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THE BEST FOREX BROKERS FOR US TRADERS

A List of the Top Forex Brokers that Take US Clients

The Leading Forex Brokers in USA

"Traders in the United States have much fewer brokers available than elsewhere. Their options are limited.

Let me share the best brokers available for US residents and give you a comparison"

My recommended Forex brokers are ranked by

- Reliability

- Trading Platforms

- Commissions and Costs

- The tightness of spreads

- My personal trading experience

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USA financial regulators highly regulate all brokers

THE LEADING BROKERS FOR US CLIENTS

Due to tight US financial regulation, traders with residence in the USA are limited to a handful of Forex brokers.

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A US regulator must regulate brokers to accept US clients. The Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA) are regulators. 

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This means that margin is limited to 3% (1:30 leverage), and many popular Forex brokers outside the US are unavailable.

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Below is my list of the top brokers for US citizens.

TD Ameritrade

TD Ameritrade US Broker

Regulator: NFA

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Office HQ: Omaha, USA

Other Offices: Global

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Leverage

1:50 Major Pairs
1:20 Minor Pairs

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Trading Platforms

Thinkorswim, Web Platform, Mobile Platform

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Forex Pairs

70 Pairs

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Minimum Deposit
$2000


Payment Methods
Bank transfer, Wire transfer, Check

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Account Currency

USD

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Spread Type

Variable

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Average Spreads

AUDUSD 1.2 pips

EURCHF 2.1 pips

EURGBP 1.3 pips

EURUSD 1.4 pips 

GBPUSD 1.3 pips

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Commission-free Trading

Yes

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Market Maker?

Yes

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Forex.com

Forex broker United States

Regulator: CFTC, NFA

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Office HQ: New Jersey, USA

Other Offices: Global

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Leverage

1:30 Major Pairs
1:20 Minor Pairs

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Trading Platforms

TradingView, Web Platform, Mobile Platform, MetaTrader 4 (MT4)

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Forex Pairs

164 Pairs

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Minimum Deposit
$100


Payment Methods
Bank transfer, Wire transfer, Debit card

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Account Currency

USD

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Spread Type

Variable

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Average Spreads

AUDUSD 1.9 pips

EURCHF 2.9 pips

EURGBP 1.5 pips

EURUSD 1.4 pips 

GBPUSD 1.5 pips

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Commission-free Trading

Optional

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Market Maker?

Yes, for commission-free trading 

Standard trading is ECN

IG Markets

IG Forex Broker

Regulator: NFA

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Office HQ: London, UK

Other Offices: Global, including the US

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Leverage

1:50 Major Pairs
1:20 Minor Pairs

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Trading Platforms

ProRealTime, Web Platform, Mobile Platform, MetaTrader 4 (MT4)

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Forex Pairs

70 Pairs

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Minimum Deposit
$250 

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Payment Methods
Bank transfer, Wire transfer, Debit card

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Account Currency

USD

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Spread Type

Variable

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Average Spreads

AUDUSD 1.0 pip

EURCHF 3.0 pips

EURGBP 1.6 pips

EURUSD 0.8 pips 

GBPUSD 1.0 pip

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Commission-free Trading

No

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Market Maker?

No, ECN

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USA BROKER COMPARISON

Tightest spreads: IG Markets

Lowest Deposit: Forex.com

Range of markets: Forex.com

Commission-free trading: TD Ameritrade

Highest leverage: TD Ameritrade / IG Markets

Trading platforms: TD Ameritrade / IG Markets / Forex.com

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