That is insane. I would stay clear of this broker because of this list alone.
That list reminded me of Trump's 'shit hole' countries remark from 2018
That list reminded me of Trump's 'shit hole' countries remark from 2018
That is insane. I would stay clear of this broker because of this list alone.
Why?, if they don't want the regulatory hassle and head aches, i don't blame them. I wouldn't want it either if i was running a small brokerage firm.
M.W. The OFAC and FATF list comes from the US Treasury Department and is enforced by EVERY US regulated Broker Dealer. It is not unique to this Futures Broker.
Do you have a link to that official list and have compared the two lists are identical? Some countries on that list don't appear to warrant exclusion. Why Nigeria for example? Both the US and Canada immigrate tons of Nigerians every year but they are not good enough to be held as customers?
Philippines? Seriously? Even Ukraine on that list. Lol. Good enough to pour hundreds of millions of US tax payer money in but not good enough to do business with. Awesome policies you got there.
that is a complete lie AMP_Global. I also have had an application denied and the reason given was simply "too risky" - WTF. I have never ever had the same entity rejected by another broker in my 17 years trading futures. A complete lie with the reason given. And like the original poster, I had the same nonsense as them.
just curious, try out other brokers and see what they say. ninjatrader, tradestation, dorman, phillip, interactive brokers...the list goes on and on