We are reaching out to you regarding your request to migrate your account to our ASIC entity (FM Australia).
Unfortunately, clients from India are not eligible to trade with the ASIC entity at this point in time. I'm sorry if this is not the answer you were expecting, you can still use VFSC to trade with us.
As you are aware, the leverage for trading with ASIC has been reduced to 1:30 last March 2021. We recommend you stay with VFSC due to the impact on the amount of margin you will need to trade and your overall trading experience. Rest assured that the trading conditions e.g. Spreads and commissions are the same and the client money is still held with a top-tier bank, i.e. HSBC.
We cannot thank you enough for your patience and understanding regarding the matter.