Broker and regulations

I'm brazilian, living in the USA for a couple of years, Found myself interested in Forex, studied a lot, bought a great training and I've been having nice results on a demo account.
But before I move to the real one, I want to make sure I'm not breaking any law/regulation.

I'm looking for brokers with high leverage (200 or more), low spread and, if possible, low commission.

In my opinion there are 3 good brokers accepting US residents:
Forex.com: high spread, low leverage
IG.com: medium spread, low leverage
FXChoice.com: medium spread, good leverage
For scalping, the best combination is super low spread (6 points or less) and high leverage.

There are some brokers outside, offering much better terms.

Putting on short my questions:
1) - I'm trying to figure it out if there is a way to legally trade on one of those brokers (the ones with better terms, not accepting US residents). Maybe, because I'm brazilian, there is a way...
2) - Make sure I have all the information I need to properly file my tax when the time comes. Sometimes it's quite confusing and complex, at least to me.

I hope someone can point me the right direction to find what I need. Or maybe just tell me the kind of professional that could advise me.

Thanks for your attention.
All the best

The broker Amarkets offers good, high-quality, and most importantly effective bonuses, and you can find any suitable option for yourself.

Always choose regulated broker and test their services like spreads, leverage through demo account before investing any money.

Quange posted:
The broker Amarkets offers good, high-quality, and most importantly effective bonuses, and you can find any suitable option for yourself.

If you try to create an account it says 'This region is not available for registration', because I'm in the USA

SofieAndreasen posted:
Always choose regulated broker and test their services like spreads, leverage through demo account before investing any money.

One should surely think of being on a safer side with a regulated broker but then many of them do not provide everything which you wish for.

The brokers who are offering you low spreads tend to charge huge commissions on trades.

Brokers have a lot of help in achieving trading success, but if that broker does not provide you the right service, you will never be able to make a successful trading.

regulation is a very complicated issue when choosing a broker , generally we think only regulated broker can ensure security of funds , but in practical lots of regulated brokers still cheating with their clients.

Regulation of the broker is very important aspect. Every trader should check this before choosing a broker. Payment method and timing should also be checked. Because By doing this your money will be safe with the broker. Choose your broker wisely.

without using practically thats really difficult to recommend at any broker , because right now so many brokers are available in this market place.

donelderly posted:
The brokers who are offering you low spreads tend to charge huge commissions on trades.

Not all but yes there are many who do that. As per your requirements I can give you some names to choose from like Pepperstone, Etoro, Turnkeyforex and FXTM. These all are good. Gives you low spreads and has high leverages and most importantly does not charge much commissions. They can be a good choice.

In my opinion all retail traders will have to use offshore brokers if they want to use and decent leveraged accounts. The governments will put in rules to push the average retail trader out of the markets using higher leverage

bax699 posted:
In my opinion all retail traders will have to use offshore brokers if they want to use and decent leveraged accounts. The governments will put in rules to push the average retail trader out of the markets using higher leverage

I'd rather prefer regulated broker with low leverage than offshore with more leverage.

It is always recommended to use regulated brokers if you don’t want to put your money just anywhere. In case of any issues, you will always know whom to complain to.

I’m sure you’ll find some reputed brokers that provide lower spreads for trading. Make sure you go with platforms that suit your trading needs.

'I trade with FP Markets, an ASIC, Cysec and St.Vincent regulated broker that is also immune to leverage changes.

They have tighter spreads, and it is also one of the oldest brokers to be active since 2005.'

Regulations of a broker is very important. Before selecting a broker everyone should check its regulation very careful. Non regulated broker can create problem. That's why it's wise to choose a good regulated broker.

bax699 posted:
In my opinion all retail traders will have to use offshore brokers if they want to use and decent leveraged accounts. The governments will put in rules to push the average retail trader out of the markets using higher leverage

Using high leverage risky. Newbie should avoid using it.

Thanks for every advise and recommendation. About the last one, most recommended brokers do not accept U.S. resident.