Forex for a trader
Uk forex brokers accepting u s clients

Uk forex brokers accepting u s clientsAll Forex brokers that accept US residents as clients. US regulated forex brokers. Note: We don't include IBs(introducing brokers) in this list. US Brokers are regulated by NFA & CFTC. They follow strict standards and procedures, which are often found too strict for free trading than other parts of the world. Some examples: Limited Leverage Maximum: Forex 1:50 Options 1:20 (released in 2010 US Forex brokers with high leverage? Some US brokers have international branches in other countries. They offer leverage higher than 1:50.(Note: these branches operate differently and are not regulated by NFA or CFTC) No Hedging & FIFO US brokers don't allow hedging and they must implement FIFO (First In First Out). If you open more than one position on a currency pair, you must close the first before closing the second one OFAC Restrictions The Office of Foreign Assets and Control (OFAC) has placed limitations on who US forex brokers can accept as a client. Furthermore, US brokers tend to restrict their business to a certain class of traders. Credit Card are not allowed to fund forex account.

Top 5 US Forex Brokers. Do you live outside the USA? If so, the brokers listed below may not be regulated in your country. For our list of best internationally regulated brokers, see our global brokers list. 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 available to 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 a handful of NFA regulated Forex brokers in the USA that offer reliable service and user-friendly platforms (there are also several US-based Forex brokers that operate within the country's borders without the necessary regulation). 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 Forex broker outside of the United States, check out our Forex brokers reviews list to find the broker that's appropriate for you. FOREX. com is a currency trading website operated by Gain Capital Holdings, Inc., a financial services company that’s been in business since 1999.

GAIN Capital is listed on The New York Stock Exchange (NYSE: GCAP). Nadex is a Chicago-based regulated derivatives exchange designed for the retail trader that offers only limited risk products. It is part of the IG Group, a global financial services provider with a market cap of over ?2.2bn. Unlike many other binary options brokers, Nadex. com is available to U. S. citizens as it is based in the States and is a regulated US exchange, designated by the CFTC (Commodity Futures Trading Commission) and is legally permitted to accept US residents as members. At Nadex, traders have access to trade over 2,400 binary option contracts daily on some of the most popular financial markets including Forex, stock indices and commodities. Coinbase Inc. is a digital currency wallet and platform where merchants and consumers alike can buy, sell, store, bill and pay with the range of the major modern digital crypto-currencies such as Bitcoin, Ethereum, and Litecoin, against 32 established national fiat currencies. Coinbase is based in San Francisco, California, U. S.A. and was founded in 2012. In January 2017, Coinbase obtained a “Bitlicense” from the New York State Department of Financial Services, which authorizes the company to provide virtual currency business operations in New York. Coinbase Inc. is a privately-owned company, and has raised over $117 million from investors to date.

As of May 2017, it had more than 7.4 million registered users. Most Visited Forex Broker Reviews. 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. As a leveraged product losses are able to exceed initial deposits and capital is at risk. Before deciding to trade Forex or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite. We work hard to offer you valuable information about all of the brokers that we review. In order to provide you with this free service we receive advertising fees from brokers, including some of those listed within our rankings and on this page.

While we do our utmost to ensure that all our data is up-to-date, we encourage you to verify our information with the broker directly. 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. As a leveraged product losses are able to exceed initial deposits and capital is at risk. Before deciding to trade Forex or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite. We work hard to offer you valuable information about all of the brokers that we review. In order to provide you with this free service we receive advertising fees from brokers, including some of those listed within our rankings and on this page. While we do our utmost to ensure that all our data is up-to-date, we encourage you to verify our information with the broker directly. ECN brokers list | ECNSTP Forex brokers. *To be able to compare commission rates, we list them all as "Commission per round turn (100K)". There are different ways of listing commission rates: Example: $6.00 per round turn lot (100k) = $3.00 per side (100k) or $3.00 per 100K USD traded = $30.00 per million USD traded or $60.00 per million USD traded round turn = 0.006% of the trade.

