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  • #21,561
  • Sep 12, 2023 8:51am Sep 12, 2023 8:51am
Quoting sampat
{quote} Yep I used to have account with MarketsWorld (they were in Isle of Man) they used to like MyFF but they screwed. Not only that canadians followed them 1 step ahead and they banned Nadex to accept candian residents. I really liked Nadex. Same steps followed there they banned credit card companies and sued them ultimately they dried out. So those who are thinking offshore is relatively safe place. YOU ARE WRONG. Look what they have done with deel.
see this chat box
Attached Image (click to enlarge)
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Intraday only.
  • #21,562
  • Sep 12, 2023 8:51am Sep 12, 2023 8:51am
Quoting Capablanca
{quote} What did you have to provide to justify it in order for them to accept ? You could have locked the risk of BTC quote selling BTC future contracts if you have an account in Interactive Brokers, for example. I did it a couple of times when I received BTCs payouts but didn't want to exchange it right away. There are 2 contracts. One is BRR which has notional = 5 x BTC. The other one is micro MBT which account for 1/5 x BTC. Unfortunately there is no contract that I know with notional = 1 x BTC
Like pipmaster stated, Coinbase had a practice of questioning large deposits for US clients. CB has had regulators up their ass for better part of a decade.

There was no option to sell/lock, etc as deposits were frozen for review.

This is something that you as a Italian resident, probably never would not have experienced. It was and still is a common occurrence for US citizens.
Trade with confidence, trade without fear.
  • #21,563
  • Sep 12, 2023 8:54am Sep 12, 2023 8:54am
Quoting DeltaCapital
{quote} what was the best broker of those 3 for you? did you have any problems with them?
all three are fine( those days )
Intraday only.
  • #21,564
  • Sep 12, 2023 8:58am Sep 12, 2023 8:58am
Quoting Ferna
{quote} Is there any decision/law that ever gets cancelled in the U.S? Or it all just stacks up to infinity?
Who knows man, the CFTC generally doesn't admit when they are wrong even if they lose a case. It is kind of like "oh a tornado just hit a company and it blew to shit, but we will walk away and let them clean up the mess". They have been losing a fair bit recently though, but those are more on landmark cases like elon's 420 tweet and various others similar to that. Basically the use of social media has muddied the waters so much that it has become a bit harder to prosecute without bias. However, only those who have the cash to pay for the defense to actually win are successful. As mentioned though, they sweep it under the rug and move on.
  • #21,565
  • Sep 12, 2023 9:00am Sep 12, 2023 9:00am
Quoting navk
{quote} see this chat box {image}
https://www.forexpeacearmy.com/forex...-forex-brokers

Have you traded with them? Only problem here is they are not as reputable as ICMarkets or TickMill
Usually Forex brokers are difficult to experiment as deposit usually big to see any profits so risk is more.
  • #21,566
  • Sep 12, 2023 9:04am Sep 12, 2023 9:04am
Quoting sampat
{quote} Yep I used to have account with MarketsWorld (they were in Isle of Man) they used to like MyFF but they screwed. Not only that canadians followed them 1 step ahead and they banned Nadex to accept candian residents. I really liked Nadex. Same steps followed there they banned credit card companies and sued them ultimately they dried out. So those who are thinking offshore is relatively safe place. YOU ARE WRONG. Look what they have done with deel.
just checked with gomarkets

They offer for canadian residents.

Leverage upto 500 : 1
Intraday only.
  • #21,567
  • Sep 12, 2023 9:05am Sep 12, 2023 9:05am
Quoting genuine007
there are more than 1,000+ scenarios in which price can move at a particular period of time and out of them only 1 scenario is finally printed on the chart there is no way a person can predict anything, concepts like support and resistance, liquidity are of no use, as people cannot say with confidence where it will go first also people cannot tell if it first goes there.. will it come back again.. or keep continue, or it come will come back tomorrow, or the next day or now it will just keep going the way it is going now and person out there yelling...
That's why trading is highly speculative.

There is no way to tell with precision exactly where price will go in the next chosen period of time.

Risking 1% per trade might keep you in the game longer than the next guy risking 3% but unless your trading strategy has an "EDGE" then you will eventually bleed out your account.

And yet there are those that make a very good living from trading.

How I hear you ask ?

They have a definite edge and they keep their risk in check.

Masterrmind...........
Master your Mind then Master your Trades
  • #21,568
  • Sep 12, 2023 9:05am Sep 12, 2023 9:05am
Quoting navk
{quote} just checked with gomarkets They offer for canadian residents. Leverage upto 500 : 1
Avoid. Their sales desk are cowboys.

