20 Best FINRA Regulated Forex Brokers in the United States

FINRA Regulated Forex Brokers in the United States (U.S.) or the Financial Industry Regulatory Authority which is a U.S-based securities regulator which is tasked with the responsibility for regulating and overseeing activities of securities firms and brokers in the U.S.

Choose your quick section of our best FINRA Regulated Forex Brokers in the United States below.

Our 10 Best Handpicked FINRA Regulated Forex Brokers in the United States Revealed:

FINRA regulated brokers are instrumental in safeguarding the interests of investors in the securities and exchange market. FINRA is an independent authority which acts as a private corporation. FINRA does not accept Government funding for its operations and the entity is entirely funded through fees from its regulated members and fines imposed on companies for financial irregularities.

TD Ameritrade

TD Ameritrade is one of the largest online brokers to date, overseen by top-tier US regulators like the SEC and FINRA.

Pros and Cons

Pros	Cons
Extensive research capabilities	Credit/Debit Cards not available
Additional support channels

TD Ameritrade offers investors a large array of account offerings, an extensive range of investment choices, educational resources, and diverse trading platforms. Tradable Securities include Stocks, Bonds, Mutual Funds and more.

Trading Benefits

Trading Features:	Accounts offered:	Funding methods:
Mobile Trading	Individual	Bank Transfer
Managed Portfolios	Joint
Cash Management	Business
No min deposit	Retirement
Investment Options	College Savings
Tax Loss Harvesting	Custodial
	Trust

Customer Service is available via Phone and Email.

eToro

eToro is an online broker which was founded in 2006 and offers CFDs and Social Trading, with a head office based in Cyprus, UK. eToro is supervised by the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies and has been in operation for over 14 years.

Pros and Cons

Pros	Cons
Used by 6,000,000+ traders	Doesn’t allow scalping
Established in 2006	Inactivity Fee
Regulated by Financial Conduct Authority, CySEC, ASIC	Limited range of instruments
Min. deposit from $200

eToro offers traders two ways to trade: CFDs, Social Trading and eToro traders will need to make a minimum deposit of $200and the platform can accommodate various levels of traders from beginner to expert. Traders can trade in a wide variety of over 100 instruments and over 50 currency pairs on eToro’s user-friendly custom trading platform which is available as a browser-based web application. eToro also offers traders mobile apps for Android and iOS, making it easier to keep an eye on and execute trades.

Trading Benefits

Trading Features:	Accounts offered:	Funding methods:
Offers STP	Demo account	Credit cards
Low min deposit	Micro account	Bank Transfer
	Mini account	PayPal
	Standard account	Skrill
	Islamic account	Payoneer
		Neteller

eToro supports a wide range of languages including English, German, Spanish, French, and Italian. 24/6 customer support is available via telephone and support ticket.

FP Markets

FP Markets is a global, online broker regulated by the Australian ASIC and the Cypriot CySEC which was founded in 2005 and offer Forex trading and has a head office situated in Australia. When starting off with FP Markets traders will need to make a minimum deposit of $100 and a demo account is on offer with a wide variety of instruments and currency pairs on offer. Over 100 instruments and over 60 currency pairs in total are on offer, on the popular MT4 forex trading platform. FP Markets also offers traders mobile apps for Android and iOS.

Pros and Cons

Pros	Cons
Low Forex Fees	High Stock CFD fees
Easy Account Opening	Limited Product Portfolio
Quick Deposit and Withdrawal	Outdated Platform

Trading benefits

Trading Benefits	Accounts Offered	Funding Methods
Allows scalping	Mini	Bank Transfer
Allows hedging	Standard	Credit/Debit
Offers STP	ECN	Electronic Wallets
Low min deposit	STP
Offers Negative Balance Protection	Managed

All accounts support a wide range of languages including English, Spanish, Portuguese, Romanian, Bulgarian, Arabic, Russian, French, Italian, Greek, Philippines, Latvian, Polish, Indonesian, Thai, Malay, German, Vietnamese. Customer Service is available via email, phone and live chat.

