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BEST AMERICAN FOREX BROKERS

How to pick a Best US forex broker (as a trader in the US) When you are an American trader, you should learn a few things about how to choose a forex broker before you decide for which broker you want to sign up. Through this article, we would discuss the following aspects to help you find out the bBest forex brokers in US:

Regulated professional Agency for Regulation
appropriate and trustworthy platform for trade
Reasonable trading cost
Having appropriate trading accounts
Customer service efficient

Best-forex-brokers-in-USA

Features for find Best forex brokers in USA

US Regulation & General Regulation

The market for forex items is an Over the Counter market (OTC), the most challenging market to control in the US because it does not have a central exchange for the trade. Due to the unregulated existence of the OTC industry, the US Government created a regulatory mechanism to allow all providers of financial services to be a licensed member of an approved exchange to protect U.S. investors from being scammed. The broker has to be part of the NFA - National Futures Association or CFTC - Commodity Futures Trading Commission in short . The best US forex broker must also be a NFA’s member. For the United States, however, the NFA is the major regulatory body which regulates foreign trade.

Software & Trading Platform

There are two key platforms, owned and produced by the broker in the house or generic / white labeling platforms designed by a third-party and featuring the branding of brokers like their logo, are adopted by brokers. MetaTrader4 by MetaQuotes is the most common example. Perhaps all of the forex brokers currently adopt this approach. The Sirix Platform and the cTrader are other popular examples. The proprietary platforms must first be checked, to determine if their structure and design are appropriate for traders.

Customer Support

When a best US forex broker is assessed, the last thing most traders have in mind is customer support. In fact, it represents the cord that connects the trader with the broker for every online service industry. It is just fair for the broker for being aware of all questions and problems that may occur while trading for giving his hard earned cash to the broker.

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Conclusion

Therefore, it is necessary to find a best US forex broker who helps traders interact with the support team using various methods.. However, the hours of help should not restrict themselves to office time and be adequate to cover trading periods because in reality the FX market is a 24-hour market. The fact that the service is available in more language or only in one language is another aspect to consider when determining a customer support program.

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