When opening account with a broker, do you give importance to country/jurisdiction of the broker ?

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Mirza Baig 2013.04.29 15:02

Yes

33% (5)
Very Important

40% (6)
No

20% (3)
It doesn't matter

7% (1)

Total voters: 15

Mirza Baig 2013.04.29 15:12 #1

Hi All !

Please post your comments here. Thanks

Sergey Golubev 2013.04.29 15:20 #2

Hi Shunmas,

Just a question: why do you need replies to 13 polls? I know - it is really important for you to know the opinion of the members but why 13 threads with polls? Are you going to change your life ro something?

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Mirza Baig 2013.04.29 15:22 #3

Just find curious to know the thoughts of community. I have had problems with brokers, so I thought to add polls. How can I change my life by adding polls ? Thanks

Alain Verleyen 2013.04.29 15:25 #4

Country is one thing, juridiction an other. Personally I find important the juridiction (regulated or not), but I don't care about the country.

Mirza Baig 2013.04.29 15:26 #5

Thanks for your reply. Personally I think this is very important to trade with regulated brokers. In the past, I have had seen brokers fleeing away with clients deposits even in regulated countries/jurisdictions. Thanks

Alain Verleyen 2013.04.29 15:32 #6

Shunmas:
Thanks for your reply. Personally I think this is very important to trade with regulated brokers. In the past, I have had seen brokers fleeing away with clients deposits even in regulated countries/jurisdictions. Thanks

Agreed, but regulated isn't a matter of country, am I wrong ?

Mirza Baig 2013.04.29 15:34 #7

I didn't get you. Do you know any country where taking customer deposits for forex trading is not regulated ? I don't think so.

Simon Gniadkowski 2013.04.29 15:35 #8

angevoyageur:
Agreed, but regulated isn't a matter of country, am I wrong ?

The regulations will be dependant on the Country and the regulations that the Country enforces, for example; I can hedge in the UK I can't in USA.

Some Brokers that have US and UK operations will be regulated differently, the UK branch will be regulated by the FSA while the US branch will be regulated by the CFTC and NFA.

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Alain Verleyen 2013.04.29 15:38 #9

RaptorUK:
The regulations will be dependant on the Country and the regulations that the Country enforces, for example; I can hedge in the UK I can't in USA.

Ah ok, I was thinking regulation was an international issue.

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