Mostly because Dodd-Frank Act in the US requires that Forex brokers that want to attract US citizens must be registered with NFA & CFTC. Many international forex brokers find this costly and difficult.Many of them are also not willing to be registered by the two bodies in the US .(Read more: http://corpgov.law.harvard.edu/2014/04/03/dodd-frank-rules-impact-end-users-of-foreign-exchange-derivatives/)
What is Dodd-Frank Act? The Dodd–Frank Wall Street Reform and Consumer Protection Act (Pub.L.
Best Forex Broker For Americans/Europeans - TOP RECOMMENDATION
111–203, H.R. 4173; commonly referred to as Dodd-Frank) was signed into federal law by President Barack Obama on July 21, 2010 at the Ronald Reagan Building in Washington, DC. Passed as a response to the Great Recession, it brought the most significant changes to financial regulation in the United States since the regulatory reform that followed the Great Depression.
It made changes in the American financial regulatory environment that affect all federal financial regulatory agencies and almost every part of the nation's financial services industry.
Offshore forex brokers that still accept US Clients: