5 Best Forex Brokers in the USA
The 5 Best Forex Brokers in the USA – Rated and Reviewed. We have listed the Best Brokers that accept traders in the United States.
Battle of the Best – Top 5 USA Forex Brokers Face Off
| 1. |  | High-profile sponsorship Zero commission Globally regulated |  |  |
| 2. |  | U.S. offerings, including fxTrade Highly Regulated MT4/MT5 | | |
| 3. |  | Strong U.S. oversight Ultra-tight spreads Robust execution | | |
| 4. |  | Regulated internationally Excellent charting capabilities NFA-regulated | | |
| 5. |  | CFTC-regulated Professional-grade TWS platform Massive instrument coverage | | |
5 Best Forex Brokers in the USA (2025)
- Plus500 – Simple, CFD-focused platform
- OANDA – U.S. offerings include fxTrade web/mobile and premium MT tools
- FOREX.com – Strong U.S. oversight (🇺🇸 CFTC, 🇺🇸 NFA, 🇬🇧 FCA, 🇦🇺 ASIC)
- IG – Trusted U.S. operations (NFA-regulated)
- Interactive Brokers – Deep U.S. roots – CFTC-regulated, major electronic broker
Top 10 Forex Brokers (Globally)
Plus500
Plus500 is a global fintech leader in online trading, offering a wide range of financial instruments through its intuitive platform. In the U.S., it operates as Plus500US, specializing in regulated futures and options trading with low entry requirements and modern trading tools designed for all experience levels.
| Broker | Plus500 |
| Global Offerings | Comprehensive |
| Forex Pairs | 60+ pairs via CFDs |
| Crypto Trading | Via CFDs |
| CFDs | Stocks indices ETFs options commodities |
| Platforms | Proprietary WebTrader |
| Pricing | Commission-free (spread-only) |
| Regulation | 🇬🇧 FCA 🇨🇾 CySEC 🇦🇺 ASIC 🇸🇨 FSA 🇳🇿 FMA |
| USA-Specific Offerings | Advanced |
| Product Offering | Futures trading only |
| Platforms | Web-based futures platform |
| Commissions | $0.89/standard, $0.49/micro futures contracts |
| Fees | No inactivity withdrawal, or platform fees |
| U.S. Regulator | 🇺🇸 CFTC 🇺🇸 NFA |
| Read Review | |
| Open an Account | |
Frequently Asked Questions
What is Plus500?
Plus500 operates as a global trading provider and delivers an accessible, feature-rich platform. Consequently, it enables users to trade a variety of instruments, including forex, indices, commodities, crypto, and options, while focusing on simplicity and real-time risk management tools.
What is the minimum deposit required?
Plus500US requires a $100 minimum deposit to open a live account. As a result, this low threshold attracts new traders while providing access to advanced features and a range of U.S.-regulated futures and options products.
Pros and Cons
| ✓ Pros | ✕ Cons |
| Low $100 minimum deposit | U.S. offering limited to futures & options |
| Clean, user-friendly trading platform | No MetaTrader or third-party platforms |
| Unlimited free demo account | No stock trading in U.S. version |
| Regulated by major authorities | Limited advanced tools for pro traders |
| Real-time risk management features | Product range narrower than global version |
Our Insights
Plus500 operates as a global trading platform and serves the U.S. market through Plus500US, giving traders access to futures, options, and various financial instruments such as cryptocurrencies, forex, and commodities. Its low minimum deposit, competitive fees, and responsive support make it a viable option for U.S. traders interested in futures and options markets.
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐☆ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐☆☆☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐☆ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐☆☆ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐☆ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐☆☆☆ |
OANDA
OANDA is a well-established Forex and CFD broker, trusted globally and highly regulated in the USA by the CFTC and NFA. Offering MT4, OANDA Trade, and TradingView integrations, OANDA caters to both novice and professional traders with secure, user-friendly platforms and transparent pricing.
| Broker | Oanda |
| Global Offerings | Comprehensive |
| Forex Pairs | 68+ pairs majors minors exotics |
| Crypto Trading | Available via Paxos |
| Platforms | OANDA Web Mobile App MT4 TradingView |
| Tools | Autochartist Economic Overlay API access |
| Regulation | 🇺🇸 CFTC 🇬🇧 FCA 🇸🇬 MAS 🇨🇦 IIROC |
| USA Specific | Comprehensive |
| Forex Trading | Fully Regulated |
| Crypto Trading (Spot) | Via Paxos |
| CFDs | Not available |
| Platforms | Web desktop mobile |
| U.S. Regulator | 🇺🇸 CFTC 🇺🇸 NFA |
| Read Review | |
| Open an Account | |
Frequently Asked Questions
Is OANDA regulated in the United States?
