Shredding The Offshore Broker Myths
In this article we will try to shred some of the key offshore broker myths which are overwhelming the internet space today. A large volume of information is available online these days about the financial markets and forex and CFD trade in particular. Many are the cases where readers are frightened by articles about offshore brokers. Most of the articles about such organisations however are written by people who have either never traded themselves, or never worked within any categry of forex and CFD service provider or financial institution in general. Of course there are a good number of trusted media who offer reliable information. However, what has always dominated the internet space in our topic are articles on websites who are operated by marketeers and not by financial services professionals.
IMGFX is a company found and managed by a team of financial services experts. A part of our team consists of professional and successful traders with decades of experience in trading on the global forex and CFD markets. The other part of the IMGFX team are experts who have extensive history of holding senior positions at both large and small sized licensed and regulated forex and CFD brokers. The IMGFX team have worked under the majority of the strictest international regulators for many years and are very well acquainted with the benefits and challenges those present to individual traders, professional traders, fund managers and businesses. We have truly lived through the evolution of global financial regulation.
IMGFX is a company found and managed by a team of financial services experts. A part of our team consists of professional and successful traders with decades of experience in trading on the global forex and CFD markets. The other part of the IMGFX team are experts who have extensive history of holding senior positions at both large and small sized licensed and regulated forex and CFD brokers. The IMGFX team have worked under the majority of the strictest international regulators for many years and are very well acquainted with the benefits and challenges those present to individual traders, professional traders, fund managers and businesses. We have truly lived through the evolution of global financial regulation.
The IMGFX team have worked under the majority of the strictest international regulators for many years and are very well acquainted with the benefits and challenges those present to individual traders, professional traders, fund managers and businesses.
Let’s get to the essence of this non-keyword orientated article. We will attempt to shred the most profound myth about offshore brokers – the myth that “Your money are not safe with an offshore broker”. Finally, we will disclose why we have decided to base IMGFX offshore.
Your Money Are Not Safe With An Offshore Broker?
Clearly such statements are written by individuals who, although may have read a lot of financial services literature in their lives, have never had exposure to the way a forex and CFD broker is established and the way the financial backbone of such business functions.
Let’s take it in simple terms. A forex and CFD trading broker who holds a trading license, operates as an ECN trading broker, provides traders with direct market access (DMA) – transacts all client funds directly to banks or other liquidity providers to establish equity. The forex and CFD broker has contracts in place with these institutions so all market transactions (trades) can be executed by the clients (traders). Its worth mentioning that the aforementioned organisations certainly have financial licenses in order to execute market transactions. This is where the clients’ money (Your money) are kept. Those funds are insured and in some cases re-insured. IMGFX is a ECN trading broker and strictly follows this operational methodology.
When you understand the above simple logic, it becomes evident that your money are just as safe with a trusted offshore forex and CFD broker as with any licensed broker. Even compared to those holding licenses from the most renowned financial regulators.
Your money are just as safe with a trusted offshore forex and CFD broker as with any licensed broker
IMGFX has contracts in place with banks and liquidity providers who receive our clients’ funds immediately. This enables our clients to start executing trades without delay. We do not keep client funds in offshore banks! We have financial security as a key priority of our business and this is something that we have done for many years as professionals.
Why We Have Decided To Base IMGFX Offshore?
We have reached a consensus within our team for us to position IMGFX as an offshore broker. It was not a difficult decision as it presents us with a strong opportunity to provide a much larger range of benefits to both individual traders and professional traders that we otherwise could.
While financial regulations set the foundations for best industry practices in the operational and financial management of the broker business – they may well be seen as decreasing the flexibility of the broker to offer its services, increasing the operational complexity, increasing the complexity of client onboarding and presenting extreme administration costs to the business (which as with any business is then passed to the end customer).
The offshore operations of IMGFX enables us to:
While financial regulations set the foundations for best industry practices in the operational and financial management of the broker business – they may well be seen as decreasing the flexibility of the broker to offer its services, increasing the operational complexity, increasing the complexity of client onboarding and presenting extreme administration costs to the business (which as with any business is then passed to the end customer).
The offshore operations of IMGFX enables us to:
- Provide traders with simple and fast registration process
- Drastically reduce the time from point of registration to first trade
- Substantially reduce the trading execution costs for traders
- Provide flexibility for even higher security protocols for your funds
- Provide a much faster deposit and withdrawal process
- Offer a much larger choice of leverage accounts to traders
- Accept BTC deposits from virtually any type of wallet
- STP/ECN Technology and Direct Market Access (DMA) Connectivity
The above are some of the key benefits which IMGFX offers to traders.
Trading with IMGFX is easy to start, professional, secure, affordable and anonymous!
We welcome you to IMGFX.
