User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Friday March 12, 2021 - 15:33:15 GMT -

Share This Story:
| | Email

A Warning to All Traders

I have never been a big fan of high leverage as most traders do not know how to manage it. This is especially true of new traders as they see it as a way to get rich quick  All it takes is for news algos to react to a surprise headline, even an innocuous one, to see a high leveraged account get wiped out. Brokers are not charities and only offer high leverage if they see that it  works to their advantage.

All of this is changing as one of the last holdouts, ASIC, has joined other major financial centers in drastically cutting back retail trading leverage. In this regard, see the following., which I received from an Australian broker. Then scroll below it to see my warning.

The Australian Securities and Investments Commission (ASIC) has introduced new regulations that will change the way we can offer our products and services to retail clients trading with (broker name omitted), our ASIC licensed entity. The ASIC changes come into effect on 29 March 2021, As a retail client, the following changes will apply to you:

Leverage changes

From 28 March, clients of our ASIC licensed entity can only trade with up to 30:1 leverage as a retail trader. This will only affect new positions opened from 28 March and existing ones will be kept on the same leverage. Professional clients can continue to maintain the same leverage as before.



Current Max Leverage

New Max Leverage

Major  currencies           



Minor currencies



Major indices _+ gold



Commodities + minor indices



Shares, + other underlying assets



Digital assets




A warning to all traders

One concern is that retail traders will look to brokers that offer high leverage in locales where registration is lax and probably not worth the paper it is written. This may be a strong attraction to some but it comes with risks as lax regulation offers limited protection to the account holder.

So there are two warnings. First, do your due diligence if considering opening an account with a broker headquartered in a jurisdiction where there is lax regulation. Protection of one’s capital is the key to staying alive in the trading business. Second, don’t simply be attracted by the lure of high leverage, Remember, it is a two-edged sword, one side tends to be sharper than the other.

Feel free to contact me with any questions or comments. Contact me as well to ask for details on my newly added 3 Step Trading Strategy.

Jay Meisler, co-founder

[email protected]



Forex Trading News

Forex Research

Daily Forex Market News
Forex news reports can be found on the forex research headlines page below. Here you will find real-time forex market news reports provided by respected contributors of currency trading information. Daily forex market news, weekly forex research and monthly forex news features can be found here.

Forex News
Real-time forex market news reports and features providing other currency trading information can be accessed by clicking on any of the headlines below. At the top of the forex blog page you will find the latest forex trading information. Scroll down the page if you are looking for less recent currency trading information. Scroll to the bottom of fx blog headlines and click on the link for past reports on forex. Currency world news reports from previous years can be found on the left sidebar under "FX Archives."

Actionable trading levels delivered LIVE to YOUR charts

GVI Trading. Potential Price Risk Scale
AA: Major, A: High, B: Medium

Mon 27 May 2019
AAGB/US- Holiday
Tue 28 May 2019
A 14:00 US- Consumer Confidence
C 13:00 US- Case-Shiller
Wed 29 May 2019
A 08:55 DE- Employment
AA 18:00 US- BOC Decision
A 18:30 US- EIA Crude
Thu 30 Mar 2019
AAEZ/CH- Holiday
A 12:30 US- Weekly Jobless
Fri 31 Mar 2019
AA 10:00 EZ- Flash HICP
A 12:30 US- Personal Income, Spending, Deflator
AA 14:00 US- Final Univ of Michigan

Global-View Affiliate Program

We are starting an affiliate program to market some of our products.

Send me an email if you would be interested or if you know someone who would like to be an affiliate. Generous commissions payout for those accepted.

Put the word "affiliate" in the email subject line.

Contact us

Start trading with forex broker Markets Cube


Retail Forex Brokerage Changing!

Are you looking for your first broker or do you need of a new one? There are more critical things to consider than you might have thought.

We were trading long before there were online brokers. Global-View has been directly involved with the industry since its infancy. We've seen everything and are up-to-data with recent regulatory changes.

Our Best Brokers listing section includes:Forex Broker Reviews, Forex Broker Directory, Forex Broker Comparisons and advice on How to Choose a Forex Broker

If would like guidance, advice, or have any concerns at all ASK US. We are here to help you.

SEE Our Best Brokers List

Currency Trading Tools

  • Live rates, currency news, fx charts. 

  • Research reports and currency forecasts.

  • Foreign Exchange database and history.

  • Weekly economic calendar.

Directory of  Forex trading tools

Terms of Use    Disclaimer    Privacy Policy    Contact    Site Map

Forex Forum
Forex Trading Forum
Forex Forum + forex rates
Forex Forum Archives
Forex Forum RSS
Free Registration

Trading Forums
Currency Forum Guide
Forum Directory
Political Forum
Forex Brokers
Compare Forex Brokers
Forex Broker News
Forex Broker Hotline

Forex Trading Tools
Currency Trading Tools
Forex Database
FX Chart Points
Risk/Carry Trade Chart Points
Economic Calendar
Quicklinks to Economic Data
Currency Futures Swaps
Fibonacci Calculator
Currency Futures Calculator

Forex Education
Forex Learning Center
FX Trading Basics Course
Forex Trading Course
Forex Trading Handbook

Forex Analysis
Forex Forecasts
Interest Rate Forecasts
Central Bank Forecasts

FX Charts and Quotes
Live FX Rates
Live Global Market Quotes
Live Forex Charts
US Dollar Index Chart
Global Chart Gallery
Daily Market Tracker
Forex News
Forex Blog
Forex News
Forex Blog Archives
Forex News RSS
Forex Services
The Amazing Trader
Forex Opportunities
Forex Affiliates
Forex CopyTrading
GVI Forex