Does anyone have any US resident accepting offshore broker recommendations primarily for GBP/USD? I’m thinking solid liquidity and low fees (spreads, commissions and any other fees).
I’ve done a little homework, and the brokers still on my list include:
- Dukascopy (Savvy Professor on YT says the minimum deposit is $100k, but that is for API access. The minimum deposit for a trading account is $100).
- GO Markets
- AVATrade (one source had their GBP/USD spreads at the lowest at 6 points on average (0.6 pips), but not sure if that is true).
I plan to put in $5k and leverage it just enough to put in trades that represent a $250 loss if I get stopped out on a 1-3 minute time frame (POI related to higher time frame positioning, of course!). Once I get that system rolling, then I will look to increase the stop loss amount, which will additional deposits or more leverage.
I want to do this as inexpensively as possible, considering all related expenses and potential expenses.