Jump to content
  • 0
Sign in to follow this  

FCA and ESMA crackdown

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.

 

Share this post


Link to post

9 answers to this question

Recommended Posts

  • 0

   Most of the MiFID changes went through with the new IG 'Terms ans Conditions Agreement' I think we are still waiting on ruling regarding the decreased leverage (increased margin) which was proposed before consultation.

Share this post


Link to post
  • 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

 

 

Share this post


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..

Share this post


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

Share this post


Link to post
  • 0

"CFDs that will be subject to the restrictions are any derivative other than an option, future, swap"

 

 

Are traded options included or excluded?

Share this post


Link to post
  • 0


 wrote:

"CFDs that will be subject to the restrictions are any derivative other than an option, future, swap"

 

Are traded options included or excluded?

They would be included. 

Share this post


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
You are posting as a guest. If you have an account, please sign in.
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.

Sign in to follow this  

  • Member Statistics

    • Total Topics
      12,742
    • Total Posts
      65,414
    • Total Members
      86,174
    Newest Member
    martyn88
    Joined 20/10/20 18:45
  • Posts

    • this probably should have been ignored, but IMHO it was a new low.  obviously jlz tried to help someone here, and referred to others to add emphasis to a point.  I'm writing this because I actually asked for support in my earlier response, and I'm very pleased I'm not the only one who reacted to this post thoughtfully, so I think it would be pretty weak if I didn't speak up here. That may make me look ridiculous, and like my tongue is now travelling through a bunch of cracks, but I don't give a **** (like I think you would not either).    I'm actually surprised that you @dmedin  left it to this statement - usually you're significantly more effective in warning people of the hazards we face as retail punters IMHO - I think you definitely had stronger moments. you know what I would find useful:  having a separate, focused thread for insults  - I'm sure by now the respective targets wouldn't mind (to not again say not give a ****), and other discussions could become - let's say "leaner". I genuinely think I got a lot of valuable insights from many of your posts here, and I highly appreciate the honest feedback, and I also believe you have good intentions. I don't know about any history between you, jlz, THT, and Caseynotes.  I further think you play an important role here in this forum and I look forward to more productive discussions with you. But the post quoted above was a new low.     
    • Wall Street holding up still 🤔  
    • I'd given up on Dax but here it comes!  
×
×