Any brokers offering high leverage accounts to US citizens? | Forex Factory

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Any brokers offering high leverage accounts to US citizens?

  • #1
  • First Post: Nov 30, 2011 2:18am Nov 30, 2011 2:18am
Does anyone know if there is a broker who offers 1:400 or 1:500 leverage account and accepts U.S citizens??????
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  • #2
  • Dec 8, 2011 9:59pm Dec 8, 2011 9:59pm
Try finfx and see if they will accept you the leverage is 200:1
  • #3
  • Dec 9, 2011 9:30am Dec 9, 2011 9:30am
Quoting forexpert310
Does anyone know if there is a broker who offers 1:400 or 1:500 leverage account and accepts U.S citizens??????
As per the Commodity Futures Commission (CFTC) rule set on 10-Oct-2010, the maximum leverage available to US residents is 50:1.

The Dodd Frank Act prohibits US clients from trading Forex with a counter party that is not regulated in the US.

Sorry to be the bearer of bad news mate.
  • #4
  • Dec 10, 2011 9:26am Dec 10, 2011 9:26am
is there any way to by pass this rule? Is there a way to open llc, s or c corp outside the US so his way you can trade with any broker you want and I personally hate FIFO rule it only help the broker and not the trader any thoughts guys
  • #5
  • Dec 11, 2011 6:05am Dec 11, 2011 6:05am
There are ways around this of course.

New brokers are sprouting up throughout the caribbean that are not giving in to harassment from the CFTC minions. They are simply thugs paid off by lobbyists. Anyway I wouldn't want to make it easier for the thugs by posting the broker names here, but will PM those.


Quoting High.Five
As per the Commodity Futures Commission (CFTC) rule set on 10-Oct-2010, the maximum leverage available to US residents is 50:1.

The Dodd Frank Act prohibits US clients from trading Forex with a counter party that is not regulated in the US.

Sorry to be the bearer of bad news mate.
  • #6
  • Jan 9, 2012 1:53pm Jan 9, 2012 1:53pm
this cftc (and others) ruling is the reason why many brokers outright reject usa citizens and/or have opened separate companies to deal with non us clients
  • #7
  • Jan 13, 2012 10:22am Jan 13, 2012 10:22am
Quoting forexpert310
Does anyone know if there is a broker who offers 1:400 or 1:500 leverage account and accepts U.S citizens??????

I don't think any *decent* broker would, the USA simply doesn't allow brokers to offer accounts to people living in the USA unless they agree to follow their rules and regulations. If a broker was willing to break the law like that would you really trust them to be your broker? You've two opinions.

1. Move.
2. Abide by your country's rules.

I read on the news today that a British student is being extradited to the USA for running a file sharing website from the UK and there have been cases of the Americans going after the directors of online gambling companies personally, even though they haven't broken any rules in their own country and have never run their business from America http://www.bloomberg.com/apps/news?p...oiY&refer=news

America is a country where prisons aren't even up to the standards of prisons anywhere else in developed world and is a country that incarcerates people for 25 years for 3 'relatively mild' offences in some states. It is a country that keeps around 1% of it's own population in jail (there are probably more people in jail in America than there are in every other country in the world put together). America is also one of the four countries that account for nearly all of the executions that happen world wide (the others are Iran, Saudi Arabia and China) and their last president approved the use of torture and personally authorised it. And they know it's torture - if one of their own is waterboarded by an enemy, any enemy for any reason, they call it torture and seek the death penalty for the torturer.

In short, nobody that you should trust with your cash is going to offer an American a Forex trading account that breaks US laws.
  • #8
  • May 13, 2012 6:48pm May 13, 2012 6:48pm
does anyone know what brokers with high leverage accepts us citizens?
  • #9
  • May 13, 2012 7:13pm May 13, 2012 7:13pm
Quoting desire07727
does anyone know what brokers with high leverage accepts us citizens?
no
  • #10
  • May 14, 2012 11:25pm May 14, 2012 11:25pm
Quoting dk58198
is there any way to by pass this rule? Is there a way to open llc, s or c corp outside the US so his way you can trade with any broker you want and I personally hate FIFO rule it only help the broker and not the trader any thoughts guys
Quoting Davidee
I don't think any *decent* broker would, the USA simply doesn't allow brokers to offer accounts to people living in the USA unless they agree to follow their rules and regulations. If a broker was willing to break the law like that would you really trust them to be your broker? You've two opinions.

