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Who you would sign with: Assigned by location: FSC Mauritius, FSA Seychelles or FSCA South Africa (FSP 52464). AFSL 421210 in Australia. Not on the FCA Register

The catch: Offshore for most clients, and Spain's CNMV lists a warning

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Capital at risk. CFDs are leveraged and most retail accounts lose money. Not financial advice.

Risk warning

Trading forex, contracts for difference, indices, commodities, cryptocurrencies and other leveraged products carries a high level of risk and can result in losses that exceed your initial deposit. Leveraged trading is not suitable for every investor. Consider your objectives, experience and risk appetite before opening any live account.

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KenMacro publishes institutional-grade macro analysis, broker reviews and trading frameworks for educational purposes. Nothing on this site, in our newsletters, on social media, in the MACRO MASTERY desk or any other channel constitutes personalised investment advice, a recommendation to trade, or a solicitation to buy or sell any financial product. KenMacro is not a regulated financial adviser. Always consult a qualified adviser in your jurisdiction before making any investment decision. Past performance, examples and case studies are illustrative of the desk's framework, not indicative of any specific future result.

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KenMacro is reader-supported. We earn commissions from broker and prop-firm partnerships, including (where applicable) those listed in our reviews and comparisons. Compensation never alters editorial verdicts. Every broker is reviewed against the same published methodology. Data is researched in good faith but may change; verify current terms with the broker directly before opening an account.

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