Trading forex (currencies) in the United States (US) is popular among fx traders. Before any fx broker can accept US forex traders as clients, they must become registered as Retail Foreign Exchange Dealer (RFED) by the financial regulatory body, the Commodity Futures Trading Commission (CFTC) and also regulated by the National Futures Association (NFA) as a Futures Commission Merchant (FCM). Forex Brokers for US traders (accepting US clients) Below you will find a list of Forex Brokers accepting US traders as clients. Due to the strict and complicated regulatory environment, it became quite a challenge for FX companies to operate in the US. To make it worse, thanks to the Dodd-Frank Act and the Memorandum of Understanding, Trading with a US forex broker means you are completely safe and protected. You will, however, discover these brokers have some limitations: Trading with a forex broker in the USA means that you are subject to leverage limitations. Forex Brokers for US traders (accepting US clients) Below you will find a list of Forex Brokers accepting US traders as clients. Due to the strict and complicated regulatory environment, it became quite a challenge for FX companies to operate in the US. To make it worse, thanks to the Dodd-Frank Act and the Memorandum of Understanding,
Forex brokers in the US are licensed by the Commodity Futures Trading Commission (CFTC) and become members of -the National Futures Association (NFA). They are subject to strict requirements and restrictions. If a broker has the means to accept traders from the US, you may trade with them. It’s that simple. Traders will never be penalised for this action as it’s seen as the broker’s responsibility to ensure that they operate within the legal boundaries of their customers’ residing jurisdictions. When it comes to US forex brokers, Forex.com has to be an immediate consideration for opening your forex trading account in the USA. They provide a selection of flexible and accessible account types, including their Direct Market Access account. This offers some of the most unbeatable spreads among any of the forex trading brokers USA.
13 Oct 2019 J.P. Morgan Securities recently launched its own free stock-trading platform, “You Invest,” and Bank of America rolled out its discount brokerage 6 Feb 2020 City IndexBest for CFD Trading. Interactive BrokersBest for International Markets. TD AmeritradeFlat Commission for US Stocks & ETFs 19 Nov 2019 Our team recommends that you only look for trading brokers that are regulated in developed economies like the UK and the USA. The third most 8 Oct 2019 There is no such thing as a "discount broker" anymore. Pretty much every major online brokerage company has eliminated commissions. 29 Nov 2019 In the space of a few days last month, the price war among the brokerage firms pushed the cost for many trades to nothing at Charles Schwab, 10 Oct 2019 It was the logical endpoint of a decades-long brokerage price war that began when the U.S. Securities Acts Amendments of 1975 ended fixed
Pros. Foreign Accounts If you are trading out of the United States Interactive Brokers is your go-to brokerage. They have access to 100 different markets
Non-U.S. citizens or residents cannot open an account. Traders and investors must manually refresh the data when using the website. Fidelity has a wide offering