Recent content by mrrolex

1. They have requested proof of income which is on their statements, forex income basically. 2. Wise Belgium. Residency in Portugal 3. I have several banks, but usually i transfer to US and Portugal 4. No. 5. No, less than 5k monthly 6. Deposit and withdraw to forex brokers

Wise, after 7 years of being a loyal customer they closed my account after I send a regular transfer to my bank. I started to use it as a primary bank 1 year ago and never had an issue. Suddenly with the account closed and a few thousand there I don't trust them anymore!

I see your level of expertise lol. No comment.

In fact is very easy to understand, 80-90% of retail traders lose money on the market, whats their risk-taking position against customers? A simple method that they use is a hybrid broker. Where the risk department decides if you going to A book or B book. If you win you will be on A book, if...

There is always a way, but very expensive i believe. DMA you will compete at the highest level, so you need high-end resources...

My point is arbitrage works very well on a broker's B-book, you earn and they lose. When brokers find out they block your account and sometimes won't pay profits. Then you must find another broker that is b-book to keep making a profit. i hope that help to understand the shady side of forex...

Does it start with where do you trade (broker)? Most of them don't report it when they registered offshore. Not a financial advice, always better to consult with a tax specialist...

This is a long story but short...The truth is, if the broker allows you to use arbitrage they have 100% a plugin for anti-arbitrage and scalp. There is no such way. 99.99% of the brokers are against you...You must keep searching all the time for brokers, but if you master it you can make good...

I mean i will open an account on forex broker and operate with my IBC. Im a forex trader and intent to use the company for forex trading, with proprietary funds, no clients. Incorporating in the UK, means paying taxes on capital gains right?

Hello Offshorecorptalk, After doing a bit of research I have tried several EMI to open an account for my company and all have denied the application. I'm European and i need an EMI or Bank account to operate in the forex market that doesn't charge a huge amount in fees. I have tried the most...