XTB Broker Review - Proprietary trading technology and great conditions

xtb.com
nika
Written by:
Av
armand
Calendar
Written on:
26 June 2022
Date
Last edit:
26 July 2023
Our rating:
8

8

User rating:
7.3

7.3

XTB Broker Review - Proprietary trading technology and great conditions

xtb.com
nika
Written by:
Calendar
Written on:
26 June 2022
Date
Last edit:
26 July 2023
Our rating
8

8

User rating
7.3

7.3

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money
See how XTB compares to it's closest alternatives.
Compare

Main summary

With over 15 years of experience in the financial markets, XTB is easily one of the largest listed Forex and CFD brokers around the world. The broker is known for providing millions of retail traders instant access to hundreds of markets while guaranteeing the highest safety and security standards. 

Being established in the United Kingdom, the Forex broker has grown to become a leader around the world. It has official representation in over 13 countries around the world, including Poland, Germany, France, and Chile among others. 

The Forex broker is regulated in several different jurisdictions by leading regulatory agencies. This includes the FCA of the UK, CySEC of Cyprus, KNF of Poland, and IFSC of Belize. Thanks to these licenses, XTB is able to provide services to millions of traders around the world. They offer traders access to hundreds of trading markets and allowed traders to enjoy a 24/7 multi-lingual customer support team.

In today's review of XTB, we are going to discuss all the important factors that traders should know about this brokerage. So, follow our detailed review and find out exactly what you should know about this broker.

Here Are the 9 Pros and Cons

  • Regulated in six jurisdictions
  • Offers access to MetaTrader 4 and custom xStation
  • Rich and very useful educational material for traders
  • Offers access to over 4,000 trading assets
  • No fees on deposits
  • Fast and digital account opening/verification
  • Offers real stocks and ETFs for some EU countries
  • Charges inactivity fee
  • The portfolio is mostly limited to CFDs

XTB Fact sheet

Main features
Regulations Belize, Cyprus, Poland, UK
Fees on deposits 0 USD
Fees on withdrawal 0 USD
Inactivity fees 10 USD per month after 12 months of inactivity
Minimum deposit 0 USD
Minimum account activation 0 USD
Number of available assets 2200
Leverage up to 1:500. For UK and EU clients maximum leverage is 30:1
Available trading markets CFDs on Stocks, Commodities, Cryptocurrencies, ETFs, Forex, Indices
Account currencies USD
Demo account Yes
Live account types Standard
Islamic account Yes
Security
Negative balance protection Yes
Part of compensation fund Yes
Keeps funds on segregated bank account Yes
Assets
Forex 57 available pairs
Shares 0
Cryptocurrencies 51
Indices 41
Commodities 27
Total 2200
Fees & spread
Forex From 0.5 pips. No commission charged
Shares N/A
Cryptocurrencies From 0.22%. Target spreads on Bitcoin 0.22% - 0.35%
Indices From 0.002. 0.6 Target spread on US500
Commodities From 0.4
Software
Platforms xStation 5
Mobile trading support Yes
Mac device support Yes
Commodities Yes
Payment systems
Payment methods Bank Transfer, Credit/Debit Card, Neteller, Skrill, paysafe, safetypay
Minimum deposit Bank Transfer, Credit/Debit Card, Neteller, Skrill, paysafe, safetypay. Credit card options are free. E-wallet methods charge 1%+ per transaction.
Minimum withdrawal Bank Transfer, Credit/Debit Card, Neteller, Skrill, paysafe, safetypay. Withdrawals of less than 50 USD will be charged an additional commision of 30 USD.
Withdrawal processing time Instant. Withdrawals take up to 1 Business day
Time to open an account -
Show all

Safety & Security of XTB

Everyone can agree that safety and security is the most important concern for Forex traders. When trading Forex, it is very important for traders to ensure the safety of their investments in the market.

XTB broker review.png

There are different things that can guarantee the safety and security of traders. The first and probably the most important factor that can enhance the safety of your funds is to only trade with regulated Forex brokers. 

XTB is one of the Forex brokers that is regulated by several agencies around the world. This guarantees the highest safety and security for the clients of the broker. Because there are so many regulatory agencies that have licensed XTB, it is able to ensure that traders' funds’ are kept safe at all times. 