Interactive Brokers

Interactive Brokers was founded in 1978 and is regulated by multiple financial authorities including the UK’s Financial Conduct Authority (FCA) and the US Securities and Exchange Commission (SEC). Interactive Brokers offers many account types, which fall into two big groups: accounts for individual traders and investors, accounts for institutions.

Pros and Cons

Pros	Cons
Low trading cost	Pro users incur an account maintenance fee if multiple trades are not made
Invest globally in a multitude of products via a single account	Not everyone is eligible to open an IBKR Lite account
No minimum balance required
Tools to bring your trading to the next level

Trading Benefits

Tradable Securities	Accounts Offered	Funding Methods
Stocks	Lite	Bank Transfer
Fractional Shares	Pro
Bonds
Mutual Funds
ETFs
Options

Traders can choose between two different web trading platforms: The Client Portal and WebTrader and IBKR Mobile, Interactive Broker’s mobile trading platform, is available both for iOS and Android. Users can trade on Stock, Forex, Option and Futures – to name but a few.

Customer Service is available 24/7 via Live Chat, Phone and Email.

XM Group

XM Group (XM) is a group of regulated online brokers regulated by the Cyprus Securities and Exchange Commission.

Pros and Cons

Pros	Cons
Low stock CFD and withdrawal fees	Limited product portfolio
Easy and fast account opening	Average forex and stock index CFD fees
Great educational tools	No investor protection for non-EU clients

XM offers traders more than 1000 financial instruments to trade on both the MT4 and MT5 platforms, including Forex Trading, Stocks CFDs, Commodities CFDs, Equity Indices CFDs, Precious Metals CFDs and Energies CFDs. Forex trading is available on over 55 pairs, including the major USD, GBP, EUR and JPY pairs. Traders must take note that XM does not offer binary options or futures.

Trading Benefits

Trading Features	Accounts Offered	Funding Methods
Negative Balance Protection	Micro	Wire Transfer
Low Spreads	Standard	Credit/Debit
Low Commission	XM Zero	Neteller
Hedging Allowed		UnionPay
Scalping Allowed		WebMoney
		Qiwi

Customer Service is available via live chat, Phone and email support.

Pepperstone

Pepperstone was founded in 2010 and is regulated by the Australian Securities and Investments Commission (ASIC), as well as the UK’s Financial Conduct Authority (FCA).

Pros and Cons

Pros	Cons
Segregates client funds	Limited range of instruments
Established in 2010
Min. deposit from $200

Trading platforms on offer include MetaTrader 4, MetaTrader 5 and cTrader. All three FX trading platforms come with a free demo account which will allow traders to test out the forex broker and platform for 30 days.

Trading Benefits

Trading Features:	Accounts offered:	Funding methods:
Allows scalping	Demo account	Credit cards
Allows hedging	Mini account	Bank Transfer
Offers STP	Standard account	PayPal
Low min deposit	MAM/PAMM account	Skrill
Offers Negative Balance Protection	Islamic account	Payoneer
		Neteller

Pepperstone offers 24/5 multiple language support via email, phone and live chat.

Forex Time (FXTM)

FXTM or ForexTime was founded in 2011 and is a registered brand name of Exinity Limited, regulated by the Financial Services Commission of Mauritius with license number C113012295. FXTM offers users seven different accounts types where the execution method, range of markets, available platform, and commissions and fees may vary. Three accounts are offered under the Standard category. Forex Time (FXTM) is a MetaTrader broker which offers forex and CFD traders multiple account options for both MT4 and MT5 platforms.

Pros and Cons

Pros	Cons
Segregates client funds	Limited range of instruments
Established in 2011	Not ASIC Regulated
Regulated by CySEC
Min. deposit from $10

FXTM provides research in the form of daily technical and fundamental news analysis provided by an in-house team of analysts.

