I want to ask if registering with interactivebroker branch in the UK (Europe), Hong Kong, or Singapore, would the FIFO rule and others still apply or would it follow the regulations of that country?
2 Answer
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Rudi Wijaya
04 Mar 2022, 13:57
Indonesian citizens, those regulations do not apply, because a country's regulatory body only protects its own citizens. For example, if an Indonesian citizen registers with a broker regulated by the FCA in England, the server when registering will definitely be directed to offshore regulations. From several foreign brokers that I have registered with, all have been directed to offshore regulations. But register with a broker regulated by the FCA, even if Indonesian citizens are directed to offshore regulations, at least that broker already has a name with the FCA.
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erik tri cahyo
07 Mar 2022, 08:49
To Ahmad,
As far as I know, if a broker opens a branch/representative office in a country, all rules and regulatory status follow the local regulator where the broker opens the branch/representative office. Therefore, in this case, the FIFO trading rules from Interactive Brokers headquarters (US) do not apply to other representatives located outside the US. Not only that, the regulatory status is also different. The US regulatory status will not apply to Interactive Brokers representatives outside the US.