Looking for IB's for cooperation in Arab gulf countries
- Thread starter Siba85
- Start date
Pharaoh
Brigadier General
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It would be helpful if you said what you have in mind. An IB is just an independent salesman who gets paid for signing you up and/or gets a cut of each trade. The only real reason to use one is if you find a good rebate IB that doesn't mark up the spreads.
If you want an IB which provides the convenience of letting you deposit and withdraw money through the IB, don't do it! That's a one-way ticket to losing your money. There's every chance that at some point the broker will accuse the IB of stealing your money and the IB will accuse the broker of stealing your money. I've seen this happen too many times. You should only deposit directly with the brokerage.
If you want an IB which provides the convenience of letting you deposit and withdraw money through the IB, don't do it! That's a one-way ticket to losing your money. There's every chance that at some point the broker will accuse the IB of stealing your money and the IB will accuse the broker of stealing your money. I've seen this happen too many times. You should only deposit directly with the brokerage.
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