Thread: Any 100:1 Brokers Left for US Citizens?

I just got an email from FXOpen Stating the following:

Dear Client

On January 26, 2011, the Commodity Futures Trading Commission (”CFTC”) filed a Complaint against FXOpen Investments Inc. (”FXOpen”) in the United States District Court for the Northern District of Illinois (”District Court”). The Complaint alleges that FXOpen failed to register with the CFTC as a retail foreign exchange dealer prior to engaging in certain forex transactions, as is required by provisions of the Commodity Exchange Act and its Regulations.

FXOpen has consented to an Order of the District Court to not conduct such business regulated by the Commodity Exchange Act and its regulations, without properly registering with the CFTC. . It requires which FXOpen liquidate your open positions and close your account.

Consequently, in 10 days (”Liquidation Date”), FXOpen will liquidate all open positions on your account at closing prices on the Liquidation Date according to FX Open's current pricing platform, and immediately thereafter close your account, if you don't liquidate your open positions and close your account before the Liquidation Date.





For this reason I'm wondering if anybody knows of any brokers, especially the ones that provide MT4, that offer 100:1 leverage.

Originally Posted by ;

I just got an email from FXOpen Stating the following:

Dear Client

On January 26, 2011, the Commodity Futures Trading Commission (?CFTC?) filed a Complaint against FXOpen Investments Inc. (?FXOpen?) from the United States District Court for the Northern District of Illinois (?District Court?). The Complaint alleges that FXOpen failed to register with the CFTC as a retail foreign exchange dealer prior to engaging in certain forex transactions, as is required by provisions of the Commodity Exchange Act and its Regulations.

FXOpen has consented...

Even if you found one there is a good chance the exact same thing will occur.

There's not any broker (honest) that will stand against the CFTC.

All that's needed for them to nest is liquidity bargain with US broker or bank. Which they would need earlier or later because of the quantity of US residents searching for these types of brokers.

You will finally have to exchange at 50:1... you may as well begin making plans to do so. It is either open or that an offshore business. But doing this puts you in risk and increases your prices IMHO.