com does offer account holders the option to trade on its own in-house platforms, the real draw is MetaTrader 5. The successor to popular platform MetaTrader 4, MT5 offers traders an environment fully optimised for algorithmic trading.

The platform has capacity for charts with 21 time frames, as well as 80 technical analysis tools. Users have access to a curated marketplace of custom-built and off-the-shelf trading robots, but can also code their own expert advisors specifically for use on the platform. Note, however, that trading bots and EAs written for use with MT4 will not transfer to MT5 due to a difference in programming language.

com is an excellent option for cost-conscious traders looking for low trading fees, competitive spreads and a powerful platform to support algorithmic trading strategies. For most American traders, eToro offers a single account option for trading cryptocurrency: Standard. Residents of some states, however, may find themselves eligible for only a virtual account due to regulations on cryptocurrency trading. The eToro Standard account uses a dealing-desk model, and variable spreads start at 1.

Costs associated with trading stocks and ETFs are competitive, however, and carry no commission. Stock traders can buy and sell fractional shares commission-free. Another unique eToro feature?

This broker allows traders to fund their accounts with popular cryptocurrencies, such as ETH, BTC and XRP. eToro does not offer account holders the option to trade via a desktop platform.

Nor does the broker support third-party integrations for either MetaTrader 4 or MetaTrader 5, which limits the use of expert advisors and other trading bots. For casual or beginner traders interested in exploring day trading and those who prefer to trade only crypto, eToro has much to offer. Regulatory restrictions and a limited range of trading platforms and tools may render it less appealing to experienced traders and those interested in a wider range of assets, however. US residents can trade forex with a regulated forex broker.

There are seven brokers in the USA that are CFTC regulated including OANDA, IG, Forex. com, TD Ameritrade and Interactive Brokers. Our comparison found OANDA has the best offering with a details explanation provided in the OANDA section.

TD Ameritrade is the most trusted broker based on market share. Our TD Ameritrade section reviews the broker in more detail. Our team at Compare Forex Brokers believes regulation is one of the most important factors when assessing US FX brokers. Forex regulation in the United States is unanimously understood to be the most stringent regulatory framework in the world. The strict rules that govern the financial services offered by the US Forex brokers give US traders the following advantages:.

Below, our team of investment professionals has outlined the major regulatory entities in the USA that supervise the financial markets, including Forex brokers. In the United States, there are two financial watchdogs responsible for providing the regulatory framework for US-based Forex brokers:. All US and overseas Forex brokers that intend to service US residents must register with the CFTC and NFA at the same time.

Both regulatory bodies work together to protect US traders. The NFA is a self-regulatory organization SRO founded in as a CFTC committee but became an independent registered futures association in The National Futures Association began its regulatory operations in On the other hand, the Commodity Futures Trading Commission CFTC was established in by the US Congress.

The CFTC is the ultimate regulatory body in the USA governing the Forex market. There are two major bills that provide the legal framework that constitute the rules regarding FX trading:. Below, our team of industry experts ranked the best CFTC and NFA regulated brokers in the USA. This evaluation accounts for their modus operandi, trading platforms, range of currency pairs, spreads, total costs of trading, customer support, and much more.

Our experts at Compare Forex Brokers have hand-check for accuracy all the data provided through the Forex brokers USA Review. We used our proprietary star scoring system to rank US FX brokers.

Our methodology took into consideration factors such as:. The heavily regulated environment in the USA due to the CFTC rules and strict requirements has narrowed the brokerage options in the US. However, individual US traders have the option to also trade through offshore brokers that are not subject to the CFTC rules. The number of offshore Forex brokers accepting Americans is also very limited. It also comes with several risks due to the lack of regulation.

Risk Warning: Forex trading and trading on margin come with a high level of risk. Trading high-leveraged products may not be suitable for all investors, as you might lose all your money. Make sure you understand how forex trading works before putting your funds at risk. I noticed that other sites list a lot more forex brokers for US traders compared to this list. Why is that? If you are in the USA, then you must choose a forex broker that is regulated by the Commodity Futures Trading Commission CFTC or the National Futures Association NFA.

Residents of the USA cannot legally trade with a broker that does not have this regulation. Most likely these other websites are including brokers that are not regulated by the CFTC or NFA, so cannot legally offer their services to US residents. Hi Kelsey — The regulators in the USA- the NFA and NFTC forbid the trading of CFDs. You can trade using spot prices however. If you are forex trading with a broker regulated by NFA or NFTC the main regulators in the USA then you can trade with a maximum leverage of when trading spot forex.

Excellent broker comparison analysis. Do you have any background info regarding trading. com which launched its NY operation around February and is one of the few Forex brokers supporting the MT5 trading platform? com but we are planning to start adding them to some of our American review pages. com at first glance appears to be a decent broker and MetaTrader 5 is an excellent platform. Keep an eye on our US pages over next few weeks as we add the,.

