Forex brokers in the USA are required to be registered with the Commodity Futures Trading Commission (CFTC) and be a member of the National Futures Association (NFA).
The NFA is a self-regulatory institution in the U.S. derivatives industry that is overseen by the CFTC.
These two financial watchdogs ensure a high level of client protection and trading with a US broker is safe.
US forex brokers offer 1:50 leverage for major forex pairs, which is much higher than the leverage restrictions from ESMA, FCA, and ASIC (1:30).
Keep in mind that some US Forex brokers don’t accept applications from traders outside of the USA.
US Forex Brokers List
All the brokers below have offices in the USA and are registered with the CFTC and a member of the NFA.
IG – Best US Forex Broker 2022
IG is a global FX and CFD broker with entities in several jurisdictions, including the USA.
IG US LLC is a member Commodities Futures Trading Commission and a member of the National Futures Association (NFA ID 0509630).
IG offers leveraged trading in foreign exchange through several state-of-art trading platforms, including MT4.
IG US LLC only accepts US clients.
Forex.com
Forex.com is registered with the CFTC and a member of the National Futures Association (NFA # 0339826).
You can trade over 70 currency pairs with very low costs through their proprietary platform or MT4.
Interactive Brokers
Interactive Brokers LLC is regulated by the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).
Interactive Brokers is often the preferred choice among professional traders and hedge funds.
Conclusion
US traders should always opt for a true US forex broker that is registered with the CFTC and a member of the NFA.
