Jun 02 2017 at 09:27
Yea I do see there is some brokers for USA but what broker do you guys recommend that takes USA Clients?
Jun 04 2017 at 06:19
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
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
Jun 07 2017 at 06:25
Can a US citizen legally use Tradersway?
I can see mostly (85%) bad reviews for Tradersway, not sure why you are interested to know...
Accept the loss as experience
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...
Accept the loss as experience
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.
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.
