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Thread: Advice on Good Broker Based in US and Accepting US Clients

  1. #1
    Hi,

    I'd like to get my feet wet and searching for a regulated FX Broker based from USA. To get going want to trade Micro Lots and gradually go from that point.
    This is my study, I visit surprisingly few options:

    1. Interactive Brokers: Doesn't let lots. Minimum Deposit can also be supposed to be large.

    2. Forex.Com: Read not too many great things about it. Supposed to be connected.

    3. OANDA

    4. TD Ameritrade

    Currently studying about OANDA in a thread here and little worried about it.
    My Requirements: Based from US, Ideally tight spread/commission, excellent regulation and great leverageIn US limited to 50:1 and not a market maker.


    Above all Capital Protection is an Integral requirement. It would have been nice if platform, but eager to utilize another.


    Found other Brokers like ATC Brokers and NADEX, but maybe not much review/info on the market. Currently leaning towards TD Ameritrade want to seek out every individual's opinion.

    Can you please advise on your experiences and what you believe would be a great choice? Please include some Brokers not in the listing too.

    Thanks

  2. #2
    The broker that's regulated by the US ,
    I think that it is real regulated broker than others and from here we could get guarantee our trading funds. Because regulated broker always make sure security of funds in any sorts of investments with a broad range of trading technologies.

  3. #3
    Im in precisely the same boat that you're aaven. Ive been paper trading with Oanda and Believe Or Swim (TOS). I like certain elements of both and wish I could combine them! The charts and indiors are much better with TOS, but I love the design and order capabilities of Oanda better. I also like the fact that with Oanda, I can order any number of units I need rather than the regular unit size in multiples of 10,000. I love to exchange the amount of units that fit my account size, so if I've $22,348 in my account, I love to exchange 22,000 units etc.. It is good money management system I use. With Oanda, I can do that. With TOS, '' I can not.

    I mostly trade off daily charts, as well as Oanda, I can have the day's candle finish at 4pm central, 11pm central or at midnight. I like that since I am busy at 4pm. With TOS, the daily candle ends at 4 pm, and that's it.

    An advantage of TOS is that's it's TD Ameritrade and I would think that it will be easier and I would feel more confident moving funds in and out of this account since Im in the US and TD is based here. Maybe Im missing something there. Anyway, Id be interested what you pick. Im leaning toward TOS

  4. #4
    If you are able to manage to start an IB account, then that's the very best option, assuming it I available to you. The choices are very similar in several respects,

  5. #5
    Quote Originally Posted by ;
    In case you can afford to start an IB account, then that is the very best option, assuming it available for you. Otherwise, the choices are very similar in many respects,
    I'm interested in why IB is the best in your opinion. Thanks!

  6. #6
    Quote Originally Posted by ;
    Hello, I wish to receive my feet wet and looking for a controlled FX Broker based from USA. To get going want to trade Micro Lots and gradually go from there. This is my research, I visit few options: 1). Interactive Brokers: Doesn't let lots. Minimum Deposit can also be assumed to be large. 2. Forex.Com: Read not too many good things about it. Supposed to be linked with Gain Capital, which seems to be a poor thing. 3. OANDA 4. TD Ameritrade Currently reading about OANDA in a ribbon here and little worried about it. My Requirements: According...
    Funny subject
    Broker Based in US and Accepting US Customers

    Ofcourse any broker loed in US takes US clients. LOL

    Reviews are subjective. They may give review due to their opinion or because they lost and blame it on the broker for their loss.
    If you continue reading these negative reviews, you'd not take your chance at trading as you already afraid from the beginning.
    Your head is going to be cluttered and will not provide you good things at accepting decision.
    I reckon first time always scary, that is ok. I used to be in precisely the same position as you, but today I'm fine.
    God bless

  7. #7
    Quote Originally Posted by ;
    Im in precisely the same boat that you are . Ive been paper trading using Oanda and Think Or Swim (TOS). I like certain aspects of the two and wish they could be combined by me! The charts and indiors are much better with TOS, but I like the design and order capabilities of Oanda better. I like the fact that using Oanda, I can order any number of components I need as opposed to the unit size in multiples of 10,000. I like to exchange the number of components that match my account size, so when I have $22,348 in my account, I like to exchange 22,000 components etc.. It is good...
    Some Inputs I obtained via PM from one of theforexsoutheast.asiapenis:


    1. Interactive Brokers only works with ECP clients. Basically anyone who has more or $ 10 million. If you don't have this then they will not work together with you.
    2. TD Ameritrade is essentially only a white tag of Gain Capital (Forex.com). All orders are passed to be stuffed and implemented.
    3. Forex.com / Oanda - the two of these businesses are strong firms. Forex.com is publicly traded on the NYSE and has become the pioneer in FX because the start. Oanda is the sole broker never to of had a regulatory actions taken against them. Needless to say, your funds are protected and safe .
    With respect to spreads, Oanda has the tighter spreads from the two and generally we urge anyone intraday trading to proceed with Oanda. But if you are buying and holding trades for numerous days / weeks then I would recommend Forex.com. Forex.com has much more stable pricing through news events and rollovers which means you are not as likely to get stopped from your position as a result of broad spreads.

  8. #8
    Quote Originally Posted by ;
    Hello, I wish to receive my feet wet and looking for a controlled FX Broker based from USA. For going want to exchange Micro Lots and gradually go from that point. This is my study, I visit few choices: 1). Interactive Brokers: Does not let lots. Minimum Deposit can also be assumed to be high. 2. Forex.Com: Read not too many great things about it. Supposed to be linked. 3. OANDA 4. TD Ameritrade Currently studying about OANDA at a ribbon here and worried about it. My Prerequisites: According...
    This is not available in the US. Your only options are market makers with inflated spreads. Regulations in the US prohibit capital security. There are many brokers in the world supplying these criteria, however as icing on the cake, US regulations don't allow us to trade with them. Land of the baby!!!

  9. #9
    Quote Originally Posted by ;
    quote This is not available in the united states. Your only choices are market manufacturers with inflated spreads. Regulations from the united states also prohibit capital security. There are numerous brokers in the world however as icing on the cake, US regulations don't allow us to trade. Land of the baby!!!
    Pipmaster77,

    Thanks for chiming in with your ideas...

    Just to confirm, folks based in US Can't open trading accounts with Example: Broker XYZ based in United Kingdom or Australia?

  10. #10
    Quote Originally Posted by ;
    quote Pipmaster77, Thank you for chiming in with your thoughts... Just to confirm, people based in US cannot open trading accounts using Caution: Broker XYZ based in United Kingdom or Australia?
    No, only alternative is unregulated offshore brokers. Which, in my view are less risky. Reason is I could have a $5,000 account offshore using the trading power of a US account due to the 500:1 leverage. The remaining $45,000 remains in my bank before if/when needed. Since the funds aren't shielded using a US broker, that $45,000 that will want to sit with a US broker for margin is much safer in my own FDIC insured account.

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