ASIC alternatives after March 2021 (posting CFD restrictions)

Rhesus22

Junior member
15 1
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?

Thanks.
 
 
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