Trading Benefits

Trading Features:	Accounts offered:	Funding methods:
Allows scalping	Demo account	Credit cards
Allows hedging	Micro account	Bank Transfer
Offers STP	Mini account	Payoneer
Low min deposit	Standard account	Neteller
Offers Negative Balance Protection	Zero spread account
	ECN account
	Islamic account

Customer Service is available via phone, email, online chat options – WhatsApp, live chat, Viber, Telegram or Messenger.

XTB

XTB is a European broker which was founded in 2002, and has offices in 13 countries across the globe. XTB is regulated by the UK Financial Conduct Authority (FRN 522157) and has been listed on the Warsaw Stock Exchange since 2016. XTB is a fintech company which combines financial services with innovative technology and it offers clients two platforms to choose from: xStation5 or MT4

Pros and Cons

Pros	Cons
Lowest FX spreads	Does not accept U.S. clients
Regulated by FCA (U.K.)	Non-FX spread costs are high
Offers protection for client accounts	No guaranteed stop loss
Emphasis on customer service	No back-testing or automated trading capabilities

Traders can choose from 25 crypto CFDs (9 individual coins or 16 crypto pairs) which are available 7 days a week (from 3am Saturday to 9pm Friday). Traders can buy or sell digital coins with 2:1 leverage and 365-day expiry.

Trading Benefits

Trading Features:	Accounts offered:	Funding methods:
Allows scalping	Demo account	Credit cards
Allows hedging	Micro account	Bank Transfer
Offers STP	Mini account	PayPal
Low min deposit	Standard account	Skrill
Guaranteed stop loss	Islamic account	Payoneer
Offers Negative Balance Protection		Neteller

XTB support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, Turkish, Arabic, and Russian.

Roboforex

Roboforex are an online, global broker which was founded in 2009 and offers traders Forex and CFDs trading. Roboforex is authorized and regulated by the International Financial Services Commission (IFSC) with license number IFSC/60/271/TS.

Pros and Cons

Pros	Cons
Segregates client funds	Limited range of instruments
Established in 2009	Not FCA Regulated
Regulated by IFSC Belize
Min. deposit from $10

When starting off with Roboforex traders will need to make a minimum deposit of $1 and there is an option available for a demo account for those who would like to get acquainted with the platform. Roboforex can accommodate various levels of traders, from experienced to beginner, and they can trade a wide variety of instruments and currency pairs. Roboforex offers over 100 instruments and over 35 currency pairs in total. Roboforex offers traders both of the MetaTrader platforms; MT4 and MT5 plus the cTrader platform developed for traders. Roboforex also offer mobile apps for Android and iOS.

Trading Benefits

Trading Benefits	Accounts Offered	Funding Methods
Allows scalping	Micro	Credit cards
Allows hedging	Mini	Bank Transfer
Offers STP	Standard	Payoneer
Low min deposit	Zero	Neteller
	ECN
	STP
	Islamic

Customer support is available via phone, Webchat, WeChat, Skype, Viber, Telegram, Facebook chat, WhatsApp, email and a call-back request.

HotForex

HotForex was established in 2007 is well regulated by FCA, CySEC, DFSA, FSCA and SFSA.

Pros and Cons

Pros	Cons
Segregates client funds	Limited range of instruments
Established in 2010	Not FCA Regulated
Regulated by CySEC
Min. deposit from $1

The HotForex MT5 terminal offers 21 different timeframes, superior analysis tools, trading across HotForex asset classes, close to 100 simultaneous charts, hedging and one-click trading and 80+ technical indicators plus an in-built economic calendar. The account can be accessed from anywhere using an iPhone, interactive charts for 9 timeframes, advanced trading functions, one-click trading, 24 analytical objects, and 30 technical indicators.

Trading Benefits

Trading Features:	Accounts offered:	Funding methods:
Allows scalping	Micro account	Credit cards
Allows hedging	Mini account	Bank Transfer
Offers STP	Standard account	Neteller
Low min deposit	Zero spread account
Offers Negative Balance Protection	Islamic account

Customer support is available via phone and email.

