List of Brokers taking U.S. Clients with hedging, scalping and no FIFO | Forex Factory

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List of Brokers taking U.S. Clients with hedging, scalping and no FIFO

  • #1
  • First Post: Edited Dec 27, 2011 3:32pm Dec 26, 2011 3:22pm | Edited Dec 27, 2011 3:32pm
What I'd like to do here is hopefully put together a list of all the current brokers that accept U.S. clients that are not strangulated by the CFTC and NFA, whether offshore or not. They must allow hedging, scalping, and have no FIFO requirements (First In, First Out).

Please list with the info below as complete as possible. I hope Twee can make this a sticky to help traders make a decision on a broker. I will update post #1 as people add info to the list.

Broker's name and link
Broker's Location
Phone # (if available)
Type of Broker (ECN, STP, MM, NDD):
Allow Hedging: Yes or No
Allow Scalping: Yes or No
Highest Available Leverage
Account Types

I will start the list (Please note, I am not affiliated or recommending any brokers on this list, it is just for information only):

UPFX- www.upfx.com
Location- Seychelles
Phone #- +44 (20) 3519 1829
Type of Broker- STP
Allow Hedging: Yes
Allow Scalping: Yes
Highest Available Leverage- 1:500
Account Types: Institutional, Professional, Standard, Mini, and Micro

FinFX- www.finfx.fi
Location- Finland
Phone #- +358 10 281 0100
Type of Broker- ECN
Allow Hedging: Yes
Allow Scalping: Yes
Highest Available Leverage- 1:200
Account Types: ECN Pro, ECN, Normal (Standard), and Micro

Hot Forex- www.hotforex.com
Location- Republic of Mauritius
 Phone #- +44-2033185978
Type of Broker- STP
Allow Hedging: Yes
Allow Scalping: Yes
Highest Available Leverage- 1:500
Account Types: Micro, Premium, VIP, Islamic, Currenex, and Pamm

------------------------------------------------------------------------------

Brokers not allowing U.S. clients

4Runner
4XP
ActivTrades
Alpari UK
CMS Forex
Dukascopy
I Am FX
FXCBS
FXPro
Go Markets
LiteForex
MIG Bank
TadawulFX
Pepperstone
Varengold
  • #2
  • Dec 27, 2011 10:04am Dec 27, 2011 10:04am
Brokers and Platform features All must Have """
Wouls be nice to have a broker offering all these features.


However even if they do offer all this, how do we know taht tehy will not play with "stop hunting" slippage trading against the client and so on ..?


Broker & Server

Close candles est time.5pm

Ecn/Stp Registered

Fsa or Fca registered

Nationality Usa/Australia/Uk/ Canada, less likely

Allow Scalping ? no limits of time

Min acct start 250 ? And if so it must never be kept below 250 usd ?


Low spread

Fast execution?
Limit orders/Stop orders ? Take profit
Segregated account ?

Able to close position by tel if connection go wrong
Good medium leverage
No Slippage on Market Orders
Trade FX, Commodities and Indices. Oil, Metals ???


Platform MT 4 / MT 5 click-and-drag movement of orders, stop-losses, and profit-taking levels is a real plus for me Live chat-Supp ?
 Can download attach expert indicators to MT 4 ? Software Type: Web, Desktop
Trading From Charts






  • #3
  • Dec 27, 2011 12:36pm Dec 27, 2011 12:36pm
Thanks so much, I've been looking to get away from my current broker and this UPFX sounds perfect.
  • #4
  • Dec 27, 2011 12:43pm Dec 27, 2011 12:43pm
A broker that offers guaranteed fills and an ECN both together is flat out lieing to you! I wouldn't touch UPFX with a 50 foot pole. Think about this. Fills can not POSSIBLY be guaranteed on an ECN because if the liquidity for your order does not exist, it simply can not be filled. It's a technical impossibility.

UPFX offers guaranteed fills and no slippage. This may be true on their demo accounts but for live, I'm sorry, this is like walking into the lions mouth and asking politely that the lion not bite.