Among the regulatory bodies that have licensed XTB are the agencies such as 

  • Financial Conduct Authority of the UK, FCA; 
  • Cyprus Securities and Exchange Commission, CySEC; 
  • Belize International Financial Services Commission, IFSC; 
  • Polish Securities and Exchange Commission, KRWiG; 
  • Dubai Financial Services Authority, DFSA; 
  • Dubai International Financial Center, DIFC; 
  • Financial Sector Conduct Authority of South Africa, FSCA.

Because the Forex broker is regulated by so many agencies around the world, it is capable of guaranteeing the safety and security of its clients. In addition to this, so many regulators allow the Forex broker to offer services throughout the world. 

However, there are several countries from which traders can’t use the services of XTB. Among these countries are the United States and Australia as the broker is not regulated in these countries. 

Policies that XTB follows

Because the broker is regulated by so many authorities, it must adhere to a variety of standards in order to maintain the highest level of client protection. These policies are designed to ensure that traders' individual rights are protected at all times.

Negative balance protection is one of the policies followed by XTB. The goal of this policy is to keep traders from losing more money than they can afford. Traders that use leverage may lose a significant amount of money at times. Traders should not forget the nature of Forex leverage - while it can help traders enhance their profits, it can also increase the chances of losing more money.

When you utilize negative balance protection, the broker automatically closes your positions when your account balance approaches zero. As a result, you will never lose more money than you have available on your account, ensuring that your balance will never fall below zero and go into negative territory which can be very dangerous for traders.

Client deposits are also kept in separate bank accounts by XTB. This ensures that traders will always be able to access their funds, regardless of what goes wrong with the broker. Due to account segregation, you will be able to withdraw your funds even if the broker goes bankrupt.

The broker has worked with prominent banks all around the world to offer the best level of security for your assets.

Apart from this, XTB is also a member of the Compensation Funds, to ensure traders against hacking and other such bad acts.

Trading Assets Offered by XTB

There are over 4,000 assets available for the clients of XTB. This means that the clients of the broker can easily find something that they are looking for. XTB is an excellent broker for those who wish to trade multiple assets from a single account. You can trade Forex, cryptos, indices, stocks, commodities, and more with this broker.

Trading on XTB is usually done through CFDs, or Contracts for Differences, which are very useful instruments for traders who wish to make money without having to invest directly in different assets.

CFDs allow traders to basically speculate on market price fluctuations. For example, let's say that you have decided to trade with crypto CFDs, it means that you won't have to worry about where to store your digital tokens. 

Forex trading on XTB

Forex trading is the world's largest financial market by far. According to some estimates, the Forex trading market's average daily turnover is around $6 trillion. This is not surprising, given there are always people in different regions of the world who need different currencies and have to exchange them. This means that there is always some kind of demand for currencies around the world, which makes it the most liquid market globally. 

Trading Forex on XTB can be a great option for traders around the world. The Forex broker offers clients access to over 48 currency pairs, which include major, minor, and exotic currency pairs. This Forex broker has worked with the largest and best-known banks to provide traders with the industry's most competitive spreads and highest liquidity possible.

On XTB, the Forex trading leverage is 1:30. This is in accordance with current global Forex trading regulations. Local regulatory agencies in Europe and Australia prohibit allowing leverage greater than 1:30 in order to protect traders. The spreads traders have to pay will vary depending on the account type you're using. 

Spreads for major pairings start from as low as 0.1 in most cases. Also, depending on your location, you might be able to use higher leverage, which can go up to 1:400. Currency pairs can be traded on XTB 24 hours a day, five days a week. The broker also offers micro lot trading to Forex traders.

Stock trading on XTB

Over 2100 shares of top corporations are accessible for trading on XTB. Here you can trade stocks using CFDs. The broker's clients have access to shares from all around the world, including Australia, the United States, the United Kingdom, Germany, and many more.

Clients can also trade outside of business hours allowing traders to potentially make a profit from both pre-market and after-hours prices. XTB clients can trade stocks with a leverage of up to 1:20. 

At XTB, commissions on stock CFD trading are extremely low, allowing traders to make the most out of their investments. While real stocks are not available for everyone, there are some European countries where XTB offers real-stock trading. Investing in real stocks can be a huge advantage for many traders.

