Best US30 Forex Broker eToro
Top US30 Forex Brokers are:
eToro - Biggest copy trading community in the world (over 3,000 verified investors with copiers)
OANDA - Best for trading with advanced technical analysis tools (TradingView charts support)
IG Markets - Favorable Forex trading conditions (0 fees, avg. EUR/USD spread - 0.8)
Trading.com - Farouble Forex trading conditions (leverage up to 1:50, 70+ currency pairs)
FOREX.com - Diverse range of tradable assets (80+ currency pairs)
Interactive Brokers - Best broker for international investors (assets from 33 countries, 150+ markets)
The US30, also known as the Dow Jones Industrial Average, is a popular stock market index that tracks the performance of 30 of the largest publicly traded companies in the United States. It is considered a bellwether for the overall health of the US economy and is widely followed by investors around the world.
Traders can gain exposure to the US30 index through various financial instruments, including futures contracts and CFDs. These derivatives allow traders to speculate on the price movements of the index without having to own the underlying stocks.
Traders Union has prepared a list of Forex brokers that offer trading on US30 under favorable conditions and are regulated accordingly. In this comprehensive guide, we will delve into the world of US30 trading, exploring effective strategies, risk management techniques, and essential indicators.
Warning:
There is a high level of risk involved when trading leveraged products such as Forex/CFDs. Between 65% and 82% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
| Brokers | Platform | US Indices | Index ETFs | All trading assets | Regulation | |
|---|---|---|---|---|---|---|
MobileTrading, WebTrader |
Currencies, assets of stock and commodity markets, cryptocurrencies |
CySEC, FCA, ASIC |
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WebTrader, MetaTrader4, Mobile platforms, MetaTrader5 |
FX, Indices, Bullion, Commodities, Crypto |
FSC (BVI), ASIC, IIROC, FCA, CFTC, NFA |
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MetaTrader4, API, ProRealTime, IG Trading Platform |
Forex; CFDs on indices, commodities, and stocks; |
FCA, BaFin, ASIC, MAS, CySec, FINMA, BMA, CFTC, NFA |
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MT5 |
Currency pairs (57), CFD on shares (1200+), commodity group (8), indices (14), metals (2), energy resources (5) |
FCA, CFTC, NFA |
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FOREX.com, MT4, MT5 |
Forex, cryptocurrencies, indices, commodities, stocks |
CIMA, FCA, FSA (Japan), NFA, IIROC, ASIC, CFTC |
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Trader Workstation, IBKR Mobile, APIs |
Stocks, options, futures, currency, metals, bonds, ETF, mutual funds, CFD, EPF, Robo-portfolios, hedge funds |
SEC, FINRA, SIPC, FCA, NSE, BSE, SEBI, SEHK, HKFE, IIROC, ASIC, CFTC, NFA |
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Active Trader Pro |
Shares, commodity assets, exchange-traded (ETF), mutual and investment funds, options, futures, bonds, annuities, fractional shares |
US Securities Commission (SEC), SIPS |
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Thinkorswim |
Over 70 currency pairs |
FINRA, SIPC, CFTC, NFA |
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MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader |
Forex (currency pairs), ETFs, index CFDs, oil CFDs, CFD on European and U.S. stocks, real securities |
FSC |
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Pocket Option, MT5, MT4 |
Binary options and CFDs on currency pairs, cryptos, indices, stocks, and commodities |
MISA |
The eToro broker was founded in 2007. The company promotes itself as a social trading platform working with traders from over 140 countries. The broker has several divisions operating under different jurisdictions and licensed by different regulators. For example, eToro (Europe) is licensed by the Cypriot regulator CySEC (109/10) and eToro (UK) is licensed by the British regulator FCA (583263). The broker also has a representative office in Australia and the USA. eToro Profile Details
👍 Pros
• the minimum transaction amount for copying is $1;
• handy functionality for passive investing;
• regulated by independent monitors;
• it is possible to purchase contracts for fractional shares (that is, to invest amounts less than the cost of one share);
• it is possible to buy shares at once (not CFDs) on the US stock exchanges.