Do you know another NDDSTPECN Forex broker? Please suggest by adding a comment below. Forex brokers: ECN vs STP vs NDD vs DD. DD — Dealing Desk — Forex brokers that operate (route orders) through the Dealing Desk and quote fixed spreads. A dealing desk broker makes money via spreads and by trading against its clients. A Dealing Desk Forex broker is called a Market Maker - they literally "make the market" for traders: when traders want to sell, they buy from them, when traders want to buy, they sell to them, e. g. they will always take the opposite side of the trade and in this way "create the market". A trader doesn't see the real market quotes, which allows Dealing Desk brokers (Market Makers) manipulate with their quotes where they need to in order to fill clients orders. NDD — No Dealing Desk — NDD Forex brokers provide access to the interbank market without passing orders trough the dealing desk. With true No Dealing Desk brokers there are no re-quotes on orders and no additional pausing during order confirmation. This, in particular, allows trading during news times with no restrictions on trading. An NDD broker can either charge commission for trading or choose to increase the spread and make Forex trading commission free. No Dealing Desk brokers are either STP or ECN+STP. STP — Straight Through Processing — STP Forex brokers send orders directly from clients to the liquidity providers - banks or other brokers. Sometimes STP brokers have just one liquidity provider, other times several. The more there are liquidity providers and therefore liquidity in the system, the better the fills for the clients. The fact that traders have access to the real-time market quotes and can execute trades immediately without dealer intervention is what makes the platform STP. ECN — Electronic Communications Network — ECN Forex brokers additionally allow clients' orders to interact with other clients' orders.

ECN Forex broker provides a marketplace where all its participants (banks, market makers and individual traders) trade against each other by sending competing bids and offers into the system. Participants interact inside the system and get the best offers for their trades available at that time. All trading orders are matched between counter parties in real time. A small trading fee - commission - is always applied. Sometimes STP brokers are discussed as if they were ECN brokers. To be a true ECN, a broker must display the Depth of the Market (DOM) in a data window, let clients show their own order size in the system and allow other clients to hit those orders. With ECN broker traders can see where the liquidity is and execute trades. Broker types and revenues: fixed vs variable spreads vs commission. ECN Forex brokers always have variable spreads. Only ECN brokers charge commission for trading Forex. Commission is the only revenueprofit an ECN broker receives. ECN brokers are not making money on bidask (spread) difference. An STP Forex broker is compensated through the spread (spread markups - to be explained in details below).

STP brokers have a choice of offering variable or fixed spreads. STP brokers route all trading orders to the liquidity providers - banks. These brokers, as intermediaries between their clients and banks, receive prices (spreads) posted by the banks on the Interbank market. Most banks, in fact, offer fixed spreads and are market makers. An STP broker therefore has 2 options: 1. Let spreads be fixed. 2. Leave the spread at 0 and let the system take the best bid and ask from the number of banks (the more the better) and in this way provide variable spreads. How an STP broker earns its money? Since STP brokers (as well as ECN) don't trade against their clients, they add own small markups to the spread quote. This is done by adding a pip (or half a pip, or any other amount) to the best bid and subtracting a pip at the best ask of its liquidity provider. All client orders are directly routed to the liquidity providers at original spread quoted by those providers while an STP broker earns its money from own markups. Many STP brokers run a hybrid STP model: DD + NDD Every STP broker signs a business contract with its liquidity providers (prime brokers), where the contract terms regulate the minimum transactions level which will be accepted by the liquidity provider. This means that all small orders placed by traders (usually those which are below 0.1 lot) cannot be sent to the liquidity providers, because they won't be accepted; and therefore such orders should be handled by the STP broker, who in this case becomes a counter-party for your transaction (Dealing desk model). If you trade with "Cents account" or a "Mini account", your STP broker is most likely always is a counter-party of your trades. For all larger orders (as a rule, above 0.1 lot), the STP broker uses its real STP technology bridge & sends orders to its liquidity provides.

