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Rakuten Securities aka FXCM Asia

RaidersMan

Recruit
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Apparently, Rakuten securities based out of Hong Kong purchased FXCM Asia. They offer Trading Station platform which is a huge plus in my book. They also apparently allow hedging as well. I can't tell if they allow US citizens and if they are a market maker or not because their website doesn't elaborate on these points as far as I can tell.

Does anyone here know anything about them or have experience with them? I would open an account if they are not a market maker and allow US citizens.

https://www.sec.rakuten.com.hk/en/
 
Wouldn't the easiest option be to ask them directly?

If they don't accept US citizens now, keep tabs on what goes on relative to Dodd-Frank rules. Chances are there will be at least some relaxation of those in the not-to-distant future.
 
Wouldn't the easiest option be to ask them directly?

If they don't accept US citizens now, keep tabs on what goes on relative to Dodd-Frank rules. Chances are there will be at least some relaxation of those in the not-to-distant future.

Dodd-Frank was bad but not nearly as devastating to the US economy as Sarbanes-Oxley.
 
Sometime I am wonder why broker not accepted US citizens, usually broker from Rusian often when visit site company will get notified restricted for US citizens, but I am never ask why these company has these rules
 
Sometime I am wonder why broker not accepted US citizens, usually broker from Rusian often when visit site company will get notified restricted for US citizens, but I am never ask why these company has these rules

Four years ago the oldest bank in my country was pleaded guilty in a New York court
for assisting US-citizens on hiding money from the Internal Revenue Service.
The bank had to pay a fee of over 50 millions Dollars. After 270 years they closed down.

So nowadays many banks & brokers are beeing over-cautious to avoid fees from the US,
because US-citizens always have to pay taxes is the US, no matter the country they live in.
 
Sometime I am wonder why broker not accepted US citizens, usually broker from Rusian often when visit site company will get notified restricted for US citizens, but I am never ask why these company has these rules

Because from time to time, the CFTC will take offshore brokers to court and get a big judgement against them for daring to accept US Citizens.

It just happened to Tallinex:

http://www.cftc.gov/PressRoom/PressReleases/7568-17
 
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