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Which best broker allows hedging in the same account for US clients? 15 replies

what happens with stoplosses at FIFO brokers? 1 reply

Need a 5 decimal 500:1 MICRO mt4 broker who is happy with scalping/hedging/ea clients 21 replies

Help me to make a list of brokers that allow hedging in the same account! 11 replies

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

Check out arrowfieldtrading.com
being a US citizen is a pain in the rear end when it comes to FX brokers. Have been searching for a while now. not too many options, and too many negative reviews on all of them. lol.
Really? That's reason why FXCM has collected Alpari US accounts. Seems in US, American prefer stock trading than forex. "Wolf of Wall Street"
And I am sorry but I remember HotForex doesn't accept US trader.
Quoting undergroundz
Really? That's reason why FXCM has collected Alpari US accounts. Seems in US, American prefer stock trading than forex. "Wolf of Wall Street" And I am sorry but I remember HotForex doesn't accept US trader.
the volcker rule and CFTC is the culprit. everyone is shutting down shop in the US. strict rules on max leverage to be offered, maintaining x amount of liquidity to avoid going under etc....
any US traders use traderway?
Quoting undergroundz
Really? That's reason why FXCM has collected Alpari US accounts. Seems in US, American prefer stock trading than forex. "Wolf of Wall Street" And I am sorry but I remember HotForex doesn't accept US trader.
no they prefer you traded on a regulated exchange, stock, option, future's, bonds and so on
Quoting fawkes
being a US citizen is a pain in the rear end when it comes to FX brokers. Have been searching for a while now. not too many options, and too many negative reviews on all of them. lol.
yeah tell me about it.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
Quoting GoldenEA
any US traders use traderway?
I've been looking at Trader's Way. I just left them a voicemail, asking about policy on monthly fund withdrawal. If you deposit by CC there are significant limitations on this (uhh... 6mth waiting period after initial withdrawal!!). If I can't withdraw monthly, will look elsewhere.
Quoting Thruline
{quote} I've been looking at Trader's Way. I just left them a voicemail, asking about policy on monthly fund withdrawal. If you deposit by CC there are significant limitations on this (uhh... 6mth waiting period after initial withdrawal!!). If I can't withdraw monthly, will look elsewhere.
I use Traders Way. Never had a problem withdrawing. Never heard about a waiting period.
Quoting fawkes
being a US citizen is a pain in the rear end when it comes to FX brokers. Have been searching for a while now. not too many options, and too many negative reviews on all of them. lol.
have you checked out FXtradeweb.com - they seem pretty slick and the spreads on their homepage seem to be on par or better than other ECN brokers.
Quoting Ro.
{quote} have you checked out FXtradeweb.com - they seem pretty slick and the spreads on their homepage seem to be on par or better than other ECN brokers.
They look pretty good...
Quoting Aplmustdie
{quote}Because of the Dodd-Frank Act the CFTC has gone to great efforts to either warn or sue non-US brokers who accept US clients, for which reason many non-US brokers stopped accepting US clients, and returned the money of their existing US clients before closing their accounts. As a result US citizens desiring to trade in Forex are forced to open US Forex accounts, and trade with very low leverage (50:1) so that you often have no choice but to deposit a lot of money in your account if you want to trade safely and get anywhere financially (in...

What does everyone think about the new developments in regards to Dodd-Frank? Do you now think things will return to how things were before ... prior to the creation of the law? Read this recent article about the proposed changes the government is considering to Dodd-Frank: http://nypost.com/2014/12/11/1t-bill...k-reform-bill/
"Dream big and dare to fail." - Norman Vaughan
Quoting forex40
{quote} no they prefer you traded on a regulated exchange, stock, option, future's, bonds and so on
So Forex is not popular as stock trading in US?
Quoting undergroundz
{quote} So Forex is not popular as stock trading in US?
It is popular but CFTC & NFA is trying to make it unpopular because they want to protect the futures industry from which they are collecting fees.
Make your losses in demo. Earn your profits live.
And to answer this thread's question, I would say none although I am surprised to find a few who still dares to defy Uncle Sam. And FinFx is a good find. I will start to check them out. Honestly, I find Dodd-Frank Act has done absolutely nothing to protect us traders from the real unscrupulous and dishonest brokers and all they have done is just choking off retail forex trading which when properly and effectively regulated could be a very profitable business activity that contributes positively to the economy. To be honest, it's none of anybody's business who I choose to give my money to to invest and it's none of US's business to tell a broker located in a foreign country whether to take a US client or not.