We use cookies to ensure you get the best experience on our website. By continuing to browse you accept our use of cookies. Best Forex Brokers In USA Low Spread Forex Brokers Low Commission Forex Brokers Best Offshore Forex Brokers Best Forex Demo Account High Leverage Forex Brokers. Best Forex Trading Apps Automated Forex Software Micro Currency Platforms Best Copy Trading Platform Best MT4 Forex Brokers Best MT5 Forex Brokers.

OANDA Review Interactive Brokers Review AvaTrade Review Forex. com Review Eightcap Review Fusion Markets Review. Home » Trading » Best Forex Brokers USA.

Written by Justin Grossbard Written by Justin Grossbard Co Founder. Edited by Laura Wolfe Edited by Laura Wolfe. Reviewed by Riley Adams Reviewed by Riley Adams Senior Trading Editor. Fact Checked We double-check broker fee details each month which is made possible through partner paid advertising. Learn more this here. Best Forex Brokers USA List The top CFTC regulated US forex brokers are.

OANDA — Top US Forex Broker For USA Traders IG — Best Forex Broker For Beginners Forex. com — Has Tight Spreads TD Ameritrade — Great Forex Broker US Based Customer Support Interactive Brokers — Has Low Trading Fees Nadex — Only Broker To Offer Forex Options Trading.

com — Best Metatrader 5 Forex Broker. Visit Site. Our Rating. Review Of OANDA. Review Of IG. com review. TD AmeriTrade Review. NFA or CFTC USA. Commissions USD Base.

Minimum Deposit. Swap Free Account. No Inactivity Fees. Funding Methods. No Funding Fees. Currency Pairs. Index CFDs. Share CFDs. Commodities CFD. Retail Max. Leverage USA. MetaTrader 4 MT4. MetaTrader 5 MT5. Proprietary Platform. Automated Trading. Standard Stop Loss. Guaranteed Stop Loss. Demo Account. The below list, look at the best regulated brokers offering trading services to the US market.

OANDA Is the Top Forex Broker For USA Traders OANDA is a leading global market maker that ranks in our top US FX brokers list for their no minimum deposit policy, comprehensive support for MetaTrader 4, round-the-clock customer support and competitive trading costs. OANDA Minimum Deposit and Account Funding At OANDA, US residents can fund their live accounts via debit card MasterCard, Visa or Discover , bank transfer, check USD and automated clearing house ACH.

IG Is A Good Forex Broker for Beginners With over 45 years of experience in the foreign exchange market and over , retail client accounts worldwide, IG Group is one of the largest forex brokers operating on US soil. com Has Tight Spreads Forex. Key Strengths: Sophisticated technical trading tools Great variety of currency pairs Fast trade execution STP and top of the book spreads View Forex.

com Trading Accounts and Products Forex. Trading Products with Forex. com Forex. com Trading Platforms Forex. com: Our Final Verdict An easy-to-navigate trading environment, low trading costs and numerous trading platforms from which to choose make Forex. TD Ameritrade Has Great Customer Support TD Ameritrade is a multi-asset broker that ranks in our top US forex brokers list due to their outstanding customer support.

At TD Ameritrade, US traders have direct market access to a wide variety of financial instruments, including: 70 major and minor currency pairs ETFs 37, mutual funds 10 precious metals and commodities Cryptocurrencies TD Ameritrade Trading Platforms TD Ameritrade offers account holders the option to trade via a professional-grade terminal: thinkorswim.

Available in desktop, web and mobile formats, thinkorswim provides many of the same features as MetaTrader 4, as well as some important extras: Depth of Market views technical indicators 20 drawing tools The broker also provides award-winning customer service.

TD Ameritrade: Our Final Verdict Overall, TD Ameritrade is geared more towards professional traders. Nadex Trading Platforms Traders who require powerful support like advanced charting, technical indicators and sophisticated drawing tools might find the NADEX platform a bit bare bones. Nadex: Our Final Verdict Traders interested in learning more about exotic derivatives and options contracts can do so on NADEX with the peace of mind that comes from trading with a regulated platform.

com Is the Best MetaTrader 5 Broker For algorithmic traders and others who rely on expert advisors to manage their trading activity, MetaTrader 5 has much to offer.

Key Strengths: Straightforward trading environment Round-the-clock, live customer support Wide range of available instruments to trade Trading. com Trading Accounts and Products Opening a trading account with Trading. Rather than finding the cheapest one try to look for the best one for you. Beacuse brokers importance and functionality changes from country to country. We can help you how to decide good a good broker.

