Are Trading Signals Legal
If you sell signals on most of the so called social trading platforms like myfxbook or mql5 market place you won t get in trouble as you act behind their legal umbrella.
Are trading signals legal. It depends on the country you are selling your signals to the country you reside in and definitely the platform you are using to sell them. In fact you will most often find them presented in the form of a subscription service run either by an analyst or an automated program. Also alluded to in the compliancy services press release the esma article deals with the legalities of automatic trading signals and whether they fall within regulated investment services.
Forex trading signals are especially useful for those investors who do not h. Future of copy trading and signals. They are the individual who chooses to mimic the trading strategies of the signal provider based upon the information available to them via the platform.
The client is the copier. Yes they are completely legal. Signals are especially useful for those investors who do not have sufficient time to study the movements of the currency market but still wish to participate in the market.
Without providing much details colon did refer us to an esma circular about trading signals from 2012. They can also be used to reconstitute a portfolio and shift sector allocations or take new positions. They require a platform with which to transmit these signals.
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