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ASIC leverage down

Mitchelsantner
Jan 20 at 11:44
34 ieraksti
Justin990 posted:
Any idea on how much ASIC has restricted the leverage down to?

The ASIC has restricted leverage to 30:1 for the major currency pairs and 20:1 for minor currency pairs. These regulations will affect the people trading in CFDs and not the regular forex traders. We have to understand that there is a difference between regular trading and leverage CFD trading. If you are simply trading currency pairs then these regulations will not affect you as a trader.

Gareylinn509
Jan 20 at 13:24
34 ieraksti
Going offshore seems to be the best thing to do now!

Harshalgibbs
Jan 21 at 04:10
54 ieraksti
Gareylinn509 posted:
Going offshore seems to be the best thing to do now!

Yeah, glad I am already there. After being finicky about it for so many years I finally got going with offshore brokers.

Gareylinn509
Jan 21 at 12:31
34 ieraksti
Harshalgibbs posted:
Gareylinn509 posted:
Going offshore seems to be the best thing to do now!

Yeah, glad I am already there. After being finicky about it for so many years I finally got going with offshore brokers.

I am yet to get on that bandwagon but very serious on opening 1 demo account with any 1 offshore broker and test them out for myself now.

Harshalgibbs
Jan 22 at 04:54
54 ieraksti
Gareylinn509 posted:
Harshalgibbs posted:
Gareylinn509 posted:
Going offshore seems to be the best thing to do now!

Yeah, glad I am already there. After being finicky about it for so many years I finally got going with offshore brokers.

I am yet to get on that bandwagon but very serious on opening 1 demo account with any 1 offshore broker and test them out for myself now.

Yup! Demo is the way to check things out.

michaelbai (michaelbai)
Jan 22 at 05:40
33 ieraksti
Yea, for complete newbies its best to start with some high regulated broker like NFA, ASIC, or FCA. Stay away from brokers with multiple regulators, stay away from tax havens, and stay away from offshore brokers. Those who have more experience can consider some of the offshore brokers, which at the end of the day, only those with experience should be trading with higher leverage.

Take Challenges Head On
Mitchelsantner
Jan 22 at 09:39
34 ieraksti
Gareylinn509 posted:
Harshalgibbs posted:
Gareylinn509 posted:
Going offshore seems to be the best thing to do now!

Yeah, glad I am already there. After being finicky about it for so many years I finally got going with offshore brokers.

I am yet to get on that bandwagon but very serious on opening 1 demo account with any 1 offshore broker and test them out for myself now.

In my opinion as long as a broker is regulated it doesn’t matter where it’s headquartered. If it’s giving you the trading conditions you require, then just go for it. I am a full time scalper and for me low spreads mean everything in trading. 0 pips spreads and low commission rates of forex4you and fxview suit me well.

Gareylinn509
Jan 22 at 11:25
34 ieraksti
Harshalgibbs posted:
Gareylinn509 posted:
Harshalgibbs posted:
Gareylinn509 posted:
Going offshore seems to be the best thing to do now!

Yeah, glad I am already there. After being finicky about it for so many years I finally got going with offshore brokers.

I am yet to get on that bandwagon but very serious on opening 1 demo account with any 1 offshore broker and test them out for myself now.

Yup! Demo is the way to check things out.

I get ya :)

momo3HC
Jan 26 at 21:00
164 ieraksti
togr posted:
Hi guys,

I got message from multiple Australian brokers.

They are going to cripple leverage the same way ESMA did.

So decrease to 1:30.

What are you going to do?

Changing the broker.

LeviSievwright5
Jan 27 at 00:45
298 ieraksti
Leverage protects so it is very important to always choose the right leverage.

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