Good US FX Brokers?

M.W. said:
Plus you get less leverage.
More...

If my math isn't wrong the leverage isn't too bad?

With AMP for example you need $600 margin for 1 futures contract that represents EUR/USD, 1 futures contracts means $12.5 per pip, which equals to 1.25 forex lots. That means the leverage is just over 200:1.
 
FTDK said:
If my math isn't wrong the leverage isn't too bad?

With AMP for example you need $600 margin for 1 futures contract that represents EUR/USD, 1 futures contracts means $12.5 per pip, which equals to 1.25 forex lots. That means the leverage is just over 200:1.
More...

No, the 6E is $6.25 per tick. They halved the 6E tick value 6-7 years ago.
 
Overnight said:
No, the 6E is $6.25 per tick. They halved the 6E tick value 6-7 years ago.
More...

Yes, per tick, one tick these days on 6E is half a pip, so that's still $12.5 per pip.

A pip is .0001 movement, everything smaller than that is a tick.
 
Overnight said:
Ahh, didn't know FX had half-pips.
More...

In futures the minimum increment (at least for 6E) is .00005 these days, in FX i think it is as low (at least for EUR/USD) as .00001, depending on the broker.

Could have been changed again, it's been a long time since i have traded regular FX.
 
proftradingjourney said:
Not a lot of brokerage options for FX traders in the US basically IG, Forex.com, Oanda, TDA, IBKR (but for instns), all except for IBKR are pure market makers with mixed reputations at best. Pretty high spreads too.

If you trade FX in the US with any of these brokers how was/is your experience with them? I've also been looking at offshore brokers but they're also quite shady and totally unregulated.

If you know of any other US FX broker or a broker that accepts US clients that you've personally had a good experience with / has a good reputation please share it.
More...
Its best not to mention cfd fraud brokers like IG Markets here, its the reason Americans are not allowed to trade those in the States. You have to learn, not only how to make money, but also need to learn how to fight your broker.

Update: not sure Im right here, just Googled a bit around, but the last sentence above you need to remember
 
Last edited:
You must log in or register to reply here.
Back
Top