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NatanComment

Comment on AAFX Trading

★★★★★1 / 5Initial 1-star scoreReference #1567
<p>What I find really amazing about all these warnings about the danger of trading with regulated brokerages only is how shallow is the knowledge base of the authors of these topics. Normally, the argument is that offshors are bad, not really explaining why they are bad. They are bad for the economies of the countries who apply over 30-40% taxes to businesses run on their territories. Businesses just goes away and settles at Bahamas. I can’t blame them, can you? )) The other argument in this article is that brokers must be regulated with a decent regulator. Who? SEC? Al right. For over 3 years now SEC has been unable to approve a single cryptocurrency ETF. Best brokerages located in the USA have been trying to break this SEC wall, but were pulling back their proposals one after another. Thousands of traders want to trade crypto ETFs but they can’t, because they live in the US and want to choose a brokerage that is regulated by SEC or some other outstandingly peeky regulator, whose main goal is to protect Uncle Sam’s interests. You can warn us as much as you want, but personally as long as I can get decent trading conditions and withdraw profits to my wallet, I don’t mind AAFX to be registered wherever they find it appropriate.</p>

Replies 1

LanierReply
★★★★★

<p>Exactly, I don’t know why so many people believe that SEC is something good? Yes, the US is superpower with developed economy. But there are high taxes and regulations. It’s simply impossible for broker to provide good service and low spreads, when it’s obliged to pay 40% taxes and pay the license. I think that all people that think that offshore registration is bad should ask Americans, why they don’t trade themselves. Yes, we know that American people have a lot of investments. But they don’t trade themselves, they just give their money to investment funds, because it’s impossible to trade on their own. I enjoy trading with AAFX and hope they will never make a mistake to obtain the US license.</p>

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