Definitely not. When you finally find a good broker like Vantage you stick with them.
Yeah did you read this “One of the biggest forex schemes to blow up in Russia this year was related to the company Forex Trend which was registered with the FSRP.”
Amen to that. I’m not switching from Vantage unless the FMA holds a gun to my head!
Yeah I read that when I was trying to work out why IC closed my account. Still can’t find anything on recent changes to regulations … it’s really strange.
My trading has improved ten-fold since I’ve changed to an ECN account. I’ve changed from Global Prime back to Vantage FX simply because of the cost of their ECN commissions.
GP have $7.00/RT while at Vantage FX, via my IB I have negotiated $4.60/RT! That is a huge difference between quality ASIC regulated brokers.
Hi guys, there’s another one. It’s called AETOS. regulated by ASIC and FCA and they don’t charge commissions. Spread is low as 0.7pip for EURUSD. Btw I teach forex let me know here if you guys interested
Just a heads up – if you’re not actually an Australian they won’t take you on as a client anymore, recently their parliament passed a law against that.
Yeah Tickmill or Hotforex I used them for 3 years, they have FCA but also heard they’re planning to get ASIC, dunno why. Anyway their Pro account is worth to try especially if you’re scalper.
I’d like to point out that article isn’t an ASIC article, If you ask traders around which non-Australian residence/citizen, some of them they still use Australian brokers. I’d recommend you to ask the compliance team of that broker for best advise including information regarding which country are allowed