Jump to content
  • 0

ESMA Margins


Guest TradingTimes

Question

Guest TradingTimes

Will IG change the EU ESMA Laws after Brexit in the UK?

 

Really need to know this as the new laws have made it virtually impossible for me to trade the way that i did before.

 

as the Law is EU based they should definitely consider changing the law or completely get rid of it all together.

 
Link to comment

9 answers to this question

Recommended Posts

  • 0
6 hours ago, Guest TradingTimes said:

Will IG change the EU ESMA Laws after Brexit in the UK?

Hey, 

Thanks for you message. No matter what happens with Brexit the FCA have announced that they will be keeping leverage the same for retail clients. You can read about this by following the link below:

It is unfortunate that the regulations have stopped some retail clients trading. 

 

Link to comment
  • 0
6 hours ago, Guest TradingTimes said:

Will IG change the EU ESMA Laws after Brexit in the UK?

 

Really need to know this as the new laws have made it virtually impossible for me to trade the way that i did before.

 

as the Law is EU based they should definitely consider changing the law or completely get rid of it all together.

 
 

And it looks like Australia is going to go down the same route as well and as expected the new regulations have lead to a rise in brokerages starting up in less well regulated parts of the globe. There is an interesting new twist too with some of these new brokerages using Bitcoin for deposits and withdrawals which enables them to dodge other regulations such as a need for client proof of identity and residency as well as broker 'know your customer' documentation. 

Link to comment
  • 0
3 hours ago, Caseynotes said:

it looks like Australia is going to go down the same route as well and as expected the new regulations have lead to a rise in brokerages starting up in less well regulated parts of the globe. There is an interesting new twist too with some of these new brokerages using Bitcoin for deposits and withdrawals which enables them to dodge other regulations such as a need for client proof of identity and residency as well as broker 'know your customer' documentation. 

@Caseynotes You're quite right there are large changes in ACIS regarding margin. 

https://download.asic.gov.au/media/5241542/cp322-published-22-august-2019.pdf

With regards to the new brokerages allowing clients to fund with Bitcoin we have heard of it but not looking to offer this payment method to any offices. 

 

 

Link to comment
  • 0
4 minutes ago, CharlotteIG said:

@Caseynotes You're quite right there are large changes in ACIS regarding margin. 

ASIC Product intervention: OTC binary options and CFDs

With regards to the new brokerages allowing clients to fund with Bitcoin we have heard of it but not looking to offer this payment method to any offices. 

 

 

Thanks for the reply, can you check the ASIC link - is coming up as 'page cannot be found'. 

Link to comment
  • 0
Guest Mark27000
1 hour ago, Caseynotes said:

Thanks for the reply, can you check the ASIC link - is coming up as 'page cannot be found'. 

 

Edited by Mark27000
Link to comment
  • 0
12 minutes ago, Mark27000 said:

quick read stopped for the draghi presser but, 

so an outright ban on binary options for retail,  

and initial margin of at least (for retail): gold 5%, indices 6.67%, commods other than gold 10%, crypto 50%, all else 20%.  

can't find FX, surely not under 'all else 20%'? otherwise basically in line with ESMA.

Link to comment
  • 0
9 minutes ago, Caseynotes said:

quick read stopped for the draghi presser but, 

so an outright ban on binary options for retail,  

and initial margin of at least (for retail): gold 5%, indices 6.67%, commods other than gold 10%, crypto 50%, all else 20%.  

can't find FX, surely not under 'all else 20%'? otherwise basically in line with ESMA.

FX same as for Gold  5% (20:1)  big drop from 200:1 - worse than esma (3.33% - 30:1)

image.png.e452064e02ab3fd351ec91594c16531e.png

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
  • image.png

  • Posts

    • Still the silence is deafening in here. When will this happen?  it have moved most my Trading Capital to another broker who does support Trading veiw Does the deal with Tastytrade have something to do with this lack of progress?  
    • Well to me I feel that the  crypto market values transparency and reliable services. And Bitget has embraced this approach, attracting a large following,gaining up to 1.4million twitter followers,. Recent data shows significant growth in trading volume, solidifying its position in the market.  The exchanges  focus on user protection and satisfaction has fostered a loyal community. As the platform continues to evolve, its value may continue to grow. What are your thoughts on the importance of value in crypto, and what do you see as Bitget's future potential?
    • As more users embrace Dapp, it gets easier to trade crypto, engage in DeFi lending/borrowing and trade NFTs. With the growing need to trade NFT comes the introduction of Love Power Movement, a transparent and accessible marketplace with the best conditions for successful NFT sales. Although the NFT sector has recorded significant growth, it's still impeded by challenges like low protection of artists' and buyers' data, absence of organised policy protecting sellers and buyers amongst others. Love Power aims to tackle those by offering fixed commissions and royalties to creators, ensuring proper profit for sales. LPM token forming a crucial part of the ecosystem has been launched with no presale and VC investment, with intent to direct proceeds from token sales to NFT artists. As $LPM prepares to list on Bitget, the vast community of Love Power Movement would surely be watching keenly.
×
×
  • Create New...
us