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ESMA and its implication

vontogr (togr)
Jul 30 2018 at 13:21
4862 postów
So it has started.
My ActivTrades account changed leverage from 1:500 to 1:30.

Kiara (Kiara)
Jul 31 2018 at 10:25
5 postów
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
Aug 02 2018 at 06:43
165 postów
Thanks for the tip! I just hastily checked their web page, and it looks promising!

vontogr (togr)
Aug 02 2018 at 08:50
4862 postów
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.

Kiara (Kiara)
Aug 02 2018 at 11:32
5 postów
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?

Tiffany (TiffanyK)
Aug 03 2018 at 06:55
427 postów
With these ESMA changes the Aussie brokers hit the jack pot... :)

Accept the loss as experience
niceGLer
Aug 03 2018 at 07:26
165 postów
There is an article, which in my opinion, is pretty good.
Link follows:

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


FrozenIcecream
Aug 05 2018 at 05:46
8 postów
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
Aug 05 2018 at 05:49
428 postów
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
Aug 06 2018 at 14:11
95 postów
... 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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