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Good Forex broker for USA?

  • #1
  • First Post: Oct 24, 2024 11:35am Oct 24, 2024 11:35am
My Friends lives in USA which is Good Forex broker for him ? plz tell me ?
He will USE high leverage ?
HE will use Grid Trading /Layering Strategy
He Will Use EA ..
  • #2
  • Oct 24, 2024 3:31pm Oct 24, 2024 3:31pm
Quoting lostup
My Friends lives in USA which is Good Forex broker for him ? plz tell me ? He will USE high leverage ? HE will use Grid Trading /Layering Strategy He Will Use EA ..
And he will use friends to ask stupid questions,

But does he will use Google?

It takes a lot for me to IGNORE you, but you can try.
  • #3
  • Oct 25, 2024 4:14am Oct 25, 2024 4:14am
Quoting lostup
He will USE high leverage ? HE will use Grid Trading /Layering Strategy He Will Use EA ..
Then it doesn’t matter where he trades: he can’t possibly become profitable (and his meaningful trading education can’t even start) until after he’s changed his mind about those three things. But some people only ever learn the hard (and slow) way.
  • #4
  • Oct 25, 2024 5:52am Oct 25, 2024 5:52am
didnt get the answer yet of my question
  • #5
  • Oct 25, 2024 6:01am Oct 25, 2024 6:01am
Quoting lostup
didnt get the answer yet of my question
There isn’t one.

"High leverage" and "good broker" are mutually exclusive.

A broker offering high leverage is (by definition) one that’s chosen not to be properly regulated, so it can't possibly be "good".

It really IS as simple as that.
  • #6
  • Oct 25, 2024 7:42am Oct 25, 2024 7:42am
Quoting lostup
My Friends lives in USA which is Good Forex broker for him ? plz tell me ? He will USE high leverage ? HE will use Grid Trading /Layering Strategy He Will Use EA ..
all brokers in usa can only offer 50:1 leverge
OANDA.com
forex.com
schwab.com/forex
ally.com
  • #7
  • Oct 25, 2024 11:38am Oct 25, 2024 11:38am
Quoting lostup
didnt get the answer yet of my question
This thread will help you if you read it carefully enough.
  • #8
  • Oct 25, 2024 1:46pm Oct 25, 2024 1:46pm
Quoting lostup
My Friends lives in USA which is Good Forex broker for him ? plz tell me ? He will USE high leverage ? HE will use Grid Trading /Layering Strategy He Will Use EA ..
Think about it, if he has never traded before, it really is up to him to find this out by himself.

The first filter is easy, open demo accounts with brokers that actually accept USA clients.

The second stage is for him to evaluate those options, while learning to trade, and possibly trade profitably.

The question is short on specifics and open to speculation as seen by the replies so far in this thread.

For instance, if he already knows about Metatrader and how to use it, he will have an idea about brokers by now.

Forex is not something that is conducive to hand feeding, question by question, unless you read every post here, I guess.

You got to get into and Get 'Er Done, take charge and go for it.

Good Luck.
It takes a lot for me to IGNORE you, but you can try.
  • #9
  • Oct 25, 2024 3:42pm Oct 25, 2024 3:42pm
Guyz i am asking for Good forex broker for US trader
with high leverage ?
which let u open maximum number of trader at a time
  • #10
  • Oct 26, 2024 3:18am Oct 26, 2024 3:18am
Quoting lostup
My Friends lives in USA which is Good Forex broker for him ? plz tell me ? He will USE high leverage ? HE will use Grid Trading /Layering Strategy He Will Use EA ..
Most brokers prohibit U.S. residents from trading due to regulatory specifics, tax deferral, and other nuances that make compliance with American laws very challenging. It’s simpler and cheaper to forgo clients from the U.S. Thus, one workaround could be trading from the account of a relative or friend located outside the U.S. In this case, examples of reliable brokers are HFM, Tickmill and other well-presented brokers here on forum
  • #11
  • Oct 26, 2024 3:29am Oct 26, 2024 3:29am
Quoting lostup
Guyz i am asking for Good forex broker for US trader with high leverage ?

And everyone is trying to explain to you why there’s no such thing, and that by definition there can't be.

But unfortunately, you’re not listening to the answers.

