Which Forex Broker ?

Now most Aussi brokers opened a subsidiary in some exotic country so they can move your account outside ASIC jurisdiction if you so wish
BUT that "exotic country subsidiary" will not be allowed to tout for business in Australia
by the way although ASIC is considered a good regulator with OTC fx the client money protection is piss poor, UK is much better

 

https://www.publicfinanceinternational.org/best-forex-brokers-in-australia/

 

It will be business as usual because ASIC cannot control overseas registered companies.

 

If the broker already has ASIC registered arm... then surely ASIC will have a say if the Overseas arms starts marketing themselves in AUS! ask IB.. one of the biggest regulated broker in USA.. they had to eventually register with ASIC , with respect to no ASIC registered overseas brokers sure they can get away with it ... but if things go wrong Australian consumers wont get any help from ASIC

 

At a minimum, the broker must be on the market for at least 7 years and have a good reputation among its competitors and, of course, the client

 

Im currently trading with M4Markets. They have a very high leverage 1:1000, but I am thinking of switching to their Elite Account as they have an offer now and they just want a minimum deposit of $250.

 

$250 being minimum deposit is quite high, should have gone for $100. How are the spreads looking?

 

Agreed, many even let you open accounts with a mere $5 these days.

 

Right? I had a visit to that website, is it just me or they copied XM's elements?

 

I'm a beginner in forex looking for a reliable broker to live trade with proper customer service, and a broker that has been active for ten or more years would be an advantage?