Community Forex Questions
What are the benefits of trading with offshore Forex brokers?
I use an offshore forex broker for my trading, and I have been getting the following benefits:
- As the minimum balance required to open and maintain a trading account is comparatively low, there is no charge for maintaining less balance in the account.
- The PDT rule does not apply.
- All strategies are designed to save assets, which enhances asset protection.
- There is a higher degree of leverage.
- Making ownership transfers is easier, so withdrawals can be deferred until the tax is due and there is no withdrawal fee which is great.
- As the minimum balance required to open and maintain a trading account is comparatively low, there is no charge for maintaining less balance in the account.
- The PDT rule does not apply.
- All strategies are designed to save assets, which enhances asset protection.
- There is a higher degree of leverage.
- Making ownership transfers is easier, so withdrawals can be deferred until the tax is due and there is no withdrawal fee which is great.
Oct 18, 2021 21:54