Hi Lachlan,
Adding to Christian’s reply, the lack of investor compensation makes it important to:
- Choose a well-established, tightly-regulated company that is financially stable. For example, publicly traded brokers like IG (ASIC-regulated) are required to submit audited financial statements, painting a transparent picture of their financial health.
- Spread your investments to help manage risk. Day trading is high risk, especially if you’re interested in markets like cryptocurrency. You may want to consider additional investment vehicles and trading strategies.
