How do we choose the right brokerage firm for trading security?
Recently noticed a significant worsening of the number of forex firms that offer its services to the Arab investor, and the nature of the case note a marked increase in the number of cases of fraud and fraud, especially that most of these companies are not licensed or working within a specific authorization in the European countries to get bank accounts and means deposit and withdraw, and if the reception of Arab investors no interference within its own European Alnrges. Dear Investor homework Dear Investor checking licenses the company thoroughly before entering the circulation. Otherwise, you risk your finances suffered from the hands of these companies are non-unknown origin or source and follow her fake offices in the UK or Cyprus.
This article was written by a deep search has been with the Arab sections in the well-known directors to discuss this phenomenon that we face in the last period companies.
So how to distinguish these companies and warn them:
Licensed companies write the number licensed in the contract terms and conditions, the Customer Agreement, noted dear investor if the convention was to be translated into Arabic. Most think that this company is licensed, because we examined the flour is forbidden for any company licensed in the European Commission translate the customer agreement, only the agreement in English is ongoing and approved before the law and the institutions of the European courts.
Reminder - What is a license, what are the controls?
Licensing or censorship is a government body (the body's third) is responsible for providing accounting and legal services, this is a government body or authorized by the Government of the country to examine any financial company engaged in the designated country. Example license FSA examines financial operations and accounts of the company, which operates in British soil
There is every European country, another license is different from the other, but what is the secret of European companies: The Secret of European companies that within the law annexation of European countries for the financial system and allows one company holds a license from the European country specific work in all European countries within the MIFID laws.
When you see any company offers you several licenses, search license motherland from any country, and that the license granted work permit in all countries within the European MIFID laws.
Is there a license in an Arab country: Unfortunately, no institutions or Arab controls within the Arab countries to this area, such as the securities commissions in each Arab country, often Altjol in the Internet and the prices technology and trading is under a foreign intervention which does not give the Arab states the possibility to monitor this area for the citizens of the state.
What does the license or control: the function of licensing or censorship is to follow the company's customer accounts each month once or twice, and follow-up trading accounts in the trading platforms, that for every dollar in trading platform and account customers there is the same amount of money in the company's customers in the bank accounts. This provides full coverage if the company decided to close its offices and declaring bankruptcy, the return of money to investors from bank accounts to control Almsttmaren, in the non-licensed companies are likely to use the money for the expenses of the company's staff pensions, marketing budgets. This is possible leads to the loss of customer funds and loss, and this has happened so often in recent years, particularly for clients Arabs entering unlicensed companies.
Does every company claims to loom in the license are licensed?
Two thousand and two, a lot of forex brokers in the field be licensed in European countries, America, for example, or NFA. When the Arab investor receives to its website enter into a non-site license, and the Convention on the customers vary from location mother and be written at the bottom of the site, said services in the Arabic language is an original license your company, what is the meaning of this speech, that these accounts and oversight of these financial Hits it does not license or financial control. Preferred to stay away from these companies.
Do NFA license is better than other licenses? Both, NFA license only protects investors from the USA, usually companies that carry this license branch opens her on the same company name in another country and use it in the marketing of the Arab world, is not possible reception Arab investor to America branch. Any hint that licensed companies in NFA of Msttmaren Arabs in this license is an absurdity and irony of no use to him. Because the Arab customer deposit have another branch in another country and this account is not monitored by US agencies Hdbdh censorship, and also control NFA does not specify the company to open branches in other countries is believed that this company within the scope of her clients Alammerkyin come under the control of NFA and their money is safe,
How Nrgesat examine each company:
1. The company's entry-mail site and asking for number the company's license and any subsidiary of any state government body, through a Google search, we find the body and be a government no room to manipulate this, enter the site body and look for the number the company a license or the company's name to make sure that the transfer or deposit be the parent company's name and not to the subset names of its non-license. There are firms licensed in the name and bank accounts on behalf of another favorite stay away from them.
2. make sure that customers in the Arab Convention on the company's website states that the use of services in Arabic and their origin for Oversight Services, total license of the company, a deal with the European investor be equal and identical to deal with the Arab investor.
What are the licenses and government agencies in Europe that we recommend to handle and receives Arab investors within the original license:
FCA or FSA - British licensing the United Kingdom.
MFSA- license to the State of Malta is one of the best European countries Altayah system MIFID treatment of Arab investors, which is the only European countries that do not have a deficit in the economic budget, inversely completely from the rest of European countries, the future state is to open a Forex companies in the future. In the coming years we will see the transfer of a large part of the European financial leverage in this area of the country .odama economic recovery in recent years for this country.
Arab investors preferred to stay away from Cypriot companies, which also tracking system MIFID This is because Anmarhzh control CYSEC to many forex companies in Cyprus is not possible to deal with Arab investors and non-admitted within the European censorship. He asked all Cypriot companies to change the Arab investor's guide to the subsidiary companies have them in a suspicious islands such as Mauritius, or the Virgin Islands or Belize where they get the paper fake license and bank accounts in exchange for tens of thousands of dollars.
My brother the investor if the company asked you and many original documents learn this in your favor and secure for your money, and all Hei comes easily lost this money easily.
Paperwork approved by the European licensing:
1. a copy of the identity card or passport
2. The establishment of electronic paper prove to invest over 15 000 euros in the companies, or a copy of the original sheet through e Scaner, to invest under 15,000 euros. If the investor can not submit a paper to an electronic bank account or invoice Mobile or gas, electricity. IPad Send an e-paper to the company's offices and then the account is activated and provide full insurance for customers' money.
Licensed companies also request a copy of the deposit by credit card covered with its figures to make sure that the account holder is the owner of the trading account.
Finally sum up -
Forex market the world's best markets for trading, and is a very lucrative market, just all you dear investor is entering the market with a safe and suitable company.
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