Yes, in fact, OANDA Corporation is registered with the Commodity Futures Trading Commission (CFTC) and is a member of the National Futures Association (NFA), ensuring strict compliance and trader protection in the U.S. market.
Is there a minimum deposit requirement?
No minimum deposit is required to open or maintain an account with OANDA. Instead, you only need sufficient funds to cover margin requirements and open positions, making it accessible for traders of all levels.
Pros and Cons
| ✓ Pros | ✕ Cons |
| Regulated in the USA | No leveraged crypto for U.S. clients |
| No minimum deposit | Limited leverage (50:1 max) |
| Supports MT4 and TradingView | No MetaTrader 5 (MT5) support |
| Fast and easy account setup | Fewer CFDs than global counterparts |
Our Insights
Traders can choose from intuitive platforms like OANDA Trade, MetaTrader 4, and TradingView, while also enjoying seamless funding via cards, wires, and e-wallets. Moreover, OANDA’s combination of regulatory oversight, platform diversity, and straightforward pricing makes it a solid choice for reliable, transparent trading.
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐☆ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐☆☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐☆☆ |
| 4 | Research and Education | ⭐⭐⭐⭐☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐⭐ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐☆ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐⭐ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐☆ |
FOREX.com
FOREX.com is a long-standing forex and futures broker, regulated in the U.S. and operating since 2001. With powerful platforms like Web Trader, MetaTrader 4 and 5, and mobile apps, it caters to both beginner and experienced traders seeking regulated, secure, and feature-rich trading environments.
| Broker | Forex.com |
| Global Offerings | Comprehensive |
| Forex Pairs | 80+ currency pairs |
| Crypto Trading | Yes (spot and CFDs depending on region) |
| CFDs | Available globally (stocks, indices, commodities) |
| Platforms | WebTrader MT4 MT5 TradingView |
| Tools | Market analysis, advanced charting, APIs |
| Regulation | 🇺🇸 CFTC 🇬🇧 FCA 🇯🇵 FSA 🇦🇺 ASIC |
| USA-Specific Offerings | Advanced |
| Forex Trading | Yes |
| Crypto Trading | No direct trading, but access via Kalshi |
| CFDs | Not allowed |
| Interest on Cash | Up to 4% on idle funds |
| Pricing Options | Spread-only, raw spread + commission |
| U.S. Regulator | 🇺🇸 CFTC 🇺🇸 NFA |
| Read Review | |
| Open an Account | |
Frequently Asked Questions
What is the minimum and maximum deposit at FOREX.com?
You can start trading on FOREX.com with a minimum deposit of just $100. The maximum deposit per ACH transaction is $10,000, allowing for flexible account funding based on your trading needs and risk appetite.
Can I trade on mobile with FOREX.com?
Yes. FOREX.com offers a fully functional mobile trading app for iOS and Android, supporting real-time trading, custom alerts, full charting capabilities, and account management, all from your phone or tablet.
Pros and Cons
| ✓ Pros | ✕ Cons |
| Regulated by CFTC and NFA | Limited product range outside the U.S. |
| Supports MT4, MT5, and TradingView | ACH has a $10k transaction cap |
| Robust mobile and web platforms | No crypto CFDs for U.S. clients |
| Transparent pricing and fees | No copy trading tools included |
Our Insights
FOREX.com offers a professional-grade experience with solid regulatory backing, diverse platforms, and flexible deposits. It’s a great choice for U.S.-based traders looking for transparent execution, MT4/MT5 support, and advanced tools, whether trading from desktop or mobile.
