Regulated U.S Broker for U.S citizens | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

FCA regulated or other reputably regulated Broker with 1:500 0 replies

Forex option broker for US citizens? 1 reply

Broker offering penny accounts to US citizens? 1 reply

Low spread broker for US Citizens 1 reply

Broker for Non US Citizens living in USA 9 replies

Regulated U.S Broker for U.S citizens

  • #21
  • Feb 17, 2015 7:10pm Feb 17, 2015 7:10pm
Quoting TraderRaven7
I am from India but since trading in India is illegal, I am getting someone to open an account in the US. All my funds are stuck in AlpariUK, so do not have much choice. I have limited options, that is why trying to find a broker in the US. As far as I know MB Trading are offering Metatrader 4 with minimum deposit of $400, and maximum leverage of 50:1. Yes they do not allow hedging but I am a trend trader so do not really need to hedge. What about CFTC , do you know if they insure trader funs? I have been trying to find out if MB Trading keeps segregated...
Due to the USA anti-money laundering laws, I'm fairly sure opening an account in someone else name is illegal. The US tax issues when/if you are profitable could be a major headache as well. You live in a nation of 1.2 billion people. You can't be the only trader looking to find a work around to trade forex. Why not start a new thread "Forex Trading in India"?
  • #22
  • Feb 17, 2015 10:54pm Feb 17, 2015 10:54pm
As I mentioned earlier, my funds are stuck in AlpariUK and I do not know for how long. If I open an account in US I will not be trading per se, someone else would trade on my behalf. It is one big mess and I would not have been in it if not for Alpari going insolvent.
Yes there are plenty of people trading from India and I do not know how, but if they are trading with their own name while still in India, then it is still illegal. I would rather trade with unfair conditions and stringent regulations, then trade illegaly. Using a US broker at worse will cause me to loose money, which would be my own fault for not being prepared and not enough practice on demo account. Trading illegaly from India will cause me to go to prision or a very hefty fine.

I appreciate everyone's comments and suggestions.
You guys have been very helpful and informative, thank you.
  • #23
  • Feb 18, 2015 7:00am Feb 18, 2015 7:00am
Quoting Profit Daily
{quote} There are absolutely no brokers in the USA under NFA/CFTC regulations which provide segregated/insured accounts for forex. MB Trading offers it for some of their other accounts, but not forex.
CitiFx Pro
  • #24
  • Feb 18, 2015 7:22am Feb 18, 2015 7:22am
Quoting zznbrm
{quote} CitiFx Pro
Are you sure?
I looked into them and i do not believe they offer segregated accounts.
Have you ever traded with them?
  • #25
  • Feb 18, 2015 3:56pm Feb 18, 2015 3:56pm
Quoting TraderRaven7
{quote} Are you sure? I looked into them and i do not believe they offer segregated accounts. Have you ever traded with them?
Segregated no, insured yes
  • #26
  • Feb 20, 2015 7:08am Feb 20, 2015 7:08am
Are there any trustworthy, offshore FX brokers that accept US clients and Credit Card deposits?
  • #27
  • Feb 20, 2015 8:02am Feb 20, 2015 8:02am
Quoting scaredycat
Are there any trustworthy, offshore FX brokers that accept US clients and Credit Card deposits?
PM me. I use 4 of them.
  • #28
  • Feb 24, 2015 11:23pm Feb 24, 2015 11:23pm
Sorry to be off-topic. At what point would you begin withdrawing money from your live account in case od a Refco type situation unfolds? $100,000? $500,000. etc.? Thanks.
  • #29
  • Feb 27, 2015 3:59pm Feb 27, 2015 3:59pm
Additionally, all of our regulated entities except the U.S. provide clients with segregated funds. All of our global client base in our regulated entities minus US clients would be protected under a bankruptcy. Our UK regulated entity through the FSCS even offers clients £50,000 per person in protection. Canada has similar insurance for retail traders of up to $1 million CAD.

Read more: http://forums.babypips.com/fxcm/7195...#ixzz3SzcMXQ2S

Pretty amazing, isn't it? Why is the US, the most heavily regulated forex country, refusing to offer traders any protection. After all, I thought it was for our benefit?
  • #30
  • Mar 5, 2015 10:16am Mar 5, 2015 10:16am
Can someone post the NFA id for cashbackforexusa.com? I don't want to start a new thread just for asking that.

cashbackforexusa is not paying my rebates. I need to lodge a complaint.
newzTrader
  • #31
  • Last Post: Mar 5, 2015 4:04pm Mar 5, 2015 4:04pm
Quoting newzTrader
Can someone post the NFA id for cashbackforexusa.com? I don't want to start a new thread just for asking that. cashbackforexusa is not paying my rebates. I need to lodge a complaint.
Here is the link to their profile: https://www.nfa.futures.org/basicnet...pnmv3w%3d&rn=N

They are called Excel Markets, but they do business under cashbackforexusa
0 traders viewing now