Now that we're all being treated like children who can't be trusted to make our own decisions. . . . .

[DavidUK84]

. . . . . .does anyone know if there's any way get around the imminent ban on trading crypto assets?

I've been quite succesfully using the Crypto 10 index as I was reluctant to pile everything into a single cryptocurrency that may or may not see widespread adoption. Does anyone know if there's anyway for a UK resident now to trade these assets other than buying them directly? (I'm not eligible for "professional" status).

 

 

Oh and if anyone from the FCA ever reads this - reign in your egos and stop treating adults like children. All you ever do is make my life more difficult.

[Kodiak]

Maybe they should ban trading Tesla also?

https://www.cmegroup.com/trading/equity-index/us-index/bitcoin_quotes_globex.html?optionProductId=8875&optionExpiration=8875-Z0

 

Edited December 10, 2020 by Kodiak

[Kodiak]

I fear they also will do something about retail trading options on stocks?

 

 

 

[jlz]

3 hours ago, DavidUK84 said:

. . . . . .does anyone know if there's any way get around the imminent ban on trading crypto assets?

I've been quite succesfully using the Crypto 10 index as I was reluctant to pile everything into a single cryptocurrency that may or may not see widespread adoption. Does anyone know if there's anyway for a UK resident now to trade these assets other than buying them directly? (I'm not eligible for "professional" status).

 

 

Oh and if anyone from the FCA ever reads this - reign in your egos and stop treating adults like children. All you ever do is make my life more difficult.

The Crypto 10 index shows a spread range between 30 to 40 points plus a margin factor of 50%!!

Are you not better trading another index? 

I hardly see the point of trading that crypto index when there are much cheaper options available. 

What makes that crypto index that interesting?

[DavidUK84]

2 hours ago, jlz said:

Are you not better trading another index? 

Possibly. I can't see the future. But I've had good results with that index recently, and I think it's a technology with no where to go but up over the long term.

 

I agree the margin being asked is eye-watering, but I'll take that over not being allowed to trade it at all.

[u0362565]

I don't really understand the all out ban. Why not just regulate more. For example force people to start on demo. They have to prove profitability over a set period of time on that. If they do that they can open a live account but can only deposit a small amount e.g £5k if they make money over a period of time lift restrictions and let them do what they want. If they go to zero take them back to demo or stop them completely on that particular platform. A ban just seems like a lazy option as it costs to build a structure like this and manage it.

[u0362565]

Also I hope other markets aren't soon to follow!

[TheGuru12]

22 hours ago, Kodiak said:

I fear they also will do something about retail trading options on stocks?

 

 

 

How founded are those fears? I really hope not also.