Do you guys think that the majority of retail traders will make a transition to non-EU regulated Brokerages?
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DislikedDo you guys think that the majority of retail traders will make a transition to non-EU regulated Brokerages?Ignored
DislikedSomehow, I don’t feel safe with overseas brokers, so for now I am staying with my EU one.Ignored
DislikedThe FCA recently warned brokers not to try and go around the new rules by using products similar to CFDs. There have been no such warnings elsewhere in Europe, I wonder if brokers will attempt to do that.Ignored
DislikedI still see many EU brokers offering high leverage, are there any exceptions?Ignored
DislikedI know a few brokers that are offering account in the Seychelles to combat thisIgnored
DislikedMost caribbean offshore brokers do not offer sufficient funds protection and insurance coverage options. Going with Australian or New Zealand fx broker is a better choice imho.Ignored
DislikedWhat most people don’t understand is if they get ripped off / scammed or even if a legitimate broker goes belly up / bankrupt or shut down by their regulator, one needs to go to the jurisdiction (fly to Australia for example) in order claim your damages if you manage to collect. Unless you have deposited more than $20,000 it is not worth the expense, resources and time. Unless you hire a lawyer to act on your behalf, which will cost you the same amount-if not more...Ignored