Hello everyone. After moving in 2018 from an ESMA regulated broker (being an EU citizen) to an ASIC regulated broker (ICMarkets), I will need to move again .... to an offshore broker I think. From March 2021, ASIC will be introducing a CFD leverage restriction (similar to ESMA). ICMarkets has come with a proposal: moving to its' offshore (Seychelles) version, but I have some doubts: I think that I will "test" this offshore version of ICMarkets just with 1000$. What are risks involved in trading with an (un)regulated broker? May I have surprises with withdrawals? Or with executing orders? What alternatives can you offer after ESMA & ASIC restrictions? It's hard to find a NonESMA/NonASIC regulated broker ... Thanks.
Thanks. Are they safe? Are you using them? (I mean the Bahamas branch..., coz I have no doubt about UK branch) ... I am really afraid to put 1000$ and afterwards refusing my withdrawals...
I didn't use to work with offshore brokers (Bahamas/Seychelles). I was trading CFDs only with ESMA/ASIC regulated brokers (without having issues on withdrawals). Now, given the new restrictions, I am forced to move to an unregulated broker... What can you say about Activtrade &CME? Also, what about ICMarkets proposal to move to their Seychelles based company?
Look at Global markets - FCA in UK or their office in BVI https://global.markets.com/en/?&int...rade CFDs on FX, Stocks & more | Markets.com# or -as ZBZB states -look at Futures ( Micro and E-Mini's for example) on CME ?