Hi @sebastiano
While it may seem as if all the restrictions are placed on traders, this would be a misconception. For example, the CFTC and NFA set the requirements brokers must meet in order to offer forex trading to US residents. Though not an exhaustive list, this membership application will give you an idea of some of those requirements: Compliance Requirements for Retail Foreign Exchange Dealer (RFED) Applicants | NFA
Actually, the reason only four firms are currently approved as forex dealer members as of the latest data from the CFTC is precisely because the standards to be a US-regulated broker are so rigorous both for financial transparency and for accountability regarding the price where each customer transaction is executed. Unregulated brokers don’t have to meet any of these standards.
On the contrary, consider this excerpt from the CFTC website:
The final rules include financial requirements designed to ensure the financial integrity of firms engaging in retail forex transactions and robust customer protections. For example, FCMs and RFEDs [futures commission merchants and retail foreign exchange dealers] are required to maintain net capital of $20 million plus 5 percent of the amount, if any, by which liabilities to retail forex customers exceed $10 million. Leverage in retail forex customer accounts will be subject to a security deposit requirement to be set by the National Futures Association within limits provided by the Commission. All retail forex counterparties and intermediaries are required to distribute forex-specific risk disclosure statements to customers and comply with comprehensive recordkeeping and reporting requirements.