(3) Other financial account. The term “other financial account” means—Also, because of the way USForex works, it allows you to convert currency only if a strike price is met (e.g. if the dollar ever drops below this amount, do a conversion), does that technically meet (iii)?
(i) An account with a person that is in the business of accepting deposits as a financial agency;
(ii) An account that is an insurance or annuity policy with a cash value;
(iii) An account with a person that acts as a broker or dealer for futures or options transactions in any commodity on or subject to the rules of a commodity exchange or association; or
The CGI Foreign Exchange solution was designed by industry specialists to meet these challenges, enabling financial institutions to offer an advanced foreign exchange product to their customers via the Internet. The Foreign Exchange solution is comprised of three powerful components: Coverage of post-market trading including futures information for the S&P, Nasdaq and NYSE. FOREX.com is a registered FCM and RFED with the CFTC and member of the National Futures Association (NFA # 0339826). Forex trading involves significant risk of loss and is not suitable for all investors. Full Disclosure. Spot Gold and Silver contracts are not subject to regulation under the U.S. Commodity Exchange Act. GCI Financial offers 2 forex trading account types, depending on the trading platform. Both accounts offer commission-free trading, variable spreads, leverage up to 1:400, and 4% annual interest paid on the account balance. Unfortunately, micro lots are not available with this broker. Trading-wise, things are pretty standard. GCI Financial offers 24 hour online forex trading with instant execution, low fixed spreads, trading from charts, and a range of CFD products.
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