That's exactly the point I'm making. For example, punter A is on 200:1 leverage. New regs are introduced and suddenly that's becoming 50:1. Punter A has 45 days to quadruple their deposit, which most won't be able to do. So, serendipitously, the FCA ...

FCA imposes bonus ban and leverage cap for CFDs

Try asking your average uninformed punter to raise their margin by that level within 45 days.

FCA imposes bonus ban and leverage cap for CFDs

Although I have strong feelings about the consultation and any proposed changes to policy, I shall not be filling in the Leaprate questionnaire as it is very poorly worded. The FCA is rightly trying to distinguish between those who are new to these ...

FCA FX/CFD Rules Questionnaire

I fear the FCA may introduce some short term unintended consequences when it changes the rules. Picture the situation: you're on a 100:1 or 200:1 leveraged account and overnight your margin requirement will double or quadruple.

FCA imposes bonus ban and leverage cap for CFDs