Any Australian based traders with Blueberry Markets (ASIC) using the Ctrader Platform...? Have been trading these Markets (FXPro, Pepperstone, ICMarkets) for nearly 10 years and have seen some strange stuff over this time... Just tried to open a LIVE account with them and failed their suitability quiz... Twice...!! Not the FX/CFD knowledge assessment, didn't even get to that.... But a risk, net worth, trading history questionnaire that apparently ASIC is insisting they vet new signups with.... I answered all the risk questions as cautiously as possible... And yes I met all the fiscal criteria...
We're not talking Funded Account here either.... Just a normal self funded retail account. Something doesn't seem right... Came as a bit of an eye opener having never failed with any Brokers to open a live account... My guess is they are bulking up on lightly regulated (Mauritius/Vanuatu) Asian clientele over ASIC shrouded Australian Traders...
Gradually moving most of my investing across to passive earning ETFs at the moment so it's not the end of the world...
We're not talking Funded Account here either.... Just a normal self funded retail account. Something doesn't seem right... Came as a bit of an eye opener having never failed with any Brokers to open a live account... My guess is they are bulking up on lightly regulated (Mauritius/Vanuatu) Asian clientele over ASIC shrouded Australian Traders...
Gradually moving most of my investing across to passive earning ETFs at the moment so it's not the end of the world...