USA Brokers?

HI Are there any USA brokers for autotrade?

Yea I do see there is some brokers for USA but what broker do you guys recommend that takes USA Clients?

LMFX are good

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

Can a US citizen legally use Tradersway?

I can see mostly (85%) bad reviews for Tradersway, not sure why you are interested to know...

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.

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.

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...

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.

LMFX are good

TiffanyK posted:
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...

You are right! They are very restricted for Forex trading, and so many standard live trading facilities and features are not available there.

Jaymez posted:
HI Are there any USA brokers for autotrade?

You can easily find USA Broker yourself on google.com

And before select, any broker check reviews, rating, and reputation on different sites and compare with other brokers

ClearPicture posted:
Can a US citizen legally use Tradersway?

I hope so because I have been for 4 years now. No issues with them so far.

As others have mentioned there are limited options in the United States due to regulations, primarily Net Capital requirements which are $20 million. To put that in comparison most other jurisdictions require $1-2 million.

Forex.com, Oanda, TD Ameritrade, and Interactive Brokers are the only regulated ones. All others are operating illegally.

I would also check out Forest Park FX. They helped me find a broker.

and regulation. Never forget regulation!!

Scotty888 posted:
and regulation. Never forget regulation!!

No way, which country do you live in, that doesn’t mean much; you have to make sure the regulation.

Forex broker is a big deal to ensure a complete trading life, because the broker can affects the result of our trading with certainly. we should choose the broker which is more appropriate to the concept of trading that will be used , if you love doing scalping should choose the broker that allows trading concept such as this.

Mohammadi posted:
Forex broker is a big deal to ensure a complete trading life, because the broker can affects the result of our trading with certainly. we should choose the broker which is more appropriate to the concept of trading that will be used , if you love doing scalping should choose the broker that allows trading concept such as this.

Correct; we basically need to select the trading broker according to our own trading requirements.