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Offshore Forex for US Residents

  • Post #1
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  • First Post: Edited Oct 7, 2010 12:13am Oct 6, 2010 11:52pm | Edited Oct 7, 2010 12:13am
  •  pinoyboy
  • | Joined Apr 2010 | Status: forexmagnate.wordpress.co m | 209 Posts
Concerns on the new regulations required me to find an alternative solution for one account. Here are some findings so far.

NOTE: I prefer not to add brokers based in some Asian country, Russia, Cyprus, Middle East, and other countries not listed below - strictly a preference.

Thanks to Clint and others from BP:

Here's the list as it currently stands of brokers which accepts US Residents.

U.K. brokers

Finotec

HY Markets

One Financial

Swiss brokers

ACM

Dukascopy

MIG Bank

Tadawul FX(has Cyprus presence - maybe disqualified for me)

German broker

Forex Web Trader (has Cyprus presence - maybe disqualified for me)

Danish broker

Saxo Bank

Australian brokers

GO Markets - not accepting any longer per cica515

IG Markets

New Zealand broker

WSD

Now my question is, which is the one to go with on 25-50K per month returns?
  • Post #2
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  • Edited Oct 7, 2010 2:39am Oct 6, 2010 11:54pm | Edited Oct 7, 2010 2:39am
  •  cica515
  • | Joined Jun 2010 | Status: Member | 36 Posts
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 UK brokers Finotec and HY Markets no longer list United States as an available country in their account opening forms.
 
 
  • Post #3
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  • Last Post: Oct 7, 2010 8:21am Oct 7, 2010 8:21am
  •  forextrader9
  • | Joined Jan 2008 | Status: Member | 76 Posts
DBFX accepts US clients. I figured out the big banks or SEC delares accept US clients and they are not governed by CFTC. Even citi fxpro is not governed by CFTC but they have a leverage of 50:1 for a long time voluntarily.

DBFX still has 100:1. What other big banks/SEC dealers accept retail forex clients?
 
 
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