[quote=“rokra, post:7, topic:14692”]
Because its more convenient. To deal with foreign brokers you have to wire them money. You also need a passport which you have to scan and give them so that they allow you to withdraw your money. Its a huge hassle and there is always the risk that they will say “screw you! you are a pakistani and we don’t want to deal with you.” and steal your money. Ecommerce isn’t exactly pakistani friendly. We have to jump through so many hoops.
hahah i just read mathbatra wrote “500 RUPEES ANNUAL WITHHLODING CHARGE” damn i feel bad for local businessmen who deals with such stupid rules hell bent on destroying economic machinery. and there are thousands of them…
i don’t trust !@#$ financial institutions so i don’t do any kind of business with them, what you say if thats true then then thats bad for you.
as far as the fxcm or thinkorswim is concerned they don’t have stupid policies or procedures it must be from your !@#$ institution side only.
even though both are north american based firms. and they provide ironclad security to your capital either its 5 dollars in your account or 5 million dollars in your account. and there is also protection insurance for free from US government in terms of your brokerage account even if you are not an american and you are pakistani but american govt will protect your capital its called SIPC meaning if your brokerage account has upto 250k dollars in cash then they are automatically insured through SIPC if the brokerage firm goes down then your first 250k in cash will be redeemed by SIPC, for you to say that they’ll say “screw you” is more of a reality expected from !@#$ institution.
FXCM: north american FX trading firm whose 80% clients are scattered in all over the world in more than 100 countries doing trading 24/7 and all are happy with the service.
THINKORSWIM: Direct access stock trading firm, one of the favorite firm of international clients/traders belonging to more than 80 different countries.