Brexit is a fact, so what happens now to millions of Euro traders trading with FCA regulated brokers?
For years, European traders have flocked to the FCA because it gave us the highest level of regulatory standards.
After the Brexit vote, the UK will most likely lose it's "EU Financial Passport", if it's not a fact already after the remarks by EU leaders this morning.
For those of you not familiar with what this means:
http://www.financialexpress.com/arti...sports/286882/
From the sequence of events since the referendum results were official, it's clear both from the UK and EU sides, we have NO IDEA what will happen. This increased uncertainty of course, goes against the whole point of going for an FCA broker in the first place.
CySec, Malta, Caribbean regulated brokers....sorry, but rather not.
So, what options do European traders have?
Which German, Dutch, French, Luxembourg, Irish, regulated FX brokers can we turn to in times like this?
NOTE: I'm not planning or suggesting that I will close my FCA regulated broker accounts; I would just like to know what options do European traders have, if in fact, the UK loses its EU Financial Passport or anything along those lines.
For years, European traders have flocked to the FCA because it gave us the highest level of regulatory standards.
After the Brexit vote, the UK will most likely lose it's "EU Financial Passport", if it's not a fact already after the remarks by EU leaders this morning.
For those of you not familiar with what this means:
http://www.financialexpress.com/arti...sports/286882/
From the sequence of events since the referendum results were official, it's clear both from the UK and EU sides, we have NO IDEA what will happen. This increased uncertainty of course, goes against the whole point of going for an FCA broker in the first place.
CySec, Malta, Caribbean regulated brokers....sorry, but rather not.
So, what options do European traders have?
Which German, Dutch, French, Luxembourg, Irish, regulated FX brokers can we turn to in times like this?
NOTE: I'm not planning or suggesting that I will close my FCA regulated broker accounts; I would just like to know what options do European traders have, if in fact, the UK loses its EU Financial Passport or anything along those lines.