Liteforex Philippines

This broker organizes countless webinars from time to time where traders can discuss anything with experts in the financial markets. 83% of retail investor accounts lose money when trading CFDs with this provider. You should forex news consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FP Markets supports MT4, MT5 as well as IRESS Viewpoint platform, a web-based online trading platform.

Investment Consultant of PIPC Corp. who allegedly invited, convinced and assured private complainants Luisa Mercedes P. Lorenzo and Ricky Albino P. Sy to invest lexatrade reviews in PIPC Corp. To prove their allegations, respondents attached email exchanges with respondent Santos regarding the details in investing with PIPC-BVI.

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3.13.”Salesman” is a natural person, employed as such as an agent, by a dealer, issuer or broker to buy and sell securities. 3.5.”Associated person of a broker or dealer” is an employee thereof whom, directly exercises control of supervisory authority, but does not include a salesman, or an agent or a person whose functions are solely clerical or ministerial. 25.It also bears stressing that of the twenty-one complainants in this case, only complainant Ricky Albino Sy alleged that he had actually dealt with me. Complainant Sy himself never alleged that he delivered or entrusted any money or property to me. On the contrary, complainant Sy admitted that he deposited his investment of U.S.$40,000.00 by bank transfer to PIPC-BVI’s account in the ABN Amro Bank. That the money was delivered to PIPC-BVI, and not to me, is shown by the fact that the receipt was issued by PIPC-BVI. I never signed or issued any acknowledgement receipt, as I never received any such money.

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The same principle should apply to individual, like myself, who was only acting within the bounds of her assigned tasks and had absolutely no decision-making power in the management and supervision of the company. As I mentioned above, I joined PIPC Corp. only in April 2005 and, by that time, the company was already in existence for over four years. I had no participation whatsoever in its creation or formation, as I was not even connected with PIPC Corp. at the time of its incorporation. In fact, I have never been a stockholder, director, general manager or officer of PIPC Corp. Further, PIPC Corp. was duly registered with the Securities and Exchange Commission and was organized for a legitimate purpose, and certainly not for the purpose of perpetrating a fraud against the public.

Another condition that may come as a hindrance is the prerequisites that must be met. The demo account’s main aim is to enable customers to test the system’s overall usability.

LexaTrade forex brokers reviews

The was masked by a supposed offshore foreign currency trading scheme promising that the principal or capital infused will be guaranteed or fully protected. Coupled with this guarantee for the principal is the prospect of profits at an annual lexatrade website rate of 12 to 18%. the other enticements provided by the subject company were free use of its business either for personal or business purposes, free subscription of imported magazines, abroad, and insurance coverage, just to name a few.

Bdswiss Overview

Copy trading is available through Myfxbook autotrade as well as MQL5 signals. Swap-free MetaTrader accounts, also known as Islamic accounts, are also available upon request. An administration fee applies to these accounts for positions held over two consecutive trading days.

Is forex tax free in USA?

Spot forex traders are considered “988 traders” and can deduct all of their losses for the year. Currency traders in the spot forex market can choose to be taxed under the same tax rules as regular commodities 1256 contracts or under the special rules of IRC Section 988 for currencies.

It offers enticing weekly competitions, a bespoke trading platform, plus live video support, despite being relatively new. Moreover, this broker is an enticing proposition for both beginners and seasoned traders with a range of online trading accounts, plus straightforward setup and usage. There are in-depth trading tutorials that will direct new traders across the platform. The platform’s elegant system makes it hassle-free when picking financial currency exchange instruments to trade. With only a few taps, you can get to the currency pairs, commodities and indices of your preference. In the form of Videforex’s social trading feature, also known as ‘copy trading’, there is a useful additional feature of the site. A London-based fintech company, Trading 212 offers a bankable online forex service powered by free and easy-to-use trading apps and platforms to access forex, commodities, and equities markets.

I heard about PIPC Corporation from my friend Derrick Santos during an informal gathering sometime in March 2006. He said that the investments in PIPC Corporation generated a return of 18-20% p.a. He then gave me the number of his sister, Oudine Santos who worked for PIPC Philippines to discuss the investment further.

Hundreds Of Bodies Found Buried Along Indian Riverbanks

On its official site, BDSwiss claims to have over 1.5 million registered accounts which account for over $84 billion average monthly trading volume of the broker. BDSwiss has been on a continual development trajectory since its inception. It covers 186 countries for its brokerage services, with more than 10 offices worldwide and over 17,500 partnerships.

LiteForex’s clients get 24h technical support 5 days a week both online and over the phone. Support is available in Arabic, Brazilian, English, Indonesian, Malay, Spanish and Pakistani.

