Most major jurisdictions have banned such leverage - ESMA did it years ago for the entirety of the EU, Australia followed recently. Most brokers which offer such leverages now are registered offshore and they are not trustworthy.
Most major jurisdictions have banned such leverage - ESMA did it years ago for the entirety of the EU, Australia followed recently. Most brokers which offer such leverages now are registered offshore and they are not trustworthy.
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Dose not being regulated by ESMA or ASIC equate to not being trustworthy? If so, why?
What if a broker is regulated by ASIC or ESMA, but they also have branches in other countries like Seychelles or Vanuatu? Are those branches not worthy of your trust?
What if a broker is regulated by ASIC or ESMA, but they also have branches in other countries like Seychelles or Vanuatu? Are those branches not worthy of your trust?
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no they arent. The only way they are giving 1:500 is if they are booking it not filling elsewhere.. The cost of doing the trade for them is 225 x your deposit for 1:500 if you use the leverage.
What if a broker is regulated by ASIC or ESMA, but they also have branches in other countries like Seychelles or Vanuatu? Are those branches not worthy of your trust?
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To be completely blunt? No.
I'd actually go as far as to say that if a broker follows one regulation in one jurisdiction and provides the people of that jurisdiction a proper service, and then engages in shady practices in another jurisdiction because the regulation there is lackluster, that is a very, very bad look for that broker.
{quote} To be completely blunt? No. I'd actually go as far as to say that if a broker follows one regulation in one jurisdiction and provides the people of that jurisdiction a proper service, and then engages in shady practices in another jurisdiction because the regulation there is lackluster, that is a very, very bad look for that broker.
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And you consider offering higher leverage a "shady practice"?
{quote} And you consider offering higher leverage a "shady practice"?
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It depends on the other practices of said broker. If they have poor customer service, no transparency on their business model, are registered, as mentioned, in an offshore zone, etc that 1:500 or 1:1000 leverage such brokers offer does become a questionable practice, yes. Context is important.
{quote} It depends on the other practices of said broker. If they have poor customer service, no transparency on their business model, are registered, as mentioned, in an offshore zone, etc that 1:500 or 1:1000 leverage such brokers offer does become a questionable practice, yes. Context is important.
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your advice that is or working with leverage 30 or go out from forex!
do you know how much need for the same trade? 20 times more money! I think some brokers like Peperstone and Icmarket are trusted and we can trust for continues with overseas branches.
{quote} It does. Unregulated brokers cannot be trusted, that was my point.
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My account its in axitrader (well known Australian broker); at the begining of this leverage crap they proposed me to move my account to somewhere in the Caribbean IF waned to maintain the leverage (1:400) i did gave the the green light
a LOT of positive trades later, not a single execution "glitch", not a single "spread" problems or whatever you can imagine and LOTS of withdraws made effective in minutes.. Im disappointed !! i never had a single problem, ever!!
i was waiting to lose it all but, didn't happened.. ever.. im mad !! or the forums are wrong?? have no idea xD
Hi Anyone know good broker has WTI with leverage 400 or 500 ? Thanks
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One of my accounts is with XM with leverage 400 or more. Not sure if it’s good though but I find it ok making deposits and executing withdrawals.
It’s offshore.. am bearing my own risks with super low capital.
