Lever for Polish traders limited to 1: 25? The idea of the government is very real
Yes, it's not a joke. A draft amendment to the Act has appeared, which assumes a reduction of the maximum financial leverage to 1: 25 for people investing in the Forex market on the so-called internet platforms. This means that we would be able to get 4 more capital into the same transactions. The project does not imply any exceptions or exceptions. But that's not the end of ideas.
Forex on dating from 2 for years
For nearly two years now the Forex market has been experiencing a gradual phenomenon of the so-called tightening the adjustment screw. The first key changes took place in July 2015, when it was limitation introduced to 1: 100 for Polish residents. Back then, there were many more doubts - it was not known whether the changes would only apply to Polish brokerage houses or to all brokers. It quickly became clear that the changes will apply to all brokers in the EU.
Another key change was introduction of a number of guidelines for industry institutions, which entered into force on September 30, 2016. The changes included both the trading and marketing spheres. They were also intended to increase brokers' transparency. This time the changes are to be even more restrictive.
Someone seems to drink… fell in love. Maybe a ban on short selling as well. Let's just play to buy. What is it for? I can see that there are more flowers in the project to protect us - from ourselves. The PRL edition, I don't even know what ...
Has anyone tried his hand at investing in Hot Forex? Apparently good conditions….
I definitely do not recommend this company - unless you want to lose money?
the idea of reducing leverage not supported by any analyzes and simulations as it will affect the state budget and the risk that investors will take. they will probably risk more to have profits at a similar level. it's not possible that everyone earns money, it's like running a business, you're doing very few, the best, most companies are falling during the 2 years and what does not you want to regulate? why?
There are already rumors that thanks to this the WSE will flourish.
People will risk twice as much by making larger deposits, but the capital will evaporate 4 times slower ... So theoretically they will "protect" beginners. The question arises why the limitation will not depend only on experience and why the investor, who is fully aware (of threats, risks and the way the leverage works), is also to be covered by it. Other countries want to regulate the value of the leverage depending on the trader's experience - and that's a logical solution.
The only thing that remains, if you want to trade effectively, is to change your residence to a normal one and check out of this country-trader's paradise. There are many alternatives, a problem rather in the local practical regulations regarding residences. In PL, the mentality of the gardener's dog and the communist office of the People's Republic of Poland, inventing for himself Talmudic regulations justifying its existence, rules in "these circles". A hopeless case, no "public opinion" will help, in the face of "always right" arguments such as "casino / protection against losses and dishonest companies / etc", the Mafia around the Warsaw Stock Exchange, including Great Authorities such as "investment advisers", "investment funds" and neighborhoods will do their bit to defend their own business, helping to eagerly destroy competition. The next step is probably a 1: 1 leverage, show trials and absurd, widely publicized financial penalties.
I'm aiming for Estonia for now, we'll see….