Gerald Segal

Gerald is the founder of FNG and is one of the most experienced writers covering the online trading sector. Gerald founded Forex industry B2B news website LeapRate.com in 2010, selling it in 2018 to publicly traded Catena Media plc (STO:CTM). An avid skier, cyclist and ice hockey player, Gerald was previously an investment banker for more than a decade at Bear Stearns, Robertson Stephens, and Merrill Lynch. Gerald holds an MBA from Columbia University in New York and a BCOM degree from the University of Toronto.

6 Comments

  1. Isl trader
    October 23, 2020 @ 10:14 am

    That’s me out of Australia, asic , which on the two occasions I have dealt with them proved to be highly incompetent and unwilling to help , now these people want to dictate my business to me , I’m a professional trader, I can work anywhere in the world, it’s not like Australia is a great place to live anymore, luckily I sold my last property in Australia so that’s one thing sorted, BVI or the the Bahamas sounds good .

    Reply

    • kevin
      October 23, 2020 @ 12:15 pm

      you don’t have to leave Australia to trade with a broker in bvi or bahamas mate

      Reply

      • Island trader
        October 24, 2020 @ 12:08 am

        Yes , I spoke to one of my brokers when this was first muted and they said that they where working on contingencies , that was eighteen months ago, the problem is , where does it end with Australia , the interference in my business, the banking bailin laws, the property that was resumed for one third of market value by the nsw government, I spend a lot of time overseas anyway…. before the pandemic, no , I think I’m done in Australia, a few months ago I was looking at citizenship by investment on the Turks and Caicos islands, I enjoyed it when I was there last , I can work anywhere, maybe it’s time to enjoy that part of trading, cheers, island trader.

        Reply

  2. Anonymous
    October 24, 2020 @ 1:02 am

    5

    Reply

  3. Trent
    February 10, 2021 @ 8:24 pm

    only reason to get an ASIC licence is to entice Chinese traders who for soem reason look at Aussieland as a great place to keep their money. those traders all want bonuses, big leverage and general kissass. the asic brokers will just give it to them now from offshore

    Reply

  4. Don Mitchell
    August 27, 2021 @ 3:36 pm

    I’m disappointed with this decision as I was about to open an Australian account. I know that a leverage of 500-1 is excessive but they didn’t have to take it down 30-1 and lower. I had 2 trades open when the Swiss bankers caused mayhem with their announcements and then their actions, but I’m disaplined and I was not taken out that day. My total risk was under 1%.
    What I would have liked was retail prtrection along with leverage of say 100-1 that the broker could be in control of. So, if you prove to be disciplined, the brokerage could allow the higher amount bearing in mind that they foot the bill for allowing high leverage to ill discilplined traders.

    Reply

Leave a Reply

Your email address will not be published.