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 arenāt 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 donāt 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 upā¦
Hi Pazartesi, Hope your well 
you can try using āadmiral marketsā 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 doesnāt 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
ESMAās regulations donāt 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 iām 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 Iām 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.
Itās true. If youāre 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 donāt gain with ASIC?
Thatās true. Itās 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.
Iāve 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.
Hey @pazartesi
I was mucking around on live chat with a few dual regulated brokers ASIC & FCA trying to find out if I could switch. It was a little difficult at first, they always talked about becoming a Pro Client but who has $500K right!
When I first asked Pepperstone UK team (Can I open with ASIC) they said I would need to speak with the Australian arm about it (live chat). They also told me the FCA leverage caps were also in my best interest so I should consider if 500:1 is right for me.
As a scalper, I think it is.
I told their live chat, I want to open with ASIC and they gave me the link to their Australian website: www.Pepperstone.com.AU
Scalping solutions 
I just reviewed ProfitForex and am not sure about brokers offering promotions like their āfree cheese without a mouse trap 500% bonusā promotion.
- Margin credit/not cash (Margin cannot help you if your trades PnL moves against you. Margin is cheap at 500:1)_
- You need to do alot of volume to get the bonus
If I trade 5000 lots, I would receive $5000. That is like saying, if you trade $500,000,000 in the market, we will give you 0.00001% back
_
There is a good page for discussing margin bonusās: Hotforex 100% credit bonus --- Not Really a Bonus?
I have never tested this broker, so maybe they are good, but why switch to an unregulated broker at all? I would much rather go to an ASIC broker who is offering me excellent spreads/execution and some tools to help me trade better/more informed, then another broker who is pushing promotions that give no real advantage. But like I said, I havnāt traded with Profiforex before.
Well if you are non-EU citizen then ESMA rules donāt apply to you. Itās interesting whether there are some enforcement mechanism for EU citizens which attempt to escape new rules trading with offshore brokers or located in Australia for example
That sounds either like a lie or very suspicious with regard to your recommended Bookmaker ! 
Donāt forget that unregulated broker does not equal to bad brokerā¦
If you are worried about broker running away with your money, just divide it among different brokers. Which is of course very difficult to do without leverage because you have to have lots and lots of cash sitting in one account. Much safer is to have higher leverage and less money at your brokers diposal.