Jump to content
  • 0

FCA and ESMA crackdown


spiderman

Question

Hello

 

I have heard about the EU proposals on a crackdown in the spread betting markets recently, but can anyone tell me how exactly this would impact on a retail trader like myself. I have made a small amount of money trading indices and forex over the past 2 years.

 

Would I have to increase my account to keep old trades (that are in profit) open?

Is it all markets that will be affected or just digital 100's etc?

Will it only affect new positions which will be opened when the new rules come in to force.

 

Link to post

9 answers to this question

Recommended Posts

  • 0

May already have happened as IG has changed the margin requirements for many markets over the last 3 or 4 months as well as offering a professional category to clients which includes a better margin level than the new normal retail level. Certainly the date for implementation of MiFID II has just past (3rd Jan).

 

There is a Q & A  pdf paper on changes here.

 

https://www.esma.europa.eu/sites/default/files/library/esma35-43-349_mifid_ii_qas_on_investor_protection_topics.pdf

 

 

Link to post
  • 0

Hi spider-Man did your questions Answered. give me a shout discuss our next choices and options to keep trading.

 

I have been trading with IG for about a year and a half all is going well it looks like we might have to find another broker is not connected to the European with this ridiculous margin increase okay be good to hear from you Trev..

Link to post
  • 0

" The restriction only applies to cash-settled CFDs (or those which may be settled in cash at the option of one of the parties other than by reason of default or other termination event). ESMA has confirmed that warrants and turbo certificates are not in scope, despite their similarities with CFDs. Conversely, securitized derivatives that are CFDs would be in scope were any to be issued (ESMA is not currently aware of any)."

 

https://finreg.shearman.com/european-securities-and-markets-authority-confirm

Link to post

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Answer this question...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • General Statistics

    • Total Topics
      15,433
    • Total Posts
      73,993
    • Total Members
      62,369
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    jaloldean
    Joined 19/06/21 02:00
  • Posts

    • This weekend don't forget the rules to SAVE LIVES!!!!!   ... unless of course you happen to be going to Ascot 👍
    • Looks like it's a flat squib affair for the SP500 - I'm away early next week, but I'd give this until Tuesday (max 3 weeks after the physical date) to do something otherwise I'm marking it down as a failure Which is not bad, out of all the TC's this one is the one to be most concerned won't work, especially during an UP Bullish major cycle, which is what we are in, but the expectation was for the market to react as per May 2012 as shown on the Internal cycle harmonic chart in the post directly above So unless we get a 7%+ correction from the highs next week - I'll simply log this as failed - remember we trade the market NOT the Time Cycle  The small correction into the actual date is NOT good enough to say that was it! - We should be able to see these corrections/upswings clearly on a monthly chart, which means they should be of significance I'll hold off publishing the next Time Cycle just in case something happens next week SP500 Index Daily Chart: data to Thursday 17th June 2021
    • and Gold Puked at 10 year resistance line  
×
×
  • Create New...