There is VantageFX an Australian Broker (with 1:500 leverage) and regulated by ASIC.
I use them and I have no problem.
Yes only some ASIC and offshore brokers like Hotforex or Excess accept EU clients and can offer high leverage but I won’t advice to do that because reducing leverage will be only long-term advantage for you! Tested!
All aussie brokers and offshore brokers Coinexx, traderway, lqdfx, fxbrew to name a few are not affected by esma.
I have spoken to IC Markets and the support told me they do have a growing number of Europeans signing in to their platform.
Now, I am not sure if doing so differs from having a broker regulated in your own area in terms of funds security and negative balance support.
Plus, for the broker it really is indifferent to have a new costumer coming to their platform, independently from his residential area. Unless contrary legislations apply. At the end of the day, any new opened account is a profitable move for them so there’s no conflict of interests.
Btw, what about US regulated brokers. Are there any that welcome European accounts?
If you would like to skip EU regulation, then you need to seek broker outside from EU. US and AUT markets are pretty open to leverage. Offshore brokers are, I think, only way, and there is no restrictions regarding EU citizens. Just remember to check that broker first
IC markets Non AU clients are now being transferred to IC Market Seychelles. So i guess they are already affected.
Not sure I understand why people are so active in seeking higher leverage.
I have to suspect that the guys seeking out higher leverage / lower margin are risking far more of their account capital than they should be. Maybe its inexperience or it might be impatience or it might be a weak attitude to risk.
What is really behind it?
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Checked up my account for margin requirements on my open trades.
(NB: I am UK-based, spreadbetting through a FCA UK regulated SB firm, following the ESMA requirements)
At the time of posting the above, I had 11 open positions, each with about 0.5% of account capital at risk if the stop-loss is hit. Total margin about 4% per trade. The open positions are all forex, a mix of major and minor pairs (no exotics, no indices or commodities right now). Last week I made +5% on the account, likewise the week before.
How is ESMA a serious issue?
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QUADRUPLE “Like”!!! LOL!!!
I don’t get it either.
Well actually I do. And once again you’ve hit the nail(s) on the head. Inexperience and impatience (and the rest actually follows). I know for sure as the day is long that for many years when I first started out I wiped out account after account because I didn’t understand leverage properly, risk management was for others (not ME!!! LOL!!!), and the list goes on. As I’ve said before: I would have wiped out anyway I’m sure. But it would have taken a LOT longer (and maybe that’s an incorrect statement i.e. maybe by the time I actually learned all of these things I’d still have had capital left to implement them) (not to mention all my assets!!! LOL!!!).
I’m subject to the same regulations and restrictions as you are and also with an UK SB broker (I WONDER if it’s the same one!!! LOL!!!) and I quite frankly could not be happier. I know for as sure as I’m sitting in this chair typing this message that these restrictions are going a long way to making sure I don’t get tempted to go wild. And frankly: that’s the reason they were introduced in the first place i.e. to protect traders from themselves. It is DARN difficult to bet the farm under these conditions. And suits me 100%.
And what really is never mentioned: professional traders trade with very low leverage anyway (even lower than what you and I are trading with). In some cases: NONE. But this is how the marketing machine keeps perpetuating this myth of $100 to $100K in a year. And it’s working. And well too.
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Good traders didn’t even notice ESMA. Ask those that want high leverage what their result was ‘back then’ and they all tell you they just started trading
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this thread is completely dormant
I will still put up a list of the brokers I’ve gathered
Fxview is another option for EU. but then again, ESMA regulated, will apply 30x leverage. With professional account you can go upto 500x, if you qualify for those conditions. Else you’ll have to go over board, and take super risk outside of regulation circle.
There are a few brokers who are not affected by the ESMA regulations like IC Markets, Avatrade, XM, FBS, FxPro, OctaFX and RoboForex. These do not follow the EU regulations.
There are a lot of brokers that accept EU clients like TD Ameritrade and TurnkeyForex that you can also consider.
There are some brokers who are not affected by the ESMA regulations like Admiral Markets, IC markets, Ava trade, FBS, XM, Axi trader, FxPro, OctaFX, RoboForex and Fibo group.
Brokers like Axitrader, FBS and Fxpro are a few that are not affected by ESMA regulations. You can review them in detail as per your convenience.
I would also add Hotforex, IC markets, Tickmill, they retained their offshore branches and some traders can open accounts if they prefer high leverage. I know many traders who can’t switch back to low leverage since they learned how to control risks so leverage doesn’t pose a danger to them.
TurnkeyForex and IC Markets, in my opinion. Leverage, that’s high too!
Whole thread on this here:
EagleFX, Exness, Crypto Rocket all I can recommend
There are so many brokers that accept EU clients and offer high leverage. You can search for them on the internet. But before you make your decision, I would like to tell you that apart from leverage, you must also consider other important features like low commissions, tight spreads, and reliable customer support.