ASIC alternatives after March 2021 (posting CFD restrictions)

R

Rhesus

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?
 
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