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Finding a good Trading broker in the United States shouldn’t be too difficult, right? With trading Stocks, Crypto, and Forex being the most active financial market and the US economy the largest in the world, there should be plenty of choices. Well, things get a little complicated here. Due to factors like trading costs and regulation, choosing the right trading broker sites isn’t as straightforward as you might think. Find out below what to look out for when picking the right broker in the United States.
just as the team at StocksJar.com considers multiple variables in whether we should recommend a particular US Trading broker sites , as a US trader you should also employ a thorough analysis considering numerous factors. Whilst we do a lot of challenging work for you, here is a checklist you can employ for yourself.
1. Trading Costs: Spreads, Commissions, & Leverage
2. Account Types
3. Minimum Deposit
4. Trading Apps
5. Customer Service
6. Inactivity fee
7. Regulation and security
If you are being offered services from a US online trading broker, they must be regulated by the Commodity Futures and Trading Commission (CFTC) and be a member of the National Futures Association (NFA). The NFA offers an online verification system called Background Affiliation Status Information Center (BASIC), where brokerage firms can be verified for having the necessary regulatory compliance and approval.
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