(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
GCI Brokers (GCI) provides trading solutions sophisticated enough for professional traders, yet simple enough for the Forex novice. GCI offers direct access to multiple destinations of liquidity in the Forex markets without the usual burden of intervention by a dealing desk. Coverage of post-market trading including futures information for the S&P, Nasdaq and NYSE. 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: 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. CGI FX have Intermediary Agreements in place with preferred Authorized dealers to utilize their Treasury Back Office structure & processes to facilitate FOREIGN EXCHANGE related transactions. CGI has registered with the Financial Services Board under the current Financial Advisory and Intermediary Services Act, 2002 (“FAIS”) so that you ...
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