Indices trading on XTB

Indices are one of the many assets that can be traded on XTB. There are many traders who like to trade indices, especially those who like to get exposure to larger markets with just one investment. When you trade an index, you have the opportunity to gain exposure to the whole market.

Indices combine various types of equities into a single asset, allowing traders to make more diverse and safer trades. The indices are comprised of several stocks. For example, some indices are made up of equities representing specific countries, while others are made up of companies representing specific sectors of the economy.

Traders can receive rapid access to the global stock markets by trading indexes on XTB. There are more than 20 indices that can be traded by the clients of the broker with a leverage of up to 1:20.

Cryptocurrency trading on XTB

Cryptocurrencies have become one of the most popular assets in the world over the last several years. Today, you can trade cryptocurrencies in a variety of methods, but CFDs have become increasingly popular.

This is due to a number of factors. First and foremost, using CFDs for crypto trading is a fantastic method to profit from the market without having to worry about holding your funds in a crypto wallet. 

This happens because you are not dealing with crypto assets directly when you trade crypto CFDs. Simply put, you're predicting how the price of the underlying asset will move and make decisions according to this prediction. If your prediction is correct, you will make profits. This also allows you to bet against cryptos, not just buy them and hope they go up.

Cryptocurrencies can be traded 24 hours a day 7 days a week and XTB allows traders to invest in over 10 cryptocurrencies, for example, BTC, ETH, DOGE, and many others. The trading costs for cryptocurrencies are very low at XTB, starting at just 0.22 percent.

Commodities trading on XTB

Commodities have long played a huge role in people's lives throughout history. They have actually been traded for much longer than any other instrument. Clients of XTB can access both soft and hard commodities through its trading platform. Hard commodities are those that should be mined, whereas soft commodities are those that are produced as a byproduct of agricultural activities.

Gold, silver, platinum, crude oil, cocoa, wheat, and many other commodities are available for trading on XTB. The leverage for commodities can go up to 1:500, however, keep in mind that there are some leverage restrictions depending on your location. 

Account Types Available for Traders on XTB

XTB offers a variety of account options. These accounts were developed to ensure that traders of all types could find something that would fit their individual needs the best. 

While there are some Forex brokers available in the market that offer a more diverse array of account types, the ones offered by this broker should be enough for individual traders to make the most out of the Forex trading market as well.

To assist you in determining which account is best for you, we've broken down each possible choice below. 

Pros & cons of XTB account types

ProsCons
Accounts available for both retail and professional tradersThe list of accounts is not very diverse
There is an Islamic version of the accounts offered by XTBThere is no micro account version
Traders have to deposit as much as they want to create a live account 

XTB Demo Account

If you are a complete novice in the Forex trading market and have little to no trading experience, you should begin your journey with XTB by using the demo account. XTB's demo account can be opened in a matter of minutes and without difficulty.

You will be able to access the Forex trading market, but only in a demo version, and only once you have created a demo account. This means that you will be trading with virtual money rather than your own real-life funds. Traders can use this virtual money to experiment with various trading techniques and styles to see which one works best for them.

Contrary to popular belief, a demo account is not just for newcomers as it may be quite beneficial to experienced traders as well. This is due to a number of factors. First and foremost, traders of all levels of experience can use a demo account to better understand the broker's products.

Furthermore, experienced traders can use demo accounts to test new trading ideas and tactics and evaluate how they would perform in the market without risking their own money.

Traders can utilize the XTB demo account for as long as they like. If you run out of virtual money, you may always request more from the broker.

XTB Standard Account

The Standard account of XTB is called standard for a reason - it offers services that can fit the interests of most different types of traders. Standard account holders have access to all available trading assets, including Forex, commodities, indices, cryptos, stock CFDs, ETFs, and more. 

The spreads on this account start at 0.5, and the leverage can go up to 1:500, depending on local regulations in your country. Traders have access to MT4 and xStation platforms with this account. Setting up the account is completely free. 

Those who open this account have the opportunity to trade using micro-lots, which makes it a perfect fit for beginner traders. If you have just started trading currency pairs and you have recently finished using the demo account, it might be a great idea to move on to using the micro lot version of the standard account. This way, you will be able to get used to the feeling of trading with real-life funds.

XTB Pro Account

Are you one of the traders with years of experience in the market? Are the offerings of the standard account not enough for your needs? Don’t worry about it, there is a special offer awaiting you on XTB. 