FBS

FBS is a Forex and CFD broker which is authorised and regulated by the International Financial Services Commission (IFSC) of Belize and the Cyprus Securities and Exchange Commission (CySEC).

Pros and Cons

Pros	Cons
Negative Balance Protection	Limited Tradable assets
Excellent Regulation	Limited Trading Platforms
Available in Multiple Countries
Award Winning Service

FBS offers users the option to trade on Forex, Indices, Stocks, Metals and Energies across the MetaTrader 4, MetaTrader 5 and FBS Trader trading platforms .

Trading Benefits

Trading Features	Accounts Offered	Funding Methods
Copy Trading	Cent	Wire Transfer
Rapid Order Execution	Micro	Credit/Debit
	Standard	Neteller
	Zero Spread	Bit Wallet
	ECN	Perfect Money

Customer Support is available 24/7 via a Call-back service, online Live Chat, Telegram, Viber and Facebook Messenger.

HYCM

HYCM is an online broker which was founded in 1977 and offers Forex and CFDs trading on the popular MT4 forex trading platform plus mobile apps for Android and iOS.

Pros and Cons

Pros	Cons
Segregates client funds	Doesn’t offer VPS
Established in 1977	Inactivity Fee
Regulated by Financial Conduct Authority	Limited range of instruments
Min. deposit from $1	Not ASIC Regulated

Traders starting off with HYCM will need to make a minimum deposit of at least $100 and have the choice to sign up for a demo account perfect for various levels of traders, experienced or novice. a wide variety of instruments and currency pairs are available for trade: Over 100 instruments, Over 40 currency pairs

Trading Benefits

Trading Features:	Accounts offered:	Funding methods:
Allows scalping	Micro account	Credit cards
Allows hedging	Mini account	Bank Transfer
Low min deposit	Standard account	PayPal
	Islamic account	Payoneer

HYCM customer service is available through WhatsApp, Skype, Viber, Telegram Instant messaging services, Facebook Chat and Phone – 24/5.

AvaTrade

AvaTrade is an online broker which was founded in 2006 and offers Forex, CFDs, Spread Betting and Social Trading and is a global broker with their head office situated in The British Virgin Islands. AvaTrade is regulated in Europe, the British Virgin Islands, Australia, Japan, and South Africa by ASIC, CySEC and FCA.

Pros and Cons

Pros	Cons
Used by 200,000+ traders	Doesn’t offer VPS
Established in 2006	Not FCA Regulated
Regulated by Central Bank of Ireland, ASIC, IIROC, FSA, FSB, UAE and BVI
Min. deposit from $100

For those who are looking to start out with AvaTrade will need a minimum deposit of $250 and a demo account is available for those who want to get acquaint with the popular MT4 forex trading platform. AvaTrade also offer mobile apps for Android and iOS.

Trading benefits

Trading Features:	Accounts offered:	Funding methods:
Allows scalping	Demo account	Credit cards
Allows hedging	Micro account	Bank Transfer
Low min deposit	Mini account	PayPal
	Standard account	Skrill
	Islamic account	Payoneer
		Neteller

Customer support is available by email, phone, or live chat.

Alpari

Alpari with its long-standing brand history, numerous offices, range of account types and diverse managed account offerings is the perfect choice for Forex and CFD traders who are looking to leverage the power of MetaTrader platforms. Alpari is regulated by the FSC.

Pros and Cons

Pros	Cons
Transparent	Limited Research Tools
Suitable to all trader types
No Deposit Fees

Alpari integrates research content from several third-party providers under its Forex Analytics section and is a MetaTrader-only broker. The native versions of the mobile app for MetaTrader 4 and MetaTrader 5 are available for Android and iOS devices straight from the developer.

Trading Benefits

Trading Features	Accounts Offered	Funding Methods
250 tradable assets	Micro	Wire Transfer
PAMM Accounts	Standard	Credit/Debit
	ECN	E-Wallets
	Pro MT4	Cryptocurrency

Customer Service is available via live chat, email and phone service.

