Aussies Traders trading offshore but which broker?

[S_Jane_M]

@DaveIRNZ

is it safe to register with these well known brokers but under their off shore regulatory ???

No, definitely not!

Well known brokers but Off Shore Regulatories, is it safe?

CySEC is not at all like ASIC or FCA. From the broker perspective, CySEC is a low-regulation, low-customer-protection back door into being able to claim that you’re “EU regulated”. In Europe, the best regulated countries are the UK and Switzerland. In the European Union, the “safe”/“good” countries are everywhere but Bulgaria, Cyprus and Malta. Brokers choose where to be regulated. The reason so many choose Cyprus is to protect themselves, not their customers. You should do so. It’s a goo…