Why trade with Australian Brokers ? | Forex Factory

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Why trade with Australian Brokers ?

  • #1
  • First Post: May 20, 2016 7:48am May 20, 2016 7:48am
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 .
  • #2
  • May 20, 2016 7:56am May 20, 2016 7:56am
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
  • #3
  • May 20, 2016 8:13am May 20, 2016 8:13am
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.
  • #4
  • Last Post: May 20, 2016 8:45am May 20, 2016 8:45am
I trade with both UK and AU brokers, but trading conditions on AU brokers are usually better
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