If you live in uk eu you cant choose you automaticly use the uk regulated one
Maybe if you moved to australia your pkan may work
With a bit of research - Switzerland, Liechtenstein, Norway, Iceland are countries that are in Europe but not in the European Union (ergo - the ESMA regulations do not apply) and opening an account with a broker located there may be the solution to your problems.
I believe DukasCopy was located and regulated in Switzerland.
As far as ASIC go they are probably as good as the FCA in the UK. They aren’t the sharpest tool in the shed when it comes to regulation and are usually informed of wrongdoing by whistleblowers… like our current 4 Pillar Banking Royal Commission. ASIC spends most of its time trying to stay out of the limelight…
FX is still very small downunder, so it’s not as big a problem as the UK just on per capita alone. Not many people I know even know what FX is… they assume it’s when you exchange AUD to GBP when going to Britain… :_)
This all is to Help New Traders who seeks Good Brokers with High Leverage and better Regulation.
So I have posted my Own used Brokers only.
These Brokers are ASIC (Australia), So NO ESMA Rules required.
Thanks
I think ASIC broker will treat you based on ur country of origin and if you an EU guy they will refrain from onboarding you and if they do, the ESMA conditions will apply. I read it on another forum where an EU trader had posted a letter from an ASIC broker. will share the link here
these links list the brokers that aren’t affected by esma
&
hope it helps
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The ESMA regulations are independent of ASIC. It matters weather the broker has two separate legal entities registered one under
esma and the other one unde asic, or whether has just one which in under both regulations.
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i see yes that guy was with pepperstone uk and wanted to move to pepperstone AUS so they refused to onboard his via the australian entity. And after brexit will ESMA apply to UK brokers - FCA regulated?
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That we don’t know yet. Its even possible the UK Gov will sign up to abiding by ESMA rules even after Brexit.
The FCA have been supportive of the ESMA regulations so its easier to assume they will carry on with the new regs. Obviously, after Brexit, they might be free to even tighten them up…
Hi Pazartesi, Hope your well 
you can try using “admiral markets” the customer service is great and they will chat directly to you via skype. Just tap them into google. Hope this helps.
Regards,
myfxhub.
thanks mate! not good though! it getting harder to be with the regulated good brokers & i hope ASIC doesn’t follow suit.
i know them, i agree with the excellent customer service point but unfortunately due to the stupid esma intervention, EU clients are no longer offered negative balance protection with this broker.
I managed to get away from ESMA by registering with XM Australia! 500:1 Leverage
ESMA’s regulations don’t hold any sway over my broker Coinexx and I have been trading in peace with them for months. They accept all nationalities and their leverage offering is pretty impressive going as high as 500x.
ICM Capital VC isnt regulated by FCA and i’m using them for all trading now and havent had any problems at all, am trading on 500% leverage
I have to say their system has been brilliant and their MT4 login server are 3ms for me!!
Sorry forgot to say I’m in London
Really, I joined Pepperstone Australia to get 500:1 leverage.
Did you open a new application through their Australian website? www.pepperstone.com.au
It worked for me.
It’s true. If you’re not trading with a broker regulated by FCA, you lose some benefits like negative balance protection and the ability to complain to a trusted regulator.
Do you think it is worth it? 30:1 and 500:1 are just so very different.
What other protections do you get with FCA that you don’t gain with ASIC?
That’s true. It’s really risky to trade without any regulations. FCA is among the most respected authorities within the financial world that aims to protect consumers, enhance market integrity and promote healthy competition that ensured by the range of strictest demands and regulatory protocols to the licensed companies. The authority is highly active in its supervision tasks, constantly getting involved into each licensed broker operation, checking their performance, follow of guidelines and investigates cases.
I’ve checked some fca broker lists like this and there a lot of great brokers with cool trading conditions.
I asked pepperstone and they said they cannot open an account for me through Australia. Profiforex has high leverage, no regulation but still offers negative balance protection.
It depends on everybodys situation, for me high leverage is priority at the moment. Actually, ASIC protection applies to Australian residents only, its not applicable for EU citizens. the only advantage is that you can assume that the asic the broker is more trustworthy than a random offshore one.