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Fed up with NFA rules...need offshore recommendation

  • Post #1
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  • First Post: Oct 22, 2009 11:56am Oct 22, 2009 11:56am
  •  SeaPip
  • | Joined Jan 2008 | Status: Member | 316 Posts
I am so fed up with the NFA and this Obama administration. They want to drive $$$ out of the U.S. So I will do as they wish. I am looking to move my account to oversea and looking for an ECN. Can you recommend 1 that allow low spread/commission that are reputable? I was about to switch to MB Trading because of their low spread but notice they are NFA registered so I decided not to. I see FxPro ad on here alot and did some research look like they have slippage and withdrawal problems. Any of you experience with them? How about Dukascopy or Interactive Broker? Are these good.
  • Post #2
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  • Oct 22, 2009 12:14pm Oct 22, 2009 12:14pm
  •  piptalk
  • Joined Nov 2008 | Status: Member | 766 Posts
Fxpro doesnt allow US citizens with a US address to open an acct,,,To bad,,,I like the there platform and executions,,,,Time to move overseas! LOL
 
 
  • Post #3
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  • Oct 22, 2009 2:03pm Oct 22, 2009 2:03pm
  •  magnumfreak
  • Joined Nov 2007 | Status: Trying manual mode again | 2,210 Posts
Interactive Brokers is U.S.

Saxo bank has good liquidity, fast execution and decent spreads.
Sonray Capital (Australian company)uses Saxo's liquidity so it is just like Saxo but Aussie based instead. I have personally traded over 100 standard lots with them and had instant execution. Clients money not mine.

I have an account with Dukascopy and I have not had any issues. I have heard of some people running into issues with fills but it has not shown up in my account.
 
 
  • Post #4
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  • Last Post: Oct 22, 2009 8:07pm Oct 22, 2009 8:07pm
  •  SeaPip
  • | Joined Jan 2008 | Status: Member | 316 Posts
Thanks Magnumfreak. I heard good things about Saxo bank too, will look into it.

Quoting magnumfreak
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Interactive Brokers is U.S.

Saxo bank has good liquidity, fast execution and decent spreads.
Sonray Capital (Australian company)uses Saxo's liquidity so it is just like Saxo but Aussie based instead. I have personally traded over 100 standard lots with them and had instant execution. Clients money not mine.

I have an account with Dukascopy and I have not had any issues. I have heard of some people running into issues with fills but it has not shown up in my account.
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