Breaking: ESMA finalizes new rules to govern leveraged trading | Page 15 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Australia "ESMA" type rules 8 replies

Differences in Trading Behavior under new ESMA leverage rules 2 replies

Concerning New ESMA Regulation On Leveraged Trading 1 reply

MFSA finalizes new rules for Forex and CFD brokers 0 replies

Breaking News: Belgium bans all leveraged Forex, CFDs 92 replies

Attachments: Breaking: ESMA finalizes new rules to govern leveraged trading
Exit Attachments

Breaking: ESMA finalizes new rules to govern leveraged trading

  • #281
  • Jul 21, 2018 5:43am Jul 21, 2018 5:43am
Does anyone have an opinion on FP Markets out of Australia? Seems like a good move, have already set up a live account but have not funded my account yet. Anyone had a dealings with them?
Nothing in life is to be feared, it is only to be understood.
  • #282
  • Jul 21, 2018 7:26am Jul 21, 2018 7:26am
Why have you chosen them over say IC markets even if not the cheapest they have 0 spread and fixed commision and good rep.....Never heard of FP
You win some you loose some do both with peace of mind
  • #283
  • Jul 21, 2018 11:44am Jul 21, 2018 11:44am
Constant pushing of the IC Markets everywhere in this forum gets kind of boring already. Good brokers do not need to be sold this way but all I'm reading here is IC Markets this, and IC Markets that.. Cut it out, please.
  • #284
  • Jul 22, 2018 7:25am Jul 22, 2018 7:25am
I am not selling IC markets ....lol cant you read my posts over here i am saying i found a new broker that charge 2 dollar pr lot traded and IC market charge 7 dollars pr lot traded is that selling IC...HAHAHA...I am only saying when choosing a australian broker too get away from ESMA`s Bullshit why not choose soeone with a good rep.instead of choosing someone no one knows...The new broker i use i have done a lot of dudilligence and read in forums and have a coupple of other traders here in FF also testing them out...And IC market have a fixed lot that is the same as 0.7 spread and its not bad at all
You win some you loose some do both with peace of mind
  • #285
  • Jul 22, 2018 1:21pm Jul 22, 2018 1:21pm
Quoting magne999
i save around 150 dollars a day using finpro over IC markets
how you calculate this amount?
  • #286
  • Edited 9:56am Jul 25, 2018 7:49am | Edited 9:56am
A very interesting aspect of the new ESMA regulations is the forced publishing of retail client percentage losing money.
Now I have got a mail from one of my brokers who already included this statement in their risk warnings. Saw it by accident.

No more rumors, no more hating, only true numbers.

Here it is:

Tickmill EU (ex. Vipro) = 73,32%

There should be a list comparing this brokerwise.

However, this number does not say anything about the amount lost and can be misleading as well. Just take all the noobs losing their 500$ accounts for example. They are of no worth but still count in terms of the statistic, while I have to defend myself over and over again, how I can generate money in this business regularly..

But still worth noting.
Attached Image (click to enlarge)
Click to Enlarge Name: 2018-07-25.png Size: 75 KB
  • #287
  • Jul 25, 2018 9:25am Jul 25, 2018 9:25am
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.27% of retail investor accounts lose money when trading CFDs with Tickmill UK Ltd. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Attached Image (click to enlarge)
Click to Enlarge Name: zz-5.PNG Size: 5 KB
- https://tickmill.com/?utm_source=for...ntent=homepage

