- October 6th, 2019, 2:01 pm
#2529
First of all, make sure you know the exact scope of changes introduced by ESMA. Remember that these changes have been made in your interest and are meant to protect your capital. Choosing a broker from outside of the European Union will make you deliberately give up some of your security. One of them is protection against the negative balance, which is required by ESMA. Brokers outside the EU do not always offer such protection, especially if they operate in the ECN model.