Hi there,
I am from New Zealand and tried to open an account with a broker in Australia.
I was told this is no longer possible as our Government is prohibiting traders from operating overseas accounts unless the traders are licensed. Indeed I discovered that NZ was no longer on the l country list on the broker's website.
To be licensed you must have $500.000 and years of experience as a professional in the finance industry.
This requirement is also being rolled out in Europe I believe.
This new requirement has been sprung on traders by stealth and I don't hear anyone talking about it.
I have been working eight years on various EA's and planned to finance my retirement this way.
Can we please have some discussion on this.
By the way I am now also blocked from viewing certain FOREX websites.
Many Thanks,
Thos.
I am from New Zealand and tried to open an account with a broker in Australia.
I was told this is no longer possible as our Government is prohibiting traders from operating overseas accounts unless the traders are licensed. Indeed I discovered that NZ was no longer on the l country list on the broker's website.
To be licensed you must have $500.000 and years of experience as a professional in the finance industry.
This requirement is also being rolled out in Europe I believe.
This new requirement has been sprung on traders by stealth and I don't hear anyone talking about it.
I have been working eight years on various EA's and planned to finance my retirement this way.
Can we please have some discussion on this.
By the way I am now also blocked from viewing certain FOREX websites.
Many Thanks,
Thos.