USA Forex Brokers (accept US traders)

• Country: USA
• Population: 325,719,178 (estimation 2017)
• GDP Total: $20.199 trillion (estimation 2018)
• GDP Per capita: $61,687
• Currency: US Dollar (USD)
• Central Bank: Federal Reserve (FED)
• Regulatory Authorities: CFTC, NFA
  

US Forex Brokers Facts

All Forex Brokers that accept US Residents as traders must have a license from National Futures Association (NFA) and Commodities and Futures Trading Commission (CFTC).

Registration is online using the NFA’s online registration system (ORS), through this process a Broker can register both to CFTC and NFA.

1. The minimum net capital required for a US Forex Broker is 20 million$ (not including traders funds). This is the higher minimum net capital required around the world, and 10.000 times from Vanuatu minimum net capital required, which is 2.000$
2. Every US Forex Broker must have physical precense through local office in the US
3. Leverage cannot exceed 1:50 for major currency pairs and 1:20 for minor currency pairs.
4. The annual NFA membership fee is $125,000 and must be paid from every broker who holds a license
5. Deposits via credit cards is not allowed (Debit Cards still accepted).
6. NFA registered Forex brokers must provide weekly report to the NFA reporting clients’ account balances.
7. High fines and penalties for of the violation. The record is the huge $800 million fine to Deutsche Bank. Another high fine was the one million dollar fine to TradeStation, a Us Online Forex Broker.
8. Both CFTC and NFA are level A jurisdictions according to Principles for Financial Market Infrastructure by the Bank for International Settlements

Popular US Forex Brokers (NFA & NFA)

How to check if a Forex Broker has NFA ID Number?

You can search here.

Can a US Resident start trading to a non NFA registered Broker?

No, it is not legal. Most of Forex Brokers clearly declare that they are accepting US based Traders, although there is a list of offshore forex brokers that accept US Traders.

Can Non US Residents sign up with a US Forex Broker?

Yes they can, there is no restriction.

However, it doesnot make sense for an Asian trader to select a US Forex Broker.

There are plenty of available options of trusted Forex Brokers for non US Residents.

Note that, non US Residents may get higher levels of leverage (more than 1:50) when trading to US Fx Brokers.

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Non US Residents may start forex trading through FBS

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Is there any other option for US Traders?

Yes. You can start trading anonimously via bitcoin. Read our arcticle about anonymous forex brokers.