As per your country FOREX rule and regulations, it should be legit. We will give you signal as per GMT and at most important we give ADVANC ALERT for every signal so that you can put an alarm in your mobile for you to trade because we work round-the-Globe.

SO, least matter that what broker you use, what country you are in and what platform you trade on. Our Signals will give you what we commit.

Select from the best of these brokers like OANDA, Forex. com Gain Capital , TD Ameritrade, Interactive Brokers, and ATC brokers. With over 20 years of investing experience and 10 years of trading, Justin co-founded Compare Forex Brokers in He has worked within the foreign exchange trading industry for several years and for several of the largest banks globally.

Justin achieved Honours in Commerce and has a Master's degree from Monash University. He also owns Innovate Online offering digital marketing services with over 20 employees.

Laura is a freelance content writer focused on financial and legal technology, decentralized finance, cryptocurrency and related topics. Prior to beginning her writing career, she worked as an international disputes lawyer specializing in finance and construction cases in Paris, New York and Dubai. She holds degrees in law from Queen Mary University of London in Paris LLM and New York University School of Law JD , as well as assorted other diplomas in Literature, French and Philosophy from New York University MA and the University of Georgia - Athens BA Hons.

As a Senior Financial Analyst for Alphabet with an active CPA, Riley has a vast amount of financial knowledge. He has a Master's Degree in economics at Penn State University and a B. He also owns the website Young and the Invested providing investing advice for young individuals. Fact Checked. Our forex comparisons and broker reviews are reader supported and we may receive payment when you click on a link to a partner site.

Choosing a forex broker requires a reasonable amount of thought. Considerations to keep in mind are trading costs, platforms and products such as Forex, shares, indices and commodities. CFD products are not available is not available for US traders, instead brokers facilities spot trading meaning you buy and sell the underlying instrument. Having CFTC or NFA regulation means the broker can legally offer financial trading services to american traders.

OANDA is a leading global market maker that ranks in our top US FX brokers list for their no minimum deposit policy, comprehensive support for MetaTrader 4, round-the-clock customer support and competitive trading costs.

Key Strengths:. At OANDA US, the price you see on the feed is the price at which your order gets filled. There are no re-quotes. OANDA customers have a wide range of supported funding currencies at their disposal including USD, EUR, GBP, CAD, AUD, HKD, JPY, SGD and CHF.

At OANDA, US residents can fund their live accounts via debit card MasterCard, Visa or Discover , bank transfer, check USD and automated clearing house ACH. On the other hand, withdrawing funds can only be done via debit card and bank wire transfer. For those who prefer the Meta family of trading platforms and tools, OANDA allows MetaTrader 4 users to access additional tools, including advanced indicators, mini charts, alert trading, EAs, alert trading and one-cancels-the-other orders, keyboard trading and tick trading via MetaTrader Premium.

For automated trading, OANDA offers US traders a private API, OANDA v20 REST, which allows for automated trades via the OANDA Trade platforms. With over 45 years of experience in the foreign exchange market and over , retail client accounts worldwide, IG Group is one of the largest forex brokers operating on US soil.

Trading with IG US comes with several advantages for those new to trading. There is no minimum deposit requirement to open an account, however traders must meet margin requirements to take a trading position. Leverage with IG extends to the maximum permitted by the Commodities Futures Trading Commission CFTC and the National Futures Association NFA : for major currency pairs, and for minor pairs.

Due to state-level regulatory restrictions, IG US is not available to residents of Arizona or Ohio. At IG, US clients can enjoy competitive spreads across over 70 currency pairs including:. Professional traders and casual investors agree that IG offers first-in-class proprietary trading platforms for web, mobile and tablet.

From remarkably comprehensive market research to advanced charting capabilities — 20 drawing tools and 32 indicators — IG has every tool a trader might need coupled with the power a forex specialist could want in a single platform. com takes first place as the lowest of the low-spread US forex brokers thanks to spreads as tight as 0. A no-dealing-desk model and straight through processing STP execution accounts enable the broker to process trades at market prices, which translates into tight spreads compared to no commission based trading account.

View Forex. com offers an impressive variety of account types, more than any other brokerage we reviewed. The Standard and MetaTrader 4 accounts charge no commission or funding costs and offer a minimum spread of 1. Both are good options for discretionary traders. MetaTrader 4 accounts have access to the MetaTrader 4 trading platform, while Standard account holders will execute trades via Forex. The Commission and STP Pro Account types boast impressively tight spreads suitable for system traders: 0.

As a retail trader, the commission account is likely to be the account you will be using. While the STP Pro account spreads are slightly lower than the commission account, this account allows you to save on commissions through the use of tiered commissions. Tiered commissions means the more volume you trade the previous month, the larger the discount in commissions the next month. com stands out amongst the lowest spread US forex brokers for the variety of trading products available in the US, with nine major currency pairs, plus gold and silver, index futures and futures options.

com account holders have access to an impressive array of trading platforms. At the Commission and STP Pro account levels, however, Forex. com offers a more limited range of trading platform options. STP Pro accounts run only on Forex.

