Top 10 US Forex BrokersIf you’re a US citizen trying to choose between different US Forex brokers, you’ve probably realized that your options are more limited than those international traders. US Forex brokers must be regulated by the NFA or CFTC, and are subject to stringent restrictions which are designed to protect US traders. NFA regulated brokers must limit their leverage to 50:1 and conform to rigorous record-keeping and reporting requirements.
Nevertheless, there are dozens of NFA regulated Forex brokers in the USA that offer reliable service and user-friendly platforms. We’ve tested the trading platforms, customer service and ease of use of the top US Forex brokers and recorded our findings to help you choose the NFA regulated broker.
If you’re looking for a reputable US Forex broker and the ability to trade over 50 currency pairs, Forex.com may be just what you’re looking for. Forex.com is operated by Gain Capital, a financial services company that’s been in business since 1999, and there’s no question that this website was developed by both expert traders and talented web developers. Forex.com is one of the largets Forex brokers in the USA, and it provides its traders with access to a range of research charts, news headlines and online tutorials to ncrease their chances for success.
FXCM Holdings, LLC is headquartered in New York, with offices around the world including U.K., Japan, Hong Kong, France, Italy, and Australia, and is regulated and licensed in each of them. As of June 30, 2010 FXCM has over 165,000 tradable accounts on its platforms, and is widely regarded as one of the most popular Forex brokers in the US. An average of over $250 billion in notional volume is traded each month on trading platforms offered by FXCM. The company also offers auto-trading abilities.
This US Forex broker goes out of its way to make both new and experienced traders feel comfortable. The company has three proprietary trading platforms, each of which caters to a specific type of trader, so that there’s something available for everyone. During our FX Club review we especially liked the ExpressFX platform which is suited for new traders. FX Club, is registered with the CFTC and is a member of the NFA, and its sister company, Forex Club, offers similar trading services internationally, using the auspices of different regulatory authorities.
eToro USA is an American label of the famous eToro brand, though it is just as closely related with the US-regulated broker FX Solutions, as it is with eToro. And yet, despite a small bit of brand-confusion, there’s no doubt that eToro USA is a highly-regarded US Forex broker. eToro makes learning and mastering your Forex trading skills an incredibly fun experience with a graphical user interface like no other Forex platform, while offering a competitive platform for more experienced traders as well, known as "Expert Mode". In this way, eToro USA offers something for everyone.
While you are reading this review in the broker reviews section, Zecco is so much more than a Forex broker. Zecco is first and foremost a stock market broker, if I am judging by their About Zecco page. A short overview of Zecco trading will quickly reveal support for Stocks, ETFs, Options, Mutual Funds, Bonds, Metals, and last but not least, Forex. Being that this is primarily a Forex site, this Zecco review will focus mainly on the Zecco trading Forex offering.
While reading through FX Solutions website, in order to get to know the company and their services prior to trading, you get the feeling that they are a corporate firm, focused on servicing their customers. The site is easy to follow through and the language used is easy to understand. On the site you can also find short movie tutorials for using the software's basic features, which help familiarize you with the software. These movies too are easy to follow, and support that general feeling that trading with this company would be a positive experience.
Unlike many other top Forex brokers, OandA is a multi-faced financial services provider that serves not only as a Forex broker, but also as a vehicle for numerous other financial investments and transactions. While company’s expansive offerings may pique the interest of some traders, those who are looking for a straightforward Forex trading experience can quickly be distracted by the mix of services, tools and information that are presented on the site.
Alpari conforms to the industry standard by offering an Alpari MetaTrader 4 platform, but even a brief look will illustrate why the Alpari Forex brokerage is anything but standard. With the ability to trade 32 currency pairs in its micro account and 57 pairs in its professional accounts, Alpari offers expansive trading opportunities that other Forex brokers overlook. In our extensive Alpari review, we tested the company’s trading platform, ease of use, customer support and more so that you can make an educated decision as to whether Alpari is right for you.
Citifx pro is a global bank and the broker of choice for those who want a reliable “partner” in the demanding Foreign Exchange market. It deals with Margin Foreign Exchange trading for institutions and individuals. With more than 100 years experience in the field and its robust reputation, an immediate sense of trust is inspired in its clientele.
Advanced Markets was established in 2006 and is a Futures Commission Merchant (FCM) and Foreign Exchange Dealer (FDM), member of the National Futures Association (NFA) and registered with the Commodities Futures Trading Commission (CFTC). It has its headquarters in Charlotte, North Carolina. The focus at this company is giving the customers what they desire and deserve: great pricing, great service and fast and efficient execution. This is facilitated in large part by the efforts made to create and maintain relationships with leading foreign exchange banks, interbank participants that make up the price liquidity of the foreign exchange market.
FX Renew is a Florida-based Forex brokerage that is looking to revolutionize the Forex industry by offering accessible, professional guidance to all clients so that they can have profitable, long-term trading careers. Run by a group of licensed traders who monitor the market 24 hours a day, FX Renew offers excellent customer support, a live trading room and free Forex signals (some restrictions apply) so that traders will trade comfortably, intelligently and successfully. Read our full FX Renew review to learn more about this top notch brokerage.
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