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The local fees are high - any trades that are undertaken are put in writing, to date I have been able to force the broker to repurchase shares that he sold without a buy order at no cost to me (they increased 25% and I was discussing the exchange rate with him if I did sell and he sold without written approval which was part of the agreement) AND the local broker is prepared to extend the credit funds due to you to reinvest. Exchanges of currency and balancing the books is undertaken every month and they indemnify for exchange rate movements.
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