Top 5 Forex Brokers that Accept USA Traders
There are many forex brokers that do not cater for traders based in the United States. Forex.com is a US, UK, and Japan-based STP, ECN, and DMA broker offering the trade in more than 300 financial instruments spread across several asset classes. Established in 1989 and headquartered in the United States, Oanda offers its comprehensive solutions to traders from around the world.
While there are numerous forex brokers that offer their services to traders from around the world, there are many that do not cater for traders based in the United States. One of the main reasons for this is the stringent regulatory and legal requirements imposed by the United States for such services offered.
However, US traders who are looking for the best forex brokers that accept and welcome them, need not look further than the list below.
IG is a well-regulated and reputable broker that has offices around the world. IG offers US traders with a range of markets which can be traded through user-friendly, powerful trading platforms in addition to offering a range of trading tools, education, and reliable trade execution speeds.
Pros and Cons
|Multi-regulated||Lack of online payment processors for account funding|
|More than 17,000 tradable instruments|
|Variety of trading tools|
You might like: When robots meet humans in forex trading
Forex.com is a US, UK, and Japan-based STP, ECN, and DMA broker offering the trade in more than 300 financial instruments spread across several asset classes. With Forex.com, traders can expect exceptional trading conditions, fast trade execution speeds, and low trading costs.
Pros and Cons
|Well-regulated||Limited funding options|
|Execution scorecard||Fixed spreads not offered|
|Low minimum deposit requirement|
Established in 1989 and headquartered in the United States, Oanda offers its comprehensive solutions to traders from around the world. Traders can expect the trade-in of more than 10,000 financial instruments, a powerful proprietary trading platform through which trades can be executed seamlessly, a team of expert analysis, and advanced, helpful trading tools.
Pros and Cons
|Multi-regulated||Social trading not supported|
|Advanced trading tools offered||Restricted leverage|
|Flexible trading platforms||Fixed spreads not offered|
Established in 2009, regulated by the CFTC, and headquartered in the United States, Nadex is the largest binary option exchange in the united states that offers flexible trading solutions across forex, commodities, and stock indices.
When trading through Nadex, US traders can expect user-friendly trading platforms, competitive commission fees, the option for mobile trading, a vast range of educational material, and a secure trading environment.
Pros and Cons
|Strict regulation||CFDs and cryptocurrencies are not offered|
|Client funds are kept in separate accounts||Limited forex pairs|
|Mobile trading offered||Limited funding options|
Established in 1975, TD Ameritrade is a reputable and popular US-based Market Maker broker and exchange that offers a variety of investment and tradable financial products. In addition, traders are also offered with the use of powerful trading platforms, a range of trading tools, and an abundance of educational sources, material, and tools.
Traders are provided with margin trading, additional cash management services, and commission-free trading on stocks, ETFs, and options. In addition, traders can also expect dedicated, friendly customer support.
Pros and Cons
|Strict regulation||CFDs are not provided|
|Wide range of trading and investment products offered||Restricted leverage|
|Advanced trading tools||Limited funding options|
Ready to start trading? Open a FREE TRADING account here
(Featured image by MayoFi via Pixabay)
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
Sicit Acquires 51% of Plant Biostimulants from Chile’s Patagonia Biotechnology
Sicit specializes in the transformation of leather by-products into biostimulants for agriculture and retardants for the gypsum industry. The company...
Consolidation of the Fintech Sector Reinforces Mastercard’s Commitment to the Sector
Mauricio Schwartzmann, CEO of Mastercard Mexico, stressed that the firm's involvement with financial technology is long-term and goes hand in...
Canal de Isabel II Accelerates Towards Energy Self-Consumption
Canal de Isabel II will switch from the then state-of-the-art Pelton turbines of 1913 to producing green hydrogen from reclaimed...
Dogecoin: Doge Whales Return Due to Bullish Metrics
In the short term, Dogecoin is encountering its first major resistance at $0.075, although a larger obstacle lies at $0.08....
Exit for Kippy, which Had Closed Two Equity Crowdfunding Rounds
Kippy recently participated in the third batch of the A-Road acceleration and fundraising program which, through ongoing training and mentorship...
Crowdfunding1 week ago
RE-Lender Campaign Started on Finnexta
Biotech2 weeks ago
Prim Increases Turnover by 15% in the First Quarter of 2023, Up to €54 Million
Featured6 days ago
P&G SGR and UpsideTown Launch Energy Town Fund Dedicated to Renewables
Featured2 weeks ago
Ripple Launches Institutional CBDC Platform for Millions of Users