Starting probably early summer the ESMA will impose the max leverage of 1:30 for all retail traders who have accounts with european brokers. In case you have accounts with any european broker, please make sure the Trade Copying is still working properly after the changes take effect at your broker.
The changes do not affect my Master Account broker at Halifax Investment Services.
Not sure if anyone knows how Trade Copying websites are going to handle this.... like SimpleTrader, MQL5, SignalStart, FXJunction, HotForex Copy. I surmise that my Max Drawdown of 23%-25% plus a Total Max Open Exposure of 1 standard lot per $10,000 balance would not get a margin call on this... but I admit that I need to do some calculations. Will revert to you once I've made these. Please comment as you feel necessary.
The changes do not affect my Master Account broker at Halifax Investment Services.
Not sure if anyone knows how Trade Copying websites are going to handle this.... like SimpleTrader, MQL5, SignalStart, FXJunction, HotForex Copy. I surmise that my Max Drawdown of 23%-25% plus a Total Max Open Exposure of 1 standard lot per $10,000 balance would not get a margin call on this... but I admit that I need to do some calculations. Will revert to you once I've made these. Please comment as you feel necessary.
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