With this account type, traders will be able to enjoy super-low spreads, which start from as low as 0.1 pips. You will also be able to trade using micro lots and you will have access to the xStation and MetaTrader 4 platforms.

XTB Islamic Account

For traders who follow the Quran's teachings and want to trade Forex without going against their religious beliefs, the XTB Islamic account can be a perfect solution. Participating in activities that entail dealing with interest rates is forbidden under Sharia law, according to the Quran.

When trading Forex, you must pay swaps if you open a position and leave it open overnight. However, you won't have to deal with these interest rates when you use this type of account. It's also known as a swap-free account because users don't have to worry about paying swaps when keeping positions open overnight.

Getting started on XTB - Main steps

There are a few things you'll need to do to get started with XTB. To make this procedure go more smoothly, the broker has implemented some cutting-edge technology that allows traders to swiftly join the market. In general, starting to trade on XTB should not take more than a day.

We'll walk you through all of the steps you'll need to take to get started with XTB in the sections below. Let's have a look at these steps one by one.

Step 1: Open an account

The first step is to try to focus on what you require. This will allow you to determine which account best meets your needs.

Once you've decided what account option is best for you, it is time to get started with the registration process. All you have to do once you've gotten to the Forex broker's website is click the green Create Account button on the upper right side of the screen.

This will take you to a unique page where you can begin the registration process. Here you will enter your first and last name, email address, and phone number. After this, the broker will require you to provide more detailed information about yourself. 

The second part of the registration is a bit more time-consuming as it is associated with your providing a lot of information to the Forex broker. This includes detailed information about where you live, how much money you intend to use for Forex trading, where you got this money from, and so on. 

XTB open account.png

Step 2: It’s time for verification

Once you are done with the first step, you have officially progressed to the next step in the account creation process! This one can be a little more difficult than the first because it involves presenting documentation. However, keep in mind that this is done for your own safety and security.

The first step in verifying your account will be to validate your identity. A copy of some government-issued ID, i.e. a diverse license or a passport, will be necessary for this. After that, you'll be asked to confirm your location. The broker will require you to upload a copy of a utility bill or other official document showing your address from the previous three months in order to do so.

Once you do this, your account will be verified and you will be able to continue with the next step.

Step 3: Time to choose a platform

After you have verified your account, the broker will ask you which platform you would like to utilize. Make sure your selection is based on what you wish to exchange. If you only wish to trade currency pairings, then MetaTrader 4 might be a better choice.

If you are a trader who wishes to invest in a variety of markets and diversify your portfolio as much as possible, the XTB custom platform may be a better option. Remember that XTB also has web-based and mobile-based applications.

Step 4: Make your deposit

After you've completed the preceding stages, it's time to deposit funds. On XTB, there are a variety of payment options, choose the one that is most convenient for you.

You will be able to access your account from the trading platforms once you have deposited funds. There is no minimum deposit requirement on this Forex broker, which means that you can start trading with as much or as little money as you wish.

Step 5: Start trading

You have made it to your last step and now you are able to start trading. But, remember to not rush it, make sure that you are doing extensive and detailed market analysis before you make any decisions with your real-life money. 

You can start trading any of the currency pairs or assets you like with this Forex broker. But, make sure that you use all the charting and analytical capabilities that it has to offer. This way, you will be able to make the most out of your trading activities.

Fees & Commissions of XTB

The fees charged by XTB are quite reasonable. Their products are centered on market-level execution with tight spreads starting at 0.1 pips. The Forex broker also offers special bonuses and lower fees for active traders. XTB accounts have nearly identical features and benefits, with the exception of swap rates and spread levels, which vary between 0.35 and 0.28 pips for Standard and Pro accounts, respectively, with Pro account expenses payable as a commission of $3.50 per lot.

When it comes to the average costs charged by XTB, it can be said that everything is pretty much average for the general market. The fees are fairly competitive and inexpensive. In addition, both the Pro and Standard accounts provide favorable trading conditions for stock CFDs.

Comparing XTB fees with other brokers

It is true that XTB is one of the leading Forex brokers available in the market, but it is certainly not the only option that traders have. There are many other high-quality, leading brokers that offer traders a diverse array of assets that can be beneficial for traders of all different interests. 

