Offshore trading accounts I'm an American, and I need more leverage in my forex trading (I do neutral strategies that require leverage). Unfortunately the NFA has a 50:1 limit, and does not allow forign brokers with 100:1+ to accept British or American citizens directly. I am looking for a way to setup something in Cayman, but I am a noob. I don't know if it's illegal-I don't think so since I'm not evading taxes. I think I'll need a cayman Corporation, and a physical address-I bet there are services around that do this. I wish barney frank wouldn't make it so difficult. Who needs margin limits on forex? It's an international market. 50:1 is not enough for spread betters!