An easy-to-navigate trading environment, low trading costs and numerous trading platforms from which to choose make Forex. com a good choice for intermediate and advanced traders hoping to control costs without sacrificing a quality trading experience. TD Ameritrade is a multi-asset broker that ranks in our top US forex brokers list due to their outstanding customer support. With over 40 years of experience providing trading services, TD Ameritrade is one of the largest broker-dealer firms in the US.

The brokerage manages over 11 million trading accounts holding more than USD 1 trillion in assets and processes , orders on a daily basis. US-based forex traders will need to open a Standard account with TD Ameritrade. This dealing-desk account offers a variable spread that starts from 1. At TD Ameritrade, US traders have direct market access to a wide variety of financial instruments, including:. TD Ameritrade offers account holders the option to trade via a professional-grade terminal: thinkorswim.

Available in desktop, web and mobile formats, thinkorswim provides many of the same features as MetaTrader 4, as well as some important extras:. The broker also provides award-winning customer service. Live operators, many of whom are traders themselves, stand ready to assist with technical problems, trading strategy issues and account funding difficulties, no matter where you are in the world. Overall, TD Ameritrade is geared more towards professional traders. However, US retail traders can also benefit from the multi-asset thinkorswim platform, which is rich in technical tools.

This brokerage offers a solid selection of assets to trade, as well as comprehensive analysis, research and charting tools. For daytraders and those new to forex trading, Interactive Brokers offers the IBKR Lite account.

The broker does act as a market-maker, however trades bypass a dealing desk in favor of 17 forex-dealing banks. Variable spreads are exceptionally tight as a result and start from just 0. Interactive Brokers also charges a commission for round-turn trades of a standard lot, depending on volume.

Opening an IBKR Lite account can take a bit more time than with other top forex brokers, but does not require a minimum deposit. In addition to over currency pairs, Interactive Brokers provides the opportunity to trade options, bonds, stocks, futures, commodities, mutual funds and crypto.

Each platform includes powerful trading tools, such as FX Trader and advanced algorithms. IB Smartrouting aims to improve execution speed. Daytraders interested in trading stocks, mutual funds or cryptocurrency also have the option to trade via IBKR Global Trader or Impact.

The latter focuses on socially responsible investing. The first financial services platform of its kind to be licensed by the Commodities Futures Trading Commission and the National Futures Association, NADEX is currently the best, safest way for forex traders to experiment with options contracts.

The underlying instruments for each contract are priced based on COMEX and NYMEX futures. NADEX offers a simple, easy-to-understand trading fee structure for each of its three contract types. If the contract is question is a binary option expiration contract, however, and the trader is out of the money upon expiration, NADEX charges no fee.

Positions for each of the three contract types are capped: 2, for binary options, for call spreads and for knockouts. Currently, the underlying assets available for binary options contracts on NADEX include forex, indices and commodities.

Traders hoping for broader exposure or more volatile assets may need to explore alternative options. Regardless of funding method, traders pay no fees to fund a NADEX account.

Withdrawals also incur no fees, unless done by wire transfer. Only payment methods backed by real cash, such as debit cards, checks, wire transfers and ACH transfers will do. Traders who require powerful support like advanced charting, technical indicators and sophisticated drawing tools might find the NADEX platform a bit bare bones.

The available trading resources, in our view, more than suffice given the niche trading products available. NADEX offers both mobile and desktop platforms for maximum freedom and flexibility. Traders have access to identical features and tools, regardless of how and where they choose to trade. Traders interested in learning more about exotic derivatives and options contracts can do so on NADEX with the peace of mind that comes from trading with a regulated platform.

For algorithmic traders and others who rely on expert advisors to manage their trading activity, MetaTrader 5 has much to offer. Of all the brokers we reviewed, however, Trading. com stands alone for its commitment to the next-generation MetaQuotes trading platform. With all the features of its predecessor, MT4, MetaTrader 5 also provides traders with the optimal environment for technical trading and above-average execution speeds. Similar to Forex. com, which we reviewed above, Trading.

com stands out more for competitive pricing than for sophisticated features. The commitment to MT5 and an easy-to-navigate trading environment earn it a spot as one of the best US forex brokers.

MetaTrader 5 MT5. For example, the likes of eToro and Forex. And of course — the platform allows you to trade forex without paying a single cent in commission. This allows you to trade from just 0. You might be looking for the most cost-effective forex brokers. In turn, majors and minors benefit from the tightest spreads.

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