So there are 14 forex brokers left in the US that are registered with NFA, according to what I read here. Back in Oct 2008, there were 29.
Of the 14 US-brokers registered with NFA, a good number of them had introduced MT4 platform. Many months back, there were fewer. Here is a table to list which of these brokers have MT4 and which do not have MT4 platforms.
| NFA registered FX brokers | Platforms | UK Operations with MT4 |
| IBFX | MT4 | |
| FXCM | MT4, Trading Station, Active Trader | Yes |
| MB Trading | MT4, MBT Navigator | |
| Alpari | MT4 | Yes |
| PFG | MT4, Best Direct, FX Express, ProTrader | |
| Gain | MT4, ForexTrader | Yes |
| Ikon | MT4, Tradeview | |
| Oanda | FXTrade, FXGame | |
| Forex Club | ExpressFX, ClassicFX | |
| CMS FX | VT Trader | |
| GFT | Dealbook360 | |
| FX Solutions | GTS | |
| IG Markets | PureDeal, L2 Dealer | |
| Easy Forex |
Some questions on your mind:
1. What about others not in the list eg FXDD? The answer is: they are not registered NFA members (yet).
2.What about this-and-that platform that xxx-broker has? This is not a comprehensive list. I just want to highlight those who have MT4 platform and with the no hedging rules by NFA, you can’t execute hedging on MT4.
3. What about no hedging on other platforms besides MT4? I have no idea because I only use MT4. But it should apply nevertheless.
4. Why talk so much about MT4? It is the fastest growing platform, with the most number of forums on it. It is also an easy-to-use platform and many are attracted to it because of the Expert Advisers (EAs) you can write to automate your trading strategy. Read more here.
5. What is the last column for? Well. if you must hedge and you are stuck with MT4, get out of the US and go somewhere, like in column 3!
Lastly, I am not a customer of every single broker listed here, and so my knowledge of them is based very much on what you can find and read on the Internet and their websites.
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