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:

Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 66-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Broker Type Country Regulation Minimum deposit Maximum leverage Minimal lot size Deposit method Spreads EUR/USD
ATC Brokers ECN/STP, STP United States NFA, CFTC, FCA $5000 50 : 1 - Mini account
50 : 1 - Standard account
50 : 1 - ECN account
0.05 - Mini account
0.05 - Standard account
0.05 - ECN account
Bank Wire, Check, Debit Card, Credit Card 0.1 pips - Mini account
0.1 pips - Standard account
FIPFX GLOBAL STP, Market Maker United States $200 400 : 1 - Mini account
400 : 1 - Standard account
0.1 - Mini account
0.1 - Standard account
Bank Wire 1 pips - Mini account
1 pips - Standard account
Forest Park FX DMA/STP, STP United States NFA, CFTC $1 50 : 1 - Mini account
50 : 1 - Standard account
0.01 - Mini account
0.01 - Standard account
Bank Wire, Debit Card, Check, ACH, NETELLER, Skrill, Pay Nova, InstaBill 0.2 pips - Mini account
0.2 pips - Standard account
FOREXer Market Maker United States FSPR, FSC, Central Bank of UAE $200 500 : 1 - Mini account
500 : 1 - Standard account
0.01 - Mini account
0.01 - Standard account
Bank Wire 2.5 pips - Mini account
2.5 pips - Standard account
Fortress Capital STP United States NFA, CFTC $1 50 : 1 - Mini account
50 : 1 - Standard account
0.01 - Mini account
0.01 - Standard account
Bank Wire, Debit Card 0.6 pips - Mini account
0.6 pips - Standard account
FX-EDGE ECN/STP United States $200 100 : 1 - Mini account
100 : 1 - Standard account
100 : 1 - ECN account
0.01 - Mini account
0.01 - Standard account
0.01 - ECN account
Bank Wire, Credit Card, Debit Card, Payeer, PayPal, FasaPay 0.2 pips - Mini account
0.2 pips - Standard account
0.2 pips - ECN account
FXCM STP, Market Maker United States FCA, ASIC $50 50 : 1 - Mini account
50 : 1 - Standard account
0.01 - Mini account
0.01 - Standard account
Bank Wire, Check, Debit Card, ACH 0.2 pips - Mini account
0.2 pips - Standard account
FXDD Market Maker United States $1 50 : 1 - Mini account
50 : 1 - Standard account
1 - Mini account
1 - Standard account
Bank Wire, Check, ClickandBuy 0.2 pips - Mini account
0.2 pips - Standard account
GAIN Capital Group ECN/STP, Market Maker United States NFA, CFTC, FCA, FSA, FSC, ASIC, FINRA $100000 50 : 1 - Mini account
50 : 1 - Standard account
25 : 1 - ECN account
1 - Mini account
1 - Standard account
1 - ECN account
Bank Wire, Check, Debit Card 0.2 pips - Mini account
0.2 pips - Standard account
Interactive Brokers ECN/STP United States NFA, CFTC, FCA, IIROC, NYSE, FINRA, SIPC $3000 50 : 1 - Mini account
50 : 1 - Standard account
50 : 1 - ECN account
0.25 - Mini account
0.25 - Standard account
0.25 - ECN account
Bank Wire, Check, ACH
MB Trading ECN/STP United States NFA, CFTC, FINRA, SIPC $400 50 : 1 - Mini account
50 : 1 - Standard account
50 : 1 - ECN account
0.01 - Mini account
0.01 - Standard account
0.01 - ECN account
Bank Wire, Check, Debit Card, ACH 0.1 pips - Mini account
0.1 pips - Standard account
0.1 pips - ECN account
OANDA Market Maker United States, Canada NFA, CFTC, FCA, IIROC, MAS $1 50 : 1 - Mini account
50 : 1 - Standard account
1.0E-5 - Mini account
1.0E-5 - Standard account
Bank Wire, Check, Debit Card 1.2 pips - Mini account
1.2 pips - Standard account
thinkorswim Market Maker United States NFA, SIPC, FINRA $1 50 : 1 - Mini account
50 : 1 - Standard account
0.1 - Mini account
0.1 - Standard account
Bank Wire, Check, ACH 2 pips - Mini account
2 pips - Standard account
TradeKing Market Maker United States NFA $500 50 : 1 - Mini account
50 : 1 - Standard account
0.1 - Mini account
1 - Standard account
Bank Wire, Check, Debit Card, ACH 1.7 pips - Mini account
1.7 pips - Standard account
TradeStation Securities DMA/STP United States NFA, CFTC, FINRA, FCA $2000 100 : 1 - Mini account
100 : 1 - Standard account
0.1 - Mini account
0.1 - Standard account
Bank Wire, Check 1.6 pips - Mini account
1.6 pips - Standard account

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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15 Comments

Hey i would like to confirm whether Mygoldsavers is a trading company.

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.

Why is this forexgrand.com broker not listed?

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

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

VisaFx is not regulated.

Guru visafx from dominica, is it regulated…?

LMFX accept customers from the United States.

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.

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

Please can you confirm if Qyu Holdings is NFA registered?

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

Thank you for details, FXDD has been removed.

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.