With each transaction, the broker receives a portion of the spread. Forex market maker - a broker with a dealing desk earns money on bidask difference as well as when a client loses a trade, since market makers are trading against their clients by hedging - entering in an opposite trade. STP brokers make money on spreads, thus even though they do not have a physical dealing desk to monitor and counter-trade client orders (unless its a hybrid STP model), they are still able to set their own price - the spread markup - for routing trading orders to liquidity providers and providing their clients with advanced trading services, lower account deposits, faster execution and anonymous trading environment with no dealing desk. STP brokers are also interested to see their clients trading profitable, so that a broker can continue earning on spreads. Market makers make money on spreads and by hedging against their clients. However, if a client becomes "too" profitable, it can directly "upset" the broker. While this may be tolerated and professionally managed by a larger reputable market maker, with a smaller dealer such client will be soon asked to leave. Benefits of trading with No Dealing Desk brokers. Among the main reason why traders look for NDD brokers is transparency, better and faster fills and anonymity. Transparency means that a trader enters a true market instead of the market being artificially created for him. Better fills are a result of the direct and competitive market bids and offers.

Anonymity means that there is no Dealing Desk watching who has come to the market and is asking for an order to be filled, instead client orders are executed automatically, immediately through the market network and totally anonymously. On the opposite side is a Dealing Desk broker, who is able to profile their clients. In the worst case scenario, such broker can split clients into groups and put less successful ones on auto-execution and trade against them because on average they will lose, while clients that show signs of successful trading will be put on "slow-down" mode and can be provided with frequent re-quotes, slippage andor slower execution especially during fast moving markets while a broker tries to offset own risks. The transparency of a Dealing Desk broker depends on the rules inside the company. Forex Brokers aren't bad on general, whether a Dealing or Non-Dealing Desk, they aren't there to be against any particular trader. They look to make business, not just work for traders in terms of cooperation in the market environment. Many large Forex brokers who have lots of clients tend to try to help their clients become profitable as much as they can, but once a trading order is placed, its everyone for themselves. Best Forex Brokers in USA 2018. With one of the most active trading communities, the US is one of the most highly regulated regions in the world. FX Empire is here to help chart the waters of the local industry and to help you decide who you should be trading with. Through the course of our research we have considered a variety of key areas such as safety, technology, support and trading conditions, in order to help you find the perfect trading partner. How to Choose a Forex Broker (as a US trader) Considered the world’s largest market, the forex market never closes.

It runs 24 hours a day and 7 days a week. Affected by numerous external factors, the forex market offers traders huge profitable opportunities for those who dare to dabble in it. The U. S forex industry is considered the most active forex industry around the world. Under U. S financial regulations, only brokers which are registered with the NFA or CFTC are permitted to accept traders from the U. S. Hence, this severally limits the choice of forex brokers which U. S based traders can choose. How to Choose a Forex Broker (as a US trader) If you are a U. S trader who wishes to participate in retail forex trading, there are a few things that you should be aware off first before you decide which broker you wish to sign up with. This article will look at those areas which include: Regulated by competent regulatory agency Suitable and reliable trading platforms Competitive trading cost Having suitable trading accounts Reliable customer service. General Regulation & US Regulation. The forex market being an OTC (Over the Counter) market is one of the most difficult markets to regulate since there is no central exchange where forex trading activities are being carried out. Because of the unregulated nature of the OTC market, to protect U. S based investors from being scammed, the US government has introduced a regulatory framework to require all financial services providers to be a registered member of an authorized exchange. In short, the broker must be a member of the Natural Futures Association (NFA) or the Commodity Futures Trading Commission (CFTC). However for the U. S, the main regulatory agency which is responsible for regulating forex trading is the NFA. The NFA was established in 1982 and is a self-regulatory, non-profit organization. Its main responsibility includes the following: Approving and licensing of forex brokers Ensuring all approved brokers are in compliance with regards to their capital requirement Monitoring for fraudulent activities and stop such activities Reviewing the compulsory audited reports submitted by the brokers. In other words, the NFA ensures that all brokers operating in the U. S financial trading industry are operating with integrity, transparency and in compliance of their regulatory requirements. To help forex traders verify the regulatory status of brokers, the NFA has also provided a verification system known as called Background Affiliation Status Information Center (BASIC) where traders can log in and check if a broker is an approved broker that is in compliance with all the regulatory requirements. Trading Platform & Software. There are two main types of platforms adopted by brokers, proprietary which are built and designed in house by the broker or genericwhite labeled platforms which are built by a third party and feature the brokers branding, such as their logo.

