Before you become a trader or try to become a trader, keep your learning aspects open. You would need a deep research and basic training to understand the basics of trading.
FXCM, Hotforex, Oanda are great choices. However spend enough time to learn the types of accounts they offer and which one fits best your trading demands.Hi everyone,
I am new with all the trading, trying to be a part time trader and make a few 2 digits bucks a day and hopefully can became a full trader someday.
I've been demo account since Nov 2020 by using official MT4 demo account mostly trading XAU/USD. I think I should use the broker demo so I can see how everything really works and get use to it.
I'm looking for a broker that will accept US clients and I read online from stockbrokers.com and some other website IG,Etoro and Forex.com is the top and Forex is the only one that have MT4 planform so I opened 1 demo account with Forex.com like 2 weeks ago and Ive been testing it, so far its alright but didnt like how the leverage is 1:50 and for trading metal leverage is 1:1 but read in the US 1:50 is max I just have to get used to it and forget about trading Mental since its 1:1 and just focus on Forex market instead.
I read lots of reviews and scams that you could deposit but good luck with withdraw money, so I think I should stick with a well known company in the US cuz there is no point even I make 100K profit and cant withdraw. I think I will stick with Forex.com even tho I think its ok. I came here read some reviews see do I have other options and found out that Forex.com wasnt that great.
I start reading on the reviews looking for the highly good one but sadly they dont accept US clients like IC markets.com
So my question is here for the US trader what broker do you use? I prefer using MT4 and be able to trade metal but if I have to start using a new planform and no metal I will learn to get used to it.
Thanks and happy trading everyone!
When looking to find a broker in the US, it is always recommended to pick a regulated broker due to safety reasons. A regulated broker operates in a highly regulated environment with oversight into trading practices and execution; therefore, the safety of your funds is in the broker’s best interest. As a regulated broker in the US, we provide a maximum leverage of 50:1, as stipulated by the NFA. Please be aware that increased leverage increases risk. Unfortunately, we do not provide cryptocurrencies currently. We do offer over 80 different currency pairs as well as spot metals. Please see the following link to learn more about our products: https://www.forex.com/en-us/markets/forex/That is the plan at the moment.
But once I'm used to trading metals, crypto and with higher leverage offshore broker, When I'm ready for live mode but the broker in the US will be completely different. That's why Im hoping I could find any US trader and share how do they trade.
I talk to some trade scammer that told me this is how it works, I could open with their broker or any outside US broker, I will have the advantage of higher leverage and lots better deal broker I could choose comparing the US broker (which I found its true) and when withdraw the money they will be transferring into my bank account or paypal account also I dont have to pay any income taxes. I dont know is that how does a US resident trader works or we have to 1 choice is find a US broker and work with their condition.
I talk to a few legit Australian broker and they told me they could not accept US resident, the only one will accept so far is the broker that the scammer that Ive been talking that they introduce me but I know their broker oblivious is not legit.