Best Broker for U.S. Retail Traders?

These guys seem to imply that SEC regulation is more legit than NFA/CFTC or something and that's a very flimsy point to make and it just strikes me like they just have their own agenda to steer you to their firms.
 
Did You personally trade them to see how they handle quotes, requotes, SWAP rates, slippage and price spike and above all Withdrawl policies? When you say "Many Traders" do you know their personal experience?

In both the USA and many countries in Europe (Under ESMA) the regulators have lowered leverage to avoid situations that we had with the Swiss Franc where many had negative balances that many experienced.


Yes, I traded through them myself for long time.
I did not see problems you mentioned at my brokers.
We also have online forum that traders exchange information about those brokers. Any issue from any broker would be posted on forum to alert traders.

https://forums.babypips.com/t/going-offshore-to-escape-the-cftc/35612
 
...And they have little to do with SEC, they're regulated by NFA and CFTC.

...Did I ask for SEC broker-dealers?


...bbbbbb but they are not SEC broker-dealers!

So, lentus, you agree with this forum link, which is specific to babypips.com/t/going-offshore-to-escape-the-cftc/...

So you agree with him, or not? Is the CFTC worthy of your business in your spot forex world, which is not regulated by anyone?
 
Yes, I traded through them myself for long time.
I did not see problems you mentioned at my brokers.
We also have online forum that traders exchange information about those brokers. Any issue from any broker would be posted on forum to alert traders.

https://forums.babypips.com/t/going-offshore-to-escape-the-cftc/35612

These brokers that are offshore are not allowed to legally accept USA customers or Residents. Period.
The fact that they do tells me everything about them.
If they are not concerned with breaking the legal requirements above then why would they be concerned with providing fair trading conditions, let alone in a market where most market makers stand against their customers trading. Anyway, trade where you wish, these are only my 2 cents.
 
They are not allowed to "solicit" US customers, but if US traders come to them, and they accept , that will be no problem.
The situation is similar to online poker. US authorities don't like offshore pokerooms to take US customers, but they can't prevent US sitizens from playing online poker at offshare pokerooms.
However, US poker players and US traders are both well serviced at offshare pokerooms and offshare brokers.


Those forex brokers allowed to legally operate in US offer far worse trading conditions than their offshore counterparts. That is why we go to offshare.

BTW, most of those offshare brokers are ECN types brokers that don't bet against customers.The brokers who bet against customers offer fixed spread.
All the brokers in our list offer variable spread.
 
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They are not allowed to "solicit" US customers, but if US traders come to them, and they accept , that will be no problem.

OK, dude, don't be ridiculous. They are breaking US law by accepting US customers, period. Let's just say they're careful with their travel plans to avoid extradition to US.
 
OK, dude, don't be ridiculous. They are breaking US law by accepting US customers, period. Let's just say they're careful with their travel plans to avoid extradition to US.


Who care.
If someone is caught, plenty people behind would line up.
I am happy as long as I have a good broker to trade.
 
They are not allowed to "solicit" US customers, but if US traders come to them, and they accept , that will be no problem.
The CFTC will issue a notice to any Forex Dealer that is not licensed in the USA.
Research CFTC going after Tallinex is Estonia, JAFX in Bulgaria, etc.
These are countries you referring to as "offshore" gets their bank account Frozen when the CFTC goes after them. Try and get your funds out then. Anyway, I am done on the topic because I would never encourage any (reasonable) trader to leverage 1:500 that yields bad gambling like results.
 
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