05 Feb 2021
Forex Trading in the USA - Legal status
Is Forex trading in the USA legal? Not sure what the legal status is for Forex trading within the US? Or have you been wondering How to start Forex trading in the USA? To discover more and have a break down of all of those answers to the questions Read more.
Is Forex Trading Legal in the US
The simple answer to the question is yes Forex trading in the US is legal, but it also comes with various differences as opposed to trading within any other continent in the world. The US has various different rules and regulations as opposed to other countries. So in answer to your first question – Yes you can trade forex legally with the USA.
When conducting your research to find if you can trade forex within the US you may have come up against various conflicting messages through various websites and platforms as to the legal status of trading forex within the US, as these legal changes are the major differences between the US forex trading market in comparison to the forex trading market across the rest of the globe.
Where the US trading market may seem slightly harder and challenging when you are just starting out and ready to explore but as we explain in further detail you will see in the steps that it is actually easier and simpler then you may initially think, subject to remembering the legal changes. A good point to keep in mind in regards to trading in the US forex market is that it is and can be just as straight forward once you have the right guidance as it is across the world.
Many people may have their own thoughts on forex trading and some have even described it as a form of gambling and believe that in some countries forex trading is in fact illegal but these statements could not be further from the truth. forex trading is in fact allowed in all countries where the currency is allowed (bank exchange offices, currency accounts etc). But forex trading is mainly used for serious purposes as a whole for individuals whether it is business purposes, international investments or importuning and exporting – the list is endless.
Fact: Forex trading is legal in all countries where the currency is allowed, which is why the forex market is the largest financial market in the world with a daily volume estimated according to Central Bank of FX and OTC of $6.6 trillion per day. With such a staggering volume there is no wonder the forex market is even greater than the stock market.
In this article, we have placed together and we have broken down in easy and simple terms how to trade within the US forex market, what the legal status is of the US on forex trading and how to start your journey trading forex in the US with some added extras that will benefit your journey in-between including Top US forex brokerage platforms to where you stand being a US and Non-US citizen wishing to invest in the US forex market.