Who are the top regulated forex brokers in the USA to trade currencies? Forex market because it doesn’t consider currency pairs a security. In the United States, the Dodd-Frank Act constitutes the fxdirectdealer online foreign currency trading body of rules governing Forex trading. Signed into law in 2010 by President Obama, it reformed insufficient financial regulation that allowed too much leeway to financial institutions, which contributed to causing the 2007-2008 financial crisis.
These regulations have “scared off” both the Forex brokers and the retail traders. There are fewer Forex brokers currently operating in the US compared to other areas in the world because of the regulations enforced by the NFA. Owned by NYSE-listed parent company, GAIN Capital Holdings, Inc. TD Ameritrade: TD Ameritrade offers powerful charting tools, capable of comparing multiple currency pairs alongside each other, as well as providing any necessary technical indicators. Customers can also analyze social sentiment from Twitter.
ATC BROKERS: STP Execution, No Dealing Desk, Scalping Allowed, Multiple Brackets Order, along with other risk management tools like breakeven capability, custom trailing stop-loss, etc. Interactive Brokers: Another popular broker having a global presence, Interactive Brokers claims to have low trading costs with high-level execution, global offerings, high-end trading technology, risk management tools, and trading tutorials. Ally Invest: Ally provides traders comprehensive research and analysis, competitive pricing, and a robust educational resources. 5 market access and a practice account for testing investing approaches. Disclaimer: Information presented is as available at the time of writing this article, and may change in due course of time.