Australian brokers are at a distinct disadvantage to the rest of the world. There is one single link connecting australia to the rest. So all these brokers which are by the way are regulated by a ASIC, are really just waiting to have these problems. Just look at this thread. So many issues. I know all the scam story about we have servers from timbaktu to antartica and hence we have no delays. In realty the main server is what feeds. If one link in the chain has a delay, it percolates down.
On the other hand EU based and other brokers will be better off because of better connectivity. I have lesser complains with FXCM even if they are just a big mafia.
ASIC is a scam regulator. These guys can get anyone as a broker who can bring 1 mil or 5 mil and show it on a balance sheet. Once these tom dick and harry get their precious ASIC regulation, they go off into a marketing spiral to con people. It is via spreads that they normally con people.
By the way I was just going around the web and I even found a signal provider with ASIC regulation. lol. That takes the cake. go to a site called forexsignals.com. They are saying they are ASIC regulated. So is ASIC regulating each of the con artist(signal guys) out there?
We need a thorouugh cleansing of this market and it starts with ASIC. They seem to be the very nerve center of this racquet.
sO NEXT TIME YOU SEE THE WORD "ASIC REGULATED", Run and dont look back.
On the other hand EU based and other brokers will be better off because of better connectivity. I have lesser complains with FXCM even if they are just a big mafia.
ASIC is a scam regulator. These guys can get anyone as a broker who can bring 1 mil or 5 mil and show it on a balance sheet. Once these tom dick and harry get their precious ASIC regulation, they go off into a marketing spiral to con people. It is via spreads that they normally con people.
By the way I was just going around the web and I even found a signal provider with ASIC regulation. lol. That takes the cake. go to a site called forexsignals.com. They are saying they are ASIC regulated. So is ASIC regulating each of the con artist(signal guys) out there?
We need a thorouugh cleansing of this market and it starts with ASIC. They seem to be the very nerve center of this racquet.
sO NEXT TIME YOU SEE THE WORD "ASIC REGULATED", Run and dont look back.