All Forex brokers that accept US residents as clients

US regulated forex brokers

Note: We don't include IBs(introducing brokers) in this list.

BrokerTypeRegulationUS residentsMini accountMinimal LotSpreadsLowest spreads EURUSD
Interactive Brokers(Visit)ECN/STPNFA, CFTC, FSA UK, IIROC, NYSE, FINRA, SIPCyesno0.25variable>0.5
OANDA(Visit)MMNFA, CFTC, FSA UK, FSA Dubai, IIROC, MAS Singaporeyes$10.001 or lessvariable>0.9, CFTC, FSA UKyes$2500.01variable>1 – 1.5

US Brokers are regulated by NFA & CFTC. They follow strict standards and procedures,which are often found too strict for free trading than other parts of the world. Some examples:

  • Limited Leverage Maximum: Forex 1:50 Options 1:20 (released in 2010
    • US Forex brokers with high leverage? Some US brokers have international branches in other countries. They offer leverage higher than 1:50.(Note: these branches operate differently and are not regulated by NFA or CFTC)
  • No Hedging & FIFO
    • US brokers don't allow hedging and they must implement FIFO (First In First Out).
    • If you open more than one position on a currency pair, you must close the first before closing the second one
  • OFAC Restrictions
    • The Office of Foreign Assets and Control (OFAC) has placed limitations on who US forex brokers can accept as a client. Furthermore, US brokers tend to restrict their business to a certain class of traders.
  • Credit Card are not allowed to fund forex account

Why many offshore international forex brokers don't accept US residents as clients

Mostly because Dodd-Frank Act in the US requires that Forex brokers that want to attract US citizens must be registered with NFA & CFTC. Many international forex brokers find this costly and difficult.Many of them are also not willing to be registered by the two bodies in the US .(Read more:

What is Dodd-Frank Act? The Dodd–Frank Wall Street Reform and Consumer Protection Act (Pub.L. 111–203, H.R. 4173; commonly referred to as Dodd-Frank) was signed into federal law by President Barack Obama on July 21, 2010 at the Ronald Reagan Building in Washington, DC. Passed as a response to the Great Recession, it brought the most significant changes to financial regulation in the United States since the regulatory reform that followed the Great Depression. It made changes in the American financial regulatory environment that affect all federal financial regulatory agencies and almost every part of the nation's financial services industry.

Offshore forex brokers that still accept US Clients:

Tradersway (Visit)

FXChoice (Visit)


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2 Replies to “All Forex brokers that accept US residents as clients”

  1. I’d like to say that it’s not that if broker is regulated then your money is in safe. Regulated brokers can be scam. There are good and very popular brokers among unregulated .