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 *&_)*(*$^$%#@.!!!
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