There is no doubt that this thread has been a life saver for
me, as well as many others; and @Clint 's work has been just
But the regulatory environment, with the spead of U.S. regulations
through “memoranda of cooperation” to the E.U. and elsewhere
is just tightening the noose.
Now, it’s fine for us to bounce around amongst brokers willing to
work with U.S. persons, and navigate the increasingly difficult
maze of constantly changing funding methods. It’s fine for the
smaller U.S. trader to take the risk of having to change brokers,
who suddenly feel the pressure to refuse service to U.S. persons.
But building a sustaining business on that basis is just not
the way forward for me. And that means establishing an entity
which is not readily traceable to a U.S. beneficiary for access
to the world’s best brokerages.
I think that’s the sad truth here, and I am usually a great big
optimist. But when building a scalable and sustainable
trading business [edit: it] just can’t happen on the basis of a
"whack a mole* strategy amongst the very small remaining
set of offshore brokers.
The practical alternative is to use a U.S. broker, such as
IG perhaps, or similar, which has a (modified) MetaTrader
trading platform (swallow hard and use FIFO, and deal
with smaller leverage) or to get involved in offshore
company structure, to gain a sustainable access to the
world’s finer brokerages.
IF NOTHING ELSE, I’m sure this will kick off some discussion
and, like I said, I don’t like being negative on the prospects,
BUT… none of these comments diminishes the value of
this thread which many of us have used as a lifeline
So, again, thanks to Clint for all of his hard work; and let’s
hope some miracle changes the regulatory environment !!
I wanted to end this one on a positive note