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Dealing center prefer, the Russian or foreign?
Dealing center can act as a Bank and specialized financial institution. The reliability of both in our time for obvious reasons, is not absolute.
Our task is not specific advertising dealing centers (hereinafter DC), so we will avoid naming them directly in this material.
It is possible to declare arguments that work with our dealing Desk is in many aspects easier and more attractive for individual domestic trader. The wide distribution of Russian dealing centers, their mutual competition and close ties with Western banks and investment companies support this argument.
Among their obvious advantages - immediate, physical proximity and accessibility of offices and branches, the presence of the Russian advisers and managers, local knowledge, mentality and problems of Russian traders.
In addition, the technical capability of the domestic brokers is constantly growing.
Terms of trading provided by a particular broker may vary significantly. Here and the breadth of the set of "traded" currency pairs, and the magnitude of spreads on specific pairs and the input / output of funds. There are differences in the minimum Deposit, leverage. Sometimes the response time to the introduction of a new or closing an open order is also different from broker to broker, especially at the turning points in the market.
Unfortunately, there is a "fly in the ointment". Still in Russia does not resolved the issues with the taxation of income derived from this business. Solution there are different. Sometimes the trader decides the issues of payment of income tax independently, sometimes these responsibilities are assumed by the organization-broker, be it a Bank or dealing center. In addition, none of the traders are not insured against fraud with his Deposit.But if the Bank or dealing center is present on the market for quite a long time, he's interested in maintaining and strengthening its reputation, and the likelihood of this happening is very low. However, the protection of their interests is only in Your hands, and especially yourself interested in the fact that Your money is preserved and multiplied. Therefore carefully study the terms and conditions carefully drive your workflow, and it will help You in solving disputes.
And, of course, You have to realize that easy money in the Forex market does not happen, and You need concentration, discipline and uncommon courage in order to achieve positive results.
|Category: Forex | Added by: (29.10.2017)