Editor’s Verdict
Overview
Review
Headquarters | United States |
|---|---|
Year Established | 2009 |
US Persons Accepted? |
The Forex Trading USA website appears to welcome all comers to the world of Foreign Exchange trading. This company, based in Miami, Florida, also appears to exist mostly in the present, based on the “About Us” tab accessible from their home page. We are assured there that “The Forex Trading USA team is made up of professionals with extensive experience in the fields of trading and investing.” That information is not really substantiated in any meaningful way.
Some confidence in the company’s claims might be gleaned from the fact that: “GAIN / Forex.com acts as the clearing agent and counterparty to Forex Trading USA's margined forex transactions. GAIN / Forex.com is a registered Futures Commission Merchant (FCM), regulated by the Commodity Futures Trading Commission (CFTC), and a member of the National Futures Association (NFA).”
In keeping with an obvious orientation towards new Forex traders Forex Trading USA offers both free training in Forex and a free 30-day demo account with up to $50,000 virtual cash, 100:1 leverage and a 100k-lot size. A 10k lot size is offered to those who wish to experiment with a lower amount of virtual capital at risk. A robot account is also offered, that does all the work for you.
The Company offers 24-hour trading with a customer support line. The Forex Trading USA platform appears to be exclusive to the company. The Java-based program uses Sun's Java Runtime Environment (JRE). First time users of the software may need to install the JRE before attempting to login to the platform.
One account option that isn’t always available elsewhere is offered by Forex Trading USA. That is the “managed” Forex account. This type of account offers an investor who does not have time to trade, the opportunity to participate in currency trading through a surrogate. Forex Trading USA does acknowledge that this option may not work for everyone. A managed Forex account is appropriate for those who want to participate in the forex market without having to trade yourself. There is low minimum investment when using a managed account. Forex Trading USA has representatives available to help you set up your managed account. In addition to the managed accounts, Forex Trading USA created the Introducing Broker Program. This program is for experienced traders or finance companies wanting to increase their revenue. It is easy to sign up on their website and once your form is processed, Forex Trading USA contacts you to help you establish and brainstorm ways to create your own brokerage business.
Trading Platform
