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Thread: Is there local forex broker in your country? Are they good?

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    We don't have it here in my country ...

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    well this will depend upon your country protocol some country allowed broker to establish their offices in their country while some ban them the most country in Asia are ban Forex broker because they think Forex trading is illegal so at that time we have only one option that we choose regulated broker who's services is good

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    Some are good and some are not its likely market, in market some good broker and some not good so in local its same, But some are provide really good profit and also lots of trading skills and other thing about trade so i like to try also local brokers.

    Thanks

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    Hello. When asked, I can answer that there are several brokers in my country. But they are representatives of foreign countries and are not open with local capital. I don't know if they're good because I don't have contracts with them. I do not like the conditions they offer. I need to have a lot of money to open an account with them. Unfortunately, I don't have that much money.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    Quote Originally Posted by Beautiful Quynh     
    Normally when we talk about forex trading we only talk about foreign brokers which are located outside of our countries.
    But do you have a forex broker that is located in your country? If yes, then are they good too compared to foreign broker?
    Hello, dear

    yes in my country Indonesia we have a local broker for example like monex.

    are they better than foreign brokers? they apply large commissions and low spreads in the financial markets, so that it only benefits the broker and financial markets.

    in addition, local brokers provide conditions for deposits that are not affordable by all members, in terms of security we are protected by the government in the event of bankruptcy at the broker

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    I prefer trading with established forex companies but I'm curious to know as well. Anyone trading in Spain with local brokers?

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    It depends on the corruption number of the country in the list delivered by the Transperancy International. If corruption will number is low.it means your government is fully controlled over all functions. And you can believe in local Brokers also. These are similar to foreign broker. But we should believe in them only.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    Couple weeks ago, I have seen some local broker ads on my social media in my country bangladesh, i am in doubt that they dont have proper documentation and licence about forex broker. I have avoided these and requested everyone to avoid them.


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    Quote Originally Posted by moneygrows     
    In some country like Indonesia, they have local brokers and their government are doing everything they can to support them like limiting access for people to foreign broker websites. There are always the good and bad side of such action. The good part would be the government are trying to help local business while the bad part is that clients are stuck with brokers that have unattractive spread and services.
    Really? This is the first time I am hearing someone mention Government interference and support for local Forex Brokers as compared to overseas brokers. I donít know if we have any in my country but I have seen Gold and Silver brokers. They also offer Crude Oil and stock market trading with limited leverage. I think the reason they donít offer FX trading is because of the higher leverage necessary to provide currency trading. With Gold/Silver/Oil and stocks, they only have to offer 10:1 or even lower leverage but with FX, anything under 100:1 isnít sufficient if you have small amount of funds.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    here we don't have brokers but we have intemediars so it's an obligation to work with foreign brokers

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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