The most popular example of this is the MetaTrader4 by MetaQuotes. This is adopted by most if not all forex brokers on the market today. Other popular examples are the Sirix Platform and the cTrader. It’s worth test-driving the proprietary platforms first in order to decide if their structure and interface suits you as a trader. As the trading platform is the most important part of the broker’s operation, most brokers offer their clients a choice of a few different kinds of trading platforms. Desktop PlatformDownload. Depending on the trader’s preference, there is usually a choice of a desktop trading platform which traders can download and install onto their desktop computers such as the MetaTrader 4 platform. Alternatively if they do not wish to download and install any software, they can opt for a web based trading platform which can be accessed using a web browser. For traders who find themselves on the move and wish to keep in touch with all the developments in the financial markets, they can use mobile trading apps which can be downloaded and installed onto their smartphones or mobile devices. What is most important when evaluating a trading platform is to ensure that it is user friendly and comes with all the necessary tools that will help a trader trade more effectively. Important tools that feature on trading platforms include advanced charting systems with the ability to incorporate indicators and studies. This is particularly useful for those traders that rely on trading strategies. Other features a live market news stream to keep the trader update, although sometimes this features on the brokers website rather than on the platform, economic calendar of upcoming events, live support directly from the platform and the ability to trade from charts.

Commissions, Spreads & Leverage. Trading costs represent a huge determinate factor of a trader’s ability to make profit when trading forex. The higher the cost of trading, the more prices have to move in the trader’s favor before he can make profit from his trade. Hence, it is crucial that you pay close attention to the commissions and spreads that a broker will levy on your trade. In the forex industry, most brokers do not charge their traders any commission on the trades that they make. However in cases where the broker is a Non Dealing Desk (NDD) where the trader’s order is transmitted directly to the liquidity pool, the broker will typically charge traders a small commission for their service. The key benefit of trading with a NDD broker is the raw interbank spreads which traders will have access to. The normal trading cost which a trader will incur is the spread which they pay on the asset traded. The spread is just the difference between the BID and ASK price. Spreads can be in the form of fixed spreads or in the form of variable spreads. Fixed spreads as their name implies are fixed and higher than variable spreads. They are suitable for traders who want to know beforehand the spread that they will pay before executing a trade. Variable spreads on the other hand although lower than fixed spreads can fluctuate depending on the volatility in the market.

One major limitation which forex traders in the U. S will face is the leverage which they can get from their brokers. Because of the regulatory requirements imposed by the NFA, forex brokers in U. S can only offer their clients a maximum of 1:50 leverage ratio. Leverage is the ability to multiply your capital in order to gain more exposure to the market. So 1:50 leverage means your invested capital will be worth 50 times more than its face value. Leverage comes with extra reward but also increases the risk level, so should be used carefully by novice traders. The type of trading accounts that are provided by a forex broker in the U. S depend on the primary focus of the broker. If the main focus of the broker is the small retail trader, the broker will most likely provide their clients with the ability to trade in lots smaller than the standard lot size of 100,000 units of currency. These types of trading account are called Micro and Mini account. The difference between a micro and a mini account is the lot size, 1,000 units for the mini account and 10,000 units for the mini account. Both these types of trading accounts are termed as “beginner friendly” as they have a low minimum deposit requirement. For some forex brokers, they do not differentiate between the different types of clients that they have. This type of broker usually offer only one standard type of trading account to cater to all their clients regardless of how much they invested. The third type of trading account that is offered by some brokers is the VIP trading account. VIP trading accounts are geared towards high net worth clients that demand more from their brokers.

Usually this type of trading account comes with benefits such as dedicated account manager and fund management facility. The last thing that most traders have in their mind when evaluating a forex broker is customer support. The fact is, for any online based service industry, it represents the cord that links the trader to the broker. By entrusting their hard earned cash to the broker, it is only fair that the broker is responsive to any queries or problems that the trader may have while trading. Hence, it is important to look for a broker that has provided traders with multiple methods of communicating with the support team. In addition, the support hours must be long enough to cover the trading hours and not be limited to office hours since the forex market is actually a 24 hours market. Another factor to consider when evaluating a broker’s customer support service is whether the support service is available in multiple languages or just one language. Apart from all the above mentioned factors, check out if the broker that you are evaluating is offering additional value added services. Additional services such VPS, social trading, educational resources and free trading signals are all value added services which can help tip the scale in a broker’s favor over other brokers in the industry. We understand that for U. S traders, selecting the best forex brokers in the USA to work with can often be a frustrating and tedious process, given the fact that there are so many factors to consider. To help our readers, we have reviewed a selection of the key U. S forex brokers based on the criteria that we mentioned in this guide. So if you are looking for a U. S based forex broker that is dependable and reliable, we urge you to read our reviews of the best forex brokers in USA. 173 . wrayjustin Trading Pennies for Dollars FXMarketMaker Professional Trader Hot_Biscuits_ Models and Bottles spicy_pasta RichJG Financial Astrologer El_Huachinango MOD finance_student Prop Trader AutoModerator » the front page of the internet. and subscribe to one of thousands of communities. 3 A1nerd 🍰 Want to add to the discussion?

