HomeCountriesBest Forex Brokers USA 2021

Best Forex Brokers USA 2021

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 the NFA regulated brokers group requires adherence to the strict NFA rules.

USA Forex Brokers List

1
Min. Deposit
$250
Exclusive promotion
Our score
10
Leverage
400:1
New accounts
Spreads
0.25
PIPs
Regulations
CFTC
Forex Pairs
11+
No Fee
Start trading
Pros:
Regulated by CFTC
Low fees and minimums
A good selection of educational content, including videos and webinars
Payment methods
ACH, Debit Card, Wire Transfer
Full regulations list:
CFTC
Trading on Nadex involves financial risk and may not be appropriate for all investors.
2
Min. Deposit
$10
Exclusive promotion
Our score
9.3
Leverage
500:1
New accounts
Spreads
0.8
PIPs
Regulations
Forex Pairs
55+
No Fee
Start trading
Pros:
55+ currency pairs available
Trade on a trusted platform
24/7 support via live chats, email or phone call
Payment methods
Credit Card, Debit Card, Visa, Bitcoin
Full regulations list:
LonghornFX offers high-leverage trading on a wide variety of assets. Trading with leverage carries a degree of risk which may result in losing more than your investments. Clients should practise risk management to protect themselves from losing more than they can afford when trading with leverage.
3
Min. Deposit
$200
Exclusive promotion
Our score
8.7
Leverage
500:1
New accounts
Spreads
0.5
PIPs
Regulations
FSPR, FMA New Zealand
Forex Pairs
27+
No Fee
Start trading
Pros:
BlackBull Markets’ unique feature lies in its stated goal of delivering an “institutional” trading experience to retail clients
No-Dealing Desk Broker (NDD), with Straight Through Processing (STP) all done on a true ECN
State of the art Equinix servers, based in New York (NY4), London (LD5) and Tokyo (TY3)
Payment methods
Mastercard, Visa, Bank Transfer, Neteller, Skrill, UnionPay, FasaPay
Full regulations list:
FSPR, FMA New Zealand
4
Min. Deposit
$10
Exclusive promotion
Our score
8.5
Leverage
500:1
New accounts
Spreads
0.7
PIPs
Regulations
Forex Pairs
55+
No Fee
Start trading
Pros:
0% Commission Account
Low Spreads
Eco-Account Option
Payment methods
Bitcoin, Credit Card, Debit Card
Full regulations list:
Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary seek independent advice.
5
Min. Deposit
$100
Exclusive promotion
Our score
7.9
Leverage
30:1
New accounts
Spreads
0.7
PIPs
Regulations
NFA, CFTC, FCA
Forex Pairs
No Fee
Start trading
Pros:
Open an account in less than 5 minitues with the global Market leader since 2001
Trade on one of the world's most popular trading platforms with access to dedicated support and integrated trading tools exclusive to FOREX.com
We’ve spent over a decade investing in technology and building a deep network of liquidity partners, so we can consistently quote tight spreads in most market conditions.
Payment methods
Debit Card, Bank Wire, ACH, Credit Card, PayPal
Full regulations list:
NFA, CFTC, FCA, FSA, IIROC, CIMA, FFA Japan, MAS, SFC of Hong Kong
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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 a 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

USA 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 the UK, Australia and Switzerland.

Continue reading about: NFA regulated Forex brokers