That’s a good way out for me.
There’s a big problem with brokers in Australia. The local regulation is very severe and it inevitably results in unfavorable trading conditions provided by Australian brokers. Of course, they have to come up with such restrictions because they are bound to obey local regulators. It makes many Australian traders look for foreign brokers. It’s so good that today we can make a couple of clicks for this.
I also needed a foreign broker and also made my search. I stumbled on FXCC and found its trading conditions very good. In Australia, we can’t trade with higher leverage because of strict regulation. FXCC offers to trade with high leverage. What’s more, it’s even possible to trade metals and crude with 1:500 - the thing I have never seen with other brokers.
3 years ago
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