While some brokers are scrambling to offer a patchy work around, and may go as far as even providing a temporary a solution, there is absolutely no consistency, or any form of a centralized order platform in the forex market whatsoever.
Because of the new regulations there is a “Massive Stamped” of traders that are panicking and hastily slapping together applications to open an overseas trading account. There are many issues with this.
First, there are legal issues involved where most reputable brokers are NOT allowed to accept US clients (unless they have a very high net worth of over five million dollars.)
Those that do are often “boiler room” operations, running out of “suspect” countries, where you have little or no protection at all.
Do NOT fall victim to these brokers by “buying in” to the panic mentality so many other “ignorant” traders are caught up in! The F.E.P. will allow you to keep trading as you always have, and even offer additional benefits you’ve NEVER before had!
By now ow you’re probably thinking why wouldn’t everyone be using the F.E.P., and the answer is not all brokers platforms are compatible with the F.E.P.. They must offer the Metatrader 4 platform in order for the F.E.P. to work.
So check with your broker to see if they have the MT4 platform, (it’s free) and if for any reason they don’t please email us for a list of brokers that do offer MT4.
The F.E.P. is designed to seamlessly plug into MT4 and it’s robust design allow for a nearly instant and very simple install, taking only a couple of minutes to get all set up!
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