Jump to content

Recommended Posts

Summary of IG's annual report with some interesting news on a upcoming but as yet undisclosed new range of CFD products post ESMA.

https://www.financemagnates.com/forex/brokers/us-expansion-and-offshore-clients-3-key-points-in-ig-groups-annual-report/

For those poor plebeians, unable to meet the requirements needed to reclassify as a professional, there is hope yet. IG Group will enable them to contract with their other entities, outside of the European Union, which aren’t subject to those pesky ESMA rules.

If they don’t want to leave the regulatory confines of the Old Continent, clients will also be able to trade in a range of new CFDs. IG Group did not reveal exactly what these CFDs will be in, only that they are going to be compliant with ESMA’s new regulations.

Edited by Caseynotes
  • Like 1
Link to comment

There have been many discussions but you would probably not be too surprised  @TrendFollower  that many aren't interested in risk management and expect to burn out their first 2 or 3 accounts before hitting the jackpot, after all that's how the instagram jockeys did it, so they claim. 

It's interesting how little separates  SB and CFD and easy to see why esma just clumps them together as one and after all IG were the ones to launch many of these products which is why I am intrigued as to what IG have up their sleeve. Having had the time to pull apart the new regulations I'm wondering if they have come up with some original new products that might lessen the esma sting. 

Link to comment
Guest PandaFace
1 hour ago, Kodiak said:

Hope its something like this?

 

So very similar to an etf? 

Actually that’s quite funny. You can get 5x ETF’s which is a margin rate of 20% equivalent ... 

esma is less lev than that

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
      22,090
    • Total Posts
      92,940
    • Total Members
      42,474
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    scobes2
    Joined 17/05/23 10:51
  • Posts

    • 🔸Hello traders, let's review the 4 hour chart for AUDUSD today. Recently price was locked inside distribution trading range and subsequently it broke down below key s/r level near 6600 and hit 6500. Following the normal distribution pattern. 🔸Short-term expecting throwback to re-test mid of the distribution range and then expecting new wave of short-selling once we trigger 6700. Bears still maintain strategic control. 🔸Recommended strategy for AUDUSD bears: wait for the short-term bounce to complete near 6700 and then re-enter on SELL SIDE. TP1 bears +200 pips TP2 bears final +400 pips at 6350. Keep in mind this is a swing trade setup so will take more time to complete. good luck! 🎁Please hit the like button and 🎁Leave a comment! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.  
    • Analog Devices Inc., Elliott Wave Technical Analysis Analog Devices Inc., (ADI:NASDAQ): Daily Chart, 31 May 23, ADI Stock Market Analysis: We reacted higher off equality of C vs. A as expected and we seem to be wanting to continue higher.   ADI Elliott Wave Count: Wave C of (2). ADI Technical Indicators: Above 200EMA. ADI Trading Strategy: Looking for further upside into wave 1 to resume upside, we will have additional confirmation once we break the top of wave B. TradingLounge Analyst: Alessio Barretta Source : Tradinglounge.com get trial here!       Analog Devices Inc., ADI: 1-hour Chart, 31 May 23, Analog Devices Inc., Elliott Wave Technical Analysis ADI Stock Market Analysis: Looking for a potential five wave move off the lows, e are now expecting a three wave move into wave (ii) to then look for potential longs. ADI Elliott Wave count:  Wave  (i) of {i}. ADI Technical Indicators: 20EMA as support.   ADI Trading Strategy: Looking for a three wave move pullback in wave (ii) before resuming higher.
    • Elliott Wave Analysis TradingLounge Daily Chart, 31 May 23,   Bitcoin/U.S.dollar(BTCUSD) BTCUSD Elliott Wave Technical Analysis Function: Reactionary(Counter Trend) Mode: Corrective Structure: Zigzag Position: Wave(C) Direction Next higher Degrees: wave ((2)) of Motive Details: Wave ((2)) is likely to end at the level of 25874.30. A five-wave rise will confirm this idea. Wave Cancel invalid level: 25874.30 Bitcoin/U.S. dollar (BTCUSD)Trading Strategy: Bitcoin has recovered well from the 25874.30 level and can still hold above the MA200 line, leading us to expect Wave 2 to end at 25874.30, the price is returning to an upward trend, and a five-wave rise will support this idea. Bitcoin/U.S.dollar(BTCUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend MACD and RSI are bullish momentum. TradingLounge Analyst: Kittiampon Somboonsod, CEWA Source : Tradinglounge.com get trial here!       Elliott Wave Analysis TradingLounge 4H Chart, 31 May 23,   Bitcoin/U.S.dollar(BTCUSD) BTCUSD Elliott Wave Technical Analysis Function: Follow Trend Mode: Motive Structure: Impulse Position: Wave 5 Direction Next higher Degrees: wave (C) of Zigzag Details: Wave (C) is likely to end at the level of 25874.30. A five-wave rise will confirm this idea. Wave Cancel invalid level: 25874.30 Bitcoin/U.S. dollar (BTCUSD)Trading Strategy: Bitcoin has recovered well from the 25874.30 level and can still hold above the MA200 line, leading us to expect Wave 2 to end at 25874.30, the price is returning to an upward trend, and a five-wave rise will support this idea. Bitcoin/U.S.dollar(BTCUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend MACD and RSI are bullish momentum.
×
×
  • Create New...