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Broker no longer accepting US traders?

  • #1
  • First Post: Jan 12, 2010 9:34pm Jan 12, 2010 9:34pm
Does any one, any where, know why FXPro.com suddenly stopped servicing Americans? They are not the only Brokerage to effect this sudden change. FxPro.com will not say-in fact-no one seems to know. Why the sudden prejudice against Americans only? Did our government piss off EVERYONE?
FF = Forex Faggots
  • #2
  • Jan 12, 2010 11:02pm Jan 12, 2010 11:02pm
Quoting 8fingers
Does any one, any where, know why FXPro.com suddenly stopped servicing Americans? They are not the only Brokerage to effect this sudden change. FxPro.com will not say-in fact-no one seems to know. Why the sudden prejudice against Americans only? Did our government piss off EVERYONE?
As far as I've been told, its because of the amount of legislation and paperwork they now have to go through just to be able to market to Americans they don't feel is worth it.
  • #3
  • Jan 13, 2010 12:08am Jan 13, 2010 12:08am
I was able to keep my account thankfully. It took a bit of work but I am relieved with the outcome.
The trend always ends.
  • #4
  • Jan 13, 2010 12:29am Jan 13, 2010 12:29am
Quoting 8fingers
Does any one, any where, know why FXPro.com suddenly stopped servicing Americans? They are not the only Brokerage to effect this sudden change. FxPro.com will not say-in fact-no one seems to know. Why the sudden prejudice against Americans only? Did our government piss off EVERYONE?
Do you miss them FXPro? Is there something that they offer which is better than other brokers? I suppose you are fleeing the low leverage NFA brokers to somewhere with higher leverage. There are a lot of advantages for living outside the USA meaning that you are less regulated and can trade with high leverage, trade CFD's etc etc

P.S: Anyone with 8 fingers should be allowed to trade anywhere he wants and be exempt from any regulations
  • #5
  • Jan 13, 2010 12:35am Jan 13, 2010 12:35am
Quoting PipStar
Do you miss them FXPro? Is there something that they offer which is better than other brokers? I suppose you are fleeing the low leverage NFA brokers to somewhere with higher leverage. There are a lot of advantages for living outside the USA meaning that you are less regulated and can trade with high leverage, trade CFD's etc etc

P.S: Anyone with 8 fingers should be allowed to trade anywhere he wants and be exempt from any regulations
They have decent spreads, execution, and excellent support.
The trend always ends.
  • #6
  • Jan 13, 2010 12:56am Jan 13, 2010 12:56am
Quoting Shamus
They have decent spreads, execution, and excellent support.
Agree. I was just being sarcastic to my friend Ernest above.

The only thing I didn't like about FXpro is the withdrawal process with the extra paperwork to prove who you are again. That was a year ago but I was thinking of giving them another go very soon.
  • #7
  • Last Post: Jan 13, 2010 12:46pm Jan 13, 2010 12:46pm
LOL- I used have 11 fingers-OMG what a gene pool! Oh yea-3 eyelids too! lol. Pipstar has your trading going? FxPro.com was my main Broker up until this past december(when they politely asked me to leave). They do have a ridiculous withdrawal ordeal though. BTW-good natured fun and ribbing are always welcomed Pipstar. Especially here! Lots of pips to all and be safe -enjoy.
FF = Forex Faggots
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