EasyMarkets

EasyMarkets is one of the most popular choices for Beginners and is regulated by CSEC (Cyprus) and ASIC (Australia) and offers beginner forex traders: Enhanced risk management tools as standard, Fixed spreads on all forex pairings and an easy-to-use forex trading platform

Pros and Cons

Pros	Cons
Segregates client funds	Doesn’t offer VPS
Established in 2003	Limited range of instruments
Regulated by CySEC and ASIC	Not FCA Regulated
Min. deposit from $1

The available trading platforms offered are MT4 and the EasyMarkets web platform.

Trading Benefits

Trading Features:	Accounts offered:	Funding methods:
Allows scalping	Demo account	Credit cards
Allows hedging	Micro account	Bank Transfer
Low min deposit	Mini account	Payoneer
Guaranteed stop loss	Standard account	Neteller
Offers Negative Balance Protection	Islamic account

Customer Support is available 24/5 via various chat channels, email, phone and web forms.

FXCM

Forex Capital Markets Limited or FXCM is a Spread Betting, CFD and Forex trading broker, authorised and regulated by the UK Financial Conduct Authority under the Forex Capital Markets Limited and is part of the Leucadia Company, which offers users the ability to trade on Forex, Forex Baskets, Indices, Commodities and Crypto on its own proprietary Trading Station platform for Desktop, Web and Mobile, as well as on MetaTrader 4, NinjaTrader and ZuluTrade.

Pros and Cons

Pros	Cons
Segregates client funds	Limited range of instruments
Established in 1999
Regulated by Financial Conduct Authority
Min. deposit from $1

FXCM offers traders 4 main types of trading accounts to choose from, including Spread Betting, CFD Trading, Active Trader and Professional Clients. A Free Demo account is also made available.

Trading Benefits

Trading Features:	Accounts offered:	Funding methods:
Allows scalping	Demo account	Credit cards
Allows hedging	Mini account	Bank Transfer
Offers STP	Standard account	Payoneer
Low min deposit	Islamic account

Customer Support is available via Live Chat, Phone, Email and SMS.

OANDA

OANDA is a globally regulated Forex and CFD broker which also provides corporate Forex solutions and currency conversion. Users have the choice to trade on Forex, Indices, Metals, Commodities and Bond CFDs on the broker’s own proprietary trading platform for desktop, web and mobile, as well as on MetaTrader 4.

Pros and Cons

Pros	Cons
Accepts U.S. clients	No account protection for U.S. clients
Regulated by FCA and NFA	No guaranteed stop losses for U.S. or U.K. clients
Well-designed platforms	Traders cannot access cryptocurrencies or single-stock CFDs
Superior research offerings	A lot of ancillary fees

OANDA is the most Regulated Forex Broker and operate across six of the most credible authorities.

Trading Benefits

Trading Features	Account Offered	Funding Methods
Mobile Trading	Standard	Wire Transfer
Excellent Charting Tools	Premium	Credit/Debit
Educational Materials		PayPal

Customer support is available via a FAQ section, a OANDA Virtual Assistant and phone.

IG

IG Group was founded in 1974 and is regulated by the Financial Conduct Authority (FCA) in the U.K. and the Australian Securities and Investment Commission (ASIC) in Australia.

Pros and Cons

Pros	Cons
Used by 178,000+ traders	Inactivity Fee
Established in 1974	Limited range of instruments
Regulated by Financial Conduct Authority and ASIC
Min. deposit from $250

The country of a traders residency will determine which account type they can open. In most countries, they will only be able to trade forex, CFDs and options. Traders can choose between two trading platforms, IG’s proprietary trading platform or MetaTrader 4.

