Have you guys tried BeamFX in New York? I live in India and have been trading forex with them for 2 months now. Funds are held in Citibank - very safe.
I don't understand the problem. If only a bank like barclays or citibank has your money, and not the actual forex broker, then why is it illegal? It's just transactions between you and a large bank...
I live in India and trade forex through BeamFX in New York. Money is held in Citibank - one of the largest international banks in the world. So far I have not gotten in trouble doing this... Why is it wrong?