Well recently with all the damn laws/regulations going on, my FXCM account has become a foreign piece of software. It just doesn’t make sense to why the NFA would do such things.
Nevertheless, I am looking for a new broker. Anyone who just switched from US to NON-US have any recommendations. I am probably going to be looking for UK broker.
Thanks In Advance.
Hi, don’t mind can you share with us what NFA set their rules on that affected the non-US?
[B]OK, as a veteran trader on this forum, I can help you.[/B] 
Firstly, you do not need to go offshore if you go with GFT.
They are my broker since I started forex, and they are excellent in service, and there trading platform is the best in the business.
You need the best you can get to give yourself the best possible advantage.
It is difficult enough to trade forex as it is.
Now, I am in Australia, and I can recommend something for you…
[U]Google Kinetic Securities of Sydney, Australia.[/U]
They are a multiple stock broker, and they are an introducing broker for GFT and several other trading platforms - you get to choose!!
Send an email to, or telephone Jay Pace. (remember time zones!).
Tell him, Tymen sent you (you will get good service), and ask for the demo to be given to you indefinitely.
This he will do, providing you aim to go live eventually.
If you choose GFT, you get to keep your funds in a bank in America near you.
I get no incentives for recommending him. (I am not biased).
Hope this helps.
Can anyone else comment on this?
Does GFT let you do Microlots? I don’t seem to see anything on their site indicated this.
How does that work with using a broker outside of the US? I noticed with the demo account that I signed up with FXCM I can’t seem to put stoplosses in. I used to trade commodities and it seems crazy not having a stop loss. I guess this has something to do with the NFA?
Does having an account outside of the US mess anything up with taxes or something weird like that?
Another question, if I was a German citizen, currently in the US on a student Visa, what would be the best way for me to trade forex? Or it doesn’t really matter?
Thanks for the help!
Gft is a great company and there is fx solutions they have branches in australia and england , and they offer micro lots
Where are these brokers located? Do they allow hedging and stop losses?
IBFX has not changed due to recent rule changes.
They still allow stop losses and take profit. They do not allow hedging. They do have micro lots. With a micro account you can trade anywhere from one cent to fifty dollars per pip, and fractions in between that.
fx solutions has branches in england and australia and they allow every thing we used to . But the branch in the usa goes under the new rules
Hi viciouz,
Not sure if you’re aware but FXCM has a branch in the UK where you can continue trading with hedging and individual ticket management. You just need to complete the opt-in form so no need to complete a new application.