The best regulated FX brokers are reliable choices to start forex trading in the USA. Notably, US forex markets operate under national regulatory bodies – including the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA). Before operating in the country, all beginner forex trading apps are required to get registered with these two regulatory authorities. Additionally, strict regulations also require brokers to maintain a $20 million net capital to protect client funds during volatile market conditions. As a beginner looking to start trading in the US, always choose regulated platforms to avoid potential forex broker scams. This way, you can trade in a highly secure, stable, and rewarding environment. Keep reading to start forex trading in the USA with the best-regulated forex brokers for beginners.
OANDA US
One of the top regulated forex trading brokers in the USA for beginners is OANDA US. Compared to other industry average charges, this US-regulated broker charges no commission fees and tight spreads. Notably, the broker maintains a tighter spread on all major currencies. For example, OANDA US charges 1.1 pips spread on AUD/USD whereas, other brokers may even charge up to 1.54 pips. When you start FX trading with Oanda US, you can leverage elite trading platforms and tools. Additionally, the broker offers loyalty programs, especially for traders having 5 tiers and a monthly 10 million volume. With this program, you can get $5 to $17 rebates per million trades – resulting in a 34% cost reduction. Choose between MT4 or OANDA Trade platform with multiple features to advance your trading activities. Surely, OANDA US is one of the best forex trading brokers for beginners in the USA.
IG Group
Another one of the best-regulated forex trading brokers in the USA is IG Group. Novice American traders can open a demo account with this forex-focused broker. You can start trading with either the mobile app or a web platform with this regulated broker. Moreover, get access to ProRealTime and MT4 platforms to optimize & analyze market trends. Notably, compared to other brokers, IG Group spread starts from 0.8 pips on major currency pairs. As a multi-asset CFTC forex broker in America, you can trade 80+ FX pairs, indices, shares, commodities, and with a maximum leverage of up to 50:1. To gain knowledge about the FX market, you can use IG’s educational resources. Moreover, this regulated broker offers negative balance protection so that you don’t lose any more money than your account balance. Surely, IG Group is one of the best-regulated forex trading brokers in the USA.
Forex.com
Forex.com is one of the recommended forex trading brokers in the USA for beginners. Started in 2001, the broker follows all the necessary regulations to operate in the US market. Notably, with Forex.com advanced trading platform, you can leverage ultrafast execution speed when opening positions. The broker also has low trading costs and a relatively higher transparency level as compared to other brokers. For instance, spread on commission-free accounts states from o.0 pips. Whereas, Raw Spread accounts have a $5 commission and 0.0 pips spread. However, based on the volatility, floating liquidity, and current market state, the spread may vary. Additionally, you can start trading instruments including crypto, CFD, and forex. Absolutely, choose Forex.com as one of the best forex trading brokers in USA.
Interactive Brokers
Interactive Brokers is another one of the top-rated forex trading in the USA. This legitimate forex broker is a CFTC-registered futures commission merchant and FINRA member. Novice traders can learn forex trading with the help of educational resources. With a $10,000 minimum deposit, you can trade instruments like forex, crypto, and ETFs. The broker offers multiple trading platforms catering to individual and institutional clients. Additionally, Interactive Brokers offers a highly competitive pricing structure with cutting-edge technology. You can open a demo account to practice trading before investing any real funds. Certainly, one of the top forex trading in the USA is Interactive Brokers.
Trading.com
Another top-rated forex broker in the USA for beginners is Trading.com. This well-regulated broker only deals with MT5 platforms to allow traders to execute centralized exchanges. Trade 70+ currency pairs with deep liquidity, competitive spread, and up to 1:500 leverage. When opening trades, experience faster execution speed. Also, the broker possesses a high-quality 90/100 trust score, making it an ideal choice among US traders. Based on different account types, you can customize the platform according to your trading needs. To deposit funds, you can use methods like debit/credit card, e-wallets, and bank transfer. Surely, consider Trading.com as one of the best forex trading brokers in the USA for beginners.
Choose the best regulated FX brokers for beginners to start trading in the USA. With tight spreads and no commission charges, OANDA is ranked as one the reputed CFD brokers for US citizens. American traders can select IG Group to leverage the ProRealTime & MT4 platform. Forex.com follows all the necessary regulations to operate in the US market and offers low trading costs. Consider Interactive Brokers’ educational resources to learn about FX market trends analysis. If you want to trade on the MT5 platform, you can choose Trading.com. Follow the points above to find the top forex trading brokers in the USA.
