Just imo, the only sort of trader having "their dreams crushed" by 1:30 rules is the reckless one.
Yes, there are legit reasons of keeping a small amount of money on account, but trying to make a living by trading 10k networth at 1:100 is not one of them.
UK Based, EMSA rules 30:1 forex, 20:1 Index's![]()
Who told you this?
I am trading with this firm, get 400:1 leverage on forex.
It is not regulated by any authorities, so it doesn't have to comply with new rule.
In the UK and not regulated at all, sounds kinda risky!!
You can be a Pro trader and get 400:1 anywhere, if you have 500K available, who the hell has 500K+ and puts it into a Forex Spot account LOL Crazy world!!
In the UK and not regulated at all, sounds kinda risky!!
You can be a Pro trader and get 400:1 anywhere, if you have 500K available, who the hell has 500K+ and puts it into a Forex Spot account LOL Crazy world!!