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LyudmilLukanov
Oct 30 2020 at 08:02
251 件の投稿
VladPo posted:
247mm posted:
How can smaller leverage cause more losses for traders? Makes no sense. Big leverage is good for shady brokers...it only takes 10 pips to blow up an account at 1:1000 leverage or 20 pips at 1:500 leverage, when using it all, and such brokers have no problem to increase the spread to even 50 pips for a second, to do exactly that.


Exactly like this: retail traders goes to offshore forex brokers with high leverage - which usually a bucket shop. So traders loses their money.

I wish usual leverage 1:500 for FCA UK brokers could be restored for retail traders as soon as possible.
But it will unlikely to happen in 2020 as I see from the FCA response in the other comment here 😞

UK is in Brexit transaction period right now. It will end in 2020. After that, hope we will see some change.

Mitchelsantner
Dec 02 2020 at 09:27
32 件の投稿
If you are using a reliable broker, you don’t have to worry about leverage limits.

emotionaltrader
Dec 02 2020 at 10:02
99 件の投稿
Mitchelsantner. YES YOU DO! UNLESS THINGS HAVE CHANGED! YOU MUST BE TALKING ABOUT USING A RELIABLE BROKER IN AUSTRALIA OR NEW ZEALAND, BUT NOT IN THE UNITED KINGDOM.

IT'S AGES SINCE I'VE TRADED, BECAUSE IT IS NOT WORTH TRADING IF YOU ARE RESTRICTED 1:100 LEVERAGE! I'M NOT GOING TO SIT ON TRADES FOR DAYS, WEEKS, MONTHS TO MAKE ANY PROFIT!

AT ONE TIME YOU COULD QUADRUPLE £100 IN SECONDS. NOT ANYMORE. UNLESS AFTER BREXIT THINGS CHANGE!

YOU HAVE TO BE RICH TO BE ABLE TO TRADE WITH HIGHER LEVERAGES IN THIS COUNTRY!


garrychristians
Dec 24 2020 at 04:31
31 件の投稿
I think that they might not go up that much or even a bit once everything is done. It can also go back to how it was in the first place.

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