or .... and allow the brokers to offer 1000:1 leverage to their customers and let the brokers the freedom to offer products like CFDs to their customers and .....
Good Morning maxinger, AGREE. USA wants traders to be poor. Anyone living outside of USA can trade leverage up to 1000:1. In USA, only max leverage of 50:1. THE MOST STUPIDEST regulation that ever existed in the world. What clown made this regulation in the USA?
It is a very strange regulation. millions of Americans can carry guns. millions of investors can trade crypto things. But the leverage for trading is so low. And no Americans can trade CFDs.
Hello maxinger, Agree. It is very sad Americans the max leverage Forex traders can trade is 50:1. It is the MOST stupidest regulation in USA history. The upmost stupidest regulation that existed on the planet. Who passed this ridiculous regulation?
The notional value of NQ is almost $400.000, yet a lot of brokers only require $1000 margin. 400:1 isn't enough for you?
Good Morning p0box4, Very good comment and awareness. No its not, because $1000 is only good until 3pm central. $20,000 margin overnight. Its doable, but could be better.
Hi, CFDs do not have the best reputation, as various lawsuits in Europe / Asia have shown. https://www.financemagnates.com/for...kets-faces-class-action-lawsuit-in-australia/ Even bigger players like IC or CMC markets have had their scandals. Still, if you have a broker that more/less cares for it's own integrity and reputation, they can be attractive products. However, not having a central exchange is a huge drawback that you do not have with futures; and which also limits transparency, why for they are prohibited in the US. Where have you seen 1000:1? That is huge; all I know, is 500:1. Today you need to prove that you have a track record as trader, before being granted something like 300:1. 30:1 is the standard I think.
Exactly, only the unregulated bucket shops might still have higher leverage, Russian companies like Instaforex for example. Futures offer great leverage for day trading.