Frequently Asked Questions

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General Questions

US Regulations

Broker Selection

Account Opening

Trading Conditions

Payment Methods

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Beginner's Guide

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Forex Glossary

Look up forex terms like pip, spread, leverage, and more.

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Free calculators for pip value, position sizing, and taxes.

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In-depth reviews of 22 forex brokers for US traders.

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Frequently Asked Questions

General Questions

What is Forex trading?

How does Forex trading work?

What are currency pairs?

What is a pip in Forex?

US Regulations

Is Forex trading legal in the US?

What is CFTC/NFA regulation?

Can US residents use offshore brokers?

What is the maximum leverage for US traders?

Broker Selection

How do I choose a reliable Forex broker?

What's the difference between ECN and Market Maker brokers?

Are demo accounts important?

What should I look for in trading platforms?

Account Opening

What's the minimum deposit to start trading?

What documents are needed to open an account?

How long does account verification take?

Can I have multiple trading accounts?

Trading Conditions

What is spread in Forex trading?

What is leverage and how does it work?

What are swap rates/rollover fees?

What trading hours are available?

Payment Methods

What deposit methods are available?

How long do withdrawals take?

Are there fees for deposits and withdrawals?