Top Australian Binary Options Brokers - Trading In Australia

ASIC Regulation Thread - Regarding the proposed changes ( Australians effected the most )

I'm hopeless at formatting text, so if you think you can structure this post better take everything i write and put it into an easy to digest way. I'm just going to type out everything i know in text as fast as possible. I'm not a legal expert, I'm not somehow who understands every bit of information in the PDF's below, but i know I'm a retail trader that uses leverage to make profit which is why I'm posting this, in the hope that someone who can run a charge better than me, will.
Some of you are already aware of what might be happening, this is just a post to educate retail traders on changes that might be coming to certain brokers. This effects Australian Customers the most, but also effects those living in other countries that use Australian brokers, such as Pepperstone and others.
Last year in August 2019, ASIC ( Australian Securities and Investments Commission ) was concerned about retail traders going into Forex and Binary options without understanding these instruments properly and started sticking their noses in for tough regulation.
ASIC asked brokers and anyone with interest in the industry to write to them and explain what should and should not change from the changes they proposed, some of the proposed changes are very misguided and come from a lack of understanding exactly how OTC derivatives actually work.
I will provide the link to the paper further down so you can read it yourself and i will provide a link to all the submission made by all parties that sent submissions to ASIC, however the 2 main points of debate are:
1, To reduce the overall leverage available to retail traders to either 20:1 or 30:1. This means people who currently use leverage such as 100:1 to 500:1 and everything in between will be effected the most, even more so are those traders with relatively small accounts, meaning in order to get your foot in the door to trading you will need more capital for it to be viable.
^^ This point above is very important.
2, The removing of Binary options trading, which basically includes products like "Bet if gold will rise to this price in the next 30 seconds" This sort of stuff. So far from all the submissions from brokers and individuals nobody really cares if this changes as far as i know, though if you have concerns about this i would start voicing your disapproval. Though i would not waste your time here, all is pointing to this being eradicated completely with brokers also supporting the changes, I've never used such a product and know very little about them.
^^ This point above isn't very important and will probably be enforced in the future.
Still to this day i see retail traders not understanding leverage, they think of it as "dangerous and scary", it's not, position size is the real danger, not leverage. So ASIC is aiming to limit retail traders access to high leverage, they are claiming it is a way to protect traders who don't really understand what they are getting into by attacking leverage and not the real problem which is position size relative to your capital.
If it was truly about protecting retail traders from blowing up their accounts, they would look for ways to educate traders on "understanding position sizes and why it's important" rather than attacking leverage, but their goal is misguided or has an ulterior motive . I will give you a small example below.
EXAMPLE - We will use 2 demo accounts for demonstration purposes. If you don't understand my example, i suggest you try it for yourself. - Skip if not interested in examples.
Lets say we open 2 demo accounts with $1000 in both, one with 20:1 leverage and one with 500:1 leverage and we open an identical position on both accounts ( say a micro lot '0.01' on EURUSD ). You are safer on the 500:1 account as you don't need to put up as much margin as collateral as you would on the 20:1. If the trade we just opened goes against us and continues against us, the account with 20:1 leverage will run out of free margin a lot faster than the 500:1 account. In this simple example is shows you that leverage is not dangerous but safer and gives you a lot more breathing room. This trade was a small micro lot, so it would take hundreds of pips movements to get margin called and blow up that $1000 on each account. Lets now use a different position size to truly understand why retail traders blow up accounts and is the reason why trading can be dangerous.
This time instead of opening a micro lot of '0.01' on our $1000 dollar demo accounts, lets open a position size much larger, 5 lots. Remember we only have $1000 and we are about to open a position much larger relative to our capital ( which we should never do because we can't afford to do that ) the 20:1 probably wont even let you place that trade if you don't have enough margin as collateral or if you could open the position you would have a very tiny amount of free margin left over, meaning a small pip movement against you will instantly blow up your $1000 account. On the 500:1 account you wouldn't need to put up as much margin as collateral with more free margin if the trade goes bad, but again a small movement could blow up your account. In this example, both accounts were dangerous because the lack of understanding position sizes, opening a position you can't afford to open. This is what the true danger is, not the leverage.
