Top Forex Brokers in the US

Forex trading in the US is highly regulated by the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA) to protect retail investors. US brokers must comply with strict leverage limits, offer only approved currency pairs, and maintain transparent business practices.

This article highlights the top forex brokers in the US, focusing on regulation, platform offerings, fees, and trader support.

What to Expect from US Forex Brokers

Regulation by CFTC and membership in NFA
Leverage capped at 50:1 on major pairs
Access to approved currency pairs only
Use of platforms like MT4 and proprietary software
Strict compliance with US financial laws

Top Forex Brokers in the US (2025)

1. Forex.com

Regulation: CFTC, NFA
Minimum Deposit: $50
Platforms: MT4, Forex.com 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 access

4. TD Ameritrade (Thinkorswim)

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

5. Charles Schwab

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

Key Takeaways

US forex brokers operate under stringent regulation ensuring trader safety
Leverage and product offerings are more limited than many international brokers
Brokers offer transparent pricing, reliable execution, and strong platforms
US residents must trade only with CFTC-registered, NFA-member brokers

Frequently Asked Questions

Which forex brokers are legal in the US?

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

What is the maximum leverage allowed in the US?

Leverage is limited to 50:1 on major currency pairs.

Can I trade all currency pairs in the US?

No, only pairs approved by the CFTC are available for retail trading.

Do US brokers support MT4 and MT5?

Most support MT4, but MT5 is less common among US brokers.

Are offshore brokers allowed for US residents?

No, offshore brokers are prohibited from accepting US clients.

Top Forex Brokers in the US

What to Expect from US Forex Brokers