The foreign exchange market, commonly known as Forex, is the largest financial market globally, with a trading volume of over $5 trillion daily. Forex trading involves the buying and selling of currencies with the aim of making a profit. The market is open 24 hours a day, five days a week, and is accessible to traders worldwide.
However, trading in the Forex market is subject to regulations in different countries, and not all Forex brokers accept customers from specific jurisdictions. For instance, Forex brokers regulated in the European Union cannot accept traders from the United States due to the strict regulations imposed by the US financial watchdog, the Commodity Futures Trading Commission (CFTC).
Nevertheless, there are several international Forex brokers that accept US customers, subject to certain conditions. In this article, we will look at some of the top Forex brokers that accept US customers in 2019.
1. Forex.com
Forex.com is a leading Forex broker that accepts US customers. The company is regulated by the CFTC and the National Futures Association (NFA), making it a safe and reliable option for US traders. Forex.com offers a range of trading platforms, including the popular MetaTrader 4 (MT4) platform, and a wide range of trading instruments, including currency pairs, commodities, and indices.
Forex.com offers competitive spreads, with the EUR/USD spread as low as 1 pip. The broker also offers a range of educational resources, including webinars, market analysis, and trading tools, to help traders make informed trading decisions.
2. IG Markets
IG Markets is a UK-based Forex broker that accepts US customers, subject to certain conditions. The company is regulated by the Financial Conduct Authority (FCA) in the UK and offers a range of trading platforms, including the popular MT4 platform.
IG Markets offers a wide range of trading instruments, including currency pairs, indices, commodities, and cryptocurrencies. The broker also offers competitive spreads, with the EUR/USD spread as low as 0.8 pips.
IG Markets provides traders with a range of educational resources, including webinars, seminars, and trading tools, to help them improve their trading skills and strategies.
3. OANDA
OANDA is a Canadian-based Forex broker that accepts US customers, subject to certain conditions. The company is regulated by the CFTC and the NFA and offers a range of trading platforms, including the popular MT4 platform.
OANDA offers a wide range of trading instruments, including currency pairs, commodities, and indices. The broker also offers competitive spreads, with the EUR/USD spread as low as 1.2 pips.
OANDA provides traders with a range of educational resources, including webinars, trading tools, and market analysis, to help them make informed trading decisions.
4. TD Ameritrade
TD Ameritrade is a US-based Forex broker that accepts US customers. The company is regulated by the US Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).
TD Ameritrade offers a range of trading platforms, including the popular thinkorswim platform, and a wide range of trading instruments, including currency pairs, commodities, and indices.
TD Ameritrade provides traders with a range of educational resources, including webinars, trading tools, and market analysis, to help them improve their trading skills and strategies.
5. Interactive Brokers
Interactive Brokers is a US-based Forex broker that accepts US customers. The company is regulated by the SEC and the NFA and offers a range of trading platforms, including the popular Trader Workstation (TWS) platform.
Interactive Brokers offers a wide range of trading instruments, including currency pairs, commodities, and indices. The broker also offers competitive spreads, with the EUR/USD spread as low as 0.1 pips.
Interactive Brokers provides traders with a range of educational resources, including webinars, trading tools, and market analysis, to help them make informed trading decisions.
Conclusion
Forex trading is a lucrative investment opportunity, but it is subject to regulations in different jurisdictions. US customers can trade with international Forex brokers subject to certain conditions, and the above-mentioned brokers are some of the best options available in 2019.
When choosing a Forex broker, it is essential to consider factors such as regulation, trading platforms, trading instruments, spreads, and educational resources. By doing so, traders can select a broker that meets their trading needs and helps them achieve their investment goals.
