 To open a 'live' or 'demo' trading account in Forex or CFDs Click Here.
Before jumping into any particular account opening procedure, there are many things to consider in order to accomplish the intended objectives and maximize the potential benefits.
First of all, what type of account are you considering?
• Investments and Trading Here are some questions which will guide us in identifying the proper type of account for you and the appropriate provider;
-
What will be the primary activity of the account? Forex Trading? Stocks? Options, Indexes or CFDs?
-
Will you be self directing it doing your own trading or do you prefer a professionally managed account?
-
What amount are you considering to start with?
-
Do you prefer a U.S. based account or non-U.S. based account?
-
What level of experience do you have in trading in this market?
• Banking: We can help to arrange banking relationships ranging from a corporate current account (i.e. checking) with international debit card account access starting with as little as $100 deposit, up to extremely sophisticated 'Private Banking' investment accounts with Banks who won't consider you with less than a $250,000 opening deposit and several levels in between. You need to think about the level and type of activity which the bank can anticipate and the support services you will need. With this outline, we can make the appropriate recommendations, introductions and provide the necessary paperwork.
There are far too many international banks and organizations, some with global reputation, who offer absolutely no instruction, or even worse, the wrong instruction about simply opening an account in your own name. They rush you into the procedure touting the strength of their bank or institution and the privacy they offer through local legislation and then promptly neglect to tell you about the information sharing treaties they have with your home country, tax with holding agreements and other compromises to the integrity of your privacy and asset protection simply in order to get your deposits.
This flies in the face of good business planning. Many clients seeking offshore privacy and protection from snoops fall right into the trap without the right guidance and set themselves up for potential problems that could ruin more than just their day!
Are you aware that some of the most aggressive tax collecting countries consider any account, corporate or otherwise, in which you are sole signatory, to be your ‘personal’ property and subject to seizure or confiscation it the mood strikes them? We even know one big brother who will tax you on corporate earnings whether you have received them or not, if you are not set up properly. Fail to report those? Ooops. Now we are talking possible criminal action in addition to the civil seizure efforts.
We have seen it first hand in far too many cases and without the proper guidance the sales pitches from banks and financial institutions and other membership oriented support groups, who take advantage of many clients who are ignorant of reality in the international marketplace and unknowingly fall into a pit.
Don’t be scared. Be informed and be strong. All the headaches can easily be eliminated and the benefits captured with the proper set up and procedure.
Whether you are seeking banking, brokerage, internet trading or investment accounts, we suggest you speak with one of our representatives first to match your needs with the proper solution. We have many options and we want you to be as successful in your relationships as we have been, without the headaches you may get from the do-it-yourself crowd.
If it’s worth doing…it’s worth doing it right, the first time !
Contact us to begin a no cost, no obligation consultation and analysis.
|
