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.
In this in-depth guide, you’ll learn:
- The 5 Best Forex Brokers in the USA
- Who Regulates Forex in the USA?
- Is Forex Trading Legal in the USA?
and much, MUCH more!
| 🔍Forex Broker | ✏️Sign Up Here | 💵Minimum Deposit | ⬆️Leverage |
| 🥇OANDA | 👉 Click Here | $0 USD | 1:200 |
| 🥈FOREX.com | 👉 Click Here | $100 USD | 1:200 |
| 🥉IG | 👉 Click Here | $0 USD | 1:200 |
| 🏅Interactive Brokers | 👉 Click Here | $0 USD | 1:50 |
| 🏆Plus500 | 👉 Click Here | $100 USD | 1:200 |
5 Best Forex Brokers in the USA (2025)
- ☑️ OANDA – Overall, The Best Forex Broker in the USA
- ☑️ FOREX.com – Best Mobile Trading Apps
- ☑️ IG – Best Low-Cost Forex Broker
- ☑️ Interactive Brokers – Best Affiliate Program
- ☑️ Plus500 – Most User-Friendly Platform
OANDA
OANDA is a globally recognized Forex and CFD broker, with its USA entity, OANDA Corporation.
For trading platforms, OANDA offers its proprietary OANDA Trade platform, MetaTrader 4 (MT4), and integration with TradingView for advanced charting and order execution. OANDA’s robust regulatory framework in the USA, combined with its global oversight, makes it a reliable choice for both beginner and experienced traders seeking a secure and transparent trading experience.
Frequently Asked Questions
Is OANDA regulated in the United States?
A: Yes. The Commodity Futures Trading Commission (CFTC) registers OANDA Corporation as a Futures Commission Merchant and Retail Foreign Exchange Dealer, and the National Futures Association (NFA) includes it as a member.
Is there a minimum deposit requirement?
No. There is no minimum deposit or balance required to open or maintain an OANDA account—you simply need sufficient funds to open positions.
Which trading platforms does OANDA support?
A: You can trade via: OANDA Trade, MetaTrader 4 (MT4), TradingView, and OANDA APIs.
What leverage is available?
OANDA limits leverage for U.S. retail clients to 50:1 on major currency pairs and offers spot cryptocurrency trading without any leverage.
Our Insights
Traders can choose from intuitive platforms like OANDA Trade, MetaTrader 4, and TradingView, and enjoy seamless funding via cards, wires, and e-wallets. OANDA’s combination of regulatory oversight, platform diversity, and straightforward pricing makes it a solid choice for reliable, transparent trading.
FOREX.com
FOREX.com is a leading online forex and futures broker based in the USA, offering services since 2001.
The broker provides a range of trading platforms, including its proprietary Web Trader and mobile apps, as well as MetaTrader 4 and 5.
Frequently Asked Questions
What is the minimum/maximum amount I can deposit?
The minimum deposit is $100, with a maximum of $10,000 per transaction via ACH.
What trading platforms can I use to trade?
FOREX.com offers Web Trader, mobile apps, MetaTrader 4 & 5, and TradingView integration.
Can I trade on mobile?
Yes, their mobile apps support trading, alerts, and account management.
How does FOREX.com protect my money?
They adhere to strict financial standards and regulatory requirements to ensure client fund protection.
Our Insights
With strong regulatory oversight, customer fund protection, and transparent pricing structures, FOREX.com is a solid choice for those looking to trade forex and futures in the USA and internationally.
IG
IG offers a variety of trading platforms to cater to different types of traders. These include a user-friendly web platform, mobile apps, MetaTrader 4, and ProRealTime for advanced charting and analysis.
In the USA, IG operates through its subsidiary, tastyfx, which is registered with the Commodity Futures Trading Commission (CFTC) and a member of the National Futures Association (NFA). Tastyfx offers forex trading to U.S. residents, excluding those in Arizona and Ohio.
Frequently Asked Questions
Is IG Group available in the United States?
Yes, in the USA, IG operates through its subsidiary, tastyfx, which is registered with the Commodity Futures Trading Commission (CFTC) and is a member of the National Futures Association (NFA).
What trading platforms does IG offer?