1. Move.
2. Abide by your country's rules.
.................

Davidee is mostly right here. The better thing to do is to establish residency outside the USA (pretty easy to do actually), then you should be fine when opening accounts. Many brokers who initially baulked at the idea of USA being able to control their affairs eventually folded.....not so much that the USA came after them, but CFTC scared them into not accepting USA resident retail clients. Wasn't worth the negative attention or headache. Similar thing happened in the gambling community, except the largest casinos (and they setup some real dummy structures to keep accepting credit cards).

There's a whole other world outside those borders. Explore the possibilities. Trying to do it from within the USA is very difficult and opens the door to headaches and more scams, similar to the whole offshore banking thing.
Measure trends automatically with zero lag
  • #11
  • May 15, 2012 12:09am May 15, 2012 12:09am
Quoting ybfjax
Davidee is mostly right here. The better thing to do is to establish residency outside the USA (pretty easy to do actually), then you should be fine when opening accounts. Many brokers who initially baulked at the idea of USA being able to control their affairs eventually folded.....not so much that the USA came after them, but CFTC scared them into not accepting USA resident retail clients. Wasn't worth the negative attention or headache. Similar thing happened in the gambling community, except the largest casinos (and they setup some real dummy...
Suggesting to you Finfx. Very simple. I know several US traders who have been with them for a long time. Taxes are no problem if you are honest and report your results. It is not necessary to state where you are trading. I know it's hard to believe, and I won't be checking back here to re-discuss, but I am only reporting the results of tax filing with TurboTax online, which i HUGELY recommend you try, if you are in the United States. Not just for FOrex, but for speed, accuracy, simplicity, and tons less expensive than my old way of using H&R BLock.
  • #12
  • May 16, 2012 2:09am May 16, 2012 2:09am
Quoting ybfjax
Davidee is mostly right here. The better thing to do is to establish residency outside the USA (pretty easy to do actually), then you should be fine when opening accounts. Many brokers who initially baulked at the idea of USA being able to control their affairs eventually folded.....not so much that the USA came after them, but CFTC scared them into not accepting USA resident retail clients. Wasn't worth the negative attention or headache. Similar thing happened in the gambling community, except the largest casinos (and they setup some real...
How does one "easily" establish residentcy outside the USA?
  • #13
  • May 16, 2012 2:18am May 16, 2012 2:18am
Quoting forexpert310
Does anyone know if there is a broker who offers 1:400 or 1:500 leverage account and accepts U.S citizens??????
400 and 500 are not high leverage hope you know that more higher ones exist in Forex
  • #14
  • May 16, 2012 3:05am May 16, 2012 3:05am
Quoting LEXngton
How does one "easily" establish residentcy outside the USA?
By taking a trip outside the USA. Well, thats the most legitimate way to do it anyway . To open an account at most brokerages, you need a gov't issued local id with photo and a bank statement or some utility bill or other proof of residence. And you send them via scanned pdf or image file attachment. You may have to get them notorized or "certified" to be true documents. Obviously, you'd want to pick places that are friendly towards visitors. Mexico would be a great place to start; its right next door. Columbia, Thailand, Malaysia.....the sky is the limit. Places like Iran or even Canada should be avoided; you don't want to be in a place that is as strict or more strict than where you are leaving.

The key thing is to avoid getting scammed by people trying to sell accounts or offshore services. This is best accomplished by being on the ground (in the desired country) with other expats, backpackers, etc and get ideas and make direct observations. It would only cost you a plane ticket, visa (if applicable) and a bit for lodging and food. But if you are serious enough about your trading business, it's worth the trip.

PM would be more appropriate for specifics, although this is more than enough to get started.
Quoting Vaclav_Treti
400 and 500 are not high leverage hope you know that more higher ones exist in Forex
which brokers? I only know of 1: instaforex and the 1:1000 leverage is up to $1000...afterwards it is 1:600. Most other brokers 1:500 is max.

Ironically, CME futures EuroDollar contract (not EuroFX) has leverage between 1:1250 and 1:2500....and this can DOUBLE for brokers who offer 50% or greater day trading margins; most discount futures brokers offer this.
Measure trends automatically with zero lag
  • #15
  • Oct 28, 2012 4:11pm Oct 28, 2012 4:11pm
...I need the list of brokers you speak of. thanks!!


Quoting Blud4oilPrgm
There are ways around this of course.

New brokers are sprouting up throughout the caribbean that are not giving in to harassment from the CFTC minions. They are simply thugs paid off by lobbyists. Anyway I wouldn't want to make it easier for the thugs by posting the broker names here, but will PM those.
  • #16
  • Edited 4:36pm Oct 28, 2012 4:24pm | Edited 4:36pm
Quoting ybfjax
which brokers? I only know of 1: instaforex and the 1:1000 leverage is up to $1000...afterwards it is 1:600. Most other brokers 1:500 is max.

