Americans- What Brokers can we use? | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

Can interactive brokers accounts use mt4? 4 replies

Anybody use Bollinger Bands that use fibonacci ratios?? 15 replies

forex tip - Don't use a fixed stoploss brokers can target 23 replies

Did you know Australian CFD & FX brokers can use your money? 7 replies

Can Americans living abroad open accounts with non-US brokers? 11 replies

Americans- What Brokers can we use?

  • #1
  • First Post: Edited 1:09pm Oct 13, 2010 11:49am | Edited 1:09pm
I would like to make a list of the Brokers that US citizens can still use.

So far:

ATC Brokers
Alpari US
FXCM
MB Trading
GallantFx
Interactive Brokers
PBG Best
Forex.com-gain capital
Dukascopy
IBFX
FXDD
FastBrokers
CollectiveFx- For most Feeds
Please add!

---------------No bucket Shops please-------------
  • #2
  • Oct 13, 2010 12:12pm Oct 13, 2010 12:12pm
Quoting Ipndasno
I would like to make a list of the Brokers that US citizens can still use.

So far:

ATC Brokers
Alpari US
FXCM
MB Trading
GallantFx
Interactive Brokers
PBG Best
Forex.com-gain capital
Dukascopy
IBFX
Please add!

---------------No bucket Shops please-------------
Americans can use all brokers.

The question is with what leverage???
  • #3
  • Oct 13, 2010 12:52pm Oct 13, 2010 12:52pm
There are many brokers that will not accept US citizens because of the New CFTC regulations. Instead of listing all the brokers that no longer accept US citizens, i felt that we needed a thread for a list of brokers that will accept us.

This isn't about leverage limits, trading restrictions, etc. yeah we're getting " regulated" whether we like it or not. We can either use some Bucket Shop broker with requotes and High Fixed spreads, Or we can bind over and use US based regulated and financially sound Broker. It's not much of an option in my eyes.

If I missed any brokers. please list them.

FXDD
  • #4
  • Oct 13, 2010 12:55pm Oct 13, 2010 12:55pm
Quoting Ipndasno
There are many brokers that will not accept US citizens because of the New CFTC regulations. Instead of listing all the brokers that no longer accept US citizens, i felt that we needed a thread for a list of brokers that will accept us.

This isn't about leverage limits, trading restrictions, etc. yeah we're getting " regulated" whether we like it or not. We can either use some Bucket Shop broker with requotes and High Fixed spreads, Or we can bind over and use US based regulated and financially sound Broker. It's not much of an option in my...
Low leverage is equal to no trading in my view unless you have a capital in 6 figures
  • #5
  • Oct 13, 2010 12:57pm Oct 13, 2010 12:57pm
I was just on CollectiveFx website.

they are still in business. Good news
  • #6
  • Oct 13, 2010 9:41pm Oct 13, 2010 9:41pm
I think IG Markets is still open, except I don't plan on using them anymore because they don't have MT4 platform and they no longer allow you to hedge, I don't think.

Oh, I think almost all US brokers will remain open, that I'm aware of, except now we have to deal with the CFTC.
  • #7
  • Oct 14, 2010 3:03pm Oct 14, 2010 3:03pm
Forex Club (Fxclub US) also open
  • #8
  • Oct 15, 2010 12:11pm Oct 15, 2010 12:11pm
I was luckily enough to open an account at Vantagefx. Well idk how lucky,but they might work for a comparable replacement to Go.

Fxclub reduced their spreads. but their Rumus platform requires $10k and the other platforms are ....
  • #9
  • Oct 15, 2010 12:36pm Oct 15, 2010 12:36pm
do some one knows about FOREX.com ?
Ever try it, I'm a scalper, any advices please ?
  • #10
  • Oct 15, 2010 12:40pm Oct 15, 2010 12:40pm
I pasted this copy from the Yahoo group MTE&I:

