the Australian Securities and Investments Commission (ASIC)

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10/26/2020 at 4:56 PM #148539 quote

Andre Vorster
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On Friday 23 October 2020, the Australian Securities and Investments Commission (ASIC) announced it will be introducing several changes to how CFDs are traded by retail clients – including new minimum margin rates and negative balance protection – from 29 March 2021.

https://www.ig.com/au/asic?CHID=3&QPID=36954&tid=4a36b9a722e90948a28810c5f8123135

I dont understand. WHY.?
Because some people lost money and they went crying to SECC.? Yes everybody loses money at some time or another.
To protect people against themselves now make it difficult for everyone. This does not help.!
The people that will trade will trade.

The ASIC should rater set different parameters so the trader can chose itself which model will site the trader.

I’m just *&_)*(*$^$%#@.!!!

10/26/2020 at 5:07 PM #148542 quote

robertogozzi
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Master

That happened in EU, as well, a couple of years ago.

10/26/2020 at 5:25 PM #148547 quote

Dow Jones
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It happens last year in Singapore. In US, CFD is even banned…
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the Australian Securities and Investments Commission (ASIC)

General Trading: Market Analysis & Manual Trading

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Andre Vorster @andre-vorster Participant

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This topic contains 2 replies,
has 3 voices, and was last updated by Dow Jones
5 years, 5 months ago.

Topic Details

Forum:	General Trading: Market Analysis & Manual Trading
Language:	English
Started:	10/26/2020
Status:	Active
Attachments:	No files

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