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Breaking: ESMA finalizes new rules to govern leveraged trading 348 replies

Differences in Trading Behavior under new ESMA leverage rules 2 replies

UK online broker shares hammered by ESMA leverage proposals 48 replies

Concerning New ESMA Regulation On Leveraged Trading 1 reply

New restrictions on ESMA regulated brokers 0 replies

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European Traders - new ESMA regulations!

  • #101
  • Edited 12:55pm Aug 3, 2018 11:56am | Edited 12:55pm
Quoting magne999
I think we will see å lot of regulated brokers in E.U closing doors in a year ore two...
US brokers didn't have to "close doors" with 1:50 leverage either. And 1:50 applies to ALL US clients, retail as well as professional. While in EU, traders who are classified as "professional" don't have leverage restrictions.

Theoretically you could apply for "professional" status even without fulfilling the requirements. Checking you or not is at the discretion of the Brokers. Besides that, checking your application applies only to existing clients. This means if you register a new account with a regulated EU broker, you can apply as professional client without the need to show any proof.
  • #102
  • Aug 3, 2018 12:18pm Aug 3, 2018 12:18pm
That is good that you can apply for PRO...Then their is a luuphole...Do that go for all brokers....I can't imagine Brokers like ETX doing that...
You win some you loose some do both with peace of mind
  • #103
  • Aug 3, 2018 12:34pm Aug 3, 2018 12:34pm
I got a demo wit Tradeview...anyone use them live? They charge $5 per lot on EJ. Is that ok?
  • #104
  • Aug 3, 2018 1:15pm Aug 3, 2018 1:15pm
Quoting Emerald2112
They charge $5 per lot on EJ. Is that ok?
Yes...But more important is the execution quality
"Men Who Can Both Be Right & Sit Tight Are Uncommon" ~ Jesse Livermore
  • #105
  • Aug 3, 2018 1:18pm Aug 3, 2018 1:18pm
Quoting DanielMozuro
I mean some risk is needed in order to make a profit.
Exactly! But how much risk for how much profit? And how you measure it? Did you heard from skilled traders, trading small accounts aggressively, double it in some days, take out 20% and repeat the process? Not the way to trade? You can't make serious money with forex trading just with some silly money management. You need skills, very sharp skills and fighting spirit. The environment is merciless!
  • #106
  • Aug 3, 2018 1:47pm Aug 3, 2018 1:47pm
Quoting alm-hd
Hello all. Pepperstone reduced their leverage for EU residents. Does anyone using ICMarkets get his leverage reduced?
No. As long as ICMarkets does not open a division in Europe, they don't have to follow ESMA's rulling. I'm an EU resident and can still use up to 1:500 leverage.
  • #107
  • Aug 3, 2018 1:51pm Aug 3, 2018 1:51pm
Quoting Emerald2112
I got a demo wit Tradeview...anyone use them live? They charge $5 per lot on EJ. Is that ok?
How are spreads when 5 dollar commision....And more importent how much to open trade on EUR/USD and USD/JPY???
You win some you loose some do both with peace of mind
  • #108
  • Aug 4, 2018 4:48am Aug 4, 2018 4:48am
RoboForex doesn´t limit leverage for EU clients.
I use Robo cent accounts (1:1000) to test grid-marti-hedge EA-s and asked them if they would reduce leverage for EU citizens, they sayd they won´t.
F_ck your analysis, I know exactly where the market will go. To the right.
  • #109
  • Aug 4, 2018 5:01am Aug 4, 2018 5:01am
Can I just point out to any novice traders that when you read that there are other non UK based spreadbetting companies you can join offering 1:500+ leverage this does not always mean you should jump to them. Brokers are very clever and never want to lose. To do this they dream up many ways to wipe your account out. One of the key ones is after hours trading, some change their spread on the DAX from 1 point to 8 points or more. This means if you have placed stop losses during the period it was a 1 point spread then during the night you will wake to find your positions stopped out (if you swing trade).

Example is LCG, they offer roughly 1 point on the Dax during the hours 7am to 4pm but after that the spread caries from 2-4 points. However I have noticed that with IC Markets their out of hours spread goes up to 8 points. This is a huge difference. So yes IC Markets give you leverage of 1:500 but they are also MUCH MORE risky compared to LCG in terms of spread and price movement.

I do like IC Markets compared to others I have seen and at least they place their funds in Australian main banks, but their is no financial compensation. This is serious, if you are running up a profit of £40k and you haven't transferred it to your private bank account, if there is a sudden market crash you can say goodbye to your money! If that happens, trust me, you won't be interested in the fact they offer 1:500 leverage.

Just be careful. As long as you are aware of the differences then you can plan for them. If you are not aware and expect the same, say goodbye to your money!