Ironically, CME futures EuroDollar contract (not EuroFX) has leverage between 1:1250 and 1:2500....and this can DOUBLE for brokers who offer 50% or greater day trading margins; most discount futures brokers offer this.
Exness offers 1:2000, which I think is not only irresponsible and reckless, but completely evident of a broker having no regard for the financial well-being or success of their clients.

(Don't think exness opens US accounts as it relates to this thread's topic.)

Also, EuroDollar futures at the CME are an interest rate contract, not a currency contract. So the leverage there isn't quite comparable. They adjust required margins all the time based on volatility and risk, and the same consideration that goes into other contracts with higher required margins (says something about the underlying and how it trades.)
FXGears.com
  • #17
  • Oct 29, 2012 2:58am Oct 29, 2012 2:58am
Quoting Jack_Larkin
Exness offers 1:2000, which I think is not only irresponsible and reckless, but completely evident of a broker having no regard for the financial well-being or success of their clients.

(Don't think exness opens US accounts as it relates to this thread's topic.)

Also, EuroDollar futures at the CME are an interest rate contract, not a currency contract. So the leverage there isn't quite comparable. They adjust required margins all the time based on volatility and risk, and the same consideration that goes into other contracts with higher required...
It's cash settled (no physical delivery), but it doesn't matter what type of product we are speculating here.

Futures has traditionally had huge amounts of gearing regularly exceeding 1:50 at the exchange level depending on the product traded, plus the broker has complete discretion over what additional leverage they can offer their clients depending on how the broker evaluates client risk. All the client had to do was sign 'additional risk disclosures' and all was fine, no need at the regulatory level to force leverage restrictions. No investigations from any regulatory body or complaints from the trading community about insane leverage offered by futures brokerages.

But the CFTC did not leave this up to retail forex brokers or traders to decide for themselves. They mandated one size fits all caps on all forex brokers at 50:1, despite widespread public outcry against this. But segregated accounts for forex traders that would offer true [legal] protection of client funds? No time. But hey....50:1 leverage has made the USA retail forex community a safer place to trade.....NOT.

Thanks for the tip on exness, although on closer inspection, they limit the leverage to 1:200 5 hours prior to the weekend close and over the weekend.
Measure trends automatically with zero lag
  • #18
  • Oct 29, 2012 3:44am Oct 29, 2012 3:44am
EuroFX on CME currently needs $3300 for an overnight position per contract, roughly 38:1 and futures brokers are not allowed to provide lower margins than the exchange minimum. Some provide lower margins intraday, up to 250:1 tho.
  • #19
  • Oct 29, 2012 6:35am Oct 29, 2012 6:35am
Quoting ybfjax
It's cash settled (no physical delivery), but it doesn't matter what type of product we are speculating here.
I didn't say it wasn't.. I said it was an interest rate based future, not a currency future.

You're not trading something derived from a currency value, you're trading the LIBOR tied interest rate return on a 3 month time deposit. That's why you can have such high leverage in Eurodollar contracts, it's a completely different product than the EuroFX contracts.

Heck, the Eurodollar contracts are even denominated and settled in USD, so there isn't even currency risk involved.

Quoting ybfjax
Futures has traditionally had huge amounts of gearing regularly exceeding 1:50 at the exchange level depending on the product traded, plus the broker has complete discretion over what additional leverage they can offer their clients depending on how the broker evaluates client risk. All the client had to do was sign 'additional risk disclosures' and all was fine, no need at the regulatory level to force leverage restrictions. No investigations from any regulatory body or complaints from the trading community about insane leverage offered by futures...
At the CME, and all participants are playing by the same rules.

Spot forex is OTC, and trading conditions change between brokers as they deal with clients, again between liquidity providers and banks, and then again between various ECN networks connecting them all.

While I don't always fully agree with the CFTC/NFA regulations in place, I do see the need for them.

Quoting ybfjax
Thanks for the tip on exness, although on closer inspection, they limit the leverage to 1:200 5 hours prior to the weekend close and over the weekend.
It wasn't really a tip since I wouldn't advise trading with them. I don't usually recommend brokers regulated by CySEC, and I don't like their business practices (the leverage they advertise is one big part of it.)
FXGears.com
  • #20
  • Mar 22, 2013 7:19pm Mar 22, 2013 7:19pm
There is no decent broker will give us leverage more than 1:100, I can't imagine that the is a decent broker who gives us 1:1000 leverage, if he did then that leverage is no a real leverage and our orders doesn't pass to the inter bank, all the process will be a simulation and in case we made a high profit we will got nothing!
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