What Is Forex? Up to USD. Please disable AdBlock or whitelist EarnForex. Thank you! EarnForex Forex Brokers. Forex Broker Min. Account Size Broker Rating Min. Position Size Payment Max. There are only three real reasons to seek a broker that accepts US traders: You are a US resident, so only this category of companies will offer live trading to you. You are planning a move to US and you would not want to change brokers when this happens.
Tickmill Visit Site , "Tickmill is a plain vanilla MT4 broker offering a minimal selection of tradeable securities. The primary drawback to an otherwise balanced offering is pricing that is higher than the industry average. Vantage FX , "While offering forex and CFD traders the MetaTrader platform suite, multiple social trading platforms, and a proprietary mobile app, Vantage FX trails industry leaders in key areas, including mobile apps, research, and education.
Moneta Markets "As a new standalone brand within Vantage Group, Moneta Markets struggles to compete with the industry average in the primary categories that are most important to forex and CFD traders. Eightcap , "With a small range of markets and no standout features across its research, education, platforms, and account offerings, Eightcap struggles to compete with the best forex brokers. VT Markets , "VT Markets benefits from being part of the Vantage Group of companies, yet struggles to compete with the best forex brokers due to a limited offering of research, platforms, and tools, as well as a limited range of available markets to trade.
BlackBull Markets , "With just MetaTrader 4 available alongside a handful of social copy trading platforms, BlackBull Markets offers a limited product range and struggles to compete with industry-leading forex brokers. Beyond its European license in Cyprus, OctaFX lacks regulation in major jurisdictions, which puts it at a severe disadvantage compared to other trusted forex brokers.
Regulated and trusted across the globe, IG offers traders the ultimate package of excellent trading and research tools, industry-leading education, competitive pricing, and an extensive list of tradeable products. For traders that can afford the USD 10, minimum deposit GBP for the UK , Saxo Bank offers competitive pricing, excellent trading platforms, brilliant research, reliable customer service, and over 40, instruments to trade.
CMC Markets is a globally trusted broker that delivers a terrific offering for traders thanks to excellent pricing, nearly 10, tradeable instruments, and the Next Generation trading platform, which comes packed with quality research, innovative trading tools, and powerful charting. When it comes to pricing, Tickmill offers the most competitive all-in cost to trade. Tickmill offers three accounts, and no question, Tickmill is best for active and VIP traders, who have access to pricing that competes among the lowest brokers in the industry.
Using typical spread data listed by Tickmill for its Pro account offering of 0. Methodology: To assess brokers, we take into consideration how much beginners, average traders, and even more seasoned traders would pay, looking at average spreads for standard forex contracts , units as well as mini accounts 10, units and micro accounts 1, units , where applicable.
- Brokers List?
- ayrex trading strategy;
- Top 5 US Forex Brokers 2021.
- forex xtrade;
We then calculate the all-in cost by including any round-turn commission that is added to prevailing spreads. It delivers a terrific user experience, advanced tools, comprehensive market research, and an excellent mobile app.
Hands down, the CMC Markets Next Generation trading platform is a market leader that will impress even the pickiest of traders. IG offers the most tradeable CFDs in the industry, 19, CFDs, or "contracts for difference," enable traders to speculate whether the price of a stock, forex pair, market index, or commodity will go up or down without taking ownership of the underlying asset. Alongside offering over 9, CFDs, Saxo Bank offers the most tradeable currency pairs, in total. The one caveat to Saxo Bank is the broker's high minimum deposit requirement for non UK residents.
After placing phone calls to assess customer service from locations across the UK, XTB offered the best phone service. Connection times were consistently less than one minute and across 13 total calls, XTB received an average Net Promoter Score of 9. Methodology : To assess customer service, ForexBrokers.
Forex Broker List
For the Review, customer service tests were conducted over eight weeks. Ten unique templates were used with three questions being asked, on average, per call. This program in the UK is available only to Professional Clients. Using the average spread data of 0. Professional client status : In today's highly regulated forex world, traders who want to maximize their margin leverage must apply and obtain ESMA's professional client status with their broker.
Methodology : We broke down each forex broker's active trading program to assess brokers for professional trading, comparing available rebates, tiers, and all-in costs.
US Forex Legislation
Alongside pricing, each broker's trading platform was tested for available advanced trading tools frequently used by professionals. Here are three of the most important factors to keep in mind when choosing an online broker for forex trading. First, make sure your broker is properly regulated. The safety of your deposit is always the top priority. The regulatory framework protects US clients from bad trading practices and offers the safety of funds. The enhanced trading experienced by the non- dealing desk execution model gives US traders the following advantages:.
Below, our industry experts have further outlined the innovative technological solution offered by ATC Brokers. In addition to offering the popular MT4 platform desktop and mobile , ATC Brokers have combined the advantages of this technology with a new range of trading tools and features and introduced the MT Pro trading platform.
This optimized version of the MT4 offers US residents the following advantages:. Trading can be conducted via both platforms MT4 and MT Pro at your discretion, with raw spreads as low as 0. US retail traders can request their demo account login details 30 days availability after submitting an online form request. Take note, the live trading account requires a minimum deposit of USD 3, Forex regulation in the United States is unanimously understood to be the most stringent regulatory framework in the world.
The strict rules that govern the financial services offered by the US Forex brokers give US traders the following advantages:. Below, our team of investment professionals has outlined the major regulatory entities in the USA that supervise the financial markets, including Forex brokers. In the United States, there are two financial watchdogs responsible for providing the regulatory framework for US-based Forex brokers:. Both regulatory bodies work together to protect US traders.
Best US Forex Brokers 2021
The National Futures Association began its regulatory operations in There are two major bills that provide the legal framework that constitute the rules regarding FX trading:. This evaluation accounts for their modus operandi, trading platforms, range of currency pairs, spreads, total costs of trading, customer support, and much more. We used our proprietary star scoring system to rank US FX brokers.
Our methodology took into consideration factors such as:. However, individual US traders have the option to also trade through offshore brokers that are not subject to the CFTC rules. The number of offshore Forex brokers accepting Americans is also very limited. It also comes with several risks due to the lack of regulation.
Risk Warning: Forex trading and trading on margin comes with a high level of risk.
Trading Currency Pairs With USA FX Brokers
Trading high-leveraged products may not be suitable for all investors, as you might lose all your money. Make sure you understand how forex trading works before putting your funds at risk. Justin Grossbard has been investing for the past 20 years and writing for the past He co-founded Compare Forex Brokers in after working with the foreign exchange trading industry for several years. He and his wife Paula live in Melbourne, Australia with his son and Siberian cat.
In his spare time, he watches Australian Rules Football and invests on global markets. We use cookies to ensure you get the best experience on our website. By continuing to browse you accept our use of cookies. Justin Grossbard Justin Grossbard has been investing for the past 20 years and writing for the past What Changed?
Fact Checked We double-check broker fee details each month which is made possible through partner paid advertising. Learn more this here. Visit Site. Our Rating. Review Of IG. CFTC U.