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Looking for an ASIC broker that is equivalent of LMAX

  • #21
  • Jul 4, 2018 4:11am Jul 4, 2018 4:11am
Quoting londonboy
{quote} You could also try Vantage FX - They are ASIC and believe they are owned by the same people as GP ( I could be wrong though)
yeah, no - Vantage FX are not owned by the same people as GP.

Vantage FX is owned by the same people who own Go Markets (formally Pacific Continental Securities).

If you wish to learn more of their sordid past you can read this link

I made the mistake of giving Vantage atry. They claimed their pricing aggregator was giving false quotes, which I then traded upon.
  • #22
  • Jul 4, 2018 8:02am Jul 4, 2018 8:02am
Quoting demark1
{quote} its not a licensing regulation but a requirement from their liquidity providers. Max allowed leverage by liquidity providers is 100:1. true ecn broker can not offer more than 100:1 leverage but fake ecn dealer can still offer it. of course the risk has to be kept in house.
Thank you for the information, that is useful to know.
  • #23
  • Jul 5, 2018 7:03pm Jul 5, 2018 7:03pm
Quoting londonboy
{quote} So instead of taking the advice of amateurs on FPA he/she should take the advice of an amateur like you then? To the original poster the ONLY way to see which broker fits best with you is open a live account with them all, run the same strategy for a couple of months and compare the results. They will all be slightly different. I have used IC markets for donkeys years and global prime for just over 2 years. I like both for different reasons. IC will give you bigger leverage 500:1 , GP upto 200:1 So that may play a part in...
Do not trust me coz I am nobody. Reviews are subjective. Typical reviews are like this I traded with dealer for 2 weeks, 2 months, 2 years. Its is the best I ever had. Why is it the best? I can not tell u.... but it is the best. 500:1 leverage is not part of my decision coz I do not want to blow my account or a huge drawndown. There is no advantage except low margin requirement. I gave up Global prime 3 years ago due to 100 pips slippage on eurusd. It is true there is no market monkey games between u and the broker. Everything is played between the broker and LPs so check ur log files carefully
I recently tested tickmill but I think it is no good. Fxpig may be a good one.
  • #24
  • Jul 5, 2018 9:07pm Jul 5, 2018 9:07pm
Quoting demark1
Fxpig may be a good one.
A NZ business licensed in Vanuatu.
Good Trading
  • #25
  • Jul 6, 2018 2:24am Jul 6, 2018 2:24am
ASIC regulated brokers that have decent spreads and lower commissions.
IFM Trade
Rubix FX
  • #26
  • May 3, 2021 4:38am May 3, 2021 4:38am
Quoting grandaevus
{quote} They're the second largest Australian broker but unfortunately they also run a hybrid model of A-book/B-book like Icmarkets do.
What is wrong with that?
  • #27
  • Last Post: May 8, 2021 5:59am May 8, 2021 5:59am
The leverage in ASIC-regulated brokers is now the same as EU brokers since ASIC recently capped leverage at 1:30 too.
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