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- pipmaster77 replied Sep 1, 2016
It's actually quite simple. Let's use round numbers for simplicity. I have $25,000 to trade forex with. In the US, I need to deposit the entire $25,000 for margin to execute the size trades I want. By trading offshore, I keep $20K in my FDIC insured ...
FXCM Discussion
- pipmaster77 replied Sep 1, 2016
Well, if you trade anything but USD crosses, there is absolutely no volume. You cannot scalp, not even sure what the shortest time you may be in a trade is. I prefer the flexibility of many instruments and moving in and out however I wish, whether ...
Reality of FOREX: my experience with brokers + share yours
- pipmaster77 replied Aug 31, 2016

Insured funds??? roflmao
Ironically, these wonderful regulations which require us to deposit 10 times more than the rest of the world because they feel leverage hurts us, do nothing to protect our funds. If a US broker goes ...FXCM Discussion
- pipmaster77 replied Aug 29, 2016
Being a resident of the US, I trade offshore with Trader's Way. I know there will be several in disagreement due to them not being regulated. However, I've been there 3 years and have never had a frozen platform or random price spike not found ...
Reality of FOREX: my experience with brokers + share yours
- pipmaster77 replied Aug 21, 2016
Wow, you haven't bothered me in over 10 days and there I am popping up in your post. Now, may I ask, what have I done to be labeled a fraud?
Dragon Riders GBP/JPY
- pipmaster77 replied Aug 21, 2016
Wow, had not thought of that, but it actually makes the most sense.
Breaking News: CFTC charges FXCM with undercapitalization
- pipmaster77 replied Aug 20, 2016
Yes, very true. However, I do not have an issue with the banks doing it. I have an issue with the broker having the conflict of interest with me while they are the ones controlling the software. We already know it's a manipulated game, but it can ...
Breaking News: CFTC charges FXCM with undercapitalization
- pipmaster77 replied Aug 20, 2016
Well there are only two others left, they drove every one else away. Oanda and Forex.com were not under capitalized because they made a killing that day. They made all the money their customers lost. Then tried to look like the "good guys" by ...
Breaking News: CFTC charges FXCM with undercapitalization
- pipmaster77 replied Aug 19, 2016
Now I am far from an FXCM fan, however this only further demonstrates what morons are regulating this industry in the US. FXCM was temporarily undercapitalized due to their NDD model, while the thieves at Oanda and Forex.com profited on that very ...
Breaking News: CFTC charges FXCM with undercapitalization
- pipmaster77 replied Aug 19, 2016
Describes every broker in the USA under CFTC "regulation"
Dragon Riders GBP/JPY
- pipmaster77 replied Aug 19, 2016
Oh, please don't take me the wrong way. I am only trying to be helpful. I trade where I trade because I'm in US and don't have many options. It's either be cheated or go offshore. However, if you are not in US, there are many GREAT options to chose ...
Reality of FOREX: my experience with brokers + share yours
- pipmaster77 replied Aug 19, 2016
It may be broker specific what they offer on each platform.
Spotware cTrader suggestions, improvements and issues thread
- pipmaster77 replied Aug 19, 2016
Great idea. I have a demo with FXOpen for all of my charting and indicators and leave my live account free of all of that.
Dragon Riders GBP/JPY
- pipmaster77 replied Aug 19, 2016
Wow, have you done any research at all on Octafx? I mean, I really don't understand some folks choices for brokers. I can see making a bad decision when there are mixed reviews, but can you find just one good review on Octa? Where do people get the ...
Reality of FOREX: my experience with brokers + share yours
- pipmaster77 replied Aug 19, 2016
I use "land of the free" as sarcasm as I do not understand why we are not free to trade restriction free as the rest of the world. When you read the fine print at the brokers who won't accept US clients, it is generally "we do not accept clients ...
Reality of FOREX: my experience with brokers + share yours
- pipmaster77 replied Aug 18, 2016
I fully agree. However, the issue then in the US, "land of the free", is the laymen who want to trade a small deposit into a larger account will never succeed simply due to the brokers they must trade with. Those brokers are only there to bleed that ...
Reality of FOREX: my experience with brokers + share yours
- pipmaster77 replied Aug 18, 2016
Or in a US regulated firm, would have gotten nothing as well. Funny thing is, traders in the US think NFA and CFTC are protecting them.

Alpari UK bankruptcy update: 79 cents on the dollar
- pipmaster77 replied Aug 17, 2016
Wow, too funny. They deleted my post that contained a link to a MT4 plug-in used to scam traders out of money. Said it was a code of conduct violation. AS if exposing the cheating, lying, scamming brokers we have to deal with in the US is not ...
FXCM Discussion
- pipmaster77 replied Aug 17, 2016
I used to trade with Dukascopy as well, until my US nanny told me I couldn't. Use the JForex platform, anytime you don't need MT4 , don't use it. They actually have an excellent JForex mobile for android, iphone and ipad. Matter of fact, when I was ...
Reality of FOREX: my experience with brokers + share yours