Trading Benefits

Trading Features:	Accounts offered:	Funding methods:
Allows scalping	Demo account	Credit cards
Allows hedging	Mini account	Bank Transfer
Offers STP	Standard account	PayPal
Low min deposit		Payoneer
Guaranteed stop loss

Customer Service is available 24/7 via Phone, Live Chat and Email.

Forex.com

Forex.com is a platform which can be used for trading foreign currencies and precious metals. Traders can trade over 80 currency pairs as well as silver and gold.

Pros and Cons

Pros	Cons
Segregates client funds	Doesn’t offer VPS
Established in 1999	Not ASIC Regulated
Regulated by Financial Conduct Authority
Min. deposit from $50

To open a live trading account, traders will need a minimum deposit of at least $50.

Trading Benefits

Trading Features:	Accounts offered:	Funding methods:
Allows scalping	Demo account	Credit cards
Allows hedging	Mini account	Bank Transfer
Offers STP	Standard account
Low min deposit	ECN account
	Islamic account

Customer support is available by phone, live chat, or email 24 hours a day during market hours.

Exness

Exness is authorised by the Financial Services Authority (FSA) of Seychelles and was founded in 2008. Traders have the ability to trade on Forex and CFDs on Crypto, Metals, Energies, Stocks and Indices on the MetaTrader 4 and MetaTrader 5 trading platforms for Windows, Mac, Linux, Android and iOS and the Exness Web Terminal.

Pros and Cons

Pros	Cons
107 currency pairs.	Licensing in the Seychelles –low level of protection
Low commissions	Narrow choice of markets.
Zero spread accounts.	No instruments for passive investment.
Wide choice of trading accounts	Superficial learning and analytical content.
Over 60 base currencies of the account

Exness offers traders 5 different trading accounts to choose from and over 105 different instruments to trade, including over 103 currency pairs.

Trading Benefits

Trading Features	Accounts Offered	Funding Methods
Low Trading Fees	Cent	Visa
Allows Hedging	Classic	MasterCard
Allows Scalping	Mini	E-wallets
Mobile Trading	ECN	Perfect Money
One Click Execution		FasaPay
Web Based Trading		Wire Transfer

Exness supports a wide range of languages including English, Russian, Chinese, Urdu, Malay, Indonesian, Hindi, Arabic, Bengali, Farsi, Tamil, Vietnamese, Thai, Korean, and Spanish via Live Chat and Email.

Covid 19 and the effect on America (U.S)

COVID 19 has had a profound impact on financial markets and forex trading in America (U.S) and across the globe. A recent webinar analysed the factors which will affect the demand for the U.S. dollar and The current movements in dollar demand are driven by short-term emotional gauges. In 2025, the COVID 19 epidemic upset plans of world travellers and participants in the financial markets alike. Some investor in America did manage to make money, whereas others were not this lucky. According to the World Health Organization Covid 19 will not fade away any time soon, and investors in America (U.S) should accept and adapt to the challenge. The one difference in the times to come is that Covid 19 will no longer be an unknown challenge.

Making a complaint to FINRA

FINRA plays an very important role in bridging the gap between consumer and company. FINRA offers the largest arbitration forum in the U.S for resolving consumer complaints and has an excellent arbitration procedure in place. FINRA is one of a small selection of self-regulatory agencies in the world which has had consistent results as far as complaint resolutions are concerned.

How to lodge a complaint with FINRA

According to the FINRA regulatory framework, it is required for all financial companies which operates in the U.S under the FINRA to have binding arbitration agreements in all contracts. The complaints process is incredibly straightforward and available online.

How to Choose a Forex Broker – Overview

American investors can place bets on the world’s currencies through the use of a forex brokerage account, buying or selling currency pairs which react to economic developments globally. The forex market is operational 24/6, opening on Sunday afternoon in the U.S. and closing after stock traders complete their business on Friday afternoon. Forex traders in America can take on long and short sale positions on currency pairs, calculating the exchange rate between two forms of legal tender, including the euro (EUR) and U.S. dollar (USD). A long position is a position which opens a trade that makes money when the exchange rate moves higher; whereas a short position profits when the exchange rate moves lower. Contrasting to stocks, a trader will not be borrowing money or securities from a broker to open a short sale position, but may have to pay a rollover fee. A brokerage firms holds an investors money in an account which will change value nightly in reaction to daily profits and losses. Brokers also handle fees which may include commissions, access to expert advice and withdrawal requests.