To help you make a better decision on which broker to use, we have decided to provide one-to-one comparisons of XTB fees and other top Forex brokers. Take a look at our tables below and see how they differ from one another. 

XTB fees compared to Interactive Brokers fees

Type of FeeXTBInteractive Brokers
EUR/USD SpreadFrom 0.1From 0.6
Fees on DepositsNo1%
Inactivity feeYes, after 90 days, $10/mNo*

*Inactivity fee was eliminated by IB in 2021, it used to be $20/m

XTB fees compared to eToro fees

Type of FeeXTBeToro
EUR/USD SpreadFrom 0.1From 1
Fees on DepositsNo$5 on withdrawals
Inactivity feeYes, after 90 days, $10/mYes, $10/m

XTB fees compared to IG fees

Type of FeeXTBIG
EUR/USD SpreadFrom 0.1From 0.8
Fees on DepositsNoNo
Inactivity feeYes, after 90 days, $10/mYes, $10/m

XTB fees compared to XM fees

Type of FeeXTBXM
EUR/USD SpreadFrom 0.1From 0.6
Fees on DepositsNoNo
Inactivity feeYes, after 90 days, $10/mYes, $15 after 12 months, +$5/m

XTB fees compared to AvaTrade fees

Type of FeeXTBAvaTrade
EUR/USD SpreadFrom 0.1From 0.9
Fees on DepositsNoNo
Inactivity feeYes, after 90 days, $10/mYes, $50 after 3 months, $100 administration fee after a year

XTB fees compared to Capital.com fees

Type of FeeXTBCapital.com
EUR/USD SpreadFrom 0.1From 0.9
Fees on DepositsNoNo
Inactivity feeYes, after 90 days, $10/mYes, $50 after 3 months, $100 administration fee after a year

Trading Platforms of XTB Reviewed

You will spend the majority of your time on the trading platform whether trading Forex or any other asset. The reason is, trading platforms are where all of the trade takes place, but more than that, modern trading platforms provide traders with the ability to evaluate price changes using many indicators and tools.

Among the trading platforms available on XTB you can find MetaTrader 4, which is the most popular trading platform around the world. It was released in 2005 by a Russian company called MetaQuotes and it has forever changed the way people view the Forex trading market. 

MetaTrader 4 is able to provide traders with the opportunity to analyze the price movements in the market in a detailed manner and make predictions about future price movements easily. It also offers traders the opportunity to use Expert Advisors, simply known as EAs, to automate certain parts of the Forex trading market. 

Another trading platform available on XTB is the xStation, which is the custom trading platform of the broker. It is a very well-known trading platform that has managed to win numerous awards over the years. 

This platform comes with high-quality execution speeds that can help traders make the most out of the Forex trading market. It allows traders to have access to over 4,000 tradable assets and lets traders invest in stocks and ETFs. It comes with a very simple and easy-to-use design, which can be very useful for beginners.

Mobile Trading on XTB

This Forex broker also allows its clients to use the mobile trading platform, which can help you to always stay connected to the market. No matter what you do, if you have a mobile trading platform from XTB, it means that you will be able to trade Forex or any other assets available on the broker anywhere you go. 

XTB mobile trading.png

The mobile trading application is very user-friendly. You can easily do extensive and detailed market analysis while on the go. Although most traders prefer bigger screens to do their analyses, this is still a great tool to have at hand.

The main reason behind the popularity of mobile trading is that it allows individuals to stay connected with the Forex trading market, no matter where they are. 

Education and Research Tools

When trading Forex, you should be focused on your knowledge and understanding of the market as much as you can. There are different ways to learn more about how Forex trading works, and thankfully, you can also use the services of XTB to learn more about trading. 

There are numerous educational opportunities available on XTB, which allows traders to learn more about the Forex trading market and become more successful. This played a huge role in our XTB rating. 

The clients of the broker can take advantage of numerous different types of educational guides and detailed analytical articles. These can be used by traders to ensure they are able to understand all the important parts of the Forex trading market. 

Apart from this, traders are also able to learn more about the price movements in the market thanks to the updates and news articles posted by the broker very frequently. This can help traders stay in touch with the ongoing events in the Forex trading market and the financial world as a whole.

Customer Support of XTB

The customer support team of XTB is always ready to provide clients with high-quality and effective support. If you wish to contact customer support representatives, you can choose one of several available methods.

