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USA Brokers?
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Jaymez

Member Since May 13, 2017  1 posts Jaymez May 17 2017 at 06:44 (edited May 16 2017 at 15:40 )
HI Are there any USA brokers for autotrade?

CaseyRedDragon9

Member Since May 25, 2017  2 posts CaseyRedDragon9 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?

BarryMoore

Member Since Mar 17, 2017  10 posts BarryMoore Jun 04 2017 at 06:19
LMFX are good

Aletheia

Member Since Mar 16, 2017  2 posts Aletheia 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

ClearPicture

Member Since Apr 07, 2017  13 posts ClearPicture Jun 07 2017 at 06:25
Can a US citizen legally use Tradersway?

TiffanyK

Member Since Feb 12, 2016  427 posts Tiffany (TiffanyK) 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
Aletheia

Member Since Mar 16, 2017  2 posts Aletheia 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.

AniLorak

Member Since Apr 18, 2017  864 posts AniLorak 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.

TiffanyK

Member Since Feb 12, 2016  427 posts Tiffany (TiffanyK) 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
Wildbill

Member Since Aug 12, 2015  33 posts Wildbill 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.

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