GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
- Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,487 Posts
MT4/MT5 EAs/Indicators/Alerts coder
From 50 Dollars To 1 Million Dollars Trading Challenge 70 replies
What is the safest way to trade the market? 19 replies
Safest broker and low spreads - where? 22 replies
Which is the safest broker in relation to the bank they keep they're accounts with 16 replies
Safest pair to trade? 18 replies
Disliked{quote} Have you thought of the question itself or did you have help from the FF team? Sorry, you ask a question here and disappear. Well, that works just the internet. push push push But the quality suffers again!Ignored
Dislikedso many posts but no one answering the real question. The question was "what is the SAFEST broker to trade a $1m account". all the answers so far have provided nothing in terms of what makes their recommended broker safe.Ignored
DislikedIf one wants to trade a million dollar in forex spot, which is the most appropriate broker, safety of funds wise.Ignored
DislikedPlease note that if you are a US citizen this technique might not work, consult with a tax specialist before doing anything.Ignored
DislikedRegister a limited company in the BVI and fly to Singapore to open a OCBC corporate account. Once you have the account you can open a iOCBCfx Pro trading account with a minimum deposit of 30000$US. That's the best way to trade retail forex, point. Why? No annual/monthly reporting, audit or bookkeeping requirement for a BVI limited company. No capital gains tax for a BVI company. OCBC is one of the safest banks in the world, safer than any US/EU bank. Have a look at the annual "World strongest banks" report from Bloomberg for more infos. They allow...Ignored
DislikediOCBCfx Pro: Commission charges: 1 pip per 100,000 per side So you pay 10 pips per million? Thats ridiculous.Ignored
DislikediOCBCfx Pro: Commission charges: 1 pip per 100,000 per side So you pay 10 pips per million? Thats ridiculous.Ignored
Disliked{quote} So would be 200 units of base currency per million round turn, still very, very expensive !Ignored
Dislikedwhy some million dollar account holder trade forex? honestly no millionaire will ever like to have stress which trading has.Ignored
Disliked{quote} Question 1: my answer is yes! It is free advertising, and its also the best advertising a company can have: word of mouth! Question 2: for me its easy, i only support the brokers who i believe are doing the right thing by me and my fellow traders!Ignored
Disliked{quote} You would pay 10 pips for 1 million, but pips based on 100K. You can't multiply the number of pips AND the amount you calculate those pips on, means commission would increase ^2 At least I assume, but totally agree it's very badly presented. It must be 1 pip, period. Pip value being relative to traded amount, it is ridiculous to talk of "pip per" any amount. That's people knowing forex So would be 200 units of base currency...Ignored
Disliked{quote} Won't work from almost every "high tax" country as they will consider the bvi company tax resident in the high tax country if you live there, because of the place of "central management". One step is missing: take a flight to another more tax favorable country (and get a new citizenship if you're from the US). In this case, you probably don't need a company anymore, you can directly open the account in your name. But all this tax related issues were not the question in the first place ...Ignored
DislikedWho can be so freaking NAIVE to put a big amount of money into a BROKER!!?? Some people just don't get it. You will lose it all in the end... When you lose it all, don't whine and come here to try to blame someone. It's your fault, because you are wasting your money into a gambling scheme. And you cannot say I didn't warn you. I warned a lot of people here, I'm glad some get the message, can see the TRUTH and decide to keep their hard earned money. But other people truly don't get it and go ahead and lose it all. Nothing else to add.Ignored
Disliked{quote} So in other words you are considering all FF members to be losers (not profitable) ... Right ? Let me tell you that you are totally wrong ...Ignored