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Foreign VPS for broker banned by local gov?

  • #1
  • First Post: Nov 16, 2019 4:48am Nov 16, 2019 4:48am
I was just wondering if I would be able to register with a broker that bans my country of residence, if I used a VPS? So technically my trades would be executing in another country.

I'm guessing the answer is no because I would still have to register with the broker. Still, I can't help wondering if this could be possible somehow?

Any thoughts?
  • #2
  • Edited Nov 17, 2019 1:09am Nov 16, 2019 10:13am | Edited Nov 17, 2019 1:09am
You will not be able because your verification document is where they will detect your country of origin.
  • #3
  • Nov 16, 2019 6:40pm Nov 16, 2019 6:40pm
Quoting Dasilvja
I was just wondering if I would be able to register with a broker that bans my country of residence, if I used a VPS? So technically my trades would be executing in another country. I'm guessing the answer is no because I would still have to register with the broker. Still, I can't help wondering if this could be possible somehow? Any thoughts?
Last century, I formed an LLC in the Caribbean and traded through that but I cannot remember if I had to show any documentation from my home country. I don't think so as that would have defeated the whole point. The broker would only have seen the company presence and the companies bank presence which likewise was waaaayyy offshore but all legitimate. I have no involvement now.

I have no idea or wish / need to look into that now but it may be of interest to you. You would need a means of getting your funding out of your own country to your offshore bank though.
  • #4
  • Nov 16, 2019 7:30pm Nov 16, 2019 7:30pm
Quoting Dasilvja
I was just wondering if I would be able to register with a broker that bans my country of residence, if I used a VPS? So technically my trades would be executing in another country. I'm guessing the answer is no because I would still have to register with the broker. Still, I can't help wondering if this could be possible somehow? Any thoughts?
Who bans Canadian? Major brokers don't do that... Are you talking about Pepperstone? Then IC Market is better.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #5
  • Nov 16, 2019 7:36pm Nov 16, 2019 7:36pm
Quoting heispark
{quote} Who bans Canadian? Major brokers don't do that... Are you talking about Pepperstone? Then IC Market is better.
I thought I read that IC Markets did too?
  • #6
  • Nov 17, 2019 12:16am Nov 17, 2019 12:16am
Quoting Dasilvja
{quote} I thought I read that IC Markets did too?
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Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #7
  • Last Post: Edited 12:37am Nov 17, 2019 12:20am | Edited 12:37am
Alternatively, Dukascopy Swiss allows Canadians. 1:200 leverage and hedging allowed. They now also support MT4 natively. However, minor pairs have quite high spread. All in all, IC Markets is much better.
Simplicity is the ultimate sophistication - Leonardo da Vinci
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