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Trade
Bank Forex trading – trade at the highest level
In the world of financial services most people have a higher degree of confidence in it to banks than to foundations, small businesses, dealing centers and so on. It may be associated with an established Association that banks is reliable. It is possible that the conclusion about the necessity of finding a Bank for Forex trading a trader came into with the exception of the options does not suit him.
Bank Forex this trade on the foreign exchange market through the Bank, which acts as a broker. The client may think that dealing centers do not inspire confidence, and the company, specialized in brokerage services are not as reliable. Besides, the bank always under the scrutiny of state authorities. Such a high status financial institution just will not give, and therefore, it is possible to recall reliability.
People especially plan to work on the Forex with large amounts of money, appreciate the reliability of the company with which to deal. Not surprisingly, in such circumstances, a person looking for a Bank that would provide its clients access to the Forex market.
The advantages and disadvantages banks in the Forex
we Can note the following advantages of the financial giants:
• very large capitalization
• organization cares about its image
• monitored and periodically checked by the state
• registration usually not in offshore
• a client with a large sum stands out from the other
• high probability that the trader's trades do appear on the market
• the Bank will play the role of a tax agent
, There are disadvantages that will have to face, deciding to move from the dealing center of the Bank:
• trading conditions worse than in DC
• customer support, as a rule, less professional and operational
• the minimum Deposit will be more than in DC
• not the fact that the operations of the client will be placed on the market
• as a rule, a very limited list of options for input and output of cash
• the Bank will play the role of a tax agent
will Divide banks into groups
First, it is possible to meet the financial communities in which services for traders this is only a small part of their activities. As a rule, these companies would offer very favorable terms, and staff who are engaged in currency speculators will be small. Are often the offers for traders go with the same brand as the Bank.
In this case also there are two options:
1. to provide services to traders, the organization creates a new legal entity, generally in the offshore
2. services speculators are the part of the Bank, not its subsidiary
The first case is fairly common when the Bank, for various reasons, prefer to open an additional organization that will work with traders. This can be a way that will actually open dealing center, which will not be anywhere output transaction.
The client comes to the Bank, asking him to open a trading account to work on Forex, it make a Deposit, but if he starts to read the contract carefully, you will see that have to work through a company, registered in offshore.
The second option is more rare, when, arriving at a large Bank, the trader will Deposit, and all arrangements in writing with the company, where he appeared, was, for example, in Russia. You can still remember some foreign banks that provide currency speculators with their brokerage.
For example, in Switzerland, generally can not provide Forex traders brokerage companies that are not banks. And in order to obtain this prestigious status, the organization fulfills a number of conditions, including that it must meet certain in-country standards and availability of capital.
Trading on Forex via Bank-for beginners
Probably makes no sense to beginners to the time to move from Forex centres in a larger company. The fact that the new place will likely not be offered a large leverage, cent accounts, small lots and so on. It is easier to start your training in DC, where there is not only demo account, but trading deposits.
Over time, if it becomes clear that it is time to change the level of trading, when there are significant capital to work in the market, you will start to look for banks. As a rule, such organizations are selected by professionals who expect not only to learn exactly how to earn.
Brokers with the status of a Bank not so much, especially in Russia. Here are more common ordinary dealing centers that are open when the financial monster that is designed to work with currency speculators.
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| Category: Forex | Added by: (06.11.2017)
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| Views: 292
| Rating: 0.0/0 |
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