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.

US CFTC website

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?

Due to sharp US regulation toward trading only US regulated brokers can accept and open account for USA residents. However, offshore brokers will try to allure with opportunities we hardly recommend avoid these proposals due to high risks.

Forex Brokers in USA List

These are the regulated brokers that accept clients from the US and are US regulated Forex Brokers:

Broker Detail
OANDA vs Forex.com review Forex.com
Min. Deposit: 50US$
Max. Leverage: 1:40
Trading Platforms: MT4, MT5, FOREX.com Platforms
Regulation: FCA, IIROC, ASIC, CFTC
1
Forex.com Review
OANDA vs Forex.com OANDA
Min. Deposit: no minimum deposit
Max. Leverage: 50:1
Trading Platforms: Oanda trade, MT4
Regulation: CFTC, NFA, FCA, MAS, ASIC, IIROC
2
OANDA Review
Interactive Brokers (IB) Review Interactive Brokers
Min. Deposit: 2000 US$
Max. Leverage: 1:40
Trading Platforms: TWS, IB WebTrader
Regulation: US SEC & CFTC, ASIC, FCA
3
Interactive Brokers Review
BDSwiss Review BDSwiss
Min. Deposit: 100 US$
Max. Leverage: 1:500
Trading Platforms: MT4, MT5, BDSwiss Webtrader and Mobile App
Regulation: FSC, FSA
BDSwiss Review
Axiory
Min. Deposit: 10 US$
Max. Leverage: 1:777
Trading Platforms: MT4, MT5, cTrader
Regulation: FSC, FSC
Axiory Review
FBS
Min. Deposit: 1 USD
Max. Leverage: 1:30
Trading Platforms: MT4, MT5, FBS trader, CopyTrade
Regulation: CySEC, FSC, FSCA, ASIC
FBS Review
Blueberry Markets logo Blueberry Markets
Min. Deposit: 100 US$
Max. Leverage: 1:30
Trading Platforms: MT4, MT5
Regulation: ASIC, SCB
Blueberry Markets Review
Nadex_logo Nadex
Min. Deposit: 0 US$
Max. Leverage: 1:40
Trading Platforms: Nadex Platfrom, NadexGO
Regulation: CFTC
Nadex Review
Capital.com
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
City Index Broker review City Index
Min. Deposit: 100 GBP
Max. Leverage: 1:30
Trading Platforms: Advantage Web, AT Pro, MT4
Regulation: FCA
City Index Review