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Best broker for Australians

  • #41
  • Aug 6, 2019 1:09pm Aug 6, 2019 1:09pm
Quoting mlawson71
{quote} Not anymore. In April the Australian parliament passed new legislation according to which companies providing services to clients outside of Australia could be breaking the law. Since then Australian brokers have been refunding non-Australian clients.
Oh man; am from Canada and the Aussie brokers were always the best in everything and especially with leverage options; I had stopped trading for a while now cause could not find a broker that fits my needs; since the Aussie brokers as what you had stated, well they stopped providing service to Canadian residents - Personally I like a leverage of 400:1 and above, am no newbie lol, that accepts or provides services to Canada but there's none now, the only ones here provide a leverage of 50:1 or 30:1 etc. Geez; if you know any please let me know, thanks.
  • #42
  • Aug 7, 2019 10:39am Aug 7, 2019 10:39am
Quoting Trade-Master
{quote} Oh man; am from Canada and the Aussie brokers were always the best in everything and especially with leverage options; I had stopped trading for a while now cause could not find a broker that fits my needs; since the Aussie brokers as what you had stated, well they stopped providing service to Canadian residents - Personally I like a leverage of 400:1 and above, am no newbie lol, that accepts or provides services to Canada but there's none now, the only ones here provide a leverage of 50:1 or 30:1 etc. Geez; if you know any please let me...
If I hear any new information I will!
  • #43
  • Aug 21, 2019 8:57pm Aug 21, 2019 8:57pm
who are the go to brokers these days fellas?
  • #44
  • Aug 22, 2019 6:02am Aug 22, 2019 6:02am
Quoting dazers
who are the go to brokers these days fellas?
Here you go

https://forums.babypips.com/t/going-...ftc/35612/7525
  • #46
  • Aug 31, 2019 2:09pm Aug 31, 2019 2:09pm
Quoting dazers
who are the go to brokers these days fellas?
Easy, IC Markets and I should know as I also trade with 5 other brokers.
Trading thin liquidity at the boundary of the charts
  • #47
  • Sep 2, 2019 2:12am Sep 2, 2019 2:12am
Quoting RickM
{quote} Easy, IC Markets and I should know as I also trade with 5 other brokers.
Wow 5 others? Why's that, out of interest? Spreading risk or just different instruments and conditions?
  • #48
  • Sep 2, 2019 3:11am Sep 2, 2019 3:11am
Quoting HairyHarley
{quote} Wow 5 others? Why's that, out of interest? Spreading risk or just different instruments and conditions?
You never know if a broker is good or bad tell you try them out. For example Axitrader offers good spreads on paper. However they are not the same spreads as they promised me and it can take 5 seconds to execute withs is terrible if you are a scalper like me.
I just open accounts and keep them open incase I decide to try them in the future.
I would say IC Markets easily the best then Pepperstone number 2.
Trading thin liquidity at the boundary of the charts
  • #49
  • Sep 2, 2019 3:58pm Sep 2, 2019 3:58pm
Quoting RickM
{quote} You never know if a broker is good or bad tell you try them out. For example Axitrader offers good spreads on paper. However they are not the same spreads as they promised me and it can take 5 seconds to execute withs is terrible if you are a scalper like me. I just open accounts and keep them open incase I decide to try them in the future. I would say IC Markets easily the best then Pepperstone number 2.
That makes sense, thanks for the reply :-)
  • #50
  • Sep 2, 2019 6:43pm Sep 2, 2019 6:43pm
Quoting RickM
{quote} You never know if a broker is good or bad tell you try them out. For example Axitrader offers good spreads on paper. However they are not the same spreads as they promised me and it can take 5 seconds to execute withs is terrible if you are a scalper like me. I just open accounts and keep them open incase I decide to try them in the future. I would say IC Markets easily the best then Pepperstone number 2.
any thoughts on pros and cons for IC Markets (or other brokers you have used) appreciated. Some things you look for in a broker might not matter to me / others and vice versa.
Hope for the best, prepare for the worst.
  • #51
  • Sep 22, 2019 10:02pm Sep 22, 2019 10:02pm
Anyone know of a broker offering both CME futures data and forex on Metatrader..?
  • #52
  • Sep 22, 2019 10:38pm Sep 22, 2019 10:38pm
Quoting dab
{quote} any thoughts on pros and cons for IC Markets (or other brokers you have used) appreciated. Some things you look for in a broker might not matter to me / others and vice versa.
Hi Dab

Sorry missed your question. Setting up a demo account with any broker is free so why not set up 4 or 5 demos up and compare them at the same time. The sales pitch you get about good a broker having great speed and spreads isn’t actually correct. For example spreads can be double what they promise. Spread of execution can be lousy.
Overall, I like IC Markets and Pepperstone
Trading thin liquidity at the boundary of the charts
  • #53
  • Sep 26, 2019 6:34pm Sep 26, 2019 6:34pm
Quoting RickM
{quote} Hi Dab Sorry missed your question. Setting up a demo account with any broker is free so why not set up 4 or 5 demos up and compare them at the same time. The sales pitch you get about good a broker having great speed and spreads isn’t actually correct. For example spreads can be double what they promise. Spread of execution can be lousy. Overall, I like IC Markets and Pepperstone
I appreciate the suggestion, it's just that the cynic in me wonders about differences in operation between real and demo accounts.
Hope for the best, prepare for the worst.
  • #54
  • Sep 26, 2019 8:36pm Sep 26, 2019 8:36pm
Quoting dab
{quote} I appreciate the suggestion, it's just that the cynic in me wonders about differences in operation between real and demo accounts.
You can’t tell who is good broker from a good demo chart but you can tell a broker is bad when even his demo chart lags with bad execution speed.
The bigger picture however isn’t good for traders.
Brokers use different servers to run clients live charts on and they all give different results.
For example I have run the same Algo on three different IC Markets live accounts and I have ended up with 3 different profit results. When I questioned the broker, they just told me it’s a server issue.

So you better be trading a strategy that has got a good edge or you stand no chance.
Trading thin liquidity at the boundary of the charts
  • #55
  • Sep 26, 2019 8:49pm Sep 26, 2019 8:49pm
Very well said sir and very true indeed, brokers don't care about the quality of the signal as long as the client looses their trades and they benefit lol
  • #56
  • Oct 18, 2019 1:04pm Oct 18, 2019 1:04pm
Good day fellas, has anyone got any experience with Hugo's Way here - any feed back please, thanks
  • #57
  • Oct 19, 2019 3:19am Oct 19, 2019 3:19am
Quoting PoundTrader
{quote} Here you go https://forums.babypips.com/t/going-...ftc/35612/7525
I chose turnkey forex after referring from this thread only. The list is quite good, plus people keep updating it from time to time, that’s a bonus.
  • #58
  • Mar 26, 2020 11:46pm Mar 26, 2020 11:46pm
Brokers asic also, not very rare. What I think you need best here is spread
  • #59
  • Apr 24, 2020 6:51am Apr 24, 2020 6:51am
I know Australian brokers here: ETORO specializes in copying trades and FPMarkets has low spread
  • #60
  • Last Post: Apr 28, 2020 8:12pm Apr 28, 2020 8:12pm
Does anyone know when the new leverage limitation is coming into effect?
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