If 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.
|Broker Name||Min. Deposit||Bonus||Trading Platform||Max. Leverage||Regulation||Rating||More Info|
|$500||Free ebook||FOREX Trader PRO, MetaTrader 4||1:50||NFA||9.4/10||Sign Up Read Review|
|$50||None||FXTS||1:50||RFED, FCM, CFTC||9.4/10||Sign Up Read Review|
|$5||100%||MetaTrader 4, Sirix||1:500||None||9.3/10||Sign Up Read Review|
|4||$50||$100||WebTrader, eToro OpenBook||1:400||CFTC||9/10||Sign Up Read Review|
|5||None||None||fxTrade, MetaTrader 4||1:50||CFTC, NFA, CMS, FCA, IIROC, JFSA||8.7/10||Sign Up Read Review|
If you’re looking for a reputable Forex broker and the ability to trade over 50 currency pairs, Forex.com may be just the broker you’re looking for. Forex.com is operated by Gain Capital, a financial services company that’s been in business since 1999, and even a cursory look at Forex.com will confirm that this online trading website was developed by industry veterans. After depositing funds you’ll have access to a wide range of research charts, news headlines and online tutorials to help you make the best investments.
FXCM Holdings, LLC has been listed as one of the fastest growing companies by Inc. 500 List of America’s Fastest Growing Companies three years in a row (2004-2006). 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. FXCM has over 165,000 tradable accounts on its platforms and a monthly average of over $250 billion in trade volume. See review of FXCM at DailyForex.com.
eToro USA is an American version of the famous eToro brand that is based on FX Solution's infrastructure. eToro USA is an introducing broker of FX Solutions, enabling eToro to trade in the US without receiving NFA regulation. 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". For a full review of eToro USA see DailyForex.com.
OANDA is a multi-faced financial services Forex broker. The company has been the recipient of several international awards including Best Forex Provider 2012, Highest Client Satisfaction 2012 and more. OANDA is based in the New York and is available for traders in the U.S., Canada, Asia and Europe. No regulation was cited.
SaxoMT4 follows in the tradition for which Saxo Bank (aka Saxo Banque) has long been celebrated -bringing its clients reliable prices, superior liquidity and great service.
Dukascopy provides clients with exclusive right of entry into the biggest Swiss FOREX Interbank liquidity network with sophisticated trading tools, price/execution guarantees, slippage control, full market depth and very reliable customer service.
A trader using FX Solutions will enjoy their strong trading platform accompanied with powerful charting tools. To make the Forex trading experience even more customized, FLEXI leverage and FLEXI contracts are features that enable the user to decide at any time what the leverage in his account will be and at which quantities he wishes to trade.
Among the many Forex reviews we conducted, Markets.com was one of the best. With the choice between MT4 and the company’s own platform, excellent charting tools and competitive trading conditions, Markets.com makes all traders comfortable from the start. The broker also holds multiple licenses and regulations which works well to build trader confidence. We tested the company’s trading platform, customer service and more and recorded our findings in this comprehensive Markets.com review.