Turkey restricts retail leveraged forex trading to $13,500 deposit, cuts leverage to max 10:1
- Thread starter mlawson71
- Start date
I would have to easily disagree with this statement,
Alot of great retail traders started their massive accounts with less than this. Had this rule been in effect...their greatness would have never seen the light of day.
But these relatively rare people are the so-called outliers, or black swans
Bingo....we don't need more regulation.
The ones with $500 intraday margin for EuroFX. Like AMP or GlobalFutures.
EuroFX? So those are mainly focussing on FX-clients?
One look at GlobalFutures' website and... no thanks...
Don't know AMP... but again, if they focus on FX clients, to me that means they are targeting non-sophisticated traders. And their website screams low-costs/we are awesome!... Doesn't work well with me either...
Also, when they can give so high leverage, I wonder if they keep the trades off-exchange... so do they take the opposite side like FXCM did? That also would put them on my no-thanks list.
EUR/USD is still FX.... whether in futures or not... if you trade FX-futures... you trade FX. And since whenever I look FX and trading up on Google, I get lots and lots of dodgy websites/brokers... Which to me, means lots of gambler trade FX...
If a broker can give high leverage, I would think at one point their clearing/bank would say... hey, your intraday risk is a bit bloated. Therefore, if they keep those trades off-exchange and trade on opposite side at a very nice spread (like FXCM apparently did/does)... whey are not bound by exchange regulations.
And if they are not bound by certain regulations, I'd rather stay away..
Also GlobalFutures doesn't appear to have a large equity base, which worries me as well.
If a broker can give high leverage, I would think at one point their clearing/bank would say... hey, your intraday risk is a bit bloated. Therefore, if they keep those trades off-exchange and trade on opposite side at a very nice spread (like FXCM apparently did/does)... whey are not bound by exchange regulations.
And if they are not bound by certain regulations, I'd rather stay away..
Also GlobalFutures doesn't appear to have a large equity base, which worries me as well.
+1. This is the point I was making.
Man what you're saying just doesn't exist please cut the bull shit. Nobody ever started an account with 5k and made 50m$, that's just fake gurus selling you stuff.I would have to easily disagree with this statement,
Alot of great retail traders started their massive accounts with less than this. Had this rule been in effect...their greatness would have never seen the light of day.
But these relatively rare people are the so-called outliers, or black swans
It is Turkey that is imposing this as the Turkish Lira is already crashing some time.
All the other parties have to follow.
Not only the Lira will crash completely, whole Turkey will crash with Erdogan.
If dictators manipulate media, steal all the money they can, and cancel all human rights, this is what happens.
His friend Poetin has the same problem.
All the other parties have to follow.
Not only the Lira will crash completely, whole Turkey will crash with Erdogan.
If dictators manipulate media, steal all the money they can, and cancel all human rights, this is what happens.
His friend Poetin has the same problem.