As the title indicates, I am searching for suggestions for a reputable Forex/CFD broker with reasonable leverage ratios and spreads.
Since I’m from the Caribbean, saving $1,000 or $2,000 to use for trading is a little challenging for me (though I’m looking for new opportunities with higher salaries). I’m currently using AdmiralMarkets, though its execution speed is not the best, it has low spreads and a good leverage ratio (up to 1:500).
Since the new ASIC regulations force brokers to reduce margins to 1:30 max, I’m looking for a broker that could offer at least 1:200 leverage and not based on Australia, so I can throw $50 or $100 at it and make trades as I am currently doing.
Regards ahead of time.