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐☆ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐☆☆ |
| 4 | Research and Education | ⭐⭐⭐⭐☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐☆ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐☆ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐☆ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐☆ |
IG
IG Group stands out globally for its wide range of trading platforms, including user-friendly web and mobile options, MetaTrader 4, and ProRealTime for advanced charting. In the United States, IG operates through tastyfx, offering regulated forex trading with strong compliance and a user-centric platform.
| Broker | IG |
| Global Offerings | Advanced |
| Forex Pairs | 80+ pairs (majors, minors, exotics) |
| Crypto Trading | Yes (via CFDs, where permitted) |
| CFDs | 17,000+ instruments |
| Platforms | IG proprietary platform MT4 ProRealTime L2 Dealer |
| Regulation | 🇬🇧 FCA 🇦🇺 ASIC 🇳🇿 FMA 🇸🇬 MAS |
| USA-Specific | Advanced |
| Brand | tastyfx (formerly IG US, now integrated under tastytrade brand) |
| Forex Trading | Only forex, no CFDs or crypto |
| Crypto/CFDs | Not available (restricted under U.S. law) |
| Platforms | tastyfx web-based proprietary platform |
| U.S. Regulator | 🇺🇸 CFTC 🇺🇸 NFA |
| Read Review | |
| Open an Account | |
Frequently Asked Questions
Is IG Group available in the United States?
Yes. IG serves U.S. clients through its subsidiary, tastyfx, which is fully registered with the CFTC and a member of the NFA. Tastyfx is exclusively focused on forex trading and is not available in Arizona and Ohio.
What trading platforms does IG offer?
IG offers multiple platforms to meet the needs of various traders. These include the IG Web Trader, MT4 for automation and indicators, and ProRealTime for sophisticated charting and analysis. Each platform is designed for different skill levels and strategies.
Pros and Cons
| ✓ Pros | ✕ Cons |
| Wide range of trading platforms | Limited product offering in the U.S. (forex only) |
| Regulated globally and in the U.S. (via tastyfx) | No service for residents of Arizona and Ohio |
| User-friendly interface for all skill levels | No CFDs or crypto for U.S. clients |
| Offers demo accounts for practice | U.S. platform differs from global IG experience |
| Strong charting tools (ProRealTime, MT4) | No MetaTrader support on tastyfx (web platform only) |
Our Insights
IG offers an exceptional platform lineup for global users, while U.S. traders are served via tastyfx with fully regulated forex services. Excluding a few states, it’s a strong option for traders seeking a secure and performance-driven trading environment backed by a reputable global group.
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐⭐ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐⭐ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐⭐⭐ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐⭐ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐⭐ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐☆ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐⭐ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐⭐ |
Interactive Brokers
Interactive Brokers (IBKR), headquartered in Greenwich, Connecticut, is one of the most trusted names in online trading. Established in 1978, IBKR gives traders direct access to 160+ global markets, combining ultra-low trading fees with advanced platforms for serious investors and institutions.
| Broker | Interactive Brokers |
| Global Offerings | Comprehensive |
| Forex Pairs | 100+ pairs with institutional pricing |
| Crypto Trading | Via Paxos |
| Stocks & ETFs | 135+ exchanges in 33 countries |
| Options & Futures | Full access |
| Bonds & Mutual Funds | Yes |
| Platforms | TWS IBKR Mobile IBKR GlobalTrader |
| Tools | SmartRouting analytics algo trading |
| Regulation | 🇺🇸 SEC 🇺🇸 CFTC 🇺🇸 FINRA 🇬🇧 FCA 🇭🇰 SFC 🇦🇺 ASIC |
| USA-Specific Offerings | Advanced |
| U.S. Stock Trading | IBKR Lite (commission free), IBKR Pro (low cost) |
| Crypto Trading | Via Paxos |
| Prediction Markets | ForecastEx |
| Interest on Cash | Yes |
| U.S. Regulator | 🇺🇸 SEC 🇺🇸 CFTC 🇺🇸 FINRA |
| Read Review | |
| Open an Account | |
Frequently Asked Questions
Is Interactive Brokers available in the United States?
Yes. Interactive Brokers operates fully in the United States and offers individual, joint, retirement, and institutional trading accounts. Moreover, major U.S. financial bodies, including the SEC, FINRA, and CFTC, regulate its operations.