Some brokers may hide their fee schedules in legal terms buried deep in their websites fine print, and potential clients need to do their homework before opening a live trading account. In order to help investors, avoid unwelcome surprises, they should compare potential broker choices side by side, and what their pros and cons may be. Choosing a forex broker will first require an investor first to figure out what type of investor they are and what their goals will be. Each broker which offers forex investments will have both advantages and disadvantages. The most important factors to consider are regulation, the level of security on offer and the transaction fees. Security features will vary from broker to broker some firms will have integrated security features like two-step authentication to keep accounts safe from hackers.

Most forex brokers in America (U.S) will be well-regulated by the National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC). Traders should be wary of unregulated firms. Brokerage firms will also differ in their platforms made available and require different account minimums and transaction fees. Before starting off on a trading platform, investors should create a budget for their investment life. Traders should establish how much capital they would like to invest; how much they are willing to pay for fees and what their long-term trading goals are.

Choosing A Live Forex Trading Account

Foreign-exchange trading is the process of buying and selling world currencies the most liquid market place in the world. Forex trading is unique in the fact that individual investors can compete with large hedge funds and banks with the use of a live trading account. Generally, there are three main types of trading accounts made available—standard, mini, and managed. Each account will come with its own advantages and disadvantages and which type of account is best suited will be dependent on the investor themselves. The standard trading account is the most common account on offer and gives the user access to standard lots of currency each worth $100,000. Secondly, a mini trading account is a trading account which allows traders to make transactions using mini lots. A mini lot is equal to $10,000, or one-tenth of a standard account. Lastly, Managed trading accounts are forex accounts in which the capital is that of the traders but the decisions to buy and sell are not. Account managers will handle the account on the investors behalf.

Forex Trading Platforms generally on offer by Brokerage Firms

Forex trading is performed online via an electronic trading platform which will come with a traders chosen account. Traders may be curious as to what the best Forex trading platform is. The trading software industry is heavily dominated by MetaQuotes Corp. MetaQuotes Corp is the company behind MetaTrader 4 (MT4), which is the most popular software in the retail Forex market – globally! Whilst MetaTrader 4 is the dominant choice for many professional traders, there are other options available.

MetaTrader platforms are the most common trading platforms on offer. The two primary choices of the trading platform currently offered by MetaQuotes Corp – MetaTrader 4 and MetaTrader 5.

MetaTrader 4

MetaTrader 4 is a trading platform specifically designed for FX trading. MetaTrader 4 offers a range of features, including 1-click trading, Lots of available Expert Advisors, over 50 indicators, Pending orders, Limit orders, Multi charting and Nine different time-frames.

MetaTrader 5

MetaTrader 5 is quite similar to MetaTrader 4, aside from being slightly faster, supports more types of orders, comes with a larger number of indicators and added additional features.

Other Trading Platforms include cTrader, NinjaTrader and eSignal.

Conclusion

FINRA is committed to the welfare of their clients and choosing a Broker which falls under this regulation is seen as a safe choice to make.

FAQs

What is FINRA?

FINRA is the Financial Industry Regulatory Authority, Inc. which is an independent organization who regulates brokerage firms and exchange markets.

What does FINRA do?

FINRA ensures a safe trading environment in the USA ensuring that financial organizations in the country are up to scratch.

Are FINRA regulated brokers safe?

FINRA may not be a government-based organization, but FINRA regulated brokers are still seen as a safe trading option.

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Table of Contents

Written by:

Louis Schoeman

Edited by:

Skerdian Meta

Fact checked by:

Arslan Butt

Updated:

May 27, 2021

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