Memorandum countries, who have the courage to defy the over-reaching U.S. regulatory authorities, and welcome U.S. residents as clients, and to consider client relationships with them. And under the current law, the CFTC has no authority over individual traders who trade through foreign brokers that are beyond the reach of U.S regulation. The U.S. government claims the authority, through the IRS, to require U.S. residents to report foreign accounts which people hold, bank accounts, brokerage accounts, etc, which has been automatically reported under FATCA (Foreign Account Tax Compliance Act) started in July ’14. But, they cannot yet prevent US citizens from having those accounts.” From another perspective, the non-US Forex brokers who are affected by the Dodd-Frank act are those that are regulated in their own countries. Means, the brokers in the countries where Forex itself is not regulated such as Finland can accept US citizens without being bothered by Dodd-Frank act (remember the Act affects the brokerage but not you as an individual, as long as you report what is required to IRS, you are not subject to be punished).