@pipmaster77 is correct that it is not against any regulation for a US trader to open an account with an offshore broker. It IS against regulation for that broker to accept US accounts, and for any person based in the United States to act as an ...

Need US broker for a large account

@pipmaster77 - Yes, the NFA could do more to protect client funds. My vote would be for FX and Futures to fall under SIPC Insurance (same as stocks). But to say that the NFA only regulates the trader and not the broker is just inaccurate ...

Need US broker for a large account

With the amount of regulation imposed on NFA regulated brokers it is next to impossible for them to manipulate the trading conditions. Even if they could manipulate the conditions none of the big three left would take that risk due to the massive ...

Need US broker for a large account