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Broker and regulations

Lucrum Gaudium (paulorfo)
Feb 13 2021 at 22:42
5 inlägg
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
Quange
Feb 14 2021 at 09:23
25 inlägg
The broker Amarkets offers good, high-quality, and most importantly effective bonuses, and you can find any suitable option for yourself.
SofieAndreasen
Feb 14 2021 at 17:20
759 inlägg
Always choose regulated broker and test their services like spreads, leverage through demo account before investing any money.
Lucrum Gaudium (paulorfo)
Feb 14 2021 at 17:38
5 inlägg
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
ReaderTrimble33
Feb 20 2021 at 11:13
20 inlägg
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.
donelderly
Feb 20 2021 at 12:58
22 inlägg
The brokers who are offering you low spreads tend to charge huge commissions on trades.
AliaDare
Feb 21 2021 at 02:40
788 inlägg
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.
Tradelist45
Feb 21 2021 at 04:40
248 inlägg
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.
UweMoench
Feb 21 2021 at 06:16
751 inlägg
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.
Adribaasmet
Feb 21 2021 at 08:29
994 inlägg
without using practically thats really difficult to recommend at any broker , because right now so many brokers are available in this market place.
ReaderTrimble33
Feb 22 2021 at 10:30
20 inlägg
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.
Lee Baxter (bax699)
Feb 22 2021 at 10:54
29 inlägg
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
Jude_craig
Feb 24 2021 at 06:48
81 inlägg
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.
gookerjohnson
Mar 03 2021 at 10:21
18 inlägg
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.
marioharmon
Mar 23 2021 at 09:53
15 inlägg
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.
Ramierez
Mar 25 2021 at 12:18
30 inlägg
'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.'
Michihito
Mar 25 2021 at 12:59
298 inlägg
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.
LyudmilLukanov
Mar 25 2021 at 13:06
809 inlägg
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.
Lucrum Gaudium (paulorfo)
Mar 25 2021 at 13:31
5 inlägg
Thanks for every advise and recommendation. About the last one, most recommended brokers do not accept U.S. resident.
melbaortega
Apr 08 2021 at 09:34
15 inlägg
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.
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