Final Thoughts: UK please get your act together and allow spreadbetting to go back to what it was. Just vet people better and allow people who have traded for years to not be treated like someone who has just started.
  • #110
  • Aug 4, 2018 5:24am Aug 4, 2018 5:24am
leverage is a good trade tools. the regulation is intended to make fx career hell to retail trading humans . or maybe the regulators do mot know mathematics

i have always said it that the usa and europe have plans to define the lives that dwells in there in a limit .regulating the citizens lives like a machine. get out or u see the negative effect
  • #111
  • Aug 4, 2018 6:34am Aug 4, 2018 6:34am
Quoting magne999
{quote} How are spreads when 5 dollar commision....And more importent how much to open trade on EUR/USD and USD/JPY???
Yes the spread is good for EJ I think 0.5 only. Ill check the cost of some other pairs. Their registered in the Cayman islands I think which worries me a bit.

The have shares also on the demo which is what I will miss on my UK IG account. IG also have all hours on shares though which I liked even if just to watch the action lol

Id just learned how do to this too and then they take away my leverage. So im in the not happy camp on this especially IG.
  • #112
  • Aug 4, 2018 7:08am Aug 4, 2018 7:08am
Just sign up with a AUSTRALIAN/NEW ZEELAND broker there are many too choose from ore go for a unregulated broker....i am using a unregulated one with very low commision and spread with 400:1 leverage...PM me if interested....Because if the charge you 5 dollars a lot+0.5 spread thats a total of 10 dollars too open a trade on 1 standard lot and a 100 dollars too open a 10 lot and thats way too much....
You win some you loose some do both with peace of mind
  • #113
  • Aug 4, 2018 7:55am Aug 4, 2018 7:55am
Does anyone switched to PRO account...like me?
Instagram - FX_ELITE_Europe | In Search of #BIG_R | Need No Small Pips
  • #114
  • Aug 4, 2018 8:19am Aug 4, 2018 8:19am
Quoting staassis
{quote} @leweg1, could you elaborate on your statement above please?... Based on my research of 3 years ago, all brokers charge 2-4% on either PayPal deposits or (most likely) withdrawals. Has that changed? Does the money go between PayPal and IC Markets freely? Certainly, beasts like AVA Trade do charge. They told me: "Yes, we charge that percentage but, if you are a clever trader, you will make it back. Currently, opportunities in GBP/USD are good." They literally said that.
sorry for late reply.

as far as i'm aware its commission free.

I requested 3000GBP in the client portal of IC Markets (via PayPal)

received 3000GBP in my PayPal wallet,

3000GBP deposited into my bank account.

so yea moves freely

Leweg1
  • #115
  • Aug 4, 2018 8:26am Aug 4, 2018 8:26am
i.work.fibo..is.good
1/400
  • #116
  • Aug 4, 2018 8:45am Aug 4, 2018 8:45am
Quoting Maxjoy
Does anyone switched to PRO account...like me?
Witch broker gave you å pro account??
You win some you loose some do both with peace of mind
  • #117
  • Aug 4, 2018 9:17am Aug 4, 2018 9:17am
Quoting coderr
i.work.fibo..is.good 1/400
Fibo doesnt have leverage restrictions...What are commision/spreads on EUR/USD??
You win some you loose some do both with peace of mind
  • #118
  • Aug 4, 2018 2:48pm Aug 4, 2018 2:48pm
Quoting magne999
{quote} Witch broker gave you å pro account??
Benchmark
Instagram - FX_ELITE_Europe | In Search of #BIG_R | Need No Small Pips
  • #119
  • Aug 4, 2018 3:08pm Aug 4, 2018 3:08pm
Quoting magne999
{quote} Fibo doesnt have leverage restrictions...What are commision/spreads on EUR/USD??
ndd..and..ndd..commission
1/400
commission.7$
spreads..0.4eurusd...and..max.2pips--eurcad-gbpjpy
  • #120
  • Aug 5, 2018 1:51am Aug 5, 2018 1:51am
Quoting fxwisdom
Can I just point out to any novice traders that when you read that there are other non UK based spreadbetting companies you can join offering 1:500+ leverage this does not always mean you should jump to them. Brokers are very clever and never want to lose. To do this they dream up many ways to wipe your account out. One of the key ones is after hours trading, some change their spread on the DAX from 1 point to 8 points or more. This means if you have placed stop losses during the period it was a 1 point spread then during the night you will wake...
I have Spread Betting account with ADS Securities London with 1:500 leverage.

I had received e-mails from ADS saying about esma changing the leverage of their ECN and standard accounts but nothing about spread betting.

They said nothing about "going pro" or anything of that nature, not even a call from my account manager.

So maybe contact them fxwisdom see what the say?
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