Forex brokers that accept us residents

All Forex brokers that accept US residents as clients.

US regulated forex brokers.

Note: We don't include IBs(introducing brokers) in this list.

US Brokers are regulated by NFA & CFTC. They follow strict standards and procedures, which are often found too strict for free trading than other parts of the world. Some examples:

Limited Leverage Maximum: Forex 1:50 Options 1:20 (released in 2010 US Forex brokers with high leverage? Some US brokers have international branches in other countries. They offer leverage higher than 1:50.(Note: these branches operate differently and are not regulated by NFA or CFTC) No Hedging & FIFO US brokers don't allow hedging and they must implement FIFO (First In First Out). If you open more than one position on a currency pair, you must close the first before closing the second one OFAC Restrictions The Office of Foreign Assets and Control (OFAC) has placed limitations on who US forex brokers can accept as a client. Furthermore, US brokers tend to restrict their business to a certain class of traders. Credit Card are not allowed to fund forex account.

Why many offshore international forex brokers don't accept US residents as clients.

Mostly because Dodd-Frank Act in the US requires that Forex brokers that want to attract US citizens must be registered with NFA & CFTC. Many international forex brokers find this costly and difficult. Many of them are also not willing to be registered by the two bodies in the US .(Read more: corpgov. law. harvard. edu/2014/04/03/dodd-frank-rules-impact-end-users-of-foreign-exchange-derivatives/)

What is Dodd-Frank Act? The Dodd–Frank Wall Street Reform and Consumer Protection Act (Pub. L. 111–203, H. R. 4173; commonly referred to as Dodd-Frank) was signed into federal law by President Barack Obama on July 21, 2010 at the Ronald Reagan Building in Washington, DC. Passed as a response to the Great Recession, it brought the most significant changes to financial regulation in the United States since the regulatory reform that followed the Great Depression. It made changes in the American financial regulatory environment that affect all federal financial regulatory agencies and almost every part of the nation's financial services industry.

Offshore forex brokers that still accept US Clients:

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I’d like to say that it’s not that if broker is regulated then your money is in safe. Regulated brokers can be scam. There are good and very popular brokers among unregulated .

Forex Brokers Guide.

Your capital is at risk. Trading on margin involves high risk, and is not suitable for all investors. Before deciding to trade forex or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite.

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Forex Brokers That Accepts U. S. Residents.

Many international Forex brokers not accept US traders. The main reason for this is the Dodd-Frank Act . On July 21, 2010 president Obama signed the Dodd-Frank wall street reform and consumer protection act. The new rules goal is to regulate financial markets like futures, options, stocks and Forex.

In order offer Forex trading service for US residents, the Forex broker must be authorized and regulated by following bodies:

NFA – the National Futures Association.

Register to these two bodies isn’t an easy task and most of the international brokers didn’t do this yet.

Brokers Accepting US residents:

ZuluTrade – exist since 2006 and accept traders from US. The company CFTC Member ID = 0389149. Here you can ZuluTrade detailed review.

To check ZuluTrade registration on NFA site click here.

eToro = eToroUSA is operated by Tradonomi LLC, which acts as an introducing broker to FX Solutions. Both eToroUSA and FX Solutions are regulated by The Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA). Tradonomi LLc is operating under license number NFA (ID:0382918). Here you can read detailed review on eToro.

To check eToro registration on NFA site click here.

Working with regulated broker ensures the safety of your funds so it’s highly recommended to work only with regulated brokers.

Top 5 US Forex Brokers.

Do you live outside the USA? If so, the brokers listed below may not be regulated in your country. For our list of best internationally regulated brokers, see our global brokers list.

If you’re a US citizen trying to choose between different US Forex brokers, you’ve probably realized that your options are more limited than those available to international traders. US Forex brokers must be regulated by the NFA or CFTC, and are subject to stringent restrictions which are designed to protect US traders. NFA regulated brokers must limit their leverage to 50:1 and conform to rigorous record-keeping and reporting requirements.

Nevertheless, there are a handful of NFA regulated Forex brokers in the USA that offer reliable service and user-friendly platforms (there are also several US-based Forex brokers that operate within the country's borders without the necessary regulation). We’ve tested the trading platforms, customer service and ease of use of the top US Forex brokers and recorded our findings to help you choose the NFA regulated broker.

If you're looking for a Forex broker outside of the United States, check out our Forex brokers reviews list to find the broker that's appropriate for you.

US Forex Brokers.

FOREX is a currency trading website operated by Gain Capital Holdings, Inc., a financial services company that’s been in business since 1999. GAIN Capital is listed on The New York Stock Exchange (NYSE: GCAP).

