These rules were introduced following the 2008 crash and crippled the retail forex trading industry. Most of the rules which triggered the consolidation were introduced with the Dodd-Frank Act, which brought a lot of new rules affecting all areas of the capital markets sector in the United States. The regulatory environment in the United States is particularly harsh to brokers and traders alike.
What Caused the Consolidation of the US Retail Forex market? Moreover, the consolidation left only the most established and well-capitalized forex brokers in the game, who have the funds to develop their own in-house trading platforms. By those ratios, it’s not surprising that none of the active US Forex brokers offers cTrader. In the United States, the number of brokers accepting retail accounts is in the single digits. Consolidation of the US Retail Forex Trading IndustryĬTrader, in the grand scheme of things, is not offered by so many brokers, when considering there are thousands of forex brokers in Europe, Australia and offshore and only around 50 of those offer cTrader. But why is that? Why can’t US traders open an account and trade on cTrader? We are happy to shed some light on this sad situation. The sad answer which is echoed by the cTrader team is a sad no. They want to know about the availability of the cTrader platform to citizens and residents of the United States. Is cTrader Available for Forex Traders in the United States?Īre you looking to use cTrader in the United States? Unfortunately, many traders in the United States are asking the same question in online forex trading forums and across cTrader’s social network pages.