How to Trade Forex with 50:1 Leverage
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Uploader Comments (tradeartist)
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@tradeartist This is correct. many non-usa brokers are not dealing with US clients altogether. But there are a few ways around it, mainly traveling outside the USA to discover the amazing world outside those walls. Or open up an account with a non-usa drivers license or other ID. From my point of view, the USA gov't sealed off the leverage to prevent savy smaller traders from taking advantage of cost averaging strategies. Sure you can use 50:1, but it's much slower than 200 or 500:1 :)
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Good video Scott.
I personally have never used more than 10:1
So for me and I think for most serious traders this new regulation is purely academic.
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can you open a uk account if u live in us
timwharton44 1 year ago
@timwharton44 I am told that UK brokers are closing accounts and sending them to U.S. subsidiaries. Need to confirm that with the U.K. brokers. So far I have not heard anything from Swiss brokers.
tradeartist 1 year ago