If you’ve arrived at this page after searching for ‘Social Trading USA’ or have came via the homepage because you’re a US resident, your in the right place.
That said, unfortunately social trading isn’t allowed for residents of the USA, but there is a very viable alternative that we will discuss further down.
So how come I can’t trade on a social network? Well this is because the main regulatory board – SEC (U.S. Securities and Exchange Commission) has prohibited this type of trading due to the way social trading platforms execute trades. On eToro for example, a user trades using CFD (Contracts for Difference) and this form of trading is currently not allowed. We say ‘currently’ as we do know that this is being reviewed and hopefully this will change in the near future.
Social trading alternative for US residents
So it’s not social trading, but it’s a solid alternative for those who want to trade. FOREX.com is largest and most trusted FX trading platforms in the US, where you can trade currency, metals and futures markets but without being able to copy other traders. That said, this shouldn’t a be problem for most people who can read the markets themselves. It’s free to sign up and you also get a free demo account to practice on with no obligation before you trade for real. As an alternative it’s actually a really good option.
- Highly Regulated
- Competitive pricing
- #1 US FX Broker
- Award winning platform