I have two questions, master
1. I have been trading with IBFX with a fund of $315 and now it has become $451.75 in approximately 3 months. I am comfortable trading there but I don't know if it's also comfortable to withdraw our profits because I haven't withdrawn yet. I plan to add a capital of 100 million to the IBFX broker. Is it safe to trade with a large amount of funds at IBFX for a fairly long period, for example 1-5 years?
2. I registered with the IBFX broker with a representative in Indonesia. If at any time I go abroad, for example, to Saudi Arabia or Japan or other countries, for example, to study there for a fairly long period, can I trade in those countries with the account I made in Indonesia? Are there any laws that prohibit us from trading with certain brokers abroad?
Thank you, master
From a regulatory standpoint, ibfx.com.au is quite good. Please feel free to continue trading there.
On the other hand, the size of safe also needs to be questioned, how safe is it? Is it safe that the funds will never lose or MC or how?
Because; Forex trading is one of the riskiest forms of investment available and may not be suitable for all traders.
Please read our full Risk Disclaimer, Privacy Policy, Financial Services Guide, Product Disclosure Statement, Disclosure Benchmarks and Terms of Business.
It is advisable to consider when adding funds. We suggest, DO NOT PUT ALL YOUR EGGS IN ONE BASKET. This is to protect, if one basket breaks or has problems, then we still have other egg baskets.
We do not know the performance of the broker in the future. You can learn from the MF Global case in November 2011.
However, the advantage is that if with a truly regulated broker, you will get guarantees, even if the settlement takes quite a long time.
For trading you can be anywhere. It's just that it might be a bit complicated to make a WD. Because IP or internet access codes between one country and another are different. When you open an account in Indonesia, with the data you have, then when you make a WD everything must be the same. So it is good if you access it from Indonesia when making a WD. Hopefully this explanation can help. Thanks
@ Samsul:
...is it safe to trade with large funds with IBFX broker for a considerable period of time, for example 1-5 years?
1. Regarding IBFX Australia broker, since 2016 it has stopped its activities as a forex broker. Its clients were taken over by OANDA, US broker.
...laws that prohibit us from trading with certain brokers abroad?
2. Yes. There are no regulations prohibiting trading in other countries, because trading is done online via the internet, and the internet can be accessed from anywhere in the world.