Forex trading can make you a lot of money in a short period of time, but to do this, you need to have the best brokers. We’ve found the top United States regulated forex brokers so you can begin your trading without worrying.
FXCM
FXCM has experienced traders, so beginners have the ability to invest in foreign trading. Additionally, it claims to have spreads as low as 0.5. You can start small with only a $50 account and grow as you learn. FXCM was a leading broker in 2015 with over $3.9 trillion in retail trading volume. If you’re new, you can try out a demo of FXCM for free and practice trading with live buy and sell prices. The site also has assistance for anyone via phone or live chat so you can get issues resolved as soon as possible.
FOREX.com
Forex.com has a range of markets to choose from that help you trade, buy, and sell at your pace. Like FXCM, you can open a risk-free account to practice trading with $50,000 of virtual money. You’ll get real-time streaming quotes and full access platforms and tools that are used by professionals. Forex is regulated in five jurisdictions worldwide and has global offices in New York, London, Tokyo, Hong Kong, Sydney, and Seoul. The prices are competitive, and you can view live spreads to determine which currency pairs provide the best investment.
OANDA
OANDA primarily focuses on giving you the ability to convert currency, but it’s a great website for those looking to invest in forex. With OANDA, you can view live exchange rates and quickly research historical exchange rates as well. The site has a learning platform that makes it easy to practice foreign currency trade with all the resources you need. The free demo of OANDA provides training, or you can try trading with real funds.
TradeKing
TradeKing is a major leader in the stock exchange market and recently acquired Zecco to start participating in forex. TradeKing helps anyone diversify their investments to increase profits. There are tight, easy-to-read charts that assist you in determining which currency pair you should invest in. Additionally, Forex has essential guides to help any newcomer to the world of foreign exchange. If you need support, TradeKing is available 24 hours a day, six days a week. By signing up, you can choose to get a $50,000 Practice Account or to start trading with live funds immediately.
ATC Brokers
Many investors choose ATC Brokers because it has tight spreads, deep liquidity, STP execution, no dealing desk, and scalping is allowed. The site also has many risk management tools to help you gain a profit such as breakeven capability, custom railing stop-loss, and more. The practice account with ATC Brokers is incredibly easy to set up and can help you familiarize yourself with the platform used. One of the biggest benefits with ATC Brokers is the mobile app that allows you to watch your trades even while on-the-go.
