As already mentioned in other FF forum threads, the Frank-Dodd law does indeed have a provision that will prohibit foreign banks from being FX counterparties, effective in July of 2011. From now until July of 2011, US citizens are free to use ...

Based on that statement "bound by these restrictions imposed by the CFTC", looks like I'll close my last GoMarkets trade by Friday 10/15, sigh.

GoMarkets is currently not accepting new applications from US residents. Also, TadawulFX is now registered in Cyprus, it appears. IG Markets is based in Chicago, USA and is registered with CFTC, so US CFTC rules apply to IG Markets US clients. The ...

Also check out NAB's website at url

In fact, I'd probably be a bit wary of those offshore non-bank brokers who continue to gladly accept US clients, ignoring US law...they'd make me wonder if they are reputable/legit in their business practices.

GoMarkets just made the decision to not accept any new account applications from U.S. clients for the time being. See my post at url

The following statement is now on GoMarket's account opening website at url "Due to the new CFTC regulations we are currently in discussions with our lawyers in Australia and the US with regards to how to proceed with new US applications. In the ...

That settles it for me, I'm moving back to US brokers by October 19th. Doesn't mean I'm happy about this, though.

GoMarkets of Australia accepts deposits in USD, AUD, DBP, EUR and NZD (and they remain in that denomination). My GoMarkets account is in USD, and I'll be withdrawing in USD when I close my account. MIG Bank of Switzerland has this FAQ statement: ...

GoMarkets posted a later update at url So we have to wait for GoMarkets to complete its legal review and they'll then let us know of their final decision.

I have a FXCM UK account tied into ATC Brokers, and that will be switched over to FXCM US by October 18th. The only thing that will change in the ATC Brokers MT4 is the new 1:50 leverage.

Yeah, the article that ForexLawman posted, seemed to be ambigious about non-bank offshore brokers like GoMarkets. Can we still trade with such brokers until July 2011?

I just read this article, I am still unclear from the article about offshore brokers--are we allowed to trade with offshore non-bank brokers like GoMarkets until July 2011?

A perspective on the practicality of incorporating as LLCs for FX trading purposes: http://www.greencompany.com/blog/index.php?postid=95

Actually, it appears Go Markets has now became cautious about CFTC. See url

Yeah, US traders can still use foreign banks as FX counterparties, but only until July of 2011. That's when the Frank Dodd law will make foreign banks ineligible to be counterparties for US traders (based on a CFTC letter posted somewhere in these ...

I'd like to confirm that the following exotic currency pairs will be available on FXCM US Standard (10K) accounts? The reason I ask is, I just got a FXCM US demo account, and the exoctic pairs appear not to be available at least on the demo account. ...

I'm not so sure about the same copy of FXTS2 being able to connect to both standard and micro accounts. I originally had a FXCM US micro account and used the "FXCM Micro Trading Station for Windows" for that. When I upgraded to a FXCM UK standard ...

For those of us who have FXCM UK accounts that will convert to FXCM US accounts by October 18th, will we need to (1) uninstall the FXCM UK version of Trading Station and (2) download/install the FXCM US version of Trading Station? I assume this ...

In the case of FXDD, they do have a US affiliate (FXDD US), so FXDD Malta would not be an option for US traders...