Forex Traders in USA – Which brokers should forex traders in the USA choose? Of course, you probably found that many forex brokers do not allow US traders. It is because of jurisdiction and rules and regulations.
Instead of going through the FAQ of every forex broker, you can follow our list below. It will directly share with you the top 3 brokers you can use for forex trading.
Which brokers should forex traders in the USA choose?
These brokers welcome US traders and, in fact, facilitates easy deposits and withdrawals for US traders. Let us now look at the list.
Trader’sWay was established by a group of financial market professionals dedicated to spreading the values of free, limitless trading globally.
They provide clients with the widest opportunities available on financial markets. And they claim to have collected the best products, technologies and services, so that the needs of every trader are fully satisfied.
2. FxGlory (Careful, Many are crying “Scam“)
FxGlory is another platform in existence since 2011. It supports MetaTrader 4 and offers WebTrader for trading. The unique feature of this platform is the leverage of 1:3000. When depositing a small amount, this leverage can come to your rescue.
The spread is between 2 to 10. The reasonable spread helps you in starting your trading journey.
The automatic funding process makes it easy to fund your account and start trading. Payment methods on offer are plenty like:
• Credit cards
• Wire transfer
• And so on
The micro accounts support a $1 deposit as another reason why you must go with it. It is regulated by the IFSA, making it a good option for you as a trader. These features, coupled with simple interface work to its advantages.
• Micro accounts available
• Regulated by IFSA
• Simple interface
• Various payment methods on offer
If you want to go with only the best options, these three will make it to your list. With our research, you can sign up with any of them right away and fund your account to start trading forex today.
NOTE: 2019 update, unfortunately, these two brokers below, no longer accept US customers.
FXTM has been around since 2011. During this time, it has become very famous. It not only has its web-based platform but also supports Meta Trader 4 and 5. So, it is suitable for beginners as well as experts alike.
With a micro account supporting deposits of $10, trading on its platform is secure. It supports payment methods like Bitcoin, wire transfer, and credit cards.
It facilitates various currency pairs, cryptocurrencies, and even spot trades in some cases. The best thing about this platform is, it is available in over 18 different languages in addition to English.
With maximum leverage of 1:1000, trading is easy. The spread is usually in the range of 0.4.
With all the necessary features, there is no reason to ignore this broker.
• Multiple trading platforms
• Micro accounts on offer
• Numerous currency pairs
• Excellent leverage
• Supports various payment methods
XM is even older, as it was founded in 2009. It also is compatible with MetaTrader 4 and 5. In total, it offers you eight different platforms.
If you qualify for the deposit bonus, you can get up to US$ 5000. With the maximum leverage of 1:888, starting your trading journey is easy. The minimum deposit is also $5.
The account funding process is 100% automatic. You need not wait for manual intervention.
It consists of many educational tutorials and webinars to help you out. With lower spreads, the amount of the fees is on the smaller side. In addition to various currency pairs, it offers binary options as well. You can decide the type of asset you want to trade.
The low spread, deposit bonus, and different trading platforms provide it with an advantage.
• Excellent leverage
• Numerous educational resources
• Low minimum deposit
• Low spreads