Going offshore to escape the CFTC

None of them are real traders. Absolutely zero.
None of them will give you their numbers.

Put your numbers this week and see if you can beat me. Put money where your mouth is then speak.

you are in the wrong thread, start your own thread if you want to challenge someone

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Right…predictable.
Just say the word, the second account I posted this week against your account same value.
It’s very easy to just create another account and fund it with 1k.

So keep talking wannabe trader trash or do it.

I’m waiting.

again please start your own thread if you want a challenge.

sorry guys but have to try to keep this thread pure from trolls

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Copped out for all to see. LOL

Okay, I’ll be nice now. Point proven haha

But I will be waiting if you ever man up to it.

ok cool, enjoy your trading

Little man had his chest out and was determine this time, he also came with the my number is bigger then your number, :rofl::rofl::rofl:

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-As with any business or investment, there will be risk involved. Only you can decide whether or not the options will be suitable. I personally would not want to base my decision on the word of some online stranger. But I also know that if you are as good as you claim to be, then you should already know how to approach this and even how to counter any negative outcome.

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The best advice one can give a person looking to trade with a offshore broker

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How did this turn from “anyone getting payouts from offshore brokers?” to “my ■■■■ is bigger than yours”. What specific info are you looking for from this thread’s users. I have been trading offshore for 9 years. I have used a total of 7 different brokers, 2 of which no longer accept NEW clients from the US. I had one payout issue but it was due to the payment processor abruptly stopped dealing with US clients (thanks again CFTC) and was not a broker issue.
2 reasons I use these brokers

  1. The conditions are far superior than any offered in the US. Spreads are thinner, commissions are lower. I have no random price spikes, freezing platforms, etc. I mean these things happen from time to time, however, they are legitimate issues. With CFTC “regulated” brokers they are more often than not intentional For some reason, the regulated brokers actually get away with MORE cheating. I can also trade indices and metals as for some reason these are prohibited with CFTC. The rest of the world can trade them, but not the land of the free.

  2. This is the biggie. Since the CFTC does not allow for segregation or protection of funds in any way, my funds are just as protected offshore as they are with a CFTC broker. It is zero in both cases. So why on earth would anyone put 10-15 times more money with a broker (unprotected as mentioned above) for margin than necessary. Example, I wish to trade 1 standard lot of GBPUSD, I need $3,333 to open that trade with a CFTC broker, I need $200 with my offshore broker(s). So, if I am going to use say a 30 pip stop, my broker gets $300 of my money for margin on that trade, which is my actual risk. I am not giving a broker $3,000+ to risk $300.
    So, in a nutshell, I have better trading conditions, way more assets available to trade and the biggie…80% OF MY TRADING CAPITAL SITS IN AN FDIC INSURED BANK ACCOUNT AND NOT WITH ANY BROKER. To further mitigate that risk, the 20% “in play” is split among 4 brokers. So not one broker has more than 5% of my TOTAL TRADING CAPITAL. If a broker goes belly up, disappears, etc…I still have 95%. Some traders will risk more than 5% on a single trade lol.
    Oh and unlike what you claimed earlier, I DO NOT DO THIS FOR TAX PURPOSES. I pay taxes on my trading income just as I would with a scam CFTC/NFA broker.

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It’s the same scare tactic, using money as bait.

  1. Depositing with offshore brokers means you will not get your money back.

  2. If you are a successful trader, they won’t let you withdraw your profits.

and blah blah blah.

They end up saying something negative about offshore brokers, which he did this time in a subtle way.

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It’s time for the annual reminder. Just because a broker is regulated does not mean they cannot steal from you. It’s far better to trade with a company with a good reputation.

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I feel like nothing I write here is read or understood, so I’ll ignore the trolls and get back on topic.

There’s a new broker to vet. If you have worked with them, please share any info you have.

SolidECN

St. Vincent, ECN, crypto deposits, US clients, $6/rt, MT5 only (ugh) and the spreads look about average. Nothing that’s going to move my money to them today but it’s nice to have another broker to evaluate. They require AML verification on accounts over $1k. Not complicated.

I’d also like to ask if anyone here knows a broker that trades bonds? I’m watching the volatility on bunds and treasuries and really want to get into those markets.

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Interactivebrokers.

You can trade bonds and bonds futures.

AMP futures.
Trade bonds futures.

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Thanks. I should have clarified that I’m not looking for US/EU/AU brokers.

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Is there such a thing as an offshore broker with access to US bond futures markets? I have never seen a CFD version of us treasuries markets either.

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Thanks for this post, grandpipmaster. You nailed it.

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This is one of the best posts ive read on the subject and i completely agree. I use only offshore now and i similarly use their higher leverage so my capital is not as exposed. Clear and concise post :slight_smile:

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How do offshore brokers payout people? Does it come out of their own money?

Or does a bank or a liquidity company give them the money for the customers?

Like if i make a million dollars, where does that come from?

there yours answer, there is a prime broker who holds customer funds and settle trades for the broker with the liquidity providers in their system, as a customer losses or make money this is where the prime broker credit or debit the account.

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