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ASIC Brokers will DIE ?
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apple1st

Member Since Sep 17, 2015  126 posts FXPIP ONE (apple1st) Jun 10 2019 at 21:42 (edited Jun 10 2019 at 21:43 )
There's a lot happening in Australia since ASIC started to collect data from the brokers since april. 2 australian brokers have already cancelled their business with oversea clients completely. Maybe more will follow in the next weeks. And there are a lot of rumors surfacing that ASIC might start to go down the route of ESMA and impose leverage restrictions
....I would wait until end of june first in order to see if ASIC starts to make the same restrictions like ESMA or not.

togr

Member Since Feb 22, 2011  4804 posts vontogr (togr) Jun 11 2019 at 07:25
apple1st posted:
There's a lot happening in Australia since ASIC started to collect data from the brokers since april. 2 australian brokers have already cancelled their business with oversea clients completely. Maybe more will follow in the next weeks. And there are a lot of rumors surfacing that ASIC might start to go down the route of ESMA and impose leverage restrictions
....I would wait until end of june first in order to see if ASIC starts to make the same restrictions like ESMA or not.


Well that is horrible news for me
I rely on well regulated brokers in Australia with great trading conditions

stesens

Member Since May 29, 2018  11 posts stesens Jun 11 2019 at 07:26
can yu please mentio the 2 australian brokers have already cancelled their business with oversea clients ?

Enyinnaya

Member Since Jun 11, 2019  9 posts Enyinnaya Jun 11 2019 at 10:55
This is awful news. No one can make any money from Forex if we all have to use 1:20 leverage accounts. It will ruin the industry. What news source are you using to keep trade of ASIC developments?

apple1st

Member Since Sep 17, 2015  126 posts FXPIP ONE (apple1st) Jun 11 2019 at 16:36 (edited Jun 11 2019 at 16:37 )
will see next days at end of June...IcMarkets just canceled all my IB area with no reason....sad
To find good broker really hard today...all go to nonRegulated ...

Drazeer

Member Since Apr 30, 2016  4 posts Luciano Mogetta (Drazeer) Jun 12 2019 at 06:17
stesens posted:
can yu please mentio the 2 australian brokers have already cancelled their business with oversea clients ?

Pepperstone is one.

apple1st

Member Since Sep 17, 2015  126 posts FXPIP ONE (apple1st) Jun 12 2019 at 10:29
Drazeer posted:
stesens posted:
can yu please mentio the 2 australian brokers have already cancelled their business with oversea clients ?

Pepperstone is one.

Nice ( just wanted to join them...

parish

Member Since Nov 03, 2018  58 posts parish Jun 12 2019 at 11:33 (edited Jun 12 2019 at 11:36 )
apple1st posted:
will see next days at end of June...IcMarkets just canceled all my IB area with no reason....sad
To find good broker really hard today...all go to nonRegulated ...

 i am with broker fx choice.
 correct broker

i trade to make money not to be right
apple1st

Member Since Sep 17, 2015  126 posts FXPIP ONE (apple1st) Jun 12 2019 at 11:39
parish posted:
apple1st posted:
will see next days at end of June...IcMarkets just canceled all my IB area with no reason....sad
To find good broker really hard today...all go to nonRegulated ...

 i am with broker fx choice.
 correct broker

i very happy that its correct for you . for us not correct ... and we discuss there restrict of leverage and canceling business of Asic Brokers outside the Australia

parish

Member Since Nov 03, 2018  58 posts parish Jun 12 2019 at 11:43 (edited Jun 12 2019 at 11:47 )
apple1st posted:
parish posted:
apple1st posted:
will see next days at end of June...IcMarkets just canceled all my IB area with no reason....sad
To find good broker really hard today...all go to nonRegulated ...

 i am with broker fx choice.
 correct broker

i very happy that its correct for you . for us not correct ... and we discuss there restrict of leverage and canceling business of Asic Brokers outside the Australia

for wat does it stands Asic ?
i am in europe
but trade with a vpn maskering ip adres en my trades info cool

i trade to make money not to be right
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