What trading platforms does Interactive Brokers offer?
IBKR offers several platforms to meet various trading needs. Specifically, these include Trader Workstation (TWS) for professionals, IBKR Mobile, WebTrader, the Client Portal for simplified access, and APIs for algorithmic and automated trading strategies.
Pros and Cons
| ✓ Pros | ✕ Cons |
| Access to 160+ global markets | Platforms may overwhelm beginners |
| Very low trading commissions | Some tools require technical knowledge |
| Advanced platforms like TWS & API | Inactivity fees may apply |
| Highly regulated in U.S. and globally | No crypto wallet transfers (via Paxos only) |
| Supports algorithmic and margin trading | Lengthy onboarding and ID verification |
Our Insights
Interactive Brokers offers expansive market access, low-cost trading, and institutional-grade tools that set it apart. As a result, it provides unmatched value and functionality for experienced traders and global investors seeking a robust, regulation-compliant brokerage.
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐⭐ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐⭐ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐⭐⭐ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐⭐ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐⭐ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐⭐ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐⭐ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐⭐ |
Is Forex Trading Legal in the USA? Everything U.S. Traders Need to Know
Federal agencies strictly regulate forex trading in the United States to protect traders; however, the practice remains 100% legal. Therefore, U.S.-based traders must choose brokers registered with both the CFTC and NFA to ensure compliance, safety, and transparency in the foreign exchange market.
| Aspect | Details | Applicable To | Notes |
| Legal Status | Legal | All U.S. residents | Only via CFTC/NFA regulated brokers |
| Regulators | 🇺🇸 CFTC 🇺🇸 NFA | Brokers and trading firms | Must be registered in the U.S. |
| Broker Requirements | Registration Compliance | All U.S.-based brokers | Offshore brokers not permitted |
| CFD Availability | Not allowed | U.S. residents | Due to U.S. regulatory restrictions |
What Real Traders want to know!
Q: Is forex trading legal in the USA?
Q: Who regulates forex trading in the U.S.?
Q: Can U.S. residents trade with international forex brokers?
Q: Are CFDs (Contracts for Difference) allowed in the USA?
Q: What leverage is allowed for forex trading in the USA?
Pros and Cons
| ✓ Pros | ✕ Cons |
| Highly regulated and legally protected | Lower leverage limits than some global regions |
| Strong oversight by CFTC and NFA | No access to CFDs for retail traders |
| Transparent broker operations | Fewer broker choices compared to other countries |
| Safe trading environment with anti-fraud rules | FIFO and no-hedging rules limit some strategies |
| Demo accounts widely available for practice | Offshore brokers are not legally permitted |
In Conclusion
U.S. residents can access a diverse range of regulated brokers that offer proprietary and third-party platforms (such as MetaTrader, TradingView, and Trader Workstation), mobile apps, and automated-trading tools. Nevertheless, they cannot trade certain products, such as CFDs.
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Faq
Minimum deposits vary by broker, typically ranging from $50 to $250. However, some professional platforms may require higher initial capital.
Yes. Forex profits are taxable and are generally filed under Section 988 or Section 1256 of the IRS code, depending on the type of account and instruments traded.
Yes, most U.S.-regulated forex brokers offer free demo accounts so traders can practice with virtual funds before going live.
Yes, many U.S. brokers offer MetaTrader 4 (MT4), and a few offer MetaTrader 5 (MT5), though not all brokers support these platforms.
Top U.S.-regulated forex brokers include OANDA, FOREX.com, Interactive Brokers, IG/tastyfx, and TD Ameritrade (for futures-based forex exposure).
Forex trading is available 24 hours a day, five days a week, typically starting on Sunday evening (EST) and ending Friday evening.
Yes, automated trading systems (Expert Advisors) are legal and supported by many U.S. brokers, especially on platforms like MetaTrader and NinjaTrader.
Yes, but the broker must still be registered with U.S. regulators. Alternatively, you may qualify under different residency rules depending on where you live.
Regulated brokers in the U.S. must segregate client funds, offer risk disclosures, and undergo regular audits, which helps protect clients from fraud and mismanagement.
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