MichelAnge21
Sergeant
- Messages
- 247
Ana
I think there are enough regulated Forex firms that would accept you as a client. There are countries where Forex is strictly regulated. Many of those regulated firms are not interested by very small accounts, but there are some that would open an account with you. Also, avoid " market makers " even if they are regulated because they trade against you. A STP or ECN broker does not care if you make a profit: for them, it s the same thing. Avafx is regulated and you can see from the few cases we have at the FPA that market makers hate when you win. They might have certain clauses in their contracts giving them a possibility to contest some trades that they say were " off market " ( false quotes because of a technical problem ).
Go with a regulated STP/ECN broker in a country where the Law is the Law . And check their licence. There is Australia where brokers with the ASIC licence generally accept small accounts. But avoid New Zealand ( loose regulations ) Switzerland make it very complicated to open an account ( notarized copy of the passport ) European Union is fine under MIFID etc etc
Good luck
I think there are enough regulated Forex firms that would accept you as a client. There are countries where Forex is strictly regulated. Many of those regulated firms are not interested by very small accounts, but there are some that would open an account with you. Also, avoid " market makers " even if they are regulated because they trade against you. A STP or ECN broker does not care if you make a profit: for them, it s the same thing. Avafx is regulated and you can see from the few cases we have at the FPA that market makers hate when you win. They might have certain clauses in their contracts giving them a possibility to contest some trades that they say were " off market " ( false quotes because of a technical problem ).
Go with a regulated STP/ECN broker in a country where the Law is the Law . And check their licence. There is Australia where brokers with the ASIC licence generally accept small accounts. But avoid New Zealand ( loose regulations ) Switzerland make it very complicated to open an account ( notarized copy of the passport ) European Union is fine under MIFID etc etc
Good luck
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