No FX at IB any more for US residents?

[Kirribilli]

When and why did this happen? I used to do forex with them all the time.

 

[JamesL]

https://www.elitetrader.com/et/thre...spot-trading-regulations.302439/#post-4325606

 

[NoBias]

No leveraged forex for uncertified accts, aka, piker accts, you can still trade non-leveraged
fx and FX futures... isn't the end of the world...

 

[Anacreon]

Yes, FX retail is finished. It already ruined this site by attracting all the third world punters and strivers who trashed the site--

What a scam retail FX is-- will u ever learn?

 

[lcranston]

Long past time the FX bubble was burst. But where will all the under-capitalized and over-leveraged traders with no concept of risk go?

 

[Anacreon]

Long past time the FX bubble was burst. But where will all the under-capitalized and over-leveraged traders with no concept of risk go?

One word-- digitals.

 

[newwurldmn]

One word-- digitals.

For accelerated portfolio growth?

 

[surf'n trade]

No biggie. i read somewhere that it would only affect approx 2'000 customers. I was surprised that only they only had 2'000 US customers trading FX with IB.

 

[Trader13]

If you trade the majors, you should be fine with futures.

Not sure the same is true if you trade the cross-rates. The last time I checked (has been a while), spot FX had an advantage in the cross-rates.

 

[comagnum]

Trade Station shut down Fx trading as well a few months ago. You can always trade the futures currency contracts if you don't want to open a new Fx account.