Disliked- instaforex is regulated in Russia, and I was referring to Thailand (and other SE Asia countries).Ignored
Disliked- Your link did not specify that forex broker (regulated in Australia) could not take cash depositsIgnored
Disliked- Both VantageFX and GoMarkets accept local cash deposits in Australia (maybe that has changed).Ignored
DislikedLike I said earlier, not all countries are credit based, and still deal heavily in cash. This does not make them money launderers.Ignored
Sorry to harp on a point but I have spent the last few years neck deep in legislations, laws, and red tape in relation to setting up a broker in a regulated environment and it irks me somewhat to see companies like Instaforex and their ilk behaving in such a cavalier fashion without any regard to the consequences. Regulation is a double edged sword. It gets in the way of doing business easily, keeps lawyers happy with new suits and fast cars, and is a general pain in the ass to deal with, but the upside is that you as a trader are protected better from shonky operators.