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Author Topic: Russian brokers - Is your money safe?  (Read 4867 times)

Offline bradleyfx

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Re: Russian brokers - Is your money safe?
« Reply #15 on: June 06, 2014, 07:27:58 PM »
Used to trade with Alpari but I think there are better brokers out there now.

Offline 999cjb

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Re: Russian brokers - Is your money safe?
« Reply #16 on: June 26, 2014, 07:15:53 AM »
As the US seem to be trying to completely ban retail Forex trading it stands to reason that Russia will welcome it with open arms.

Over the past few years, we have traded a large number of accounts with many brokers. We have found that the "better" brokers in the US and UK have longer waiting times for funding and withdrawal, inadequate facilities for transferring funds from one account to another within the same brokerage, lack of account type choice and other annoying features.

The best brokers for us are based in Russia, Cyprus, Indonesia and the Caribbean. They usually offer most of the items on our wish list such as instant deposit and withdrawal by a number of different methods, instant funds transfer between accounts in a client cabinet, responsive trading and reasonably competitive spreads etc. If you play fair with them they will reciprocate.

If you are a serious Forex trader you will not have all your eggs in one basket but will spread your business around a number of brokers, have a number of accounts with each broker and trade different strategies, spreading these around your accounts. This requires using your own in-house servers or linked workstations, good internet connections and the support and backup services needed.

This is "Forex Crowdfunding". If you have serious amounts of money to invest in Forex, be serious enough to pay for the infrastructure you need. The choice of losing money with a "safe" US broker laden with restrictions and making money with Forex Crowdfunding is yours.

Offline Surrealistik

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Re: Russian brokers - Is your money safe?
« Reply #17 on: June 26, 2014, 10:00:49 AM »
I've never seen an un/poorly regulated Russian/Cyprus/Indonesian/Caribbean bucketshop I've liked more than a proper Australian broker.

Fast withdrawals, good leverage ratios, instantaneous inter-account money transfers (at least at ICM), superior execution and spreads, a relative absence of B-booking/feed manipulation, and actual regulation all add up to make Australian brokers a vastly preferable option.

Offline ultracat

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Re: Russian brokers - Is your money safe?
« Reply #18 on: June 26, 2014, 03:22:19 PM »
Even for cent accounts, XM has an ASIC license now and all the features and benefits you list 999.

Offline ultracat

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Re: Russian brokers - Is your money safe?
« Reply #19 on: July 29, 2014, 09:16:31 PM »
Now they are going after the Russian banks.  Be careful if your broker is HQ'd in Russia, operates out of Russia etc. right now.  A lot of these brokers say 'don't worry, we use UK banks, seperate entities etc.' but still if it's a Russian company I would be careful to put any real money on the accounts until the crisis passes.

http://www.cnn.com/2014/07/29/world/europe/ukraine-crisis/index.html?hpt=hp_t1

Also, if you are really paranoid you may want to watch out for brokers based in Finland, Estonia, etc. that border on Russia.  Finland and Estonia in particular I have read before Putin quoted saying he feels those countries, like Ukraine, rightfully belong within Russian borders. 

No offence to Russians...just saying investors should be aware of geopolitical risks if they are evaluating where at the present is a good place to store your cash offshore.   8)


Offline Bigsteve

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Re: Russian brokers - Is your money safe?
« Reply #20 on: July 29, 2014, 10:18:37 PM »
Putin's a born loser.

Offline MaximB13

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Re: Russian brokers - Is your money safe?
« Reply #21 on: July 30, 2014, 02:34:03 PM »
Withdrawing my funds out from Alpari RU.

Offline ultracat

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Re: Russian brokers - Is your money safe?
« Reply #22 on: July 30, 2014, 02:59:09 PM »
I read something interesting today.  Russia is a net creditor to the world.  They owe about 60bn worldwide but other countries owe Russia about 120bn.  This means countries who owe them are not in a strong position to sanction Russia economically, they will only hurt their own credit rating.  I think Putin knows the hand he's playing and he can get away with it presently.

Offline hashim

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Re: Russian brokers - Is your money safe?
« Reply #23 on: November 27, 2014, 03:28:06 AM »
Thats the point, and really, there are no Russian brokers offering any better conditions than any of the serious regulated brokers out there. All these Russian brokers offering you 100% deposit bonus and 1:1000 leverage are market makers and that in a country that is like the wild west (as you see with Crimea) - they can and will do everything they want after giving you your 100% deposit bonus.... once you make serious profit (if even possible with there usually huge spreads) you will soon lose all your money through super slippage, slow execution, requotes and all these little dirty market maker tricks. And no one will be there to help you, no regulator (cause there is none) and no court (because they dont really care and are corrupt). Go somewhere serious, there is no need to risk your hard earned money more than needed.
in your case, in term of profit situation. in different circumstance, loss condition some most of this company, will cancel all bonus given once the account face a serious negative result. which cause a premature margin call, and got they balance wipe out an instant. this is a fact, true story directly from me :p.
besides, a bonus offer are always for promotional purpose at first place, it never was for our advantage.

 

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