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Breaking: ESMA finalizes new rules to govern leveraged trading 347 replies

Differences in Trading Behavior under new ESMA leverage rules 2 replies

Concerning New ESMA Regulation On Leveraged Trading 1 reply

New restrictions on ESMA regulated brokers 0 replies

New NFA Regulations: The end of individual scalpers ? 22 replies

Attachments: European Traders - new ESMA regulations!
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European Traders - new ESMA regulations!

Quoting Stillearnin
{quote} This is basically my whole issue with the entire thing as well. What you are describing it's called pyramiding...and now it's dead! Because no matter how much you are in profit on your first positions, you cannot risk more than 5% overall in your account. Thanks ESMA! If this doesn't get fixed in 3 months i will be looking for another broker as well.
Trouble is this is EU regulators you're talking about and they are clueless about the market they are regulating, believe me this is typical EU regulations never improve they always get worse. The FCA was going to introduce tighter regulation on similar lines to this but not to this level the FCA has been around a long time they know how the markets work they would not ever have gone this far, in fact their realistic recommendations were made to ESMA but were ignored. With ESMA being French that is pretty normal both to be ignored by advice from those that understand the markets and being the regulators for the EU.

The reality is this, this will not improve our experience of the EU regulators is that they will get worse not better you are better off moving your money out now to a new broker if everybody does that then there is a wall of money leaving Europe. At that point ESMA will have to admit they've just shot themselves in the foot, then you might be able to move it back. The way to stand up is move it out now because they will not change unless you make the threat real
Quoting Huntpips
But what is difference between a retail traders and a professional traders?
Only more arrogance
Member
Many traders see great advantages in the new ESMA trading conditions. For example: Trading with low leverage is safer. If you use some risky EA, the high margin requirement will cover your account from huge loses or blow...
Quoting DwainUK
Many traders see great advantages in the new ESMA trading conditions. For example: Trading with low leverage is safer. If you use some risky EA, the high margin requirement will cover your account from huge loses or blow...
Just because you have 500:1 leverage you don't have to be a bonehead and use it. But it's nice to know it's there...Why the hell would you run a 'risky EA' on a real money account without proper testing it before? I feel that you should be on the esma board, you sound qualified!
Bullshit if you have problems controling your money you should quit trading because then you have a gambling problem and you have much better luck at a casino than you have with fx gambling....ESMA is treating us like little kids....(BUHUUUUU YOU CANT TAKE THAT TRADE WHAT IF IT GOES AGAINST YOU BUHHUUU....) I am 44 years old not 12 let me diside what too do with MYYYYYYY MOOONEY....ESMA Go .....ck yourselves....BUT I USE A UNREGULATED BROKER SOO YOU DONT TELL ME WHAT TOO DOO GO FINPRO THEY HAVE CLIENTS FROM 120 DIFFERENT COUNTRIES AND BEEN UP SHOP SINCE 2012 AND ALSO RESCUE U:S CITIZENS FROM THEIR 50:1 MAXIMUM LEVERAGE BULLSHIT...If You want too make money in this ...ucked up world of bullshit politics stay away from all kinds of regulations.....I guess many of the big brokers now dont have a choice they have too kick the regulation close shop and reopen unregulated....I mean what do the regulation really do for us....Like finpro have offices in London not offshore and they cant mess with your money then they have too face charges for fraud soo thats not gonna happen and they have had shop for 6 years so they are not going out of buissnes now they get a lot of money coming their way because of ESMA and U.S regulation...Australian brokers will eventually also have too follow ESMA`s shit because of australian regulation and will ban EU clients ore follow the 30:1 and 20:1 i got mail from HIGH AND LOW yesterday binaryoptions from Australia the banned me as client because of ESMA ban of binarys........THE only way ...ck politics we dont need that shit we stay UNREGULATED::::
You win some you loose some do both with peace of mind
Hello all. Pepperstone reduced their leverage for EU residents. Does anyone using ICMarkets get his leverage reduced?
Quoting TudorIoan
Obviously, the intention was to rule out less than $100 account gamblers. The market "noise". But those addicted freaks who can spare more than few hundreds bucks for games, OTB, sport bets, Casinos, ...FX They will add more ...happy brokers Now you need 80-100 bucks just to trade with minimum volume and 10-20 pips risk (those who have less than $80 can't even open a 0.01Lot position) $1000 is required for minimum fun... {image}
Isn't the stop out at 50% of margin used i.e 50% of 33 euro=16.5, so when your equity falls below 16.5 you will be stopped out
the cautious seldom err....C
Quoting alm-hd
Does anyone using ICMarkets get his leverage reduced?
I can confirm there are no ESMA leverage restrictions for IC Markets.
And i can confirm no ESMA leverage with XM australia , just opened my new account 30 mn ago ...
Not yet but i talked too them on chat and they are not sure how it will på'n out yet
You win some you loose some do both with peace of mind
Pan out
You win some you loose some do both with peace of mind
Quoting pips29
{quote} Isn't the stop out at 50% of margin used i.e 50% of 33 euro=16.5, so when your equity falls below 16.5 you will be stopped out
Yes, you're perfectly right. My numbers were wrong. Post deleted.
Thank you
Member
Quoting mw108
{quote} I can confirm there are no ESMA leverage restrictions for IC Markets.
Yep, second that! :-)
Re Demo Accounts - FYI - Just received this from LCG:

