I’m confused. This broker lists only a New York address, and the following was copied and pasted from their website — http://www.tradenextglobal.com/:
Tradenext is a trading name of NFA registered broker APPL International ID No. 0213616 giving all clients, throughout the world, the benefit and peace of mind knowing their deposits are segregated and covered by the regulations of the NFA client money rules.
Is it your understanding that this is an offshore broker?
I received email confirmation from HY markets. I really think this issue and how the rest of this change plays out is contingent on the fsa of the uk. If they tell the cftc to shove it, I think it will force a change.
You can add hy to the list, though the email had some specifics, so I am going to call them directly to get a definite answer but they look like a yes.
The email came from Mario Challis the managing director. It has other personal info in it. That is why I didnt post it in the first place. I would think their MD would be a pretty decent authority but if you haave other info please post it.
No need to post any personal info (such as name, position held, or contacts). Just the text of the message itself. Really curious to learn of all aspects in regard to the acceptance of US citizens by this broker.
I am as well. I sent him a direct email. he has been prompt in his replies. I will post the full text when I receive it. Hoepfully it is a complete yes, as I would love to have a solid uk broker.
Hallelujah - Swiss-based MIG Bank which was the first Swiss Forex broker to obtain a banking license has also announced their acceptance of US customers:
MIG Bank accepts clients from US to open a live account for spot Forex trading.
AccentForex has taken the same positive stand and also qualifies for our list:
AccentForex does not have FSA and NFA licenses as hundreds of other brokers
which are not located in the USA or Great Britain.
So we don’t regulated by USA governments’ institutions and we don’t have any
restrictions for clients from USA.
Tadawul FX Ltd is an EU licensed and regulated brokerage firm and as such, will not be affected by the rules set forth by the CFTC. As such, TDFX will continue to accept US clients as before and offer leverage of up to 1:500 on all Mini and Standard Accounts, the two major areas of concern.
At Tadawul FX, we continue to provide our clients with fair and ethical trading conditions and offer a safe and secure trading environment. We remain competitive in the market place and aim to give you quality products and professional service and support at all times.
This is great. The big swiss banks are standing up to gensler and the cftc. Austalia is doing a decent job. Now we just need the UK to follow suit and it will only be a matter of time before things go back to normal.
"only be a matter of time before things go back to normal.
MIG is a big win for us. "
Not really, 'know your enemy" when fifo went into effect, we left for greener shores. But what did they do? Passed a law to make it so we had to work within their parameters. Has the nature of the beast changed? Why would they give up their prey that they have worked so hard to contain? Not yet. As long as you are a US citizen, [I]you[/I] come under their guidelines.
Traders are the best risk managers on the planet. Make it a trade call, buy into the government not taking a position against the willful trader that defies their orders? Or sell out of their game to golden shores? Which way has the trend been going? Personally, I have a low tolerance for risk.
By the way, good research effort here.
Bob
Due to Gary Gensler’s efforts, the United States of America has become part of some very prominent country lists - such as this one with JadeFX:
Burma (Myanmar )
Albania
Belarus
Bosnia & Herzegovenia
Colombia
Democractic Republic of Congo
Cote D’voire
Cuba
Croatia
Iran
Iraq
Kosovo
Lebanon
Libya
Liberia
Macedonia
North Korea
Serbia & Montenegro
Sudan
Syria
Zimbabwe
Residents of British Columbia Province in Canada
US Citizens or Residents
Being on the same traditional ban list with North Korea, Sudan, Syria, Zimbabwe, Iran, Iraq, Cuba, and Congo sure goes to show something.
I just hope the States will soon vote out their current communist government and get back to normal. Geez, and this used to be world’s number one democracy for decades.