Offshore broker/ECN broker recommendations?

Beginner Questions
1

Hi,

If a broker is offshore, i would assume it is more risky to trade with them due to not being held to certain regulations but can someone sum it up for me? For example i was looking into TickMill but they don’t accept US traders and i was wondering why or whatsup with them.

Also, can anyone recommend me an ECN broker they use and break down their commission costs please? I’ve been through the whole pipsology school a while back and am always reading and learning and i have been trading with a demo account for a while learning discipline and patience and am amassing profits consistently and i would like to start with an ECN broker, not a market maker. Preferably a broker with very competitive spreads.

And besides MT4, anyone have a great platform they use? With appealing charting tools or any other software or service with great technical analysis tools i can use for backtesting my strategies and systems? Other than that i’m fine with MT4. I like Oanda’s FxTrade platform but i don’t like Oanda lol

2

There’s a forum for discussions about brokers — Forex Brokers

And there’s a thread on that forum — 301 Moved Permanently — dealing specifically with offshore brokers. You can find answers to all your questions on that thread.