I agree, it's way easier...to craft out a living by trading if you're located in the US; Alot of other countries have a huge combination of limitations ...i'm not gonna necessarily list them all technically, but you can figure them out on your on.
I seem to remember Belgium has been on the warpath of the last few years making trading quite difficult for people.
I don't think so in the developed world. Care to point out a country? Sorry that I am often not precise enough (am I am definitely guilty of the occasional exaggeration) but then we don't want to compare the US with the Congo or Yemen , right?
They can still trade cfds , fx (regulated and unregulated , except binary options) , spread betting, online betting (http://www.bestbettingsites.com/countries/belgium/) , all sorts of derivatives). For all the above Americans are limited in their choices or prohibited to participate, altogether. PS : I am not claiming any of the above are recommended investment or trading vehicles.
Really? I think crafting out a living in trading in HK or Singapore or for that matter in many other nations is way easier than in the US. Starting with taxes alone. Not only is the imposed tax rate (particularly short term holdings for speculative purposes) in the US exorbitantly high compared to many other nations but incredibly complicated, too. Then banking. Can you name me another developed nation that is as behind as the US when it comes to banking services? What happened to that great nation? Pay by cheque. Slow and cumbersome online money transfers. This whole ridiculous credit rating system (not saying the existence is dumb but how it's done is definitely retarded, rewarding those who use credit and penalizing those who don't, expats who need to do away with 200 dollar capped cards or secured cards in the beginning for lack of credit, and many other stories). Lack of P2P payment systems. Not all but most those issues are related to investments as well. I find that incredibly limiting.
There have been many boiler room scams this is just the latest-suckering in the greedy and stupid-though the advertising is very slick
Indeed. Even when they're supposedly licensed they're still dangerous and dishonest: The US Securities and Exchange Commission (SEC) said on Thursday it has charged Israel-based binary options and forex broker EZTD Inc. with misleading investors and has ordered it to pay more than $1.7 million. The broker has lured investors into trading binary options over the Internet without disclosing them the associated risks.