Which US based forex broker to go with? - Page 4
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Thread: Which US based forex broker to go with?

  1. #31
    Quote Originally Posted by ;
    quote That's very interesting thanks. Would you mind posting that link? Ok so I just went to https://www.danielstrading.com/login place my login information in it and it did not recognize it.
    Apologies for any confusion, Joe
    You would still must finish a separate Daniels Trading agreement to cover futures, options, etc.. Any more questions, please feel free to PM.

  2. #32
    Quote Originally Posted by ;
    quote You Are referring to Oanda and FXCM right? Yeah they're both MM Brokers but that doesn't make a difference if you're a proficient trader.
    Sure it will. Their spreads and commissions are too high. That cuts into your profits. As an instance, my disperse on GBPAUD is 2.5 pips less than either of those brokers. My quantity is 10 million each month. That's $2500 less a month at spreads, so even with a commission of $600 on that 10 million, that's 1900/month. I'll take that additional $24,000 in the end of the year. Additionally, I just have to keep 10% of what I'd with a US broker for margin, whereas the other 90% of my funds sits securely within my FDIC insured bank account. Therefore, yes it makes a difference, but thanks for submitting.

  3. #33
    Quote Originally Posted by ;
    quote Sure it does. Their spreads and commissions are too high. That cuts into your profits. For example, my spread around GBPAUD is 2.5 pips less than either of those brokers.
    So that broker are you currently trading with at this time?

  4. #34
    Ahh . . Those US traders aren't that lucky as others for they have a lot of limitations by their prevailing law to exchange with offshore brokers and moreover many online brokers does not accept traders out of US. Better they should check any other options to make some good returns on their earnings.

  5. #35
    I just wanna let everyone understand that FOREX.com and Oanda are not the only US retail brokers. Have you heard of ATC Brokers? It blows the two from the water, palms down. The spreads are very aggressive, can not even compare forex.com and oanda. Commission is $0.80 per round trip per 0.01 lot for all pairs. The only minor drawbacks are the minimum deposit is $5000 and lowest trading sum is 0.05 lots. It's still not that bad. They're Also regulated by the NFA and CFTC.

  6. #36
    Quote Originally Posted by ;
    I just wanna let everyone understand that FOREX.com and Oanda are not the only US retail brokers. Have you guys heard of ATC Brokers? It blows off the 2 from the water, palms down. The spreads are very aggressive, can't even compare with forex.com and oanda. Commission is $0.80 per round trip per 0.01 lot for many pairs. The only minor drawbacks are that minimum deposit is $5000 and cheapest trading sum is 0.05 lots. It's still not that bad. They are also regulated by the NFA and CFTC.
    Thank you for putting the word out. I have not ever heard of these before, but I am definitely going to check them out. I currently trade through TD Ameritrade, but they are just as expensive as Forex.com, since they route their orders Gain Capital, who is Forex.com's parent firm. I cover a complete pip more per trade compared to what I'd even pay with Oanda by trading together at the moment.

  7. #37
    Quote Originally Posted by ;
    I just wanna let everyone understand that FOREX.com and Oanda are not the sole US retail brokers. Have you heard of ATC Brokers? It blows off the two from the water, hands down. The spreads are extremely competitive, can't even compare forex.com and oanda. Commission is $0.80 per round trip per 0.01 lot for all pairs. The only minor drawbacks are that minimum deposit is $5000 and cheapest trading sum is 0.05 lots. It is still not that bad. The NFA and CFTC also regulates them.
    ATC was an IB to get FXCM prior to filing for Chapter 11. No Thanks.

    https://www.leaprate.com/news/fxcm-d...ate-exclusive/

  8. #38
    Quote Originally Posted by ;
    quote ATC was an IB for FXCM before filing for Chapter 11. No Thanks. Https://www.leaprate.com/news/fxcm-d...ate-exclusive/
    Whoa Thank you for the heads up on that one! I'll pass.

  9. #39

  10. #40
    Quote Originally Posted by ;
    Ahh . . Those US traders are not that lucky as others for they have a lot of restrictions by their existing legislation to trade with offshore brokers and furthermore several online brokers will not even accept traders from US. Better they need to check any other alternatives to earn some good returns on their income.
    Yes it is. That means they are unfortunate that's not right

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