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Broker needed for USA clients. Must allow hedging and participate in rebates.
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Member Since Nov 25, 2010 12 posts
TacticalFX (mkeysor)
May 29 2012 at 21:16
I would say FinFX is going to be your best choose if you're hedging. That's who I'm with and all my trading involves hedging. There's a few IB's that give rebates for them, Rebates Forex has the best rebate rates, but I haven't looked super hard so I'm not 100%.
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Member Since Oct 28, 2011 25 posts
www.forexproptrader.com (forexproptrader)
May 29 2012 at 21:27
Why not try a USA broker? CFTC has made it clear that USA traders can only legally trade with USA FX brokers. There are USA brokers that allow hedging and rebates on your volume.
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Member Since Nov 25, 2010 12 posts
TacticalFX (mkeysor)
May 29 2012 at 21:40
The only US broker that I know you can hedge with, at least on the demo accts, is FXDD. But they don't call it hedging. Who are these brokers? I know you can't with IBFX.
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Member Since Sep 04, 2009 25 posts
PayPip (PayPip)
May 30 2012 at 01:08
mkeysor posted: The only US broker that I know you can hedge with, at least on the demo accts, is FXDD. But they don't call it hedging. Who are these brokers? I know you can't with IBFX. A hedge is nothing more than reducing risk with an offsetting investment. You can hedge with any broker. The only thing you can't do is take up opposite potions on the same pair. I just trade. |
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Member Since Nov 25, 2010 12 posts
TacticalFX (mkeysor)
May 30 2012 at 05:29
PayPip posted: A hedge is nothing more than reducing risk with an offsetting investment. You can hedge with any broker. The only thing you can't do is take up opposite potions on the same pair. Yes, I understand that. But when brokers talk of allowing hedging or not they are talking about opposite positions with the same pair. I make good side money with an EA and it hedges opposite with the same pair. So US brokers don't work for me, but maybe FXDD. It works on their demo accts. |
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Member Since Dec 15, 2010 396 posts
www.Professor53.com (Professor53)
May 30 2012 at 06:20
Im still looking for rebates and hedging for a USA client.. Me and thousands of us are looking.
Click on my Name to see My Live Charts and Bio. |
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Member Since Dec 15, 2010 396 posts
www.Professor53.com (Professor53)
May 30 2012 at 06:21
I love HOtforex and thier program. BUT, I hear they are closing all current usa clients out on June 2.
Click on my Name to see My Live Charts and Bio. |
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Member Since Oct 27, 2009 31 posts
Bill (BillP)
May 30 2012 at 11:57
Just be careful with FXDD. I am now in my 14th day waiting for my withdrawl from them.
On the phone yesterday with them and first they tried to say that the withdrawl went to my bank on May 17 and that it is my banks fault. Once I explained to them that the banks did not receive the funds, they put me on hold for 24 minutes, then came back and said, 'Interesting, we will look into it, we may have made a mistake on our end, we will have to get back to you'. Very shady, very very shady. Going to CFTC within 24 hours if the funds are not in my account. Just be aware. Your only as good as your current trade |
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Member Since May 08, 2012 1 posts
kpearson
May 30 2012 at 18:27
Professor53 posted: Im still looking for rebates and hedging for a USA client.. Me and thousands of us are looking. mkeysor gave good advice. FinFx will have very similar spreads to Hot Forex, they accept US clients, allow you to hedge the same pair, offer 200:1 (unlike US brokers that can only offer 50:1), and you can sign up an account through an IB and get rebates. Google search 'FinFx rebates' and you'll find one. I was with Hot Forex, like you, and decided FinFx was going to be the closet thing to it that still accepted US clients. |
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Member Since Nov 11, 2009 22 posts
Forex Investment Group/ Roberto Santori (forexboy)
May 31 2012 at 13:11
I agree with mkeysor. Finfx is by far the best choice. I opened a Pamm account mt 4 platform is as good as any. Would like to see more pairs and Indices but they offer Gold and silver. Easy to open account , all done online. I was approved in hours after I scanned and emailed the IDs and bank statement..
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