US Regulated FOREX brokers


You may have noticed that many online forex brokers (4XP, SaxoBank, etc.) do not accept US citizens. The restrictions imposed by the US authorities are only taken in order to protect US traders. You will find below a list of premium forex brokers that accept traders from the USA.

How to chose a Forex Broker if you are a US citizen

If you are a US resident, you will have to chose a broker that is regulated by either the NFA, either the CFTC. The NFA is the National Futures Association (website), a self-regulatory organization for the U.S. derivatives industry including retail off-exchange foreign currency. The NFA approved brokers must comply with a few rules :

  • US Traders must close their oldest trades first whenever they have more than one position open on a same currency pair.
  • The leverage is limited to 50:1 whereas some online brokers in Europe / Asia can offer a leverage up to 500:1
  • Hedging is not allowed

The other regulation agency is the Commodity Futures Trading Commission (CFTC). It is the federal government agency that regulates the retail foreign currency trading (Forex) market. CFTC's goal is to fight scams and prevent US traders from being abused. All these regulations authority help US traders to invest their money in a safe environement.

List of regulated US Forex brokers

I tried two different brokers, which you will find listed below. The first one is eToro, which is really well known in the Forex industry. It really disrupted the Forex industry with the introduction of the "Copy Traders" functionnality which helped trader to basically follow successful traders ! I would say that eToro is really a good broker for every beginner

I also trade on FXCM. FXCM is listed on the NYSE. You can tell it is a pretty serious brokers offering its service to US traders. The minimum is higher than eToro but you will have access to a professional trading software (Metatrader).

Broker US Regulation? Minimum Deposit Deposit Options Trading
Leverage Specific
the broker
#1 Etoro USAlogo Etoro us regulated
$50 forex deposit options
forex paypal
forex deposit
eToro Webtrader, eToro Openbook 1:50 15% bonus on your first deposit each month Visit
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What traders say about Etoro :

"I’ve been with eToro almost since they opened. I opened my account in 2009 and I’ve loved it ever since. Sure they have grown and others have joined but you can’t beat their platform". Enzo F., San Francisco Bay Area

"Pros:Social trading blog 2 pips on NZD/USD, USD/JAP, AUD/USD BIG bonus for large first deposit " Mitch A., Australia

#2 FXCMlogo Etoro us regulated
$100 forex deposit options
forex deposit
MetaTrader 4 1:50 $50,000 practice account to get comfortable Visit
Read reviews

What traders say about FXCM :

"Everyone knows they are the best. It’s pretty clear. You pay a price for Forex in the US in the restrictions placed for the regulations but FXCM is safe, reliable transparent and both well known and established.". Chad R., Atlanta

"So far so good broker. Don't be greedy. Planning before trading. Take your time to learn. You will enjoy trade with them." Ryan M., New York