Based on practice, many experts recommend traders to enter into transactions in the Forex market through banks, and not through any companies or dealing centers. In turn, traders are wondering “Why?”.
Firstly, if a customer places money to work in the foreign exchange market in a bank, then he receives a 100 percent guarantee of their safety. Unfortunately, in the Russian market there have been several situations when dealing centers, accepting money from customers, suddenly “evaporated”. Accordingly, the funds placed on client accounts also disappeared. The search for “evaporated” heads of dealing centers did not lead to positive results. First of all, this was due to the lack of legal grounds for bringing those responsible to justice. As a rule, contracts were signed by proxies of foreign or Russian companies that do not have a license to work with client funds in the foreign exchange market. If the contract is with the bank, the client receives a two-way warranty. First, it is the name and authority of the forex bank. Secondly, the current legislation of the Russian Federation, which, of course, complies with any Russian bank, for example, Nefteprombank, which has been operating since 1996. Open an account in this bank and receive an additional bonus of 0.4 points from the spread via FxCash.RU.
The second reason that preference should be given to trading on Forex through a bank, rather than through a dealing center or a brokerage company, is that many of these centers and companies do not have direct access to the Forex market and, accordingly, resort to banking services. Thus, we are dealing with the usual mediation activity, which carries additional (intermediary) costs for customers. By contacting the bank directly, you will not only avoid these “idle” costs, but also acquire a reliable and honest partner in the person of Forex Bank.
Dukascopy Bank SA offers to trade forex through a bank using accounts that can be opened in 8 different currencies – USD, CHF, EUR, GBP, JPY, CAD, AUD and SGD. Dukascopy Bank SA – 100% bank guarantee, depositary services. Trade through Dukascopy Bank SA and receive an additional bonus in the form of 30% of the spread through FxCash.RU.
Briefly about the advantages of working through brokers
Banks Forex brokers, always highly stable in financial relations. banks Forex brokers, a direct participant in interbank trading. banks Forex brokers, a more reliable supplier of quotations on the Forex market.
If you are trading through a reliable and proven forex bank that is not on the FxCash.RU list of companies, you want to receive an additional reward in the form of a spread return guaranteed, you can leave your offer.