- Search Forex Factory
- 23 Results
- newbie168 replied Sep 30, 2012
Dukascopy was not started with real money in the first place. The software and system that runs Dukascopy was valued for CHF22million by an appraiser to form as "capital". After a few years of running as a broker, Dukascopy collected real money from ...
- newbie168 replied Sep 29, 2012
Dukascopy: Ausländisch beherrschte bank — Dukascopy has done a remarkable job at growing assets from its clients by 33% within 6 months. Let’s not encourage them to grow their sales IMHO, cash flow analysis is more suitable for non-bank ...
- newbie168 replied Sep 22, 2012
Thank you for your response, Mr. Bellieres. As of last year Dukascopy had capital of CHF22million, perhaps now it has increased to CHF28million? Else, the CHF4.5million with JPMorgan would be 20.45% of Dukascopy’s capital. Relying on the Swiss ...
- newbie168 replied Sep 1, 2012
if you don't ask for 1099, OANDA will not send it to you, but it does not mean that OANDA does not report your trading activities to the US IRS which will use it for itself or for the case of non US citizen/resident will SURE forward it to the tax ...
- newbie168 replied Sep 1, 2012
Oanda/IB/FXCM/Alpari and many other US based forex brokers report to governments all over the world via US IRS under numerous tax treaties. I'd rather be dumb and sit on millions of dollars, rather than be smart paying taxes and poorer. image
- newbie168 replied Aug 18, 2012
Yup I agree. Will they find out if I continuously change broker every year and claim a newbie every time? UK's FSCS is not so easy and not so fast in providing you compensation in the event your broker fails.
- newbie168 replied Aug 18, 2012
Interactive Brokers will report every single cent you earn to your home country's tax office. So do Oanda, FXCM, Alpari, etc I am against paying taxes. Forex profit is a hard earned money. It's just too convenient for those assholes in my government ...
- newbie168 replied Aug 18, 2012
MF Global, Lehman Brothers and Bear Stearns are examples of big failed brokers. Big brokers are also greedy, they have complicated subsidiaries/holding structures and multiple businesses. Name one big broker that has only forex as its business. Not ...
- newbie168 replied Aug 18, 2012
Not necessarily, due to a different business model, for example Bank of NY Mellon's exposure to JPMorgan would be limited. On the other hand, US regional banks, US savings & loans, US credit unions and banks outside the US which rely USD clearing ...
- newbie168 replied Aug 17, 2012
Mr. Bellieres, I have obtained information that the aggregate value of Dukascopy's USD account with JPMorgan in NY, either during intra days or end of days, is a huge proportion of the entire capital of Dukascopy. If JPMorgan collapses, Dukascopy ...
- newbie168 replied Aug 17, 2012
Dukascopy belongs to Dr. Andrey Duka and his wife Ms. Veronika Makarova - both have absolute control of the bank having owned 99% of the bank's shares. I have only a slight concern with regards to their citizenship/residency/origin. The greater ...
- newbie168 replied Aug 15, 2012
Kudos to Marv for his efforts of putting light on Dukascopy's "ECN" Indeed, Dukascopy has created its own definition of ECN. As of Dec 2011, Dukascopy has equivalent of CHF68million of client deposits while for the entire 2011 Dukascopy has made ...
- newbie168 replied Jun 26, 2012
Currensee vs DB FX Select — Hi Asaf I was wondering about the long time performance managers' in Currensee versus those managers in DB FX Select. Most institutional FX Managers I know of are on DB FX Select e.g. Axiom, Capricorn FX etc But, DB ...
- newbie168 replied Jun 14, 2012
Standard maximum leverage for FX trading at most private banks is 1:10. For leverage beyond 1:10, the clients need to be experienced in FX trading, and further acknowledgement/agreement on the risks is required.
- newbie168 replied Jun 13, 2012
Naturally most of the prime broker banks offer good FX tradings. I wouldn't name name but most should have developed a good system and a competitive spread. With regards to safest, if you have your assets in securities such as bonds/shares, and if a ...
- newbie168 replied Jun 13, 2012
A private banker is useful, not only for avoiding tax and giving little investment advice: If a client becomes incapacitated/loses his memory, he can ensure that his wife/children continue to nurture him by using trusts set up when he’s still ...
- newbie168 replied Jun 13, 2012
Singapore does not tax foreigners on profits generated through investments with financial institutions. That's why its a haven for wealth from surrounding countries, just like Switzerland long ago. I am in the Singapore private banking scene. It's ...
- newbie168 replied Jun 13, 2012
Hiding profit/income from forex trade is not only particular to Indonesians. I guess you guys are reporting entirely all of the forex profits to tax office in your respective countries. If so then it's no problem at all with W-8 form. I am just ...
- newbie168 replied Jun 13, 2012
UBS Singapore with 130 private bankers dedicated for Indonesian clients has decided to waive the W-8 form for Indonesian clients who are not US citizens/residents and not trading on US stocks/bonds. Obviously since UBS Singapore sees the danger of ...
- newbie168 replied May 28, 2012
I should add and take back some things I wrote... During its initial establishment 2007 - 2008, the capital was not real cash. It was the software contributed by the two Russian owners. In 2007 it was CHF10million and by 2008 became CHF22million. ...