BrokersMinutes

Forex traders residing in the US typically have a harder time locating a Forex broker that accepts their business. I also imagine you may be shopping for a new broker now after the FXCM business, we’ll see more about that later. Whatever your reason, you still have plenty of options, and these are the top forex brokers that will help you with trading within the US and regulated by the CFTC and NFA.

Forex.com

At the moment, Forex.com could be considered the largest Forex broker in the US. This used to be FXCM’s position, but it has now been barred from operating in the US. So, about Forex.com, the brokerage is a subsidiary of Gain Capital Holdings Inc., and it was launched in 2004. By the year 2016, there were mentions that Forex.com had about 140,000 clients in its books, which is a great number for any Forex broker.

Oanda

This is another well-known Forex broker based in the US. The company was founded in 1996, but their Forex brokerage business started in 2001. Back then, they were among the first companies to offer currency trading over the internet.
Since then, the company has expanded to become not only a leading Forex broker in the US but also worldwide. Over the years, it has received numerous awards for their services, and they remain a favourite among many Forex traders.

TD Ameritrade

Another Forex trading giant, this company was founded way back in 1971 to offer ETFs, options and future. They later started to offer Forex trading when the industry started to grow, and now have a large customer base both in the US and the rest of the world.

Interactive Brokers

A major Forex broker in the US and worldwide, IB is also a reliable broker for US residents and anyone else seeking to trade the Forex market. For its client base, it seems to target high net-worth traders as you can tell from their minimum deposit of $10,000, which leaves out most retail traders.

TradeKing Forex

Started in 2005, the company dealt primarily with stocks, options and bonds. Their Forex trading business only started in 2015 when the company acquired MB Trading. Since then, this broker has also risen in popularity by the US market because of their features.

Others

If you have still not found the broker that tickles your fancy, then you can still check out these ones:

• ATC Brokers
• TradersChoiceFX
• CMS Forex
• FastBrokers
• Fortress Capital

For those traders who are not is USA – there are way less limits.

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