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  • Australia goes after forex brokers

    Be interesting to see if brokers like IC Markets and Synergy will get slapped at all cause Pepperstone was. http://www.smh.com.au/business/asic-...13-115d26.html

  • #2
    thank you for the link is always good to have more information about a fx broker that you want to open an account forex.
    best forex brokers

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    • #3
      Anyone else surprised at the suggestion that Aussie brokers are actually some of the least secure in the world?

      Curious to hear people's thoughts on the article below. The implications for reduced leverage and unquarantined client funds is very significant.

      http://www.afr.com/markets/turnbull-...0160104-glzdcv

      Comment


      • #4
        Originally posted by simonb View Post
        Anyone else surprised at the suggestion that Aussie brokers are actually some of the least secure in the world?

        Curious to hear people's thoughts on the article below. The implications for reduced leverage and unquarantined client funds is very significant.

        http://www.afr.com/markets/turnbull-...0160104-glzdcv
        Interesting article Simon. You're correct in thinking that ASIC regulation isn't an absolute safeguard. There are a handful of regulated brokers that I wouldn't touch due to my own experience and stories that I've heard from being in the industry for as long as I have.

        I don't personally have any concerns around the guys we work with being Axi, IC and Global Prime having met the CEO's of each brokerage multiple times over the years.

        Should regulators reduce leverage as I expect over the next few years, it won't effect what we're doing here. Most of our traders are using leverage well below 20:1 most of the time.
        Would you like free lifetime access to our forex trading room?

        Open an account at Blueberry Markets and save the $97/monthly fee.

        Click here to find out more.

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        • #5
          Thanks for sharing your thoughts Nick. I was under the impression that fund segregation was already mandated by law, so it was interesting to learn otherwise. I'm comfortable that Axi and co operate responsibly, but my trust is never absolute.

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          • #6
            Originally posted by Nick View Post
            Interesting article Simon. You're correct in thinking that ASIC regulation isn't an absolute safeguard. There are a handful of regulated brokers that I wouldn't touch due to my own experience and stories that I've heard from being in the industry for as long as I have.

            I don't personally have any concerns around the guys we work with being Axi, IC and Global Prime having met the CEO's of each brokerage multiple times over the years.

            Should regulators reduce leverage as I expect over the next few years, it won't effect what we're doing here. Most of our traders are using leverage well below 20:1 most of the time.
            Are you still working with Ruzien and Mt. Cook?

            Comment


            • #7
              Originally posted by Big River Man View Post
              Are you still working with Ruzien and Mt. Cook?
              Yeah, still trading with both, more so with Mt Cook.
              Would you like free lifetime access to our forex trading room?

              Open an account at Blueberry Markets and save the $97/monthly fee.

              Click here to find out more.

              Comment


              • #8
                Originally posted by Big River Man View Post
                Are you still working with Ruzien and Mt. Cook?
                Yeah, still trading with both, more so with Mt Cook.
                Would you like free lifetime access to our forex trading room?

                Open an account at Blueberry Markets and save the $97/monthly fee.

                Click here to find out more.

                Comment


                • #9
                  Originally posted by Nick View Post
                  Yeah, still trading with both, more so with Mt Cook.
                  Is there something wrong with your mouse button all your replies today have been duplicated....unless it's Tapatalk

                  Comment


                  • #10
                    Originally posted by Big River Man View Post
                    Is there something wrong with your mouse button all your replies today have been duplicated....unless it's Tapatalk
                    Daniel just put a fix in place, let's see if it worked.
                    Would you like free lifetime access to our forex trading room?

                    Open an account at Blueberry Markets and save the $97/monthly fee.

                    Click here to find out more.

                    Comment

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