ESMA and its implication
Member Since Jul 23, 2018
100 posts
Sep 12, 2018 at 06:18
emotionaltrader posted:
I JUST WANT TO SAY A MASSIVE THANK YOU TO ESMA FOR ALL THE CONCERN THEY'VE SHOWN FOR MY FINANCIAL WELFARE!!! …...Saved me a fortune in my electricity bill, more than I could earn under these stupid leverage restrictions anyway!!!
Member Since Jul 23, 2018
100 posts
Sep 19, 2018 at 20:01
Anybody made their first million under the new leverage restrictions?
Member Since May 23, 2018
13 posts
Sep 20, 2018 at 09:57
emotionaltrader posted:I am currently working on my 3rd million since the ESMA rules were enacted.
Anybody made their first million under the new leverage restrictions?
P.S - It did't work out with the first two.
Member Since Feb 22, 2011
4862 posts
Sep 23, 2018 at 06:35
niceGLer posted:emotionaltrader posted:
Cos you're talking £3 a day that's £24 per week that is IF AND A BIG IF all your trades go in your favour. That's hardly enough to make a living from.
You'd have to be winning 100% of the time!!!
Before you could start a small trading account with £100 and turn that into £400 @ 500:1 leverage within minutes, hours, within a day. At least at the end of the day you had the option whether to take profit or not.
I don't claim that it is possible to make living with a couple of hundred dollars or pounds. Maybe you had a different strategy than I. I am relying on compounding effect. Yes, the strategy used should have a high winrate.
so show us your results
Member Since Aug 27, 2017
994 posts
Sep 23, 2018 at 06:51
Pipperidge posted:emotionaltrader posted:I am currently working on my 3rd million since the ESMA rules were enacted.
Anybody made their first million under the new leverage restrictions?
P.S - It did't work out with the first two.
Hello, what did you mean by 3rd million? Is that any name of trading indicator? Or anything else?
keeping patience.......
Member Since Jul 23, 2018
100 posts
Sep 23, 2018 at 06:58
ESMA 3 Month Trial Period Time is Running Out - Time to make a decision!!!
Bring back the old leverages and include everyone not just the few!!!
Bring back the old leverages and include everyone not just the few!!!
Member Since Jul 23, 2018
100 posts
Sep 25, 2018 at 07:47
Basically all ESMA and other regulatory bodies have done is stop people on lower incomes from trading the financial markets, in my opinion that is CLASS DISCRIMINATION & A BREACH OF EQUAL OPPORTUNITIES!!!
ONE RULE FOR THE RICH FEW AND ANOTHER FOR EVERYBODY ELSE!!! EVERYBODY ELSE!!!
ONE RULE FOR THE RICH FEW AND ANOTHER FOR EVERYBODY ELSE!!! EVERYBODY ELSE!!!
Member Since Sep 06, 2018
6 posts
Sep 25, 2018 at 08:03
Adribaasmet posted:I think he's being sarcasticPipperidge posted:emotionaltrader posted:I am currently working on my 3rd million since the ESMA rules were enacted.
Anybody made their first million under the new leverage restrictions?
P.S - It did't work out with the first two.
Hello, what did you mean by 3rd million? Is that any name of trading indicator? Or anything else?
Member Since May 23, 2018
13 posts
Sep 25, 2018 at 08:06
blackRichie posted:That's exactly correct. It was a joke.Adribaasmet posted:I think he's being sarcasticPipperidge posted:emotionaltrader posted:I am currently working on my 3rd million since the ESMA rules were enacted.
Anybody made their first million under the new leverage restrictions?
P.S - It did't work out with the first two.
Hello, what did you mean by 3rd million? Is that any name of trading indicator? Or anything else?
Member Since Feb 22, 2011
4862 posts
Sep 25, 2018 at 08:52
emotionaltrader posted:
ESMA 3 Month Trial Period Time is Running Out - Time to make a decision!!!
Bring back the old leverages and include everyone not just the few!!!
Nope.
Esma started 1st AUG for 3 months
So at least AUG, SEP, OCT ESMA will be with us.
https://www.esma.europa.eu/press-news/esma-news/esma-adopts-final-product-intervention-measures-cfds-and-binary-options
Sep 25, 2018 at 13:24
Last phrase from the link provided by togr is:
'Next steps
MiFIR gives ESMA the power to introduce temporary intervention measures on a three monthly basis. Before the end of the three months, ESMA will review the product intervention measures and consider the need to extend them for a further three months.'
In my opinion, at the end of October these measures will be extended for another three months, then after full 6 month will be made as permanent measures 'for the financial protection' of the European citizens.
'Next steps
MiFIR gives ESMA the power to introduce temporary intervention measures on a three monthly basis. Before the end of the three months, ESMA will review the product intervention measures and consider the need to extend them for a further three months.'
In my opinion, at the end of October these measures will be extended for another three months, then after full 6 month will be made as permanent measures 'for the financial protection' of the European citizens.
