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Why trade with Australian Brokers ?

  • Post #1
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  • First Post: May 20, 2016 8:48am May 20, 2016 8:48am
  •  Jpwhy
  • | Joined Jan 2015 | Status: Member | 47 Posts
Unlike many EU-based brokers, Australian ones are not covered by any compensation scheme.

I have an Aussie broker and I'm getting out.. UK brokers for me .
  • Post #2
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  • May 20, 2016 8:56am May 20, 2016 8:56am
  •  corre71
  • | Joined Mar 2014 | Status: Member | 130 Posts
Why we trade with Australian brokers? very simple: because most of them give u the best trading conditions. But u are right about the lack of a compensation scheme. So better to spread trading capital on several different brokers
 
 
  • Post #3
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  • May 20, 2016 9:13am May 20, 2016 9:13am
  •  Jpwhy
  • | Joined Jan 2015 | Status: Member | 47 Posts
I had an account with Alpari UK..... thanks to the Financial Services Compensation Scheme (FSCS).. i got my money back... it's a big deal for me.
 
 
  • Post #4
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  • Last Post: May 20, 2016 9:45am May 20, 2016 9:45am
  •  corre71
  • | Joined Mar 2014 | Status: Member | 130 Posts
I trade with both UK and AU brokers, but trading conditions on AU brokers are usually better
 
 
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