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|
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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|
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