👎 Cons
• high spreads;
• periodic technical failures in order execution;
• lack of the most popular platforms such as MetaTrader 4 and MetaTrader 5 in Europe and the CIS;
• no access to ECN systems, orders are processed only according to the STP (straight-through processing) scheme with access to specific liquidity providers;
• there is a commission for withdrawing funds;
• impolite support staff;
• inconvenient website.
| 🚀 Minimum deposit: | $100 |
| 💻 Trading platform: | Mobile Trading, WebTrader |
| 💱 Spread: | From 2 points |
| 📊 Accounts: | Standard and demo |
| ⭐ Trading features: | Cryptocurrency trade; Structural investment portfolios; Copy Portfolios; Trading Central. |
The name OANDA is an acronym for “Olsen & Associates” or “Olsen AND Associates”. It is registered in the United States and provides its clients with a wide range of financial services in most countries of the world. The company was founded in 1996 and is currently regulated in four jurisdictions. The main regulator of the broker is the UK Financial Conduct Authority (FCA). Oanda Canada is licensed by IIROC. The company has several significant awards to its credit, including a victory in the category "Best Forex Trading Technologies" from the UK Forex Awards, "Best Trading Platform" from FX Week, as well as "Best Customer Service" from the US Foreign Exchange Report.
👍 Pros
• Minimum deposit from 1 dollar.
• A large selection of the most popular trading instruments.
• Several reliable and reputable financial regulators.
👎 Cons
• Inconvenient and poorly functioning site.
• Lack of cent accounts.
• Lack of bonus programs.
| 🚀 Minimum deposit: | |
| 💻 Trading platform: | WebTrader, MetaTrader4, Mobile platforms, MetaTrader5 |
| 💱 Spread: | From 0 points |
| 📊 Accounts: | Standard, Core, Swap-free, Premium, Premium Core |
| ⭐ Trading features: | Advisors; Availability of a demo account; A large number of training materials. |
IG Markets has been providing brokerage services for retail traders since 2014. It was established in 1974 in London to work with professional traders. It is a part of the IG Group with representative offices in 17 countries. IG Markets stocks are traded on the London Stock Exchange as a part of the FTSE 250 index. The broker is regulated by FCA (Financial Conduct Authority | the UK), CySec (Cyprus Securities and Exchange Commission), ASIC (Australian Securities and Investments Commission), BaFin (the Federal Financial Supervisory Authority | Germany), FINMA (Swiss Financial Market Supervisory Authority), and NFA (National Futures Association). The IG Group global representative office is supervised by BMA (the Bermuda Monetary Authority). The broker provides services of trading Forex and different CFDs through MetaTrader 4 and its in-house platforms for retail and professional traders.
👍 Pros
• Regulated activities and participation in compensation funds;
• No minimum deposit requirements when opening an account with the international division;
• Leverage is available for trading currencies and CFDs;
• Wide range of trading assets and markets;
• Fee rebates for new and active existing clients with large trading volumes;
• Floating spreads from 0.6 pips for retail Forex traders;
• Bonuses for new clients and partnership programs for different client categories.
👎 Cons
• The broker can reject opening accounts to traders with low capital or insufficient knowledge of derivatives trading;
• Deposits and withdrawals can’t be made with e-wallets, electronic payment systems, or cryptocurrencies;
• Trading conditions differ for various countries, so you have to look for the broker’s website in your country.
| 🚀 Minimum deposit: | $1 |
| 💻 Trading platform: | MetaTrader4, API, ProRealTime, IG Trading Platform |
| 💱 Spread: | From 0.4 points |
| 📊 Accounts: | Demo and CFD |
| ⭐ Trading features: | Leverage depends on the instrument and the regulator; |
Trading.com is a UK broker whose full name is Trading Point. Previously, it was called XMUK, but in 2019 it was rebranded and the company began to operate under its new title: Trading.com. The company offers to trade six asset classes such as currency pairs, metals, as well as CFDs on stocks, stock indices, commodity futures, and energy resources. More than 1,250 assets are available in total. The main office is located in London, the broker is regulated by the FCA (Financial Conduct Authority), and its registration number 705428.
