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Why do brokers hate Americans?
This is a discussion on Why do brokers hate Americans? within the Forex Brokers forums, part of the Forex Discussion category; Hi, I am quite new to trading, and I have a question that could be too laughable to get an ...
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Jan 31, 2009, 10:31am
| #1 |
| Senior Member  Join Date: Dec 2008 Posts: 106
 | Why do brokers hate Americans?
Hi, I am quite new to trading, and I have a question that could be too laughable to get an answer: I noticed that some brokers, like Capital Spreads, do not welcome American customers. Why? Do they hate yanks? |
 
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Jan 31, 2009, 10:44am
| #2 |
| Legendary Member  Join Date: Nov 2001 Location: Cornwall Posts: 2,945
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For TAX reasons etc.....is the reason UK SB firms cannot take US customers. Nothing to do with racism. Read the terms on some of the SB sites for more info
__________________ neil Education is an admirable thing but it is well to remember, from time to time, that nothing that is worth knowing can be taught. (Oscar Wilde)  |
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Jan 31, 2009, 10:45am
| #3 | |
| Veteran Member Join Date: Apr 2006 Posts: 572
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 The post above is recommended by: wasp |
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Jan 31, 2009, 10:45am
| #4 |
| Legendary Member  Join Date: Oct 2008 Posts: 3,423
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its nothing to do with tax, its because gambling is illigal in the US (apart from some places) and spread betting is gambling
__________________ "Let me issue and control a nation's money and I care not who writes the laws." Mayer Amschel Rothschild Bullsh!t, Bearsh!t all smells the same to me! |
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Jan 31, 2009, 12:25pm
| #5 |
| Legendary Member  Join Date: Jan 2007 Posts: 3,994
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Bad haircuts
__________________ Only morons take my advice! Chatroom for STIR traders - open during UK market hours (7am-6pm). Anyone welcome, especially locals, IB/HF traders, brokers (particularly if you have lots of flow ), those with an interest in this field...
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Jan 31, 2009, 12:31pm
| #6 |
| Veteran Member  Join Date: Jan 2008 Posts: 963
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coz most of them are arrogant buffoons...  (and the bucket-shop brokers as well!) |
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Jan 31, 2009, 12:37pm
| #7 | |
| Legendary Member  Join Date: Oct 2007 Posts: 1,623
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The same as all the fuss about the poker websites a few years ago. You can have a gun in america but not a bet....hmmmm
__________________ Thinking of paying for a course, read this first http://www.trade2win.com/boards/gene...tml#post707344 My blog of a simple GBPUSD system http://simpledibs.blogspot.com/ or here http://www.trade2win.com/boards/trad...side-bars.html | |
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Jan 31, 2009, 12:40pm
| #8 |
| Legendary Member Join Date: Jan 2007 Posts: 3,994
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Unfortunately the way things are going the answer to that from the typical government is to ban guns. Both weapons and gambling should be freely avaliable to all. This is so obvious that anyone who disagrees is brainwashed.
__________________ Only morons take my advice! Chatroom for STIR traders - open during UK market hours (7am-6pm). Anyone welcome, especially locals, IB/HF traders, brokers (particularly if you have lots of flow ), those with an interest in this field...
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