I would tend to agree with you Sandpipper, be it I have no experience with them. If I decide to leave Oanda I will certainly consider Dukascopy.
Well if I was forced to use a US broker, and to abide by the CFTC/NFA crap then Oanda would be my choice.
since i live in USA and im using fxopen micro account right now.
will fxopen and gomarkets aus will be effected? anyone?
i was planning to switch from fxopen to gomarkets aus since it has good results on a forex EA im using.
but now with the news about the new rules on CFTC which arenât fair, after 10/18 i wont be able to use fxopen or gomarketsaus.
I was planning to switch and now use gomarkets aus as my new broker 
I moved my funds to Forex-metal. Based in Panama, accept US clients.
I know it is early, but how have you found forex-metal. I have considered them, but they make me concerned. How has everything been execution, withrawals? Please let me know.
GOmarkets will continue to accept US clients for the poster above.
ok thanks. also after 10/18 if the rules has past? i will ask their support as well for more info.
what about fxopen if u know or anyone know about that? im waiting for a reply from fxopen support.
I am waiting on a response from liteforex. I know they are not based in one of countries Clint listed. They do offer a very low minimum account balance and cent trades. These are 2 things that are getting harder to find. Oanda offers this I have an account with Oanda they have always had 50:1 maximum leverage. In reality 50:1 leverage is not a limitation to trading with a small account if you can make tiny trades like you can with Oanda.
I know one of the pretenses of the new regs was to protect the trader from the temptation and ability to over leverage and blow there account real fast. It seems to me if brokers do not make a $500 minimum account size requirement or offer nano lots then over leveraging with a small account(-$500) will be mandatory. As we know many traders start with the smallest account they can with the new margin requirements a trader opening a new account with the minimum balance at many brokers is instantly put in the position to gamble with tight stops. I am not saying tight stops are a bad thing but its hard to trade off a 4hr and up chart with a 20 pip stop. If you end up with an account in the $100 range as many new traders do this is the situation you will be in.
rogelio11, the stance seems to be common for most AUS brokers. There may be a change to regarding CFDs, but there shouldnt be a change after the 18th regarding spot fx. Also there is most likely not going to be a CFD change.
So while we wont have a definitive answer until oct 19th, all signs indicate that they will still accept US clients.
FXopen is accepting US clients also, I am almost positve. I think like dukascopy and CIM they will not be accepting managed US clients.
ok. Thanks dragofx for your reply. i will wait and see. hate to see that all non us brokers will lose their us resident customers and thousands of dollars lost if the rules past.
No problem. I dont expect to see that happen. In fact I am hoping that the opposite hapens, and that US forex firms see a major loss in profit, and in addition to retail traders there is a enough pressure to reverse these absurd and facist policies.
Regulation of spot fx is important. Imposing standards like accredited investors, verifying experience/knowledge, determining suitable trading assets, requiring more information in risk disclousures, these are all things that would have a true positive impact on the market.
But it is not even remotely the governmentâs place to tell me what I can and cannot do with my investment capital, provided I meet certain standards. Protection is fine, but a violation of choice is not.
The FX market, especially spot is unique. It cannot be regulated like any other securities market.
Have you read the liteforex threads here on BP?
They even have a rep or two on this forum and if you read those threads youâll see why Russian owned Liteforex is not an option imho. They canât even admit theyâre a bucket shop⌠which I discussed with them until getting tired of banging my head against a brick wall.
I hope this helps:
I currently use aaafx (AAAFX - Competitive Trading Conditions)
They said they will accept US citizens
Leverage 200:1
Hellinic Capital Market regulated, up to 30.000 deposits guaranteed
Variable spreads
MT4 compatible.
I only use them through zulutrade, but I will make some manual trades and report my results
As of October 18th US residents will not be permitted to open accounts with Alpari UK. If you would like to apply for an Alpari US account please click on the link below.
Online Application: https://my.alpari-us.com/en/openliveaccount/
I guess I donât understand.
Why would people be interested in all of these marginal fx overseas brokers when dukascopy is staring them right in the face.
1000.00 minimum deposit
ECN
Established and trusted by many for many years
Regulated by Swss banking laws
great spreads
can trade down to .10 cent pips if you wish
accepts US customers
no cftc/nfa moronic rulesâŚ
etc etc
for me and my money it seems to be a no brainer but I guess iâm missing something. It just seems many of these johnny come lately fx brokers should make more people nervous. Again iâm sounding like a shill, but this is exactly what my mind thinks and my fingers type.
My FXCM UK account is being returned to the US against my will. Oh well, no surprise that the Feds messed up a good thing. I have looked into Dukascopy as well, and it seems the way I will go. Any info about using Dukascopy? If so, how are withdrawals and slippage? Thanks
Withdrawals are in the bank the next day, and Iâm not sure that I have ever been slipped. I donât trade during news releases though.
No, fxopen wonât be affected.
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Meet Gary Gensler
Donât even THINK about moving your forex trading offshore.
If you do, we will track you down, and bust your ass.
Credits â Fictitious âGary Gensler quoteâ made up by Clint â Nasty âGary Gensler faceâ made by Gary Gensler.
looks like a snake in the grass