Lately I have been considering about changing the regulator of my broker. I live in Spain so I always chose brokers regulated in Cyprus (CySec). But I have been comparing IC Market's CySec and ASIC (Australia) versions, and I happened to find that the ASIC version is much better overall.
Leverage: CySec 10-30 vs ASIC 200-500, both 50% stop out margin.
Raw account commissions: CySec 7€ vs ASIC 5,50€ (standard lot roundturn)
Many more funding and withdrawal options for ASIC than for CySec.
CySec has negative balance protection while ASIC has not, however, I find that with that low leverage, in case of a market gap you almost always end up paying the losses yourself anyway.
One thing I know is that they're not allowed to advertise the ASIC version in Europe, so that directs almost all european customers to the CySec despite apparently being worse.
So, what do you think? Am I missing something? Is the ASIC version really better than the CySec for this broker?