On the DD model used for Mini accounts, we will face market risk as a result of entering into trades with clients. Because of this risk, FXCM needs to implement certain restrictions during news events.^ Exactly my point. FXCM (DD), Forex.com, and ...

Need US broker for a large account

Couldn't agree more as far as traders blaming everything but themselves. However, the reality is, the choice of brokers in the US is nothing short of comical. I wouldn't trade with a US broker even if they reversed all of the recent "regulations". ...

Need US broker for a large account

The options are forex.com, FXCM and OANDA. All are counter party to your trades. Therefore, they will slip you, spike prices, freeze platforms , whatever they can to make you lose. If you can navigate through all this and become profitable, I have ...

Need US broker for a large account

As I explained in an earlier post, simply trade offshore. I have done so for over 3 years, tested several brokers and been exclusively with one for 18 months. Sure, they are not regulated, but the US regulations do absolutely nothing to protect the ...

SEC bans Broker-Dealers from retail forex transactions

According to the report, it will not change anything, except bring them new business from the likes of Interactive Brokers, TD Ameritrade, etc. The speculation is it's just the first step and the NFA and CFTC will follow suit and completely ...

SEC bans Broker-Dealers from retail forex transactions

So glad I've been trading offshore for 3 years. Did all the broker research, I have better spreads, execution and commission than anywhere in the US anyway. All 3 big brokers trade against you, hunt stops, freeze platforms, don't want to pay when ...

SEC bans Broker-Dealers from retail forex transactions

Who are you trading with that has a 7 pip spread? Mine is 1.8 + 0.8 commission. Total 2.6. This pair and GBPAUD are my money makers.

EUR/AUD

I agree, UK is the way to go. Which brings me to the point if US regulators were really concerned about US traders, they would allow us to trade with UK brokers. They don't. Why? Back to my original point...they do not want spot forex to exist in ...

Best Broker?

That hits it right on point. Leverage has nothing to do with risk. I can risk 2%, 3%, 10%, whatever with a 10 pip stop or a 1000 pip stop. The tighter the stop, the greater the leverage I can afford. Use a tight stop, Run the trade into profit, move ...

Best Broker?

The funny thing is, even if brokers in the US wanted to provide segregated accounts, the CFTC will not allow them to. The regulation in the US has one purpose.....to completely eliminated spot forex so that everyone will move back to futures. That's ...

Best Broker?

Wish I had that choice in the US. It's either crooked regulated broker with no protection of funds or trustworthy unregulated broker with no protection of funds. As a US resident, to me it's a no brainer as I only need 10% of the money on deposit ...

Best Broker?

What everyone here seems to be missing is US residents do not have a choice. You can either trade with: a. the crooks regulated by the CFTC in the US. Ironically, for what is touted as the toughest regulation in the world, the brokers seem to do ...

Best Broker?