The members of another forum have compiled the following list of Forex Brokers in other parts of the globe who are continuing to accept US clients and offer a minimum of 100:1 leverage. We are providing this list to help traders who are interested
in pursuing accounts with brokers who offer greater than 1:50
leverage. We have not vetted this list and do not endorse any particular
broker. It's offered as a starting point for further research.
Brokerages that Will Accept US Citizens
AAAFX
Arab Financial Brokers
Broco
Dukascopy
E-global
FBS
Forex4You
FOREX MMCIS
FXCBS
FXOpen
GotMoneyFX
Instaforex
Marketiva
RVMarkets
Tadawul
Windsor Direct
BarrySDCA Commercial Network Services
  • #11
  • Oct 15, 2010 12:58pm Oct 15, 2010 12:58pm
Quoting BarrySDCA
I pasted this copy from the Yahoo group MTE&I:

The members of another forum have compiled the following list of Forex Brokers in other parts of the globe who are continuing to accept US clients and offer a minimum of 100:1 leverage. We are providing this list to help traders who are interested
in pursuing accounts with brokers who offer greater than 1:50
leverage. We have not vetted this list and do not endorse any particular
broker. It's offered as a starting point for further research.
Brokerages that Will Accept US Citizens
AAAFX
Arab Financial...
Dukascopy is NOT a broker, they are a bank like MIG, DB FX, Citi fx pro and Saxo bank. And all banks accept US clients. MIG Bank has a leverage of 1:500 and a min deposit of 2000 USD.
  • #12
  • Oct 15, 2010 1:22pm Oct 15, 2010 1:22pm
Quoting BarrySDCA
I pasted this copy from the Yahoo group MTE&I:

The members of another forum have compiled the following list of Forex Brokers in other parts of the globe who are continuing to accept US clients and offer a minimum of 100:1 leverage. We are providing this list to help traders who are interested
in pursuing accounts with brokers who offer greater than 1:50
leverage. We have not vetted this list and do not endorse any particular
broker. It's offered as a starting point for further research.
Brokerages that Will Accept US Citizens
AAAFX
Arab...

Broco : http://ftalphaville.ft.com/blog/2010...-manipulation/

Tadawul : I tested their price feed against Oanda, IBfx and dbFX. They either have extremely thin liquidity and/or massive price manipulation.
  • #13
  • Oct 16, 2010 10:01pm Oct 16, 2010 10:01pm
Quoting BarrySDCA
I pasted this copy from the Yahoo group MTE&I:


AAAFX
Arab Financial Brokers
Broco
Dukascopy
E-global
FBS
Forex4You
FOREX MMCIS
FXCBS
FXOpen
GotMoneyFX
Instaforex
Marketiva
RVMarkets
Tadawul
Windsor Direct
My requirement: EURUSD Spreads less than 2 pips. Would like ECN 5th MT4.But 1 pip spread on 4 decimal is Ok. MoneyBookers-Paypal-Credit-And less than $1000 for Min deposit for ECN

And if i couldn't figure out the spreads, or these other conditions within a few minutes, they get the JUNK rating for having a poor website

AAAFX-failed
Arab Financial Brokers-junk
Broco -failed
Dukascopy -using
E-global-failed
FBS -ECN$1000-failed
Forex4You -failed
FOREX MMCIS-pass but looks like junk
FXCBS-failed$3000
FXOpen-pass $1000ecn
GotMoneyFX-pass-opened account
Instaforex-failed
Marketiva-failed
RVMarkets-Opened account
Tadawul-failed
Windsor Direct-Pass EU 1 pip on Mini account $250min

Also I found these that I will be testing live next week.
VAntageFx-pass
ThinkForex-pass
AdmiralMarkets-pass
FxCompany-pass
SmartTrader-pass
  • #14
  • Last Post: Oct 17, 2010 12:17am Oct 17, 2010 12:17am
Quoting BarrySDCA
I pasted this copy from the Yahoo group MTE&I:

The members of another forum have compiled the following list of Forex Brokers in other parts of the globe who are continuing to accept US clients and offer a minimum of 100:1 leverage. We are providing this list to help traders who are interested
in pursuing accounts with brokers who offer greater than 1:50
leverage. We have not vetted this list and do not endorse any particular
broker. It's offered as a starting point for further research.
Brokerages that Will Accept US Citizens
AAAFX
Arab Financial...

With the exception of Dukascopy, this list sounds like "stay away from"...
0 traders viewing now