US Forex Brokers

Forex trading in the United States is tightly regulated by the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA). Due to these strict regulations, only a limited number of brokers are authorized to offer forex trading services to US residents. These brokers comply with rigorous standards to protect traders and maintain market integrity.

This article highlights the top US forex brokers, their regulation, platforms, and key features.

What to Expect from US Forex Brokers

Regulation by CFTC and membership in NFA ensures safety
Limited leverage capped at 50:1 for major currency pairs
Access to a limited set of forex pairs approved by regulators
Popular platforms like MetaTrader 4 and proprietary software
Strong compliance with US financial laws

Top US Forex Brokers (2025)

1. Forex.com

Regulation: CFTC, NFA
Minimum Deposit: $50
Platforms: MT4, proprietary platform
Features: Broad product range, competitive spreads

2. OANDA

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

3. Interactive Brokers

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

4. TD Ameritrade (Thinkorswim)

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

5. Charles Schwab

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

Key Takeaways

US brokers operate under some of the strictest global regulations
Leverage and product offerings are more limited than offshore brokers
Always choose brokers registered with CFTC and members of NFA
Platforms such as MT4 and proprietary software dominate US market

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 cannot legally accept US clients.

US Forex Brokers

What to Expect from US Forex Brokers