estfx: Thank you for the link to the greencompany.com information on FX tax reporting considerations. There is a lot of information and I did not read it all but enough to conclude the IRS still has not taken a clear position on the tax treatment of FX spot market trading. For now I will stay with the currency futures and the very simple clear tax reporting. You still may want to check with MBT to see if you can still get check writing on your account. It is a great feature to have.