Going offshore to escape the CFTC

[SHEdmond]

Nonetheless, some places are a lot less restrictive than others.

True, when you find these places, let me know. I need a new brokerage as soon as possible.

[bravehoststamps]

True, when you find these places, let me know. I need a new brokerage as soon as possible.

Here you go: Dukascopy in Switzerland. While Dukascopy does not offer MetaTrader4 on live accounts, I have learned it offers a bridge between MetaTrader4 and their custom platform, which enables customers to place trades through MT4, including those by EAs. I guess it’s the reason for which they offer MetaTrader4 on demo accounts, as why otherwise would they be paying the costly platform license fees to the MetaQuotes Corporation (which total to about 100K a year)?

Here’s all the necessary info on their MT4 bridge:

• project website:
  SourceForge.net: Download and Develop Open Source Software for Free projects/mt4dukabridge/

• project website on google: Project Hosting on Google Code mt4jforexbridge/

• flash tutorial:
  Forex trading, ECN Broker, Managed accounts, Swiss FX trading platform swiss/english/forex/jforex/ forum/download/file.php?id=178

• pdf tutorial:
  Forex trading, ECN Broker, Managed accounts, Swiss FX trading platform swiss/english/forex/jforex/ forum/download/file.php?id=249

• youtube tutorial (1.08 ver): YouTube - Broadcast Yourself. v=DTjEU4Nt1V8

[SHEdmond]

Here you go: Dukascopy in Switzerland. While Dukascopy does not offer MetaTrader4 on live accounts, I have learned it offers a bridge between MetaTrader4 and their custom platform, which enables customers to place trades through MT4, including those by EAs. I guess it’s the reason for which they offer MetaTrader4 on demo accounts, as why otherwise would they be paying the costly platform license fees to the MetaQuotes Corporation (which total to about 100K a year)?

Here’s all the necessary info on their MT4 bridge:

• project website:
  SourceForge.net: Download and Develop Open Source Software for Free projects/mt4dukabridge/

• project website on google: Project Hosting on Google Code mt4jforexbridge/

• flash tutorial:
  Forex trading, ECN Broker, Managed accounts, Swiss FX trading platform swiss/english/forex/jforex/ forum/download/file.php?id=178

• pdf tutorial:
  Forex trading, ECN Broker, Managed accounts, Swiss FX trading platform swiss/english/forex/jforex/ forum/download/file.php?id=249

• youtube tutorial (1.08 ver): YouTube - Broadcast Yourself. v=DTjEU4Nt1V8

Actually, I am more interested in a brokerage that uses the software itself or utilizes it’s own software with no costs in using it. If they upgrade their systems or servers, that leaves anyone at a disadvantage…

…and let’s not have any fees in addition to the pips subtracted with each trade.

Also, I always wondered…

How would I be able to trade US/GOLD pairs while using UK currency?

[bravehoststamps]

Actually, I am more interested in a brokerage that uses the software itself or utilizes it’s own software with no costs in using it.

Also, I always wondered…

How would I be able to trade US/GOLD pairs while using UK currency?

You don’t pay anything for using the software, brokers do to the software developers.

You can trade any currency pair with any broker completely regardless of your deposit currency.

[SHEdmond]

Duxscopy seems okay, being that it is swiss owned. Do the swiss still have a reputation for holding the currencies of countries? Should I open a swiss bank account?

What about security… I don’t want to have to trade brokerages again…

[bravehoststamps]

Duxscopy seems okay, being that it is swiss owned. Do the swiss still have a reputation for holding the currencies of countries? Should I open a swiss bank account?

What about security… I don’t want to have to trade brokerages again…

They are an STP and don’t trade against their customers. Yet you are always the one to decide what you should do. I am just sharing the information here.

[SHEdmond]

OH, no… I love the fact that you are helping me. I just want to consider all the options.

I currently have a margin of 1:50 and I started on a 500 dollar budget. Can I continue this? I have 890.00 dollars right now.

