You should have told me! I can get you in! I’ve been working for them for years now!
Consider yourself on payroll! Just sign the power of attorney I pm’d you, send it back and you will receive your first payment next week!
KC
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I have done very deep search in google in order to find you a solution really for all that matter anyway. You can find a ton low spreads but do not serving US clients anyway, let’s see something like Forex Brokers with Low Spreads — Brokers for Lowest Spread Trading
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Hey. You two clowns (@wmwmw and @Pipafly). Just for you. Compliments from the CFTC and FCA.
Can’t happen to you though right. You guys are special. Wanna bet me that the OP on that thread thought the same thing when he opened his account???
I’m really not interested in all the name-calling and arguing on this thread so please just answer my questions if that’s possible. Thanks…
I’m in the US. I’m willing to use a broker who doesn’t require verification (KYC) such as drivers license, etc if anyone knows of a broker that fits my criteria below. Of course I’m also willing to provide verification to a broker who will accept US customers.
I’m looking for a very low or no spread ECN broker. I’m willing to pay commission based on lots traded. I need this type of broker to run a scalping EA that only takes 4-8 pips profit per trade. I have tried Coinexx where I usually find good spreads but during the time I want to trade GU (late night GMT during asian session) the spreads jump up to 5+ which makes it impossible to run my EA. I’ve also tried turnkeyforex and their spreads are a bit worse than coinexx. I’m currently testing spreads on paxforex on a demo account but it doesn’t look like they will be any better than the other two.
I understand the broker may be a scam, unreliable, may take my money, may shut down, etc. But I’m not going to put a lot of money with them - just a reasonable amount - say $1000.If they shut down and take my $1000 I’ll survive it.
Anyway does anyone know of such a broker with very very low (max 2 pip any time of day) spreads on GBPUSD who either accepts US clients or doesn’t require verification to sign up?
Thank you for your help. 
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You can go to this site at your desired time to see if there are any brokers that suit your need.
https://www.myfxbook.com/en/forex-broker-spreads
If you can’t find any brokers that have tight spread at the time you specified,
you can try currency futures.
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So on a very serious note… I would love to trade with a highly regulated broker who INSURES my money. Not sure if you guys are in US or not, but that option is not available. I have been trading offshore for 5+ years, I use 2 different brokers, I’m sure you can figure out which ones by my time offshore.
I am not offshore for high leverage, no FIFO or hedging, I am offshore for exactly the reason you say we shouldn’t be…CAPITAL PRESERVATION.
As I stated above, there is nothing in NFA/CFTC regulations which insures my money, of course not offshore either. So i choose to keep 70-80% of my trading capital in my FDIC insured bank, if something happens I am still in business with a majority of my capital intact. I trade with US regulations, I have to put up 10 times more what I deem unnecessary margin to execute the same trade. So with all my money sitting at gain, oanda, IG, whatever, they go bankrupt…SO DO I.
Once again, if that money was insured, earning interest, I have no issue parking it there. Matter of fact, if these regulations are intended to “protect” us, why not require these funds be insured? Or better yet, let me trade with a regulated broker in another country who does protect my money.
The reason is simple the regulators have THEIR OWN BEST INTERESTS in mind, not mine.
On a side note, I have never had a random price spike (not seen on another broker at same time), frozen platform, price delay or any withdrawal issue…EVER. My commission is lower, my spreads are tighter.
Do a google search on the US regulated brokers, see how often these things happen with the “regulated” brokers.
THE NFA/CFTC is regulating the trader not the brokers.
Once again, this is not intended to start an argument. Just sharing my thoughts on why I prefer to be offshore. I do not want to be…I am forced to be
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Waited 9 days, didn’t think there would be a rebuttal. It is because there isn’t one.
may i ask what the issues you faced where?
I believe Trader’s way is not accepting US clients anymore. and FXbrew shut down. So we are left with Turnkey Forex, Coinexx, and LMFX. There are few more brokers like AAFX, but they are comparatively new, hence my trust factor is low with them right now.
I have been a loyal customer of Coinexx (and they have done nothing to lose my trust) but I feel I should diversify my funds and planning to try Turnkey Forex now. Will keep everyone updated with their trading conditions.
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Create your demo account with several brokers until you find the ones that fit your needs.
So I created my account with Turnkey Forex and have also taken a withdrawal which was processed in 3 hours. Spreads were excellent, customer service good, deposits fast. But the best thing till now is the trade execution. I have not faced any slippage till now. But yes, it is too early to conclude everything. I will again post my review after a month or so.
I don’t think you’ve been searching well enough. There are many regulated brokers who serve American clients.
Google will help. Find the brokers and know about the spreads too. It’ll take a bit of research from your end.
That would mean paying some cost to open an account which can varies from $10 to $100, some people, especially beginner, cannot afford to do that.
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There are brokers that don’t charge you anything to open a demo account and that is really the easiest way to check the spreads and prices offered by a broker. I am sure [removed for Forums violation] and Oanda do not charge US clients anything for opening an account. Coming to spreads, spreads are not my concern anymore as with [removed for Forums violation] and Oanda it is the lowest I could find in the market.
I think it’s better if you go for an international broker. There are many of them that accept clients from the US and a few of them are better than the regulated ones. You can look for them and please research before trading.
I understand that it is important to select a broker whose spreads are low specially when you are a scalper. Well, 2 pips is quite high, you must be losing aclot with this one. I normally trade forex and I use Oanda, turnkey forex and IG. Their spreads are compact and trading conditions are flexible.
Well, For scalping it is very important to go for a broker with low spreads. I will suggest you to research and compare a few brokers to get the right one. I have traded with regulated brokers in past like forex.com and pepperstone which hold a good reputation but I feel that their spreads were on a higher side in comparison to the unregulated brokers and that’s the reason I switched to turnkey forex.