WHY DO MOST OFFSHORE BROKERS DON'T ACCEPT US RESIDENTS? I still don't know the answer
WHY DO MOST OFFSHORE BROKERS DON'T ACCEPT US RESIDENTS? I still don't know the answer to this?
Glad not to be a US Citizen 
Cheers
WilsonUS residents can not trade with a broker that is not CTFC (U.S. Commodity Futures Trading Commission) regulated (from January 2011). It is simply a law that is applied to US residents (and if it is not honored, CTFC is happily suing brokers not stating that, in case of offshore brokers, they do not accept US residents as clients)
I think it is a part of Anti Money Laundering rules : Anti-Money Laundering - CFTC
Thank you seniors for your fast response! 
Wilson
US residents can not trade with a broker that is not CTFC (U.S. Commodity Futures Trading Commission) regulated (from January 2011). It is simply a law that is applied to US residents (and if it is not honored, CTFC is happily suing brokers not stating that, in case of offshore brokers, they do not accept US residents as clients)
Thanks mate. I also got to know this now.
Most "ALL" brokers use plugins to screw their clients , US regulated brokers are less likely to do so because they are audited
Most "ALL" brokers use plugins to screw their clients , US regulated brokers are less likely to do so because they are audited
Do you have any examples?
US residents can not trade with a broker that is not CTFC (U.S. Commodity Futures Trading Commission) regulated (from January 2011). It is simply a law that is applied to US residents (and if it is not honored, CTFC is happily suing brokers not stating that, in case of offshore brokers, they do not accept US residents as clients)
Good explaination, I didn't know that
Do you have any examples?
Sure plenty if needed
First check the videos in this post
https://www.forex-tsd.com/forum/commercial-talks/9574-instaforex-www-instaforex-com/page149#comment_653357
Also check these two links
Two brokers by name : FXDD and IC Markets refused my application for PAMM after they saw my statement and how I hedge my trades.
I got screwed by many well known brokers because of their plugins , some of which are Alapri and IBFX and Gain Capital
Most"ALL" brokers use plugins, and thats why a system developed and tested over year when placed on a real market works for few months , then the broker pull the plug on it .
A very obvious example is news trading , back in 2004 till 2007 it was fun and profitable to trade news , you can't do that these days without getting screwed with the spread or MT4 freeze , another example is the night scalpers , brokers will stop you ,no matter how good your system were
You will have the best feed and execution as long as you lose money , the day you start making money and taking that money out of the account the day you will be moved to another server and face re-qoutes , bad fills , MT4 freeze ... etc
Just keep in mind we don't trade the forex market , we trade the forex feed INSIDE the broker server , so ECN , no dealing desk , fast fill .... is all B.S because at the end ur trade will never leave the broker server unless you trade a 50M$ account with a bank.
Sure plenty if needed
First check the videos in this post
https://www.forex-tsd.com/forum/commercial-talks/9574-instaforex-www-instaforex-com/page149#comment_653357
Also check these two links
Two brokers by name : FXDD and IC Markets refused my application for PAMM after they saw my statement and how I hedge my trades.
I got screwed by many well known brokers because of their plugins , some of which are Alapri and IBFX and Gain Capital
Most"ALL" brokers use plugins, and thats why a system developed and tested over year when placed on a real market works for few months , then the broker pull the plug on it .
A very obvious example is news trading , back in 2004 till 2007 it was fun and profitable to trade news , you can't do that these days without getting screwed with the spread or MT4 freeze , another example is the night scalpers , brokers will stop you ,no matter how good your system were
You will have the best feed and execution as long as you lose money , the day you start making money and taking that money out of the account the day you will be moved to another server and face re-qoutes , bad fills , MT4 freeze ... etc
Just keep in mind we don't trade the forex market , we trade the forex feed INSIDE the broker server , so ECN , no dealing desk , fast fill .... is all B.S because at the end ur trade will never leave the broker server unless you trade a 50M$ account with a bank.Hi Minime,
That's an interesting post.
Could you please tell us how do you handle with that situation?
Change the name of tools used? Changes the names of the EA's? Manual close?
Interesting co's I sometimes live that situation too.
Have a good WE.
Take care.
Sincerely
Tomcat98
Have a look at this article CFTC Sues 11 Foreign Currency Firms in Second Nationwide Sweep Against Unregistered Firms
This will shed more light on why many brokers never deal with US clients.
PAT
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WHY DO MOST OFFSHORE BROKERS DON'T ACCEPT US RESIDENTS? I still don't know the answer to this?
Glad not to be a US Citizen
Cheers
Wilson