Looking for a broker

Will you also be offering micro lots starting at 0.01, just like Alpari? Will you be accepting American citizens?

Do you accept American citizens?

Dear Forum,
we are working on a solution for US citizens. As you may be aware, the US authorities are doing a real good job in bringing their citizens back to the stage of a “protected” market, where they decide what is allowed and not the individual. If a US citizen sends out money from US to any broker in the world (which is no US broker and therefore dangerous for the poor US poeple) banks send information to the authorities.

In the country of Las Vegas they are not allowed to use online gambling, if bigger amounts flow out of the country they try to stop it immediately. The old American dream is dead US citizens say.

Most brokers meanwhile do not accept US citizens as the mighty US banks and authorities try to block their business and even damage the realtionship between the banks and brokers. Of course this is all done to protect their US citizens. The recent license problem of FXopen might (we say MIGHT - means we are not sure) be a result here also. Therefore we will not be able to do this. On the other site it shows that the Mauritius regulation is not a farce as people often assume.

A solution might be that people become invisible for authorities with their business. We have a partner who does this job. He is also a Broker and has found the key. He is doing this for a long time now and specialist. This costs a pip more in trading but we think it is worth this.

We will discuss with this Broker today the situtation and define a routine which we let you know soonest. If there is a way it is a safe way. This is for sure.

Your FXcast Support Team (Mauritius)

lol, i think their answer is a no.

Sorry to say this, but then it’s all pointless unless and until an effective solution is actually introduced. Americans currently form the largest fraction (about 90%) of all Forex brokerage customers on the Internet.

Unfortunately this is a fact. No broker outside US wants to risk his bank accounts closed or any other harm by US authorities - just due to the fact that he accepts US citizens. Vice versa US amazingly sells 1000s of “offshore accounts” to people outside US. Strange - or? Seems they want the funds inside US :wink:

But - they made their laws themselves, we only can try to avoid problems.

Your FXcast Support Team

How can the US government possibly close bank accounts outside of the US?

they simply contact the broker’s bank and ask them about giving out all information about the US customers, asking more silly questions, threaten to close the corresponding accounts and whatever more.

You have no idea what they can do. But they can. And when this process starts banks tell the broker to go elswhere as they don’t like this.

This happens always and is the reason for the “no US citizens” answer.

Your FXcast Support Team

Tymen,

Do u use the kinetic fx ? I use Alpari US  but leverage is very less.

I practiced on Alprai UK and it was great.

Please tell which broker provide 1:500 and allow US citizens ?

is anyone know marketiva? is it save company to deposit our money? , i wanna search forex company with this requirements:
1.save not a thief
2.easy to withdraw

for now, i just learning forex for about 6 months and i was learning in virtual account in marketiva, now i am ready for real account so please anyone who has info about good and reliable forex company, tx
is marketiva reliable, may anyone has experienced trading with marketiva? tx before

etoro is pretty good

I wouldn’t say 90%, but definitely a large majority.

FX Open are the best offshore broker that allows any clients.

they’re not bad.

fxopen - awesome.

How about their Minimum 10pips placing of StopLoss and TakeProfit?

No MetaTrader offered and no expert advisors allowed therefore.

Also, for 0.01 micro accounts they have an account balance maximum of only $3,000.

Actually, they don’t have that on their MT4 ECN.

I search for the broker with a zero spread. And that it was reliable. Such happen?

Have you used it? How was it?