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FX Trading in Europe under threat - act now

  • #61
  • Jan 22, 2018 5:14am Jan 22, 2018 5:14am
Quoting braintheboss
{quote} The difference is the information and the difficult for control new technologies. A good example is the piracy.... Anyways the time will say
Are you comparing filmmakers' capacities with financiers' capacities?

Information is exactly a reason why crypto experiment is conducted.

As they say, history rhythms...
  • #62
  • Jan 22, 2018 5:15am Jan 22, 2018 5:15am
Quoting michisuperfr
I've only read about leverage limitations to 30/20/10:1 for FX and CFD's, am I missing something else? To me personally this is irrelevant since I either way don't use more than 10-20 leverage.

That's about it really as far as seen currently. There should be a positive change, which s negative balance protection, some restrictions on aggressive marketing, better risk assessment of clients etc.

But the loss of leverage will probably drive most private retail traders out of SB and CFD. Its like having your credit card limit cut from £1000 to 20 quid - what's the f-ing point of having it?
  • #63
  • Jan 22, 2018 5:19am Jan 22, 2018 5:19am
Quoting jdieieh
{quote} Are you comparing filmmakers' capacities with financiers' capacities? Information is exactly a reason why crypto experiment is conducted. As they say, history rhythms...
If they cant control a few guys without any financial base support how you want they control cryptos? Anyway this is leaving of main discussion. For me leverage will move many traders to other markets and others only will adapt. In my case it dont affects me much. Only I will o able to use my training accounts ( 25€ ). Only that
Try don't lose pants never...
  • #64
  • Jan 22, 2018 5:21am Jan 22, 2018 5:21am
Quoting braintheboss
{quote} If they cant control a few guys without any financial base support how you want they control cryptos?
Inserted Video
  • #65
  • Jan 22, 2018 5:36am Jan 22, 2018 5:36am
Quoting jdieieh
{quote} https://www.youtube.com/watch?v=aeC285uL6_w
Movies are only movies. You dont take it as something serious
Try don't lose pants never...
  • #66
  • Jan 22, 2018 5:36am Jan 22, 2018 5:36am
Quoting MisterWhite
Welcome to our world, in the US. OK, it's worse, at 30:1. But seriously, who actually uses all of their available leverage? Scalpers? The more capital you have, the less leverage you'll need to use, to make a living, or whatever other goal you have trading FOREX. Also, you retain the ability to hedge and trade CFDs. I would LOVE to do these things.
Quoting MisterWhite
Welcome to our world, in the US. OK, it's worse, at 30:1. But seriously, who actually uses all of their available leverage? Scalpers? The more capital you have, the less leverage you'll need to use, to make a living, or whatever other goal you have trading FOREX. Also, you retain the ability to hedge and trade CFDs. I would LOVE to do these things.
And where you guys go, we follow a couple of years later, I know...

As an unwashed rube, I use leverage to drain my account in the shortest time possible, but other more professional uses...
- structured, geometric martingale progression trading. Hope and pray has no place for traders, but FTI's approach is sensible because its' based on real market structure. if you can fathom it of course.
- forward martingale. If you've never experienced the joy of a forward martingale - rolling positions forward into bigger and bigger ones using market money only, better get them in quick
- reducing the amount you leave with your broker

The bigger concern is once it's agreed ESMA set leverage limits - that's a range from 5 to 30 by the way, we'll see it come down if it gets in place.
  • #67
  • Jan 22, 2018 5:43am Jan 22, 2018 5:43am
Quoting braintheboss
{quote} Movies are only movies. You dont take it as something serious
You did not even bother to check who wrote it and why and what it tried to convey. Yeah, movies as just movies. As they say, it is as old as history
  • #68
  • Jan 22, 2018 6:19am Jan 22, 2018 6:19am
Hello guys,


If you read carefully the pdf submitted in first post : they are talking of ROLLING SPOT FOREX.

And so, ROLLING SPOT FOREX are CFD's, and not TRUE SPOT FOREX.
  • #69
  • Jan 22, 2018 7:25am Jan 22, 2018 7:25am
Quoting albert666
Hello guys, If you read carefully the pdf submitted in first post : they are talking of ROLLING SPOT FOREX. And so, ROLLING SPOT FOREX are CFD's, and not TRUE SPOT FOREX.
Well , do you mean it's just a soap bubble ?
  • #70
  • Jan 22, 2018 7:55am Jan 22, 2018 7:55am
Is this proposed only for CFDs and binaries, and not for spot Forex, because as I can understand Forex brokers are mostly offering trading in the spot Forex market or am I wrong?

https://www.babypips.com/news/forex-cfd-20140924
  • #71
  • Jan 22, 2018 7:58am Jan 22, 2018 7:58am
Quoting merquise
Is this proposed only for CFDs and binaries, and not for spot Forex, because as I can understand Forex brokers are mostly offering trading in the spot Forex market or am I wrong? https://www.babypips.com/news/forex-cfd-20140924

It certainly includes financial spreadbetting as this is classed by ESMA as a type of CFD, but their original briefing said this initiative referred to CFD's and "other speculative products", so I guess the field's wide open.
  • #72
  • Jan 22, 2018 8:06am Jan 22, 2018 8:06am
Quoting albert666
Hello guys, If you read carefully the pdf submitted in first post : they are talking of ROLLING SPOT FOREX. And so, ROLLING SPOT FOREX are CFD's, and not TRUE SPOT FOREX.
Wishful thinking.

