best ecn/stp US forex broker?

Discussion in 'Online Brokers' started by canoe, Apr 1, 2014.

  1. canoe

    canoe Active Member

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    The only US ecn-type of broker that I know of is interactive brokers. But their leverage is a paltry 50:1 or 40:1 I think. Are there any brokers in the US that have higher leverage while operating as an ecn/stp broker?
     
  2. yossup

    yossup Member

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    The US is a heavily regulated market for brokers and also forex brokers. Luckily though, when it comes to forex, that's a GOOD thing! That's also one of the reasons there aren't many decent forex brokers in the US. The only decent ones are IB and MBtrading.
     
  3. skennedy

    skennedy New Member

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    How about FXCM.com ? I haven't used them yet.
     
  4. hs0zfe

    hs0zfe Active Member

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    I like IC Markets with 1:500 and better spreads than my broker in London. They are Australians.

    Different log ons for the client section and the trading software. Would recommend playing with the demo account first.

    They are super for stock indices, JMHO. (Am staying away from forex)
     
  5. anders

    anders Well-Known Member

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    I clicked on an advert today for a FOREX trading platform (I won't mention the name as I've never used and couldn't recommend it) which offered "85 millisecond execution speeds"! I've been using my own excel software which updates on a 1 second interval, so I'm a bit behind the curve here. That said, I prefer to use my own programs as I actually know what's going on with that - I have an instinctive mistrust of 3rd party platforms after I found out some "insider" information about how they manipulate their customer's trades to retain profitable positions for themselves. Complicated stuff, but it does go on....
     
  6. fxstreet

    fxstreet Senior Investor

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    Due to the high regulation on US brokers, they can't give you anymore than 200:1. Offshore brokers can even give you up to 1:1000. I use Forexchief that gives 1:400. A friend of mine uses an offshore account and profile to trade with these brokers. Their spreads are unbeatable. The question is, why would you need that much leverage if you have a trading capital of 10k and above. Leverage trading increases your risk and it is a double edge sword.
     
  7. Phillip Mark

    Phillip Mark Senior Investor

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    I would also suggest you check review sites on brokers, most give well detailed information on brokers, while at this I would advice you check the broker's credibility if your money is secured with them.
    The easiest way to do that of course is through the regulatory agencies, for instance the ones in the U.S includes; National Futures Association (NFA) and Commodity Futures Trading Commission (CFTC)
     

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