–boogybren Live Trader 0 1 2 3 (3 ) –boogybren Live Trader 1 2 3 3 (1 ) –marcusrider Live Trader 1 2 3 3 (0 ) – deleted 0 1 2 3 (0 ) –maindoor 0 1 2 3 (0 ) –enivid Live Trader 0 1 2 3 (1 ) –sailfx 0 1 2 3 (0 ) –4xstyle Live Trader 0 1 2 3 (0 ) –awesterdam 0 1 2 3 (1 ) –4xstyle Live Trader 0 1 2 3 (0 ) –marcusrider Live Trader 0 1 2 3 (3 ) – deleted 1 2 3 3 (2 ) –marcusrider Live Trader 1 2 3 3 (1 ) – deleted 1 2 3 3 (0 ) –marcusrider Live Trader 1 2 3 3 (3 ) –marcusrider Live Trader 0 1 2 3 (1 ) Reddit for iPhone Reddit for Android mobile website. , . © 2018 reddit . . REDDIT and the ALIEN Logo are registered trademarks of reddit inc. ? Rendered by PID 6600 on r2-app-000bbc7f24fc134a4 at 2018-08-27 01:19:31.087251+00:00 running b1939d2 country code: UA. Top 10 US Forex Brokers by TradersAsset. The USA has a highly regulated financial services industry. Due to the diverse range of financial product available, there are many different regulatory authorities and licensing commissions tasked with overseeing the financial services industry in America. The ones most relevant to online Forex trading include the Commodity Futures Trading Commission (CTFC) and the National Futures Association (NFA) . These two regulatory bodies oversee the general running of many US-facing Forex brokers. The important thing to understand here is that, although the US online Forex market appears heavily regulated, this particular regulatory system is more of a system of ethics than a direct legal guideline when it comes to the world of online trading. Online Forex trading is essentially a decentralised industry that operates with no central governing body at this time. Therefore, similarly to many other global territories, it isn’t illegal to trade online if you live in the US. 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. With the above said, brokers that have been approved by the CTFC (US) and the NFA (US) are however seen as “legitimate” and “regulated” brokers that can accept US traders. Top 10 US Forex Brokers. Recommended US Forex Brokers for US Traders. We have reviewed and listed a collection of our highest recommended Forex Brokers that accept US customers. Each meets our strict criteria such as having a wide range of banking options, a reliable trading platform and fantastic customer service. Should you require any additional information on any of these brokers, please read our detailed reviews for each one. US traders can be safe in the knowledge that any of the brokers listed below will provide a secure and reliable trading experience that you will want to return to time and time again. LMFX – Global Trade Partners Ltd, the parent company of LMFX, is incorporated and regulated by the laws of the Republic of Macedonia. This means they are US friendly, and offer US citizens a wide range of banking options. Their minimum deposit amount is a low $50, and their max leverage amount is 1000:1 is available. One of the key strengths of LMFX is their attentive account management, who are highly capable and make even the most complex issue a hassle free experience.