There is a UK firm Hantec, that has a company in mauritius, they are decent but not amazing.
  • #21,569
  • Sep 12, 2023 9:07am Sep 12, 2023 9:07am
Quoting navk
{quote} The reduction in leverage is for us and canada based brokers. Australia, UK. and other offshore brokers are still offering 1 : 500
Maybe is this. My ICMarkets is Australian (though I'm European)
  • #21,570
  • Sep 12, 2023 9:07am Sep 12, 2023 9:07am
Quoting sampat
{quote} https://www.forexpeacearmy.com/forex...-forex-brokers Have you traded with them? Only problem here is they are not as reputable as ICMarkets or TickMill Usually Forex brokers are difficult to experiment as deposit usually big to see any profits so risk is more.
have traded long time ago with them.

Whenever i had issues with server, they make adjustments.

Have withdrawn too. Payments within 24 hrs.

After entering prop firms, i stopped with them though
Intraday only.
  • #21,571
  • Sep 12, 2023 9:08am Sep 12, 2023 9:08am
Quoting Capablanca
{quote} Maybe is this. My ICMarkets is Australian (though I'm European)
No problaby you are under seychelles branch of icmarkets, does your metatrader server is icmarketsSC? SC is seychelles
  • #21,572
  • Sep 12, 2023 9:11am Sep 12, 2023 9:11am
Quoting Takisd
{quote} Avoid. Their sales desk are cowboys. There is a UK firm Hantec, that has a company in mauritius, they are decent but not amazing.
might try them in their offshore branch, i have heard good things about them in the past
  • #21,573
  • Sep 12, 2023 9:16am Sep 12, 2023 9:16am
Quoting DeltaCapital
{quote} might try them in their offshore branch, i have heard good things about them in the past
The owner is a bit of a prick but not in the whole i will hurt people on purpose way. Just bad style.
  • #21,574
  • Sep 12, 2023 9:17am Sep 12, 2023 9:17am
Quoting Capablanca
{quote} Maybe is this. My ICMarkets is Australian (though I'm European)
No.

The reduction in leverage to maximum of 30:1 is across the board for ASIC regulated brokers.

Unless you can prove you are a wholesale client or sophisticated investor only then can you get the higher leverage along with "less protection".

At least that's what I had to do to get up to 500:1 leverage.

Masterrmind............
Master your Mind then Master your Trades
  • #21,575
  • Sep 12, 2023 9:18am Sep 12, 2023 9:18am
Quoting sampat
{quote} https://www.forexpeacearmy.com/forex...-forex-brokers Have you traded with them? Only problem here is they are not as reputable as ICMarkets or TickMill Usually Forex brokers are difficult to experiment as deposit usually big to see any profits so risk is more.
IC markets do not accept canadian residents straight away.

But if you are dual citizen, you can use other ID and use canadian bank for deposits and withdrawals
Intraday only.
  • #21,576
  • Sep 12, 2023 9:29am Sep 12, 2023 9:29am
Quoting sampat
{quote} https://www.forexpeacearmy.com/forex...-forex-brokers Have you traded with them? Only problem here is they are not as reputable as ICMarkets or TickMill Usually Forex brokers are difficult to experiment as deposit usually big to see any profits so risk is more.
Tickmil to canadian residents. NO
Intraday only.
  • #21,577
  • Sep 12, 2023 9:35am Sep 12, 2023 9:35am
Quoting Elyes
here a statement from ftmo concerning the actual situation: We are aware of the situation with My Forex Funds. However, as we have no further information on the matter, other than what was published, we are unable to comment on the situation. In light of this matter, we would like to assure you our services remain unaffected and you are welcome to continue trading with us as usual. As we operate globally, we are regularly communicating with various regulators regarding their inquiries in connection with the provision of our services. We have never...
anyone remember Carl Lewis, after Ben Johnson's doping downfall?
  • #21,578
  • Sep 12, 2023 9:46am Sep 12, 2023 9:46am
Quoting doyathink
{quote} anyone remember Carl Lewis, after Ben Johnson's doping downfall?
yes, why ? Johnson had 8kg more muscles in a very short time period which made him suspcious, which was correct assumed. Lewis was before Usain Bolt, all Gold medal winner on 100 meter sprinting.
  • #21,579
  • Sep 12, 2023 9:48am Sep 12, 2023 9:48am
For fully verified Deel accounts, bank transfer is not an issue according to Deel chat.

This is applicabale to all residents.
Intraday only.
  • #21,580
  • Sep 12, 2023 9:53am Sep 12, 2023 9:53am
Quoting navk
For fully verified Deel accounts, bank transfer is not an issue according to Deel chat. This is applicabale to all residents.
Did you ask that for incoming money from prop firms too ?
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