Best Forex Brokers for USA Residents
Finding an online forex broker that accepts residents form the United States can actually be a tiring task for some. Even though there are many out there that deny services to USA traders, there are also several that still do. The biggest issue for many is figuring out which ones are actually worth trading forex with.
Here at TradeForex.net, we have gone through and came up with a list of the best forex brokers for US traders. All of these online brokers have many years in the industry and have a strong reputation among the forex market. We only added brokers to this list if they do a great job accommodating for US residents and have been known to be a well-trusted name among forex traders.
Best US Forex Brokers
We went through and made sure that each one of these forex brokers made a conscious effort to provide all the necessary services for US clients and made the process as easy as possible. They all offer excellent deposit options for all of their traders, so client from the United States will have no problem starting a real money trading account with anyone of these.
Forex Trading in the USA
For as long as most people in the United States can remember, the stock markets have been the big deal when it comes to financial investments. However, with the current economy the way that it is and the instability of the stock market, many investors have been looking for some other financial market to invest their money in. This is where the forex market comes into play.
With the massive size and liquidity of the forex market, it is considered to be one of the most stable financial markets in the entire world. As the rest of the world continues to join the forex market, private traders and investors in the US are really just beginning to tap into all that the forex industry has to offer.
Even though there are still some online forex brokers that neglect to allow USA traders use their services, there are many that have developed services specifically for USA traders. Many of them realize the advantage of allowing clients from the US join in because it can only add to stability and strength of the forex market.
With the stock markets being the big thing in the United States, the real issue is that most people are simply uneducated on what the forex market is and how it works. As more and more people from the USA begin to learn about it, we will eventually start to see a shift from trading stocks in to trading forex.
As this happens, the market will obviously continue to grow in size and liquidity, and it will only become more and more profitable for investors. There is no doubt that there is a shift starting and it will only continue as the stability of the forex market grows stronger. As this happens, US traders will switch from stocks to forex in record numbers.
Ready to Trade Forex?
If you are from the US and are looking to invest your money in a new financial market, then you should look to start trading forex. With many online brokers you can start out with a free demo account so that you can learn how to trade forex.
Signup Bonus of 10% Up to $10,000
Our top forex broker for traders from the USA is eToro. They offer everything you need in order to get started. You can open up a demo account and get familiar with their trading tools, as well as the forex market. When you are ready, you can simply sign up for a real trading account and make your first investment.