I am Looking for a FXbroker that accepts USA clients

Jan 22, 2015 at 22:11
1,812 Views
20 Replies
Member Since Jan 15, 2014   30 posts
Jan 22, 2015 at 22:11
I am Looking for a broker that accepts USA clients.

It cant be ForexBrokerInc as they drop clients when they no longer need them. (This is a truth)

The Broker must we willing to accept low deposits.

Most peoplel think that larger deposits are better. The reality is the larger the deposit the larger the loss. Its better to work and build on a low deposit. That way if the blow your account you wont have to jump off the empire state building.

Anyway can someone offer suggestions.
Member Since Jan 30, 2012   20 posts
Jan 22, 2015 at 23:09
Species8472 posted:
Most peoplel think that larger deposits are better. The reality is the larger the deposit the larger the loss. Its better to work and build on a low deposit. That way if the blow your account you wont have to jump off the empire state building.

I think, the large of deposit is not related to the loss. When you still thinking like this, I think you still confused on how to manage your risk in trading. Why I think like that?

For example, if we manage an account with $ 100 and risk $ 10 in each trade. It is possible.
In other case, if we manage $ 1 million account and we only permitted to risk $ 10 in each trade, it is also possible.
So, there is no relation between your account size and your risk of loss.

Species8472 posted:
I am Looking for a broker that accepts USA clients.

It cant be ForexBrokerInc as they drop clients when they no longer need them. (This is a truth)

The Broker must we willing to accept low deposits.

Anyway can someone offer suggestions.

In chosing a broker, every trader has his/her own best. Some need security, some need low minimum deposit, some need low spread, and many other things. So, I think you must decide it by your self. My broker maybe not the best for you.

Good luck!
Member Since Nov 12, 2010   178 posts
Jan 23, 2015 at 02:45
I have been trading with Forex.com (New York based) but I have recently opened up an account with Oanda (Canada based) and they have better spreads and I believe are better overall. Both accept US clients, I am a US citizen myself.
See my profile or message me for my latest EA
Member Since Oct 04, 2014   4 posts
Jan 23, 2015 at 10:59
One broker that accepts US clients is Tallinex. I am a fund manager and most of my clients were transferred to Tallinex. This was recommended by FinFX which as of 30.01.2015 they will no longer accept US clients.
Plan to trade and trade your plan
Member Since Sep 24, 2013   38 posts
Jan 23, 2015 at 17:09
@ Topic Starter

Take a look to FinFx. They are fully regulated and accept US clients.
Member Since Feb 22, 2011   4862 posts
Jan 23, 2015 at 17:12
Species8472 posted:
I am Looking for a broker that accepts USA clients.

It cant be ForexBrokerInc as they drop clients when they no longer need them. (This is a truth)

The Broker must we willing to accept low deposits.

Most peoplel think that larger deposits are better. The reality is the larger the deposit the larger the loss. Its better to work and build on a low deposit. That way if the blow your account you wont have to jump off the empire state building.

Anyway can someone offer suggestions.
@Species8472
You are right FBI get rid of you as soon as you become profitable
However your statement
...The reality is the larger the deposit the larger the loss....
is funny. If you expect to lose then do not trade at all:)

Straight to the thing - try Tallinex, its taking US client after FinFx
RSTrading
forex_trader_139412
Member Since Jul 16, 2013   385 posts
Jan 23, 2015 at 18:32
You might also find what you are looking for here:

https://www.earnforex.com/mt4-forex-brokers/
Member Since Apr 20, 2013   167 posts
Jan 23, 2015 at 18:51
bestdarngood posted:
I have been trading with Forex.com (New York based) but I have recently opened up an account with Oanda (Canada based) and they have better spreads and I believe are better overall. Both accept US clients, I am a US citizen myself.

I am in Canada and had an account with Forex.com. I DO NOT RECOMMEND THIS BROKER!

They will tell you that all kinds of trading strategies are allowed but when you start making profit with them, they will kick you out without any reason.

I deposited $100 (even though they say $1000 is minimum) via credit card and started scalping. In two days I made $17.50. Next day I got this email:

Dear Mr. Luke,
 
Please accept this letter as formal notice regarding FOREX.com CA’s recent decision to close the above referenced FOREX.com CA account you hold with us and effectively terminate the customer agreement between your person and FOREX.com CA in full accordance with the agreement with such termination becoming effective as of the date of this letter.
 