They are highly recommended. OandA – OandA is in fact licensed in Canada by the IIROC. They have also been granted licenses to operate by the CFTC (US), NFA (US), the FCA (UK), the Monetary Authority of Singapore and also the Dubai Financial Services Authority. They offer a low minimum deposit amount and a leverage of 50:1. US Friendly Forex Brokers. Due to the recently approved Dodd-Frank Act, many forex brokers have decided to pull back out of the US markets and not to accept US customers anymore. This includes foreign forex brokers, many of whom made the decision to pull back from the US retail forex market to avoid possible legal issues. Since October 18th, foreign affiliates of US based brokers can only serves as counterparties to US retail customers if they themselves are registered with the CFTC (Commodity Futures Trading Commission). That would also mean complying to the new CFTC leverage rules, that have set maximum leverage for US retail clients at 50:1 (20:1 for minors). From July 2011 on, foreign banks will also no longer be permitted to serves as counterparties for US retail forex clients. These rules may change again in the future, but for now they cause both U. S based forex brokers and foreign forex brokers to pull back out of the US retail markets. Below is a list of forex brokers that are still US friendly. Note : If you know of other forex brokers that are US friendly, or found that a broker mentioned in the list below no longer accepts US clients, please let us know by leaving a comment below . List of US Friendly Brokers. Red = recently stopped accepting U. S. customers.

Blue linked = still accepting U. S. customers and offering a nice bonus; click the link for more info. AAAFX (reportedly this broker is no longer serving US customers) Arab Financial Brokers. Dukascopy (reportedly this broker is no longer serving US customers) FBS (reportedly this broker is no longer serving US customers) Forex Club --> $100 - $200 bonus , NFA regulated ( Forex Club review ) Forex4You (reportedly this broker is no longer serving US customers) Forex Metal --> up to $3,000 bonus ( Forex bonus review ) FXOpen (reportedly this broker is no longer serving US customers) FXPro (reportedly this broker is no longer serving US customers) GotMoneyFX (reportedly this broker is no longer serving US customers) Hotforex (reportedly, USA is no longer option when filling out application; select 'other', then no problems) Instaforex (reportedly this broker is no longer serving US customers) InvestTechFX - Canada (reportedly this broker is no longer serving US customers) InvestorEurope. com (reportedly this broker is no longer serving US customers) Liteforex --> (reportedly this broker is no longer serving US customers) Loyal Forex (British Virgin Islands) LucrorFX (New Zealand) MF Financial - UK. Marketiva --> $5 forex no deposit bonus fore new traders (Marketiva bonus review) PrimeBank Forex (reportedly stopped operating) Renesource Capital (Latvia) Rexfo (qualify as 'elective professional', and min. deposit $10,000) SHKdirect (Hong Kong) Sparenfx (reportedly this broker is no longer serving US customers) Tadawul FX (reportedly this broker is no longer serving US customers since July 18th 2011) The Collective FX Global (Belize) Traders Trust (Cyprus) (reportedly this broker is no longer serving US customers) United World Capital (reportedly this broker is no longer serving US customers) Windsor Direct (reportedly this broker is no longer serving US customers) Vantagefx (reportedly this broker is no longer serving US customers) FXtradeweb. com is accepting US clients. I've heard good things about them, its an ECN Broker. US Friendly Forex Brokers. Due to the recently approved Dodd-Frank Act, many forex brokers have decided to pull back out of the US markets and not to accept US customers anymore. This includes foreign forex brokers, many of whom made the decision to pull back from the US retail forex market to avoid possible legal issues. Since October 18th, foreign affiliates of US based brokers can only serves as counterparties to US retail customers if they themselves are registered with the CFTC (Commodity Futures Trading Commission). That would also mean complying to the new CFTC leverage rules, that have set maximum leverage for US retail clients at 50:1 (20:1 for minors). From July 2011 on, foreign banks will also no longer be permitted to serves as counterparties for US retail forex clients. These rules may change again in the future, but for now they cause both U. S based forex brokers and foreign forex brokers to pull back out of the US retail markets.

