Trading forex from the United States: what's different?
US residents can't use most of the world's retail CFD brokers, which changes everything about platform choice, leverage and product availability. Traders elsewhere rarely understand the constraints.
US members: what do you trade and with whom? What did you wish you'd known about US rules when you started?
The trading forex in the US guide explains the regulatory landscape.
Background: Trading forex from the United States: leverage limits, FIFO and no CFDs
US retail forex traders work under different rules from almost everyone else. Who can offer accounts, what the NFA's rules mean in practice and why offshore offers are risky.
Can Americans trade forex?
Yes, through brokers registered with the CFTC and members of the NFA. US rules limit leverage, don't allow hedging and require first-in, first-out closing.
What is the FIFO rule in forex?
Under NFA Compliance Rule 2-43(b), US retail forex positions in the same pair must be closed in the order they were opened, and hedged positions in the same pair aren't allowed.
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