CFD trading for US Resident

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dstock

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As far as I know residents of the United States cannot trade CFD's. I am a resident of the US and am looking to start trading CFD's. I currently trade forex mostly, but CFD is very very appealing. I gone to various broker websites like Man and D4F and they say it is not available to US cusomters. But, I've also gone to other brokers, specifically Alapri, which is based out of the British Virgin Is., and they do not say their is a restriction for US residents. A couple of other websites say this as well.

Anyone a US resident and found a way to trade CFD's, with which broker?

Anyone here use Alpari to trade CFD's? MT4 is a great platform, I use it for FX.

Thanks for the responses.
 
Pardon my ignorance. I'm looking to basically have the ability to buy and sell stocks, commodities, futures, and currencies leveraged with the lowest initial amount of investment.

I asked about CFD's because I noticed alpari's mininmum account size in $200 for forex and cfd's. I trade forex because it is leveraged, liquid, and volatile. I am simply looking to expand into different markets.

As far as I know, I am restricted by regulation T here in the US and need $25K to daytrade, I am looking to get around this.

I hope this clears things up and thanks.
 
I'm not quite sure about the legislation in United States, but have you thought about putting up a company in another country, which you could use to trade the CFDs on your behalf, and then you could distribute the possible profits as dividends/other ways?
 
Quoting dstock: "mininmum account size in $200 for forex and cfd's".

If the trading capital is say, $100,000, and the profit per year is similar to that amount, then it may be sensible to use the "company in another country, distribute the possible profits as dividends/other ways".

But if the account size is $200 or so?
 
US regulations won't allow it's citizen/resident to trade CFDs, like dstock said above.

:(
 
quakee said:
guy guys guys

do your research CFDs are easily traded at WWW.gcitrading.com
Click to expand...
I will go on gci's live help and check it out tomorow. I takled to man financial and they said it would only be possible if I incorporated somewhere else like Canada, etc. I dont' know why CFD's are restricted for US residents. I dont' know if there is a penalty for transferring the funds back to the US. Looks like I've got some research to do.

As far as I know, they are restricted for US residents. If you know for sure someplace they aren't, please let me know ASAP!
 
Have you checked with eTrade? They have US and UK branches, and Australia, and Hong Kong and Canada and others.
 
Anonymous said:
Interesting site, looks like it's in Russia. I'm studying it.

There is www.saxospread.com, launched by www.saxobank.com . The bid-ask spread is a bit wide though.

Or, www.iii.co.uk .

I am not familiar with regulation T, sorry.
Click to expand...

Avoid Saxo. Here's one among several posts explaining why: "Saxo 'Bank'? I advise you VERY strongly to read everything you possibly can about them before considering them. Not only here, but at MoneyTec and EliteTrader too. And think about who regulates them and read things written by the many people who've tried to call on the help of their 'regulator'. (But if you do that, you _certainly_ won't be opening an account with them.)"
 
I got denied by GCI, so I use northfinance.com. $100 minimum account balance, very similar to alpari, also uses MT platform.
 
Thanks for the info. Northfinance has a limited selection of stocks, and I couldn't find if they allow us customers.

dbriorbyd I sent u a pm.
 
Anyone who wants to trade CFDs form the US contact me. I can get you set up. I work with several different brokers and will place you accordingly.
 
Guys,

Its appauling that the biiger brokerage house are actually not allowing US residents to trade on CFD...its not the fault of foreign brokers....your goverment does not permit it due to pressure from big brokerage and banks..ha !! the most free country in the world...is it
 
Why would you need CFDs?

You have margin accounts in the States, over here we have to use CFDs (in general) to trade on margin.

JonnyT
 
Interesting thread. I am in the states and always thought CFD's were cool because of the low margin to carry the stock.

JonnyT,

In the states, we can trade everything from futures etc. CFD's have that dirt low margin and if you know what you are doing ---u can run an account up in no time. Especially, if you catch a good trend. Alot of the CFD companies are trading Gold/silver on dirt low margins as well. Stock margins are 50% in the states (if you hold overnight).

http://www.odlsecurities.com/

Anyone know anything about the above company? Especially, you Brits--they are in your neck of the woods and have been around a while.
 
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