-->
Register


Results 1 to 15 of 58
Page 1 of 4 1 2 3 4 LastLast
  1. #1
    Helene at FXCM's Avatar
    Helene at FXCM is offline Moderator
    Join Date
    Oct 2008
    Posts
    1,457

    Banned Country List and Others

    At the current time, we are not able to do business with the following countries:

    British Columbia (Canada)
    Quebec (Canada)
    South Korea

    Belarus
    Cuba
    Ivory Coast
    Iran
    Liberia
    Myanmar
    North Korea
    Sudan
    Syria
    Zimbabwe

    Traders in the following countries can apply for a Micro Account, however can only use wire transfer to fund their accounts as our credit card vendor does not accept credit card Payments from these countries:

    Nigeria
    Indonesia
    Pakistan
    Ukraine
    Romania
    Bulgaria
    Bosnia + Herzegovina
    Lithuania
    Macedonia
    Montenegro
    St. Helena

    For Australian Clients:

    FXCM Australia offers many account options, however, at this time Micro accounts are not offered. For a full description of different account types, please click here.
    Last edited by Lena V.; 12-28-2009 at 02:48 PM.

  2. #2
    mteknight is offline Registered User
    Join Date
    Jan 2010
    Posts
    1

    Question

    Hi!

    I'm from Brazil, and wish to apply to a micro account. I have noticed that when beginning the application the website tells me that some contries aren't allowed and Brazil is listed. When I click "More Info" I get this post and it doesn't show Brazil on the list.
    Is my country allowed to open the micro account? Are there any restrictions?

    If I can't open the account than I'll have to look elsewhere as my investment plan doesn't include funding $2,000 into an account. I wish to start low and grow.

    Regards,
    Alexandre

  3. #3
    Xeeshan is offline Registered User
    Join Date
    Jan 2010
    Posts
    1

    Banned countries to credit card payments

    Helene plz confirm that the banned countries for credit card payments only apply for US clients only or both US and UK clients

  4. #4
    Helene at FXCM's Avatar
    Helene at FXCM is offline Moderator
    Join Date
    Oct 2008
    Posts
    1,457
    Quote Originally Posted by Xeeshan View Post
    Helene plz confirm that the banned countries for credit card payments only apply for US clients only or both US and UK clients

    This applies to clients who have an account to both FXCM US and FXCM UK.

  5. #5
    Michael Jarosz is offline Registered User
    Join Date
    May 2009
    Posts
    2
    Why can't we open a Micro Account in BC?

  6. #6
    Helene at FXCM's Avatar
    Helene at FXCM is offline Moderator
    Join Date
    Oct 2008
    Posts
    1,457
    Quote Originally Posted by Michael Jarosz View Post
    Why can't we open a Micro Account in BC?
    Michael,

    This is due to regulations and documents and such.. At this time BC can not open an account.

  7. #7
    Michael Jarosz is offline Registered User
    Join Date
    May 2009
    Posts
    2
    Quote Originally Posted by Helene Z. View Post
    Michael,

    This is due to regulations and documents and such.. At this time BC can not open an account.
    Hello Helene,

    Thank you for your reply, but this is still not making any sense to me.

    If a small(er) company like Questrade can meet those regulations and documents, why can't you guys?

    And I apologize if I am little pushy about this, but I was really looking forward to trading with FXCM. Unfortunately, this is looking to be less and less likely with each day; before it was just Micro Accounts that were out of my reach, now all of FXCM has pulled out of BC.

    What's worse is that I can't find a logical reason for any of this.

    1. As stated above, if other companies can meet these regulations, why can't you?

    2. If the regulations are really that strict/nonsensical (I know that the BCSC can be a complete a*s), why not create a separate company for BC operations that meet said regulations? That way your other operations are not affected, and BC residents get to trade with you.

  8. #8
    tisoy pogi is offline Registered User
    Join Date
    Feb 2010
    Posts
    1

    Smile Banned Country List & Allowed Country List

    Hi Helene!

    I'm from Philippines and am interested in openning a micro account in FXCM. However, my country is neither included in the Banned Country List nor Allowed Country List. Is it possible for me to trade with FXCM?

    FXCM has an auhtorized broker in our country, Forex Club Manila, but it does not offer a micro account.

