Dislikedtravel to mexico or anywhere outside usa/canada and obtain local id. then open account from that jurisdiction. Then continue trading and get on with your life.Ignored
Can you please explain little bit.
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Dislikedtravel to mexico or anywhere outside usa/canada and obtain local id. then open account from that jurisdiction. Then continue trading and get on with your life.Ignored
Dislikedbtw has any one heard of the referral contest with hotforex they are strongly promoting their company and its all good contests to make moneyIgnored
Dislikedybfjax
thanks for the explanation, I have heard about the US traders not being able to trade with of shore brokers, but I really did not understand and its a bit clearer now, though im not from the US, I do feel for the US based traders, but you have a good point, there is no use in taking short cuts that makes things harder, it comes down to how dedicated a trader can be to pursue his career..Ignored
DislikedExactly. I'm glad someone got it. And it's not all that difficult for those who are serious about trading financial products with lesser limitations.
Btw, Canada is also cracking the whip on their residents as well. 33:1 down to 16:5:1 (6%) leverage? Read recent IBFX blog post about it. It's a war of control out there.Ignored
DislikedWOW, now canda, but just like what some of the comments stated on the article, its all up to how dedicated you are as a trader to pursue this this career. sometimes I feel lucky being from south east asia, though i do not earn that big from forex, but compared to local wages im doing good, the thing is I do not get taxed for my forex earning. I know that i should give my due but there aint much forex regulations here. almost non..Ignored
Dislikedhttp://forums.babypips.com/rate-my-b...tml#post353464 and http://forums.babypips.com/rate-my-b...tml#post357232 are good summaries. In fact, the entire thread is dedicated to finding brokers outside USA. I admire the intent, but people are trying to figure out how to shorten the longer, complicated path to setting up an account instead of just taking the shorter, straightforward path.
If the major offshore brokers have all folded to CFTC...Ignored
Dislikedyeah i got you and I understand that, but even you are a us citizen if you go somewhere and trade you sill are a us citizen right? and thats why my question was that way. they said us citizen are not allowed to trade with overseas companies right? they did not say us residents they said citizens ... so if you are outside the law still apply I think its just my mind ) I am not sure of that !Ignored
DislikedMy understanding is US residents. So if you are residing in USA at the time you wish to open a new forex account or CFD account, etc, you will have difficulties. The same is also true for those who opened the account prior to recent regulation changes but opened the account with USA resident documents (when broker decides to 'fold', they just cut off the weakest link.....the US residents in this case). Once your account is open (as a non-US resident), you shouldn't have any further problems, even if you somehow travel to the USA at anytime in...Ignored
DislikedThey've just closed my demo account, saying, that since recently demo is not unlimited anymore.
There go my stats...Ignored
DislikedBtw, Canada is also cracking the whip on their residents as well. 33:1 down to 16:5:1 (6%) leverage? Read recent IBFX blog post about it. It's a war of control out there.Ignored
Dislikedthe thing is I do not get taxed for my forex earning. I know that i should give my due but there aint much forex regulations here. almost non..Ignored
Dislikedyeah i got you and I understand that, but even you are a us citizen if you go somewhere and trade you sill are a us citizen right? and thats why my question was that way. they said us citizen are not allowed to trade with overseas companies right? they did not say us residents they said citizens ... so if you are outside the law still apply I think its just my mind ) I am not sure of that !Ignored
DislikedI do understand the American politicians they are concerned in that case about the country more than the traders and thats logic any way.Ignored
DislikedThanks for your kind information on it, It was for US traders I am lucky that I am not from USAIgnored
DislikedYou may just be right, I think those "regulations" probably just apply to the US citizens so I guess opening an offshore account could still be "illegal"
Are you kidding? Politicians EVERYWHERE mostly come into politics to make money through corruption, so most of their decisions are based purely on how a particular decision will affect their bank-balance & that's that!
I wonder how much money American politicians have received from local exchanges, brokers & whomever to block out their foreign competitors!
Your...Ignored
DislikedI don't know there is referral contest, but I know there is a new referral program which will provide some reward when you successfully introduce some new traders to set up live accounts with some certain amount of deposit. it sounds good for those people who love to share.Ignored