Following-up on my related post I'd like to trigger a more general discussion regarding the new BaFin rules for CFDs in Germany. Maybe we can share how various CFD brokers are managing the rules in potentially different ways and what works best for Zorro traders.
IG have converted all accounts by default to "Limited Risk" which appears to be a complete showstopper: Stops are mandatory and then guaranteed but the margin requirement depends on the stop distance and will be huge in case of distant stops. Trailing stops are no longer available. One can individually ask IG to have the account converted back to a "Trader Account" and then it should behave as before the general conversion. However, this change has not worked for my account yet and they are currently troubleshooting... I'll post an update when I know more.
Any experiences so far with other CFD brokers under BaFin regulations?