Thanks for taking the time to put together this list. Another one that offers crypto is ICMarkets, and they've been reasonable in terms of pricing so far. They're also true ECN, which means they compile their prices from their liquidity providers to give the retailer the best one, instead of most brokers who are market makers and take on losing trades for their own gain.
Another consideration is ease of withdrawal. Some brokers make it near impossible for you to cash out once making a profit. That's hard to know for sure so its something you've gotta test in small amounts before committing.
Wise suggestion but I IC makets does not accept trader from US and Canada… don’t know about their stance on ESMA at the moment will they will eventually hv to comply with that also.. the main focus of the list is to pen down brokers that are trustworthy and take us Canada and EU clients being offshore/unregulated.
Ah really, I wasn't aware of that. I thought that they did accept Canadian clients but must have been mistaken. I don't know what they are regulated under in Australia, but I would assume it falls under similar parameters?
The problem I have with brokers that are regulated under US/Canadian standards is their huge margin requirements. IC has significantly lower requirements for crypto and forex (I can't remember how much), and standard requirements for other assets.
Has anyone had successful withdrawals from these brokers listed above that they would like to share?
IC markets is good broker but being an ASIC broker but they don't take US Canada clients. ASIC has an MOU with CFTC and IIROC and they are obliged to comply with these regulatory bodies and not onbroad american clients.
And i hv tried coinexx from the list.. good broker with amamzing spreads. I get $10 spread on btcusd from pepperstone and coinexx spread at its worst/widest is $3... requested a withdrawal after making few bucks and it was recived in time with no extra fees charged on top of it. Im not used to such brokers lol i always had been trading with deposit fees withdrawal fees, then crypto network fees.. and coinexx comes as a pleasant surprise though i was pretty skeptical before trying them.
Show Posts
