The United States continues to be the main world economy and the second most important financial center for the FOREX market. A large part of the movements of world capital and trade are generated around its economy. This makes many traders want to operate with American brokers, and something similar happens with those in the UK because these are the two main financial centers worldwide.
Now, in the case at hand, it might not be that simple. Forex trading in the United States does not escape regulation, quite the contrary, it is considered by some to be heavily regulated due to the large number of regulatory entities that exist. This generates some complexity since each of these entities dictates the regulations that will govern the market according to the sector that is under its jurisdiction. In the case of the foreign exchange market we find, for example, among other requirements, that all Forex brokers who want to operate in the US must be registered with the CFTC (Commodity Futures Trading Commission) and the NFA (National Futures Association). This requires a large amount of capital as collateral, which can be a problem for some brokers who can operate elsewhere with much less capital. They must also comply with stricter rules than those of other regulatory bodies, such as the maximum leverage of 1:50 and the prohibition of coverage. On the other hand, according to the regulations a United States citizen cannot trade with brokers outside the US if they are not registered with the NFA.
Although due to the complexity of this market, the applicable regulations in each case must be carefully studied, in summary, the United States Forex brokers are considered reliable, transparent and with a high degree of professionalism. Therefore, they are undoubtedly an excellent option for operators.
Headquarter: Cyprus
Foundation: 2007
Regulation: FCA (UK), ASIC (AU), SySEC (CY), FSAS (SC)
Deposit: $200
Headquarter: US
Foundation: 1996
Regulation: CFTC, NFA, IIROC, FCA, MAS, ASIC, MFSA, FSC
Headquarter: UK
Foundation: 1974
Regulation: CFTC, NFA, FCA, MAS, BaFin, ASIC, BMA
Headquarter: US
Foundation: 2001
Regulation: CFTC, NFA, FCA, CIMA, SySEC, FSA, ASIC, IIROC
Deposit: $100
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