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General TradingE
European Securities and Markets Authority (ESMA)
The European Securities and Markets Authority (ESMA) is an EU financial regulatory agency that safeguards the stability of the European financial system. It oversees securities markets, enforces regulations like MiFID II, and sets rules on leverage limits for retail traders.
Example
“ESMA capped leverage for retail forex traders at 30:1 for major pairs and 20:1 for minor pairs, forcing many European brokers to adjust their account offerings and margin requirements.”