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Looking for a new broker

AussieTrader
Jul 06 2011 at 18:07
4 posts
Looks like Uncle Sam has got his talons into AAAfx and they are booting out the US clients. Can anyone here recommend a good broker that allows a margin better than 50:1.
Needs to be able to run metatrader

partnerfx (partnerfx)
Jul 06 2011 at 23:33
17 posts
US clients are getting less options. Too bad.

PipGnostic
TheCyclist
Jul 07 2011 at 00:27
724 posts
AT,

You need to clarify if you are a US citizen or not. If you're not then it's easy, if you are, you've got a big problem.

If you are in Ozzy based there is Go Markets and IBFX in Ozzy.

Dendee
dendee
Jul 07 2011 at 03:16
34 posts
Agreed with The Cyclist, currently i've 3 managed account on gomarket, and 4 managed account on IBFXAU, as a trader, i've satisfied with their service.

AussieTrader
Jul 08 2011 at 14:04
4 posts
No, I am in the US. Started a FXPro account and then had a Go Market account for a while until they booted me too. Not a lot of options left for us stupid americans that cant manage our own money (according to the US government).

I really think it is the way the US establishment wants to keep americans as slaves. Slaves to the time clock, making us believe earning 0.1 percent interest on our savings accounts is a 'good safe investment'. Yes, slavery is alive and prosporous in the USA, just packaged differently and it includes all races.

PipGnostic
TheCyclist
Jul 08 2011 at 14:48
724 posts
You are pretty much buggered then.

Have to go the IBC route.

Dendee
dendee
Jul 08 2011 at 14:56
34 posts
For US clients i will choose HotForex or TadawulFX as the broker. they can accept US client....No problem found so far

AussieTrader posted:
    No, I am in the US. Started a FXPro account and then had a Go Market account for a while until they booted me too. Not a lot of options left for us stupid americans that cant manage our own money (according to the US government).

I really think it is the way the US establishment wants to keep americans as slaves. Slaves to the time clock, making us believe earning 0.1 percent interest on our savings accounts is a 'good safe investment'. Yes, slavery is alive and prosporous in the USA, just packaged differently and it includes all races.

partnerfx (partnerfx)
Jul 08 2011 at 21:06
17 posts

AussieTrader posted:
    No, I am in the US. Started a FXPro account and then had a Go Market account for a while until they booted me too. Not a lot of options left for us stupid americans that cant manage our own money (according to the US government).

I really think it is the way the US establishment wants to keep americans as slaves. Slaves to the time clock, making us believe earning 0.1 percent interest on our savings accounts is a 'good safe investment'. Yes, slavery is alive and prosporous in the USA, just packaged differently and it includes all races.


I think US is doing a lot of favor to US traders because higher leverage kills accounts a lot faster because most Forex traders are not disciplined enough to trade. How many Forex traders can really make 0.1% per year from trading forex? That is why I never encourage anyone to trade Forex.

forex2u
Jul 09 2011 at 01:31
10 posts
EES FX is ECN broker...PM me

Splexin
Jul 09 2011 at 17:36
202 posts
AussieTrader posted:
    No, I am in the US. Started a FXPro account and then had a Go Market account for a while until they booted me too. Not a lot of options left for us stupid americans that cant manage our own money (according to the US government).

I really think it is the way the US establishment wants to keep americans as slaves. Slaves to the time clock, making us believe earning 0.1 percent interest on our savings accounts is a 'good safe investment'. Yes, slavery is alive and prosporous in the USA, just packaged differently and it includes all races.


lol....then move to another country. No joke, I've known a few Forex traders who moved to Australia and South Africa because they got tired of the U.S. nonsense. Things are just going to get tighter and fewer offshore brokers will be taking U.S. clients, so either accept it or leave. That's just the way it is.

I am with Oanda and though leverage is limited to 50:1, it is PLENTY enough for me. If your trading system is good enough and you utilize a wise money management strategy then you can make money, no problem. I looked at your demo, you seem to be doing good, so why do you want more margin? When I hear people whine about the leverage the first thing that comes to my mind are arbitrage scalpers or people who just gamble high. I know it can be frustrating with all the regulations and limitations, but the truth is that you really should not be risking more than 2-3% at a time and you only need 10:1 or 5:1 leverage for that.

P.S. Oanda (MM btw) runs MT4 and unlike many brokers, the platform DOES NOT FREEZE during news. Also, open trading starts earlier than most brokers (I think 2 PM EST on Sundays). And spreads tend to be reasonable. It's wonderful.

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