Hello, everybody.
We are the citizens and residents of United States and we’ve been looking for the right brokerage for some time and it has been quite frustrating, to tell you the truth.
We did find two brokerages in the US, and they are Forex.com and Oanda.
However, there are two problems.
First, Oanda does have forex and cryptocurrencies. If we want to trade both, we have to open Oanda account for forex and another account called spot crypto account (from Oanda and Paxos) for cryptocurrencies. You can trade forex and cryptocurrencies by the Oanda app from your phone, but only forex by desktop/laptop computer. Indices, stocks, metals, and commodities are not available in Oanda. Also, Oanda does allow us to use MT4, but not MT5.
Second, Forex.com does allow us to trade forex, stocks, cryptocurrencies, indices, metals, and commodities, with the support from both MT4 and MT5. However, things get very tricky when we consider opening an account. If you only want to trade forex, you can open an actual Forex.com account. If you only want to trade stocks, you can open StoneX One account. If you only want to forex, cryptocurrencies, indices, metals, and commodities, but not stocks, you can open StoneX Futures account. (By the way, you can only trade Bitcoin and Ethereum if you want to trade cryptocurrencies in StoneX Futures account.) Sadly, Galileo FX will only let us use one brokerage account for each Galileo AI program.
To be honest, we want to have a brokerage where we can trade forex, stocks, cryptocurrencies, indices, metals (especially gold and silver), and commodities freely in one single account so we can fully utilize Galileo FX AI program without any restriction or limitation whatsoever.
In OX Securities, it does offer forex, stocks, cryptocurrencies, indices, metals (including gold and silver), and commodities one single account. If you want to trade forex, cryptocurrencies, indices, metals (including gold and silver), and commodities, you can use the trading platform MT4 or MT5. If you want to trade stock, you have to use the trading platform called IRESS, which Galileo does not support. Also, if you open a demo account from OX, you end up with a demo account that resembles a PRO account, where you pay US$7 for each two-way transaction (buy and then sell, or vice versa) in lots size of 1.0 (100,000 unit in US dollar), and Galileo FX AI program will only trade with investment options that have the suffix “PRO” (mainly EUR/USD, GBP/USD, USD/CAD, USD/CHF, XAU/USD (gold/US Dollar), and XAG/USD (silver/US dollar)), but not others, such as cryptocurrencies and indices.
We tried looking for other brokerages from other countries, but almost all of them said they won’t allow US citizens and residents to open their account, despite the fact that many brokerages from other countries do offer a wide, diverse investment options and better opportunities compare to Forex.com and Oanda.
So here are the criteria for a potential brokerage we want to meet.
(1) The brokerage should allow US citizens and residents to open their account with little or no restriction.
(2) The brokerage should offer a wide, diverse investment options, like forex, stocks, cryptocurrencies, indices, metals (including gold and silver), and commodities in one single account.
(3) The brokerage should offer a demo account and an actual live account where we can allow Galileo FX AI program to trade forex, stocks, cryptocurrencies, indices, metals (including gold and silver), and commodities in one single account without limiting to just only a handful.
(4) The brokerage must support MT4, MT5 or both.
What’s your recommendation for other available brokerages that meets all these four criteria? (It doesn’t have to be the ones from Unites States. It can be the ones from other countries, such as Singapore, Belize, Jamaica, Ireland, Cyprus, Malta, or even Qatar. Please do not say Forex.com, Oanda, or OX Securities, as these have restrictions on what we and Galileo FX AI program can trade with.)
We are the citizens and residents of United States and we’ve been looking for the right brokerage for some time and it has been quite frustrating, to tell you the truth.
We did find two brokerages in the US, and they are Forex.com and Oanda.
However, there are two problems.
First, Oanda does have forex and cryptocurrencies. If we want to trade both, we have to open Oanda account for forex and another account called spot crypto account (from Oanda and Paxos) for cryptocurrencies. You can trade forex and cryptocurrencies by the Oanda app from your phone, but only forex by desktop/laptop computer. Indices, stocks, metals, and commodities are not available in Oanda. Also, Oanda does allow us to use MT4, but not MT5.
Second, Forex.com does allow us to trade forex, stocks, cryptocurrencies, indices, metals, and commodities, with the support from both MT4 and MT5. However, things get very tricky when we consider opening an account. If you only want to trade forex, you can open an actual Forex.com account. If you only want to trade stocks, you can open StoneX One account. If you only want to forex, cryptocurrencies, indices, metals, and commodities, but not stocks, you can open StoneX Futures account. (By the way, you can only trade Bitcoin and Ethereum if you want to trade cryptocurrencies in StoneX Futures account.) Sadly, Galileo FX will only let us use one brokerage account for each Galileo AI program.
To be honest, we want to have a brokerage where we can trade forex, stocks, cryptocurrencies, indices, metals (especially gold and silver), and commodities freely in one single account so we can fully utilize Galileo FX AI program without any restriction or limitation whatsoever.
In OX Securities, it does offer forex, stocks, cryptocurrencies, indices, metals (including gold and silver), and commodities one single account. If you want to trade forex, cryptocurrencies, indices, metals (including gold and silver), and commodities, you can use the trading platform MT4 or MT5. If you want to trade stock, you have to use the trading platform called IRESS, which Galileo does not support. Also, if you open a demo account from OX, you end up with a demo account that resembles a PRO account, where you pay US$7 for each two-way transaction (buy and then sell, or vice versa) in lots size of 1.0 (100,000 unit in US dollar), and Galileo FX AI program will only trade with investment options that have the suffix “PRO” (mainly EUR/USD, GBP/USD, USD/CAD, USD/CHF, XAU/USD (gold/US Dollar), and XAG/USD (silver/US dollar)), but not others, such as cryptocurrencies and indices.
We tried looking for other brokerages from other countries, but almost all of them said they won’t allow US citizens and residents to open their account, despite the fact that many brokerages from other countries do offer a wide, diverse investment options and better opportunities compare to Forex.com and Oanda.
So here are the criteria for a potential brokerage we want to meet.
(1) The brokerage should allow US citizens and residents to open their account with little or no restriction.
(2) The brokerage should offer a wide, diverse investment options, like forex, stocks, cryptocurrencies, indices, metals (including gold and silver), and commodities in one single account.
(3) The brokerage should offer a demo account and an actual live account where we can allow Galileo FX AI program to trade forex, stocks, cryptocurrencies, indices, metals (including gold and silver), and commodities in one single account without limiting to just only a handful.
(4) The brokerage must support MT4, MT5 or both.
What’s your recommendation for other available brokerages that meets all these four criteria? (It doesn’t have to be the ones from Unites States. It can be the ones from other countries, such as Singapore, Belize, Jamaica, Ireland, Cyprus, Malta, or even Qatar. Please do not say Forex.com, Oanda, or OX Securities, as these have restrictions on what we and Galileo FX AI program can trade with.)
