It depends if you want to pay spread or commission and also how many currency pairs you would like to be able to trade.
In agreement! I’ve been with FXChoice for quite some time, and I am satisfied with their program.
Breaking news
ATC files for Chapter 11 bankruptcy
Finance Magnates article —
ATC Brokers US Entity files for Chapter 11 in California | Finance Magnates
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Trader’s Way has some horrible swap rates. I tried bringing it up a while ago and no one else seemed to care. I also sent them an email about it like 8 months ago and there still horrible.
Even if you trade daily and get out of trades generally quick, you can still get caught paying swap fees if your trades are open at roll over. And pray it isnt triple swap wednesday.
Well, it’s a reorganization for ATC and our funds are held by FXCM.
Now, aside from FXCM’s possible vulnerability that they may
not segregate all funds, I don’t think anything is at risk for
our operation, and they intend to continue normal operations
through this reorganization of the financials.
ATC MT4 offers the best retail pricing I’ve ever seen, better
than Dukascopy, with a Direct interface using ATC’s own
computers to FXCM’s liquidity sources, which means high
performance and reliability. This is a unique
arrangement, as far as I know and, having used it “in anger”
for a month or so, it’s an amazing MT4. Intra-instrument
hedging operations are permitted, and limit orders anywhere
inside the spread, no restrictions, etc.
Unfortunately, to my knowledge, ATC’s MetaTrader 4 implementation
is the only “uncorrupted” one available in the U.S. They achieve
FIFO compliance by using FXCM’s back office that rewrites platform
trade sequences to a FIFO compliant statement. But on the
platform, any trade sequence is permitted.
Request for information: If anyone knows
of another US available broker, with an unmodified MT4
platform, please let me know. FXCM MT4, for
example, corrupts the semantics of its MT4 trade sequences
and may require a non-generic MT4. ATC MT4, on the other hand,
is accessible through Generic MT4, which is how we are
trading, using the NJ4X.com framework.
This is why we chose ATC Brokers US for our trading business,
and I hope they will continue to operate normally through the
entire process of reorganization, as is the plan.
hyperscalper
On the subject or horrible swap rates at TW, I also noticed that rollover on Friday is one hour earlier than M-Th. Anyone know why? My live brokers all run until 17:00EST.
More details regarding the ATC bankruptcy filing —
Investor Suing over Losses Led ATC Brokers to File Chapter 11 | Finance Magnates
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Find a Ctrader By Spotware Broker. They offer a lot of features, a platform worth the time to learn.
Hello everyone,
We wanted to post a quick update about the supported payment methods for US residents. Since Neteller and Skrill are not processing deposits for US based traders the only option for depositing for them with LMFX is Credit/Debit cards and Wire Transfer. We wanted to inform you that the maximum single transaction limit for deposits via Credit/Debit cards has been raised to $2500. Our clients can make up to 4 deposits of $2500 every 24 hours. We are working on another e-wallet solution and will post more information here when it’s available.
I have been telling you they are garbage ATC/FXCM, but you ignored me.
I pulled my 5Ok last year after the Swiss bonanza. At that time fxcm almost
went bankrupt.
Want to give my outsider perspective. I think your points were well-taken and very reasonable. In my opinion this thread serves as a list of available brokers, not a suggestion for where to trade. Clint does a nice job of warning clients of potentially shoddy brokers on page 1 of the thread, but they are still there on the list because they are ultimately able to accept US clients.
I agree that the swaps are high but the spread is the lowest so I just try to avoid the high swap pairs. One thing my account manager mentioned when I asked about these swaps was that the swaps quotes for FXChoice are in pips while TradersWay are in points, so you have to divide TradersWay’s by 10 to get a real comparison. What you pay in swap is more than made up by what you pay in commission IMO.
John do you have any info about your experiences with these guys? I am worried to have my account closed like it was at ForexFS when they stopped accepting US. I was grid trading and didn’t want to close my trades 
The effort is appreciated.
Still more details on the ATC bankruptcy filing —
Churned and Burned: The Emerging Picture behind ATC Brokers’ Bankruptcy | Finance Magnates
Unfortunately, this article is very badly written (by someone whose first language doesn’t appear to be English), and very badly edited. But, if you read (and reread) it slowly, you can probably gather the essential details contained in it.
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I have had Accounts with ATC for almost 5 years. They were always a great broker for me. I hope everything pans out. I have an account with Berndale. I was only able to fund with wire. The only thing I can say, is Berndale is always trying to get more money from you.
I have had account with FXCM, still have 1. Being with ATC is basically the same as with FXCM. ATC allows a lot more flexibility with their MT4 and orders.
I have opened accounts with TradersWay and FxChoice. I will fund with about 1k each to see who I prefer. If I decide to swing trade, I will probably go with FxChoice. Thanks to the info provided here.
I will look into LMFX now though.
Thanks for all the info in this thread.
What are the criteria for a trusted broker? Should I at all be worried if I register for a trusted broker that you’ve listed here, such as TradersWay?
That question was asked and answered 6 weeks ago in this thread. Here are the answers —
http://forums.babypips.com/forex-brokers/36221-going-offshore-escape-cftc-post744386.html#post744386
Worried? — No.
Cautious? — Of course.
Caution in vetting and selecting a broker is called [I]due diligence.[/I] Due diligence is your responsibility, and yours alone. Nobody else can do it for you. Due diligence consists of determining whether a particular broker meets [I]your[/I] particular criteria for size, strength, and reputation; and for the products, platforms, and trading conditions [I]you[/I] need and want.
Neglecting due diligence would just be stupid.
When you do [I]your[/I] due diligence, if a broker doesn’t pass [I]your[/I] tests, then by all means avoid that broker.
If a broker does pass your tests, is that a guarantee that everything will always be perfect, and nothing will ever go wrong? — No, of course not. There are no guarantees in this business.
But, you can improve your odds of success, if you focus your search on brokers that have been vetted and recommended by knowledgeable and experienced traders.
Over the past 5½ years, this thread has been created by several dozen knowledgeable and experienced traders, many of whom participated in designating three of the brokers on our List as Trusted Brokers. That designation doesn’t mean you should blindly sign up with any of those brokers. Instead, it means you would do well to take a look at all three of them, and determine for yourself whether they meet your needs.
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Hello, though I have never posted before, I have been following this thread for years. Thank you very much for maintaining it, it has been very helpful to me. I just tried to open an account with IKOFX, and they said they are no longer accepting US clients. Just wanted to let you know.
I have confirmed your information. Thanks for the heads-up.
Both BVI and New Zealand have long been problem areas for U.S. residents — so I guess it was inevitable that, sooner or later, IKOFX would be pressured into rejecting U.S. clients.
I will remove IKOFX from Group 1 of our List.