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Thread: Strategy regarding ESMA

  1. #1
    Hello guys,

    I need some advices / viewpoints in my situation regarding future ESMA regulation.

    I've a really good performing egy that I am using in live since 2016. It works well, but merely on BO. The main reason is really straightforward: that egy have a higher probability (on brief term) positive return with an extremely low expected return in pips. That means BO benefit from opportunities while conventional forex is eatten by spread. I tried to use on fx and that collapsed.

    Regarding ESMA (for wich I am concerned), I will soon not have the ability to exchange BO anymore.
    I fill just 1 of 3 criterias (professional expertise) of ESMA for pro egorization.

    Therefore my solutions for keep trading this egy would be :
    -Make quantity for quantity (yes, absurd) on fx to fulfill another ESMA criteria and become pro next year. But I must wait 1 year for another law keeping me.
    -Loe some cash to fill the 500k criteria (seems difficult )
    -To proceed on a different country not concerned by ESMA, however I lost my job, and also regulation could change anywhere, and also egy could die etc., risky
    -Selling that egy to folks who can actually trade it, but risking to kill it and earn much less money. And I will not trading...

    (Nadex is not a solution because of insufficient assets and also slow plateform ; offshore scamming brokers neither).

    What are you ideas about this?

  2. #2

  3. #3
    Quote Originally Posted by ;
    Google australian Currency Market brokers?
    200$ limitation? Reliability? Nope

  4. #4
    Quote Originally Posted by ;
    quote 200$ limitation? Reliability? Nope
    If you are frightened more about australian brokers than BO bullshit itself - there will be no solution that's right for you, sorry.

  5. #5
    Quote Originally Posted by ;
    quote In case you are frightened more about australian brokers than BO bullshit itself - there is not going to be a solution that's right for you, sorry.
    I am more fearful about australian brokers with reverses testimonials that I never exchange with than well understand UK brokers with I never have any difficulty.

  6. #6
    Quote Originally Posted by ;
    Hello guys, I need some advices / perspectives in my situation concerning future ESMA regulation. I have a very good acting egy that I am using in live since 2016. It functions on BO. The main reason is really straightforward: this egy have a higher probability (on brief term) positive yield with a very low expected return in pips. That means BO takes advantage of opportunities while traditional forex is eatten by spread. I tried to use on fx and that collapsed. Seeing ESMA (for wich I am concerned), I will not be able...
    do have to have particular standards together with the new rules?i believed they just killed the leverage

  7. #7
    Quote Originally Posted by ;
    quote I'm more scared about australian brokers with negatives testimonials that I never exchange with than well know UK brokers with I have no difficulty.
    Then leave the negative ones behind and concentrate on the other candidates. Exactly the same with negative reviews. .


    Quote Originally Posted by ;
    quote do need to have particular criteria with the new rules?i thought they killed the leverage
    https://www.esma.europa.eu/press-new...tail-investors

  8. #8
    Quote Originally Posted by ;
    quote Then depart the unwanted ones behind and concentrate on the other candidates. The same having negative reviews. . quote https://www.esma.europa.eu/press-new...tail-investors
    sorry but I dont find where they say I need to have certain criterias to trade only the restriction of leverage

  9. #9
    Quote Originally Posted by ;
    quote sorry but I dont see where they say I have to have specific criterias to trade just the limitation of leverage
    Are you serious? It is written in bold letters in the headline:

    ESMA AGREES TO PROHIBIT BINARY OPTIONS

    So unless you are a professional trader, you will not have the ability to exchange them.

  10. #10
    Quote Originally Posted by ;
    quote Are you really serious? It is written in bold letters in the headline: ESMA AGREES TO PROHIBIT BINARY OPTIONS Therefore unless you are a professional trader, you will not have the ability to exchange them.
    Ohh sorry I dont care about binaries I thought that u need to have any standards like 1 year favorable trading and things like that to continue trading forex

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