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Trading forex from Belgium
Sep 08, 2019 at 20:04
Mitglied seit Jun 01, 2019
1 Posts
Hi Traders
I have been trading several months with a demo account and I'm right now looking to open a live account. The only problem is, my country, Belgium has some vague laws about forex trading in Belgium. Are here any experienced forex traders from Belgium or people with a live account who live in Belgium. Thanks!
I have been trading several months with a demo account and I'm right now looking to open a live account. The only problem is, my country, Belgium has some vague laws about forex trading in Belgium. Are here any experienced forex traders from Belgium or people with a live account who live in Belgium. Thanks!
Sep 09, 2019 at 11:56
Mitglied seit Jan 27, 2015
13 Posts
I hear you ... long live the fsma right ?
There were a lot of complaints of binary trading brokers stealing money from people and the fsma in their infinite wisdom shutdown forex alltogether as a result of that
so they came down hard on brokers that used aggressive false adverisements and crazy leverages etc...
the way i see it FSMA didnt ban forex trading completely, it just made it hard for the brokers to stay compliant with fsma rulings
that resulted in certain brokers like plus500 to shut down shop in belgium , or only providing 1/1 leverage right away ..
Well there are still brokers that accept residents of belgium ..
roboforex will point you straight to https://www.robomarkets.com if you want to register as a new client.
i think tickmill also provides with the option to register with their branch in the seychelles ..
or try to donate your money to a broker regulated in australia ..
i still have accounts with robo as well as tickmill , but that was before the fsma ruling so in that aspect , im not a 'new' client
There were a lot of complaints of binary trading brokers stealing money from people and the fsma in their infinite wisdom shutdown forex alltogether as a result of that
so they came down hard on brokers that used aggressive false adverisements and crazy leverages etc...
the way i see it FSMA didnt ban forex trading completely, it just made it hard for the brokers to stay compliant with fsma rulings
that resulted in certain brokers like plus500 to shut down shop in belgium , or only providing 1/1 leverage right away ..
Well there are still brokers that accept residents of belgium ..
roboforex will point you straight to https://www.robomarkets.com if you want to register as a new client.
i think tickmill also provides with the option to register with their branch in the seychelles ..
or try to donate your money to a broker regulated in australia ..
i still have accounts with robo as well as tickmill , but that was before the fsma ruling so in that aspect , im not a 'new' client
Apr 12, 2020 at 17:24
Mitglied seit Apr 18, 2019
25 Posts
Can you just use some offshore broker for that task entirely and possibly anyway for many many reasons out there clearly? I do not see anything within that matter. If I would be in your shoes I would do it that way. Good luck with that;)
Mitglied seit Apr 13, 2021
1 Posts
Mitglied seit Dec 17, 2020
20 Posts
May 10, 2021 at 08:21
Mitglied seit Dec 17, 2020
20 Posts
It is good that you started with demo accounts and they are pretty good for practising and learning how the trades might end up. Also, if you don’t want to go for location specific brokers, you can always go with offshore accounts. I tried them once and if a broker is reputed, I don’t think there is any harm with trading on their platform. Rather, there are a few tax benefits with them. Even regulation isn’t an issue. Try to see if any broker meets your trading requirements and check their spreads, leverage, commissions and customer service to begin with.
Mitglied seit Jun 15, 2021
13 Posts
Mitglied seit Mar 16, 2021
477 Posts
Mitglied seit Mar 17, 2021
536 Posts
Jun 23, 2021 at 20:45
Mitglied seit Mar 17, 2021
536 Posts
margaritastephen posted:Yes. demo is the best option to learn forex properly.
It is good that you started with demo accounts and they are pretty good for practising and learning how the trades might end up. Also, if you don’t want to go for location specific brokers, you can always go with offshore accounts. I tried them once and if a broker is reputed, I don’t think there is any harm with trading on their platform. Rather, there are a few tax benefits with them. Even regulation isn’t an issue. Try to see if any broker meets your trading requirements and check their spreads, leverage, commissions and customer service to begin with.
Mitglied seit Jul 23, 2020
759 Posts
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