👍 Pros
• Favorable trading conditions - average spreads in major pairs are 0.6 pips.
• No commissions.
• Moderate requirements compared to the size of the minimum deposit. You can start trading when you deposit at least $5 to your account.
• MetaTrader 5 desktop and mobile platforms, as well as a web terminal, are available for trading.
• Reliable FCA regulation.
👎 Cons
• The broker only provides services to UK citizens.
• The absence of PAMM and MAM accounts for passive investing.
• The absence of bonuses, training programs.
| 🚀 Minimum deposit: | $5 |
| 💻 Trading platform: | MT5 |
| 💱 Spread: | From 0.6 points |
| 📊 Accounts: | Ultra-Low Standard, Ultra-Low Micro |
| ⭐ Trading features: | $5/month – payment for inactivity on the account |
Forex.com is a company owned by GAIN Capital Holdings, Inc. (NYSE: GCAP) and has earned a reputation as a reliable broker in the trading industry for its transparent work and high quality of services. The company cooperates with clients in 140 countries. The broker is registered in the Cayman Islands and supervised by CIMA (Certified Institute for Management Accountants). The license number is 25033. The parent company of the Forex.com broker is registered in England and Wales under the number 1761813 at the UK Companies House. It is licensed by one of the most reputable regulators in the world, FCA (No. 113942).
👍 Pros
• average rate of order execution is 0.04 ms;
• reliability is controlled by several regulators so customer funds are kept on separate accounts from the company's assets;
• attractive trading conditions are tight spreads on over 90 assets, including currency pairs and metals, and over 4,500 markets, including FX, indices, commodities, stocks, and cryptocurrencies.
👎 Cons
• poor quality of site optimization, little specifics in the descriptions of services, tabs at the top of the page do not work. To find the information you have to use a tab called "Sitemap";
• it is difficult to contact the support service due to its high workload;
• large fixed commission for withdrawing funds;
• high initial deposit, it starts from $1,000;
• there are few options for depositing and withdrawing funds, the terms rarely correspond to those stated.
| 🚀 Minimum deposit: | $1000 |
| 💻 Trading platform: | FOREX.com, MT4, MT5 |
| 💱 Spread: | From 0.2 points |
| 📊 Accounts: | Standard account, Commission account, Direct Market Access account (DMA) |
| ⭐ Trading features: | There is a cryptocurrency trading |
Interactive Brokers is among the best-known US investment companies, operating since 1977. The broker offers to trade currency pairs, but its basic instruments are stocks, CFD, indices, metals, ETF, futures, and other exchange market assets. You can also trade cryptocurrencies on Interactive Brokers. The company is regulated by the US Securities and Exchange Commission (SEC), the US Financial Industry Regulatory Authority (FINRA), the UK Financial Regulatory Authority (FCA), and other international financial regulation commissions. In 2020, the broker was awarded the "Best Online Broker” (Barron's) and "Best Broker for Economical Investments" (NerdWallet) titles and got five stars in the Online Stock Trading for Traders category (Canstar). Also, the broker is popular in other countries. Here you can read reviews of Interactive Brokers in Canada, Singapore, Australia, Hong Kong, Ireland.
👍 Pros
• wide range of training materials;
• access to 135 markets in 33 countries;
• a huge subset of trading instruments.
👎 Cons
• website interface is only partially translated into other languages;
• you have to pay for an inactive account;
• Support service does not work on Saturday and Sunday;
• long and complex registration procedure;
• no cent accounts for novice traders.
| 🚀 Minimum deposit: | |
| 💻 Trading platform: | Trader Workstation, IBKR Mobile, APIs |
| 💱 Spread: | From 0 points |
| 📊 Accounts: | Real, Demo |
| ⭐ Trading features: | Options, trading, CFD, ETF, EPF |
While the US30, or Dow Jones Industrial Average, is a popular index for traders worldwide, US-based traders have specific considerations when approaching it. Unlike in many other countries, Contracts for Difference (CFDs) are prohibited in the US. This means that US traders primarily trade the US30 through two avenues: futures contracts and index funds.
