Offshore Brokers Using honest liquidity providers?

[DanaScott]

I have heard of STP and ECN . As a U.S trader obviously 50:1 does not appeal to me. Can anybody recommend an honest broker that actually uses good liquidity providers as do many in Europe like FX pro?
I am having difficulty as I have used a few different providers on the offshore list only to find the same slow speeds and sub standard liquidity providers. Definitely not trading against the real marker with tier one banks.

Any suggestions of an offshore brokers using a tier one bank and honest straight to market computers would be of a great help… Thank you.

[ria_rose]

Hellooo. I think this is one of the best threads to check out when it comes to offshore brokers. People there are also active so if you have any questions about particular brokers, I’m sure they can help you out.

Going offshore to escape the CFTC

OFFSHORE FOREX BROKERS Monday, April 15, 2024 This is our 14th Year on the Babypips Forum Here is an updated list of the offshore brokers vetted so far in this thread, and the results of our inquiry into whether these brokers will open new accounts for U.S. residents, given the current regulatory regime imposed by the CFTC on retail forex trading in the United States. Definition — Offshore Forex Broker A retail forex broker domiciled in a jurisdiction outside the U.S., not subject to …

[Smith2525]

Living in the US, you are wise to be looking off-shore! They make it near impossible to make a decent buck over there

[emithilt]

This ratio doesn’t appeal to any experienced trader who wants to make good profits. Without any choice, we’ve to look for an offshore broker to realise our goals. It’s a good choice though, to shift to a reliable off shore broker.

[emitwisdom]

If you’ve any broker on your mind, you can find all these information on their website or by connecting to their customer support. It’s also good to read customer’s experiences before selecing any one broker.

[epeelidan]

@Smith2525 I agree with you. It gets very difficult to earn a good amount because of these strict regulations. If I’m into trading I must be mature enough to know my limits and not to exceed them. If I’m not, I deserve to lose and learn from my mistakes.

[roosevelthiggins]

Yes, this is really a good thread running on this topic, started using turnkeyforex after trying a couple of others too from the list, going good

[cashisking86]

There are some solid and approved suggestions in this thread:

Going offshore to escape the CFTC

Having a larger account balance affords you more buying power without the need for more leverage, meaning less risk. This is indisputable, regardless of whether or not the draw-down is the same between the small and large accounts. Keep in mind that the argument that you initially posed here is that there is no benefit to traders to make use of such programs over trading that same capital on a personal account. We have to consider not only risk, but account growth and profit-potential over a g…

Quite a big thread but think they update the OP with trusted offshore choices.

[mlawson71]

I recommend a lot of caution when picking an offshore company. While there are some very solid companies among them indeed, most are pretty unreliable. There are a number of inherent risks that come with using an offshore broker - regulators having low capital requirements, no compensaion schemes, no position reporting, etc. to name a few. Take care to avoid companies with such issues.

[dudebro]

@DanaScott

Can anybody recommend an honest broker that actually uses good liquidity providers as do many in Europe like FX pro?

Did you end up finding someone to trade with?

[cashisking86]

I agree some are dreadful but hopefully have been filtered out in the thread I shared which has been running for a good few years now. I think it also depends on where in the world you live and to what extent your regulator actually protects your funds and the process of recovering those if needed. As with all brokers, research required

[mlawson71]

I absolutely agree. It’s important to research one’s broker before investing, regardless of whether they are licensed by a big regulator or registered somewhere offshore. Never trust blindly - I learned that lesson in a pretty painful way early in my trading days.

[cashisking86]

At risk of you repeating yourself on this thread, what happened if I can ask?

[TraderO]