Even in the second example, the higher leverage would "margin call" you out later. So i would go as far to say that lower leverage is more dangerous for you because it margin calls you out faster and just by having a lower leverage doesn't stop you from opening big positions that can blow you up in a 5 pip movement anymore, any leverage size is dangerous if you're opening positions you can't afford to open. This is also taking into consideration that no risk management is being used, with risk management higher leverage is even more powerful.
ASIC believes lowering leverage will stop people opening positions that they can't afford. When the reality is no matter how much capital you have $500, $1000, $5000, $50,000, $500,000, $5,000,000. You don't open position sizes that will blow that capital up completely with small movements. The same thing can happen on a 20:1 or 500:1 account.
Leverage is a tool, use it, if your on a lower leverage already such as 20:1, 30:1 it means your country has been regulated and you already have harder trading conditions. Just remember higher leverage allows you to open larger position sizes in total for the amount of money you own, but the issue is NOT that your using the higher leverage but because you are opening positions you can't afford, for what ever reason that is, the only fix for this is education and will not be fixed by simply lowing leverage, since you can just as easy blow up your account on low leverage just as fast or if not faster.
So what is going on?
There might ( get your tinfoil hats on ) be more that is involved here, deeper than you think, other agendas to try and stop small time retail traders from making money via OTC products, theories such as governments not wanting their citizens to be traders, rather would prefer you to get out there and work a 9 to 5 instead. Effective ways to do this would be making conditions harder with a much larger barrier of entry and the best way to increase the barrier of entry for retail traders is to limit leverage, lower leverage means you need to put up more money, less breathing room for trades, lower potential. They are limiting your upside potential and the downside stays the same, a blown account is a blow account.
Think of leverage as a weapon, a person wielding a butchers knife can probably destroy a person wielding a steak knife, but both knifes can prove fatal. They want to make sure your holding the butter knife then tell you to butcher a cow with it. 30:1 leverage is still workable and can still be profitable, but not as profitable as 500:1 accounts. This is why they are allowing professionals to use high leverage, this gives them another edge over successful retail traders who will still be trying to butcher a cow with a butter knife, while they are slaying limbs off the cow with machetes.
It's a way to hamstring you and keep you away rather than trying to "protect" you. The real danger is not leverage, they are barking up the wrong tree, how convenient to be barking up the very tree most retail traders don't fully understand ( leverage) , pass legislation to make trading conditions harder and at the same time push the narrative that trading is dangerous by making it even harder. A full circle strategy to make your trading conditions worse, so you don't succeed.
Listen carefully especially if you trade with any of the brokers that have provided their submissions to ASIC. Brokers want to seem like they are on your side and so far some of the submissions ( i haven't read them all ) have brokers willing to drop their leverage down to 30:1 because they know by dropping the leverage down it will start margin calling out their clients at a much faster rate, causing more blown up accounts / abandoned accounts with residual margin called funds, but they also know that if they make trading environments too hard less people will trade or even worse move their funds elsewhere offshore to unregulated brokers that offer higher leverage.
Right now it's all just a proposal, but as governments expand and continue to gain more control over it's citizens, it's just a matter of time till it's law, it's up to you to be vocal about it, let your broker know that if they drop their leverage, you're out, force them to fight for you.
If you have any more information related to this, or have anything to add, post below. I'm not an expert at this technical law talk, i know that i do well with 500:1 leverage and turn profits with it, it would be harder for me to do on a lower leverage, this is the reason for my post.
All related documents HERE
CP-322 ( Consultation paper 322 ) & Submissions from brokers and others.
https://asic.gov.au/regulatory-resources/find-a-document/consultation-papers/cp-322-product-intervention-otc-binary-options-and-cfds/
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The Money Glitch Software Review - System by Selena Fairbrother Scam?

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http://theinsiderjohn.com/money-glitch-system-review-unique-software-scam-honest-review/
The Money Glitch is simply a free training given by Selena Fairbrother, who may have made vast amounts of money trading in Forex and stock markets. The Money Glitch tells you howto trade in binary options easily with huge profits. This really is a new and advanced options trading system approach that will highlight how to bank $957 per day without having risk!
