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Thread: Breaking: ESMA finalizes new rules to govern leveraged trading

  1. #11
    Quote Originally Posted by ;
    You missed the point. All I said is a CFD currency is not present. Every tradingsoftware I considered so far shows currencies beneath (place) Currency Market rather than beneath CFD. It could be funny if this alone could break the whole choice.
    You will find indeed CFD currencies in the world and you can exchange them on IG and many other fca controlled brokers.

    I used to exchange them once.

    ESMA's choice is clear. New leverage limitations will be implemented to CFD products.

    I asked LMAX plus they stated current leverage for Fx won't be changed.

    Just ask your broker. You're going to find the exact same answer.

  2. #12
    Quote Originally Posted by ;
    quote You will find indeed CFD currencies. You can exchange them. The decision of ESMA is clear. New leverage limitations will be applied to CFD products. I asked LMAX and they stated current leverage for fx will not be changed. Simply ask your broker. You're going to find the exact same answer.
    Awesome! This piece of information needs to be spread anywhere!

  3. #13
    I tend to agree with Drolph.

    CFD is a phrase used for all tradings where you don't have the underlying resources. ESMA or FCA will not specifically mentioned Forex or Oil or DAX30 etc which you may trade in MT4.

  4. #14
    It will be implemented to spot FX. You are misguided.

    Quote Originally Posted by ;
    quote Poundtrader is right. New restrictions will simply be applied to CFD products. Https://www.leaprate.com/forex/regul...-earnings/?amp The constraints to be implemented to CFDs are: Leverage limits on the opening of a position with a retail customer from 30:1 to 2:1, which fluctuate based on the volatility of the underlying asset: -- 30:1 for major currency pairs; -- 20:1 for non-major currency pairs, gold and major equity indices; -- 10:1 for commodities besides...

  5. #15
    It is ambiguous but all forms of retail spreadbetting and FX trading needs to (for the purpose of the statement) be considered as CFDs.

    Quote Originally Posted by ;
    I tend to agree with Drolph. CFD is a term used for the majority of tradings in which you do not have the assets. FCA or ESMA is not specifically mentioned Forex or Oil or DAX30 etc that you may trade in MT4.

  6. #16
    Quote Originally Posted by ;
    Nonsense, it will be implemented to spot FX. You're misguided. quote
    I exchange using 7 (yes seven) different FX brokers for the moment - not a single bulletin email from these. Some of the accounts are amount. If this is a major small business breakdown law - I am sure emails would be swarmed with warnings and guie. As what occurred throughout the franc event in 2015.

    I presume you just use every occasion to express some opinion against retail trading.

  7. #17
    Quote Originally Posted by ;
    either way the men and women who control the central banks hate retail spot Foreign Exchange traders, they would like to prohibit spot Foreign Exchange
    Why would they have an issue with retail spot Foreign Exchange?

  8. #18
    Thus 30/1 leverage.

    That's 3 lots limit for each $10,000 account balance?
    3 minilots for each $1000?

    That seems like a lot to me.

  9. #19
    Quote Originally Posted by ;
    So 30/1 leverage. That's 3 lots limit for each $10,000 account balance? 3 minilots for each $1000? That's seems like a lot to me.
    I completely agree. I would not be impacted by a move to 30/1 at all although I use 50/1.

  10. #20
    Brokers don't report to ESMA, they simply report to every nation's regulator.
    Esma information will be digested by every nation's regulator, who will send this information the brokers within their jurisdiction.
    The brokers after a few protests, will then send information that the traders/customers, as soon as they determine that their protests are fruitless.


    You have to ask yourself the purpose of ESMA limitation on leverage. This is to protect traders, which means there is no explanation as to why they will exit a tool (Currency Market) but goal others.

    I hope I am wrong, but that is the way regulators work.

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