Disliked{quote} Well, you could have that much easier by using simple math, but ok. 1 Lot equals 100.000 units of the base currency - in case of GPBUSD it would be GBP for example. But your practical example demonstrates the problem pretty good. So here is the question: Which way do you take more risks to trade your desired lotsize considering the whole amount of money you have to deposit at a given broker. 100k with an australian entity or 10k with the Seychellen one? In both ways the broker could theoretically run away with your money or go bust. In both...Ignored
1) when will international pressure force offshore to up their regulation game to streamline it with global efforts.
- EU first implemented this leverage nonsense, hence many european clients flocked to ASIC, and received tons of complains from EU regulators. Now, they(ASIC) has caved and streamline it to "international" standards
2) what will be the local governing body's reaction be, example. Italy recently got tgt with ISPs in italy to block the domain of raw trading (Ic markets)
now italian clients have to access Ic markets via a special link / VPN as tho one is from china. lol