U.S. Broker Choices (FXCM Orphan)


4 1
Typical conspiracy theory:devilish:... other large brokers like IB have not gone out of business!

the lowering of leverage to 1:50 for retail traders was implemented for a good reason! to reduce the "Gambling" nature of this game!
Without such regulations crazy leverage like 1:500 (n) would work to the benefit of brokers...
One can consider Exchange Traded Currency Futures , still get some leverage and all the advantage of being trading on an Exchange:smart:

IB is not accepting US forex traders, with some exception.

But basically, it is not a broker for normal US forex retails traders.
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5 0
any hours of research, trying to figure out which broker I will go with. I find that there are 2 choices - Gain Capital/Forex.com or Oanda.
I have been with Oanda in the past, it was ok
Now forex.com is a path to trouble. I am their unhappy customer. God knows, I was patient. Developed scripts to work around their issues. But no, impossible to be successful with them. I posted some of my experiences here:
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