IG Group welcomes the final proposals by BaFin on CFDs trading
IG Group (“IG”, “the Company”), a global leader in online trading, welcomes the final proposals by BaFin, the German regulator, regarding the marketing, distribution and sale of CFDs to retail clients.
The final proposals are in line with the original proposals and mandate the provision of a no negative guarantee. Per the Company’s announcement of 8 December 2016, IG already actively markets its Limited Risk Account in Germany which is not only compliant with these new rules, but provides additional ‘by position’ protection to German consumers.
IG firmly believes in robust and proportionate regulatory oversight of the CFD sector and believes this move should both provide additional protection for consumers and enhance its competitive position in the country.
Source: IG Group
