Here is our list of the top forex brokers in the United States.
Forex trading is legal in the USA, but it also comes with various differences as opposed to trading within any other continent in the world. forex trading is in fact allowed in all countries where the currency is allowed (bank exchange offices, currency accounts etc). ...
Best Forex Brokers
The Best Forex Brokers for Beginners
Ways of Trading Forex Without a Broker. Can you do forex trading without a broker? No. Forex trading is impossible without a broker.
Note: The relative fee is, in some cases, variable and based on the amount that is bought or sold. For example, a broker may charge $1 commission per $1,000,000 of a currency pairing bought or sold up to a transaction limit of $10,000,000. If a trader buys $10,000,000 EURUSD, the broker receives $10 as a fee.
Forex is legal in South Africa as long as it does not contravene money laundering laws, and traders must declare any profits to SARS (South African Revenue Service).
If you're asking “Is forex a pyramid scheme?” then the answer is no. But pyramid schemes have been invented around forex - just like they have around the stock market and real estate and just about any other legitimate type of investment.
Forex trading is tax free in the UK if it is done as spread betting by an amateur speculator. How do you pay tax on Forex? In the U.K., if you are liable to tax on personal profits from Forex trading, it will be paid and charged as Capital Gains Tax (CGT) at the end of the tax year.
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