I am looking for a new out-of-the-EU broker, as ESMA’s rules, applied to EU brokers and traders, are not at all favouring. 30:1 leverage for non - pro traders and 200:1 leverage and $ 500 000 for pro traders … you know the story.
So, after a long, thorough and eye-stabbing reasearch, I pitched on the Australian IC Markets and the Japanese OANDA, but I am a bit confused which one to choose.
It seems to me that OANDA have very wide spreads (20 on EURUSD, 30 on AUDUSD and so on) in comparison to IC Markets, but with IC Markets I am not sure whether to choose True ECN account with min 0 spread and $ 3.50 commission per lot or standart account with min 1 spread and $ 0 commission. So I will be glad if you give me some feedback on both brokers, incl. any withdrawal problems (incl. obligation to withdraw only the amount deposited), customer service failures, network crashes, slippages, gaps.
Thank you very much in advance.