Nadex is a Chicago-based regulated derivatives exchange designed for the retail trader that offers only limited risk products. It is part of the IG Group, a global financial services provider with a market cap of over £2.2bn. Unlike many other binary options brokers, Nadex is available to U. S. citizens as it is based in the States and is a regulated US exchange, designated by the CFTC (Commodity Futures Trading Commission) and is legally permitted to accept US residents as members. At Nadex, traders have access to trade over 2,400 binary option contracts daily on some of the most popular financial markets including Forex, stock indices and commodities.

Coinbase Inc. is a digital currency wallet and platform where merchants and consumers alike can buy, sell, store, bill and pay with the range of the major modern digital crypto-currencies such as Bitcoin, Ethereum, and Litecoin, against 32 established national fiat currencies. Coinbase is based in San Francisco, California, U. S.A. and was founded in 2012. In January 2017, Coinbase obtained a “Bitlicense” from the New York State Department of Financial Services, which authorizes the company to provide virtual currency business operations in New York. Coinbase Inc. is a privately-owned company, and has raised over $117 million from investors to date. As of May 2017, it had more than 7.4 million registered users.

OANDA is a multi-faced financial services Forex and CFD broker and market maker. Founded in 1996, OANDA is based in New York and is available for traders in the U. S., Canada, Asia and Europe. OANDA was the first broker in 1995 to offer a broad range of currency exchange-rate information free of charge over the Web. Today, it possesses one of the world's largest and most accurate databases of currency rates, handling more than a million queries a day.

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Risk Disclaimer: DailyForex will not be held liable for any loss or damage resulting from reliance on the information contained within this website including market news, analysis, trading signals and Forex broker reviews. The data contained in this website is not necessarily real-time nor accurate, and analyses are the opinions of the author and do not represent the recommendations of DailyForex or its employees. Currency trading on margin involves high risk, and is not suitable for all investors. As a leveraged product losses are able to exceed initial deposits and capital is at risk. Before deciding to trade Forex or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite. We work hard to offer you valuable information about all of the brokers that we review. In order to provide you with this free service we receive advertising fees from brokers, including some of those listed within our rankings and on this page. While we do our utmost to ensure that all our data is up-to-date, we encourage you to verify our information with the broker directly.

Risk Disclaimer: DailyForex will not be held liable for any loss or damage resulting from reliance on the information contained within this website including market news, analysis, trading signals and Forex broker reviews. The data contained in this website is not necessarily real-time nor accurate, and analyses are the opinions of the author and do not represent the recommendations of DailyForex or its employees. Currency trading on margin involves high risk, and is not suitable for all investors. As a leveraged product losses are able to exceed initial deposits and capital is at risk. Before deciding to trade Forex or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite. We work hard to offer you valuable information about all of the brokers that we review. In order to provide you with this free service we receive advertising fees from brokers, including some of those listed within our rankings and on this page. While we do our utmost to ensure that all our data is up-to-date, we encourage you to verify our information with the broker directly.

The 3 Best U. S. Forex Brokers.

Latest Update November 11, 2015.

Because increased regulation by the CFTC and NFA caused several high-profile U. S. forex brokers to exit the market, it’s become much easier to identify the very best. In addition, higher capital requirements have made it difficult for some brokers to compete. Regulatory differences between the U. S. and the rest of the world include lower leverage limits, 50:1 compared to 400:1, and reduced access to other over-the-counter products like CFD contracts. The best U. S. forex brokers are well capitalized, understand the changing regulatory environment, and offer U. S. clients access to multiple trading products.

Thinkorswim is part of TD Ameritrade, the mega online brokerage house. U. S. customers can be confident that it is well capitalized and well regulated. This is because TD Ameritrade complies with regulations not only from FINRA, but also the NFA, SIPIC and the SEC. The thinkorswim platform conveniently enables you to trade forex, stocks, futures, and options all from one account, so U. S. clients can trade domestic stocks or interest rate futures alongside their forex trades. The ability to stress test your positions or see a real-time plot of your p/l are two examples of powerful trading tools that make thinkorswim one of the best U. S. forex brokers. These tools are accessed through any type of computer and almost any mobile device.

Forex is another great choice for U. S. forex brokers, but for slightly different reasons. Forex, a well-capitalized part of GAIN Capital Group in New Jersey, doesn’t provide robust access to other investment markets, but it is a cutting-edge Electronic Communications Network (ECN). This is important because many forex brokers are able to trade for their own accounts by trading on the buy and sell side. Sometimes, the broker can trade against the client. U. S. customers are generally accustomed to dealing with regulated exchanges such as the New York Stock Exchange and tend to favor the transparency that the ECN has over other execution methods.

Manhattan Beach (MB) Trading is a U. S. forex broker headquartered in California. Because it’s domestic, MB Trading understands the changing regulatory environment in the U. S. and has adapted well to them. MB Trading is well capitalized and has won several awards from Barron’s and other magazines for its platforms. Like thinkorswim, MB gives U. S. clients the ability to trade forex, futures, stocks, and options from one account on their powerful Lightwave platform.

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