Forex and CFD's Leverage Reduction Europe

Had this in my email today. Plans by the European Securities and Markets Authority (ESMA) to cut leverage on trading to very low levels. With such a low leverage I don't think the risk/reward for a retail trader would be worth going on. I would imagine that other areas around the world would be expected to follow suit. What do you think?

That's very low. They should have atleast made it 50:1. For retail traders, it means having a lot more starting capital.