ASIC Regulation is b..ch!
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Yo aussie traders, would you mind sharing your experience which overseas brokerage (or those that didn't comply with ASIC) you use after this ASIC reg came into places today? Apparently it forced us to cap the ratio to 1:30 with larger minimum ratio, which means that my risk calculation must change with bigger capital to start with which means fro the same balance I have now, I must reduce the number of lots. I am always happy with 1:100, the perfect leverage for me.
Peace,
IR