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Nov 25 2020 at 07:57
14 posts
I think you better stay away from a broker that says so because it is possibly a scam that you may end up regretting later.

Nov 25 2020 at 10:00
333 posts
MattKoola posted:
I read somewhere that ASIC protests only Aussie funds. If an Australian (forex) broker becomes insolvent how does ASIC regulations make sure foreign client gets their deposits?

Since January 2020 ASIC/AFC regulated brokers are NOT allowed to onboard foreign clients anymore. Such brokers need to give you an account in your regulated territory then (like ESMA/Cysec for the whole EU, CTFC/NFA for USA, IFSC for offshore, FCA for UK, or similar).

patience is the key
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