Welcome to Forex-TSD!, one of the largest Forex forums worldwide, where you will be able to find the most complete and reliable Forex information imaginable.
From the list below, select the forum that you want to visit and register to post, as many times you want. It’s absolutely free. Click here for registering on Forex-TSD.
Exclusive Forum
The Exclusive Forum is the only paid section. Once you subscribe, you will get free access to real cutting-edge Trading Systems (automated and not), Indicators, Signals, Articles, etc., that will help and guide you, in ways that you could only imagine, with your Forex trading.
Elite Section
Get access to private discussions, specialized support, indicators and trading systems reported every week.
Advanced Elite Section
For professional traders, trading system developers and any other member who may need to use and/or convert, the most cutting-edge exclusive indicators and trading systems for MT4 and MT5.
cc, I think for most people in most countries there is no 15% because of DTTs like STS said.
What I'm more confused about though is why a Bulgarian broker is much better than an offshore broker.
STS Finance working in strong regulated area. Company is licensed from both authority - Bulgarian Central Bank and Financial Supervision Commitee. Those institutions having control and inspecting about STS Finance financials, liquidity and trading policy ones monthly. If company has any problems, regulators will acting to protect customer' s accounts.
Who will protect your accounts (funds) in offshore company???
Who will complain you if your stop loss order is filled on spike, never seen across the world?
STS Finance providing high level of customers funds guarantee:
According Bulgarian legislation customers accounts are separated by STS Finance accounta. (investor protection)
The state fund for investor compansation will guarantee about 12 000 - 20 000 euro for each customer, if comany broke.
STS Finance offer competitive trading conditions with other FX Brokers, but funds, order execution,liquidity, are reliable then offshore.
Bulgarila will join to European union in 2007,so STS goal is to be competitive in EU area.
Today while surfing the net i bump into a very curious site regarding a fx broker, http://www.fxtrader.net/. But what really caught my attention was this two little things;
> 2 pip spread on the major currencies (eur/usd, usd/chf, gbp/usd, usd/jpy).
> 1000:1 margin! "Holy ......."
Today while surfing the net i bump into a very curious site regarding a fx broker, http://www.fxtrader.net/. But what really caught my attention was this two little things;
> 2 pip spread on the major currencies (eur/usd, usd/chf, gbp/usd, usd/jpy).
> 1000:1 margin! "Holy ......."
Angel
Do not trade with these people. They will take your money.
A friend of mine told me the other week that he referred a guy to this place some while back because of what you noticed, 2 pip spreads on a lot of currency pairs.
Any way, they had no automated software like most brokers do, so he used their web based platform where the page refreshes every so often to update the prices. Whilst he was trading some configuration error appeared on the page and couldn't trade any more.
So he called up the brokers to let them know it was days before he could log back in.
any way, they recognised that it was their fault and put his account back to where it was, ie, the previous balance with no trades open.
In the end he decided to close the account.
It took about 2 months before he received a check when he was promised a bank wire in 4 days was going to be made. instead of him getting the USD value, he got the russian currency instead.
So he called back and told them, they said it was an honest mistake and they would send the rest to him.
3 months later, he still hasn't received the money.
he then gets an email the other week saying that company has changed hands now, no prior notice from the orignal people.
So he gets on their case about what's happened, a couple of weeks into the explaining, they said they can't do anything about it since there is no record of it for them to work off.
It all sounds a bit fishy, but any way, the guy ended up out of pocket of 100K.
It all sounds a bit fishy, but any way, the guy ended up out of pocket of 100K.
I thought they sounded too good to be true - a forex broker that offers every feature you could ever want (with the exception of MT4 trading).
I was considering openning an account with $1000, but I was feeling a bit leery when I couldn't find any information on their website about thier location. Now I know why.
Linear Mode
