QUOTE(Chengi @ Jun 24 2020, 11:27 PM)
EU regulated under 2 entity.under IFSC, leverage up to 1:500 or higher depends on broker
under CYSEC, leverage up to 1:30
Investment Forex Version 21, Foreign Exchange Market Discussion
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Aug 3 2020, 10:00 PM
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Probation
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Aug 5 2020, 02:17 AM
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QUOTE(Chengi @ Aug 4 2020, 12:23 PM) I googled what is IFSC, it says The International Financial Services Commission (IFSC) is the agency in Belize responsible for regulating the financial markets. ESMA (European Securities and Markets Authority) has introduced new stringent / draconian regulations for Forex Brokers who are regulated within the European Union. These restrictions greatly impact the amount of leverage a retail trader can access when trading Forex or CFD's with these brokers that are regulated in an EU country (including the United Kingdom - FCA)When I google Belize, it is located in Central America. I wonder how Central America is connected to EU, maybe I missed something, can you share your knowledge? if you want higher leverage while doesn't really care about the regulations, go for FBS 1:3000 So if you don't want ESMA refualtion you can opt for belizian refualtion for higher leverage. It's an offshore broker regulatory authority most brokers use to provide European citizens with higher leverage FBS is also regulated by Belize Well if you want a high leverage broker id appreciate if you sign up with XM under my affiliate. I give back rebates upto $23 per lot |
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Aug 5 2020, 02:24 AM
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Aug 5 2020, 08:30 PM
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QUOTE(Chengi @ Aug 5 2020, 12:37 PM) Are you lost somewhere? My england might not be good but someone stated earlier they have no option to change the leverage so i said EU is always 1:30. Suddenly you came and said EU regulated under 2 entity and gave a regulation of non EU country claiming is EU? You don't even understand the regulation impact on the broker. My impression is you are trying to influence client decision saying there is no difference between the regulation body. Yeah I don't want to bash any broker. But FBS has only Belize regulation and they were rejected by others. It's upto you to use them.FBS offer 1:3000 and I did a research XM only provide 1:888. If it is same regulation and if i need more, why should I go for XM? The higher spread rebate, the higher the spread to the client. If you could provide rebate of $23 per lot with ECN tight spread, then nobody need to trade to make $ but instead just enter into position and close position on the spot. I am not influencing anyone. XM offers 2 options for regulations like I said for European clients. When did I say Belize is a part of EU ? Attached thumbnail(s) |
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