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Leverage should ideally be volatility dependent, which is time frame dependent. So the key inputs to determine leverage are: 1) maximum capital at risk 2) volatility measure Here's an example (assuming only trading 1 position at a time): . risking maximum 1% of account per trade . $100k...

@comagnum this only applies to those US persons trading forex with leverage with IB as it is a SEC regulated broker. e.g. putting on a 1mio GBPUSD trade on a 500k account represents leverage, and such leverage is independent of any risk management measures. Are you a US resident trading...

Liquidity my friend, liquidity! Exotic currencies have wider spreads and are more easily manipulated. Coming from a London sales & trading background, I do state that manipulation does certainly take place. One should be extremely well informed to trade exotic pairs successfully.

Indeed. #6 is the kind of thing that needs to be discussed with a lawyer in person, not over the phone. Not because it is delicate, but rather because no lawyer would discuss this unless knowing the person. That would be on my next trip. In the meantime I thought to see if someone in the know...

Thanks @oversea. Excellent points. I will land with a newly-minted US resident visa, so I will become a US tax person as soon as I set foot in the country. Really hope all of Dodd-Frank goes down the drain, but they may just modify part of it, and who knows when. BVIs are relatively cheap. Would...

Thanks @dumpdadump. Its own funds exclusively for the moment. Had never heard of wire fraud before, but it doesn't seem applicable, as I wouldn't be taking anyone's money: criminal.findlaw.com/criminal-charges/wire-fraud.html. As said not sure lying to own's broker is illegal at all. The rule...

@oversea thanks very much for your input! No other extenuating circumstances. I simply married an American, the US is looking like my long term destination, and I do not want to mess with the IRS. Delaying relocating my IB account may not be a big deal, but I still plan to pay US taxes on it...

My own at the moment. Considering taking in family money (all non-US). Which is the same as client money from a legal perspective. This could be important as far as #6 goes.

Looks like a 5+ year move.

As most US forex traders already know, in 2016 a new SEC / dodd-frank rule prohibited US brokers regulated by the SEC to do forex with non-eligible contract persons (ECP); that is, no US forex clients with assets under USD 10 million. Interactive Brokers is SEC regulated and was thus affected by...