Which Broker to choose for US resident?

Your = you're, so pity there is no option to edit post.

BoneTrader posted:
Your = you're, so pity there is no option to edit post.

yes there is..

ForexBrokerINC they accept US citizen with no- FIFO rules , hedging rules and no CFTC governing. Great reviews and bonuses.

Most of the US brokers do not offer good leverage and have a lot of conditions attached to opening an account.
 In case you want to open account and you are from US, I would recommend you to do your complete research and make your complete analysis before you do it.

BoneTrader posted:
Hi,

I've moved to USA couple of months ago and hope will stay here for a long term.

I wish to trade on Forex and as I know there are som especial regulations regarding US residents trading on Forex, so which broker should I look at, or maybe there is some good topic regarding Forex Trading for US residents that I ought to read?

Thanks for your help in advance, have Happy New Year!

P.S. Are here any traders from USA? :)

US brokers sucks
If you moved to US why dont you use your previous country to find proper broekr

@togr

Because non-US brokers usually do not let US residents to open accounts.

BoneTrader posted:
@togr

Because non-US brokers usually do not let US residents to open accounts.

@BoneTrader
the point is why dont you open account at broker with your passport of previous country?

I am an US resident and was thinking about trying out Forex Broker Inc or FxGlory.

Which one would you think would be the better broker?

I have read that FxGlory does not like to payout not sure if that's true.

I am just looking for a broker that has higher leverage than 50:1 and I want to be able to withdraw my profit with out any problems.

Your thoughts would be greatly appreciated.

price_action posted:
I am an US resident and was thinking about trying out Forex Broker Inc or FxGlory.

Which one would you think would be the better broker?

I have read that FxGlory does not like to payout not sure if that's true.

I am just looking for a broker that has higher leverage than 50:1 and I want to be able to withdraw my profit with out any problems.

Your thoughts would be greatly appreciated.

I dont think any of these is good.
FxGlory is very outdated similar to RVDMarkets which disappeared with clients money
FBI had account with them and got blocked for no obvious reason
There are better brokers read above

Well, Vipro Markets and Tallinex do not support US clients.
May be they did in the past, when I visit there website a message pop up and say's we do not support US-clients.

There are plenty of bad review on FxGlory and FBI brokers,I thought maybe there where people on myfxbook that have used them with better luck. If vontogr had problems with FBI I probably will to.

I guess I will keep looking.....

You can refer to this list mention on babypips (https://forums.babypips.com/forex-brokers/36221-going-offshore-escape-cftc.html ) to find the brokers that accept US clients.

Yes, tallinex has stopped accepting US clients in fact they sold their US clients Capital City Markets (CCM). And indeed this babypips link is very useful, you will come across very good offshore brokers having good reviews and offering trading conditions suitable to your trading styles.

togr posted:

BoneTrader posted:
Hi,

I've moved to USA couple of months ago and hope will stay here for a long term.

I wish to trade on Forex and as I know there are som especial regulations regarding US residents trading on Forex, so which broker should I look at, or maybe there is some good topic regarding Forex Trading for US residents that I ought to read?

Thanks for your help in advance, have Happy New Year!

P.S. Are here any traders from USA? :)

US brokers sucks
If you moved to US why dont you use your previous country to find proper broekr

I have the same problem. As a foreigner living in the US, I’m trying to figure it out if I can open an account with a broker that usually does not accept US residents.
Before doing that it’s important to find out how I’m supposed to pay tax on both countries.
I’m trying to find a professional who could answer some of my questions.
Does anyone know someone??

You can go with a good regulated broker that accepts clients from the US, or you can trade with offshore brokers as well. As long as a broker fulfills your trading requirements and seems legit it is fine

taskfries posted:
You can go with a good regulated broker that accepts clients from the US, or you can trade with offshore brokers as well. As long as a broker fulfills your trading requirements and seems legit it is fine

Exactly.
I believe good trading conditions are what matters the most in forex trading.

I want to suggest to you ZFX at first, but I did not pay attention to the US restriction ZFX is good but it does not accept US resident due to CFD nature for some particular product

Coinexx accept US clients, trading conditions are solid.

Some brokers do not accept US clients due to government regulations, but brokers outside this country are willing to accept clients around the world.

Depends if you want to submit to the confines of regulation or not. Bear in mind your funds aren't protected by the CFTC