Interactive Brokers and Forex

eastern_warrior said:
You're wrong on that I think. As IB is SEC and CFTC licensed and regulated, they fall under those rules and must follow the higher minimum net worth (ditto for any other broker). Oanda isn't beholden to the regulations of the securities and futures regulators and hence doesn't need to have that requirement.
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Oanda is actually registered NFA and with the CFTC, RFED, and FDM. They're very beholden to the regulatory scrutiny of America. Do you mean for dealers offering other securities than forex?
 
It's obvious U.S. is not the ideal place for Forex traders in general. That's why gave up moving to U.S. My FX broker is Switzerland based Dukascopy and I am very satisfied....... :thumbsup:
 
gaussian said:
After the disaster I had with TradeStation I have switched over to Interactive Brokers. I wanted to try to run a small strategy I had for a few Forex pairs just to see how well it did live while the index futures market decides what it wants to do. IB seems to be one of the best places for FX.

The problem is I've read all over here, over at /r/forex, and on some blogs that they are now requiring everyone to have over 10M in assets to trade? This puts a damper on my ideas.

Is this still true? Is there any representative that can chime in for this?
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That's why I turned to non-US based fx brokers like Tickmill, Exness or Hotforex. FCA regulation, I guess, is a decent substitution to legal safety that offer brokers in US, while their deposit and other requirements are much more flexible
 
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