10 Best Forex Brokers in the USA

1. eToro

eToro is a leading online forex and multi-asset broker, which has a worldwide presence through its registered offices in Cyprus, Israel, the United Kingdom, the United States, and Australia.

First established in 2007, eToro has expanded into a globally recognized brand with over one million registered users, due to its compelling offering of innovative trading and investment tools.

The broker provides two account types, which are tailored to retail and professional traders respectively.
Retail clients are afforded access to all the available asset classes, complemented by negative balance protection and margin closeout restrictions.

Professional clients receive the same client protection measures, as well as a higher leverage ratio of 1:400, where retail clients receive a maximum leverage of 1:30.

This well-regulated broker offers trading on its own proprietary CopyTrader platform, which provides access to over 2000 assets, with competitive and transparent trading fees, and user-friendly features for both novice and advanced traders.

Included in the broker’s asset range is a portfolio of over 47 and 19 commodity/index CFDs, as well as an impressive selection of 77 cryptocurrency CFDs.

These compelling trading conditions are further complemented by in-depth market analysis provided directly from the broker, and a professional and responsive customer support team, making eToro an excellent choice for US traders today.

1. HotForex

HotForex is a Cyprus based forex and commodities broker that offers its services to over two million clients globally, with more than ten years of operational experience in the financial markets and over 35 industry awards.
Clients can choose from a wide selection of trading accounts, with access to tight spreads from as low as 0.1 for EUR/USD currency pairs. Added to this, traders have access to an impressively high flexible leverage of 1:1000, with EAs, Scalping, and Hedging allowed.

1. Forex.com

Established in 1999, Forex.com was one of the first online forex brokers to offer trading in the United States, and operates today across several different countries, including the UK, Canada, Japan and Australia.
As one of the most recognized forex brokers in the industry, Forex.com offers its clients clear, competitive pricing with fast execution and exceptional customer support.
Traders have access to over 80 currency pairs for a low minimum deposit of $500, with spreads as low as 0.84 pips on the EUR/USD pair.
The broker is regulated in six jurisdictions worldwide, where it offers variable leverage depending on the prevailing regulatory requirements, with US traders enjoying a higher leverage of 1:200.

1. IG Markets

IG Markets is a MetaTrader 4 supported forex broker which offers advanced trading conditions that are accessible to both novice and experienced traders.
As such, the broker offers a range of live trading accounts tailored to retail, institutional and professional traders, with access to 17,000 markets, and more 24-hour indices than any provider and out-of-hours US shares.
IG Markets provides transparent and competitive trading conditions, with spreads as low as 0.6 pips for on EUR/USD currency pairs, and a maximum leverage of 1:33 on forex.

1. TD Ameritrade

TD Ameritrade is one of the largest US-based online brokers, with a long operational history spanning back as far as 1978.
Clients of TD Ameritrade have access to commission-free trading, as well as access to all trading platforms with no deposit minimums, trading minimums or hidden fees.
The broker offers more than 300 ETFs, and thousands of mutual funds with no buying or selling fees.
With regards to forex, traders have access to 24 currencies including major currency pairs such as EUR, GBP, CHF, JPY, and more.
Clients can trade with vertical spreads on the proprietary thinkorswim platform, with variable leverage up to a maximum ratio of 4:1.

1. Interactive Brokers

Interactive Brokers is a US based online forex broker headquartered in Connecticut, which offers traders a wide array of live trading accounts that provide access to stocks, options, futures, currencies, bonds and funds.
This award-winning broker offers tight, variable spreads depending on the trading platform selected, which start as low as 0.5 pips.
Clients of Interactive Brokers can choose from a strong selection of six advanced proprietary trading platforms, which are noted by users for their user-friendly range of trading tools, fast execution, and access to the most popular and widely-traded asset classes.

1. Oanda

Oanda is a leading US based forex broker which has a long operational history dating back to its establishment in 1996.
As such, Oanda was one of the first brokers to offer inclusive currency trading information online, and the broker’s dedication to client-centric services has seen it expand into a global corporation with offices in the USA, Canada, UK, Japan, Singapore and Australia.
Clients of Oanda can choose from some of the most advanced trading platforms in the industry, including the industry standard MetaTrader 4, with access to real-time rates for all the major FX pairs, plus up to 25 years' historical exchange rates across 38,000 forex pairs.

1. One Financial Markets

One Financial Markets is a UK based broker which is highly regulated by the reputable Financial Conduct Authority.
Clients of One Financial Markets enjoy a global, award winning, online broker providing 24/5 trading facilities to private and institutional investors in forex and CFDs on shares, indices, bullion, commodities, energies and cryptocurrencies.
This MetaTrader 4 supported broker offers spreads that start at 1.7 pips for major currency pairs, leverage of 1:30, with hedging, trailing and automated trading allowed.

1. ForexCT

ForexCT is a leading Australia based broker that offers its services to numerous countries around the world, including the United States.
Clients of ForexCT have access to 170 trading instruments on the broker’s advanced proprietary PROfit trading platform, which can be traded from one live account that offers each account holder with a dedicated account manager.
Traders are offered commission-free trading, with fixed spreads that remain the same despite market volatility for over 55 currency pairs.
Added to this, the broker offers free Guaranteed Stop Loss Orders on Margin FX and gold and silver Products regardless of volatility or market gapping, and a high maximum leverage of 200:1.

1. FX Choice

FXChoice is an offshore broker based in Belize which is licensed and regulated by the International Financial Services Commission (IFSC).
Traders with FXChoice have access to a healthy selection of CFDs, including Forex CFDs, Crypto CFDs, Index CFDs, and Commodity CFD, which can all be traded on the highly popular MetaTrader 4 platform.
The broker offers spreads which start at 0.95 for major currency pairs, and which can be traded on a high maximum leverage of 1:200.

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