Category Archives: Broker Issues

FIFO: The Trading Rule That Makes You Go “Wait, What?”

Posted on February 28, 2025 by Archer Ignatius

Ah, FIFO—short for “First In, First Out.” It’s a rule from the National Futures Association (NFA) that sounds harmless but has traders groaning louder than a trader who just missed a winning trade. If you’re trading forex in the US, … Continue reading →

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What Does 1:50 Leverage Really Mean?

Posted on February 26, 2025 by Archer Ignatius

Leverage in trading allows investors to control larger positions by borrowing funds from brokers, amplifying both potential profits and risks. In the US, leverage is capped at 1:50 for major currency pairs due to strict regulations. Factors affecting leverage include asset type, account type, market conditions, and broker policies. Continue reading →

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Impacts of FIFO (First In, First Out) for US-Based Brokers

Posted on February 18, 2025 by Andy G

FIFO, or First In, First Out, is a rule imposed by the National Futures Association (NFA) for US-based brokers. It requires that traders close their oldest (first opened) positions in a given currency pair before closing newer ones when multiple … Continue reading →

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How Does US Broker Leverage Work?

Posted on February 18, 2025 by Andy G

My friend helped pull this together… What Does 1:50 Leverage Mean? When a US broker says their leverage is 1:50, it means that for every $1 of your own capital, you can control up to $50 worth of trading positions. … Continue reading →

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Long Only To Minimize Drawdown

Posted on June 21, 2024 by Andy G

The recent “margin scares” at Ox Securities led some investors to consider going “long only.” This strategy can be beneficial for certain currencies due to positive swap fees when holding them overnight. However, it limits the ability to profit from declining markets and involves market risk. Short positions can result in unavoidable swap fees which can accumulate significantly. Continue reading →

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Brokers

Posted on June 8, 2024 by Andy G

This page is under construction. OspreyFX is a broker to consider if you are NOT algo trading. They use a product called “Trade Locker”. None of the bots I use take advantage of this platform.

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Did Pro FX Trip Over The Margin Issue?

Posted on June 1, 2024 by Andy G

The author’s Pro FX bot encountered a hiccup, prompting them to contact the manufacturer, University of Options. Despite their initial uncertainty about the response, University of Options surprised them by addressing the issue promptly. The author suspects a margin change from University of Options may have affected their trading account. They plan to take precautions and learn from the experience. Continue reading →

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More Margin Mayhem

Posted on May 29, 2024 by Andy G

The margin changes at OX Securities affected me modestly compared to others, thanks to prior caution regarding leverage adjustments. Those with large accounts faced severe squeezes, prompting discussions about finding alternative brokers. As a US resident, limited options exist for algo trading. Monitoring suggestions and staying adaptable are key for successful bot farming in this evolving landscape. Continue reading →

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Margin Changes At OX Securities

Posted on May 28, 2024 by Andy G

The email from Ox Securities on Memorial Day caused fear, as it mentioned changing accounts to a 1:200 margin. Concern arose over potential impact on accounts and the need to adjust lot sizes due to leverage drop. Seeking guidance from NURP and EFX, the writer plans to wait for advice and take cautious measures to protect their accounts. Continue reading →

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Algo Bot Brokers 101

Posted on May 10, 2024 by Andy G

The writer shares their experiences with international brokers, highlighting the need for high leverage for algo trading bots. OX Securities is recommended as a welcoming international broker for US citizens. Details on depositing and withdrawing money, limitations on FX accounts, and preference for separate withdrawal accounts are also provided, offering practical insights and tips for success. Continue reading →

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