{quote} Hey ho. That was meant as a joke. I am not interested in other people's trading performance. There is nothing wrong with the brokers mentioned above. If you are interested in trading with one of them, you should give them a try.
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I am from Australia and wanting to trade again. I had some success scalping, but then I gave up after I recovered from an injury and went back to fulltime work. For Forex brokers in Australia; it is now 30:1 leverage for FX majors. I wanted to trade Fx here in Aus but finding a decent broker is like finding a needle in a haystack. I was thinking about learning to trade futures instead. Any feedback would be appreciated or broker suggestion here? Thanks
I have used/still use Pepperstone, ICMarkets, FpMarkets, Blueberry, Axi, Go Markets and VantageFX. You will always get 1:30 leverage unless you go Pro (similar to sophisticated investor).
I only use "raw" type accounts" and the best commission is VantageFX which is $2 round trip per lot (that is good for your scalping if using small timeframes) ... the rest are $5 or $7 per round trip. Of course I never really know the true commission because of slippage etc but VantageFX are ok (I have no affiliation with anyone).
Stay away from 8cap - aka 8crap .. I can not replicate trades on that broker using the same EA and same setup ... for that reason something shady going on there.
{quote} I am from Australia and wanting to trade again. I had some success scalping, but then I gave up after I recovered from an injury and went back to fulltime work. For Forex brokers in Australia; it is now 30:1 leverage for FX majors. I wanted to trade Fx here in Aus but finding a decent broker is like finding a needle in a haystack. I was thinking about learning to trade futures instead. Any feedback would be appreciated or broker suggestion here? Thanks
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All top-tier regulated brokers are now 1:30. No matter if in the US, EU or Australia. Not sure about New Zealand.
If you need higher leverage you will probably have to obtain professional status or trade with a broker operating offshore e.g. Seychelles, Bahamas, Vanuatu etc.
You might want to have a look at BlackBullMarkets or TD365.
The regulatory body in my opinion is no help/protection anyway. Regulation is always too late (if your money is already gone).
Just look for brokers with good reputation and many happy customers and probably ones holding client funds in segregated accounts.
I am trading with IC Markets Seychelles, with 1:500 leverage. Trading with them for over 10 years already, but switched to Seychelles since 3 years. No issues on withdrawals, same execution speed and transaction costs as any other IC Markets regulators. Only issue at the moment is that they unfortunately do not accept European clients.. They are forced to go with CySEC, at least for the time being. So in case you live outside Europe and are interested in them, feel free to pm if you'd like more information.
I am trading with IC Markets Seychelles, with 1:500 leverage. Trading with them for over 10 years already, but switched to Seychelles since 3 years. No issues on withdrawals, same execution speed and transaction costs as any other IC Markets regulators. Only issue at the moment is that they unfortunately do not accept European clients.. They are forced to go with CySEC, at least for the time being. So in case you live outside Europe and are interested in them, feel free to pm if you'd like more information.
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Thank you, but I am going to start trading Futures and Option. I wish Australia had brokers like AMP global or Ninjatrader for Futures trading. Nothing like that here at the moment. Forex brokers and slippage are all too common..
