Respond to the ESMA proposals

This is a discussion on Respond to the ESMA proposals within the T2W Feedback & Announcements forums, part of the Off the Grid category; Originally Posted by tomorton Well done to the 98%. Has anyone else seen the suggestion to LCG SB clients that ...

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Old Feb 8, 2018, 6:18pm   #9
 
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Originally Posted by tomorton View Post
Well done to the 98%.

Has anyone else seen the suggestion to LCG SB clients that they can apply for professional account status?
What's the criteria at LCG to be considered professional? At IG they expect you to have at least 1 year's experience in the finance industry or have 1/2 mil in readies...
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Old Feb 9, 2018, 12:32am   #10
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So far I see you need to show "necessary level of experience and knowledge to understand the risks involved in relation to any such service or transactions, or types of transaction or product."

I guess other T&C will become apparent if you contact them direct or start through the application process. Not there yet.

Wondering particularly about income tax implications, negative balance and deposit protection but other issues might be important.
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Old Feb 11, 2018, 4:37pm   #11
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Originally Posted by jm1054 View Post
The summary of results is interesting:

https://replytoesma.trading/data.html

As is IG's response to ESMA:

https://replytoesma.trading/src/asse...r_evidence.pdf
new bid, 80 on FX and 50 on indices (from the shops)

https://replytoesma.trading/src/asse...r_evidence.pdf
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Thanks! The following members like this post: tomorton
Old Feb 11, 2018, 7:46pm   #12
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so i missed the deadline ?

well - I voted to stay anyway ..............

(what ?)
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