Forex Brokers for US Traders

This is a list of Forex brokers that work with the currency traders from the United States of America. These brokers are either registered with NFA (and regulated by CFTC) or are offshore companies that cater to the US traders despite the Dodd-Frank Wall Street Reform and Consumer Protection Act that prohibit doing so. According to the US spot Forex market regulations, only properly registered brokers may solicit and offer service to residents of the USA. The same regulations also limit their trading conditions severely. To comply with the American FX regulatory environment, a broker must offer a leverage not higher than 1:50 for major currency pairs (even lower for minor and exotic pairs) and support no-hedging accounts. A regulated broker must also maintain at least $20 million capital and comply with rather strict monitoring, supervision, and risk management standards. This actually results in higher security of funds but may seem rather restrictive to many Forex traders. You will find 28 brokers listed in the table below.

Forex Broker Min. Account Size Broker Rating Min. Position Size Payment Max. Leverage Serious Regulation Spread US
FXGlory $1 7.3 0.01 1:3000
  • Platforms
    • MetaTrader 4
    • WebTrader
  • Countries
    AE CH CY GB VC
  • Regulation
AAFX Trading $100 9.4 0.01 1:2000
  • Platforms
    • MetaTrader 4
    • Web Trading
    • WebTrader
  • Countries
    AE AU HK MY NZ QA SA US VC
  • Regulation
    • ASIC, 4240010
    • FSA (St. Vincent & the Grenadines), 22916 IBC
Videforex $250 - 0.01 1:100
  • Platforms
    • Videoforex Web Platform
  • Countries
    GB
  • Regulation
Forex.com $250 6.4 0.1 1:200
  • Platforms
    • MetaTrader 4
    • DealBook 360
    • FOREXTrader PRO
    • Forex.com Website Trading
  • Countries
    AU GB US
  • Regulation
    • CFTC/NFA, 0339826
    • FCA (UK), 190864
    • FSA (Japan), 1539
    • IIROC, May 10, 2012
OANDA $1 6.4 0.00001 1:50
  • Platforms
    • MetaTrader 4
    • Currenex Classic
    • Oanda Platform
    • Web Trading
    • NinjaTrader
  • Countries
    AE CA CH GB JP SG US
  • Regulation
    • CFTC/NFA, 0325821
    • FCA (UK), 54257
    • FSA (Japan), 1571
    • Kanto Local Finance Bureau (Japan), 2137
IG $1 4.6 0.01 1:50
One Financial Markets $250 - 0.01 1:30
ATC Brokers $5,000 - 1 1:200
Advanced Markets $2,500 - 0.1 1:50
ForexCT $500 - 0.025 1:400
Profiforex $1 3.8 0.01 1:500
Trader's Way $1 7.5 0.01 1:1000
Grand Capital $10 6.4 0.01 1:500
Tallinex $100 - 0.01 1:1000
Forex Optimum $1 8.4 0.01 1:1000
Price Markets $0.01 - 0.1 1:300
FX Choice $100 - 0.01 1:200
LMFX $50 8.5 0.01 1:1000
Trade Fintech $250 8.9 0.01 1:200
LQDFX $20 8.9 0.01 1:500
Turnkey Forex $5 9.1 0.01 1:400
Ally Invest $1 - 0.01 1:50
Markets Cube $5,000 4.0 0.01 1:100
Capital Street FX $100 - 0.01 1:3500
Coinexx $7 8.6 0.01 1:500
PaxForex $10 8.7 0.0001 1:500
FX Trading Pro $20 - 0.01 1:50
EagleFX $10 - 0.01 1:500

There are only three real reasons to seek a broker that accepts US traders:

  • You are a US resident, so only this category of companies will offer live trading to you.
  • You are planning a move to US and you would not want to change brokers when this happens.
  • You are looking for a high level of funds security and regulatory scrutiny in your Forex broker — brokers from the United States jurisdiction are usually very reliable in this regard.

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Forex trading bears intrinsic risks of loss. You must understand that Forex trading, while potentially profitable, can make you lose your money. Never trade with the money that you cannot afford to lose! Trading with leverage can wipe your account even faster.

CFDs are leveraged products and as such loses may be more than the initial invested capital. Trading in CFDs carry a high level of risk thus may not be appropriate for all investors.