Forex Guide

Can I Open Brokerage Account With ITIN Number?

Can I Open Brokerage Account With ITIN Number?

Opening a brokerage account is an easy process; that's the general expectation. Simply fill in your personal details, and once the broker verifies supporting documents, you are good to go. But the process gets quite complicated when you are a non-citizen or non-permanent resident. Some brokerage firms restrict membership to US citizens.

Forex Brokers With Low Margin Requirements

Forex Brokers With Low Margin Requirements

You will come across the term margin countless times in your trading journey. You probably have encountered it already. In any case, you need a margin to open a trade. But what is a margin? A margin is the portion of capital that you need to open and maintain a trade. Think of it as a collateral or goodwill assurance that you can cater to a loss if the trade goes south.

18 November, 2021

Best Brokers That Accept ITIN

Best Brokers That Accept ITIN

In the United States of America, there is a limit placed on the access of citizens and residents to trade the financial markets through a broker. Such limits are only removed if the citizen or resident has an ITIN (Individual Taxpayer Identification Number). However, the major challenge is that there are only a few brokers that accept ITIN as a valid means of identification. This further limits the available broker options that prospective investors resident in the US can choose from. In accordance with our research, there are currently only about 7 brokers that accept ITIN.OverviewBrokers that accept ITIN for identification are ...

20 December, 2020

Best Forex Traders In Kenya

Best Forex Traders In Kenya

Forex trading is a prevalent way of generating income online in this internet age, not just in Kenya, but worldwide. It would seem easy at a basic level; you only buy and exchange one foreign currency for another, but forex trading is deeper than that. Today, we will look at some of the best traders in Kenya.

16 September, 2020

Forex Brokers that Accept Mobile Money in Ghana

Forex Brokers that Accept Mobile Money in Ghana

If you are based in Ghana and you want to trade forex, there is a high chance that you are looking for an FX broker that accepts mobile money for deposits and withdrawals. According to research made by African Payment solutions, nearly 1/2 of all population of Ghana has access to mobile money. The most popular telecom provider in Ghana is MTN Mobile Money followed by Airtel Money. Mobile money is particularly popular in Ghana because of its convenience, it is basically accepted everywhere, even at your local grocery store. Because everyone accepts it, forex traders are also often looking for FX brokers who accept it for funding t...

04 September, 2020

Forex Brokers that accept Ecocash

Forex Brokers that accept Ecocash

This article describes forex brokers who accept the use of Ecocash for forex deposits and withdrawals. But what is mobile money all about?Ecocash is a telecom company-driven mobile money solution that operates in Zimbabwe. It is a product of Econet, a telecom company that operates in several countries in Africa.

08 August, 2020

Forex Brokers that accept Mobile Money

Forex Brokers that accept Mobile Money

The number of forex brokers that accept mobile money for deposits and withdrawals is still relatively low. Despite this fact, there are already a couple of solid forex brokers who work with mobile money. The mobile money payment channel is very common in Africa, especially in Ghana, Kenya, Cameroon, Rwanda, Uganda and Tanzania, where it is used as a tool for financial inclusion.

Forex Brokers in Kenya with M-Pesa

Forex Brokers in Kenya with M-Pesa

Forex brokers that accept M-Pesa offer the opportunity to deposit and withdraw funds from a forex account using the M-Pesa payment channel. The M-Pesa payment channel is particularly popular in Kenya and Tanzania, but its popularity is also increasing throughout Afghanistan, Mozambique and India. M-Pesa is coined from a Swahili term: “m” stands for “mobile” and “pesa” stands for “money”. M-Pesa is a mobile payment method set up by Vodafone’s Kenyan partner.

Forex Brokers that accept Credit/Debit Cards

Forex Brokers that accept Credit/Debit Cards

The use of credit and debit cards as a payment channel by forex brokers is not new and has been around since the early days of retail forex trading. This article will look at the best forex brokers that accept credit/debit cards, their key features, and deposit and withdrawal policies.

Payoneer Supported Forex Brokers

Payoneer is a popular international payment system that the company's clients use to send or receive money all over the world. According to the Payoneer website, they have over 4 million users across 200+ countries to whom they provide a fast, flexible, secure and low-cost solution. Payoneer accounts can be held in USD, EUR, GBP, JPY, CAD, AUD & MXN.What Forex brokers are accepting Payoneer?Unfortunately, I could not find any forex broker that would directly accept Payoneer for deposits and withdrawal (And I doubt that there is any). With that being said, because Payoneer offers ACH Bank Debit card, credit card, local bank transf...

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