  • ActivTrades is one of the oldest Forex brokers in the industry that has been providing Forex products and services to the retail trading market since 2001.
  • Taken by face value, these accounts already allow for a wide selection for novice and seasoned traders alike, placing plenty of avenues to cover multiple assets.
  • FP Markets provides Direct Market Access to thousands of financial instruments over an Electronic Communication Network .
  • Over-the-counter risk management solutions across commodities, foreign exchange, interest rates and equity derivatives.
  • ShapeShift is a cryptocurrency exchange that offers trading in a variety of digital assets.
  • There are in-depth trading tutorials that will direct new traders across the platform.

What can be improved on further with the platforms is the authentication process for logging in. It is recommended that the developers up this by turning the one-step login system into a two-factor one for greater security.


You should be prepared to provide your deposit address and/or transaction ID. This means you can only exchange one token for the other because fiat currency is not enabled. Although trading on the platform has been blocked in a few states in the USA due to regulation.

LexaTrade forex brokers reviews

We endeavour to ensure that the information on this site is current and accurate but you should confirm any information with the product or service provider and read the information they can provide. If you are unsure you should get independent advice before you apply for any product or commit to any plan.


The Standard account requires a $1,000 minimum deposit and provides spreads starting from 1.7 pips and zero commissions. It provides users access to spreads starting from 1.4 pips and zero commissions. Lastly, the Prime account is a luxurious account type as it asks for a $50, 000 deposit. Swissquote is more than just a broker as it has expanded its business arms by establishing the Swissquote Bank Ltd and the Swissquote Ltd, with the latter operating in the U.K. Swissquote has a quantitative research team that structures its range of products, including a certificate for cryptocurrency trading. Because of that, the broker has a wide set of educational content, including a Daily Market Brief, a Weekly Live Analysis report, and a Morning News series from its strategy desk. Other than those, Swissquote also has a bi-monthly magazine, which is filled with 80 pages of rich content about the global markets.

What’s the catch with forex trading?

However, there is a catch — the government banks that issue the currency are also on the market and they are interested in keeping its value high. So when the currency starts losing its value, a government bank will often start buying it, trying to prop it up.

Private complainants maintain that Santos, apart from being PIPC Corporation’s employee, acted as PIPC Corporation’s agent and made representations regarding its investment products and that of the supposed global corporation PIPC-BVI. Facilitating Lorenzo’s and Sy’s investment with PIPC Corporation, Santos represented to the two that investing with PIPC Corporation, an affiliate of PIPC-BVI, would be safe and full-proof. Oudine Santos also emphasized in that same meeting that I should keep this transaction to myself because they were not allowed to conduct foreign currency trading. However, she assured me that I should not worry because they have a lot of “big people” backing them up. She also mentioned that they were applying for a seat in the “stock exchange.” Classic – with a minimum deposit of $100, traders will be dealt with spreads starting from 1.5 pips and zero commissions. Trading features and services include 24/5 support, Daily Analysis, Trading Academy, free live webinars, basic access to Autochartist, and limited access to Trading Alerts.

Videforex offers brokerage services to all levels of traders, both institutional and retail. Your understanding of a good trading platform, different trading tools, and unique offerings and perks that will give you the best trading start and a whole lot more about the best trading conditions will determine which forex broker suits you. Your trading capital might just come as a secondary consideration once you realize essential factors in picking the best forex broker out there. Before opening an account, clients should put into consideration Alpari’s terms and conditions. Interested parties would have to choose between the Swiss and European sites before registering.

Past performance of any product described on this site is not a reliable indication of future performance. is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which receives compensation.

Clients may fully benefit from educational materials, such as trade-related articles and visuals, which enable a holistic learning experience. The website has a special feature called Trading Ideas forex indices that makes research easier. This displays all of the requisite testing resources, while Dukascopy TV provides a steady stream of industry news for additional and substantial market insights.

In fact, it appears that I have been dragged in to this allegation based on the hearsay statement of Felicia Tirona that I was one of the in-house “account executives” or “work force” of PIPC-BVI and PIPC Corp. There was no allegation whatsoever of any illegal act done by me to warrant the institution of criminal charges against me. If at all, only Michael Liew should be held criminally liable, as he was clearly the one who absconded with the money of the investors of PIPC-BVI. Mr. Liew has since disappeared and efforts to locate him have apparently proved to be futile to date. Neither can I be liable of forming a syndicate with respect to PIPC- BVI. To reiterate, at no time was I ever a stockholder, director, employee, officer or agent of PIPC-BVI. I had no participation whatsoever in its creation and/or in the direction of its day-to-day affairs.

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