Dear Client,

We would like to inform you that, as part of the implementation of the new European Securities and Markets Authority (ESMA) regulation, we will be applying leverage restrictions on all LCG Demo Trading Accounts under FCA and CySEC, on Monday, August 6, 2018.

Once the restrictions are applied, any LCG Demo Trading Accounts with insufficient margin to maintain open positions will be closed out automatically. Please ensure that your demo account has enough free margin to meet the margin requirements as outlined under the new ESMA regulation.
I have a Live Account with LCG, last week I was doing fine trading 0.3/0.4 and the odd 0.5 lot , now i'm down to maximum 0.10 , got to get a lot more pips now. And I only have £350 in my account.
Yes there are no use in having demo acconts with high leverage and margin when you cant on live accounts...Where do LCG come from and where are they regulated???
You win some you loose some do both with peace of mind
Quoting magne999
Yes there are no use in having demo acconts with high leverage and margin when you cant on live accounts...Where do LCG come from and where are they regulated???
LCG represent London Capital Group. They formerly used the name Capital Spreads.

They are regulated in the UK by the FCA. The highest form of regulation you can get. In other words your money is insured up £50k GBP under the Financial Services Compensation Scheme and held in regulated separate UK bank accounts.
What it all comes down too now is how long can they stay in buissness with 30:1 and 20:1 maximum leverage half of their traders will flee to unregulated brokers ore New zeeland/Australian brokers and 75% og traders have less than a 1000 dollars in account and that means they get commision spreads of 0.30 pr trade...I really think they get fat on that...I think we will see å lot of regulated brokers in E.U closing doors in a year ore two...I am sure not gonna use a broker with leverage restrictions no matter how "safe " my money are...
You win some you loose some do both with peace of mind
Quoting magne999
What it all comes down too now is how long can they stay in buissness with 30:1 and 20:1 maximum leverage half of their traders will flee to unregulated brokers ore New zeeland/Australian brokers and 75% og traders have less than a 1000 dollars in account and that means they get commision spreads of 0.30 pr trade...I really think they get fat on that...I think we will see å lot of regulated brokers in E.U closing doors in a year ore two...I am sure not gonna use a broker with leverage restrictions no matter how "safe " my money are...

"75% og traders have less than a 1000 dollars in account"

Do you have a citation for this statement?
Thanks!
Seems that traders are now better protected against themselves than ever before, I can only applaud that. Now one can only hope that the rules don't get too restrictive, I mean some risk is needed in order to make a profit.
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