I'm looking for a broker who has a leverage of 1:500 and a small spread. Since how many brokers adhere to ESMA restrictions, there are difficulties with trade.
Check the broker section of this forum! There have thousands of brokers according to your choice.
Thanks for helping. I'll do so.
What broker do you prefer?
I am quite happy with all three :)
Another point I forgot to mention, it is always best to split your capital amongst a few brokers for your trading, this way you can have a way to compare performance of the broker and the market conditions, plus you are not fully exposed in the event a broker goes bust and goes in to liquidation.
So say you have $15,000 that you will be investing, its is best to allocate say $5,000 to Tickmill, $5,000 to Pepperstone and $5,000 to ICMarkets. This way all your eggs are spread across different baskets :)
Also so you are not managing multiple accounts depending on your strategy, you could trade off one account and use a trade copier (I love FXBlue trade copier - it is great plus its free!) to copy your trading to the other broker accounts (Sadly this setup does not work great on scalping, but works ok on other strategies!)