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Breaking: ESMA finalizes new rules to govern leveraged trading

  • #301
  • Sep 4, 2018 10:26am Sep 4, 2018 10:26am
Attached Image
- https://www.financemagnates.com/fore...-three-months/
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
  • #302
  • Sep 4, 2018 10:39am Sep 4, 2018 10:39am
Quoting Phylo
{image} - https://www.financemagnates.com/fore...-three-months/
Of course not! Anyone who believed that is pretty naive!

Haven't they already extended the ban on binaries, even before the initial 3 months has come to an end?
  • #303
  • Sep 4, 2018 10:56am Sep 4, 2018 10:56am
Guys
As mentioned before, the only way to avoid ESMA is to trade with NON European brokers. I choose ICMarkets Australia but there are many out there for example Switzerland brokers etc....
When European brokers will loose many customers maybe ESMA will review their rules.
If that will happen I'll bring back my money in Europe.

Just a note aside, keep an eye on FCA UK rules after brexit as financial services are not part of the negotiations and UK to attract foreign funds after brexit will do proper legislations to reach that target in direct competition with Europe because London will not be anymore after brexit the European financial district center.

Regards
  • #304
  • Sep 4, 2018 11:14am Sep 4, 2018 11:14am
Quoting Merka
Guys As mentioned before, the only way to avoid ESMA is to trade with NON European brokers. I choose ICMarkets Australia but there are many out there for example Switzerland brokers etc.... When European brokers will loose many customers maybe ESMA will review their rules. If that will happen I'll bring back my money in Europe. Just a note aside, keep an eye on FCA UK rules after brexit as financial services are not part of the negotiations and UK to attract foreign funds after brexit will do proper legislations to reach that target in direct competition...
Yeah Im now on a demo with Tradeview and IC markets (to hell with IG). They charge £0.50 for 0.1 lot on GU. Is that normal? Do you have a live account with ICM?
  • #305
  • Sep 4, 2018 11:20am Sep 4, 2018 11:20am
Quoting Merka
Guys As mentioned before, the only way to avoid ESMA is to trade with NON European brokers. I choose ICMarkets Australia but there are many out there for example Switzerland brokers etc.... When European brokers will loose many customers maybe ESMA will review their rules. If that will happen I'll bring back my money in Europe. Just a note aside, keep an eye on FCA UK rules after brexit as financial services are not part of the negotiations and UK to attract foreign funds after brexit will do proper legislations to reach that target in direct competition...
Yep, ICM here too... I wouldn't hold your breath waiting for FCA to change the regulations back after Brexit though. Weren't they looking to bring in something similar years ago but had to wait for ESMA regs instead?
  • #306
  • Sep 4, 2018 11:22am Sep 4, 2018 11:22am
But I guess if the UK leave the EU (will they? lol) the ESMA rules wont count for UK brokers, so that would be the first thing they would be getting rid of to lure clients back I assume?
  • #307
  • Sep 4, 2018 11:26am Sep 4, 2018 11:26am
Shame as I liked IG charts
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  • #308
  • Sep 4, 2018 11:28am Sep 4, 2018 11:28am
Quoting venividivici
But I guess if the UK leave the EU (will they? lol) the ESMA rules wont count for UK brokers, so that would be the first thing they would be getting rid of to lure clients back I assume?
It's exactly what I think is going to happen.
British are fed up with European rules
  • #309
  • Sep 4, 2018 11:30am Sep 4, 2018 11:30am
Quoting Emerald2112
{quote} Yeah Im now on a demo with Tradeview and IC markets (to hell with IG). They charge £0.50 for 0.1 lot on GU. Is that normal? Do you have a live account with ICM?
I have a small live account with them and costs are included in the spread no commissions for me.
  • #310
  • Sep 4, 2018 12:01pm Sep 4, 2018 12:01pm
Quoting Merka
keep an eye on FCA UK rules after brexit as financial services are not part of the negotiations and UK to attract foreign funds after brexit will do proper legislations to reach that target in direct competition with Europe because London will not be anymore after brexit the European financial district center. Regards
London is the financial innovator not a follower. Frankfurt is the Beuro (bureaucrat) mess...if brexit occurs expect major dereg from old london town. Those boys cut the edge.
  • #311
  • Sep 4, 2018 12:57pm Sep 4, 2018 12:57pm
Quoting venividivici
But I guess if the UK leave the EU (will they? lol) the ESMA rules wont count for UK brokers, so that would be the first thing they would be getting rid of to lure clients back I assume?
Nah... we retail traders are small fry. Whatever the real reasons for these regs, Brexit won't change a thing. If it happens at all of course!..
  • #312
  • Sep 17, 2018 12:26am Sep 17, 2018 12:26am
Quoting COGnizant
I trade MAM/PAMM accounts for a few years now - Tallinex and FXChoice have been great. ESMA can bite me.
WHat about withdrawal Issues with Tallinex?
  • #313
  • Sep 20, 2018 10:00am Sep 20, 2018 10:00am
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- https://www.financemagnates.com/fore...-surpass-emea/
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
  • #314
  • Sep 20, 2018 10:09am Sep 20, 2018 10:09am
Attached Image (click to enlarge)
Click to Enlarge Name: ZZ18.PNG Size: 19 KB
- https://www.financemagnates.com/fore...treme-vetting/
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
  • #315
  • Sep 25, 2018 8:34pm Sep 25, 2018 8:34pm
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- https://www.financemagnates.com/fore...re-misleading/
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
  • #316
  • Sep 25, 2018 8:43pm Sep 25, 2018 8:43pm
Attached Image
- https://www.leaprate.com/forex/broke...hore-entities/
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
  • #317
  • Sep 26, 2018 2:54pm Sep 26, 2018 2:54pm
Quoting Phylo
{image} - https://www.leaprate.com/forex/broke...hore-entities/

  • #318
  • Sep 26, 2018 3:06pm Sep 26, 2018 3:06pm
Snake oilers in overdrive..... love it. ESMA great job.

Loss numbers from ESMA do even understate the real losses of retail customers..... so pointing out to the 100 pound punters isn't going to help to marginalize the fact that retail forex is a negative sum game for losers. Look at the financials of brokers and understand how many retailers must losing their shirts to generated this kind of broker income...
  • #319
  • Oct 25, 2018 1:18pm Oct 25, 2018 1:18pm
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- https://www.financemagnates.com/fore...cyprus-office/
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
  • #320
  • Nov 20, 2018 3:34am Nov 20, 2018 3:34am
Quoting Merka
{quote} As stated before, I just opened an account with ICMarkets Australia. My documents have been checked an approved despite I'm European. So, the response to your question is YES. There will be new regulations that will block this in the future? Maybe yes, maybe no. For sure now you can. Regards
Hello Mate,

Are you still using the Australian Broker which have more leverage?. I am based in UK, trading with IG. I am looking for more leverage account.
Any advise is welcome. Cheers Tushar
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