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ASIC or FCA regulated brokers for beginner traders

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  • ASIC or FCA regulated brokers for beginner traders

    Beginners need to choose a good broker before going live, and I see many traders have requested an ASIC or FCA broker.

    I recommend CMC Markets, Avatrade, and FP Markets, which are regulated by various government agencies such as ASIC, CYSEC, and the FCA.

  • #2
    Beginner traders can choose either an ASIC or FCA broker because a broker with regulation can be trusted, but it is also better to do a background check on them to see if they are suitable for your trading methods.

    For example, I use an ASIC broker, FP Markets, because it is suitable for scalping since their spreads are tighter and their slippage and commission costs are lower when compared to other brokers.