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  • Tallinex (tallinex.com) official forum thread

    Greetings. This is the official forum thread for Tallinex (tallinex.com). We are a MetaTrader4 Forex broker from Estonia offering some of the most competitive trading conditions on the market along with our unique professionally managed accounts at http://www.tallinex.com/mm-details where we award a 100% equity credit bonus on all deposits up to $50,000.

    We will be happy to answer any questions and address any suggestions you might have.

  • #2
    My concern is safety of funds and what happens if you go out of business. Also, what if the United States tries to play hardball with you. Long distance phone calls to Estonia are not cheap either.

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    • #3
      Originally posted by iqofgenius View Post
      My concern is safety of funds and what happens if you go out of business. Also, what if the United States tries to play hardball with you. Long distance phone calls to Estonia are not cheap either.
      Your funds with Tallinex are as safe as anywhere else - probably more so!

      All client funds are held in segregated "off balance sheet" accounts at Swedbank - the largest and most conservative regional bank so, even if Tallinex did "go out of business" as you put it, the funds would be completely safe and untouched.

      In addition, you'll find that the most prominent cases of clients losing their deposits were all related to large, famous US brokerages (Refco, PFGBest and MF Global) who were under supposedly extensive regulation and monitoring by the NFA, CFTC and SEC.

      You can read about them here:
      http://en.wikipedia.org/wiki/Refco
      http://en.wikipedia.org/wiki/Peregrine_Financial_Group
      http://en.wikipedia.org/wiki/MF_Global

      As you'll see from the links above, US "regulation" provides clients with none of the protection that they think it does and, in the case of US resident, does nothing more than restrict the facilities available to them.

      In terms of the US "playing hardball with us"... Tallinex complies fully with all applicable laws of Estonia and, since Estonia is not a US overseas territory, the US has no recourse. Should the US government make a formal request to the Estonian government, and they decide to oblige by instructing Estonian brokers not to allow US residents, then that instruction will be complied with. Until such time though, US clients are welcome.

      I hope that clears up the issue for you.

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      • #4
        Dear Tallinex,
        I appreciate your reply and I agree with your findings on US brokerages. Would I be able to deposit and withdraw from Swedbank or even carry a Swedbank "ATM" card. I guess I do not fully understand what my relationship would be with them. I do find it interesting that the U S government can actually demand that a foreign government comply with U S banking laws.

        Comment

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