Forex Partner up!

[Lawan98]

Hello, I tried a demo account on one of the forex trading platforms and it worked smoothly problem is I tried signing up for a live account but my country is barred on this particular forex trader.

[cashinforex]

what is you'r country?

[ITtrader]

What platform, country?

[bestforexpartners]

Trading in the forex market can be simpler, earlier and profitable for the traders; however, some steps should always be followed to get sure benefits in the forex market with secure trading. Your first step should be to understand that you really want i.e. to follow the trading system routine you are making and you will continue to follow it for the long term.

[Fxpipper]

sorry but finding that a bit hard to swallow. Forex by definition, has no borders so find it hard to believe that a broker may restrict the registration only to a few countries. Can you tell us which broker this is and what's the country in question?

[Easy Trader]

Originally Posted by Fxpipper

sorry but finding that a bit hard to swallow. Forex by definition, has no borders so find it hard to believe that a broker may restrict the registration only to a few countries. Can you tell us which broker this is and what's the country in question?

Brokers are often restricted due to their own federal regulations and other country regulations. I'm in the US and I can tell ya about regulations!
My current brokers(USA) were restricted about 2 years ago to 50-1 leverage on majors and 20-1 leverage on exotics. I'm pretty sure I can't legaly have a broker outside of the states. I miss my 100-1

[Fxpipper]

That just does not make sense, being in UK, I do not face any limitations. Sure, heard all about Dodd and the leverage issue but apart from leverage, not sure if forex brokers can be banned from opening up accounts to members from certain countries.

[Enivid]

Originally Posted by Fxpipper

That just does not make sense, being in UK, I do not face any limitations. Sure, heard all about Dodd and the leverage issue but apart from leverage, not sure if forex brokers can be banned from opening up accounts to members from certain countries.

Oh, they can be banned. See this post for example:
Talking about Regulation

[Fxpipper]

Originally Posted by Enivid

Oh, they can be banned. See this post for example:
Talking about Regulation

So Brokers can be banned but can countries be banned - for example, can the US pass a regulation banning US based brokers from accepting members from Egypt? Would they go the extra mile and if so, for what purpose since it would mean that all Egyptian citizens would be banned from opening up an account with any US based broker?

[Enivid]

Yes, they can ban residents of certain countries. For example, those that "support terrorism". Any financial transaction (including those involved in Forex account keeping) between US companies and certain countries are banned.