That’s a perfectly reasonable conclusion for you to draw.
Choosing a broker is a very personal decision, and one that nobody can make for you.
This thread contains ratings and recommendations on various brokers by various forum members, and we link to most of those comments and opinions in our List (on posts #1 and #2). However, the List itself is not intended to be a list of recommendations. Instead, it is a raw list of offshore brokers who will open accounts for Americans. In the quest to find a good offshore broker, that’s the first step — identifying brokers who will deal with you. Our List is basically intended to get you started with that first step.
After you have a List of brokers who will deal with you, your next several steps involve your serious investigation of some (or all) of those brokers — what we call due diligence — to determine whether any of them might be right for you. Our List can help only marginally with those chores, by including info on place of domicile, regulatory status, and basic account metrics; and links to websites, and to the comments of our members. From there, you’re on your own.
Personally, I agree with you that [I]the lack of even a comment about the SNB crisis,[/I] on the part of some of the brokers on our List, throws up red flags. And, like you, I might tend to shy away from those brokers, in favor of the brokers who are open and upfront about what has transpired.
However, that being said, I don’t think a broker’s lack of response to the SNB crisis should be a reason to drop them from our List. But, as always, decisions like that should be directed by the active members of this thread, not just by me. So, I’m listening for the opinions of others.
My impression of [B]Tallinex[/B] is favorable, although I have no direct personal experience with them.
And I think it counts for a lot that FinFX recommends that you move your trading to Tallinex. FinFX has a very good reputation on this thread, and on several other forex sites, as well. And I don’t think they would knowingly tarnish their reputation by referring their (former) U.S. clients to a second-rate broker.
But, due diligence is always the order of the day. Are you comfortable with everything you read on their website? Are you comfortable with the answers you have been given via Live Chat, email or phone contacts? Do you like their platform, their leverage, their spreads, and their Terms and Conditions?
It’s all on you at this point, and it’s a decision to be taken seriously.
I agree with tomd100: the [B]TradersWay[/B] Customer Service guy, Dan (whoever he is), is being very cautious about divulging company policy in this matter. And, reading between the lines of those Live Chat transcripts, it’s pretty clear (I think) that TradersWay has no problem accepting U.S. clients, but accepts no responsibility for any trouble that you might get into with the laws or regulations of the U.S.
And, on that point, I can tell you that there are no laws or regulations prohibiting a U.S. resident (or citizen) from having offshore forex accounts, bank accounts, or any other sort of financial accounts which would be legal in the U.S.
What I [I]cannot[/I] tell you is that there [I]never will be[/I] such laws or regulations. The Nanny State is never satisfied with the control it has over our lives, and is always grasping for even more control.