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Follow on Google News | Offshore Forex Brokers-Where is the real risk?The online financial markets are a high risk environment and yes there are scam brokers I am sure. However it is not fair to "brand" all offshore forex brokers as crooks simply because they are “offshore” incorporated.
By: TFG Ltd. Although regulations do offer some degree of comfort, it surely is not the "be all and end all" for traders. Look at the recent Wall Street debacle and now the same crisis in EU, all by "regulated" entities. One can lose money with any business, regulated or not. TFG Ltd. has been operating as an offshore broker since 2002 within the online financial markets offering spot forex, spot gold, spot silver and now also CFD Indices. Our offshore jurisdiction does not enforce a legal framework for forex broker regulations yet. I am all for regulation and believe it has its place, however even that cannot guarantee anyone 100% safety against the improper actions of an individual within any such regulated businesses that might cause loss or damage to any individual. Further some regulations translate to a "hostile and unfriendly" business environment which discourages new business growth and job creation. If regulation is too rigid, it will damper the entrepreneurial spirit of business and stifles any country's economy. So where is the real risk then? The truth is the online financial markets carry a high degree of risk. Risk which consists of many environmental factors from legal to risk of financial loss, technology infrastructure failures, dealing polices used by the broker, unexpected market movements, yes even scam artists and crooks etc. The list goes on but nevertheless not all "offshore brokers" are crooks by default. What is the greater risk factor then? For me the broker’s dealing policy is the greatest risk factor to any trader. Ensure you understand the broker’s dealing policy used since this greatly enhances the trade risk on your account- if the broker is a regulated entity or not. If you trade with a “regulated” TFG Ltd. as a broker dealer has a dealing policy with Straight-Through- TFG Ltd offers its trading services to retail traders and especially money managers. Our e-Broker module is ideally suited for professional money managers needing a MAM system to trade their customer portfolio. Our markets: Spot Forex, Spot Gold, Spot Silver, CFD Indices and selected CFD Futures. Forex at a 1:100 leverage allowed. A tax exempt jurisdiction with privacy and anonymity. If you are looking for a safe offshore forex broker with no frills and hype, that will offer you tax exempt status and anonymity, with no market making policies, then visit our website and download a free 30-day forex demo account - no obligations. www.titanfingroup.com End
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