Analyze the best forex brokers for US traders with CFTC regulation. The Commodity Futures Trading Commission oversees legal FX brokerage firms – who promote services, tools, and platforms to US clients. Overall, CFTC-regulated brokers are committed to competitive, transparent, and financially-sound operations – protecting users from manipulation or fraud.
> If you’re looking to start forex trading in the United States – prioritize CFTC-regulated brokers to promote regulatory enforcement, market risk management, and platform integrity.
Read on to learn about the best FX brokers for US clients with CFTC oversight.
IG Group
IG Group is one of the best forex brokers for US clients with CFTC regulations. IG Group is authorized in U.S. by the Commodity Futures Trading Commission (CFTC). The CFTC regulation ensures that it complies with strict regulatory standards. You can start trading currency pairs, commodities, stocks, and indices with high transparency and protection. IG broker is also regulated by several entities such as FCA, BaFin CySEC, FINMA, DFSA, FSCA, MAS, JFSA, ASIC and many more. You can execute trade smoothly with their user-friendly interfaces and advanced tools. Additionally, IG Group offers advanced customer support which allowing you to reach them through live chat, email, and phone. Surely choose CFTC regulation Forex broker IG group for US clients.
OANDA
OANDA is another top-rated, CFTC-regulated forex broker accepting US clients. A secure & trusted global brokerage, OANDA stands out for 28+ years experience, in-depth market research, and strong regulatory track record.
Across the industry, OANDA is known to be highly-secure and trusted – with oversight from 7+ Tier-1 regulators, including:
- Commodities Futures Trading Commission (CFTC)
- Financial Conduct Authority (FCA)
- Australian Securities & Investment Commission (ASIC)
- Japanese Financial Services Authority (JFSA)
- Canadian Investment Regulatory Organization (CIRO)
- Monetary Authority For Singapore (MAS)
- Markets In Financial Instruments Directive (MiFID)
> Keep in mind, USA-regulated brokerages are not 100% risk immune. Prioritize thorough due diligence, evaluation, and planning before making future-focused financial decisions.
Start your journey with OANDA – one of the best regulated forex brokers welcoming US clients.
Forex.com
Forex.com is one of the most reliable and regulated Forex broker for US clients.Founded in 1999, the broker is highly trusted globally with regulatory licenses from Tier 1, Tier 2 and Tier 3 regulators in USA (CFTC and NFA), Australia(ASIC), Canada (CIRO), Singapore (MAS), Japan (JFSA) and by FCA. The broker offers you more than 80+ Forex pairs to trade. Forex.com has customizable charting tools on its advanced trading platform available on both Web and the Mobile App. Plus, this broker offers US traders access to:
- Advanced Trading Platform
- TradingView
- MetaTrader 4 (MT4)
- MetaTrader 5 (MT5)
With their parent company StoneX, you can trade US stocks commission free or futures too. Plus, the platform offers prediction markets to speculate on major events like the US presidential election. Additionally, the broker is also known for low account minimums. You can surely start trading in the USA on this secure platform with a minimum deposit of $100.
Plus500
Plus500 is one of the best CFTC regulated forex brokers for US clients. The broker offers future trading through its cutting-edge prop web platforms, on PC, Web browser, and Mobile App. Available in 50+ countries and with 400K active clients, US traders can leverage forex, indices, commodities, bonds and cryptocurrencies. Moreover, Plus500 has a regulatory license by CFTC and the NFA, making it reliable and trustful for American traders.
These are some other features offered by Plus500 to the US traders:
- 10+ Forex Futures contracts
- EURO FX 0.75 pips Average Spread
- $100 minimum deposit
- Customer Support via Live Chat and email.
- Deposit Bonus for more than $200
- EURO FX intraday margin of $300
Additionally, to start day trading stocks in the US with an account balance of minimum $25,000, however, to trade futures a $100 deposit is required only. Indeed, Pluss500 is a CFTC-CFA regulated broker choice to start forex trading in the US.
Charles Schwab
Charles Schwab (previously TD AmeriTrade), is a well-known FX broker for US clients – renowned for CFTC regulation, extensive trading products, and user-friendly platforms.
In the United States, Charles Schwab is regulated by several notable American authorities, including:
- Commodities Futures Trading Commission (CFTC)
- Securities & Exchange Commission (SEC)
- National Futures Association (NFA)
- Financial Industry Regulatory Authority (FINRA)
> In addition to top-tier regulation, choose Charles Schwab for innovative educational resources, streamlined account transfer capabilities, powerful mobile trading apps, and dedicated client support.
If you’re looking for the best CFTC regulated forex broker in the US – include Charles Schwab on your shortlist.
Interactive Brokers
Interactive Broker is another best forex brokers for US clients with CFTC regulations. You can start trading Forex with legitimate Interactive Brokers (IBKR). The broker is regulated by CFTC and is a member of FINRA. This CFTC-registered ensures adherence to regulations and provides you with fund protection. You can choose Interactive brokers for trading forex considering these factors –
1. TWS Platform: The Brokers offer advanced features for better trade execution.
2. Educational Resources: Better Forex-specific education materials
3. Minimum Deposit: $10,000.
4. Commissions: Start at $0.005 per share for U.S. stocks and ETF rates for options and other asset classes.
5. Demo Account: Allowing you to trade with virtual funds for practice and platform testing.
You can choose from various Interactive Broker account types, which include individual, joint, and institutional accounts. Surely start trading forex with CFTC regulated Interactive brokers as a US Citizen.
Is Forex Trading Legal In The United States?
Forex trading is legal in the United States, but the industry is heavily regulated to protect the public from unfair trading conditions or fradulent activities by brokers. The overseeing entities in the US are considered tier 1 regulators globally, including the CFTC, NFA, SEC and FINRA. Additionally, the CBOT and SIPC bodies ensure a safe and transparent marketplace for traders. For example, all US forex brokers must meet the following criteria:
- Segregated accounts for client and company funds
- Mandatory negative balance protection to limit trader risk
- Minimum $20 million requirement of operating capital
- Maximum leverage of 1:50 for major currency pairs and 1:20 for minor currency pairs
By trading with a regulated broker, you can legal trade forex online in the United States of America. Plus, you will have negative balance protection and leverage limits to prevent unfair risk levels for individuals and institutions. Certainly, trade FX legally in the US.
How To Verify FX Broker Regulation
To choose the best forex broker as an American trader, verify if the broker is CFTC regulated in the US. To avoid a possible scam in the forex trading industry it is crucial to verify the regulatory status of the broker. Click here and use the Background status Information Center (BASIC) tool of the National Future Association(NFA), plus verify the registration status with Commodity Futures Trading Commission(CFTC). BASIC is a completely free tool, any NFA member or investor can utilize to research the background of derivatives industry professionals. You will find four different taps to search by Firms, NFA IDs, Individuals (First and last name), and pool name. After searching the broker, you will be given the NFA ID number, the location and if the broker regulation status was approved. Indeed, verify the CFTC – NFA regulatory status of the forex broker before starting trading.
