Choosing the Right Broker
Pentz Consulting
(ForexScreamer)
Member Since Jun 13, 2017
49 posts
Jan 22 2019 at 07:49
AmDiab posted:ForexScreamer posted:
I'm interested in FX Choice which is located in Belize. They accept US traders. I've had trouble getting my account funded however. The interim bank declined my wire transfer due to 'internal policy'. Is that a red flag I should be concerned about before I look at other funding options?
Hello mate; you from? What’s tour main recommended feature on trading? please, don’t go with any new FX broker.
I'm from the U.S. The main problems I have with the regulations are low leverage and no hedging. Hedging is the biggest problem. I have a legitimate use for it and without it my profitability is compromised.
It is very odd that you cannot hedge in the US. I do not understand why they have that rule. As a US citizen can you use a broker regulated in another country?
Pentz Consulting
(ForexScreamer)
Member Since Jun 13, 2017
49 posts
Jan 23 2019 at 07:41
I wish I knew. I think it's that 'we know better than you so we need to protect you from yourself' attitude.
Pentz Consulting
(ForexScreamer)
Member Since Jun 13, 2017
49 posts
Jan 23 2019 at 07:41
There are a few that accept US traders. FX Choice is one which is why I'm interested in them.
vontogr
(togr)
Member Since Feb 22, 2011
4853 posts
Jan 23 2019 at 10:25
ForexScreamer posted:
There are a few that accept US traders. FX Choice is one which is why I'm interested in them.
regulated on Belize...
Pentz Consulting
(ForexScreamer)
Member Since Jun 13, 2017
49 posts
Jan 24 2019 at 08:38
togr posted:ForexScreamer posted:
There are a few that accept US traders. FX Choice is one which is why I'm interested in them.
regulated on Belize...
Is that good or bad?
Adribaasmet
Member Since Aug 27, 2017
886 posts
Jan 28 2019 at 08:24
ForexScreamer posted:togr posted:ForexScreamer posted:
There are a few that accept US traders. FX Choice is one which is why I'm interested in them.
regulated on Belize...
Is that good or bad?
From me, it’s not a reputed regulation authority. By the way, you have an interesting user name; cool.
When looking for a broker there are many things that you have to check. Accordion to my trading experience, first of all, I will be looking for in a broker is, if they are regulated or not. Then I will see their deposits and withdrawal system how it works. Only regulated trading broker guarantee their client’s funds with certainly.
ForexScreamer posted:AmDiab posted:ForexScreamer posted:
I'm interested in FX Choice which is located in Belize. They accept US traders. I've had trouble getting my account funded however. The interim bank declined my wire transfer due to 'internal policy'. Is that a red flag I should be concerned about before I look at other funding options?
Hello mate; you from? What’s tour main recommended feature on trading? please, don’t go with any new FX broker.
I'm from the U.S. The main problems I have with the regulations are low leverage and no hedging. Hedging is the biggest problem. I have a legitimate use for it and without it my profitability is compromised.
You can always deposit just the money needed to keep a couple of trades open, and keep the majority of funds in a safer place..
If you end up using FxChoice, please review the broker. Other users are also interested in your experience!
Any recommendation for a deposit method for a broker in Belize, anyone?