The United States has one of the strictest regulatory environments in the world for all types of financial services providers. This also includes forex brokers, and it is the reason why many international brokers don’t even accept US residents as clients. As a US resident, your options are therefore often limited to forex brokers based in the United States.
US-based forex brokers are overseen by a large number of regulatory agencies. Among these are the Commodity Futures Trading Commission (CFTC), the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA), and the National Futures Association (NFA), to name a few.
According to the latest rules, NFA-regulated brokers may only offer leverage of up to 1:50 to retail clients.