ASIC proposes 20:1 leverage for all FX pairs and a binary options ban
what do you think ? will you move offshore ?
what do you think ? will you move offshore ?
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Which MT5 terminal does not have a Max Lot restriction 7 replies
DislikedASIC proposes 20:1 leverage for all FX pairs and a binary options ban what do you think ? will you move offshore ?Ignored
DislikedIt is so ridiculous, especially as the ESMA example proves the NONSENSE of this measure. I always explained and stated, that leverage has no effect on the percentage of losing clients .. but what do I know ... https://www.financemagnates.com/fore...ear-into-esma/ And now ASIC is blindly adapting their buddies nonsense like a bunch of fools. {image}Ignored
Disliked{quote} It is so easy these days so many will......but they will lose the protective regulation of ASIC in doing so.....so it puts the burden of risk more squarely in the hands of the punter I s'pose. Those that don't will be forced into a different mindset....that of finding an edge as opposed to having a flutter. With less leverage available and higher margins required, the burden shifts to a more serious game with an added emphasis on capital protection. Barriers to entry in this game need to step up IMO....full of riff-raff. It's just not cricket...Ignored
Disliked{quote} Agreed Drolph....however it certainly reduces market share relating to those small time punters who can't meet the higher barriers. Let the % losers stay the same with higher capital at stake....but reduce the impact on the small retail trader who is less capable of putting in the required stake and surviving the hits. The reduction in small retail trader numbers will impact the smaller broker who might have a tendency to predate on the negative aspects of this game.Ignored
Disliked{quote} But it also reduces the capabilities of traders like me, that demonstrably are able to make money with high leverage strategies for more than 2-3 years! Since the initial argument of "reducing the amount of losing clients" is proven wrong your argumentation is not worth my sacrifice in my humble opinion.Ignored
Disliked{quote} But it also reduces the capabilities of traders like me, that demonstrably are able to make money with high leverage strategies for more than 2-3 years! Since the initial argument of "reducing the amount of losing clients" is proven wrong your argumentation is not worth my sacrifice in my humble opinion.Ignored
DislikedASIC proposes 20:1 leverage for all FX pairs and a binary options ban what do you think ? will you move offshore ?Ignored
Disliked{quote} and where you heard that??i use Ic markets and they say dont know nothing about that..Ignored
Disliked{quote} and where you heard that??i use Ic markets and they say dont know nothing about that..Ignored
Disliked{quote} There is a 3 week deadline for consideration by ASIC regulated brokers underway. https://www.abc.net.au/news/2019-08-...ustry/11437550Ignored
Disliked{quote} this is just proposoal,i doubt they accept,because will loss a loot clients like esma bullshit made in europe,i dont need leverage 1:20, 1:20 is only for millionaires with enaught equity. which good reputation brokers also exist which is not esma and asic regulated,anybody knows??Ignored
DislikedASIC proposes 20:1 leverage for all FX pairs and a binary options ban what do you think ? will you move offshore ?Ignored
DislikedI moved to unregulated because IC Markets stopped taking Canadians. The move now is towards unregulated brokers as we are regulated to death. Just look at the success of BitMex for crypto. I've been scammed by several regulated brokers and nothing helped me. Anyway, I use Coinexx.com for FX Evolve.Markets for Crypto for over a year now with no issues. Watch how IC Markets sets up an unregulated firm soon to keep up with the new competition.Ignored