If I have to open a Swiss bank account, that is fine. If I am going to go over seas, then I don’t want Uncle Sam trying to get his cut…

[bravehoststamps]

OH, no… I love the fact that you are helping me. I just want to consider all the options.

I currently have a margin of 1:50 and I started on a 500 dollar budget. Can I continue this? I have 890.00 dollars right now.

In my opinion, you are currently facing a huge risk to hit a margin call and get your account wiped out with such a low margin.

[SHEdmond]

In my opinion, you are currently facing a huge risk to hit a margin call and get your account wiped out with such a low margin.

That is why I am going over seas… you do know the topic of this thread… don’t you?

If I have to open a Swiss bank account, that is fine. If I am going to go over seas, then I don’t want Uncle Sam trying to get his cut…

[bravehoststamps]

That is why I am going over seas… you do know the topic of this thread… don’t you?

If I have to open a Swiss bank account, that is fine. If I am going to go over seas, then I don’t want Uncle Sam trying to get his cut…

It doesn’t matter where your bank account is. What matters is the place of your broker’s domicile. Plus, Swiss banks won’t open an account for 890 dollars to be stored on it.

[SHEdmond]

It doesn’t matter where your bank account is. What matters is the place of your broker’s domicile. Plus, Swiss banks won’t open an account for 890 dollars to be stored on it.

There is a big chance that I will be going in the military soon. I should have enough money then…

Still, do you know any good brokerages that allow micro accounts over seas?

[bravehoststamps]

There is a big chance that I will be going in the military soon. I should have enough money then…

Still, do you know any good brokerages that allow micro accounts over seas?

Dukascopy, Tadawul FX, FXOpen, Marketiva, and many smaller ones.

[SHEdmond]

Dukascopy, Tadawul FX, FXOpen, Marketiva, and many smaller ones.

I thought you were putting me down because of my small investment. It’s okay, I will consider Duxascopy for my 890.

You know, I had 1300 at one point but then we had that freak drop in gold and things got difficult.

One more question, I like to invest in Gold and silver. Do you know if Duxascopy will take a large chunk out of exotic pairs?

[java_guy]

Not argueing, asking a real question.

So are you suggesting we should forget it because it is in the ‘past’ …

PLEASE don’t downplay the fact of the matter.

put it in vague terms

a Privately owned casino on waters {the river boat as it is called} is being regulated by the state to only allow you to spend a certain amount of money because to many deadbeats are becoming broke.

So if you make 100,000 a year & want to go on vacation, you can’t spend more then 2,000 of your own hard earned dollars.

This is the problem, regulations like this come out … people get used to them … so they come out with more & more.

I am almost ready to claim citizenship to Australia.

OK great, I was just letting you know.

[bravehoststamps]

I thought you were putting me down because of my small investment. It’s okay, I will consider Duxascopy for my 890.

You know, I had 1300 at one point but then we had that freak drop in gold and things got difficult.

One more question, I like to invest in Gold and silver. Do you know if Duxascopy will take a large chunk out of exotic pairs?

I am not putting you down, it’s even better to start with small amounts.

I don’t trade metals myself, only currencies with the Forex Megadroid robot, so I don’t know how you would be affected.

[Buckscoder]

While you may trade micros on DC, they require you to open an account with 1000 usd minimum.

If you see that they decrease the leverage through weekends this even might be too small, though.

They are ecn by the way, not just stp.

[bravehoststamps]

If you see that they decrease the leverage through weekends this even might be too small, though.

What do you mean?

[Buckscoder]

What do you mean?

The standard leverage is 100:1. But close to weekends they decrease it to 25:1 or something like that. I do not have the times and exact leverage in mind. I just get the messages via my trading platform.

[Buckscoder]

http://www.dukascopy.com/swiss/english/forex/forex_trading_accounts/margin/

Look for over weekend leverage.

[bravehoststamps]

The standard leverage is 100:1. But close to weekends they decrease it to 25:1 or something like that. I do not have the times and exact leverage in mind. I just get the messages via my trading platform.

Is 1:100 the maximal leverage they offer?