SharePosts by horse1bun
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[quote]
OceansideForex posted:
IBC's will no longer work as of late last year. I confirmed this with the legal team at my broker of choice.
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Yes they want you to think that forex brokers are omnipotent wizards who can see the future with a crystal ball...
C'mon man think about, ofcourse they are going to tell you that same line of garbage to dissuade anyone who asks from trying it which like pip-g said is easy if they can't find out it's you.
It's not in their best interest to say "yes you can do this"
most lawyers only ever tell ppl what NOT to do, lol!
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I hear central america has affordable beachfront property...
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-well- slap my broadside with a porcupine, I'm sold!
Where do I sign up, oh, and, what were you selling again?
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hahaha I tried to buy silver from kitco once... My bank refused the transaction, they claim they tried to call me, yea right...
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watch your leverage, i guess
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Not Actual Prize Money.
I started this thread while lamenting a time when we could use any broker in the world we wanted, and complaining that we couldn't anymore, because Rule 1 of the contest was that a person from USA can't receive a prize. I got distracted and didn't read the rest of the rules.
Now after I read what rule 2 says,
"b) The funds will remain in the account for a duration of three (3) months and can be used for trading. Once the three month period ends, DF Markets will withdraw the funds from the client’s account (Winners can withdraw all profits made within those ......
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haha thanks splexin. And yea US Regulation is finally forcing brokers to give positive slippage as equally as negative slippage. The Result? A lot less slippage....
BTW when I said wannabe-buffet "mentors" I wasn't talking about you. You know your stuff.
ALSO, in hindsight, it looks like the surge in heavy metals was the market pricing in the announcement of more QE, but bernanke can't do that until he first says it won't happen, stocks crash, and then they will begging for QE. Just another roller coaster ride.
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The Last Broker didn't have any problems to send a cash equivalent to US Based Contestants, the reason this one won't send a cash equivalent is because,
-besides the fact that the rules state the prize is a funded account and therefore a "US Citizen" is not eligible to open the ACCOUNT (NOT from RECEIVING A PRIZE!)-
the dirty little secret is, the broker does not want you to have the chance to KEEP the money because by giving you a funded account, they are betting that you will lose it all. so far a WIN WIN for the broker sponsoring this contest, and LOSE LOSE for myfxbook and the ......
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USA is lumped together by the forex broker, with all the most isolated countries in the world. That's how bad U.S. forex regulation is.
here is a picture: http://imagebin.org/201498
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rock the casbah!
rock the casbah!
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