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Re: Australia’s 1:30 leverage: ASIC Announces Leverage Cap, Negative Balance Protection

Ogee, Fri Jun 10, 2022 11:16 pm

FourXXXX wrote: Fri Jun 10, 2022 10:07 pm Rules here are similar, however, if you are a day trader it is quite easy to get to the volume required for a pro account. Needs to be over 4 quarters in the last 2 years, if you meet that and pass the quiz there is no assets test.

All the details are in the attached PDF from my broker.
thanks, that's really interesting, not sure what the regulator actually says but I see that different brokers have very different interpretations, that's on them of course.

quick google - 2 different Oz brokers lol.


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