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Broker and regulations
Ahli sejak Sep 02, 2020
5 hantaran
Feb 13, 2021 at 22:42
Ahli sejak Sep 02, 2020
5 hantaran
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
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
Ahli sejak Dec 28, 2020
25 hantaran
Feb 14, 2021 at 09:23
Ahli sejak Dec 28, 2020
25 hantaran
The broker Amarkets offers good, high-quality, and most importantly effective bonuses, and you can find any suitable option for yourself.
Ahli sejak Jul 23, 2020
759 hantaran
Feb 14, 2021 at 17:20
Ahli sejak Jul 23, 2020
759 hantaran
Always choose regulated broker and test their services like spreads, leverage through demo account before investing any money.
Ahli sejak Sep 02, 2020
5 hantaran
Feb 14, 2021 at 17:38
Ahli sejak Sep 02, 2020
5 hantaran
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
Ahli sejak Jul 19, 2020
788 hantaran
Feb 21, 2021 at 02:40
Ahli sejak Jul 19, 2020
788 hantaran
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.
Ahli sejak Jun 26, 2020
327 hantaran
Feb 21, 2021 at 04:40
Ahli sejak Jun 26, 2020
327 hantaran
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.
Ahli sejak Jul 19, 2020
751 hantaran
Feb 21, 2021 at 06:16
Ahli sejak Jul 19, 2020
751 hantaran
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.
Ahli sejak Aug 27, 2017
994 hantaran
Feb 21, 2021 at 08:29
Ahli sejak Aug 27, 2017
994 hantaran
without using practically thats really difficult to recommend at any broker , because right now so many brokers are available in this market place.
Ahli sejak Oct 23, 2018
29 hantaran
Feb 22, 2021 at 10:54
Ahli sejak Oct 23, 2018
29 hantaran
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
Ahli sejak Dec 05, 2020
81 hantaran
Feb 24, 2021 at 06:48
Ahli sejak Dec 05, 2020
81 hantaran
bax699 posted:I'd rather prefer regulated broker with low leverage than offshore with more leverage.
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
Ahli sejak Dec 17, 2020
15 hantaran
Mar 23, 2021 at 09:53
Ahli sejak Dec 17, 2020
15 hantaran
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.
Ahli sejak Aug 28, 2020
37 hantaran
Mar 25, 2021 at 12:18
Ahli sejak Aug 28, 2020
37 hantaran
'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.'
They have tighter spreads, and it is also one of the oldest brokers to be active since 2005.'
Ahli sejak Jul 19, 2020
298 hantaran
Mar 25, 2021 at 12:59
Ahli sejak Jul 19, 2020
298 hantaran
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.
Ahli sejak Jul 23, 2020
869 hantaran
Mar 25, 2021 at 13:06
Ahli sejak Jul 23, 2020
869 hantaran
bax699 posted:Using high leverage risky. Newbie should avoid using it.
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
Ahli sejak Sep 02, 2020
5 hantaran
Mar 25, 2021 at 13:31
Ahli sejak Sep 02, 2020
5 hantaran
Thanks for every advise and recommendation. About the last one, most recommended brokers do not accept U.S. resident.
Ahli sejak Jan 07, 2021
15 hantaran
Apr 08, 2021 at 09:34
Ahli sejak Jan 07, 2021
15 hantaran
I’m sure you will find brokers with a high leverage and if they meet all your trading needs, you should open an account with them.
Ahli sejak Mar 17, 2021
536 hantaran
Apr 14, 2021 at 18:24
Ahli sejak Mar 17, 2021
536 hantaran
Daniel993 posted:There are many fake brokers in the market. So, you should be very careful at the time of choosing broker for you.
Regulation is important in a broker, and trading with either an ASIC or FCA brokers like FP Markets or FXCM, in my personal opinion is a good choice for traders.
Ahli sejak Apr 03, 2021
470 hantaran
Apr 14, 2021 at 23:01
Ahli sejak Apr 03, 2021
470 hantaran
Regulation is an important factor when choosing a broker, but as I know not all brokers that regulated outside the US do not accept clients from US residents, maybe because of different rules in regulation, I don't know. now I use FXOpen as I know regulated in ASIC, FCA, and Cysec, already 15 years in the market.
Ahli sejak May 13, 2020
128 hantaran
Apr 15, 2021 at 07:49
Ahli sejak May 13, 2020
128 hantaran
Based on the experience of working with different brokers, I can say that Amarkets wins on many points and is quite safe, especially in terms of withdrawing funds, which can be carried out 24/7.
Ahli sejak Oct 16, 2020
137 hantaran
Apr 15, 2021 at 11:04
Ahli sejak Oct 16, 2020
137 hantaran
Daniel993 posted:FP markets is a good broker but it doesn’t provide trading services to residents of the US.
Regulation is important in a broker, and trading with either an ASIC or FCA brokers like FP Markets or FXCM, in my personal opinion is a good choice for traders.
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