Forex Brokers in USA
USA as a world known and important country in the worldwide economy and financial systems hold a strong position in the Forex industry as well, yet applied some of the strictest demands to their operations. Due to USA regulations and laws, there are many implemented rules which seem to be complicated and limiting trading possibilities. However, there are numerous USA Forex Brokers that in fact bringing a reliable and very competitive trading environment.
- Some of the governmental restrictions including laws regarding the jurisdictions which have the right to open an account, while most of the platforms are anti-hedging systems, as well as trade with limited leverage that not exceeding 1:50.
- Moreover, the majority of Non-USA Brokers or those that are not registered with local authorities are not able to offer their services to US residents.
As for the regulation itself, the trading and Forex industry is overseen by the two main authorities while all US Brokers must be registered with the NFA (National Futures Association) or CFTC (Commodity Futures Trading Commission). Those supervising authorities regulate financial service providers or trading Brokers which ensures market integrity, with responsibilities to provide transparency and the highest level of client’s protection. In fact, the CFTC is among the most progressive authorities in terms of publicly that informs the citizens about taken actions and market researches, while the main mission of the organization – to find fraud companies.
Min. Deposit: 0 US$
Max. Leverage: 1:500
Trading Platforms: Mt4, MT5, TWS