Why do most forex brokers not accept US clients?

The reason for this is quite simple – capital requirements. While a broker has to have around $100,000 – $500,000 of locked capital to obtain one of the European licenses, NFA requires quite an enormous amount of capital to be able to operate in the US – 20 million dollars.

Can US citizens trade with offshore brokers?

When it comes to anything “exotic” or offshore, you can count on the US government to ring fence its citizens in to only investing in stuff they can control. And it’s is no secret that a lot of international forex brokers have regulations that restrict US traders.

Can US citizens use pepperstone?

The company is regulated in the U.K. and registered with the Financial Conduct Authority (FCA #684312) as well as the Australian Securities and Investments Commission (ASIC #147055703). Like many forex brokers, Pepperstone does not accept U.S. traders.

Is forex ban in USA?

One of the common myths among nonprofessional traders of the Forex market is that Forex is banned in the United States of America. This is not true. In the US, Forex is not prohibited!

Is FXCM available in USA?

FXCM allows people to speculate on the foreign exchange market and provides trading in contract for difference (CFDs) on major indices and commodities such as gold and crude oil. It is based in London. The company was banned from United States markets for defrauding its customers.

Can US citizens use TradersWay?

“Accepts U.S. Clients – We are out of the reach of the CFTC and thus can offer clients the same trading conditions that the rest of the world is able to freely enjoy.” I’d like to know more about TradersWay and account opening requirements.

Does FXTM have Nasdaq?

FXTM launches NYSE and NASDAQ stock trading for MetaTrader 5 FXTM Pro Accounts.

Is FXCM legit?

FXCM is considered safe as it has a long track record, a strong parent company, and is regulated by top-tier financial authorities like the UK’s Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC).