You know what, screw all this extraterritorial bureaucracy. Time to say hello to the CFTC, FIFO, non-hedging, and 1:50. As long as the pip cost per lot remains the same, I hope, I'm not going to mind the 1:50 leverage. All I need is twice the amount ...

no regulations stopping US residents from opening offshore accounts

Please excuse my ignorance. But, why do you say that? Is it because Deutsche Bank will now be considered an affiliate of a US broker? (FXCM)

FXCM Discussion

I heard that the CFTC has no jurisdiction over banks, just brokers. Is this true? If so, then it's time to open accounts at dbFX. The platforms are practically the same, and leverage is 1:100.

FXCM Discussion

dbFX licensed the use of FXCM's FXTS2 platform. dbFX uses the FXTS2 platform and feeds their own prices and market into it. They don't use FXCM's feed. This is a common practice in many industries of business. For example, did you know that the ...

Honesty - dbFX

Excuse my ignorance, but from what I just searched about this, doesn't this issue only apply to UK stock markets and *not* forex?

FXCM Discussion

Why is this rep so certain here... ...but not very certain here? This doesn't qualify as a straight answer to me. And of course the laws have not changed the leverage for UK accounts because they're governed by the FSA.

CFTC NEW Document - Overseas Accounts OK?

I care. I still don't know what will happen to my US account with FXCM UK.

CFTC Final Retail Forex Rules - 50:1 Leverage

CFTC's final rules were laid down yesterday. I'm confused here, what will FXCM UK do with their existing, and future, US accounts?

FXCM Discussion

Proposed? I thought they were final. And now set to go into effect on Oct 18.

CFTC Final Retail Forex Rules - 50:1 Leverage

So.... I take it US residents are still allowed to have offshore accounts?

CFTC Final Retail Forex Rules - 50:1 Leverage

Nah, you don't need to be a customer. Been using their demo accounts for months.

FXCM Discussion

It's LUA. There's an API kit somewhere on the url forums. You can make indicators for Marketscope, and you can make your own program that interfaces with FXTS2. Then there's this newer platform that Jason Rogers has been going on about for the ...

FXCM Discussion

They do.

FXCM Discussion

How does this actual/real leverage matter in regard to the margin leverage 'brokers talk about when marketing their platforms? I thought people were happy with just saying what percentage of their account they used in their trades.

US citizens won't be able to have forex accounts overseas

I agree. Finally! Someone made it. Semafors and tick volume on the FXTS2 platform... I never thought I'd see the day. This is awesome.

FXCM Discussion

So... essentially... FXCM has built their own version of MetaTrader, complete with tick volume?! Nice... I remember a while back, I requested that FXCM put in an implementation of the 3 Level ZZ Semafor indicator from MT4. Recently I saw that there ...

FXCM Discussion

In continuation with my previous example, here is another showing what it's like for a trader who has to make a living with the profits of his trading. In this example we are not going to compound anything. Being a bit more realistic, let's say this ...

US citizens won't be able to have forex accounts overseas

That's a good question to ask Jason Rogers about in the FXCM Discussion thread. My hope is that existing UK accounts to US residents will be allowed to stay. But my guess is that they will probably be forced to convert the existing accounts back to ...

US citizens won't be able to have forex accounts overseas

Your appreciation is received. I hope it helps those who are against the laws to prove their point. I can now see that those who live in the UK won't really be bothered to care about the leverage laws. This is something to keep in mind. Getting a UK ...

US citizens won't be able to have forex accounts overseas

I will attempt to give an example of the effects of the leverage changes using an account with FXCM Micro. FXCM US Micro... approx 1:100 EUR/USD = $15 = 1:066.67 GBP/USD = $17 = 1:058.82 USD/JPY = $10 = 1:100.00 AUD/USD = $10 = 1:100.00 FXCM UK ...

US citizens won't be able to have forex accounts overseas