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.
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.
Forex Broker Inc. offers everything an online trader could want. The website has done away with the flashing graphics and running ticker tapes used by many other Forex brokers and it remains easy to navigate, especially for the novice trader.
DuPont Financial, based in Gibraltar is a subsidiary of FTD Limited, which was established in 2011, though the founders of the company have been working in the financial world for over 2 decades. DupontFx offers a wide cross section of options with multiple trading platforms available through one account.
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.
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.
OANDA’s offers a complete FOREX trading experience with all its tools, products, resources and users discussion forums. In addition to these services OANDA strives to offer the lowest spreads to any trader using their platform, no matter what the levels of activity in their account are. So while it definitely takes time to master this full set of tools, the trader using them will eventually be able to manage his trading strategy to make the most out of using this platform.
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 DailyForex is primarily a Forex site, this Zecco review will focus mainly on broker’s Forex offering. The Zecco Forex Trader Desktop enables the trader to choose from predefined layouts or to create and save personal layouts. The one downside of this platform is that it supports Windows XP or Vista exclusively, no Mac OS and no Windows 7.
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Risk Disclaimer: DailyForex will not be held liable for any loss or damage resulting from reliance on the information contained within this website including market news, analysis, trading signals and Forex broker reviews. The data contained in this website is not necessarily real-time nor accurate, and analyses are the opinions of the author and do not represent the recommendations of DailyForex or its employees. Currency trading on margin involves high risk, and is not suitable for all investors. Before deciding to trade Forex or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite.