No matter if you’re a small trader in the retail market or a small institution forex trader, all of us have to make use of an forex brokerage company. The more powerful you are, the closer you are to the largest market participants such as banks, mutual funds and hedge funds, as well as big investment companies. They comprise approximately 75% of the market capitalization of the forex. Some banks are brokers themselves. Another 25% are private traders, like me and you as well as small-sized trading companies. futures broker The choice of a good forex broker isn’t an easy task. It’s a dynamic process dependent on one or more of the following aspects: Brokers of forex that are registered or not. What is the stage in your trading career you are at. You trade your own money, or manage the money of other people as well. Amount of your capital for trading. Services of a specific broker for forex that can meet your needs for trading. Tax implications if you open a an account for trading with a broker that is domiciled in U.S. or U.K. or Switzerland or tax haven states such as Hong Kong, Singapore, British Virgin Island, Bermuda, Cyprus, so on. Modifications […]
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