On September 30, 2022, a General Administrative Act was adopted by BaFin that restricts the marketing, distribution and sale of futures with an Additional Payment Obligation (APO). The act became effective on January 1, 2023.
Note
- APO means the contractual obligation of a retail client to compensate a brokerage firm for losses in excess of the capital deposited by the client for futures trading. In other words, Retail clients in Germany will not have to compensate IBKR for losses related to futures in excess of the funds specifically deposited for futures trading. Any excess losses must be covered by IBKR.
Additional Information