I’ve been trading Forex on the ThinkOrSwim Platform. The Bitcoin Futures contracts are too large for the amount of money I want to play with although I say the announcement that in May CME will have Bitcoin mini lots I think. Anyway, I prefer to use one platform. I learned, slowly from going to many broker sites (IG, Etoro, you name it), these brokers either offer Forex trading to US Clients, or Cryptocurrencies, but never both. I’ve gathered from the April 15, 2021 list of Offshore brokers here I stumbled across, this is the fault of the CFTC.
So if I want a solid/legit Broker (that at least supports MetaTrader 4), are the Babypips “Trusted Brokers” the only ones I shoulds seriously consider that allow US Clients to trade Forex and Crypto. And if so, does anyone recommend one over the others?
As long as I properly report profit/loss on my US Taxes, can I still get in trouble with the IRS using these brokers?
I also ran across N1CM. Have not confirmed yet if they offer Forex and Crypto to US Clients. They’ve gotten really good reviews though. A fairly new outfit though.
I only want to deposit $2K to play with. So any major brokers offering crypto futures that require like $25K deposit are out of the question.