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.
USA Forex Brokers Regulation
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.
USA Forex brokers
1. IG Trading USA
IG is a trading name of IG US LLC (a company registered in Delaware under number 6570306). Business address, 1000 West Fulton Street, Chicago, IL 60607. IG is a registered RFED and IB with the Commodities Futures Trading Commission and member of the National Futures Association (NFA ID 0509630).
2. Interactive Brokers
Interactive Brokers is among the best-known US investment companies, operating since 1977. The broker offers to trade currency pairs, but its basic instruments are stocks, CFD, indices, metals, ETF, futures, and other exchange market assets. You can also trade cryptocurrencies on Interactive Brokers.
OANDA is an acronym for Olsen & Associates or Olsen AND Associates. It is registered in the United States and provides its clients with a wide range of financial services in most countries of the world. The company was founded in 1996 and is currently regulated in four jurisdictions.
Broker Forex.com is focused on providing classic services. They do not include the development of investment programs and products to invest capital to obtain passive income. The company is suitable for those participants in the foreign exchange market who are focused on trading.
5. TD Ameritrade
TD Ameritrade’s Thinkorswim broker is a result of the unification of Thinkorswim and TD Ameritrade, the developers of the best platform for stock trading in the US. Its main focus is trading securities, the OTC securities market, spot instruments, and retail foreign exchange trading in the US.
6. MultiBank Group
MultiBank Group was established in California, USA, in 2005. Since then, we have evolved into one of the largest financial derivatives companies worldwide, with a current paid-up capital of over $322 million.