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5 “Best” USA Forex Brokers (May 2023)
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Table Of Contents
We feature forex brokers that are fully regulated by the CFTC . We believe this is the most important aspect of forex trading. Please view the risks associated with forex trading at the bottom of this page. Also access our affiliate disclaimer.
We also feature brokers from these countries: Australia, Canada, Singapore, South Africa, UK
USA Forex Brokers
Forex.com – This is one of the most longstanding brokers in the industry. They have been providing access to the forex market for traders since 2001. They now operate on a worldwide scale providing service to traders in more than 150 countries. They are also one of the few major forex brokers to offer services to US-based traders.
To match their worldwide service availability, the broker is regulated by numerous top-tier regulatory bodies including some of the most respected in the industry. The brokers reputation for transparency and trust, combined with a strong product offering and excellent trading costs, put it in prime position at the head of a very competitive sector.
Regulated by the Commodity Futures Trading Commission (CFTC).
Member of the National Futures Association (NFA #0339826).
Member of Investment Industry Regulatory Organization of Canada (IIROC)
Regulated by The Cayman Islands Monetary Authority (CIMA). This is the primary financial services regulator of the Cayman Islands.
Forex trading involves significant risk of loss and is not suitable for all investors.
Click Here to Visit Forex.com or Read our Forex.com Review
What is the CFTC?
This stands for the Commodity Futures Trading Commission. This is an independent U.S. federal agency which was established by the Commodity Futures Trading Commission Act of 1974.
The goal of the CFTC is to ensure to regulate financial markets. The idea behind this act was to prevent market participants from being subject to fraud by individuals who seek to take advantage of unsuspecting investors.
What is the NFA?
This stands for National Futures Association. The NFA is the industry-wide, self-regulatory organization for the U.S. derivatives industry, providing innovative and effective regulatory programs. Every member of the NFA has a number which identifies it as an NFA member.
Forex Risk Disclaimer
“There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses.”
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Daniel is a big proponent of how blockchain will eventually disrupt big finance. He breathes technology and lives to try new gadgets.