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What ecn forex brokers accept us clients?

As a forex trader based in the United States, you may find it challenging to find an ECN (Electronic Communication Network) forex broker that accepts clients from the US. This is because of strict regulations imposed by the US government on forex trading. However, there are still a few reputable ECN forex brokers that accept US clients. In this article, we will discuss these brokers in detail.

Firstly, let us understand what an ECN forex broker is. ECN brokers are those that allow traders to connect directly with the interbank market. This means that traders can access real-time prices from various banks and other liquidity providers without any interference from the broker. The broker’s role is limited to providing the trading platform and charging a commission on each trade.

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ECN forex brokers are preferred by traders who want to have access to the most competitive prices and want to trade in a transparent environment. ECN brokers also offer deep liquidity and fast execution speeds, which makes them ideal for traders who use scalping or other high-frequency trading strategies.

Now, let us look at the ECN forex brokers that accept US clients:

1. Forex.com

Forex.com is one of the largest forex brokers in the world and is regulated by the Commodity Futures Trading Commission (CFTC) in the US. It offers ECN trading through its Forex.com ECN account, which charges a commission of $4 per lot traded. The minimum deposit required to open an ECN account with Forex.com is $1,000, and the maximum leverage is 1:50.

2. Oanda

Oanda is a well-established forex broker that is also regulated by the CFTC in the US. It offers ECN trading through its Oanda Pro account, which charges a commission of $5 per lot traded. The minimum deposit required to open an Oanda Pro account is $20,000, and the maximum leverage is 1:50.

3. ATC Brokers

ATC Brokers is a US-based forex broker that offers ECN trading through its ATC Trader platform. It charges a commission of $0.80 per lot traded, and the minimum deposit required to open an account is $5,000. The maximum leverage offered by ATC Brokers is 1:50.

4. Interactive Brokers

Interactive Brokers is a popular online broker that offers ECN trading through its IBKR Pro account. It charges a commission of $0.002 per share traded, with a minimum commission of $1 per trade. The minimum deposit required to open an IBKR Pro account is $10,000, and the maximum leverage offered is 1:40.

5. LCG

LCG is a UK-based forex broker that is regulated by the Financial Conduct Authority (FCA) in the UK. It offers ECN trading through its LCG Trader platform, which charges a commission of $45 per million traded. The minimum deposit required to open an LCG Trader account is $10,000, and the maximum leverage offered is 1:30.

Conclusion

In conclusion, finding an ECN forex broker that accepts US clients can be challenging, but it is not impossible. The above-mentioned brokers are reputable and reliable, and offer competitive pricing and fast execution speeds. However, it is important to note that forex trading involves a high level of risk, and traders should only invest what they can afford to lose. It is also crucial to do your own research and choose a broker that suits your trading style and preferences.

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