See what the below is updated to after 1-Aug-18.
->> not be suitable for all traders as it could result in the loss of the total deposit or incur a negative balance;
Attached Image (click to enlarge)
Click to Enlarge Name: zz-6.PNG Size: 9 KB
- https://atcbrokers.co.uk/
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
  • #288
  • Jul 28, 2018 4:58am Jul 28, 2018 4:58am
Attached Image
Attached Image (click to enlarge)
Click to Enlarge Name: zz-10.PNG Size: 88 KB
- https://www.compareforexbrokers.com....-brokers/#fcc2
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
  • #289
  • Aug 1, 2018 4:01pm Aug 1, 2018 4:01pm
Attached Image
- https://www.leaprate.com/forex/regul...everaged-cfds/
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
  • #290
  • Aug 1, 2018 4:15pm Aug 1, 2018 4:15pm
Attached Image (click to enlarge)
Click to Enlarge Name: zz-14.PNG Size: 20 KB
- https://www.financemagnates.com/fore...es-record-may/
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
  • #291
  • Aug 2, 2018 5:50am Aug 2, 2018 5:50am
Quoting Phylo
{image} - https://www.financemagnates.com/fore...es-record-may/
I never heard for ICM before the EU rule. I guess a lot of us opened accounts there in the last month.
  • #292
  • Aug 2, 2018 6:08am Aug 2, 2018 6:08am
Quoting Phylo
{image}{image} - https://www.compareforexbrokers.com....-brokers/#fcc2
OK, let me rant a bit, as this pisses me off. Is this a paid article? I used to trade with Pepperstone but there were a lot of platform freeze times for several minutes, even 20+ minutes and I could not watch this any longer. Company never issued apology for this. Article says they have 100% customer satisfaction. Well I was not satisfied and they lost me. At that time there were rumours that Pepperstone was a white label for AxiTrader. So I moved there. Axi recently upgraded latency to extreme (not just Pepperstone). For example (see the attached screen-shot, the second screenshot id from ICM) latency for Axi from Slovenia (Europe) is 22 ms (I have 2 optic fibre lines for redundancy). This is crazy as ICM can not go below 107. So can we can assume the new fibre connection is not universal help for all Australian brokers, but only for Axi and Pepperstone? Why does article only mention Pepperstone as such?
Attached Images
  • #293
  • Edited Aug 3, 2018 3:15am Aug 2, 2018 7:00am | Edited Aug 3, 2018 3:15am
Quoting IndigoPingvi
{quote} OK, let me rant a bit, as this pisses me off. Is this a paid article? I used to trade with Pepperstone but there were a lot of platform freeze times for several minutes, even 20+ minutes and I could not watch this any longer. Company never issued apology for this. Article says they have 100% customer satisfaction. Well I was not satisfied and they lost me. At that time there were rumours that Pepperstone was a white label for AxiTrader. So I moved there. Axi recently upgraded latency to extreme (not just Pepperstone). For example (see the...
Thanks for informative comments - yes, does have appearances of suspiciously slanted - perhaps you can contact them for comment.

PLEASE NOTE:
NO PM CODE REQUESTS - NO TIME // Posts are personal reference notes. (this signature has been up some months)

And as such are often tagged as relevant for later review and reference

Here is another relevant reference note -

  1. May be valid, may be invalid,
  2. May be true, may be untrue.
  3. Due diligence required.

I will review indepth later - at present I do not have time. -

Attached Image
- https://www.icmarkets.com/en/company...-volume-report

↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
  • #294
  • Aug 2, 2018 7:12am Aug 2, 2018 7:12am
Quoting IndigoPingvi
For example (see the attached screen-shot, the second screenshot id from ICM) latency for Axi from Slovenia (Europe) is 22 ms (I have 2 optic fibre lines for redundancy). This is crazy as ICM can not go below 107. So can we can assume the new fibre connection is not universal help for all Australian brokers, but only for Axi and Pepperstone?
The latency of 22 ms points to London as the server location, while 107 ms points to New York as the server location. And you can see that Axi and Pepperstone have UK outlets (ICM has not). It has nothing to do with your optical fiber connection: I am not connected via optical fiber, but nevertheless latency for me is 20-21 ms from Germany to London.
Return To Disorder
  • #295
  • Edited 9:33am Aug 2, 2018 7:31am | Edited 9:33am
As of Aug 2018 -
UK
Attached Image (click to enlarge)
Click to Enlarge Name: zz-16.PNG Size: 19 KB
France (or Eurozone)
Attached Image (click to enlarge)
Click to Enlarge Name: zz-17.PNG Size: 22 KB
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
  • #296
  • Aug 2, 2018 7:44am Aug 2, 2018 7:44am
Meanwhile the FCA issued a warning to brokers regulated by them not to use products similar to CFDs to get around ESMA’s restrictions.

They’re going to be leaving the EU, why do they even care?
  • #297
  • Sep 2, 2018 12:18am Sep 2, 2018 12:18am
Attached Image (click to enlarge)
Click to Enlarge Name: ZZ11.PNG Size: 94 KB
- https://www.financemagnates.com/fore...-term-traders/
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
  • #298
  • Sep 2, 2018 6:23am Sep 2, 2018 6:23am
I trade MAM/PAMM accounts for a few years now - Tallinex and FXChoice have been great.

ESMA can bite me.
  • #299
  • Sep 2, 2018 7:50am Sep 2, 2018 7:50am
Quoting Phylo
{image} - https://www.financemagnates.com/fore...-term-traders/
Yep the big brokers are having to adapt... nothing stays the same after all!
  • #300
  • Sep 2, 2018 4:11pm Sep 2, 2018 4:11pm
Quoting tradesimply
{quote} Yep the big brokers are having to adapt... nothing stays the same after all!
Looks like spreads and commissions will get worse
0 traders viewing now