Member Since Jul 23, 2018
100 posts
Sep 25, 2018 at 14:08
Anybody think ESMA will change their mind? I'm not trading or analysing charts anymore and I'm bored silly and suffering withdrawal symptoms. Furthermore, I spent several years dedicating my time and energy to technical analysis and learning to trade. This is so UNFAIR!!!
PLEASE ESMA RESTORE THE OLD LEVERAGES!!!
PLEASE ESMA RESTORE THE OLD LEVERAGES!!!
Sep 25, 2018 at 14:26
emotionaltrader posted:
Anybody think ESMA will change their mind? I'm not trading or analysing charts anymore and I'm bored silly and suffering withdrawal symptoms. Furthermore, I spent several years dedicating my time and energy to technical analysis and learning to trade. This is so UNFAIR!!!
PLEASE ESMA RESTORE THE OLD LEVERAGES!!!
If you want desperately to use only european brokers, then Forex maybe is not for you anymore.
But some European brokers are already starting to offer to their customers the option to register outside Europe. I already received such an offer from XM, which until now was located only in Cyprus, now they have also 'XM Global' which is outside ESMA long arms reach.
Member Since Sep 19, 2018
27 posts
Sep 26, 2018 at 07:23
togr posted:
So ESMA started to mess up the trading in Europe earlier than expected.
Got this email today. It is 29th MAY and the email says it will be applied since 28th May :)
Dear Client,
We would like to inform you about a new leverage limitation for EU clients which came into effect starting 28th of May, 2018. The leverage for all the clients from the European Union has been reduced to 1:50.
Please note that this restriction applies to both current clients and newly registered customers. We recommend to consider updated conditions when opening new trades.
All changes are made in accordance with the requirement of the European Securities and Markets Authority (ESMA)
Thank you.
Best Regards,
ForexMart Team
As im sure someone else has told you the leverage is 1:30 for FX and various from 1:2 on Cryptos up to 1:12.5 on indices, BUT you can elect to become a pro client, by doing this you get 1:200 leverage again, but you are unable to go to the regulator and make a complaint.
SublimeMarkets on Facebook too
Member Since Jul 23, 2018
100 posts
Sep 26, 2018 at 07:28
How are these measures by ESMA protecting European Citizens? It's just an excuse by the elite rich few. Bunch of killjoys if you ask me. Haven't banned Sports Betting or Casinos!!!
It's unfair and unjust and there is no justification considering Negative Balance Protection was introduced!!!
It's unfair and unjust and there is no justification considering Negative Balance Protection was introduced!!!
Member Since Jul 23, 2018
100 posts
Sep 26, 2018 at 08:03
I really do hope ESMA restore the old leverages because I'm as good a manual trader as any Artificial Intelligence and my analysis is just as good.
Artificial Intelligence isn't the be all and end all!!!
Artificial Intelligence isn't the be all and end all!!!
Member Since Jul 23, 2018
100 posts
Sep 26, 2018 at 08:03
Just opened demo using old leverage 1:500 with £100 and making £25 already (10 mins)
Member Since Jul 23, 2018
100 posts
Sep 26, 2018 at 08:04
emotionaltrader a moment ago
Just opened demo using old leverage 1:500 with £100 and making £25 already (10 mins)
Wouldn't make that in a week/2 weeks under new leverage rates @ 1:30!!!
Just opened demo using old leverage 1:500 with £100 and making £25 already (10 mins)
Wouldn't make that in a week/2 weeks under new leverage rates @ 1:30!!!
Member Since Jul 23, 2018
100 posts
Sep 26, 2018 at 08:05
Some people just don't get it. You need £500,000 to trade at higher rates of leverage, to be considered a professional trader. I haven't got £500,000, I haven't got £500. This is why the system is unfair, because only those with thousands of £'s to spare are going to make money.
It's a rich mans game now and people like myself have no chance of making a living from it. Could make more putting your money in an ISA!!!
It's a rich mans game now and people like myself have no chance of making a living from it. Could make more putting your money in an ISA!!!
Member Since Feb 22, 2011
4862 posts
Oct 09, 2018 at 14:13
Check these accounts with low leverage
https://www.myfxbook.com/members/PipvilletownBoss/pipville/2625434
https://www.myfxbook.com/members/pengxianyao/main-haststoch/2418118
https://www.myfxbook.com/members/joshuaD/bag/2570876
https://www.myfxbook.com/members/silent_trader/silent-trader-3/2588442
Do you see any account protection here?
I dont
https://www.myfxbook.com/members/PipvilletownBoss/pipville/2625434
https://www.myfxbook.com/members/pengxianyao/main-haststoch/2418118
https://www.myfxbook.com/members/joshuaD/bag/2570876
https://www.myfxbook.com/members/silent_trader/silent-trader-3/2588442
Do you see any account protection here?
I dont
