I know plenty of forex brokers and most of them don't accept US-based trader? What make US trader different than other regions? If US trader trading with them, what are the problems? Did google but not too much information.
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DislikedSo does this mean that I can rely on US brokers fully? Oanda for instance?Ignored
Disliked{quote} Their regulation is pretty tight yes, but since you're not US based it doesn't make much sense to pick a US based broker. The EU based or especially the UK brokers have a much better offer. Deposit protection fund (50k GBP in UK) and no stupid FIFO rule comes to mind.Ignored
Disliked{quote} Thanks a lot for the answer! What do you think about brokers based in Asia, as I know Indonesian brokers don't have any regulation bur they have quite a big part of the market (FBS for instance)?Ignored
Disliked{quote} Thanks a lot for the answer! What do you think about brokers based in Asia, as I know Indonesian brokers don't have any regulation bur they have quite a big part of the market (FBS for instance)?Ignored
DislikedI still see some offshore brokers accept U.S traders. How do they do it?Ignored
Disliked{quote} They choose not to comply with US laws and feel they are outside the reach of enforcement, legally that is. A legit, honest FX broker in China that accepted US clients would make a killing because they are mostly beyond the enforceable reach of US regulators.... Same thing happening in these small island all over the place, but not so legit and honest...Ignored
DislikedWhen I first see most broker don't accept U.S trader, I get chill out and think , money of US trader is something invulnerable. Since I believe most trader would lose their money for brokerIgnored