Top 10 Best USA Forex Brokers by TradersAsset
The USA has a highly regulated financial services industry. Due to the diverse range of financial product available, there are many different regulatory authorities and licensing commissions tasked with overseeing the financial services industry in America. The ones most relevant to online Forex trading include the Commodity Futures Trading Commission (CTFC) and the National Futures Association (NFA). These two regulatory bodies oversee the general running of many US-facing Forex brokers. The important thing to understand here is that, although the US online Forex market appears heavily regulated, this particular regulatory system is more of a system of ethics than a direct legal guideline when it comes to the world of online trading. Online Forex trading is essentially a decentralised industry that operates with no central governing body at this time. Therefore, similarly to many other global territories, it isn’t illegal to trade online if you live in the US. If a broker has the means to accept traders from the US, you may trade with them. It’s that simple. Traders will never be penalised for this action as it’s seen as the broker’s responsibility to ensure that they operate within the legal boundaries of their customers’ residing jurisdictions. With the above said, brokers that have been approved by the CTFC (US) and the NFA (US) are however seen as “legitimate” and “regulated” brokers that can accept US traders.
LMFX – Global Trade Partners Ltd, the parent company of LMFX, is incorporated and regulated by the laws of the Republic of Macedonia. This means they are US friendly, and offer US citizens a wide range of banking options. Their minimum deposit amount is a low $50, and their max leverage amount is 1000:1 is available. One of the key strengths of LMFX is their attentive account management, who are highly capable and make even the most complex issue a hassle free experience. They are highly recommended.
OandA – OandA is in fact licensed in Canada by the IIROC. They have also been granted licenses to operate by the CFTC (US), NFA (US), the FCA (UK), the Monetary Authority of Singapore and also the Dubai Financial Services Authority. They offer a low minimum deposit amount and a leverage of 50:1.
AvaTrade Review-AvaTrade have been at the forefront in the world of Forex since they launched their online trading platform in 2006. The company was a joint effort by eCommerce, security and financial professionals who were determined to provide the perfect online trading experience for retail traders. The broker has grown rapidly since its formation in 2006 and currently have over twenty thousand registered customers. These traders place in excess of two million trades each month and generate a total trading volume that surpass $60 Billion per month. AvaTrade is headquartered in Dublin, but are a truly international operation. They have offices and sales teams located in Paris, Dublin, Milan, Tokyo, Sydney and New York. They offer 24-hour multilingual support services, multiple platforms and a wide range of trading instruments including Forex, Stocks, Commodities and Indices. AvaTrade continues to evolve, improve and offer its customers a fantastic trading experience.
eToro Review-eToro was founded way back in 2007 when forex trading had been available online for almost a decade. The company’s founders saw that the only way to differentiate their product from numerous other Forex brokers was to innovate. This led to the combination of Forex trading with social media to create a unique blend of trading and community. We suspect that the timing to incorporate social media was also great due to the growing popularity of a little known website called Facebook (Facebook opened its doors to the public in 2006). We’ve seen the popularity and interest in social trading grow immensely since 2007, with some brokers now offering social trading platforms alongside their standard platform. For those in the know however, eToro remain the pioneer of the term and the home of, Social Trading.
XM Broker Review-XM is the recognised trading name of Trading Point Holdings Ltd, a company incorporated and governed by the laws of Cyprus. The company was founded in 2009 and are now firmly established as a genuine contender in the crowded Forex marketplace. This regulated broker provides over 100 financial instruments for their clients to trade with. XM do not accept US traders, however traders of all levels from all other countries are welcomed.
BDSwiss Forex Review-BDSwiss is a regulated and respectable broker, who have successfully cornered the European market with particular popularity in Germany. Since their launch in 2010, the company have evolved from strength to strength, expanding their products and services to include forex, CFDs and even binary. Yet they have managed this feat without falling victim to the desire to over complicate matters. BDSwiss keep their forex / CFD offerings separate from their binary products with both their platform and anchored homepages. (We have reviewed their binary options services here).
Coinbase.com, established in June 2012, is a digital currency purse and platform where merchants and consumers transact with new digital currencies such as bitcoin, ethereum, and litecoins. We are based in San Francisco, California. Bitcoin is the most widely used alternative currency in the world with a total market capitalization of over $ 100 billion. The bitcoin network is made up of thousands of individual-run computers around the world.
Poloniex.com
TRADING LENDING Sign in or Create an Account to start trading. WELCOME TO POLONIEX We are a US-based digital asset exchange offering maximum security and advanced trading features.
Kraken.com From San Francisco, California, Amerika KRAKEN BITCOIN EXCHANGE PUTS YOU FIRST Founded in 2011, San Francisco-based Kraken is the largest Bitcoin exchange in euro volume and liquidity and also trading Canadian dollars, US dollars, British pounds and Japanese yen. Kraken is consistently rated the best and most secure Bitcoin exchange by independent news media. Kraken was the first Bitcoin exchange to have trading price and volume displayed on the Bloomberg Terminal, the first to pass a cryptographically verifiable proof-of-reserves audit, and is a partner in the first cryptocurrency bank. Kraken is trusted by hundreds of thousands of traders, the Tokyo government's court-appointed trustee, and Germany's BaFin regulated Fidor Bank.
wesellcrypto.com From USA WeSellCrypto was made for one purpose: To bring you cryptocoins easily and securely.We do that by working with PayPal, which means there's no multi-day waiting or trouble with exchanges. Just verify yourself with a quick email and buy your cryptocoins! Most customers buy and receive their coins in under 60 seconds.
xcoins.io From Santa Monica It was my first bitcoin purchase success after a very bad experience elsewhere,
XCOINS is great and being able to pay with my PayPal account was awesome. I highly recommend XCOIN, they have a customer for life.
gdax.com From San Francisco GDAX offers institutions and professionals the ability to trade a variety of digital currencies like Bitcoin, Ethereum, and more on a regulated U.S. based exchange.
paxful.com From Delaware, USA Provide a simple, fair, and secure platform for people who work to trade the value of their work. The biggest problem we usually dwell around money, get and move it. We want to enable human power by building a peer to peer payment logistics platform in the future. Paxful is PayPal + Uber and Wall Street people.
bittrex.com From Las vegas USA We provide individuals and businesses a world class experience to buy and sell cutting-edge cryptocurrencies and digital tokens. Based and fully regulated in the USA, Bittrex is the go-to spot for traders who demand lightning fast trade execution, stable wallets, and industry-best security practices. Whether you are new to trading and cryptocurrencies, or a veteran to both, Bittrex.com was created for you!
