Hi everyone,
Just wanted to drop in to say hello to everyone.
I have been reading alot of forex stuff from babypips.
I am ready to trade. The hardest part is finding the good broker especially the leverage.
I am from Australia, and I dislike the 1:30 leverage which doesnāt seem much to me unless I have to put at least 10K.
Are there any offshore broker with better leverage (up to 500)?
TIA
Welcome to Babypips! 
Not a properly regulated one, no.
Youāre lucky, being eligible for ASIC-protection of your account.
Donāt make the mistake of allowing the phony lure of high leverage to prompt you to use a broker that isnāt properly regulated.
Spot forex brokers choose where to be regulated. Most regulators are fake ones, paid for by the subscription-fees of the brokers they pretend to regulate; they never rule against their paymasters in the event of arguments. Real regulators (FCA, ASIC, CFTC) are independent and funded by governments, were set up in response to public demand for customer protection, and can often help you if you need it. They do limit the leverage offered, though.
This issue is one of the most widely misunderstood subject in forex-trading, and especially in this forum.
Welcooome! 
Similar to what Jane said, dealing with offshore brokers can be tricky since some (if not most) of them are not properly regulated. 
But you might want to check out this thread where people with more experience with offshore brokers give their recos.
Their explanations are pretty detailed too, and theyāre open to questions!
Hello and welcome to the community! I hope you find what youāre looking for! Enjoy your trading journey!
Thank you for all those who replied.
Look like I have to go with Aussie brokers.
So far, I have been demo-ing them.
Any other good regulated broker? Please list them.
Thank you.
I forget one thing is I need at least one regulated broker who run the London server? Most of them are using NY server location.
Pepperstone or maybe IG? I think theyāre out there.
I did try Pepperstone but I donāt get a feeling with it due to the past scandal.
IG is the market maker. I prefer ECN.
Oh what was it about?
I googled it. Been reading alot of comments of Pepperstone from the other forum.
@dpan1277 I trade these Markets for a living here in Australiaā¦ I trade via the Ctrader Platform with both Pepperstone and ICMarkets (Both regulated by ASIC) for the last 7-8 years and have never had any issues with either of these Brokersā¦
If you look hard enough you will find previous issues at some level with ALL retail Brokers in these Marketsā¦ A lot of the negativity is blown up traders who had high expectationsā¦
Nowā¦ Iām going to debunk the Elephant in these threadsā¦ Unregulated Brokersā¦ Are unregulated Brokers dangerous to useā¦ Yesā¦ But there is a way to use them to your advantage with reasonably low riskā¦
Most new traders opening a CFD trading account will deposit $1000 or more to get some bang for their buck via a regulated 1:30 leverage Retail Brokerā¦
I use an offshore (unregulated by ASIC!!) every now and againā¦ I opened a 1:400 leveraged account with $100 balance about 3 years agoā¦ When ASIC closed the door on high leveraged CFD Tradingā¦
I was totally prepared to lose the $100 as a trial in the unregulated market. The plan was to open a 0.2 lot positions with ~$79 of margin ($999 @ 1:30) and slowly build the account up to $200ā¦ Once this target balance was achieved I withdraw $100 and continued on with trading my 0.2 positions and applied the repeat, wash, rinse principalā¦
For a tenth of the risk I had the same trading firepowerā¦
If the Broker refused to pay out. My loss was $100ā¦ Iād get over itā¦ The Broker did pay out and now I was trading with other peoples moneyā¦ My risk with the this insidious unregulated Broker was now zeroā¦
I have withdrawn various amounts from this account maybe 20 - 30 times over the past 3 yearsā¦ Sometimes it is slower than Pepperstone or ICā¦ But the funds eventually arrive safe and sound in my accountā¦
Hope this gives a few here an insight into risk engineeringā¦
This issue is one of the most widely misunderstood subject in forex-trading, and especially in this forumā¦
So which unregulated broker did you use?
Thanks for explanation.
Hi everyone, hope you all are doing well,
I have a concern regarding to brokers that are regulated by multiple regulatories like CySEC, ASIC, FCA and more importantly Off Shore Regulatories.
so here is my questions, I would be more than happy if someone who has a deep insights could answer this about brokers and have worked with them for many years
basically top tier ( tier 1 ) regulatories like CySEC, FCA, ASIC and etc. has limited the leverage for 1:20 or like 1:30, Now Iām a scalper on a 1min / 2 min chart, and I risk 2% or 1% of my account ( I have an average of 20 points of stop loss on indices ) which requires a leverage of at least 1:50 in order to risk 2 or 1 percent of your account with a 15 or 20 points of stop loss on indices.
so letās say you sign up with a broker like pepperstone, and it has different entities for different regulatories as you might have noticed.
and they say always register under a tier 1 regulatory so donāt run into issues with brokers.
I wanted to know what if I register with pepperstone but with their off shore entity which gives me more than 1:30 leverage, am I safe just because itās " pepperstone " or no, no matter the broker, If I want to be safe I need to always register under one of the entities that are under CySEC, FCA, ASIC.???
see I live in turkey, but since I have many accounts in different brokers, I saw that I can actually manually transfer my account to the tier 1 regulatory entities. letās say ( FCA ), although when I register, the default registration is they put me under the off shore regulatories.
is it safe to register with these well known brokers but under their off shore regulatory ???
I would like to know every ones point of view on thisā¦
No, definitely not!