Seychelles or Vanuatu, which is more trustworthy?

[cheunt3]

Happy Easter everyone.

My Aussie broker got screwed by their local financial regulatory body and reduced their leverage to literal nazi level 1:30/1:20 for locals.

Since I am not a local, I can skirt those rules and still trade with them @1:100 but I have to choose between Seychelles FSC or Vanuatu VFSC as the contracting entity for that broker.

I like that broker because they have trading receipts but not sure which regulatory body to choose from FSC or VFSC.

Does anyone have any experience with any of these two?

I feel Seychelles because I have heard it many times in the past but I don't really know.