A reader has asked: I am looking for US Forex Brokers that allow US 30 or Dow Jones 30?
Answer: I think that am right in assuming that you are either a US citizen or are an ex-pat that’s resident in the USA? Either way, you wouldn’t be able to deal in leveraged products such as CFDs through a UK or European provider thanks to a combination of rules and regulations.
However, there are a number of US Forex brokers that you would be able to trade through, the most obvious of which is Interactive Brokers which was established in the US way back in 1984.
They offer index futures on the Dow30, the S&P 500 and the Nasdaq 100 indices as well as on leading European and the Asia Pacific equity indices. What’s more, you can also trade a wide range of equity-related Futures and Options contracts through Interactive brokers, not to mention an FX offering that covers 23 different currencies.
Interactive Brokers has its own online trading platforms for desktop or mobile and they have very competitively priced commission schedules.
Other US-based forex broker that offers indices trading is Forex.com (owned by StoneX) and Plus500 which offers on-exchange index futures.
With over 35 years of finance experience, Darren is a highly respected and knowledgeable industry expert. With an extensive career covering trading, sales, analytics and research, he has a vast knowledge covering every aspect of the financial markets.
During his career, Darren has acted for and advised major hedge funds and investment banks such as GLG, Thames River, Ruby Capital and CQS, Dresdner Kleinwort and HSBC.
In addition to the financial analysis and commentary he provides as an editor at GoodMoneyGuide.com, his work has been featured in publications including Fool.co.uk.
As well as extensive experience of writing financial commentary, he previously worked as a Market Research & Client Relationships Manager at Admiral Markets UK Ltd, before providing expert insights as a market analyst at Pepperstone.
Darren is an expert in areas like currency, CFDs, equities and derivatives and has authored over 260 guides on GoodMoneyGuide.com.
He has an aptitude for explaining trading concepts in a way that newcomers can understand, such as this guide to day trading Forex at Pepperstone.com
Darren has done interviews and analysis for companies like Queso, including an interview on technical trading levels.
A well known authority in the industry, he has provided interviews on Bloomberg (UK), CNBC (UK) Reuters (UK), Tiptv (UK), BNN (Canada) and Asharq Bloomberg Arabia.
You can contact Darren at darrensinden@goodmoneyguide.com
