Its been the subject of several discussions, personally I didn't cover
special attention to this. However, it seemed that even long term traders
do not understand what's happening precisely.
It is US and overseas brokers. I can't state any names .
Some time ago hedging was illegal to US brokers. Foreign brokers continued using it. Afterward the leverage 1:50 was enforced to US brokers when overseas brokers still like 1:500.
Following this leverage issue I opened account with an European broker and has been everything OK but recently I decided to open MT5 account and they said: we accept all except US taxpayers. In my question'why' I have answer that we do not want to have transactions problems. Another broker explained We don't accept US Citizens it's the rules of our Company.
You will not be able to enroll from US or exchange.
They even track proxies on registering or trading out of USA.
Can anyone explain what's actually happening?
Thanks.