IG provides several trading platforms to cater to different trader needs: IG Trading Platform, MetaTrader 4 (MT4), ProRealTime, and L2 Dealer.
Is there a demo account available?
Yes, IG offers a demo account that allows you to practice trading with virtual funds.
How can I contact IG’s customer support?
IG provides multiple channels for customer support: Phone, Email, and Live Chat.
Our Insights
With its U.S. operations running through tastyfx, IG provides USA residents with access to competitive forex trading services, excluding those in Arizona and Ohio. With competitive pricing, diverse funding and withdrawal options, and robust customer support, IG is a strong choice for traders looking for a reliable and comprehensive trading experience.
Interactive Brokers
Interactive Brokers (IBKR) is a prominent USA-based brokerage firm headquartered in Greenwich, Connecticut. Established in 1978, it has become one of the largest electronic trading platforms globally, offering direct market access to over 160 markets in 36 countries.
IBKR is renowned for its low trading fees, robust trading platforms, and comprehensive global market access.
Frequently Asked Questions
Is Interactive Brokers available in the United States?
Yes, Interactive Brokers operates in the USA and offers a variety of trading accounts for U.S. residents.
What trading platforms does Interactive Brokers offer?
Interactive Brokers offers several platforms, with its flagship being Trader Workstation (TWS). TWS is a professional-grade platform with advanced charting, analytics, and order routing. Other platforms include: IBKR Mobile, IBKR WebTrader, Client Portal, and Interactive Brokers API.
Can I trade with margin on Interactive Brokers?
Yes, Interactive Brokers offers margin accounts for eligible traders.
Does Interactive Brokers offer demo accounts?
Yes, Interactive Brokers provides a paper trading account, which is a demo account that allows you to practice trading with virtual funds.
Our Insights
The firm offers advanced platforms like Trader Workstation (TWS) and competitive pricing, making it a preferred choice for active traders, institutional investors, and those seeking global market access. Interactive Brokers is a solid option for traders looking for sophisticated tools and low fees.
Plus500
Plus500 is a global fintech company specializing in online trading, offering access to a wide range of financial instruments.
The trading platform is designed to be user-friendly, catering to both novice and experienced traders. It offers features like real-time charts, risk management tools, and a demo account for practice.
Frequently Asked Questions
What is Plus500?
Plus500 is a global fintech company specializing in online trading, offering access to a wide range of financial instruments.
What is the minimum deposit required?
The minimum deposit to open a trading account with Plus500US is $100.
Is there a demo account available?
Yes, Plus500US offers an unlimited demo account that allows you to practice trading with virtual funds.
What trading platforms are available?
Plus500US provides a proprietary trading platform accessible via: Web Browser, Desktop Application, and the Mobile App.
Our Insights
Plus500 is a global trading platform that operates in the USA through Plus500US, offering access to futures, options, and various other financial instruments such as cryptocurrencies, forex, and commodities. With low minimum deposit requirements, competitive fees, and responsive customer support, Plus500 is a viable option for USA traders interested in futures and options markets.
Is Forex Trading Legal in the USA?
Yes, forex trading is legal in the United States. However, government agencies regulate it to ensure fair trading practices and protect investors. The main regulatory bodies for forex trading in the USA are:
- Commodity Futures Trading Commission (CFTC): The CFTC regulates and monitors the forex market in the U.S., ensuring that trading activities comply with the law and protecting traders from fraudulent activities.
- National Futures Association (NFA): The NFA is a self-regulatory organization for the U.S. futures and forex markets. It works in tandem with the CFTC to set industry standards and enforce regulations.
The CFTC requires U.S. brokers to register and become members of the NFA to offer forex trading services legally. U.S. traders must use brokers registered and regulated in the U.S. to ensure compliance with these legal requirements.
While forex trading is legal, certain types of trading, such as Contracts for Difference (CFDs), are not available to U.S. residents due to regulatory restrictions
In Conclusion
While U.S. residents have access to a diverse range of regulated brokers, offering everything from proprietary and third-party platforms (MetaTrader, TradingView, Trader Workstation) to mobile apps and automated-trading tools, they cannot trade certain products such as CFDs.
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