Which best broker allows hedging in the same account for US clients? - Page 2
Page 2 of 612 FirstFirst 12
Results 11 to 16 of 16

Thread: Which best broker allows hedging in the same account for US clients?

  1. #11
    I am currently demoing ILQ since they also let back office hedging and non-fifo. Again as stated by many, it's transparent to the MT4 platform so works with EA's

    I have seen a lot of comments about it being illegal for US residents to open accounts at non CFTC brokers. I have yet to read or see anything official that speaks to the legality of a US citizen trading Currency Market or any other investment instrument offshore.

    What the Frank/Dodd behave addresses (from what I can figure out) is that the NFA and CFTC requiring brokers not provide hedging, etc. to US based traders.

    The regulations are stipulated to enforced on the brokers, not the traders.

    If anybody has anything different they can point to I would really like to see it to clear this up in my own mind.

  2. #12
    Following is a fantastic read on the ruling.
    Http://www.nfa.futures.org/news/PDF/...Adj_112408.pdf

    Especially note toward the bottom of page. Notice it is dealing with FDMs (Forex Dealer Members) and their own compliance.

  3. #13
    Quote Originally Posted by ;
    I am currently demoing ILQ as they also let back office hedging and non-fifo. Again as stated by many, it is transparent to the MT4 platform so works with EA's

    I have noticed a lot of comments about it being illegal for US residents to open accounts at non CFTC brokers. I have yet to see or read anything official that speaks to the legality of a US citizen trading forex or any other investment instrument offshore.

    What the Frank/Dodd act addresses (from what I could figure out) is that the NFA and CFTC requiring brokers not offer hedging,...
    All of US brokers are going to let you know the same thing. All of them say it's illegal to open an off shore account which you simply cant hedge. The truth is you're able to open an account off shore as long as the off shore broker is not regulated by the US. I currently have an off shore account and have been together for over a year. The Broker I use is among the very best Brokerage firms I've ever been with. I don't have any restriction on I commerce and that I Hedge the markets all day and make decent money. While I want to generate a draw the money is in my account in only 3 days. The NFA does not need US clients to be successful in trading. Trading is tough enough as it is and the stupid rules which the NFA has made earn imposable to make money. The only way you can really make money is to get an off shore account. I would love to help any one in the US get an off shore account. I despise the NFA and I am certain that I am not alone.

    Bryan

  4. #14
    To go back to the initial question, assess FinFx. They accepted US clients some time ago with Fifo guideline or no hedgingcheck if it is still the situation.

    Should I hear of other brokers, I will update here, however there Aren't Many that propose this today ;(

  5. #15
    Quote Originally Posted by ;
    quote All US brokers will tell you the same thing. They say it is illegal to open an off shore account and that you cant hedge. The truth is you can open an account off shore as the off coast broker isn't regulated by the united states. I currently have an off shore account and have been with them for over a year. The Broker I use is one of the best Brokerage companies I've ever been with. I don't have any restriction on I commerce and that I Hedge the markets all day and make decent money. While I want to generate a draw the cash is in my own...
    shaffe101, I'm interested in hearing about setting up offshore account to achieve hedging and higher leverage. Can you tell me. I'm a citizen.

  6. #16
    Quote Originally Posted by ;
    quote shaffe101, I'm interested in hearing more about establishing offshore account to attain hedging and greater leverage. Can you tell me. I'm a citizen that is us.
    It's illegal to utilize hedging on one single account together with US brokers.The way out is to utilize brokers which aren't governed by the united states. I utilize hedging egy all day and my broker is FxGlory. I've been using them with no challenges because 2014. They are one of the brokerage firms I've ever been with. I Hedge the markets most of the time and make reasonable profits. The good part is that I get my withdrawal requests done in under 24 hours.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
This website uses cookies
We use cookies to store session information to facilitate remembering your login information, to allow you to save website preferences, to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners.