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.
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 ‘free cheese without a mouse trap 500% bonus’ promotion.
_There is a good page for discussing margin bonus’s: 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 havn’t traded with Profiforex before.
Well if you are non-EU citizen then ESMA rules don’t apply to you. It’s 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 ! 
Don’t forget that unregulated broker does not equal to bad broker…
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.
Would you mind defining “unregulated broker” for us please ? 
That would be the opposite of “regulated”.
Well “regulated brokers” are acting Legally !
So you mean “Illegal broker” then ?
It is not compulsory for a broker to register with a specific regulator. An offshore broker is a legal entity operating legally in accordance with the laws of its local jurisdiction. This broker can choose to comply with the requirements of FCA, ASIC or whatever other regulator. Whether he choses do so or not, does not affect its legal standing in local jurisdiction. By “illegal” you might mean that it is not allowed for certain nationals to open an account with such broker, but that is something everyone needs to check for himself in his own country.