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Breaking: ESMA finalizes new rules to govern leveraged trading

  • #141
  • May 13, 2018 9:39am May 13, 2018 9:39am
Quoting redoktober
{quote} What happened ? Does anyone know why he was revoked ? {image}
Yes. i think this is a good rule. It will make many traders think twice about lot sizes before placing a trade.
It will also force people to use a much needed stop loss, as i still cannot believe people still trade in 2018! without one.
Love the life you live, live the life you love
  • #142
  • May 17, 2018 6:38am May 17, 2018 6:38am
Attached Image
- https://www.100forexbrokers.com/newz...-forex-brokers
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
  • #143
  • May 17, 2018 6:59am May 17, 2018 6:59am
Attached Image
- https://fsp-register.companiesoffice.govt.nz/
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
  • #144
  • May 17, 2018 7:03am May 17, 2018 7:03am
Attached Image
- https://www.forexbrokerz.com/page/ne...-forex-brokers
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
  • #145
  • Edited May 18, 2018 1:07pm May 17, 2018 1:46pm | Edited May 18, 2018 1:07pm
To: Phylo | From: xxxxx| Sent: May 9, 2018 15:19
---------------------------------------------------------------------------------
Hey,

Sorryfor the private message but I came across an old post of yours regarding IG markets I was wondering if you still used them ?

I'm thinking of signing up to them but just looking for any positive or negative experiences traders may of had with them.

Thanks
---------------------------------------------------------------------------------
We trade multiple accounts across multiple brokers.

Our experience with a broker (Account type, size etc) may not be your experience. Further the UK IG experience will not be the AU IG experience.

Having signed with multiple brokers our experience is - it is

  1. dead easy
  2. fast
  3. the only way to know with certainty is to test drive the live account

If the trading platform-station-portal is other than MT4 a demo test drive, to familiarize, advisable.

We trade in a family consortium - the godfather called a meeting - gotta go.

All the best -

TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
  • #146
  • Edited May 19, 2018 12:38pm May 18, 2018 11:26pm | Edited May 19, 2018 12:38pm
As brief comment - it make sense to hold both UK FCA Regulated and offshore accounts.

  1. UK accounts for negative balance protection, FSCS* protection and long term slower build of larger capital.
  2. Offshore accounts for faster shorter term capital turn over and for some, more frequent withdrawals.

No time for further comment.

* The Financial Services Compensation Scheme (FSCS) is the UK’s statutory Deposit insurance and investors compensation scheme for customers of authorised financial services firms.

- https://en.wikipedia.org/wiki/Financ...nsation_Scheme

TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
  • #147
  • May 19, 2018 3:21am May 19, 2018 3:21am
When will the new leverage restrictions come into force?
  • #148
  • May 19, 2018 3:22am May 19, 2018 3:22am
Quoting grandaevus
When will the new leverage restrictions come into force?
Approx June/July - thats what I received from my brokers so far. Although no specific date until now.
  • #149
  • May 19, 2018 8:58am May 19, 2018 8:58am
i wonder if it would be possible to open accounts in australia or new zealand and trade with the normal leverage
  • #150
  • May 19, 2018 9:15am May 19, 2018 9:15am
Quoting vladutz112
i wonder if it would be possible to open accounts in australia or new zealand and trade with the normal leverage
Sure it is! Just read the thread carefully, possible options are discussed.
  • #151
  • May 19, 2018 9:46pm May 19, 2018 9:46pm
Already brokers are shifting their clients accounts money under different regulators , XM for example are now advertising ASIC on their homepage. Previously they were very proud to acquire FCA license.
What goes up will come down...
  • #152
  • May 20, 2018 6:59am May 20, 2018 6:59am
Quoting sam68
Already brokers are shifting their clients accounts money under different regulators , XM for example are now advertising ASIC on their homepage. Previously they were very proud to acquire FCA license.
it would be nice to be able to open in australia but i guess somehow they will block this option
  • #153
  • May 20, 2018 9:38am May 20, 2018 9:38am
Quoting vladutz112
{quote} it would be nice to be able to open in australia but i guess somehow they will block this option
Agree. I would be with IC markets if I could. All about the spreads though and not leverage. US Forex options are average at best.
Model 3 All Time Pips: -887
  • #154
  • May 20, 2018 9:07pm May 20, 2018 9:07pm
I spoke to couple of my brokers and there is no need to panic for the "pro" retail traders they can still keep good leverage of up to 1:200
What goes up will come down...
  • #155
  • May 21, 2018 7:12am May 21, 2018 7:12am
Good news.
Every law has its exception , and every law must be interpreted...


" EU Brokers are working on a High-Leverage new product for retail traders that is compliant with the new ESMA regulations.


CFD contracts leaves leeway for brokers to offer alternative products to retail investors that are allowing them to use high leverage."


https://www.financemagnates.com/fore...ompliant-esma/

  • #156
  • May 21, 2018 8:58am May 21, 2018 8:58am
Quoting redoktober
Good news. Every law has its exception , and every law must be interpreted... " EU Brokers are working on a High-Leverage new product for retail traders that is compliant with the new ESMA regulations. CFD contracts leaves leeway for brokers to offer alternative products to retail investors that are allowing them to use high leverage." https://www.financemagnates.com/fore...ompliant-esma/
Thanks Red for staying on top of this and keeping everyone posted. Much appreciated brother...
  • #157
  • May 21, 2018 9:04am May 21, 2018 9:04am
Quoting redoktober
Good news. Every law has its exception , and every law must be interpreted... " EU Brokers are working on a High-Leverage new product for retail traders that is compliant with the new ESMA regulations. CFD contracts leaves leeway for brokers to offer alternative products to retail investors that are allowing them to use high leverage." https://www.financemagnates.com/fore...ompliant-esma/
u are really helpfull thx mate
  • #158
  • May 21, 2018 9:16am May 21, 2018 9:16am
Dumb question but won't this severely lower the opportunities for profitable traders and overall money floating around?
  • #159
  • May 21, 2018 4:17pm May 21, 2018 4:17pm
Quoting Phylo
{image} - https://www.100forexbrokers.com/newz...-forex-brokers

thanks
  • #160
  • May 21, 2018 5:15pm May 21, 2018 5:15pm
Quoting patterncode
{quote} thanks
Welcome
Attached Image
- https://www.100forexbrokers.com/australian-forex-brokers
Attached Image
- https://www.forexbrokerz.com/page/fo...kers-australia
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
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