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Broker needed for USA clients. Must allow hedging and participate in rebates.

Professor53
May 26 2012 at 00:54
795 ieraksti
Looking for a Broker that allows USA clients ( me and many others). Must allow hedging and allows rebates. Id like to have great leverage and small start up deposit for the average Joe. I have a home built EA that goes through alot of pips in trading, to make a good profit. ( 6 pairs) s, a rebate would be nice to maximize my bank balance and growth. I may be dreaming of this type of broker, but im trying. Small pip spread on the majors would be a bonus. Thanks Garry

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Forex Investment Group/ Roberto Santori
forexboy
May 26 2012 at 11:37
22 ieraksti
you are dreaming my friend.. Forex is dead for US clients as far as all the advantages for so many years we were able to enjoy.. Move to another country. You just need residency and a bank account

Professor53
May 26 2012 at 19:20
795 ieraksti
Thanks..smile. Im exploring Hotforex and FxOptimax They dont advertise USA clients but offer 'other' country as a option.

Click on my Name to see My Live Charts and Bio.
Forex Investment Group/ Roberto Santori
forexboy
May 26 2012 at 19:54
22 ieraksti
Hot forex is no longer accepting US clients and all existing US clients accounts are being closed June 5th

www.finfx in finland accepts US Clients but they have 7.00 commission fee per 100k traded

TacticalFX (mkeysor)
May 26 2012 at 20:56
12 ieraksti
FinFX does accepts US clients, they charge a 7 commission per roundturn lot ONLY on ECN accounts. Their micro accounts do not charge commission, but the spreads are still very good. This is an awesome broker spread tool myfxbook has: https://www.myfxbook.com/forex-broker-spreads.

They offer 200:1 leverage, They allow hedging and EA's. I haven't traded with them for too long because I was with Hot Forex until they said they stopped accepting US clients, but have been really impressed with their customer service.

I use a VPS and have great execution, I use Commercial Network Services. Here's their broker latency chart: https://helpdesk.commercialnetworkservices.net/index.php?_m=knowledgebase&_a=viewarticle&kbarticleid=174

You asked about rebates, I use Rebates Forex gives .24 pip back on Micro accts and $.60 back on ECN per lot. They usually pay me before the 10th of the month. https://www.rebatesforex.com/brokers/finfx

forexsoftwareshop.com
May 27 2012 at 12:35
13 ieraksti
I watch that much, as things have been advantageous to be a U.S. citizen. This applies to forex, casino, bank accounts and other things.

www.forexproptrader.com
May 28 2012 at 23:16
25 ieraksti
There are several decent USA mt4 brokers available that will allow rebates on your trading volume. Please let me know if you are still searching for one.

Professor53
May 29 2012 at 05:33
795 ieraksti
THANKS SO MUCH.

Click on my Name to see My Live Charts and Bio.
TacticalFX (mkeysor)
May 29 2012 at 06:15
12 ieraksti

   forexproptrader posted:
   There are several decent USA mt4 brokers available that will allow rebates on your trading volume. Please let me know if you are still searching for one.

That's true there are several decent USA brokers, but the Professor is looking for the ability to hedge as well, which isn't allowed under Dodd-Frank. But I believe you can with FXDD, they don't call it hedging though and they have it reported different to follow FIFO rules. I'm currently 'hedging' on a FXDD demo acct, it might not work when it comes to their live accounts, you'll have to try it out for yourself. Or if anyone else has experience of 'hedging' on a FXDD live acct, chime in.

One simple way to get around this is to have $10 million invested and then you don't have to play by the CFTC rules. Easy enough right? I'm glad they're looking out for the smaller investors. Sarcasm? Possibly...

Professor53
May 29 2012 at 19:05
795 ieraksti
Im hedging with a 2nd and 3 pair. But I cant trade with first in and first out ruling.

Click on my Name to see My Live Charts and Bio.
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