What are the safe regulated brokers for U.S. traders?

The United States is home to some of the largest and most liquid financial markets globally, with the forex market playing a significant role. The U.S. dollar is involved in 88% of all forex transactions worldwide, and the U.S. forex market is one of the most active, accounting for around 19% of daily forex transactions. For traders looking to enter this dynamic market, choosing a safe and regulated forex broker is crucial.

To ensure protection and compliance, forex brokers serving U.S. traders must register as Retail Foreign Exchange Dealers (RFED) and gain authorization from the National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC). Additionally, the Securities and Exchange Commission (SEC) oversees stock market activities, while the NFA regulates futures and derivatives markets.

Heres a list of highly-regarded, regulated forex brokers for U.S. traders:

1. FOREX.com

WikiFX Score: 9.55/10

Established in 2001, FOREX.com is a well-respected global forex broker regulated by multiple authorities, including the NFA in the U.S., ASIC in Australia, FCA in the UK, FSA in Japan, CIRO in Canada, and MAS in Singapore. It offers a wide range of trading instruments such as currency pairs, precious metals, indices, futures, options, and stocks. FOREX.com is known for its robust trading platforms and comprehensive market access.

2. IC Markets Global

WikiFX Score: 9.22/10

Founded in 2007, IC Markets Global is an Australian broker regulated by ASIC. It provides access to global financial markets, including forex, indices, commodities, and cryptocurrencies. IC Markets is praised for its advanced trading platforms, including MetaTrader 4, MetaTrader 5, and cTrader, and offers 24/7 customer support along with extensive educational resources.

3. TMGM

WikiFX Score: 9.11/10

TMGM, established in 2013 and headquartered in Sydney, is an ECN/STP broker known for its MetaTrader 5 platform, introduced in 2016. With FCA membership achieved in 2017, TMGM will expand its services globally by 2021. The broker offers over 12,000 trading instruments across forex, commodities, cryptocurrencies, and stocks, and supports popular platforms like MetaTrader 4 (MT4) and Iress.

4. Exness

WikiFX Score: 9.00/10

Founded in 2008, Exness is a leading forex broker based in Cyprus with regulations from FCA (UK), CYSEC (Cyprus), FSCA (South Africa), and FSA (Seychelles). As a Market Making (MM) broker, Exness acts as an intermediary in trades. It provides a broad range of CFD trading products, including forex, commodities, stocks, indices, and cryptocurrencies.

5. IG

WikiFX Score: 8.37/10

IG, founded in 1974 in London, is one of the world's first brokers to offer financial spread betting and online dealing. With operations in the U.S., Australia, Japan, and New Zealand, IG offers over 18,000 tradable instruments, including forex, indices, CFDs, cryptocurrencies, and options. Its long-standing reputation and comprehensive product range make it a reliable choice for traders.

Conclusion

Selecting a well-regulated forex broker is essential for ensuring a safe and effective trading experience. The brokers listed above are recognized for their adherence to regulatory standards and their commitment to providing a secure trading environment. Always conduct thorough research and consider your trading needs before choosing a broker.