Selena Fairbrother has produced many products within the “Making Money” niche that have all helped people generate income. We all know he or she is greater than capable so I reserved a copy of The Money Glitch yesterday. I am pretty amazed with the first day outcomes of while using system.
The Money Glitch System Review - My Story
The ‘system’ itself is very easy, and straightforward for a newbie like myself. Basically we are going to be ‘betting’ on Forex (currencies) to either rise or fall, this is done every minute. So I bet you are thinking, well how do I know which currency to ‘bet’ on?
Well that’s easy. By the side of each currency, you see the what the market has ‘bet’ on as a percentage. These guys determine what they are doing, and are generally the real stock trading traders,big banks etc. As an example, let’s say we pick the US Dollar against the AUD (Australian Dollar)you will realize a share that might be something like 83% Rise 17% Drop - this is what everyone else thinks will happen next.
binary options can be a new and exciting type of investment, to purchase (call option) or sell (put option) a particular currency pair at a specified price (called the exercise price) at a certain date (expiration date). In order to get the underlying asset or sell it off, spend the money for upfront premium towards the option seller. And supports using this right or exercise of market conditions at that time the possibility expires. The options allow foreign currency trading the possibility of achieving profits with all the high price of the currency pair or fall.
The major benefit from trading binary options is that you may create a trade quickly and generate profits as fast as without a minute! Although binary options is definitely a profitable and effective ways to earn money through trading, there are very few people actually earn money from it! If you do it blindly, the main reason is many people do not know exactly the correct ways to trade binary options, and it is very dangerous! binary options possess some RISK from it,that is why it is actually so profitable. The Money Glitch System complete eliminate the risk through giving you FREE training and proven system to earn money from binary options.
Another great thing I like about The Money Glitch System is once you open a binary options account you don’t need to risk real money at first, you can actually trade on a demo account and master the system before you start to put in real money to generate profits. Sounds pretty cool, right? Well it is…
It can be completely risk-free as I've tried it myself.
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Here’s what you will find within your Members Area:
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Fantasy Stock Pro Review - Ryan Harper's new day trading software strategies Is is Scam or best penny stocks listing

Fantasy Stock Pro Review - Ryan Harper's new day trading software strategies Is is Scam or best penny stocks listing Helo, viewers we have made a under processing review about "Fantasy Stock Pro" which will update step by step how this day trading stock picks perform in market. Fantasy Stock Pro's Ryan Harper promises very high and quick returns to it's traders. But is this online stock investing software system a scam or it is best trading penny stocks in the market? Free download Fantasy Stock Pro as now hot day trading penny stock.
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My Fantasy Stock Pro Review
Binary option trading software is simply and one of the best way to execute winning trades without analyzing charts and following the market conditions but some trading platforms can prove to be a scam. The main header of the official website is the first thing we noticed that is not legitimate.
We see messages like this, normally in the binary options market with engineers attempting to make their items appear to be more imperative than they really are. Ryan Harper, creator of the software, trusts that he can instruct individuals to utilize his platform to make unbelievable huge profits of dollars every week.
Does Fantasy Stock Pro Scam
The Fantasy Stock Pro page likewise comprises of a story that clarifies how Ryan Harper ran over this technique. He let the traders know that he lives in Las Vegas and was really beginning to bring home profits playing blackjack yet, in the end, he came to the end of the month and he was dead bankrupt. In spite of the way that he was rendered bankrupt from playing blackjack he felt that he could utilize his blackjack system while trading stocks.
Ryan claims it’s conceivable to take 500 dollars and transformed into 500,000 and just 5 exchanges. There is no real proof that this software really works and this is the reason why we not recommend you to invest in another more reliable and trustworthy binary options system.
