Forex Brokers in USA
The USA as a world-known and important country in the worldwide economy together with its powerful financial systems holds a strong position in the Forex industry as well, yet applied some of the strictest demands to their operations.
USA Forex Regulations
While trading and particularly currency trading is a popular activity among US clients there are also numerous USA regulations and laws that implement rules which seem to be complicated and limiting trading possibilities.
- US traders are typically restricted to trade with other brokers that are based or located elsewhere rather than in the US, giving the option to trade either with US regulated brokers or run to offshore firms.
- Of course, we advise to stay away from offshore brokers since they are highly risky to invest as scam brokers usually targeting clients typically from offshore locations.
USA Forex industry is overseen by the two main authorities while all US Brokers must be registered with the NFA (National Futures Association) or CFTC (Commodity Futures Trading Commission). NFA website: www.nfa.futures.org and CFTC Website: www.cftc.gov
Those supervising authorities regulate financial service providers or trading Brokers which ensures market integrity, with responsibilities to provide transparency and the highest level of client’s protection.
In addition, before any broker can operate in the US it must obtain RFED (Retail Foreign Exchange Dealer) registration and then to be regulated further overseen by both authorities. Read more about US regulation through Wikipedia, also follow the Twitter account for prompt updates and changes @CFTC.
Best US Forex Brokers
The list below is consistent with the Best Brokers Reviews based in the US, also created according to the specified criteria and its Trust Scores. CFD trading brokers are typically shortened in the US, since the regulations limiting trading of CFDs, yet in the list you will find shortened criteria with a reliable ranking.
- IG – Best Overall Broker in US 2022
- Interactive Brokers – Lowest Spread Broker in US 2022
- Forex.com – Best MT4 Broker in US 2022
- OANDA – Best Broker for Beginners in US 2022
- eToro – Best for US Crypto Trading 2022
Who are Forex Brokers accepting US clients?
Forex Brokers in USA List
These are the regulated brokers that accept clients from the US and are US regulated Forex Brokers:
Broker | Detail | |
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Min. Deposit: 50US$ Max. Leverage: 1:40 Trading Platforms: MT4, MT5, FOREX.com Platforms Regulation: FCA, IIROC, ASIC, CFTC |
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Min. Deposit: no minimum deposit Max. Leverage: 50:1 Trading Platforms: Oanda trade, MT4 Regulation: CFTC, NFA, FCA, MAS, ASIC, IIROC |
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Min. Deposit: 2000 US$ Max. Leverage: 1:40 Trading Platforms: TWS, IB WebTrader Regulation: US SEC & CFTC, ASIC, FCA |
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Min. Deposit: 100 US$ Max. Leverage: 1:500 Trading Platforms: MT4, MT5, BDSwiss Webtrader and Mobile App Regulation: FSC, FSA |
BDSwiss Review |
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Min. Deposit: 10 US$ Max. Leverage: 1:777 Trading Platforms: MT4, MT5, cTrader Regulation: FSC, FSC |
Axiory Review |
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Min. Deposit: 1 USD Max. Leverage: 1:30 Trading Platforms: MT4, MT5, FBS trader, CopyTrade Regulation: CySEC, FSC, FSCA, ASIC |
FBS Review |
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Min. Deposit: 100 US$ Max. Leverage: 1:30 Trading Platforms: MT4, MT5 Regulation: ASIC, SCB |
Blueberry Markets Review |
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Min. Deposit: 0 US$ Max. Leverage: 1:40 Trading Platforms: Nadex Platfrom, NadexGO Regulation: CFTC |
Nadex Review |
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Min. Deposit: 20 US$ Max. Leverage: 1:30 Trading Platforms: MT4, Capital.com WebTrader and Mobile App Regulation: CySEC, FCA, ASIC, NBRB |
Capital.com Review |
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Min. Deposit: 100 GBP Max. Leverage: 1:30 Trading Platforms: Advantage Web, AT Pro, MT4 Regulation: FCA |
City Index Review |