I have been index trading with CFDs for a while and don't really use more than 5x - 25x maximum. However recently been interested in trading Cryptos but realized the stupid ASIC change has actually gone through so max leverage for Cryptos is only 2x WTF??? Pretty sure this was made to ensure only the rich get richer and the average man does not have access to capital. You have to be a "professional trader" ie a millionaire already to get useful leverage. Apparently, the government thinks that people are too stupid to know what to do with their own money but funnily casinos, alcohol, and cigarette are still allowed, just not useful financial instruments.
Politics aside How to byass this stupid law? What if I sign up from another country? Is that possible? which country allows easy access? I have friends in other countries and dual citizenship.
