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ESMA and its implication
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togr

Członek od Feb 22, 2011  3860 postów 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

Członek od May 15, 2018  5 postów 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

Członek od Dec 28, 2013  22 postów niceGLer Aug 02 at 06:43
Thanks for the tip! I just hastily checked their web page, and it looks promising!

togr

Członek od Feb 22, 2011  3860 postów 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

Członek od May 15, 2018  5 postów 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

Członek od Feb 12, 2016  407 postów Tiffany (TiffanyK) Aug 03 at 06:55
With these ESMA changes the Aussie brokers hit the jack pot... :)

Accept the loss as experience
niceGLer

Członek od Dec 28, 2013  22 postów 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

Członek od Aug 03, 2018  5 postów 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

Członek od Jan 27, 2013  301 postów ovisun Aug 05 at 05:49 (zmieniany 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

Członek od Nov 26, 2016  70 postów 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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