Whatever the classification, true spot forex would imply delivery of a currency - and when's the last time your broker turned up with a wad of Swiss francs at your house?

Rolling spot implies no delivery and is what we trade daily. Spreadbetting is a slightly different legal affair but that's more a different legal tax framework around trading the same instruments.
  • #73
  • Jan 22, 2018 9:23am Jan 22, 2018 9:23am
Nobody cares about ESMA or about regulators / institutions.
They are just a bunch of idiots, don't waste your time with them.

There is a demand for brokers with high leverage - so they will always be around.
Either offshore or in other parts of the world.
  • #74
  • Jan 22, 2018 9:35am Jan 22, 2018 9:35am
Quoting The-Flipper
Nobody cares about ESMA or about regulators / institutions. They are just a bunch of idiots, don't waste your time with them. There is a demand for brokers with high leverage - so they will always be around. Either offshore or in other parts of the world.

I'd rather risk the deposit with a UK-regulated company where I can be certain -
1) clients' funds are deposited separately to the company's operating capital
2) money withdrawals can be depended on
3) its not the front for a ponzi scheme
4) prices and charts won't be rigged simply to cheat clients

Each trader will have a different tolerance and response to the risks listed above, but it would be smart to be aware of these and not to totally ignore them.
  • #75
  • Jan 22, 2018 10:35am Jan 22, 2018 10:35am
IG says it's everything and it is only RETAIL everybody else is excluded:

ESMA has come out with a number of proposals – aimed at retail clients only – to try to increase conduct standards across the industry. We largely support these changes, but feel the leverage restrictions are disproportionate and too restrictive. ESMA’s leverage proposals include:
● 30:1 leverage on major currency pairs = 3.33% margin
● 20:1 leverage on major indices = 5% margin
● 10:1 leverage on commodities (excluding gold) = 10% margin
● 5:1 leverage on equities = 20% margin

These restrictions would apply to both spread betting and CFD trading. You can read all the proposals in full
  • #76
  • Jan 22, 2018 1:34pm Jan 22, 2018 1:34pm
Quoting The-Flipper
Nobody cares about ESMA or about regulators / institutions. They are just a bunch of idiots, don't waste your time with them. There is a demand for brokers with high leverage - so they will always be around. Either offshore or in other parts of the world.
Parasites Euro-bureaucrats and Esma are preparing a uge gift to offshore brokers and non-European brokers , as :
IC Markets ( Australia )
Pepperstone ( Australia )
DirecFX (Australia )
Instaforex (Russia )
Admiral Markets ( Russia )
IG Markets ( Singapore )
FxOpen (Nevis)
Dukascopy Japan ( Japan )
Lmax HC ( Hong Kong )
  • #77
  • Jan 23, 2018 12:07am Jan 23, 2018 12:07am
Quoting redoktober
{quote} Parasites Euro-bureaucrats and Esma are preparing a uge gift to offshore brokers and non-European brokers , as : IC Markets ( Australia ) Pepperstone ( Australia ) DirecFX (Australia ) Instaforex (Russia ) Admiral Markets ( Russia ) IG Markets ( Singapore ) FxOpen (Nevis) Dukascopy Japan ( Japan ) Lmax HC ( Hong Kong )
Yes but wouldn't the Australian brokers also be a next target some point in the future?
  • #78
  • Jan 23, 2018 1:51am Jan 23, 2018 1:51am
Quoting redoktober
{quote} Parasites Euro-bureaucrats and Esma are preparing a uge gift to offshore brokers and non-European brokers , as : IC Markets ( Australia ) Pepperstone ( Australia ) DirecFX (Australia ) Instaforex (Russia ) Admiral Markets ( Russia ) IG Markets ( Singapore ) FxOpen (Nevis) Dukascopy Japan ( Japan ) Lmax HC ( H
Pepperstone directed me to the UK branch.
I had an account in Australian office. Now it is closed and new account is in UK.
Admiral Markets is FCA regulated broker.
Interesting, how it goes with IC Markets.
Spread in Instaforex is terrible.

SP
  • #79
  • Jan 23, 2018 2:19am Jan 23, 2018 2:19am
Quoting SuperPip
{quote} Pepperstone directed me to the UK branch. I had an account in Australian office. Now it is closed and new account is in UK. Admiral Markets is FCA regulated broker. Interesting, how it goes with IC Markets. Spread in Instaforex is terrible. SP
Ok , if for you extra-UE brokers have all these problems, bend your head and accept the humiliating rules of dirty Euro-bureaucrats and Esma.
  • #80
  • Jan 23, 2018 2:20am Jan 23, 2018 2:20am
Quoting MTEATrader
{quote} Yes but wouldn't the Australian brokers also be a next target some point in the future?
Today it's so, thus we take the advantages of non-European brokers.
Tomorrow, who knows ? Tomorrow is in the God's hands .
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