Really up to you. IG group is coming back to the USA, so there is some hope there. But the current selection of offshore brokers that openly accept USA clients leaves something to be desired. Too bad as there are some great options like Darwinex, Global Prime Au, LMAX, etc
Well, there is a big difference here. ESMA is not banning people from using non EU brokers. There are plenty of quality brokers in Australia and Switzerland that you could trade with. And you can go offshore to less stable jurisdictions and take your chances.
When Brexit is complete, UK will likely reverse some of ESMA rules, particularly on leverage.
Also, ESMA ban is technically only 90 days long.
And while the new leverage rules do not affect professional traders. Although I do not recommend re-classifying as a professional trader. It is a scammer’s dream, as it allows brokers to legally walk away with client funds without any recourse. As this trader noted:
Why reclassify when you can go to a proper jurisdiction and get real protections? Defeats the entire purpose of being onshore if:
- your funds are not segregated
- no recourse whatsoever if the broker acts stupid
- no priority status in case of insolvency