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About Forex IRA Accounts
Self-directed IRA accounts are among some of the most popular ways to trade with an IRA. At BBFX we've had the experience of working with hundreds of clients, consulting to setup their IRA, opening forex IRA accounts, and transferring existing IRAs to any of our 15+ MT4 brokers.
Are you looking to rollover a self-directed IRA, or trade your trust account in the Forex market? Let BBFX assist you with everything. Our experienced staff will help you choose the right broker, find the correct custodian, and simplify the rollover process for you.
Why Use a Self-Directed IRA
- No pattern day trader rules in Forex
- Trade your funds the way you want
- Low minium initial deposits
- Get paid to trade with BBFX rebate program
- Free* VPS options
- Wire fee reimbursements
- Almost all brokers accept IRA accounts
- Roth IRA gains are tax-free
- Use expert advisors on your IRA account
- Contact Us for any related questions
Roth IRA vs. Traditional IRA Accounts
| Category |
Roth IRA
|
Traditional IRA
|
| Tax-Free Withdrawals |
 |
 |
| Min. Withdrawal Age |
59.5
|
59.5
|
| BBFX Rebate Program Eligible |
|
|
| Income-Based Eligibility |
|
|
| Min. Required Distributions |
|
|
About Custodian Companies
A self-directed IRA is an IRA held by a trustee or custodian that permits investment in a broader set of assets than is permitted by most IRA custodians. Most IRA custodians are banks and broker-dealers that limit the holdings in IRA accounts to firm-approved stocks, bonds, mutual funds and CDs. While self-directed IRAs may offer investors access to an array of private investment opportunities that are not available through other IRA providers, investments in these kinds of assets may have unique risks that investors should consider. Those risks can include a lack of disclosure and liquidity – as well as the risk of fraud (please read the full disclaimer below).
With years of experience in the FX industry we have dealt with thousands of IRA and Trust accounts. When you open a Self-directed Forex account with BBFX our experienced staff will help you navigate the all of the confusion, clarify any questions about risks and expedite the process for you.
Our partnered US brokers are all NFA regulated and we only work with responsible custodial companies such as:
- Advanta Trust
- Equity Trust
- Millennium Trust
- Plus More
Benefits of IRA Investing
- All earnings grow tax free: No capital gains taxes assessed for assets held within an IRA account
- Tax deductions for contributions: Most IRA accounts give the ability to write-off contributions as a tax deduction.
- Example: An individual in the 25% income tax bracket contributes $5,000 to their IRA, they will save $1,250 in income taxes.
- Roth IRA may never be taxed: With a Roth IRA you do not write off contributions going into the account, however, you are not taxed on the funds when you take qualifid distributions.
Types of IRA Accounts
Any type of IRA can be self-directed to invest in forex including:
- Traditional IRAs
- Roth IRAs
- Simple IRAs
- SEP Iras
In addition, qualified retirement plans such as a 401(k), 403(b), 457(b), may be rolled into a self-directed IRA for investments in Forex.
Important Disclaimer
BBFX is neither advising nor recommending clients to trade their retirement funds within the Forex market. BBFX is simply offering educated clients with a vehicle to trade their retirement funds within such a market after first considering the high level of risk involved. As always, BBFX advises clients trading within the Forex market to not invest money that they cannot afford to lose and as such, investing retirement funds may not be suitable for many investors. BBFX recommends that any client, especially those considering investing retirement funds, consult with their investment counselor, attorney or accountant as to the appropriateness of such an investment. Trading futures and foreign exchange (Forex) on margin is a challenging opportunity which carries a very high level of risk. The leveraged nature of Forex trading can result in market fluctuations that work against you as well as for you and as a result you may lose more than your initial investment and may be required to pay additional funds. Therefore, before deciding to participate you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose. Consulting with your investment counselor, attorney or accountant as to the appropriateness of an investment in margin trading and leverage transaction products is recommended. BBFX is a member of the National Futures Association (NFA) and is a registered Introducing Broker with the Commodity Futures Trading Commission (CFTC).