It’s as if you’re asking how to make 2+2 add up to 5, and when everyone explains why you can’t do that, you just say "But nobody’s answering my question," sublimely unaware that it’s the wrong question because it’s based on a mistaken and misunderstood premise (i.e. that such a thing could possibly exist).
  • #12
  • Jan 6, 2025 3:40am Jan 6, 2025 3:40am
i do trade mainly with hfm, you might want to look at lmfx, they used to offer services to US traders, but one need to double check they might not allow it anymore.
  • #13
  • Jan 6, 2025 4:06am Jan 6, 2025 4:06am
I'm not allowed to post a new thread, so I am posting here. Please suggest another option if you can and then I will delete this reply which IMO doesn't belong here.

My "broker", FMI, https://fmimarkets.com/, isn't approving of my withdrawal request, which is now about 1.3 weeks old. So, he apparently just stole a bunch of money. Since this is the wrong place to discuss, I won't get into the details here, but I would appreciate any advice about a forum where I am allowed to seek help and/or warn others.
  • #14
  • Mar 18, 2025 7:48am Mar 18, 2025 7:48am
I take it back, they seem to stop catering to US based traders. man its tough trying to trade of shore for people there.
  • #15
  • Mar 19, 2025 4:41am Mar 19, 2025 4:41am
Quoting jiggz
man its tough trying to trade of shore for people there.

It is, but the ones who want to trade offshore are all going to be losers anyway, wherever they trade, because they want high leverage and don’t understand (and typically won’t learn) that they can actually combine high leverage and good regulation that protects them simply by trading futures instead.

Those offshore, high-leverage, unregulated CFD “brokers” don’t need to worry about paying out US winners, and they don’t.
  • #16
  • Mar 19, 2025 5:11am Mar 19, 2025 5:11am
Quoting Quickly
{quote} It is, but the ones who want to trade offshore are all going to be losers anyway, wherever they trade, because they want high leverage and don’t understand (and typically won’t learn) that they can actually combine high leverage and good regulation that protects them simply by trading futures instead. Those offshore, high-leverage, unregulated CFD “brokers” don’t need to worry about paying out US winners, and they don’t.
I trade futures as well as currency cfd’s ( I’m Australian based ). Unfortunately, not possible to trade outright crosses with currency futures.
  • #17
  • Mar 20, 2025 11:51am Mar 20, 2025 11:51am
Can anyone suggest a good offshore forex broker please? I am planning to switch from my current one. I did open an account with Market101 and their spreads are also nice but i have been looking for honest feedback.
  • #18
  • Apr 2, 2025 1:59am Apr 2, 2025 1:59am
and offshore broker for forex trading? crypto? off shore like that offers services for US based traders? if i stumble on any good ones will sure do so. as long as they regulated, its pretty hard trusting new brokers now a days.

on a positive note, lmfx just launched they own token LMGX and i have a feeling more brokers would be doing they same, atleast ones that have their own crypto exchange. will grab me some and keep to see how it goes.
  • #19
  • Apr 2, 2025 5:48am Apr 2, 2025 5:48am
Quoting jiggz
if i stumble on any good ones will sure do so. as long as they regulated

There's "regulated" and 'regulated,' lol.

Those offshore ones are the ones who have chosen to use pretend regulators who just collect an annual subscription-fee from them but will never rule against them or protect their customers in the event of a dispute.

And typically there are plenty of disputes, predictably enough, when customers use brokers who have made that decision.

Not many folk would send their money to an unregulated bank on a Pacific or Caribbean island. They'd know that "financial institutions" choosing to avoid effective regulation want to protect only themselves, rather than their customers. But sadly, when they’re opening an account with a forex broker instead, their common sense often disappears.

If people used only trading accounts regulated in North America, UK, Switzerland, the European Union or Australia, almost all the discussions about “unfortunate broker problems” that fill trading forums simply wouldn't arise.
Victoria Chenevix
  • #20
  • Last Post: Apr 11, 2025 6:38pm Apr 11, 2025 6:38pm
For high leverage, grid trading, and EAs in the USA, recommend OANDA or IG Markets—both support algorithmic trading. For offshore options with higher leverage, Pepperstone (via CFDs) could work. Always verify NFA/CFTC compliance.
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