FX Trading in Europe under threat - act now | Page 5 | Forex Factory

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FX Trading in Europe under threat - act now

  • #81
  • Jan 23, 2018 3:42am Jan 23, 2018 3:42am
  •  Baldi
  • | Joined Jan 2007 | Status: Reading news and comments... | 77 Posts
This ridiculous leverage cap idea of the ESMA will hurt the European brokers really seriously. The winner will be the Swiss brokers like Dukascopy. Do not forget, that the FINMA, the Swiss financial authority is not under the ESMA! They will welcome the European traders with higher leverage needs, I believe.

And maybe later the UK FCA will also revoke the leverage cap after Brexit (but this might be just wishful thinking from me...).
  • #82
  • Jan 23, 2018 3:46am Jan 23, 2018 3:46am
  •  Baldi
  • | Joined Jan 2007 | Status: Reading news and comments... | 77 Posts
And please do not forget: on leaprate.com there is also a questionnaire about ESMA's concept, they (Leaprate) collect all the answers and will send them to ESMA.

https://www.leaprate.com/esma-rules-questionnaire/

Please fill it! I have done it already!
  • #83
  • Jan 23, 2018 6:34am Jan 23, 2018 6:34am
So if I understand this correctly this only concerns brokers that are licenced in the EU?
Anything above the line is an uptrend, below the line is a downtrend.
  • #84
  • Jan 23, 2018 7:15am Jan 23, 2018 7:15am
Quoting Degolep
So if I understand this correctly this only concerns brokers that are licenced in the EU?

Maybe, maybe not.
ESMA is an EU regulatory body but its possible some EU states don't comply with its requirements yet, possibly the newest members and those still going through transition to full membership. Maybe some full EU members have opted out of ESMA? There are also some non-EU members like Norway, Iceland and Liechtenstein which nevertheless follow EU cross-border trade requirements.

The EU has an annoying habit of referring to itself as Europe. Europe is not the EU.
  • #85
  • Jan 23, 2018 7:35am Jan 23, 2018 7:35am
Quoting tomorton
{quote} . The EU has an annoying habit of referring to itself as Europe. Europe is not the EU.
Humble & Kalcker CLO2 = Covid killer
  • #86
  • Jan 23, 2018 7:52am Jan 23, 2018 7:52am
Quoting tomorton
{quote} Maybe, maybe not. ESMA is an EU regulatory body but its possible some EU states don't comply with its requirements yet, possibly the newest members and those still going through transition to full membership. Maybe some full EU members have opted out of ESMA? There are also some non-EU members like Norway, Iceland and Liechtenstein which nevertheless follow EU cross-border trade requirements. The EU has an annoying habit of referring to itself as Europe. Europe is not the EU.
Exactly, in December 2017 the EU states are only 28, those in blue.
" Europe is not the EU."
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  • #87
  • Jan 24, 2018 6:02pm Jan 24, 2018 6:02pm
Quoting Baldi
This ridiculous leverage cap idea of the ESMA will hurt the European brokers really seriously. The winner will be the Swiss brokers like Dukascopy. Do not forget, that the FINMA, the Swiss financial authority is not under the ESMA! They will welcome the European traders with higher leverage needs, I believe. And maybe later the UK FCA will also revoke the leverage cap after Brexit (but this might be just wishful thinking from me...).
The Swiss brokers Dukascopy, otherwise known as Russians

Yes, it's a massive own goal.

Looking at the options, I think the risk of people opening accounts with lots of brokers outside EU is probably limited so maybe the better sell on the feedback form is to say why a higher leverage - 50 : 1 is a better cap.

I''m going to amend the front page.
  • #88
  • Jan 25, 2018 2:18am Jan 25, 2018 2:18am
I understand ESMA's purpose to protect investors. But as a small fx retail trader like me, the cap of the proposed leverage simply drive me out of the market instead of protecting my investment funds.

Need help to look for new brokers that would sustain to offer me a better leverage. Appreciate for suggestions.
  • #89
  • Jan 25, 2018 3:51am Jan 25, 2018 3:51am
Quoting Alcopop
I understand ESMA's purpose to protect investors. But as a small fx retail trader like me, the cap of the proposed leverage simply drive me out of the market instead of protecting my investment funds.
And here is their latest invention: a law that will ruin / will stop retail Forex. Obviously they received precise orders from the Strong Powers, from Big Players and from the Great Old Men who command in Europe and in the World. This is not conspiracy , this is the reality.
https://www.forexfactory.com/showthr...3#post10694873

Quoting Alcopop
Need help to look for new brokers that would sustain to offer me a better leverage.
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 )
  • #90
  • Jan 25, 2018 8:12am Jan 25, 2018 8:12am
Quoting redoktober
{quote} And here is their latest invention: a law that will ruin / will stop retail Forex. Obviously they received precise orders from the Strong Powers, from Big Players and from the Great Old Men who command in Europe and in the World. This is not conspiracy , this is the reality. https://www.forexfactory.com/showthr...3#post10694873 {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...
At the risk of sounding like a broken record - COMPLAIN!

It's not over until it's over - another week or so.
  • #91
  • Jan 25, 2018 9:36am Jan 25, 2018 9:36am
Quoting triphop
{quote} At the risk of sounding like a broken record - COMPLAIN! It's not over until it's over - another week or so.
What I had to do, I did it.
  • #92
  • Jan 26, 2018 2:23am Jan 26, 2018 2:23am
Sorry, I actually meant to quote Alcopop, nonetheless - good work
  • #93
  • Jan 26, 2018 5:06am Jan 26, 2018 5:06am
4170 replies so far https://replytoesma.trading/#proposal
  • #94
  • Jan 26, 2018 6:40am Jan 26, 2018 6:40am
Deadline is 5th February 2018, but try and get your ESMA response forms in asap.
All Assets NAS100 GLD BTC AUS JPY GBP All Time Return: 18.2%
  • #95
  • Jan 26, 2018 7:55am Jan 26, 2018 7:55am
Just finished my reply to ESMA, i really appreciate the initiative in starting this topic, and i hope we can make a difference fellow traders...
  • #96
  • Jan 27, 2018 4:24pm Jan 27, 2018 4:24pm
  •  Baldi
  • | Joined Jan 2007 | Status: Reading news and comments... | 77 Posts
I have also done my reply to ESMA on GU-Night's link!
  • #97
  • Jan 28, 2018 6:32pm Jan 28, 2018 6:32pm
The ESMA proposals can affect any retail trader in the world, sooner or later. If you didn't reply to ESMA already, share your view: https://replytoesma.trading/

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  • #98
  • Jan 31, 2018 3:20pm Jan 31, 2018 3:20pm
Quoting GU-Night
The ESMA proposals can affect any retail trader in the world, sooner or later. If you didn't reply to ESMA already, share your view: https://replytoesma.trading/ {image} {image}
Is it only EU citizens that can reply to ESMA?
  • #99
  • Jan 31, 2018 6:26pm Jan 31, 2018 6:26pm
Quoting MTEATrader
{quote} Is it only EU citizens that can reply to ESMA?
You donīt have to identify yourself. You only have to fill in your name, email and reply.
  • #100
  • Jan 31, 2018 8:40pm Jan 31, 2018 8:40pm
Quoting GU-Night
{quote} You donīt have to identify yourself. You only have to fill in your name, email and reply.
do you really think Esma gives a damn what retail traders want? Or they had not decided what theyre going to do before asking any questions?
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