why is cTrader no longer available to US clients?

gowens.c@gmail.com
13 Oct 2016, 17:19

RE:

cgowens.wow@gmail.com said:

can anyone explain?

can no one answer this question?

DAANIIK
18 Oct 2016, 03:42

What do you mean?  I thought it was always unavaliable for US clients. What broker?

kricka
19 Oct 2016, 20:02

USA brokers

A major broker in the USA did offer cAlgo and cTrader but have discontinued their services of the platform. The reason for this might be, not enough customers for the platform or too wide of a spread in the currency pairs offered, I would think the later. For cAlgo and cTrader to really take off in the USA it has to be legitimate, a good enough price to incorporate for the broker's business model, and of interest to the majorities of the US traders. 

gowens.c@gmail.com
20 Oct 2016, 23:39

I use tradersway which is an offshore broker not in the US. They suddenly stopped offering cTrader to US clients. I'm wondering if someone can shed light on why? They said it was because of Spotware, but I'm sure that isn't the case. However, I can't find a single broker in the US that offers cTrader. 

So If someone can explain why cTrader is no longer offered at tradersway.com to US clients, that would be appreciated.

kricka
21 Oct 2016, 16:58

USA regulations

Yes lucian I guess she could provide us with some inside information on the subject :)

The problem for the brokers outside the USA is they have to follow US financial broker regulation to sign up traders from the USA. With other words, USA is protecting their own trading territory by limited US citizens to trade on abroad brokers that do not follow their regulations. 

gowens.c@gmail.com
22 Oct 2016, 23:24

Yes I understand that. tradersway accepts US citizens. it's unregulated and has MT4 and cTrader platforms. I am specifically asking why Spotware has decided to not allow US citizens to use its software. This was spotware's decision, not my brokers. The broker still has ctrader access to every other country. 

This was be the equivalant of not allowing any US trader to use MT4 with an offshore broker. etc.

Likewise there are no US brokers with cTrader as an option. 

So again, I ask, why is Spotware not allowing US citizens? This is not a CFTC violation for allowing US clients to use cTrader.

gowens.c@gmail.com
22 Oct 2016, 23:25

Also to note: they allowed US citizens to use cTrader, Spotware did, until about 3 or 4months ago. Why?

I want someone from Spotware to answer my question

firemyst
05 Dec 2019, 06:31

RE:

gowens.c@gmail.com said:

Also to note: they allowed US citizens to use cTrader, Spotware did, until about 3 or 4months ago. Why?

 

I want someone from Spotware to answer my question

Out of curiosity, did you ever receive a response? I don't see any in this thread, but that's not to say they didn't message you separately. I know a few people in the USA who would like to use cTrader.

Thanks :-)

PanagiotisCharalampous
05 Dec 2019, 10:21

Hi firemyst,

You can find the answer here.

Best Regards,

Panagiotis 

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