Non USA Residents

Forex Brokers for NON-US Residents

In order to trade Forex you need a Forex Broker. There are pros and cons to every broker.  There are tens of thousands of reviews for each broker on many Forex websites. You must note that many of these reviews are breeding grounds for Forex Brokers themselves and traders that want to point the blame on someone else for taking losses. Please take each review with a grain of salt and use your own discretion.

We always suggest that you at least test demo account before opening a live account with a particular Forex Broker. With each forex broker, typically the spreads you see in demo account is the same as their live accounts. In this section you will find an extensive directory of many Forex Brokers with some highlights to each company. To find more information or download a free demo account for a specific broker, click on Learn more…

 Tip: I trade with Tallinex mainly because of their super tight spreads, significant credit/debit card deposits + free withdrawals back to card, no rollover swap on gold (xauusd), silver (xagusd), bitcoin and no FIFO-rule, and there customer services is excellent and gives it to you black and white.   Check below to check them out and download a free demo. 

Tallinex
Tallinex operates under St Vincent and the Grenadines jurisdiction with funds segregated in large, regulated international banks

– True ECN/STP broker with a PrimeXM FX bridge to Integral’s FX Grid system

– STP model with real-time market and price feeds from FSA regulated banks

– Open and fund a trading account in your choice of currency: EUR or USD

– Scalping strategies and all EAs allowed – absolutely no restrictions

– Multi-lingual support – English, Swedish, Russian, Finnish and Estonian

– Leverage up to 1:1000

–          Learn more….
– CashBackForex is a rebate broker. I suggest anybody looking to open a forex account to use a rebate broker. CashBackForex is one of the highest paid rebate brokers offering up to .8 pips rebate back on every trade. They work with pretty much every broker. For example, lets say you open a FXCM account under CashBackForex. If FXCM offers a 2 pip spread on the eur/usd thanCashBackForex will rebate you .7 pips making it about 1.3 pip spread in total. I have seen literally hundreds of traders that could have saved thousands of dollars should they have simply went with CashBackForex. I use them myself and have never had an issue. I have used other rebate company’s with many issues, but never had any problems with CashBackForex.

 

ZuluTrade 
–          NFA / CFTC registered
–          They are an Introducing broker to many FCM’s (FXDD, FXCM, Forex.com, etc)
–          Free signals from other traders live accounts of your choice with zero fees.
–          You can become a signal provider and produce extra revenue depending on traders that want your signals.
–           Try a demo and choose your preferred signal provider to trade your account (demo acct)
–                 Learn more….

4XP
–          Hedging allowed
–          CFDs: All Major Indices & Commodities
–          Minimum deposit: $100
–          Deposits accepted:   Wire Transfer, Web Money, Liberty Reserve, E-Dinar Wire Transfer
–          Max leverage 100:1 on major currency pairs
–          Scalping restrictions: No policies or restrictions on scalping
–          Learn more…  
EToro
–          Registered
–          Hedging allowed
–          CFDs: All Major Indices & Commodities w/ max 100:1 leverage
–          Deposits accepted:  Credit / Debit Cards, Liberty Reserve, Web Money, Wire Transfer, Fast Wire Transfer
–          Max leverage 200:1 on major currency pairs
–          Scalping restrictions: No policies or restrictions on scalping
–          Bonus promotions: Click on Learn more below
–          Learn more… 

Marketiva
–          Registered
–          Hedging allowed
–          CFDs: All Major Indices & Commodities
–          Minimum deposit: $100
–          Deposits accepted:   Wire Transfer, Web Money, Liberty Reserve, E-Dinar Wire Transfer
–          Max leverage 100:1 on major currency pairs
–          Scalping restrictions: No policies or restrictions on scalping
–          Bonus promotions: $5 free for just opening an account with no deposit
–          Learn more…  

 

Forex.com UK (affiliate of Gain Capital)
–         FSA registered
–           Hedging allowed
–        Minimum deposit: $250
–          Deposits accepted: Credit Card, Wire Transfer,
–    Max leverage 200:1 on major currency pairs
–          Scalping restrictions: Scalping welcomed
–          Free VPS hosting for deposits over $5000
–          Learn more…        

FXCM LTD (Forex Capital Markets Limited in the UK)
–          FSA registered
–          Hedging allowed
–          Minimum deposit: $50 for Micro account, $2000 Standard account, $50,000 Active Trader
–          Deposits accepted: Credit & Debit card, bank wire, personal checks,
–          No dealing desk execution
–          Scalping restrictions: Scalping welcome
–          Max leverage: 200:1 on major currency pairs
–          Swap-free accounts: Case by Case basis
–          Free VPS with deposit over $5,000
–          Free Strategy Trader for a limited time
–          Learn more… 

 

Alpari UK
–          FSA registered
–          Hedging allowed
–          Minimum deposit: $200
–          Deposits accepted: Checks, PayPal, Credit Cards, and Wire Transfer
–          Max leverage 500:1 on major currency pairs
–          Scalping restrictions: No policies or restrictions on scalping
–          23 currency pairs available plus Gold and Silver
–          Inactivity fee: Yes, you will be charged after the 120th day of inactivity.
–          Free Autochartist & Alpari Squawk  with live account
–          Free VPS hosting with $250 minimum deposit and execute at least 5 standards lots per month.
–          Up to 20% credit bonus
–          Learn more…  

Markets.com
–          CySEC, FSA, Mifid registered and more
–          Hedging allowed
–          CFDs: All Major Indices & Commodities w/ max 100:1 leverage
–          Minimum deposit: $100
–          Deposits accepted:  Credit / Debit Cards, Liberty Reserve, Web Money, Wire Transfer, Fast Wire Transfer
–          Max leverage 200:1 on major currency pairs
–          Scalping restrictions: No policies or restrictions on scalping
–          Bonus promotions: Click on Learn more below
–          Learn more…

Broco
–          Registered with Financial Commission of Mauritius
–          Hedging allowed
–          CFDs: All Major Indices & Commodities
–          Deposits accepted:   Bank Wire, Web Money, Liberty Reserve, LiqPay
–          Promotions: Click on learn more
–         Learn more…

 

ForexYard
–          registered
–          Hedging allowed
–          CFDs: All Major Indices & Commodities w/ max 100:1 leverage
–          Minimum deposit: $100
–          Deposits accepted:  Credit / Debit Cards, Liberty Reserve, Web Money, Wire Transfer, Fast Wire Transfer
–          Max leverage 200:1 on major currency pairs
–          Scalping restrictions: No policies or restrictions on scalping
–          Bonus promotions: Click on Learn more below
–          Learn more…  

Risk Disclosure: 
“Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.”

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