USA Residents

Forex Brokers for US Residents

All Forex Brokers below are open to US residents.

In order to trade Forex you need a Forex Broker. There are pros and cons to every broker.  There are tens of thousands of reviews for each broker on many Forex websites. You must note that many of these reviews are breeding grounds for Forex Brokers themselves and traders that want to point the blame on someone else for taking losses. Please take each review with a grain of salt and use your own discretion.

We always suggest that you at least test demo account before opening a live account with a particular Forex Broker. With each forex broker, typically the spreads you see in demo account is the same as their live accounts. In this section you will find an extensive directory of many Forex Brokers with some highlights to each company. To find more information or download a free demo account for a specific broker, click on Learn more….

One of the few non- US  forex brokerages that still opens to US clients is Tallinex. I trade with them because of leverage (I use 1:100 but can go up to 1:600), hedging, significant credit/debit card deposits + free withdrawals back to card, no rollover swap on gold (xauusd), silver (xagusd), bitcoin and no FIFO-rule, and super tight spreads  Check below to check them out and download a free demo. 

Tallinex
–    No Mark-up with ECN means much better fills
–    True ECN/STP environment on MetaTrader (MT4) platforms
–    Flexible Leverage up to 600:1
–    Scalping allowed – absolutely no restrictions
–    EAs enjoy the best possible conditions
–    Hedging allowed
–    FIFO rule not applicable!
–          Learn more….

Forex.com (affiliate of Gain Capital)

–          NFA / CFTC registered
–          No hedging
–           Minimum deposit: $250
–          Deposits accepted: Credit Card, eCheck (ACH Payment), Wire Transfer, Personal or Business Check
–          Max leverage 50:1 on major currency pairs
–          Scalping restrictions: Scalping welcome
–          Free VPS hosting for deposits over $5000
–          Learn more….

Alpari

          NFA / CFTC registered
          Hedging not allowed
          Minimum deposit: $250
          Deposits accepted: Checks, PayPal, Credit Cards, and Wire Transfer
          Max leverage 50:1 on major currency pairs
          Scalping restrictions: No policies or restrictions on scalping
          23 currency pairs available plus Gold and Silver
          Inactivity fee: Yes, you will be charged after the 120th day of inactivity.
          Free VPS hosting with $250 minimum deposit and execute at least 5 standards lots per month. 
–                    Learn more….

Oanda

          NFA / CFTC registered
          No hedging allowed
          Minimum deposit: $1
          Deposits accepted: Checks, Bank wire, Credit cards and PayPal
          38 currency pairs available plus gold and silver
          Max leverage:  Max leverage 50:1 on major currency pairs
–                    Learn more…. 

ZuluTrade 

          NFA / CFTC registered
          They are an Introducing broker to many FCM’s (FXDD, FXCM, Forex.com, etc)
          Free signals from other traders live accounts of your choice with zero fees.
          You can become a signal provider and produce extra revenue depending on traders that want your signals.
–             Try a demo and choose your preferred signal provider to trade your account (demo acct)
–                   Learn more….

 

Risk Disclosure: 
“Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.”

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I am grateful to be of service and bring you content free of charge. In order to do this, please note that when you click links and purchase items or services, in most (not all) cases I will receive a referral commission. Thank you