I am in search of a broker that falls within the following guidelines:
- Allows US Citizens
- Has a decent reputation
- $400 minimum deposit or lower
- Allows micro lots (.01 lots) or lower
- Has Leverage of 50:1 or greater (EDITED from 100:1 - found out that US citizens are unable to attain > 50:1 leverage)
- Has reasonably low spreads on Monday Market Open in Sydney (2100 GMT)
The only broker I’ve looked at so far that follows these guidelines is Oanda. The problem is #5/#6, as Oanda’s spreads for most pairs ranges from 5-15 pips at this time and their leverage is only 50:1. I’m not positive, but I think there are other brokers out there that give you better spreads at this time and I know some brokers provide more leverage.
Thanks in advance for anyone that can point me in the right direction!