Is Europe FX genuine?

Inhaltsverzeichnis:

1. Is Europe FX genuine?
2. Who owns Europe FX?
3. Is FX trading safe?
4. Are CFDs gambling?
5. Why are CFDs banned in the US?
6. Can I trade forex with 1 dollar?

Is Europe FX genuine?

Despite their regulatory standing, EuropeFX is considered a trading scam.

Who owns Europe FX?

Europe FX, as indicated on its own website, is owned and operated by Maxiflex Global Investments Corp Limited. It is registered as Cyprus Investment Firm (CIF) with registration number HE327484. It is also licensed by the Cyprus Securities and Exchange Commission (CySEC) under licence number 258/14.

Is FX trading safe?

The Forex market is a legitimate trading market where the world's currencies are traded. It is not a scam in itself. Without the Forex market it would be difficult to trade the currencies needed to buy imports, sell exports, to go on holidays or do cross border business.

Are CFDs gambling?

CFDs are similar to spread betting in that you can bet on stock price movements without having to actually own the shares. The key difference is that spread betting is considered a form of gambling, so is free from capital gains tax and stamp duty, but CFDs are only free from stamp duty.

Why are CFDs banned in the US?

Part of the reason that CFDs are illegal in the U.S. is that they are an over-the-counter (OTC) product, which means that they don't pass through regulated exchanges. Using leverage also allows for the possibility of larger losses and is a concern for regulators.

Can I trade forex with 1 dollar?

The forex market was once much less accessible to average investors, but getting started is easy now. Many large brokerages, such as Fidelity, offer forex trading to their customers. Specialized forex brokers, such as OANDA, make sophisticated tools available to traders with balances as low as one dollar.