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  1. Z

    Stay away from SAXO

    Refco CA does. Oanda dosen't. The best you can get in the US is CFTC and NFA. No real insurance in the US with a dealer that provides decent service. Perhaps if I was Canadian it would be a different story.
  2. Z

    Stay away from SAXO

    Also, after the Refco mess, I now keep a autmative news search query on my broker. Live in learn. Would be nice if someone would run these frauds out of business. I'm going to start trading with Oanda in a few weeks. Still waiting for my account to get unfrozen from REFCO, but I still...
  3. Z

    Stay away from SAXO

    Why did you ever open an account with them? I looked at them awhile back and thought that they were a verry sad group of people trying to get in on the FOREX market, but didn't have a clue on how to do it.
  4. Z

    Creating an IRA LLC

    Setting up my non IRA LLC. Trying to disern if there are any tax advantages. I'm primarly creating the LLC as a firewall between my trading and my other finances. I just don't trust any Forex dealer saying that you can't loose more than your account. I figure the LLC is a good firewall...
  5. Z

    Creating an IRA LLC

    Update, My charity and two LLC are set up. I'm waiting for the paper work for my online banking to come in the mail. After my bank accounts are created. Still need to finish the operating agreements, subscription agreements, and getting my accounts set up at iraresources. Decided...
  6. Z

    The difference between demo and real accounts

    Go to the following link, and you will see why I'm using an LLC: http://www.elitetrader.com/vb/showthread.php?s=&threadid=58963&highlight=zonetrooper
  7. Z

    The difference between demo and real accounts

    Hey, I have one account at REFCOFX and one at FXCM. Both accounts trade fine, and generally I'm makeing over 100% a year. Thought right now, I'm in the middle of restructering my accounts, and I will be going over to Oranda. Not because of FXCM trading performance. I just have a HUGE...
  8. Z

    FXCM ask for Personal Guarantee for LLC Accounts

    interesting thing about FXCM, the dealer who claims that you can't loose more than what you deposit. Apparently, when you create an account as an LLC, they DEMAND a personal guarantee. I asked them if there is any way around this, and I've been told by FXCM no. So my question is simple...
  9. Z

    "no rollover" account

    Here is an email that I received from FXCM about the no intrest accouts. It's real. Thank you for your email and interest in FXCM. In respect for the Muslim religion, FXCM is willing to extend a courtesy to Muslim clients whose religion prohibits them from paying/receiving interest. If...
  10. Z

    IRA Account

    Been in contact with schwab about this. It's true. They have a thing called alternative investments. It's a little more price to set up than the company that I previously found. They charge 250 to set up. With aditional $50 some where for set up. $100 Anual maint. $100 each time...
  11. Z

    IRA Account

    IRA's are generally not allowed to borrow from my previous research. Margin Accounts is a form of borrowing. Least that is what my previous research led me to believe. If I get time, I'll see if I can find the reference again. I could be mistaken.
  12. Z

    IRA Account

    Wow, I didn't know Schwab does that. Hmm. Got a link? I'd rather go through them if I can....
  13. Z

    Creating an IRA LLC

    Thanx for your comments. Comment 3: I was aware of that pit fall. Comment 1: I shouldn't have to personally guarantee anything, since both entities should be well funded, and I'm not planning on borrowing any money. So I think I'm good there. Comment 2: I'm not familur with Active...
  14. Z

    IRA Account

    One other thing I didn't like about them was there cost. The company I listed in the other link has a nice flat rate. I don't like fee systems where the custodian get's a percent of my account each year. After all, what is it to them weather or not I have a serveral million or a couple of...
  15. Z

    "no rollover" account

    Why would anyone want a no intrest accounts anyway? Is there trading strategy to trade against the current, and loose money???
  16. Z

    IRA Account

    I looked into Millenium awhile back. Though I've heard of people trading with them in an IRA account, I'm fearful the the IRS one day may look at those accounts, and give them a lot of scrutiny. FOREX trading is still relatively new, and the IRS auditor might get all spun up on MARGIN trading...
  17. Z

    IRA Account

    Check out http://www.elitetrader.com/vb/showthread.php?s=&threadid=58963 I've already done the research on this, and am getting ready to implement. FYI, the only way I've been able to find on how to do this is to create an LLC, and have my IRA buy into it. I've heard of some dealers...
  18. Z

    "no rollover" account

    They do?? Are your sure????
  19. Z

    Creating an IRA LLC

    Yes. That's what I'm trying to do. To me it seems fairly simple, and has lots of advantages for all the enities involved (The IRA's and the Charity.) Though I find it interesting, that I don't find two many people talking about doing this very thing. I would think that people in...
  20. Z

    Creating an IRA LLC

    You misunderstood me. The LLC I am creating will have the following entities that will buy into it. My IRA owns 60% of the LLC My Wife's IRA Owns 20% of the LLC My Daughter's Ed IRA owns 5% of the LLC My Son's Ed IRA owns 5% of the LLC The Charity that I am forming owns 10% of...
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