New CFTC margin limit proposal in US 10:1 - Page 6 - Pip Cop

Dan · 2010-09-29, 09:46 PM

Quote:

Originally Posted by Ken Long

In reference to the previous posts, FXDD has been promoting their new Malta accounts as a way to preserve our leverage

and hedging abilities. I wrote to them asking if US citizens would be accepted, it was my understanding that we wouldnt be allowed to open offshore accounts to avoid the regulations, but they said we would be welcome to open accounts there, and they continue to promote it as a safe haven for EA traders who want to trade with high leverage

.
I will have to check into this a little more. I dont know how they can say that US customers are welcome, and claim it as a way to avoid the leverage

changes.

Hey Ken,

I am talking with an "offshore" broker

that says that this new regulation is not going to affect them and what they can offer

me as a customer in the US. I am going to wait until after the official release of the guidelines and see if they change their opinions. Have you heard anything else/different? Thanks.

Dan

pipsbuster · 2010-10-16, 06:43 PM

Below is a list of brokers from a Forex Yahoo group that will continue accepting and servicing US customers after October 18, 2010 with no restrictions:

Quote:

Members of the Yahoo MTandI list have developed a list of brokers
who will accept US residents and offer

leverage

of 100:1 and
higher. We are providing this list to help traders who are
interested in pursuing accounts with brokers who offer

greater than
1:50 leverage

. We have not vetted this list and do not endorse any
particular broker

. It's offered as a starting point

for further research.

-------------------------------------------------
Revised List 10-16-10 4:45 pm CST
-------------------------------------------------

Brokerages that Will Accept US Citizens

AAAFX (added 10-12-10)
Arab Financial Brokers (added 10-13-10 Jake)
Askobid.com (added 10-13-10 Hope Boyce)
Broco (added 10-12-10)
Dukascopy (added 10-13-10 from CashBackForex. Note: Bridge
from MT4 to their proprietary platform)
E-global
FBS (added 10-12-10)
Fin FX (added 10-15-10 C Franks www.finfx.fi)
Forex4You (added 10-13-10 Jake)
FOREX MMCIS: (added 10-13-10 Jake)
FXCBS (added 10-13-10 from CashBackForex). Jake confirmed.
FXCompany (added 10-12-10 NB: The Govt of Mauritius stated
it's revoking the business license of FXCompany in May 2010.
Current status is unclear)
FXM Trade (added 10-15-10 Jake)
FXOpen (May be the same as FXCompany)
GotMoneyFX (added 10-13-10 Jake)
Instaforex
InvestTechFX - Canada (added 10-14-10 Terri Horton)
InvestorEurope.com (added 10-14-10 Jake)
MF Financial (mffx.com) - UK
Marketiva
PrimeBank Forex (added 10-15-10 Abhay )
RVMarkets (added 10-13-10 Jake)
Tadawul
United World Capital (added 10-14-10 Jake)
Windsor Direct (added 10-12-10 Brian Durnil)

______________________________________________
E Forex: Will maintain existing US clients but will not take new US
clients after October 18th.
______________________________________________
ACM Forex (Swiss-based) (added 10-12-10) Note: FPA
recommends caution in dealing with FCM due to legal action
against them
http://www.forexpeacearmy.com/public/review/www.ac-
markets.com

Dan · 2010-10-16, 10:34 PM

Pipsbuster,

Thanks for posting this, I am in the process of finding a new broker

and this will be a big help.

Dan

pipsbuster · 2010-10-18, 05:06 PM

An updated list of brokers that have confirmed in writing they will continue accepting US customers after October 18, 2010 with no leverage

restrictions:

Quote:

Members of the Yahoo MTandI list have developed a list of brokers
who will accept US residents and offer

leverage

of 100:1 and
higher. We are providing this list to help traders who are
interested in pursuing accounts with brokers who offer

greater than
1:50 leverage

. We have not vetted this list and do not endorse any
particular broker

. It's offered as a starting point

for further research.

-------------------------------------------------
Revised List 10-18-10 2:10 pm CST
-------------------------------------------------

Brokerages that Will Accept US Citizens

AAAFX (added 10-12-10)
ActivTrades (UK) (added 10-18-10 Jake)
Arab Financial Brokers (added 10-13-10 Jake)
Askobid.com (added 10-13-10 Hope Boyce)
Broco (added 10-12-10)
Dukascopy (added 10-13-10 from CashBackForex. Note: Bridge
from MT4 to their proprietary platform)
E-global
FBS (added 10-12-10)
Fin FX (added 10-15-10 C Franks Home)
Forex4You (added 10-13-10 Jake)
Forex FS - Australia (added 10-16-10 Jake)
Forex Metals (Panama) (added 10-18-10 Jake)
FOREX MMCIS: (added 10-13-10 Jake)
ForexClub.biz (added 10-18-10 Jake)
FXCast (added 10-17-10 Will accept US citizens if they provide a
non-US address and maintain a bank account outside the US-
Jake)
FXCBS (added 10-13-10 from CashBackForex). Jake confirmed.
FXCompany (added 10-12-10 NB: The Govt of Mauritius stated
it's revoking the business license of FXCompany in May 2010.
Current status is unclear)
FXM Trade (added 10-15-10 Jake)
FXOpen (May be the same as FXCompany. They have
unresolved regulatory issues with the government of Mauritius -
Jake)
GotMoneyFX (added 10-13-10 Jake)
Instaforex
InvestTechFX - Canada (added 10-14-10 Terri Horton)
InvestorsEurope.com (added 10-14-10 Jake)
MF Financial (mffx.com) - UK
MRC Markets (Austria) (added 10-18-10 Jake)
Marketiva
NordFX (added 10-17-10 Jake)
PrimeBank Forex (added 10-15-10 Abhay)
RFXT (Lebanon) (added 10-18-10 Jake)
RVMarkets (added 10-13-10 Jake)
SmartTrade FX - Canada (added 10-17-10 Jake)
Tadawul
Uni-FX (UAE) (added 10-18-10 Jake)
United World Capital (added 10-14-10 Jake)
Windsor Direct (added 10-12-10 Brian Durnil)
WSD Global Market - New Zealand (added 10-18-10 Jake)

