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ESMA and its implication
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togr

Miembro desde Feb 22, 2011  4021 mensajes vontogr (togr) Jul 30 at 13:21
So it has started.
My ActivTrades account changed leverage from 1:500 to 1:30.

I like what I trade, I trade what I like
Kiara

Miembro desde May 15, 2018  5 mensajes Kiara (Kiara) Jul 31 at 10:25
niceGLer posted:
What will happen to forex rebate programs? Aren't they falling to the same category with bonuses, which will be prohibited by the new regulations?


That is a good question. I don't know about other brokers, but I am with USGFX, an Australian broker. And they have confirmed that leverage and rebate programm won't be affected.

niceGLer

Miembro desde Dec 28, 2013  52 mensajes niceGLer Aug 02 at 06:43
Thanks for the tip! I just hastily checked their web page, and it looks promising!

togr

Miembro desde Feb 22, 2011  4021 mensajes vontogr (togr) Aug 02 at 08:50
niceGLer posted:
Thanks for the tip! I just hastily checked their web page, and it looks promising!

I am managing some usgfx accounts. Seems to be solid broker.

I like what I trade, I trade what I like
Kiara

Miembro desde May 15, 2018  5 mensajes Kiara (Kiara) Aug 02 at 11:32
togr posted:
niceGLer posted:
Thanks for the tip! I just hastily checked their web page, and it looks promising!

I am managing some usgfx accounts. Seems to be solid broker.


I agree, btw are you using MAM account?

TiffanyK

Miembro desde Feb 12, 2016  427 mensajes Tiffany (TiffanyK) Aug 03 at 06:55
With these ESMA changes the Aussie brokers hit the jack pot... :)

Accept the loss as experience
niceGLer

Miembro desde Dec 28, 2013  52 mensajes niceGLer Aug 03 at 07:26
There is an article, which in my opinion, is pretty good.
Link follows:

https://www.forex-central.net/forum/viewtopic.php?id=2689


FrozenIcecream

Miembro desde Aug 03, 2018  8 mensajes FrozenIcecream Aug 05 at 05:46
TiffanyK posted:
With these ESMA changes the Aussie brokers hit the jack pot... :)


Can EU traders use Aussie brokers now or are they restricted?

ovisun

Miembro desde Jan 27, 2013  321 mensajes ovisun Aug 05 at 05:49 (editado a las Aug 05 at 05:54 )
If that Aussie broker has already an European branch, they have to redirect you to that branch, see Pepperstone and at that branch you'll be faced with ESMA and its restrictions.
So look for brokers without European branches, ask them before opening an account.
This automatic redirecting to European branches is valid for brokers all over the world, not only Aussie brokers.

MicF

Miembro desde Nov 26, 2016  72 mensajes MicF Aug 06 at 14:11
... as said before, Corespreads offered me to ransfer my account to their Aussie branch.

So this seems not to be valid for all.
Maybe the law isn't clear enough.

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