At the end the only people who ended up getting hurt are the traders who are US residents, the very same people that CFTC/NFA "suppposedly" set out to protect. Because of the unnecessary and unreasonable restrictions, US traders are basically being subject to a very limited choice of actually honest brokers that also at the same time allow for decent profit to be made. Their one-size-fits-all cookie-cutting "regulations" removed many useful tools and strategies that US traders could've used to protect their losses and make more profit and that just helps to create the self-fulfilling prophecy that "forex trading is a highly risky investment" when in fact it doesn't have to be that way at all. I thought Obama was all about "Changes" I didn't know it would be "Changes" for the worse!
Make your losses in demo. Earn your profits live.
I'm currently with oanda but looking to go to ecn broker. since not a ton of options for US traders been looking at FXCM, MBTrading and ForexBrokersInc. does (or has) anybody here ever done business with any of these guys? FXCM seems to have a real crappy reputation and forexbrokersinc is kinda new and offshore. i opened demo accts with them all so far fxcm spreads are ok but commision are very high, havent spent as much time with others due to holidays. just looking for some feedback.

peace
  • Post #77
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  • Edited at 10:47pm Dec 28, 2014 8:30pm | Edited at 10:47pm
Quoting archtop
I'm currently with oanda but looking to go to ecn broker. since not a ton of options for US traders been looking at FXCM, MBTrading and ForexBrokersInc. does (or has) anybody here ever done business with any of these guys? FXCM seems to have a real crappy reputation and forexbrokersinc is kinda new and offshore. i opened demo accts with them all so far fxcm spreads are ok but commision are very high, havent spent as much time with others due to holidays. just looking for some feedback. peace
MB Trading is not too bad. IB Interactive is OK as long as you can stand their horrible trading platform, non-existent customer service and being nickle & dimed for EVERYTHING that you do and plus EXTREMELY non-competitive swap rates. For US citizens, these are pretty much the only choice of decent ECN US brokers available thanks to the wonderful Dodd-Frank law that forbids US citizens from investing outside of US. But then again as long as you remain as US citizens, you can only trade with US brokers that do not allow hedging and have use FIFO.

Or there is a third solution: Renounce your US citizenship and live abroad like many US ex-patriots like Google's founders and Facebook's owner have done. There is no point to be a citizen of a country that doesn't even have the basic right to manage their own money and choose where to invest their own money.
Make your losses in demo. Earn your profits live.
As some people on ff know, I have used finfx from the beginning, with no complaints at all. But I decided to branch out and am almost stunned to report on what I found in this broker, which offers more than finfx does in terms of options on its mt4, even though finfx offers a lot - for example, commodities such as oil are found on the mt4 of the below broker, as well as micro orders under .10, which finfx doesn't offer on its regular mt4 platform.

Forex Broker Inc. - a plain name, an extraordinarily responsive group of people in the back office. Every single thing I've checked out has come up positive. On the matter of safety of money, I found this reply compelling: anyway, I am in, my second account is opened (in addition to the one with finfx). See what you think from this reply, which is only the latest from the back office which always clearly answered detailed queries from me:

If by far you are satisfied with our services, please don't hesitate to share your experience with us among the forex forum sites of your preference.Any review is highly appreciated.

In regards about us being unregulated, please mind that the only reason we are, is to be able to offer to USA citizens the same conditions as with other countries i.e :

Higher leverage than 1:50, which is the restriction by the USA government if you are a regulated brokerage, up to 1:500 maximum.

No FIFO rules - which is obviously limiting anyone in order to properly trade and earn any funds.

No requotes - you are getting the preferred opening/closing price or the most available during volatile Market conditions, without the interval of a Dealing Desk in between.

You must agree that being unregulated is a high advantage for USA citizens.

There is no reason to worry when trading with us as a non-regulated broker, as we guarantee the safety of our clients’ funds at all times.

All our clients' funds are received in the Company’s segregated client bank account.
These funds are off balance sheet and cannot be used to pay back creditors in the unlikely event of default of the Company.

In other words if our company will shut down for any reason, all remaining balances will be returned back to our clients bank accounts.

Please let me know if you have any other questions about us.As always we are pleased to help our clients.
Quoting Greenstar
There is no reason to worry when trading with us as a non-regulated broker, as we guarantee the safety of our clients’ funds at all times. All our clients' funds are received in the Company’s segregated client bank account. These funds are off balance sheet and cannot be used to pay back creditors in the unlikely event of default of the Company. In other words if our company will shut down for any reason, all remaining balances will be returned back to our clients bank accounts. Please let me know if you have any other questions about us.As always...
Yes but the problem is you don't KNOW EXACTLY where your funds are. They can say all they want but there is nobody auditing them and checking them. That's the only thing with unregulated brokers is this trust issue and this is where those regulatory bodies step in and take advantage of it. They basically step in and say "I am regulating them and checking them and making sure they are what they are (sometimes they don't even do that) but in exchange you are going to play by MY rules."

So yes if you REALLY have had good positive experience with an unregulated broker like FinFx then yes it is very advantageous to an US citizen to trade with a non-regulated broker.
Make your losses in demo. Earn your profits live.
Quoting Greenstar
As some people on ff know, I have used finfx from the beginning, with no complaints at all. But I decided to branch out and am almost stunned to report on what I found in this broker, which offers more than finfx does in terms of options on its mt4, even though finfx offers a lot - for example, commodities such as oil are found on the mt4 of the below broker, as well as micro orders under .10, which finfx doesn't offer on its regular mt4 platform. Forex Broker Inc. - a plain name, an extraordinarily responsive group of people in the back office....

Been with them since July. Best broker I've traded with in my five years trading. Commission a bit high, but spreads are tight, true STP, I've watched price go within .001 of my stop and not hit several times. Wire transfers over $500 are free, I've made three withdrawals, last one was processed same day and hit my bank next day. Those who worry about regulation make no sense to me, our funds are not protected whatsoever with a US based "regulated" broker,but yet they want me to put 10 times the money in for margin to execute the same size trade. Why would I want to do that?
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