______________________________________________
E Forex: Will maintain existing US clients but will not take new US
clients after October 18th.
______________________________________________
ACM Forex (Swiss-based) (added 10-12-10) Note: FPA
recommends caution in dealing with FCM due to legal action
against them
ACM | AC-Markets.com | Advanced Currency Markets reviews and ratings by Forex Peace Army
markets.com

pipsbuster · 2010-10-25, 09:04 PM

An updated list of foreign brokers that confirmed in writing they will continue accepting and servicing US customers after October 18, 2010 with no leverage

restrictions:

Quote:

Members of the Yahoo MTandI list have developed a list of brokers
who will accept US residents and offer

leverage

of 100:1 and
higher. We are providing this list to help traders who are
interested in pursuing accounts with brokers who offer

greater than
1:50 leverage

. We have not vetted this list and do not endorse any
particular broker

. It's offered as a starting point

for further research.

-------------------------------------------------
Revised List 10-25-10 1:45 pm CST
-------------------------------------------------

Brokerages that Will Accept US Citizens

2pipsforex.com (added 10-18-10 Jake)
AAAFX (added 10-12-10)
AccentForex (added 10-20-10 Jake)
Arab Financial Brokers (added 10-13-10 Jake)
Askobid.com (added 10-13-10 Hope Boyce)
Broco (added 10-12-10)
City Credit Capital (added 10-25-10 Jake)
dbFX - Deutsche Bank (added 10-22-10Jake)
Dukascopy (added 10-13-10 from CashBackForex. Note: Bridge
from MT4 to their proprietary platform)
E-global
F|B Capital Markets (added 10-22-10 Jake)
FBS (added 10-12-10)
Fin FX (added 10-15-10 C Franks www.finfx.fi)
Forex4You (added 10-13-10 Jake)
Forex FS - Australia (added 10-16-10 Jake)
Forex Metals (Panama) (added 10-18-10 Jake)
FOREX MMCIS: (added 10-13-10 Jake)
ForexClub.biz (added 10-18-10 Jake)
FXCast (added 10-17-10 Will accept US citizens if they provide a
non-US address and maintain a bank account outside the US-
Jake)
FXCBS (added 10-13-10 from CashBackForex). Jake confirmed.
FXCompany (added 10-12-10 NB: The Govt of Mauritius stated
it's revoking the business license of FXCompany in May 2010.
Current status is unclear)
FXM Trade (added 10-15-10 Jake)
FXOpen (May be the same as FXCompany. They have
unresolved regulatory issues with the government of Mauritius -
Jake)
GotMoneyFX (added 10-13-10 Jake)
HotForex (Mauritius) (added 10-22-10 Jake)
IKOFX (Cyprus) (added 10-22-10 Jake)
Inovatrade (added 10-21-10 Jake) Per Panamanian CNV (the
financial services authority of the Republic of Panama)
Panamanian forex dealers can service US residents if they want to
and there's nothing the CFTC can do since there's no local
regulatory group to enforce CFTC regulations
Instaforex
InvestTechFX - Canada (added 10-14-10 Terri Horton)
InvestorsEurope.com (added 10-14-10 Jake)
LiteForex (added 10-19-10 Jake)
MF Financial (mffx.com) - UK
MIG Bank (Switzerland) (added 10-30-10 Jake)
MRC Markets (Austria) (added 10-18-10 Jake)
Marketiva
NordFX (added 10-17-10 Jake)
OMFinancial (New Zealand) (dded 10-22-10 Jake)
PrimeBank Forex (added 10-15-10 Abhay )
RFXT (Lebanon) (added 10-18-10 Jake)
RVMarkets (added 10-13-10 Jake)
RoboForex (added10-24-10 Terri Horton)
SmartTrade FX - Canada (added 10-17-10 Jake )
Tadawul
TradeNext (added 10-19-10 Jake)
Uni-FX (UAE) (added 10-18-10 Jake)
United World Capital (added 10-14-10 Jake)
Varchev Finance (added 10-19-10 Miro Rusev)
Windsor Direct (added 10-12-10 Brian Durnil)
WSD Global Market - New Zealand (added10-18-10 Jake)

______________________________________________
E Forex: Will maintain existing US clients but will not take new US
clients after October 18th.
______________________________________________
ACM Forex (Swiss-based) (added 10-12-10) Note: FPA
recommends caution in dealing with FCM due to legal action
against them
http://www.forexpeacearmy.com/public/review/www.ac-
markets.com