Forex brokers and living in the US

Apr 19, 2011 at 02:14
1,548 Views
11 Replies
Member Since Apr 15, 2011   97 posts
Apr 19, 2011 at 02:14
With all the regulation right now I am finding it difficult to find a broker, outside of the big guys such as FXDD, FXCM, and FXDD that take US residents.
What other ones are out there that take US residents?
zzzero
forex_trader_27988
Member Since Jan 26, 2011   1367 posts
Apr 19, 2011 at 21:30 (edited Apr 19, 2011 at 21:32)
Member Since Apr 10, 2010   11 posts
Apr 22, 2011 at 16:51
I am currently using Alpari US and Forex.com...Not thrilled but...
I'm demoing IBFX...they found a way around the FIFO for US..
Member Since Feb 15, 2010   54 posts
Apr 22, 2011 at 19:21
oanda
You will never go broke by taking profits
Member Since Nov 18, 2009   735 posts
Apr 22, 2011 at 19:25
Yeah, Oanda. Good broker /and I'm not saying this coz I'm on their payroll/
Surround yourself with people whose eyes light up when they see you and who have no agenda for your reform.
Member Since Apr 15, 2011   97 posts
Apr 22, 2011 at 21:10

shaunieok posted:
    I am currently using Alpari US and Forex.com...Not thrilled but...
I'm demoing IBFX...they found a way around the FIFO for US..

Did ibfx say how they managed that? I was looking at them. They seem ok at first glance. But for some reason there are things that make me twitch with them. Don't know why? Seems more like they put just enough information on there site without actually giving all the information.
Splexin
forex_trader_33781
Member Since Apr 11, 2011   202 posts
Apr 22, 2011 at 22:33
bwizard posted:
    oanda
I've used Oanda since I started trading. Great spreads for the most part. I made a buku on their price options, which is only on the FXTrade platform. But no hedging allowed and leverage is restricted to 50:1 🙃
Member Since Apr 14, 2011   72 posts
Apr 23, 2011 at 02:25
They all do backoffice accounting of FIFO rather than do it on MT4 platform. I recommend FinFX.
Nothing beats Integral liquidity solution and their ECN model.
Never ever ever give up!!!
Member Since Jan 14, 2010   556 posts
Apr 24, 2011 at 15:13

shaunieok posted:
I'm demoing IBFX...they found a way around the FIFO for US..


And how that works exactly?
Member Since Apr 10, 2010   11 posts
Apr 24, 2011 at 20:33
something to do with their backoffice..I don't know...get a demo and check it for yourself is my recommendation...
Oanda seems to have some larger spreads than others I use
Member Since Apr 15, 2011   97 posts
Apr 25, 2011 at 18:21 (edited Apr 25, 2011 at 18:22)
I joined finfx. I'm liking it so far. Got quick approval on the account with no issues what so ever. Back office area is rather basic. Only thing I seem to be missing is any type of list for a requotes, if they do requotes that is. Everything is instant minus a second in if something gags during the closeout of the order. Don't think I have seen a spread yet higher then 5.1. No FIFO restrictions and Hedging is allowed.
Member Since Dec 30, 2010   9 posts
Aug 06, 2011 at 03:50
Oanda...Everything about them is simple.

You ain't so bad, you ain't so bad, you ain't nothing. C'mon Champ, hit me in the face! My mom hits harder than you!
Sign In / Sign Up to comment
You must be connected to Myfxbook in order to leave a comment
*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.