The future of CFDs (SB)?

• 03/24/2018 at 2:24 PM #66248
  Eric

  IG record revenue

  “The company said that Revenue in Q3 benefited from a high level of client trading activity, and from an increase in the number of active clients.  OTC leveraged revenue per client of £1,482 in the quarter was 25% higher than in the prior year. The number of unique OTC leveraged clients active in the period of 99,500 was 4% higher than in the prior year, including 12,500 new OTC leveraged clients who traded for the first time in the period.”

  https://www.leaprate.com/forex/brokers/ig-group-record-revenue-152-million-q3-2018-crypto-trading/

   

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  GraHal

  

  Eric

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  03/24/2018 at 4:20 PM #66257
  verdi55

  € 1700 revenue per client would mean that an average client trades 1700 DAX mini contracts per quarter, without overnight fees, for example. Or only 20 DAX mini contracts with overnight fees. When we assume that revenue comes only from transaction costs, not from client losses, as they say. Here we see, why it is important for them to gain new clients all the time, because the sum of all clients make no money and therefore a lot of them stop trading after a while.

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  GraHal

  

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  03/27/2018 at 7:27 AM #66496
  stefou102

  New regulation is out. Spread betting is now banned, an cfd leverage is limited from 30:1 for fx to 2:1 in crypto. Crypto could get hammered further because cfd was the most effecient way to trade it

  

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  03/27/2018 at 7:38 AM #66498
  stefou102

  Sorry binary options is banned, don’t know about spread betting but anyway who cares about these products…

  

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  03/27/2018 at 9:21 AM #66512
  Eric

  Should be interesting to see if any country like Switzerland can stay out of this new regulation? i doubt it?

   

  “A pan-EU approach is required given the cross-border nature of these products,  and ESMA’s intervention is the most appropriate and efficient tool to address this major investor protection issue.”

   

  https://www.esma.europa.eu/press-news/esma-news/esma-agrees-prohibit-binary-options-and-restrict-cfds-protect-retail-investors

  

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  03/27/2018 at 10:30 AM #66525
  verdi55

  Switzerland is not EU, and will never be.

  I called IG there once again, and they told me that the PRT premium version is available there, but there is always a fee to use it, regardless of the intensity of trading (not for the normal version, however). Maybe they will change this with rising client numbers.

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  Eric

  

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  03/27/2018 at 11:35 AM #66528
  verdi55

  stefou102 wrote:

  Sorry binary options is banned, don’t know about spread betting but anyway who cares about these products…

  Question @Stefou102 : How do you trade CFDs ? I thought they have been totally banned in Belgium since 2016 ?

  

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  03/27/2018 at 9:25 PM #66590
  Juan Salas

  I have checked IG Spain to become a professional. That way you will be able to keep the current margins. Basically, you have to fulfil two of the three following conditions.

  1. Operating more than 10 times in the last year with a significant amount (non-specified)
  2. Investment portfolio of more than 500.000 €
  3. You are working (or have worked) in the financial sector (related to FOREX or CFD) for at least one year.

  Anyone has tried to approach IG about this?? Are these conditions flexible?? I mean in the sense that they maybe flexible about your working background in the financial sector. You may have been worked in a bank, or in a business company but not related specifically to FOREX or CFDs, and they may give you the OK just to keep clients with them.

   

  

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  03/27/2018 at 9:47 PM #66593
  Eric

  some info

  https://community.ig.com/t5/General-Trading-Strategy/What-do-you-think-of-the-new-ESMA-proposals/m-p/24110

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  Vonasi

  

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  03/27/2018 at 10:31 PM #66594
  Vonasi

  As I get older I find more and more that I have this overwhelming feeling that others are making rules for my own benefit that do not benefit me. For some reason these rules always stop me having so much fun and always cost me more. I wish these pen pushing power crazed individuals would just leave us all alone. If I’m stupid enough to lose all my money trading then I have just had a very valuable life lesson. I do not need someone else to protect me from myself.

  

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  03/28/2018 at 4:28 AM #66597
  verdi55

  Vonasi wrote:

  As I get older I find more and more that I have this overwhelming feeling that others are making rules for my own benefit that do not benefit me. For some reason these rules always stop me having so much fun and always cost me more. I wish these pen pushing power crazed individuals would just leave us all alone. If I’m stupid enough to lose all my money trading then I have just had a very valuable life lesson. I do not need someone else to protect me from myself.

  True.

  

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  03/28/2018 at 8:35 AM #66607
  Pere

  https://www.financemagnates.com/forex/brokers/breaking-esma-rolls-draconian-cfd-leverage-restrictions-kills-binary/

   

  

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  04/03/2018 at 7:19 AM #66976
  Leo

  Everytime I read the reason of these laws I always think in the casinos which are not banned.

  

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  04/03/2018 at 10:03 PM #67072
  Eric

  Cruddas catch tunas

  “The online trading firm, which is run by former Tory party co-treasurer Peter Cruddas, said a boost in wealthy customers at the second half of last year had driven a “significant” improvement in revenue per client compared to a year ago.

  It has narrowed its focus to win over those with more money and experience in an initiative known internally as “Project Tuna”.”

  https://www.telegraph.co.uk/business/2018/03/29/cmc-shares-climb-project-tuna-plan-target-mega-rich-pays/

  i cant understand that someone with big money at stake use their pinball flipper like trading platform?

  

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  04/11/2018 at 8:21 AM #67995
  Eric

  all eyes on FINMA..

  http://www.trade2win.com/boards/first-steps/228202-potential-mass-exodus-spreadbetters-13.html#post3027270

   

  

  Eric

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