This is what happens when trading with a broker who holds the other side of your trade. They will pull all the tricks to make you lose. C'mon, Oanda fans, tell me I'm wrong like you always do, but its the facts. Told everyone about FXCM years ago ...

OANDA Discussion

Trust me, if it was 10K, the other two would be out of business. It is the only true DMA/ECN in US, meaning only broker which doesn't trade against the client.

OANDA Discussion

Yes, IB is 10 million. Tell me what % of traders have that balance. Gain is Forex.com.

OANDA Discussion

US residents have two choices....Oanda and Forex.com. That's it.

OANDA Discussion

That's what happens when you create a monopoly. Thanks NFA.

OANDA Discussion

It's so funny when you click on the brokers tab in the US, you only get 2. 7-8 years ago, there were dozens. If the NFA gets their ultimate goal, we will be clicking that tab and nothing will be there.

List of Brokers taking U.S. Clients with hedging, scalping and no FIFO

Tallinex shut down US citizens months ago. However, if you're in the US and trading with a US broker, you are being ripped off by high spreads and you are putting up 10 times more for margin than you need to. To boot, the good 'ole CFTC prohibits ...

List of Brokers taking U.S. Clients with hedging, scalping and no FIFO

Well let's start with the biggest, FXCM. Had they not had a last second bailout after SNB, everyone would have lost their accounts. Your funds are not protected by NFA regulated broker. Even if the broker wanted to, the NFA prohibits it.

OANDA Discussion

Actually makes even more sense the LARGER the account, so if I'm trading 10 lots with 50 pip stop, I'm risking $5,000, but a US broker would require $40,000 for margin. Yes, you're right, having that extra $35K on deposit unprotected with the broker ...

OANDA Discussion

Actually makes even more sense the LARGER the account, so if I'm trading 10 lots with 50 pip stop, I'm risking $5,000, but a US broker would require $40,000 for margin. Yes, you're right, having that extra $35K on deposit unprotected with the broker ...

OANDA Discussion

You're absolutely correct, I would have no recourse if broker disappears. However, neither do you. Difference is, I will still have 90% of my trading capital, while you, on the other hand, will lose entire account because of the ridiculously LOW ...

OANDA Discussion

Well you keep trading with your US broker and keep putting up 10 times more for margin in your NON-PROTECTED US account. I am sure you're aware the NFA doesn't allow forex accounts to be insured in any way. I will continue to keep 90% of my actual ...

OANDA Discussion

That's why you have good trading conditions....because you are in UK. I am sure you are using a broker not accessible to US residents.

OANDA Discussion

Thank the NFA and CFTC. They have left the US with two options. Why would they be competitive. Yet, as I state over and over, despite their claims of protecting the trader, the regulations do not allow us to trade with safe, regulated brokers from ...

OANDA Discussion

Oh, I use commission based trading. I pay $2.50 each way and pay 1.1 pip on GBPJPY. Have anything similar to offer? Highly unlikely, as the US forex market has become a monopoly due to our great friends at the NFA. Is your commission model DMA/ECN ...

OANDA Discussion

I know and they make it sound like a good deal. lol

OANDA Discussion

So the tax benefit outweighs the increased trading cost? Interesting. Sure wish we could trade with regulated brokers here in the US. I mean other than the two scams that remain.

Dragon Riders GBP/JPY

I use Trader's Way as well, been there 3 years +. Excellent broker. If you have a DMA account, I show GBPJPY spread with your broker under 1 pip.

Dragon Riders GBP/JPY

looks like a great broker. Wish my government would allow me to trade with them. They have a DMA account, why aren't you using it? Overall costs are WAY LOWER, plus your order is directly in market.

Dragon Riders GBP/JPY