Best Forex Brokers in the USA
The currency market is the largest and most liquid market in the financial world. Investors, traders, and individuals are all part of this market. With the large trades taking place daily, there has to be someone who facilitates these trades, where Forex brokers come in. Here are some best forex brokers in the USA:
Fxcm was founded in 2001 by Leucadia National Corporation. The firm was set up to provide viable and quality brokerage services. It is both regulated by the FCA (Financial Conduct Authority) in the United Kingdom and the National Futures Association (NFA) in the United States. The London-based brokerage firm has many offices and associates across various parts of the world.
2. CMC Markets
CMC markets is a solid and influential ecn trading platform that has been in the industry for a long time. It is considered one of the best forex brokers in the USA, UK, and Australia because of its good services and support. The firm's headquarters are in London, the United Kingdom, but has offices in additional countries for better service delivery.
GKFX is a forex brokerage firm that caters to retail and institutional investors. The company has been in operation since 2010 and is licensed by the Financial Conduct Authority (FCA). It has a unique trading platform that provides all the tools needed for traders to succeed.
IG is a well-known forex broker that has been in operation for more than 40 years. The company is regulated by the Financial Conduct Authority in the United Kingdom and is a member of several regulatory bodies in many countries. IG has an excellent trading platform that helps traders execute trades in real-time.
Founded in 1996, OANDA is a well-known Forex trading platform that caters to traders and investors. The firm has its headquarters in Canada and offices in Australia, China, Japan, Hong Kong, the United Kingdom, Singapore, South Africa, and the United States. OANDA is registered with the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA).
HYCM provides various financial products and services to institutional and retail clients. The firm is a member of major regulatory bodies in the countries it operates in. In addition, it has
offices in various countries to provide better service delivery. HYCM is licensed by the Securities and Exchange Commission (SEC) in the United States, the Financial Services Authority (FSA) in the United Kingdom, and the Cyprus Securities and Exchange Commission (CySEC).
7. Saxo Bank
Saxo Bank is a well-known forex brokerage firm that offers various products to retail and institutional clients. It has been in operation for more than 25 years. The company is regulated by the major regulatory bodies in the countries that it operates in. Saxo Bank Group has its headquarters in Copenhagen, Denmark, with branch offices in Singapore, Sydney, Dubai, Hong Kong, and six other countries.
All the zero spread brokers mentioned above are well-known for their customer support, experience, and good services. Therefore, those interested in trading currencies can consider registering with any of these firms.