Is Fantasy Stock Pro Auto Trading Software
We won’t be recommending Fantasy Stock Pro software in light of the fact that it’s not an approved binary options trading software and the deals page does not persuade this is much else besides a “get rich fast” plans. As it’s highly unlikely for a free software to make you a millionaire in a matter of 5 minutes. So the traders should pay attention towards the privacy policy and agreements of the site as it does not seem legit to us.
Conclusion
After detailed investigation our team concluded that this Binary Robot is not safe. The lack of real and unbiased reviews on the Internet only increases our uncertainty. After opening an account with this auto-trading system, we have not yet achieved the profits advertised on their sales page. Unfortunately we cannot confirm that this robot is decent. .
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Legal Insider Bot Review - My Result Using Legal Insider Bot-The Truth Revealed

Legal Insider Bot Review:
Welcome to my Legal Insider Bot Review. You’re landing in this page proof that you are searching Legal Insider Bot review. I was in the same situation where you are at now. I also tried to find some real review before I download the software. But unfortunately I didn't find any review that could helped me on that time. That’s why I decide to write an in-depth Legal Insider Bot review to help you out. So let’s start…
Legal Insider Bot Review - What is Legal Insider Bot All About?
Legal Insider Bot is a binary options trading software. It just launched some days ago and it seems one of the best binary options trading software out there in the market. If you don’t have good idea about what binary options trading is then I suggest you to read this post to know about binary options trading. Legal Insider Bot is created by Greg Marks to help other trader who want to trade binary options as well.
The best thing about Legal Insider Bot is you can make safe trade with it and can increase your gain rate higher than before.
Legal Insider Bot Review:
I hope you already know what binary options trading. In binary options trading you have to have wining trade in order to make profit. Legal Insider Bot is software that designed to help you to find out the wining signals and make profit. The software is getting almost 90% accuracy rate and its really cool enough. Let’s calculate it. If you lose 10% of your trade and win 90% then what you are going to have? You still make profit with it and it’s guaranteed. Some question should be in your mind now... How does the software provide almost 90% winning trade? And believe me this is a good question if it is on your mind. I also had the same question and I started researched online to find out the answer and I did find it. Legal Insider Bot will research the market and find out the wining trade for you. So you will make profit using the software.
The "software" itself is exceptionally straightforward and straightforward actually for an amateur like me. Basically we will be "wagering" on Forex (monetary forms) to either climb or fall, this is carried out consistently. So I wager you are considering, admirably how would I know which coin to "wager" on?
Well that is simple. By the side of every cash, you see the business has "wagered" on as a rate. These fellows realize what they are doing, and they are the genuine stock exchange traders, big banks and so forth. Case in point, we should say we pick the US Dollar against the AUD (Australian Dollar) you will see a rate that will be something like 90% Rise 10% Drop – this is the thing that other people thinks will happen next.
The best thing of binary optinons trading is you will be able to make money within a minute. Although binary options is the effective way to make money. But not too many people are using this way to make money and the only reason behind this is they don’t know how to do all the things properly. It’s very risky if you start doing this blindly.
Legal Insider Bot Review - How Legal Insider Bot Works?
Legal Insider Bot normally research the market and find the wining trade. When it got a wining trade then it will automatically show you the put button that is green button mainly and the other hand if the software finds a market where the price will goes down then it will show red button to you. It’s really simple to use and fully user friendly.
Here is what you will get inside Legal Insider Bot:
Completely free binary options training given. Show you exactly systematic ways to trade in binary options easily for huge profits Recommend you use their selected binary option brokers/traders as they are hugely experience and very familiar with the Online Wealth Plan System.
Why Use Legal Insider Bot?
Legal Insider Bot is another, computerized trading administration that shows to traders the best expectations for their investment. It has a few points of interest, highlighted by the accompanying:
That’s it! Once you put the money on your account you will be fully ready and get access to start trading. It’s simple, isn’t it?
Bottom Line:
As I am using the software and already getting some good result so I will recommend the software for you guys. If you are realy commited to make some good money with binary options trading then you will be needing a signal software and Legal Insider Bot is the best binary options trading software out there in the current market. So What are you waiting for go and get the software NOW!
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60 Seconds binary options strategy 99 - 100% Winning (100% ...

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