Hi my friend and I wanted to open an CFD account with this broker named COLMEX PRO. However we began searching on the internet and discovered a couple of terrible reviews. Now we're a little apprehensive about joining. We are American citizens residing in South Korea. We are looking for a broker(not IB) who can provide accounts to the above situation. We;re also looking for a broker who has low commission fees, follows the market spreads ( i think its called DMA), and gives a high leverage. Thank you
Reliable and trusty worthy CFDS broker for american citizens living abroad??? Please need info
- Thread starter cashclay
- Start date
rmorse
Sponsor
I'm not an expert on CFD, but DMA is direct market access and normally describes access to listed exchanges where you can direct your order vs some order router. Contract for difference as far as I know is an OTC products that is broker dependent. Why not just trade the equities as a US citizen. What is the advantage for you?
Well they wont accpet me due to the fact im residing in south korea. Also i have a small monetary account and read about the high leverage given to CFDS; plus less regulation on shorting is constricted on CFDS. Besides im learning from a CFD trader on how to trade. He toldme to use and uses colmex. But im not liking it lol.