When you click the live chat option on the website of the broker, you are first offered the FAQ section, which is full of the most asked questions that might be able to answer your question. Then there is the live chat, which is very responsive and will give you answers to your questions in less than 3 minutes. 

XTB also allows traders to use other options to contact the customer support team. For example, there is an email option available for traders and also a special hotline. 

Conclusion

After a very detailed overview of everything that XTB has to offer, we are able to say that it is among the best Forex brokers available in the market today. The broker has a very long history of offering traders high-quality services and over the past years, it has managed to become a true leader around the world. 

Being regulated in so many jurisdictions makes XTB a great Forex broker to trade FX currency pairs with. It allows clients to trade thousands of assets without having to pay huge amounts of money in commissions, which gives traders the opportunity to use their money to its fullest.

7.3

7.3

Average based on 8 user reviews
Safety 7.50
Assets 7.75
Accounts 6.50
Fees 6.75
Desktop platforms 7.75
Mobile platforms 7.75
Education 6.50
Support 6.25
Have experience with XTB? Log in to leave a review
bailey.johnson reviewed 447 days ago
Live Less than a month experience, $1,000 - $5,000 account size
7.25

7.25

Good: Good alternative if you want to trade fx but avout metatraders
Pros
I'm was trying to find fx broker but one without metatraders. I can't understand how people use them. I was lucky to find this broker. I really like the xtrader.
Cons
So far nothing is bothering me about XTB
conrad.cash reviewed 447 days ago
no experience
8.38

8.38

Great: XTB is a "Special One"
Pros
Looks like a very solid platform with plenty to offer.
Cons
More educational content would be much appreciated
aubrey.hart reviewed 447 days ago
no experience
4.75

4.75

Average: Most poorly ran brokerage I have ever dealt with
Pros
I can not say anything here since I could not even open up an account
Cons
I was trying to open an account but was getting a message that XTB is not available in my country. I checked the list of available countries and my country was on the list. Support was not helpful at all, as they were as confused as I was
stan.pascall reviewed 447 days ago
no experience
8

8

Great: So this is where Mcregor was hiding
Pros
Regulated by reputable bodies. Spreads are really lit starting from 0.1 pips definitely good for scalping strategies
Cons
Customer support needs some improvements
turner.clay reviewed 447 days ago
Demo Less than a month experience
5.88

5.88

Average: Nothing special for me
Pros
Well, I only traded using demo, but I don't think there's anything special about this broker. There are lots of brokers out there with similar offerings.
Cons
I think there should be more educational material provided to beginners.
jenson.harris reviewed 447 days ago
Live 1-3 months experience, $1,000 - $5,000 account size
7.25

7.25

Good: Pretty solid overall, not too many gripes
Pros
A pretty good one from my experience. Withdrawals were easy to handle.
Cons
Charging an inactivity fee was never going to be a popular decision, guys.
guinevere.curry reviewed 447 days ago
no experience
9.63

9.63

Great: Broker for McGregor fans
Pros
If you are a Connor McGregor fan, then you should consider this broker. They have teamed up with McGregor and there is a less chance to scam you for sure.
Cons
Educational resources are scarce.
zeph.simon reviewed 447 days ago
Live 1-3 months experience, $1,000 - $5,000 account size
7.25

7.25

Good: Overall very good experience
Pros
Their customer support is really helpful and will do everything to help you out.
Cons
Nothing in particular

FAQs on XTB

What is the minimum deposit for XTB?

There is no minimum deposit on XTB. If you want to start trading with them, all you have to do is to go on the website of the broker, click the Open Account button, fill out the form, finish up the registration and deposit as much as you think is reasonable, then start trading.

Is XTB a good broker?

Yes, XTB is a very good Forex broker. Created in 2002, this FX brokerage has managed to grow a lot around the world and has managed to attract traders from hundreds of countries. What makes XTB a truly safe and secure brokerage is that it is regulated in nine different jurisdictions. The broker also offers traders access to thousands of trading assets.

Can I use XTB in the USA?

No, traders from the United States of America are not eligible to trade with this Forex broker. This is due to the local regulatory requirements and laws in the United States. Forex brokers that are not registered and regulated locally in the USA do not have the right to accept traders from the country.