As a result of a recent quality control review of your account activity, we determined we are no longer in a position to continue extending our services to you. As such, we have determined to close the account. Please note your account status has been changed to “Terminated” which bars further login and trading capabilities. Your account does not appear to have any open positions and has a current remaining balance of $117.50. You may withdraw these funds by completing the attached withdrawal request form.
 
Should you have any questions following this communication, please feel free in communicating directly to [email protected]

Regards,
 
Compliance Department | GAIN Capital


I emailed them back asking for a reason, and they didn't respond. A simple Google search tells us that this is their general practice. You make profits, they will kick you out because they are market makers. If you win, they will lose.
Member Since Jan 15, 2014   30 posts
Jan 29, 2015 at 03:44
Thnks for the responses. In regards to larger accounts what Im trying to relate is that more money does not mean more success neither does less money mean more success. If you have the skills you can take a little and turn it into a lot. But if you start with a lot and you happen to lose the pain would have been easir to bare on a smaller deposit size. If you have the skill then a large deposit wont hurt it will help to get you faster to where you want to be.

Thanks for the help.
Member Since Sep 09, 2014   65 posts
Jan 29, 2015 at 03:48
Some kind of brekers says for example:
'US citizens can open live accounts only under the condition that they are citizens of another country, or they are holders of a company which is incorporated in some other jurisdiction. '
like that for example...
There can't be enough money
Member Since Jan 15, 2014   30 posts
Jan 29, 2015 at 03:57
yea but if you are citizen of another country you have to have a non usa address and the money source has to come from outside the USA. That is not such an easy criteria to fill. The citizenship part is easy. The address is more challenging.
Member Since Dec 29, 2016   16 posts
Mar 16, 2017 at 07:10
Tallinex no longer accepts those in USA.
Member Since Dec 29, 2016   16 posts
Mar 16, 2017 at 07:10
Species8472 posted:
yea but if you are citizen of another country you have to have a non usa address and the money source has to come from outside the USA. That is not such an easy criteria to fill. The citizenship part is easy. The address is more challenging.

Not really. It is now easy to setup offshore LLC.
Member Since Feb 12, 2016   427 posts
Mar 16, 2017 at 15:45
fxmill posted:
Tallinex no longer accepts those in USA.

Well, I thought Tallinex received almost all of USA clients from FXCM – this means they DO accept US clients. Otherwise it doesn’t make any sense…
Accept the loss as experience
Member Since Mar 12, 2017   7 posts
Mar 20, 2017 at 08:27
I have found oanda pretty good
Member Since Jan 12, 2014   121 posts
Mar 20, 2017 at 09:30
I'm a US citizen. I have accounts with FXCM and OANDA. Unfortunately with these two the FIFO rules apply.
I do all my hedge trading with https://www.tradersway.com/?ib=1026665
They have low deposits, high leverage. Deposits are easy as are withdraws. Yes, I have withdrawn from them and have never had a problem. I think they might be the broker you're looking for.
You've gotta be in it to win it.
Member Since Feb 22, 2011   4862 posts
Mar 20, 2017 at 12:38
mrtodd posted:
I'm a US citizen. I have accounts with FXCM and OANDA. Unfortunately with these two the FIFO rules apply.
I do all my hedge trading with https://www.tradersway.com/?ib=1026665
They have low deposits, high leverage. Deposits are easy as are withdraws. Yes, I have withdrawn from them and have never had a problem. I think they might be the broker you're looking for.

While I do have great experience with Tradersway I cannot reccomend them as they are not properly regulated.
Member Since Jan 24, 2017   1 posts
Mar 21, 2017 at 07:57
FX Choice accepts US customers.
Member Since Feb 02, 2017   37 posts
Apr 12, 2017 at 07:54 (edited Apr 12, 2017 at 07:59)
Have good experience trading with lmfx and tradersway but trading with Finpro trading these days. They offer low margin requirements, tight spreads and no trading restrictions of any sort. Overall things are smooth so far and hope it remains that way.
Member Since Feb 22, 2011   4862 posts
Apr 12, 2017 at 08:23
darrengreg posted:
Have good experience trading with lmfx and tradersway but trading with Finpro trading these days. They offer low margin requirements, tight spreads and no trading restrictions of any sort. Overall things are smooth so far and hope it remains that way.

Quite dont understand how they can be regulated in US and offer 1:400 leverage.
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