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US Forex Brokers




US Forex brokers... Most reliable?

US based Forex brokers

You can put the question this way; becoming a US Forex broker isn't as simple as registering an off-shore brokerage.

The answer lies in the regulatory requirements. All US brokers must be registered with NFA (National Futures Association).

While registration itself isn't the issue, being a member of NFA regulated brokers group requires adherence to the strict NFA rules.

US Forex brokers list:


Compare US Forex brokerUS forex broker Broker typeUS forex broker MinimumUS forex broker
deposit
MaxUS forex broker
leverage
MinUS forex broker
lot
Spread
EUR/USD
Funding methodUS forex broker RegulatedUS forex broker
ATC BrokersECN/STP & STP$500050:10.050.1Bank Wire, Check, Debit Card, Credit Card
CMS ForexMarket maker$25050:10.10.9Bank Wire, Check
FastBrokersECN/STP & Market maker$200050:10.10.7Bank Wire, Check, PayPal
FIPFX GLOBALSTP & Market maker$200400:10.11Bank Wiren
Forest Park FXDMA/STP & STP$150:10.010.2Bank Wire, Debit Card, Check, ACH, Neteller, Skrill, Pay Nova, InstaBill
FOREX.comECN/STP & Market maker$250200:10.011.5Bank Wire, Check, Debit Card
FOREXerMarket maker$200500:10.012.5Bank Wire
Fortress CapitalSTP$150:10.010.6Bank Wire, Debit Card
FX-EDGEECN/STP$200100:10.010.2Bank Wire, Credit Card, Debit Card, Payeer, PayPal, FasaPayn
FXCMSTP & Market maker$5050:10.010.2Bank Wire, Check, Debit Card, ACH
FXDDMarket maker$150:110.2Bank Wire, Check, ClickandBuyn
GAIN Capital GroupECN/STP & Market maker$10000050:110.2Bank Wire, Check, Debit Card
IKON Global MarketsSTP & Market maker$20050:10.10.8Bank Wire, Credit Card
Interactive BrokersECN/STP$300050:10.250Bank Wire, Check, ACH
MB TradingECN/STP$40050:10.010.1Bank Wire, Check, Debit Card, ACH
OANDAMarket maker$150:10.000011.2Bank Wire, Check, Debit Card
thinkorswimMarket maker$150:10.12Bank Wire, Check, ACH
TradeKingMarket maker$50050:10.11.7Bank Wire, Check, Debit Card, ACH
TradersChoiceFXECN/STP & STP & Market maker$25050:10.011Bank Wire, Check, Debit Card
TradeStation SecuritiesDMA/STP$2000100:10.11.6Bank Wire, Check


Requirements to become a US Forex broker

All US Forex brokers must be registered with NFA.
All introducing Forex brokers in the US must also be registered with NFA.

Forex broker - RFED - Retail Foreign Exchange Dealer is required to submit the following to NFA:

1. Online Form 7-R
2. Documents:
- Financial statement,
- Anti-Money Laundering Procedures,
- Business Continuity and Disaster Recovery Procedures,
- Promotional Material Procedures,
- Supervision of Associated Persons Procedures,
- Customer Complaint Procedures,
- Source of Assets Letter, describing the source of the firm's current assets

3. A non-refundable application fee of $500
4. Retail Foreign Exchange Dealer Membership Dues of $125,000

For a complete list of any additional other documents, please refer to:
http://www.nfa.futures.org/NFA-registration/rfed/index.HTML

US Forex brokers with high leverage?

All US brokers are required to provide leverage no higher that 50:1 according to 50:1 Leverage CFTC Rules. This leverage will be offered to all US residents without exception. Non-US residents, who seek to open an account with the US based broker, might be able to get a higher leverage for their trading accounts. This option is often available when a broker has multiple branches around the globe.

Among such brokers are:

ATC Brokers - 200:1 leverage for non-US accounts
CitiFX Pro - 100:1 leverage for non-US accounts
CMS Forex - 100:1 leverage for non-US accounts
FastBrokers - 200:1 leverage for non-US accounts
FOREX.com - 200:1 leverage for non-US accounts

US Forex brokers vs other brokers

So, what's the difference between US and other Forex brokers?

The two striking differences are:
- leverage options
- regulatory regime

US brokers offer a pretty low leverage 50:1 (NFA rules requirements) comparing to other brokers, who can shoot up to 1000:1 or higher with no consequences. This makes US brokers less competitive in the eyes of many novice traders, who generally need a larger leverage boost from the start.

Forex brokers in the US are among the most regulated brokers in the world. The regime and penalties by NFA are high and strict, thus no one essentially wants to go off the marked path. This fact certainly provides the highest level of trust to the US brokers.

Alternatives to US Forex brokers

Are there good alternatives to US Forex companies? Although traders won't find better regulated Forex brokers than those in the United States, other countries to consider are: UK, Australia and Switzerland.

Continue reading about: NFA regulated Forex brokers

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Did we miss any US Forex broker? Please suggest by adding a comment below.



Broker discussion area

trader

March 20, 2017

I am with TryMarkets. And I found they are the best broker in forex industry. This broker offering fast execution and tight spreads over 100 products on currencies, metals and indices to their clients. You can have direct access to inter-bank prices and they are top tier liquidity providers. They give flexible leverage facility. And the true ECN pricing. Customers funds are secure in their hands, because their security policy is so good.


trader

March 9, 2017

Why is this forexgrand.com broker not listed?


BrokerGuru

February 11, 2017

Thank you!
NFA still shows that they are registered for FXCM:
https://www.nfa.futures.org/basicnet/SearchResults.aspx?type=firm&firm=FOREX+CAPITAL+MARKETS+LLC


trader

February 7, 2017

FXDD and FXCM need to be Removed from this list they have been Banned by the U.S. Commodity Futures Trading Commission (CFTC)

http://www.cftc.gov/PressRoom/PressReleases/pr7528-17


BrokerGuru

December 1, 2016

VisaFx is not regulated.


trader

December 1, 2016

Guru visafx from dominica, is it regulated...?


trader

June 18, 2016

LMFX accept customers from the United States.


BrokerGuru

June 3, 2016

iClickNTrade is located in the US, hence listed here. Their address is:

4861 N Dixie Hwy
Oakland Park, FL 33334
USA

iClickNTrade is an Introducing Broker to ILG - an Australian broker. And yes, they don't accept US clients.


trader

June 1, 2016

Please remove iclickntrade from the USA list -- June 1 2016 -- The broker told me no USA accounts accepted.. You need to remove from the USA list.. Thank You


BrokerGuru

April 1, 2016

Yes, it's registered with NFA:
http://www.nfa.futures.org/basicnet/SearchResults.aspx?type=firm&firm=QYU+HOLDINGS


trader

March 30, 2016

Please can you confirm if Qyu Holdings is NFA registered?


trader

October 19, 2015

If there is someone who will geeettt!!! reeed offffffff ONANDA!!!!!!!!. THANKS.


BrokerGuru

July 19, 2015

Thank you for details, FXDD has been removed.


trader

May 12, 2015

FXDD US no longer accepts client applications and should be removed from this US Broker list. FXDD Global is registered and located in the EU and does not solicit and or accept customers from the United States.



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