ESMA (European Securities and Markets Authority) introduced new strict/drastic regulations for regulated Forex Brokers within the European Union. These restrictions have a significant impact on the amount of leverage that a retail trader can access when trading Forex broker or CFD with these brokers that are regulated in an EU country (including the United Kingdom - FCA).
For more information and an explanation of these new regulations, below you will find a list of Forex Brokers that are not regulated within the EU jurisdiction and, therefore, are not subject to the new ESMA regulations, which means that EU citizens can access leverage and margins are not permanent. In generating this list, we have used the best available information and believe in its accuracy, but due to the constantly changing regulatory environment, the best practice is still to consult with a broker about your ESMA compliance requirement.
Source: https://www.entrepreneurshipsecret.com/forex-brokers-with-no-esma-regulation/