The global foreign exchange market, by its very nature, is an open industry where international traders can speculate on the fluctuations of currencies from around the world. However, while investing in Forex is available to everyone, there are some brokers who don’t cater to customers in the US. Indeed, because of certain legal restrictions it is difficult for international companies to obtain a licence to trade Forex in the US, which means users within the country’s boarders must find alternative platforms.
To legally become a registered US Forex broker a company must meet a number of conditions and apply for a licence with the US Security and Exchange Commission (SEC). This regulatory body is responsible for overseeing the industry and ensuring fair trading takes places between brokers as well as its customers.
Thankfully, while trading on the foreign exchange from inside the US is tricky it’s not impossible and at fxBrokerSearch.com we’ve outlined the best US Forex brokers on the market. Using a combination of expert analysis and user feedback, we’ve compiled an extensive list of US-friendly brokers and outlined their vital statistics.
By focusing on every aspect of each site we’re able to explain exactly which US Forex brokers are best suited to a range of different needs. No matter whether someone looking for tight spreads, juicy bonuses or low deposit limits, our database brokers has everything they need to begin trading immediately.
Investing money on the currency exchange market requires a mixture of discipline, skill and knowledge. Indeed, a trader needs to know exactly which brokers are best suited to their needs because not only will this save them time but help them make more money in the long run. At fxBrokerSearch.com we realise this is the case and that’s why our list of US FX brokers caters to everyone irrespective of their experience or how much money they are looking to invest.
|Best US Forex Brokers|
|Name||Forex Broker Inc.||FXCM||Forex.com||Forex Club||Interactive Brokers||OANDA||Belforfx||Forex-Metal||Profiforex||FXCM Micro|
|Visit Site||Sign Up||Sign Up||Sign Up||Sign Up||Sign Up||Sign Up||Sign Up||Sign Up||Sign Up||Sign Up|
|Spread - EUR/USD||0.70||2.70||1.60||0.60||1.20||0.90||-||1.90||2.00||2.70|
|Spread - GBP/USD||0.70||2.80||2.60||1.80||1.30||2.50||-||3.00||3.00||2.80|
|Accept US Traders||Yes||Yes||Yes||Yes||Yes||Yes||Yes||Yes||Yes||Yes|
|Name||Noble Services||Forex Capital Markets, LLC||GAIN Capital Group||Forex Club Financial Company, Inc.||Interactive Brokers Group, LLC||-||-||FM Financial Services Ltd||Profiforex Corp.||FXCM Inc.|
|Regulation Authority||-||NFA (US), CFTC (US) SFC (Hong Kong), ASIC (Australia) CONSOB (Italy), FCA (UK) DGCX (Dubai), BaFIN (Germany) ACP (France), AMF (France)||NFA (US), CFTC (US) SFC (Hong Kong), ASIC (Australia) FCA (UK), FSA (Japan) SEC (US), IIROC (Canada) FINRA (US)||NFA (US), CFTC (US)||NFA (US), FCA (UK) SEC (US), NASD (US) FINRA (US), SIPC (US)||NFA (US), CFTC (US) FCA (UK), DFSA (Dubai) IIROC (Canada), MAS (Singapore)||-||IFSC (Belize)||-||NFA (US), CFTC (US) SFC (Hong Kong), ASIC (Australia) CONSOB (Italy), FCA (UK) DGCX (Dubai), BaFIN (Germany) ACP (France), AMF (France)|