meyoik replies to: Breaking: ESMA finalizes new rules to govern leveraged trading


{quote} Let us know, when you do, surely it will clarify this point to a lot of traders in this thread. Thanks!

This is the answer from Pepperstone UK account manager:

“So what you’ll need to provide is proof of at least 10 significant sized trades on average with a notional value of Usd10,000 for equities and Usd50,000 for forex, indices and commodities or equivalent in local currency.

For example, 20 x 0.5 EUR/USD each quarter.

I hope this clears things up.

In regards to the leverage reduction, if you can’t opt up to a professional, your leverage will go do to 30:1.”

For next condition:

  1. I have worked in the financial sector for at least one year in a professional position, which has provided me knowledge of Forex and/or CFD trading

I can show up the working experience in the financial institution.


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