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

    1. #11 Collapse Post
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      We don't have it here in my country ...


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      Fxnewboy (11-20-2019)

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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


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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.

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      Fxnewboy (11-20-2019)

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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.


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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


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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?


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