Imamul posted: I think choosing a local government –sanctioned forex broker in our own city city/town should be our first priority, unless there isn’t any... And go visit the office before or when opening an account m if possible
Most traders would find an empty brick building on a tropical island at their brokers address.
it is better to go with a proper regulated broker. it need not be in your own country but it needs to be in a developed economy like US, UK or Australia. Don't bother with little Caribbean islands or Cyprus
Mohammadi posted: if you want to find a right broker, you have to move Forex Pace Army where people share their own trading experience. And EarnForex and Babypips can be a great source to find a right broker nowadays.
No doubt, popular forum forums are useful but till now FPA is the best; so active review site.
If you want to lead a healthy trading life with certainly you have to choose the broker which always ensures security of funds , lowest trading spreads for using any trading techniques , low transaction cost , easy withdrawal system without long time process, active customer services , free demo trading , and much more that are very supportive to lead a comfortable trading life with certainly.
I have seen many traders trade with several brokers, but I don’t like it at all, because that’s very difficult to maintain all accounts at the same time, if the credible broker found I think just one broker is quite enough for ensuring a healthy trading life with surely. Because the broker can affects the result of our trading with certainly,
Aletheia posted: I believe yes but I am not a lawyer. You do need to report your account to the IRS to keep things above board. Hope it helps.
report to the irs only if the acc is 100,000.00 or more and you need to declare your profits that you wd if they are more than 100,000 as well ,so no worries about the irs (talking about oversees investments)