Our team's ranking of online forex brokers. Review our FX broker reviews, compare spread fess and features, and start trading! All reviews, research, news and assessments of any kind on The Tokenist are compiled using a strict editorial review process by our editorial team. Forex Brokers. Free Broker Comparison List and Top 10 FX Brokers 2020 . Find the best Forex Broker and take your trading to the next level. 
IG offers traders in the US over 90 forex pairs, comprehensive research tools, an advanced web trading platform, and real-time data. No investment is without risk, but forex tips the risk meter further with its rapid trading pace and high leverage, which means investors can quickly lose more than their initial investments. 
Regulation and licensing Price competitiveness (spreads) Software technology (trading platforms) Accessibility (minimum deposit and available funding methods) Range of currency pairs Beginner In the United States, the Dodd-Frank Act constitutes the primary body of rules governing forex trading. 
1 Forex.com This is mostly because the MetaTrader 4 platform, the go-to Forex trading platform worldwide even after all these years, does not suit certain U.S. regulations (mostly FIFO) concerning hedging. 
FX Empire’s top picks for the best forex brokers in US. We evaluated online brokers for their regulations, trading platforms, customer service, account types, commissions and more. Trade forex with American US Forex Brokers regulated by NFA. Read detailed trading conditions, user's reviews and ratings of Forex brokers USA 🇺🇸 
4 Oanda To comply with the American FX regulatory environment, a broker must offer a leverage not higher than 1:50 for major currency pairs (even lower for minor and exotic pairs ) and support no-hedging accounts. 2 IG Markets For example, when you travel abroad to an exotic country and you need to exchange some money, you usually go to a bank branch instead of changing money on the street. 
When you trade forex, you bet on the price change of a currency pair, for example, the EURUSD. Pros Advanced web trading platform Comprehensive educational material Impressive research tools Competitive rates Over 16,000 markets 
It is regulated by a number of regulatory authorities including the UK Financial Conduct Authority (FCA) in the UK, and the National Futures Association (NFA) and Commodity Futures Trading Commission (CFTC) in the USA. Realizing this great folly in the US forex brokerage setup, the brokers in the list provide below have created a system which allows traders to hedge, even if it means placing opposing positions on the same asset. Non-bank USA Forex brokers working for retail traders are also regulated by this agency.