FXPro.com gives the USA the boot! | Page 2 | Forex Factory

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FXPro.com gives the USA the boot!

  • #21
  • Oct 23, 2009 7:03am Oct 23, 2009 7:03am
Quoting FXmobster
well, you guys were right, they just confirmed what you had posted below. I cannot believe they didn't tell me this before I funded the account. This is unreal. I just tried placing a trade with them and it took at least 10 seconds to get confirmation that the trade was successfully executed. Anyone else have this issue with them? Maybe it is because the servers are so far away???? I am now on the lookout AGAIN for another broker who offers at least 400:1 leverage and takes U.S. clients.
let us know if you find any ... I'm in the same position
  • #22
  • Last Post: Sep 2, 2013 6:55pm Sep 2, 2013 6:55pm
you guys are missing the most important part! notice how they keep saying "us clients residing in the US"... There is a loop hole, although they are not going to advertise it, that allows ex-patriate us citizens living outside the US to open an account. All you have to provide is evidence that you (as a US citizen) are living outside the United States. That's it! and you can have an account with them.

I have a friend (US citizen) who swears that he needs hedging and can't live without it, so he uses offshore brokers. He found this loophole in his due diligence.

If you are a US citizen and want an account with FxPro, you need to provide a phone bill or anything at all that demonstrates you are living outside the United States. And it will be no problem getting an account. This loophole applies to other offshore brokers as well. You can be a US citizen; you just can't be living in the United States as a US citizen.

hope this helps.
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