EDIT: If anyone is thinking of either of the two brokers in the first post, I would only hesitantly recommend FinFX because while unregulated, they have a rather good track record established through word of mouth. I've not heard much negative about them on the web and customers seem generally very satisfied.
  • #5
  • Dec 27, 2011 2:22pm Dec 27, 2011 2:22pm
This thread is only a list of brokers that will allow U.S. residents. I added UPFX and FinFX to start because they are the only two I know for sure that allow U.S. clients. I am hoping more people will come in and add on to the list. It is not a thread to bash the brokers, just to provide info to the trader. Any smart trader will know to research each broker thoroughly to see if they fit his or her needs.
  • #6
  • Dec 27, 2011 3:11pm Dec 27, 2011 3:11pm
Quoting Wacky Canuck
A broker that offers guaranteed fills and an ECN both together is flat out lieing to you! I wouldn't touch UPFX with a 50 foot pole. Think about this. Fills can not POSSIBLY be guaranteed on an ECN because if the liquidity for your order does not exist, it simply can not be filled. It's a technical impossibility.

UPFX offers guaranteed fills and no slippage. This may be true on their demo accounts but for live, I'm sorry, this is like walking into the lions mouth and asking politely that the lion not bite.

EDIT: If anyone is thinking...
UPFX doesn't claim to be an ECN, guuarantee fills, or no slippage. Where are you getting that?

I've been trading live with them the past 4 months and their 1st class broker.
  • #7
  • Dec 27, 2011 3:37pm Dec 27, 2011 3:37pm
Quote
A broker that offers guaranteed fills and an ECN both together is flat out lieing to you! I wouldn't touch UPFX with a 50 foot pole. Think about this. Fills can not POSSIBLY be guaranteed on an ECN because if the liquidity for your order does not exist, it simply can not be filled. It's a technical impossibility.

I doesn't say they are an ECN, I says they are an STP, there's a difference. I says it right here on there website under FAQ's.
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  • #8
  • Dec 27, 2011 4:08pm Dec 27, 2011 4:08pm
We appreciate the insight, but remember, this is a thread about offshore brokers accepting U.S. clients, not whether or not they use a dealing desk or not or to instill personal opinions. If someone wants to trade with a market maker, it is their choice. There are a lot of traders that use market makers with no issues (IBFX, TadawulFX, FXDD, Forex.com, etc...).
  • #9
  • Dec 27, 2011 4:11pm Dec 27, 2011 4:11pm
Nice idea Mer.

Besides the info you already have, I would be in favor of adding info for number of years in business, plus any regulatory bodies/agencies the broker belongs to. I wouldn't give a second look to any broker in business for less than 3 years and has zero regulatory oversight, etc.
To improve is to change. To perfect, is to change often.
  • #10
  • Dec 27, 2011 4:33pm Dec 27, 2011 4:33pm
Quote
Nice idea Mer.

Besides the info you already have, I would be in favor of adding info for number of years in business, plus any regulatory bodies/agencies the broker belongs to. I wouldn't give a second look to any broker in business for less than 3 years and has zero regulatory oversight, etc.

I feel the same way, but I didn't start the thread to do all the work for everyone, it's just a basic list of info for the trader. The trader should responsible for his own due diligence in the matter of researching the broker and obtaining the pertinent information themselves. Any of this info is easily available through the brokers website or asking a representative in a live chat or e-mail.
  • #11
  • Dec 27, 2011 10:23pm Dec 27, 2011 10:23pm
Quoting forexhard
Nice idea Mer.

Besides the info you already have, I would be in favor of adding info for number of years in business, plus any regulatory bodies/agencies the broker belongs to. I wouldn't give a second look to any broker in business for less than 3 years and has zero regulatory oversight, etc.

Agree with your recomendation however one must remember that this is a thread about offshore brokers who still accept traders from USA. As the old saying goes "beggers can't be choosers" and any trader living in USA in these days after Dodd-Frank/CFTC regulations knows that saying only to well when trying to locate a broker outside USA.
  • #12
  • Edited 12:04pm Feb 2, 2012 11:50am | Edited 12:04pm
Quoting mer071898
What I'd like to do here is hopefully put together a list of all the current brokers that accept U.S. clients that are not strangulated by the CFTC and NFA, whether offshore or not. They must allow hedging, scalping, and have no FIFO requirements (First In, First Out).

Please list with the info below as complete as possible. I hope Twee can make this a sticky to help traders make a decision on a broker. I will update post #1 as people add info to the list.

