Forex Brokers USA

The US has one of the largest forex trading populations in the world and also some of the largest forex brokers USA trading platforms. For this reason and more, the average trader has open access to more platforms than their counterparts in other parts of the world. So if you are based in the US, you will be spoilt for choice as to the best brokers to open an account with.

However, not every broker is reliable or offers the best service that will serve your purpose. That is why it is in your best interest to be very careful when making your selection among the long list of forex brokers USA.

Top USA Forex Brokers List

Broker
Rating
Regulated
Min. Deposit
Demo
Max. Leverage
1.
easyMarkets

CySec, ASIC, BVI

Min $100 Deposit

1:30

Review » Visit » Visit
Terms & conditions apply
Your capital is at risk.
2.
LegacyFX

CySEC, VFSC, NBRB, FCA

Min $250 Deposit

1:200

Review » Visit » Visit
Terms & conditions apply
Your capital is at risk.
3.
FXCC

CySEC, FCA

Min $100 Deposit

1:500

Review » Visit » Visit
Terms & conditions apply
Your capital is at risk.
4.
Admiral Markets

FCA, CySEC, ASIC

Min $100 Deposit

1:500

Review » Visit » Visit
Terms & conditions apply
Risk warning: Trading Forex (foreign exchange) or CFDs (contracts for difference) on margin carries a high level of risk and may not be suitable for all investors. There is a possibility that you may sustain a loss equal to or greater than your entire investment. Therefore, you should not invest or risk money that you cannot afford to lose. Before using Admiral Markets UK Ltd, Admiral Markets Cyprus Ltd, Admiral Markets AS Jordan Ltd or Admiral Markets Pty Ltd services, please acknowledge all of the risks associated with trading.
5.
Deriv

VFSC, FSC, IBFC

Min $5 Deposit

1 000:1

Review » Visit » Visit
Terms & conditions apply
CFDs are considered complex derivatives and may not be suitable for retail clients. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The products mentioned here may be affected by changes in currency exchange rates. If you invest in these products, you may lose some or all of your investment, and the value of your investment may fluctuate. You should never invest money that you cannot afford to lose and never trade with borrowed money.
6.
ActivTrades

FCA

Min $100 Deposit

50:1

Review » Visit » Visit
Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
7.
Vantage FX

FCA, ASIC, CIMA, SIBL

Min $200 Deposit

500:1

Review » Visit » Visit
Terms & conditions apply
Trading Forex and CFDs involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary.
8.
XM Broker

ASIC, IFSC, DFSA, CySEC

Min $5 Deposit

500:1

Review » Visit » Visit
Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.28% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
9.
Blackbull Markets

ASIC, VFSC

Min $100 Deposit

500:1

Review » Visit » Visit
Terms & conditions apply
Risk Warning: Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money you cannot afford to lose. You should make yourself aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any questions or concerns as to how a loss would affect your lifestyle.
10.
Fusion Markets

ASIC, VFSC

Min $100 Deposit

500:1

Review » Visit » Visit
Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Best Forex Brokers USA Reviews

To help you out, we have reviewed some of the best ones on the platform. So please do have a look.

Forex.com

forex.com Logo

In terms of the platform that we rate as the best overall, that status goes to Forex.com. This platform is a subsidiary of a publicly-traded company called StoneX and is one of the best brokers in the US. Forex.com is regulated by the National Financial Agency and the CFTC. In total, it has submitted to the regulations of 6 major jurisdictions worldwide, making it one of the most regulated but also secure platforms in the world.

Their platform has excellent tools, and as far as educational materials go, it has one of the largest online training libraries in the world loaded with webinars, video tutorials, articles, and any other kind of training material you can think of that users can leverage to improve their skills. All it takes to open an account is $50, and you pay zero commission to make withdrawals.

Forex.com Logo

Min $100 Deposit

Regulated By: FCA, IIROC, JFSA, NFA, CIMA, FSA, ASIC, CFTC

Foundation Year: 1999

Headquarters: New Jersey, United States


Terms & conditions apply
Please note that foreign exchange and other leveraged trading involves significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary.

CedarFX

CedarFx Logo

Another forex broker USA that is not very popular outside the US is CedarFX. This broker is known for offering traders some of the best ultra-low spreads in the business. Their pricing schedules and trading technology are also one of the best, even better than more popular platforms. With high liquidity and low volatility market conditions, traders who use CedarFX are able to grow their accounts by placing winning trades.

Currently, CedarFX offers traders two types of trading accounts. The first is the zero commission account (Which attracts no commissions) and the eco account (which attracts commissions). You can trade up to 170 different assets using the available platforms, and one of them is MetaTrader 4. The minimum account opening amount is $250, and they have up to 87 different currency pairs.

