It is a well-known fact that the forex market in the US is dominated by a few large and well-established forex brokers. The fact that a lot of these forex brokers are charging a high rate of fees and commissions has become a big concern for a lot of forex traders. However, not all brokers charge high rates of commissions and fees. There are a few forex brokers that are willing to take on new and inexperienced traders under their banner.

Mt. Gox:

There are a couple of forex brokerages that do allow you to trade with US clients. One of them is Mt. Gox which is considered one of the largest and oldest trading companies in the world. They have been accepting US clients for a long time and they are still one of the most preferred trading companies in this area.

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MT5:

Another of the US forex brokers that are willing to take on new clients is MT5. This is also one of the oldest and largest trading company in this area. Their business process is simple and efficient. The MT5 accepts US traders but certain requirements need to be fulfilled to get started.

You need to have a registered investment account with MT5. This can be done online or at any other US-based brokerage firm. They do not accept US clients directly. You need to open an account with MT5 and then you can access their forex platform and start forex trading.

These are some of the reasons why MT5 accepts US traders. Several other forex brokers do not have this privilege for their US clients. One of the best among them is BBVA. They are a bit more expensive than the other forex brokers. However, the service that they provide is simply fantastic. They have an excellent technical support team and they are very prompt in responding to all your queries.

You can access the MT5 website and learn about the trading platform. Once you know how it works, you will be able to understand the reason why it is so popular among forex brokers. There are some advantages that this trading platform offers US traders. Apart from the fact that it allows them to access the trading platform easily and quickly, it also allows them to trade in the forex market without the fear of losing their money.

MetaTrader Platform:

One of the most popular forex platforms is the MetaTrader platform. Several forex brokers do not allow traders from the US to trade on their platform. However, some of them are changing their rules recently and are allowing traders from the US to trade. You should check with the brokers carefully before you start to trade and make sure that they do accept US traders.

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Use the Internet to Find Broker:

The best way to find out about forex brokers accepting US traders is to use the internet. You can go online and look for online reviews and get advice from people who have used forex brokers. This is probably the best way of going about the process as you will get all the details about the platform from its various pros and cons. This will help you make a better decision about the platform. When you know more about the platform, you can make a better choice.

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Check out forex brokers thoroughly before you start trading. There is plenty of information available online about forex brokers and their services. Once you know the features that are available in a trading platform, you will be able to choose the best one for you. US traders can visit forex brokers’ websites to get more information about forex brokers.

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