Re: Australia’s 1:30 leverage: ASIC Announces Leverage Cap, Negative Balance Protection
31it would be the banks doing it inline with asic, but you should have no problem getting wholesale account like I did, as a sophisticated investor rubric
The new 'close out rule' to be introduced by ASIC was the one that caught many out when was introduced by ESMA in the EU and UK back in 2018.mlawson71 wrote: Thu Mar 25, 2021 6:18 pm Guys, the changes will go live in a few days time, if anyone is trading with Australian brokers, I hope you are prepared for it!
Nbats7979 wrote: Sun Sep 19, 2021 2:40 am Seems weird, on a trading forum, trading with a major broker nobody complained about this? It was 130 pips "pricing error" or stop hunt. Now the new regulations are in place they cant get away with it. I'll post my compensation if anyone cares. My point is does anyone actually trade on here? I would have thought there would be a few more complaints unless everyone is on a demo or just likes pretty indicators.
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