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[Sticky] Forex Brokers that accept usa clients


JamesBay
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I have been researching for a month which intl broker would accept USA customers.  Below was my criteria:

 

1. low spreads

2. fair commissions

3. ECN

4. low ping to my VPS (london)

5. At least 1:500 leverage

6. reputable with good customer service

 

Aside from the normal USA brokers, the one's I found was:

 

- Hugo's Way

- AAFX

- Trader's Way

- PaxForex

 

Pax is the only one however, that is on the border of being acceptable. 

 

Hope my research will help someone.  The USA brokers typically have leverage of only 1:50 or 1:20 and has the FIFO rule.  So, it is not advantageous to run an EA or scalp with them.

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JamesBay
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Adding Coinexx to the list now.  Good broker, but not a great night scalping one.

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Aravind
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Thank you. Please let me know if TurnkeyForex is reliable offshore broker ?

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JamesBay
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@aravind

 

image

 

Well, I tried to sign up.  It is not a good sign that when you attempt to verify your email you get this.  I would not trust them,

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JamesBay
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I now have accounts with Sagefx, Eaglefx, Prosperityfx, Hugos, coinexx and Cedarfx.  Have tested deposits and withdrawals with all and all seem to be good.  However, the trading conditions on all (except coinexx) are not great when compared to pepperstone, ICM, etc.

 

I have completely left Traders way because at some point, they will cancel my accounts anyway because they are no longer accepting USA customers.

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JamesBay
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All - thought I would share this with you.  Good article for american forex traders.

 

https://consultingforex.com/can-us-citizens-trade-forex-overseas/

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