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Old 06-04-2007, 03:44 PM   #1 (permalink)
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Default Fxegypt

It's a popular forex broker currently because of their tight spreads,no lockup & widen spreads on news,scalping allowed and lucrative bonus reward.They accept egold,webmoney,wire transfer. They're offshore broker like NF and Marketiva. Min deposit is $25,max leverage is 1:500 but no micro account yet. Good alternative to trader who like to use NF(NF stop accepting egold). Just ignore this thread if u hate offshore brokers.
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Old 06-04-2007, 04:41 PM   #2 (permalink)
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Default Re: Fxegypt

Why would anyone hate an offshore broker?
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Old 06-04-2007, 11:24 PM   #3 (permalink)
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Default Re: Fxegypt

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Why would anyone hate an offshore broker?
Because they're not regulated by the NFA, etc. and are therefore seen as more risky than those which are.
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Old 06-05-2007, 02:10 AM   #4 (permalink)
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Default Re: Fxegypt

Not to mention the fact that they can do magic tricks on your account without any fear of getting shut down by the big regulatory agencies.
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Old 06-05-2007, 08:20 AM   #5 (permalink)
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Default Re: Fxegypt

The best option is to avoid non-regulated brokers and those who accept e-currencies.
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Old 06-05-2007, 04:57 PM   #6 (permalink)
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Default Re: Fxegypt

Ahh, ok. That all makes sense.

Is there anyone here using an OS broker they consider reputable/reliable?

Are there any advantages, e.g. taxes, etc.?
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Old 06-05-2007, 05:09 PM   #7 (permalink)
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Default Re: Fxegypt

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Originally Posted by opie999 View Post
Ahh, ok. That all makes sense.

Is there anyone here using an OS broker they consider reputable/reliable?

Are there any advantages, e.g. taxes, etc.?
I am using Interbankfx now.
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Old 06-06-2007, 12:22 AM   #8 (permalink)
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Default Re: Fxegypt

North Finance is ok, too. However, I understand they no longer accept e-gold as well, (which is the main advantage in using an offshore broker: ).
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Old 10-16-2007, 04:24 PM   #9 (permalink)
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Default Re: Fxegypt

I have heard all kinds of bad stuff about this broker. People have had their profits stolen from them and accounts closed. Be careful!
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Old 10-18-2007, 12:49 AM   #10 (permalink)
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Default Re: Fxegypt

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I have heard all kinds of bad stuff about this broker. People have had their profits stolen from them and accounts closed. Be careful!

Here is one customer's "proof" of being ripped off by them

FXOpen.com is a scam company! Beware!

(FX Open is/was same company as FXEgypt)

A search for them on forexfactory will turn up a few other people bashing them as well.

These broker domains are all connected apparently

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