Sep 26, 2016 - 08:59 AM
TDM Holdings inc is registered and regulated as a financial service provider with the FSA in St Vincent. TDMarkets LTD is registered in many locations but the regulation falls under the holding company TDM Holdings inc. The reason for this is simple. Favourable Tax laws in St Vincent means that all profits from TDMarkets LTD get taxed at favourable rates in St Vincent under TDM Holdings, and not in the country where the TDMarkets branch acquired the profits.Some brokers jump through hoops to get regulated by more than one regulatory body in an attempt to appear to be honest and legit. The funny thing is that these brokers are usually the most corrupt of them all.
Interesting fact: Did you know that regulators around the world including the FSB have no problem with brokers being market makers and trading against their clients as long as these market makers pay their annual Fee to the regulatory body.