How many USA based forex traders on this board ?

[Coner1980]

there is a reason for that. Most forex brokers lost their licenses in US for the simple fact that they were just Bucket shops. They thrive outside US by picking their customers pockets. Most who trade currencies (me and my partners do) in the US use CME currency futures. If one is big enough, you can trade spot at banks.

Right, most of these buckets shops are now run away but still, we should be careful and do not invest our valuable money in these type of scammers.

 

[Saxio]

IB does still offer FX in the USA. However as an SEC firm they have onerous requirements. I think that it is $10mm in your account unless you meet a number of exceptions. Being series 7 licensed works if that applies.

looks that is out of reach from the average Joe 6pack