Broker's name and link
Broker's Location
Phone # (if available)
Type of Broker (ECN, STP,...
mer071898, you're doing such a great job with this list!

babypips has a huge thread with the similar list, please take a look (please pay attention to the posts #1124, #1125):
http://forums.babypips.com/rate-my-b...-cftc-113.html
Gentlemen always play by the rules. If they can't, they change the rules.
  • #13
  • Feb 2, 2012 12:20pm Feb 2, 2012 12:20pm
Any offshore FX broker not registered at the NFA and accepting US clients is breaking the US securities market law, plain and simple. CFTC has fined numerous foreign brokers recently for doing just that. You are playing with fire here, people. Brokers like FinFX, UPFX and others accepting US clients are in fact breaking the law and they will be fined, plus people will soon start to get sent to jail. You never mess around with US law enforcement agencies. Be careful.

Better start reading this site: http://cftc.gov/PressRoom/PressReleases/index.htm
  • #14
  • Feb 2, 2012 2:21pm Feb 2, 2012 2:21pm
Quoting italldepends
Any offshore FX broker not registered at the NFA and accepting US clients is breaking the US securities market law, plain and simple. CFTC has fined numerous foreign brokers recently for doing just that. You are playing with fire here, people. Brokers like FinFX, UPFX and others accepting US clients are in fact breaking the law and they will be fined, plus people will soon start to get sent to jail. You never mess around with US law enforcement agencies. Be careful.

Better start reading this site: http://cftc.gov/PressRoom/PressReleases/index.htm...
italldepends, no offense, but I just can't help it, I just have to ask you:
are you a lawyer, a district attorney or just a busybody?
Gentlemen always play by the rules. If they can't, they change the rules.
  • #15
  • Feb 2, 2012 2:40pm Feb 2, 2012 2:40pm
Quoting Favorite
italldepends, no offense, but I just can't help it, I just have to ask you:
are you a lawyer, a district attorney or just a busybody?
You got it! Educated lawyer, born trader. Makes me sick that its 2012 and we still get this whole song and dance about offshore companies who have STP, NDD, DMA, ECN, CIA and FBI. Stop breaking the law, people! Any offshore company not registered in the US and accepting US clients will be gone sooner or later. So better not promote something like that.
  • #16
  • Feb 2, 2012 4:18pm Feb 2, 2012 4:18pm
Quoting italldepends
You got it! Educated lawyer
I knew it, I knew it!

Guys, we've got a lawyer here!Let's get him and torture him for all the harm that the lawyers did to our great nation!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #17
  • Feb 8, 2012 6:46pm Feb 8, 2012 6:46pm
tried to open account with upfx and it stated that they were not taking us citizens as clients.

good old usa screwing their citizens again.

seems that we are the only people in the world that all the forex brokers outside can turn down as clients.
  • #18
  • Feb 9, 2012 1:09am Feb 9, 2012 1:09am
Are you for real guys?

B.okers that accept US clients without proper regulation are doing it illegally. Yees!!! Maybe next list you wanna put together is about b.rokers who help with money laundering. And I thought FF was a serious site...

If a broker is illegally accepting clients, think what other illegal things they could be engaged with.
  • #19
  • Feb 14, 2012 1:06pm Feb 14, 2012 1:06pm
Quoting italldepends
Any offshore FX broker not registered at the NFA and accepting US clients is breaking the US securities market law, plain and simple. CFTC has fined numerous foreign brokers recently for doing just that. You are playing with fire here, people. Brokers like FinFX, UPFX and others accepting US clients are in fact breaking the law and they will be fined, plus people will soon start to get sent to jail. You never mess around with US law enforcement agencies. Be careful.

Better start reading this site: http://cftc.gov/PressRoom/PressReleases/index.htm...
italldepends, this legal eagle, got banned because he used multiple usernames... It is really funny. Such an honest, good, law abiding citizen, he would never break the law! NO! Yet he was sleaky enough to break our forum's law. And he positioned himself as American, but at the same time he said in his profile that he was from Afghanistan. SLEAKY!!!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #20
  • Feb 14, 2012 1:14pm Feb 14, 2012 1:14pm
Quoting Pommegranate
Are you for real guys?

B.okers that accept US clients without proper regulation are doing it illegally. Yees!!!
United States is not the only country in the world and it is not even the center of the world. There are a lot of other independent countries that have their own laws, and the brokers in these countries don't break any laws of their countries.

P.S. Please read my previous post.
Gentlemen always play by the rules. If they can't, they change the rules.
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