If I am a US resident but use a broker outside the US which accepts US clients are my winnings technically illegal if my broker doesn’t abide by maximum leverage, FIFO, and hedging/netting laws? Or if I trade with an unregulated broker at all is that illegal? As long as I pay taxes on my winnings right? Thanks in advance.
There is a fact that with a reliable license from regulatory agency, brokers will be safe to work with even if there is a bankruptcy of brokers or there are losses of clients’ funds and profits. In short, regulated brokers are always recommended. #brokersguru #FanaraFilippo #best_forex_brokers
Regulation provides with trust in the otherwise risky industry, it gives Forex brokers framework to guide them. Licenses mean that brokers have gone through a vetting process, their legitimacy has been confirmed. Thus, making them safer in holding your money and accessing investments and financial markets. Forex brokers usually launch with regulation in only a single country. Obtaining such regulatory approval is usually not an easy achievement, especially in jurisdictions with stricter regulation. New brokerages typically start with regulation in a single country and will then seek to gain regulatory licenses in other countries where they wish ... Forex regulation in the USA. After the United Kingdom, the United States is the 2nd most important sales desk, with 19.5% of the global OTC Foreign Exchange turnover between April 2013 and April 2016. CFDs and spread bets are banned for retail traders in the US, so spot Forex is very popular and tightly regulated. Forex Regulatory bodies In each country, there are government institutions, independent financial institutions, and independent regulators who oversee Forex brokers and regulate their trading practices. Forex regulation help avoid foreign exchange fraud and scam brokers. Forex is the largest, most liquid market on the planet. That size and scope creates unique challenges regarding market regulation. How do you regulate a market that is trading 24 hours a day, all over the world?
Forex and Regulation: Good or Bad? Zoe Fiddes, Currency Analyst comments. PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! What do the regulators do to pr... Stephen Story discusses recent NFA regulations affecting the US Forex market. He discusses forex strategy and the forex systems that are needed to continue trading with success, with high leverage ... https://harounkola.com The Best Forex Trading brokers in South Africa. A comprehensive list of all the brokers that offer South African traders the ability t... Join our Trading Room where we discuss All Things Forex on a daily basis: https://bit.ly/2PO2rnG Is forex trading really dead? There is a big discussion goin... How much capital do you need to make the same profit pre-ESMA rules? This is a common question traders ask because recently the European Securities Markets A...