Dukascopy is NOT a broker, they are a bank like MIG, DB FX, Citi fx pro and Saxo bank. And all banks accept US clients. MIG Bank has a leverage of 1:500 and a min deposit of 2000 USD.

Americans- What Brokers can we use?

First, let's be clear who is a broker and who is not. MIG, Dukas, etc are banks and there is a world of difference. The new leverage requirements of 1:50 applies to most brokers but doesn't apply to banks as of now. Alongwith knowing the brokers ...

Offshore Brokers... Solution to CFTC

Don't want to lose what??? Our poverty???

Offshore Brokers... Solution to CFTC

If you are a US resident, then you cannot open with them IMWO. They are like GOM, same regulations.

Got Money FX

MIG is not a broker first of all, they are a BANK.

Micro-lots possible for US residents now?

Why wouldn't one go with MIG when they are similar in every respect to Dukas but offer 500:1 leverage!!!

Micro-lots possible for US residents now?

I didn't say it is impossible, it is a steeper climb. If you have a solid strategy, any leverage is good enough. But, the problem is, whatever the strategy, there are only so many trades that you come across and can take. And the profit potential is ...

Micro-lots possible for US residents now?

In any case, I would recommend checking with CFTC as they are best positioned to advice on this. We all can only guess.

no regulations stopping US residents from opening offshore accounts

Can you please share the link where it says "until 2011" because you seem to know more than the banks. Even they are looking into this and don't know much about this rumor.

no regulations stopping US residents from opening offshore accounts

If you are in the US, is it true that you can no longer trade with dukas or any non-US bank after July 2011? In any case, why would anyone not go with MIG who offer 1:500, is a regulated bank and a min deposit of 2000 USD is beyond me.

Dukascopy Live Account - Don't Post if you haven't traded live with them!

You can still tade with a small capital in micro or mini. But it's going to be a much steeper climb with the lower leverage.

Micro-lots possible for US residents now?

Low leverage is equal to no trading in my view unless you have a capital in 6 figures

Americans- What Brokers can we use?

I just checked with MIG over live chat and what you said is incorrect.

Offshore Brokers... Solution to CFTC

Americans can use all brokers. The question is with what leverage???

Americans- What Brokers can we use?

MIG Bank is accepting US clients, all banks are, including Saxo bank, DB FX and Dukascopy. MIG offers 1:500 leverage

Offshore Brokers... Solution to CFTC

Just like GOM, they are also regulated by ASIC, so this is out of question for US clients. From their website: "Located and licensed in Australia, client funds are regulated by ASIC and held in accordance with the Corporations Act 2001 in Australian ...

GoMarkets Discussion

I checked the CFTC website and couldn't find this provision, can someone point me to this?

Offshore Brokers... Solution to CFTC

Are they regulated? If yes, they are impacted by the new law as all/most regulatory boards have a MOU with CFTC. So far, only banks are exempt, like MIG Bank, Saxo bank, dbfx, Dukascopy, etc.

GoMarkets Discussion

Why do you say "until 6/2011"? What after that? These banks are regulated by a different authority and aren't impacted by the new law, to the best of my knowledge.

Offshore Brokers... Solution to CFTC

The banks that are accepting US residents are: Updated list: MIG Bank - 1:500 (Min deposit $2000) Citi Fx Pro - 1:50 (Min deposit $10000) Saxobank - 1:200 (min deposit $10000) Dukascopy - 1:100 (min deposit $1000) DBFX - 1:100 (min deposit $5000) ...

no regulations stopping US residents from opening offshore accounts