Regulators: CFTC

IG Markets

IG Broker

Another excellent platform that has gained national acceptance among US traders is IG Markets. This broker operates a platform that is arguably the best for trader execution. Going long or short on IG Markets is very easy, and we find it to be one of the most secured platforms ever. Despite having their own unique platform, they also offer third-party platforms like ProRealTime and MetaTrader4, which broadens the options customers have.

They also give traders access to use APIs to improve their trading experience. IG Markets has about 80 different currency pairs available for trading, and the minimum account opening deposit is $250 minimum.

IG Logo

Min $250 Deposit

Regulated By: ASIC, FCS, MAS, FINMA, CTFC, JFSA, FCA

Foundation Year: 1974

Headquarters: London, ‎United Kningdom


Terms & conditions apply
Your capital is at risk.

Interactive Brokers

Interactive Brokers Logo

Fourth on our list of the best forex brokers USA is Interactive Brokers. For years now, this broker has been providing traders access to up to 135 international markets worldwide. The broker is also subjected to massive oversight from US regulators, which is one reason why it is trusted by traders. If you choose to trade with Interactive Brokers, you can rest assured that your funds are in safe hands. Interactive Brokers is also one of the best platforms for advanced brokers with proven years of trading experience.

The platform has advanced tools for trading, and more importantly, they charge zero dollars as commission fees if you buy US-listed ETFs and stocks. Interactive brokers is also active in more than 33 different countries too where they offer their brokerage services. As far as their trading platform goes, US traders and traders in most parts of the world where forex trading is legal can use it. This broker offers forex traders up to 47 different currency pairs, and the minimum account opening is $50.

Interactive Brokers Logo

Min $200 Deposit

Regulated By: SEC, FINRA, FCA, NYSE

Foundation Year: 1978

Headquarters: Connecticut, ‎United States


Terms & conditions apply
Your capital is at risk.

eToro

eToro Logo

Are you a beginner with limited experience trading forex? Do you want a platform with user-friendly tools? If the answers to these questions are yes, then eToro is your best bet. This platform is one of the best platforms in the US for beginners, and they have one of the most effective copy trading tools we have seen. They also provide beginners with insight from some of the most experienced traders on the list so you can follow their trades as you develop your skills.

eToro also has excellent educational materials that you can use to leverage your skills. Their multi-asset trading is also quite commendable. Also, their social trading platform is one of the best online today. There are more than 2000 tradable assets you can trade on, and the minimum account opening deposit is $50.

eToro Logo

Min $200 Deposit

Regulated By: FCA, ASIC, CySEC

Foundation Year: 2006

Headquarters: London, ‎United Kningdom


Terms & conditions apply
67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Conclusion

Brokers regulated by the US authorities are some of the safest and trusted brokerage platforms online. All the forex brokers USA reviewed in this article are safe and offer the best trading tools to help you place winning trades online. Before forex brokers can accept US based cleints, they must become liecenced by the Retail Foreign Exchange Dealer (RFED) financial regulatory body. Brokers should also be regulated by the National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC) as a Futures Commission Merchant (FCM). We recommend the US traders to follow the CFTC twitter page, @CFTC to stay updated. Also check out the National Futures Association webpage on Wikipedia.

Forex Brokers USA FAQs

Do US registered forex brokers only offer their services and platforms to US citizens?

No, their platforms are not only offered to US citizens. Despite operating from the US, many of these brokers offer brokerage services to clients and traders in many other countries across multiple continents.

Do I have to be in the US to trade on the platform with a US broker?

Not at all. You can access most of these platforms from any other part of the world as long as two conditions are in place. Firstly, you need access to the internet. Secondly, forex trading must be legal in your country.

What is the minimum deposit to activate a trading account?

The minimum deposit varies from broker to broker. Some brokers will accept deposits of $50, while others will only accept $100 or $200 or more.

How long does it take to open a trading account?

It takes less than five minutes to open a trading account with many forex brokers USA. However, do note that the verification process may take some more time since it is done in stages.

Do all brokers have educational tools on their platform?

Yes, they do. All brokers have one form of educational materials or the other to help you improve your trading skills. Brokers like eToro and Forex.com have rich training portfolios

About James Johnson
About James Johnson

Expert in Economics, Trading, Investments and Personal Finance. Graduated in 2001 in Business Economics and Management at Harvard University. After several years of working in the foreign exchange trading industry, I co-founded Forex Online Brokers in 2015 with the aim of distributing my personal knowledge and professional experiences in the field of trading and investments in general.