    Awaiting your reply.


    Best Regards,


    Tisoy

  9. #9
    Suhail at FXCM's Avatar
    Suhail at FXCM is offline FXCM Micro Support
    Join Date
    May 2009
    Posts
    399
    Quote Originally Posted by Michael Jarosz View Post
    Hello Helene,

    Thank you for your reply, but this is still not making any sense to me.

    If a small(er) company like Questrade can meet those regulations and documents, why can't you guys?

    And I apologize if I am little pushy about this, but I was really looking forward to trading with FXCM. Unfortunately, this is looking to be less and less likely with each day; before it was just Micro Accounts that were out of my reach, now all of FXCM has pulled out of BC.

    What's worse is that I can't find a logical reason for any of this.

    1. As stated above, if other companies can meet these regulations, why can't you?

    2. If the regulations are really that strict/nonsensical (I know that the BCSC can be a complete a*s), why not create a separate company for BC operations that meet said regulations? That way your other operations are not affected, and BC residents get to trade with you.
    Hi Michael,

    We have an automated application process at FXCM Micro. In part due to the unique characteristics of the British Columbia regulatory process, it has not been feasible to extend our service to BC residents. We appreciate your interest in FXCM Micro, but since we are not regulated by the British Columbia Securities Commission, we cannot open an account for you at this time.


    Suhail

  10. #10
    Suhail at FXCM's Avatar
    Suhail at FXCM is offline FXCM Micro Support
    Join Date
    May 2009
    Posts
    399
    Quote Originally Posted by tisoy pogi View Post
    Hi Helene!

    I'm from Philippines and am interested in openning a micro account in FXCM. However, my country is neither included in the Banned Country List nor Allowed Country List. Is it possible for me to trade with FXCM?

    FXCM has an auhtorized broker in our country, Forex Club Manila, but it does not offer a micro account.

    Awaiting your reply.


    Best Regards,


    Tisoy

    Hi Tisoy,

    FXCM Micro does accept clients from the Philippines. You can select the Philippines from the dropdown list on the application page by clicking HERE.

    Thanks for your interest in FXCM Micro.

    Suhail

  11. #11
    Lorant is offline Registered User
    Join Date
    Mar 2010
    Posts
    1

    ?

    Hello.If i use wire transfer to fund my accounts(1000 $) i can withdraw the profit via credit card ? I m from Romania.(banned country)

  12. #12
    Helene at FXCM's Avatar
    Helene at FXCM is offline Moderator
    Join Date
    Oct 2008
    Posts
    1,457
    Quote Originally Posted by Lorant View Post
    Hello.If i use wire transfer to fund my accounts(1000 $) i can withdraw the profit via credit card ? I m from Romania.(banned country)
    Lorant,

    No, withdrawals will be via wire transfer as well.

  13. #13
    numbnuts is offline Registered User
    Join Date
    Mar 2010
    Posts
    2
    Hi

    i live in New Zealand and wish to open a micro account. New Zealand doesnt see to be an option in the drop down menu however, I get redirected to the Australian site which doesnt offer micro accounts. Can I trade micro lots with FXCM or do I need to go elsewhere?

  14. #14
    Helene at FXCM's Avatar
    Helene at FXCM is offline Moderator
    Join Date
    Oct 2008
    Posts
    1,457
    Quote Originally Posted by numbnuts View Post
    Hi

    i live in New Zealand and wish to open a micro account. New Zealand doesnt see to be an option in the drop down menu however, I get redirected to the Australian site which doesnt offer micro accounts. Can I trade micro lots with FXCM or do I need to go elsewhere?
    numbnuts:

    Please try to clear the cache and cookie to the browser you are using and try this link once again Open a Forex Trading Micro Account for $25 Dollars if it still doesn't work, please email use at info@fxcmmicro.com

  15. #15
    arunaa is offline Member
    Join Date
    Dec 2009
    Posts
    14

    Withdrawal Question

    I currently have a micro account with FXCM UK and I live in Ohio ,USA..I want a withdrawal check to be sent to my mom who is in India..How should I do that and what are the restriction ?..I have a bank account in my name in India too..


    Arun

Page 1 of 4 1 2 3 4 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Forex Capital Markets LLC. will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.