Best US Forex Brokers

Forex trading in the US is strictly regulated by the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA) to ensure trader protection and market integrity. Due to these regulations, only a select group of brokers are authorized to accept US clients.

This article highlights the best forex brokers in the US, focusing on regulatory compliance, platform quality, and trading conditions.

What to Expect from US Forex Brokers

Regulation by CFTC and NFA ensuring safety and transparency
Limited leverage capped at 50:1 for major currency pairs
Access to a select range of forex pairs approved by regulators
Support for platforms like MetaTrader 4 (MT4) and proprietary platforms
Strict compliance with US financial laws and reporting

Top US Forex Brokers (2025)

1. Forex.com

Regulation: CFTC, NFA
Minimum Deposit: $50
Platforms: MT4, proprietary platform
Highlights: Large product range, strong US compliance

2. OANDA

Regulation: CFTC, NFA
Minimum Deposit: No minimum
Platforms: Proprietary platform, MT4 (via partner)
Highlights: Transparent pricing, reliable execution

3. Interactive Brokers

Regulation: SEC, CFTC, NFA
Minimum Deposit: Varies
Platforms: Trader Workstation (TWS)
Highlights: Institutional liquidity, multi-asset trading

4. TD Ameritrade (Thinkorswim)

Regulation: SEC, CFTC, NFA
Minimum Deposit: No minimum
Platforms: Thinkorswim proprietary platform
Highlights: Advanced charting, research tools

5. Charles Schwab

Regulation: SEC, CFTC, NFA
Minimum Deposit: No minimum
Platforms: StreetSmart Edge, mobile apps
Highlights: Integrated forex and stock trading, educational resources

Key Takeaways

US forex brokers operate under some of the strictest regulations globally
Leverage and product range are more limited compared to offshore brokers
Choose brokers registered with CFTC and members of the NFA
Platforms such as MT4 and proprietary software are common

Frequently Asked Questions

Which forex brokers are legal in the US?

Forex.com, OANDA, Interactive Brokers, TD Ameritrade, and Charles Schwab.

What is the maximum leverage for US traders?

Leverage is capped at 50:1 for major currency pairs.

Can US traders trade all forex pairs?

No, only currency pairs approved by the CFTC are available.

Do US brokers support MT4 and MT5?

MT4 is widely supported; MT5 is less common.

Are offshore brokers allowed for US clients?

No, offshore brokers are not legally allowed to accept US clients.

Best US Forex Brokers

What to Expect from US Forex Brokers