Brokers

Brokers

The PowerForex trading signals can be used on any Metatrader (MT4) broker whether the broker is located in the U.S. or offshore.

Important: We are NOT an Introducing Broker or a Referral Agent and do NOT have any financial interest in what broker you select. Please do your own due diligence as we are not allowed to give any financial advice and are not affiliated with any broker including the ones listed below.

Note: If you already have a MT4 Forex broker, you do not need to open a new account as you can use any MT4 Forex broker platform you choose.

General Broker Requirements:

1) Must use MT4 trading platform
2) Must allow minimum deposit amount that you are interested in investing
3) Must offer the appropriate minimum lot size so that trade copier will work properly

Example of minimum deposit requirement based on minimum lot size offered by your broker:

Deposit Amount
$200
$2,000
$20,000
Broker Minimum Lot Size Offered
0.01 (microlot)
0.1 (minilot)
1.0 (standard lot)


Brokers for U.S. Residents

These brokers are registered and regulated in the United States.

FXCM
http://www.fxcm.com

Gain Capital
http://www.forex.com



Note: these are just a few of the brokers who are regulated in the U.S. You can do a google search to find others if you prefer.

Brokers for Non-U.S. Residents

These are offshore brokers who are not regulated in the U.S., however may be regulated by the financial services regulatory agencies in their own geographical location.

IC Markets (Australia)
http://www.icmarkets.com

Tallinex (St. Vincent and the Grenadines)
http://tallinex.com

FXDD (Malta)
http://fxdd.com/mt

Note: You can do a google search to find others if you prefer. We suggest using a large well-known broker who is regulated and accepts clients from your country of residence.

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