Popular Brokers for US30 Trading
Several reputable brokers cater to US traders interested in trading the US30 index. These include:
eToro: A user-friendly platform offering commission-free trading of stocks, index ETFs, and copy trading.
Interactive Brokers: A well-established stocks and futures broker with a comprehensive trading platform and advanced tools for experienced traders.
TD Ameritrade: A popular choice for US traders, offering a wide range of investment products including index funds and futures.
The US30, or Dow Jones Industrial Average (DJIA), is a crucial sign of how the US stock market is doing. It represents 30 major American companies, giving a snapshot of the nation's economic health. Calculating the US30 involves adding up the stock prices of these companies, and adjusting for actions like stock splits. Selecting companies for the US30 carefully looks at factors like reputation and contribution to the US economy.
As one of the oldest and most closely watched indices globally, investors often rely on the DJIA to understand the overall performance of the US stock market and predict Dow Jones.
When venturing into US30 trading through Forex brokers, prioritize broker selection by opting for platforms that offer US30 as a trading instrument. Ensure the chosen broker is regulated by a reputable financial authority and provides competitive spreads along with flexible leverage options. Following the selection, proceed to open a trading account with the chosen broker and take the time to become familiar with their platform, ensuring efficiency in executing trades.
Grasp the fundamentals of the US30 index, representing 30 major American companies. Stay informed about economic data, corporate earnings, and geopolitical events influencing US30 movements.
Clearly outline your trading goals – whether seeking short-term gains or adopting a long-term investment perspective. Align your strategies, risk tolerance, and time commitment with your defined goals.
Formulate a well-defined strategy tailored to US30 trading. Consider the popular strategies mentioned below. Leverage both technical and fundamental analysis to establish clear entry and exit points.
| Strategy | Key Features |
|---|---|
|
Identify and follow prevailing market trends using indicators like moving averages. |
|
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Breakout Trading |
Capitalize on price movements when the market breaks significant support or resistance levels. |
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Capture short- to medium-term price movements within an overall trend using chart patterns and indicators. |
|
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Scalping |
Execute numerous small trades throughout the day to capitalize on minor price fluctuations, relying on technical analysis tools and real-time data. |
Implement risk management techniques like setting stop-loss orders and using trailing stops. Diversify your portfolio to mitigate potential risks associated with specific trades.
Experts recommend a strategic approach to US30 trading, as outlined in the below-discussed strategy. The table below highlights the purpose of each key indicator in the strategy
| Indicator | Purpose |
|---|---|
|
EMA Crossover |
Signals bullish trends on the EMA crossover, validated by MACD. |
|
MACD Confirmation |
Validates bullish or bearish signals based on EMA crossovers. |
|
RSI Filter |
Identifies oversold or overbought conditions for refined trade entries. |
For a bullish setup, traders are advised to seek an EMA crossover, validated by MACD, coupled with RSI in oversold conditions. Entry points are strategically chosen near support levels or during pullbacks after confirmation.
Conversely, traders are encouraged to wait for an EMA crossover confirmed by MACD in a bearish setup, with RSI signaling overbought conditions. Execution of entries is recommended near resistance levels or amid pullbacks post-confirmation.
The US30, or Dow Jones Industrial Average (DJIA), is popular due to its representation of the US stock market's performance, reflecting trends in major American companies.
A good spread for US30 varies among brokers, but generally, lower spreads are preferred for cost-effective trading.
Yes, US30 can be suitable for day trading, given its liquidity and volatility, allowing for short-term profit opportunities.
Yes, it’s possible. While MT4 itself doesn't directly offer specific trading instruments, brokers can configure it to support various assets, including US30. Most brokers from our rating provide US30 trading through MT4.
Parshwa is a content expert and finance professional possessing deep knowledge of stock and options trading, technical and fundamental analysis, and equity research. As a Chartered Accountant Finalist, Parshwa also has expertise in Forex, crypto trading, and personal taxation. His experience is showcased by a prolific body of over 100 articles on Forex, crypto, equity, and personal finance, alongside personalized advisory roles in tax consultation.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).
