FSC Regulated Forex Brokers with the Highest Leverage
The Financial Services Commission (FSC) in Mauritius is one of forex broker's regulatory agencies from an offshore jurisdiction. Similar to many offshore regulatory agencies, FSC Mauritius is attractive to a lot of forex brokers as the license is much cheaper compared to other onshore forex licenses. The availability of an offline representative in Mauritius is also quite favorable to some brokers as the country is located near Europe.
Some forex brokers licensed under FSC Mauritius not only accepting clients from many countries, but also offering higher leverage so clients with small capitals can have better changes at gaining substantial profits. On the list below, you will find some FSC regulated forex brokers with the highest leverage.
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Financial Services Commission Mauritius is the primary non-bank financial services regulator based in Mauritius. The FSC itself was first established in 2001 and later on was mandated under the Mauritius Financial services act of 2007. The main activities of FSC Mauritius are to license, regulate, and monitor the non-bank financial services activity conducted on the island.
Continue Reading at 3 FSC Forex Regulations That You Should Know
Should scalpers use high leverage?
Yes, they may need to. Scalpers often feel dissatisfied with the profit they got as they collect only small profits. They think it is not worth all the efforts they make. To overcome this, a scalper can use leverage for their advantage. The higher their leverage, the lower their margins need to be. It means they can use the bigger lot sizes to increase their profit targets.
However, many experienced scalpers recommend beginners to use small leverage in the first three months of trading until they find a suitable and tested trading method.
Continue Reading at The Secrets of Successful Scalping Strategy
Why do brokers choose FSC Mauritius license?
The biggest pull factor for a forex brokerage company to get a Mauritius FSC license is the fact that it is a lot cheaper when compared to a European forex license. Unlike other jurisdictions, the FSC Mauritius allows forex brokers to offer higher leverage.
Mauritius is one of the few places that enforce the lowest tax obligation, which makes it attractive for many forex businesses to conduct the financial transaction in this jurisdiction. The other reason forex brokers choose Mauritius is that because it is not a blacklisted country.
Continue Reading at 3 FSC Forex Regulations That You Should Know
How does high leverage affect trader's psychology?
Leverage disguises the real amount of funds in our account and any changes on it. In return, it might dilute the trader's perception regarding how much money they have. Using high leverage is not forbidden, but it is not advised when the trader has lack of self discipline.
Continue Reading at Traps Hidden Under Forex Leverage And Margin
