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UK or USA based broker? UK or USA based broker?
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Old 11-11-2009, 09:47 AM
 

Join Date: Jun 2009
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Default UK or USA based broker?
I would like to open a forex/cfds account and I hesitate between a USA and UK based brokerage. What would be your advice and opinion and why?

I would appreciate your replies.
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Old 11-11-2009, 04:48 PM
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Join Date: Jun 2009
Location: New York
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Originally Posted by yonak View Post
I would like to open a forex/cfds account and I hesitate between a USA and UK based brokerage. What would be your advice and opinion and why?

I would appreciate your replies.

A broker regulated in the US will not offer CFD's since they're not legally able to, so you would have to go with a UK broker. Also, UK brokers won't accept US residents for CFD trading. If you were trading forex only, then a US broker would be an option.
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