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Despite the huge development in science and technology, it has not been easy for most forex brokers to tap into the wealth of US clients in terms of forex trading.
If you’ve been around in the forex trading market in the last 5 to 10 years, you would notice that most brokers desist from serving US clients because of certain rules they must strictly adhere to.
If a brokerage company has to offer forex trading facilities to US clients, they must agree and abide by the rules.
These rules have been put in place to ensure the security of their clients’ funds.
Some US forex brokers who have done business with US clients have found that it is very difficult to mess around with these clients and get away with it. For instance, some years back, Forex Capital Markets was fined around 14 million dollars for several infractions they’ve incurred while dealing with US traders.
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Others like MF Global are in a hot soup after trading losses that left their clients with empty purses.
As you can see, these are the reasons why many forex brokers don’t accept US clients but if they should accept them, they must abide by the regulations of the CFTC, NFA and other trading regulations mapped out for brokerage organizations.
Some of the major brokers registered in the United States of America, are also enlisted in NYSE which seems to boost confidence among traders.
There are only two reasons why you may have to register with a US forex broker:
In the list of forex brokers in United States below, we’ve provided you with all brokerage companies that are registered and fully operated in the United States and are also allowed to offer live trading to residents of USA.
They are arranged according to the current top performers.
This list only shows those that are regulated under the US trading regulation bodies but those that are not regulated are not listed.
There are many forex bonuses to use with any of these brokers, read more at www.forexbonus100.com.
This article is regularly updated, so if you want more of these type of brokers, ensure you subscribe to our feeds and never miss an update.
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