USA Brokers?

May 17, 2017 at 06:44
3,149 Views
62 Replies
Member Since May 13, 2017   1 posts
May 17, 2017 at 06:44 (edited May 16, 2017 at 15:40)
HI Are there any USA brokers for autotrade?
Member Since May 25, 2017   2 posts
Jun 02, 2017 at 09:27
Yea I do see there is some brokers for USA but what broker do you guys recommend that takes USA Clients?
Member Since Mar 17, 2017   10 posts
Jun 04, 2017 at 06:19
LMFX are good
Member Since Mar 16, 2017   2 posts
Jun 06, 2017 at 06:55
Oanda and Forex.com are the 2 main ones. They are both OK. They work best when you trade from Tradingview.

Offshore but not regulated is Tradersway. They have been fine and no troubles except they stopped using c-Trader which was my preferred platform.

Hope that helps.

Cheers
Member Since Apr 07, 2017   13 posts
Jun 07, 2017 at 06:25
Can a US citizen legally use Tradersway?
Member Since Feb 12, 2016   427 posts
Jun 08, 2017 at 15:26
I can see mostly (85%) bad reviews for Tradersway, not sure why you are interested to know...
Accept the loss as experience
Member Since Mar 16, 2017   2 posts
Jun 13, 2017 at 07:30
I believe yes but I am not a lawyer. You do need to report your account to the IRS to keep things above board. Hope it helps.
Member Since Apr 18, 2017   920 posts
Jul 02, 2017 at 06:37
BarryMoore posted:
LMFX are good

Yes, it was a good broker; but recently there have so many complains about this broker! I see, so many negative reviews on several review sites! Besides, they have only 3 starts on FPA.
Member Since Feb 12, 2016   427 posts
Jul 03, 2017 at 14:43
Maybe it is better to autotrade with a broker not from US - their regulations are getting really tight every day/week/month. Therefore US brokers' conditions are becoming worse for the clients...
Accept the loss as experience
Member Since Aug 12, 2015   40 posts
Jul 04, 2017 at 06:38
If you are in the US you almost have to trade with a U>S. broker because of government regulations.
This is not necessarily a bad thing. Some regulations are there to protect you, even if they seem burdensome. Trying to get around the rules as a US citizen is difficult and often winds up badly if the broker picked overseas isn't stable.

I have been trading with Oanda for a long time. They are stable and competitive for all trading account sizes. They have some new plans for lower spreads for traders with relatively high accounts.

The best advice i can give to a newcomer to FX trading is to get yourself into a mentoring and education program to learn why the market moves as it does and when it is time to enter and exit/. The market is not random chaos. It is controlled and directed by big banks and other big boys who have an agenda. If you can learn what their agenda is, you can piggyback on their trading.
Member Since May 05, 2017   15 posts
Jul 04, 2017 at 10:05
LMFX are good
Member Since Apr 18, 2017   920 posts
Jul 11, 2017 at 06:21
TiffanyK posted:
Maybe it is better to autotrade with a broker not from US - their regulations are getting really tight every day/week/month. Therefore US brokers' conditions are becoming worse for the clients...

You are right! They are very restricted for Forex trading, and so many standard live trading facilities and features are not available there.
Member Since Mar 26, 2018   31 posts
Sep 10, 2018 at 14:31
Jaymez posted:
HI Are there any USA brokers for autotrade?

You can easily find USA Broker yourself on google.com

And before select, any broker check reviews, rating, and reputation on different sites and compare with other brokers

Member Since May 10, 2018   90 posts
Sep 11, 2018 at 14:52
ClearPicture posted:
Can a US citizen legally use Tradersway?

I hope so because I have been for 4 years now. No issues with them so far.
Member Since Nov 13, 2014   13 posts
Sep 11, 2018 at 14:52
As others have mentioned there are limited options in the United States due to regulations, primarily Net Capital requirements which are $20 million. To put that in comparison most other jurisdictions require $1-2 million.

Forex.com, Oanda, TD Ameritrade, and Interactive Brokers are the only regulated ones. All others are operating illegally.

I would also check out Forest Park FX. They helped me find a broker.
Member Since Aug 31, 2018   12 posts
Sep 11, 2018 at 14:57
and regulation. Never forget regulation!!
Member Since Apr 18, 2017   920 posts
Dec 28, 2018 at 07:45
Scotty888 posted:
and regulation. Never forget regulation!!

No way, which country do you live in, that doesn’t mean much; you have to make sure the regulation.
Member Since Aug 11, 2017   886 posts
Dec 28, 2018 at 10:34
Forex broker is a big deal to ensure a complete trading life, because the broker can affects the result of our trading with certainly. we should choose the broker which is more appropriate to the concept of trading that will be used , if you love doing scalping should choose the broker that allows trading concept such as this.
Member Since Apr 18, 2017   920 posts
Dec 28, 2018 at 12:40
Mohammadi posted:
Forex broker is a big deal to ensure a complete trading life, because the broker can affects the result of our trading with certainly. we should choose the broker which is more appropriate to the concept of trading that will be used , if you love doing scalping should choose the broker that allows trading concept such as this.

Correct; we basically need to select the trading broker according to our own trading requirements.
Member Since Aug 09, 2017   785 posts
Feb 12, 2019 at 11:14
I think choosing a local government –sanctioned forex broker in our own city city/town should be our first priority, unless there isn’t any... And go visit the office before or when opening an account m if possible
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