Foreign exchange trading, also known as forex trading, is a popular investment option for many US citizens. However, due to strict regulations in the US, many international forex brokers do not accept US clients. In this article, we will explore the top international forex brokers who accept US citizens in 2017.
Firstly, it is important to note that forex trading is regulated in the US by the National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC). These regulatory bodies ensure that forex brokers operating within the US adhere to strict guidelines to protect the interests of traders. However, these regulations can make it difficult for US citizens to access forex trading platforms offered by international brokers.
One of the most popular international forex brokers that accepts US citizens is Forex.com. Forex.com is regulated by the NFA and the CFTC and offers a range of trading platforms including MetaTrader 4, Trading Station, and NinjaTrader. They also offer a range of educational resources and market analysis tools to help traders make informed decisions.
Another popular international forex broker that accepts US citizens is Oanda. Oanda is regulated by the NFA and the CFTC and offers a range of trading platforms including MetaTrader 4, Oanda Web, and Oanda Desktop. They also offer a range of educational resources and market analysis tools to help traders make informed decisions.
AvaTrade is another international forex broker that accepts US citizens. AvaTrade is regulated by the Central Bank of Ireland, the Australian Securities and Investments Commission, and the Financial Services Commission of the British Virgin Islands. They offer a range of trading platforms including MetaTrader 4, AvaTradeGo, and AvaOptions. They also offer a range of educational resources and market analysis tools to help traders make informed decisions.
IG is a popular international forex broker that accepts US citizens. IG is regulated by the Financial Conduct Authority in the UK and offers a range of trading platforms including MetaTrader 4, IG Web, and IG Trading. They also offer a range of educational resources and market analysis tools to help traders make informed decisions.
Finally, XM is another international forex broker that accepts US citizens. XM is regulated by the Cyprus Securities and Exchange Commission and offers a range of trading platforms including MetaTrader 4 and XM WebTrader. They also offer a range of educational resources and market analysis tools to help traders make informed decisions.
In conclusion, while US citizens face strict regulations when it comes to forex trading, there are still a number of international forex brokers that accept US clients. It is important for traders to do their research and choose a reputable broker that is regulated by a respected financial authority. By doing so, traders can access the global forex market and potentially profit from the volatility of currency exchange rates.
