Not neccessary to have huge winning %, it works the same way as if I had 50:1 broker. So, let's say I have 10K to trade with in my bank account, and I want to risk 2% on a trade. Let's say 5 minis on EURUSD with a 40 pip stop. With my broker, I only ...

FXCM Discussion

They can't be regulated BY ANYBODY. Look at all the good brokers regulated in the UK, Australia, Dukas in SWitzerland. None of them can accept US clients because of US regulations, not those of their own country.

FXCM Discussion

It is so ironic that so many people trust FXCM, Gain, etc. despite the thousands and thousands of complaints, not to mention the regulatory actions. Yet, because a broker is offshore, it automatically means they are not to be trusted. The brokers ...

FXCM Discussion

That's the entire point of using a 500:1 broker. I only have 10% of my trading capital on deposit, the rest sits in my bank account until if/when needed. If they take off, I still have 90% of my capital.

FXCM Discussion

Been with them three years, not one issue ever. FXCM does provide a physical address, what's your point?

FXCM Discussion

Not sure what broker you are speaking of. Mine is ECN with very thin spreads and $3.50 per lot commission.

FXCM Discussion

I actually try to keep it under the radar of the regulators, but at the same time feel obliged to help fellow US traders.

FXCM Discussion

My broker is $5 flat + 1.9 %. They now offer e-wallet which is even less. Bank wires are always expensive but this is of course due to the banks themselves.

FXCM Discussion

This post is absolutely correct. I have watched price come within .01 of my stops hundreds of times with my offshore broker and never get hit. Those stops would have been crushed with a US broker. The offshore brokers who are not regulated are ...

FXCM Discussion

Yes, the amount on deposit with the broker is just a small % of my actual trading capital. The majority is held in my bank and transferred if and when needed.

FXCM Discussion

Just found this on the forex scam alert site. I have been touting this for years, seems like they actually stole my verbiage. High leverage to keep margin deposits small. Great care must be taken when using leverage. Before following this advice, ...

FXCM Discussion

Been trying to tell everyone. Only some listened, and they are all trading happily and restriction free on a true ECN with the same offshore broker I use.

FXCM Discussion

Risk has nothing to do with leverage. If I have 10,000 in trading capital and I am risking $200, it is 2%. This is regardless of the leverage my broker offers. By trading with a broker offering 500:1 vs. the 50:1 offered in the US, I only need to ...

OANDA Discussion

Missing the point completely. My entire point is regarding the fact that I need to put up atleast 10 times the amount for margin to eceexute the same exact size trade if using a US based, CFTC regulated broker vs. anywhere else in the world. I ...

OANDA Discussion