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?

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
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	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	Min. Deposit: 2000 US$ Max. Leverage: 1:40 Trading Platforms: TWS, IB WebTrader Regulation: US SEC & CFTC, ASIC, FCA	3 Interactive Brokers 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	Min. Deposit: 100 US$ Max. Leverage: 1:30 Trading Platforms: MT4, MT5 Regulation: ASIC, SCB	Blueberry Markets Review
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	Min. Deposit: 100 GBP Max. Leverage: 1:30 Trading Platforms: Advantage Web, AT Pro, MT4 Regulation: FCA	City Index Review