US Friendly Forex Brokers

Due to the recently approved Dodd-Frank Act, many forex brokers have decided to pull back out of the US markets and not to accept US customers anymore. This includes foreign forex brokers, many of whom made the decision to pull back from the US retail forex market to avoid possible legal issues. 

Since October 18th, foreign affiliates of US based brokers can only serves as counterparties to US retail customers if they themselves are registered with the CFTC (Commodity Futures Trading Commission). That would also mean complying to the new CFTC leverage rules,  that have set maximum leverage for US retail clients at 50:1 (20:1 for minors).

From July 2011 on, foreign banks will also no longer be permitted to serves as counterparties for US retail forex clients. 

These rules may change again in the future, but for now they cause both U.S based forex brokers and foreign forex brokers to pull back out of the US retail markets. 

Below is a list of forex brokers that are still US friendly.

Note: If you know of other forex brokers that are US friendly, or found that a broker mentioned in the list below no longer accepts US clients, please let us know by leaving a comment below.  

List of US Friendly Brokers

Red = recently stopped accepting U.S. customers

Blue / linked = still accepting U.S. customers and offering a nice bonus; click the link for more info

 

AAAFX (reportedly this broker is no longer serving US customers)

Arab Financial Brokers

Askobid.com

Broco 

Dukascopy (reportedly this broker is no longer serving US customers)

E-global

FBS (reportedly this broker is no longer serving US customers)

Fin FX 

Forex Club --> $100 - $200 bonus, NFA regulated (Forex Club review)

Forex4You (reportedly this broker is no longer serving US customers)

FOREX MMCIS:

Forex Metal --> up to $3,000 bonus (Forex bonus review)

FXCBS 

FXM Trade 

FXOpen (reportedly this broker is no longer serving US customers)

FXPro (reportedly this broker is no longer serving US customers)

GotMoneyFX (reportedly this broker is no longer serving US customers)

Hotforex (reportedly, USA is no longer option when filling out application; select 'other', then no problems)

Instaforex (reportedly this broker is no longer serving US customers)

InvestTechFX - Canada (reportedly this broker is no longer serving US customers)

InvestorEurope.com (reportedly this broker is no longer serving US customers)

Liteforex --> (reportedly this broker is no longer serving US customers)

Loyal Forex (British Virgin Islands)

LucrorFX (New Zealand)

MF Financial - UK

Marketiva --> $5 forex no deposit bonus fore new traders (Marketiva bonus review)

Paxforex --> $100 no deposit bonus for new traders (Paxforex bonus review)

PipFixed (Panama)

PrimeBank Forex (reportedly stopped operating) 

Renesource Capital (Latvia)

Real Forex

Rexfo (qualify as 'elective professional', and min. deposit $10,000)

RVMarkets

SHKdirect (Hong Kong)

Sparenfx (reportedly this broker is no longer serving US customers)

Tadawul FX (reportedly this broker is no longer serving US customers since July 18th 2011)

The Collective FX Global (Belize)

Traders Trust (Cyprus) (reportedly this broker is no longer serving US customers)

United World Capital (reportedly this broker is no longer serving US customers)

UpFX (Seychelles)

Windsor Direct (reportedly this broker is no longer serving US customers)

Vantagefx (reportedly this broker is no longer serving US customers)

XoomForex (Cyprus)