Below is a list of forex brokers that are still US friendly. Note : If you know of other forex brokers that are US friendly, or found that a broker mentioned in the list below no longer accepts US clients, please let us know by leaving a comment below . List of US Friendly Brokers. Red = recently stopped accepting U. S. customers. Blue linked = still accepting U. S. customers and offering a nice bonus; click the link for more info. AAAFX (reportedly this broker is no longer serving US customers) Arab Financial Brokers. Dukascopy (reportedly this broker is no longer serving US customers) FBS (reportedly this broker is no longer serving US customers) Forex Club --> $100 - $200 bonus , NFA regulated ( Forex Club review ) Forex4You (reportedly this broker is no longer serving US customers) Forex Metal --> up to $3,000 bonus ( Forex bonus review ) FXOpen (reportedly this broker is no longer serving US customers) FXPro (reportedly this broker is no longer serving US customers) GotMoneyFX (reportedly this broker is no longer serving US customers) Hotforex (reportedly, USA is no longer option when filling out application; select 'other', then no problems) Instaforex (reportedly this broker is no longer serving US customers) InvestTechFX - Canada (reportedly this broker is no longer serving US customers) InvestorEurope. com (reportedly this broker is no longer serving US customers) Liteforex --> (reportedly this broker is no longer serving US customers) Loyal Forex (British Virgin Islands) LucrorFX (New Zealand) MF Financial - UK. Marketiva --> $5 forex no deposit bonus fore new traders (Marketiva bonus review) PrimeBank Forex (reportedly stopped operating) Renesource Capital (Latvia) Rexfo (qualify as 'elective professional', and min. deposit $10,000) SHKdirect (Hong Kong) Sparenfx (reportedly this broker is no longer serving US customers) Tadawul FX (reportedly this broker is no longer serving US customers since July 18th 2011) The Collective FX Global (Belize) Traders Trust (Cyprus) (reportedly this broker is no longer serving US customers) United World Capital (reportedly this broker is no longer serving US customers) Windsor Direct (reportedly this broker is no longer serving US customers) Vantagefx (reportedly this broker is no longer serving US customers) FXtradeweb. com is accepting US clients. I've heard good things about them, its an ECN Broker. Forex Information – Education About Forex Market.

Website focused in Forex education which contains information about the Forex market, Forex brokers, Forex autotrading, Binary Options and many more. Interesting Forex Content. Receive New Content In Your E-mail. Brokers that accept USA customers. Forex brokers for US Traders. As many U. S. traders know, just a few Forex brokers have the authorization to offer their services to customers in the United States. Due to strict regulations that have imposed by the financial regulatory authorities of that country, most brokers that offer their services to trade in the Foreign Exchange market to customers virtually around the world are not allowed to do the same in the United States because most of these companies do not meet all the standards that are common for example, for stock brokers. The US authorities have imposed a restriction that limits the leverage that these companies can offer to only 1:50 (for U. S. customers), so some brokers already operating in that country had to move their operations to another countries such Australia or Cyprus for example in order to continue providing the same service. An example of this is the broker IBFX that recently opened IBFX Australia, which offers the same maximum leverage of 1:400. A Forex broker that operates in the United States must be registered and comply with the regulations of the NFA (National Futures Association) and CFTC (Commodity Futures Trading Commission) which ensures that meet a set of fundamental requirements that have the great advantage that will ensure the customer a better service, security of funds when investing in opening a trading account and legal support. Thus, the client may have greater security when operating with a broker of these when compared with some brokers from other countries whose modus operandi is somewhat dubious. In summary, a customer having a problem with a broker with permission to operate in the United States has at least one opportunity to complain to some authority that could resolve the problem.

CFTC goes after forex broker JAFX for accepting US clients. The U. S. Commodity Futures Trading Commission (CFTC) has filed a civil action against forex broker JAFX , accusing it of soliciting and accepting US customers in violation of the Commodity Exchange Act and agency rules. More specifically, the CFTC’s complaint was filed on July 27, 2018 in the U. S. District Court for the District of Utah. It alleges that JAFX has been the counterparty to leveraged, retail forex transactions for customers located in the United States from September 2016 to present. The CFTC also alleges that the broker misrepresented its profit probability and risk of loss to customers. JAFX is operated by JAFX Ltd, a company registered in St. Vincent and the Grenadines and with operations in Sofia, Bulgaria. It is not authorized to operate in the USA, nor to solicit residents of the US. According to the US legislation, only forex brokers registered with CFTC or the National Futures Association (NFA) are allowed to deal with US customers. That is why a number of forex brokers explicitly state on their websites that they do not accept US customers. In fact, JAFX has also included such a warning on its home page, but when registering for an account, one of the existing options for country is the United States. According to its website the broker offers trading in many currency pairs, CFDs on indices, commodities and a number of cryptocurrencies on the popular MetaTrader 4 platform.



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