best broker for forex trading in usa

Forex brokers under NFA regulations. Retail forex trading brokers in the forex profiter software profit pro United States must maintain minimum capital of at least 20 million and 5 of the amount by which liabilities to retail fx customers exceed 10 million. In the forex industry, most brokers do not charge their traders any commission on the trades that they make. Because of strict regulation in the United States many Forex brokers shy away from the US market leaving the retail Foreign exchange market in the USA with very little choices. These brokers are reputable and known as the best Forex brokers in USA. Its main responsibility includes the following: Approving and licensing of forex brokers.

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The US government has taken immense measures to regulate the forex trading market. Both these types of trading accounts are termed as beginner friendly as they have a low minimum deposit requirement. Their headquarters is in Melbourne, but they also have offices in Dallas and Shangai. Another factor to consider when evaluating a brokers customer support service is whether the support service is available in multiple languages or just one language. Following numerous frauds and scams, NFA and cftc have limited the freedom of retail Foreign Exchange Brokers.