5 Best Regulated Forex Brokers in the USA
News

5 Best Regulated Forex Brokers in the USA

August 23, 2021

Introduction

Forex brokers in the US must operate under the US regulations, meaning they must be registered with the Commodity Futures Trading Commission (CFTC) and regulated by the National Futures Association (NFA). 

The following is a list of five registered Forex brokerage companies who are accepting clients from the United States.

FOREX.com 

Forex.com is registered with several regulatory bodies all over the world, including the Financial Conduct Authority (FCA) in the UK and the US Commodity Futures Trading Commission (CFTC).

Forex.com provides over 80 currencies and 91 forex pairs, including major, minor and exotics, to trade. The minimum required deposit is $100 and Forex.com charges no withdrawal fees, deposit fees or account fees. 

The available deposit and withdrawal methods include electronic wallets, credit and debit cards, and bank wire transfers. Forex.com offers user-friendly trading platforms which can be used on web, mobile or desktop devices. 

Forex.com does not offer CFDs to US clients, and cryptocurrencies can be bought through CFD trading only.

You might like: How To Make A Successful Trade In The Forex Market? – A Guide For A Beginner

TD Ameritrade

TD Ameritrade is regulated by the Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA), Commodity Futures Trading Commission (CFTC), Hong Kong Securities and Futures Commission, Monetary Authority of Singapore (MAS). 

TD Ameritrade has several account options and prescribes no minimum deposit. Deposits and withdrawals are fee free but can only be made with bank wire transfers. Their trading platform can be downloaded to a tablet or phone. 

TD Ameritrade only offers trades on US markets and has almost only US clients. 

READ ALSO  The Best Forex Brokers in India for 2021

OANDA 

OANDA is a USA forex and CFD broker established in 1996, offering spread-only or core pricing accounts with spreads from 0.1 pips and the choice of the MT4 or OANDA forex trading platform.

OANDA provides 38 forex pairs including major, minor and exotic pairs to trade. 

The trading platform can be downloaded to a phone, tablet or desktop and deposit methods include credit card, debit card, and bank wire transfers. 

OANDA offers a demo account and does not require a minimum initial deposit.  

ATC Brokers

ATC Brokers provides Forex trading under the supervision of both CFTC and NFA. ATC Brokers operates as an agency model (ECN and STP models) and ranks as one of the best MT4 brokers in the US. 

ATC Brokers blends the benefits that come with ECN and STP brokers into a hybrid model and provides a fair FX market environment with no conflict of interest.

Traders have access to FX trading and metal trading on 38 currency pairs and 2 metals (Gold and Silver), with narrowed spreads on the major currency pairs.

Interactive Brokers 

Interactive Brokers LLC is regulated by the US SEC and CFTC and is a member of the SIPC compensation scheme.

Interactive Brokers does not require a minimum deposit and does not charge withdrawal or account fees. You can deposit with checks, bank wire transfer, and online bill payment checks in many currencies including USD, EUR, JPY, GBP, AUD, CHF, CAD. Traders can open a demo account with real-time quotes with paper money worth 1 000 000 USD. 

Interactive Brokers Cons does charge an inactivity fee on idle accounts and has a high forex fee. 

ABOUT

Mysuru’s favorite and largest circulated English evening daily has kept the citizens of Mysuru informed and entertained since 1978. Over the past 41 years, Star of Mysore has been the newspaper that Mysureans reach for every evening to know about the happenings in Mysuru city. The newspaper has feature rich articles and dedicated pages targeted at readers across the demographic spectrum of Mysuru city. With a readership of over 2,50,000 Star of Mysore has been the best connection between it’s readers and their leaders; between advertisers and customers; between Mysuru and Mysureans.

CONTACT

Academy News Papers Private Limited, Publishers, Star of Mysore & Mysuru Mithra, 15-C, Industrial ‘A’ Layout, Bannimantap, Mysuru-570015. Phone no. – 0821 249 6520

To advertise on Star of Mysore, email us at

Online Edition: [email protected]
Print Editon: [email protected]
For News/Press Release: [email protected]