Actually makes even more sense the LARGER the account, so if I'm trading 10 lots with 50 pip stop, I'm risking $5,000, but a US broker would require $40,000 for margin. Yes, you're right, having that extra $35K on deposit unprotected with the broker ...

OANDA Discussion

Actually makes even more sense the LARGER the account, so if I'm trading 10 lots with 50 pip stop, I'm risking $5,000, but a US broker would require $40,000 for margin. Yes, you're right, having that extra $35K on deposit unprotected with the broker ...

OANDA Discussion

You're absolutely correct, I would have no recourse if broker disappears. However, neither do you. Difference is, I will still have 90% of my trading capital, while you, on the other hand, will lose entire account because of the ridiculously LOW ...

OANDA Discussion

Well you keep trading with your US broker and keep putting up 10 times more for margin in your NON-PROTECTED US account. I am sure you're aware the NFA doesn't allow forex accounts to be insured in any way. I will continue to keep 90% of my actual ...

OANDA Discussion

That's why you have good trading conditions....because you are in UK. I am sure you are using a broker not accessible to US residents.

OANDA Discussion

Thank the NFA and CFTC. They have left the US with two options. Why would they be competitive. Yet, as I state over and over, despite their claims of protecting the trader, the regulations do not allow us to trade with safe, regulated brokers from ...

OANDA Discussion

Oh, I use commission based trading. I pay $2.50 each way and pay 1.1 pip on GBPJPY. Have anything similar to offer? Highly unlikely, as the US forex market has become a monopoly due to our great friends at the NFA. Is your commission model DMA/ECN ...

OANDA Discussion

I know and they make it sound like a good deal. lol

OANDA Discussion

So the tax benefit outweighs the increased trading cost? Interesting. Sure wish we could trade with regulated brokers here in the US. I mean other than the two scams that remain.

Dragon Riders GBP/JPY

I use Trader's Way as well, been there 3 years +. Excellent broker. If you have a DMA account, I show GBPJPY spread with your broker under 1 pip.

Dragon Riders GBP/JPY

looks like a great broker. Wish my government would allow me to trade with them. They have a DMA account, why aren't you using it? Overall costs are WAY LOWER, plus your order is directly in market.

Dragon Riders GBP/JPY

US brokers absolutely DO NOT guarantee client funds.

Broker Discussion

Exactly. If you know how to trade, you should trade GBPJPY, GBPAUD, EURAUD, EURCAD, GBPCAD. All have tremendous ranges. Fuck those USD pairs, they aren't worth a shit.

Dragon Riders GBP/JPY

I have 1.1 spread. If you have higher you probably are trading with a market maker who is trading against you by holding the other side. In my opinion, nobody should trade with these brokers. Switch to an ECN/DMA broker where you pay a small ...

Dragon Riders GBP/JPY

Why would an Aussie use this broker? You have every top of the line regulated DMA/ECN broker in the world at your disposal. Why would you choose a shady, market maker who holds the other side of your trades? Wish I had your options!!!

OANDA Discussion

This is great. It's funny though how the things they make money on (Vegas, state lottery) nobody gives two shits where your money comes from. I can walk into a casino and put my life savings on black, nobody at the door asking where I got the money ...

Advice on Good Broker Based in US and Accepting US Clients

Absolutely correct, at least as bad, if not worse than FXCM. This is what irritates me about US regulation. They claim they are protecting the trader, but yet they allow firms like this to operate. Meanwhile, the truly solid regulated brokers of the ...

Advice on Good Broker Based in US and Accepting US Clients