
Jun 10 2019 at 21:42
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.
....I would wait until end of june first in order to see if ASIC starts to make the same restrictions like ESMA or not.
vontogr
(togr)
Membre depuis Feb 22, 2011
posts 4862
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

Jun 11 2019 at 07:26
can yu please mentio the 2 australian brokers have already cancelled their business with oversea clients ?
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?

Jun 11 2019 at 16:36
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 ...
To find good broker really hard today...all go to nonRegulated ...
Luciano Mogetta
(Drazeer)
Membre depuis Apr 30, 2016
posts 4
Jun 12 2019 at 06:17
stesens posted:Pepperstone is one.
can yu please mentio the 2 australian brokers have already cancelled their business with oversea clients ?

Jun 12 2019 at 10:29
Drazeer posted:Nice ( just wanted to join them...stesens posted:Pepperstone is one.
can yu please mentio the 2 australian brokers have already cancelled their business with oversea clients ?
apple1st posted:i am with broker fx choice.
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 ...
correct broker
i trade to make money not to be right

Jun 12 2019 at 11:39
parish posted: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 Australiaapple1st posted:i am with broker fx choice.
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 ...
correct broker
apple1st posted:for wat does it stands Asic ?parish posted: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 Australiaapple1st posted:i am with broker fx choice.
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 ...
correct broker
i am in europe
but trade with a vpn maskering ip adres en my trades info 😎
i trade to make money not to be right

Jun 12 2019 at 11:54
parish posted:for your pasport you can have 30 leverage. your broker FXChoise give you 1:200 max.apple1st posted:for wat does it stands Asic ?parish posted: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 Australiaapple1st posted:i am with broker fx choice.
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 ...
correct broker
i am in europe
but trade with a vpn maskering ip adres en my trades info 😎
ASIC brokers provide 1:500 and we like it and know how to use.

Jun 12 2019 at 11:54
apple1st posted:parish posted:for your pasport you can have 30 leverage max officially, because you from Eur. your broker FXChoise give you 1:200 max.apple1st posted:for wat does it stands Asic ?parish posted: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 Australiaapple1st posted:i am with broker fx choice.
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 ...
correct broker
i am in europe
but trade with a vpn maskering ip adres en my trades info 😎
ASIC brokers provide 1:500 and we like it and know how to use.
apple1st posted:ok did not know that .parish posted:for your pasport you can have 30 leverage. your broker FXChoise give you 1:200 max.apple1st posted:for wat does it stands Asic ?parish posted: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 Australiaapple1st posted:i am with broker fx choice.
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 ...
correct broker
i am in europe
but trade with a vpn maskering ip adres en my trades info 😎
ASIC brokers provide 1:500 and we like it and know how to use.
i trade to make money not to be right
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 ...
If this drives everyone to unregulated brokers then it will be a disaster for many traders. It will turn Forex into the wild west. There are finally a group of good regulated brokers but these leverage restrictions will now push beginners into the hands of scam brokers

Jun 12 2019 at 12:47
apple1st posted:
2 australian brokers have already cancelled their business with oversea clients completely. .
What does this mean really? I am with Pepperstone

Jun 12 2019 at 16:36
stesens posted:ask pepperstonapple1st posted:
2 australian brokers have already cancelled their business with oversea clients completely. .
What does this mean really? I am with Pepperstone

Jun 12 2019 at 16:36
ChillBro posted:i think we all go to nonregulated brokers and they will do with us whatever they wantapple1st 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 ...
If this drives everyone to unregulated brokers then it will be a disaster for many traders. It will turn Forex into the wild west. There are finally a group of good regulated brokers but these leverage restrictions will now push beginners into the hands of scam brokers
Making a deposit with a nonregulated broker is like transferring your money to a complete stranger in a different country. No hope of getting that back even if you ask really nicely!
Well.. this is not exactly true. I am from EU and Im registered with IC Markets for a few months.. I did not notice any negative changes. All works like usual. Ans I had a conversation with IC Markets agent today who confirmed my words. Read on our conversation below:
Mario 19:14
Hello Mark. How may I help you?
Mark 19:16
Hi there
Mario 19:16
hi
Mark 19:17
I would like to know more about the disputes between ASIC regulator and IC Markets. I know that they have requested you to stop providing services for EU customers... etc
Please provide as much info as possible on this
Mario 19:18
' You’ll be able to continue trading with IC Markets or within the IC Markets group of companies. IC Markets is licensed in Australia, Europe and several offshore jurisdictions.
Your experience will be the same and you’ll be able to enjoy the same trading conditions, deposit and withdraw options, customer service, leverage and so on.'
Mark 19:21
Nice to hear. Could you comment the official IC Markets position on that ASIC request made to all brokers this April.
Mario 19:21
'IC Markets is aware of the media release from ASIC concerning Chinese and European nationals trading with ASIC regulated brokers. IC Markets (Australia) does not provide financial services from China or Europe. IC Markets (Australia) operates and provides financial services from Australia only. The IC Markets group is licensed in Australia, Europe and several offshore jurisdictions to conduct financial services and does not operate in jurisdictions where we are not regulated.
IC Markets will comply with any measures introduced by ASIC. At this stage, ASIC has not issued a directive or notice to IC Markets in relation to the media release.
For the existing and new clients, should there be any changes in the near future, we'll be sure to keep them all updated.'
Mark 19:24
Ok, thank you. Just to confirm that I am from UK and I can stay confident within IC Markets, and all services you provide including a high leverage of 200+ will continue to be provided as before?
Mario 19:24
yes
Mark 19:28
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