Finding the best US forex trading platform is actually one of the harder things to do in this industry. Many forex trading platforms and brokers do not accept US-based players and the list continues to grow. However, there are still several out there that do have platforms that accept US traders and some are even specifically designed for players that only come from the United States.
Many people in the US are still stuck on the stock market investing, and even though for some it can be very profitable, the stock market has been known to be very unstable. Too many in the US, the forex market is still a fairly new concept but once it really hits, more and more people will be investing their money into the largest and most liquid financial market in the world.
So the forex trading platforms listed above were chosen explicitly for any US traders wanting to jump into the forex market. All of these forex platforms accept US-based traders and also provide all of the trading tools, training and customer support that any forex trader would possibly need. Once youre ready, all you need to do is choose the platform that is best for you and sign up for a new trading account.
Like we said before, forex trading in the US is still somewhat of a new concept. The United States has been engulfed in the stock market for so long now that most people think of stocks as the only real way to invest their money. However, forex trading has started to grow among US citizens and will only continue to become more popular as the stock market struggles through the economic roller coaster.
The first thing that most US traders want to do is to compareforex vs. stocks. Once they have been able to do this, they most often times see the bigger advantages lie with the forex market. With the economy affecting the stock market so greatly, many people have already turned to the worlds largest and most liquid financial market. Once they invest in forex, traders rarely end up going back to trading stocks.
However, with recent statutes signed by the United States Federal Government, many international forex brokers have decided to no longer accept US traders. These brokers do not want to abide by the federal Dodd-Frank Act, which requires any brokerage accepting US traders to be registered with the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA).
This has caused many brokers to revoke their acceptance of US traders. On the other hand, there are still many of thebest forex trading platformsthat still allow US-based traders to use their platform. They realize that the US market is only going to grow as time goes on and they want to take full advantage of it.
The big advantage of the governments regulations is the fact that it does help protect US traders funds. Obviously, when you are dealing through any offshore companies you are always taking some sort of a risk but with the Dodd-Frank Act in place it does keep each traders funds regulated by both the CFTC and the NFA. So if you find a few online forex brokers that dont accept traders from the US, dont get discouraged, there are other good ones out there.
There is no question that for the longest time the stock market has been the place to invest for people in the United States. Even today many people continue to invest their money into stocks and still see a lot of profit from it. If you have never invested in the stock market and are trying to find the best place to invest your money so that you can see good return then we suggest giving some consideration to the forex market as well.
The forex market has grown into the worlds largest financial market and by far the most stable. There has been no doubt over the past few years of economic downturn, that the forex market has handled it the best. As many US investors have found out, the stock market is known to take big hits during economic uncertainty and many have also lost a majority of their fortune because of it.
With the forex market being so large and so financially liquid, it does not see the kind of effects that the stocks do. Many people continued to make smart trades and actually made even more money by trading forex. The great thing with this market is that as long as you do your research and use your trading tools, you can make good and profitable trades no matter what the economy is doing.
The last thing that we want to mention for US traders is to keep an open mind. Just because youve always been told to invest in stocks and thats all youve ever know, dont miss out on a great financial opportunity. Do your own research and find out why so many people are now trading forex and why it continues to be the most profitable financial market throughout the world.