ACTUAL FOREX TRADING
BECOME A PROFITABLE FOREX TRADER
THE BEST FOREX BROKERS FOR US TRADERS
A List of the Top Forex Brokers that Take US Clients
"Traders in the United States have much fewer brokers available than elsewhere. Their options are limited.
Let me share the best brokers available for US residents and give you a comparison"
My recommended Forex brokers are ranked by
- Reliability
- Trading Platforms
- Commissions and Costs
- The tightness of spreads
- My personal trading experience
USA financial regulators highly regulate all brokers
THE LEADING BROKERS FOR US CLIENTS
Due to tight US financial regulation, traders with residence in the USA are limited to a handful of Forex brokers.
A US regulator must regulate brokers to accept US clients. The Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA) are regulators.
This means that margin is limited to 3% (1:30 leverage), and many popular Forex brokers outside the US are unavailable.
Below is my list of the top brokers for US citizens.
TD Ameritrade
Regulator: NFA
Office HQ: Omaha, USA
Other Offices: Global
Leverage
1:50 Major Pairs
1:20 Minor Pairs
Trading Platforms
Thinkorswim, Web Platform, Mobile Platform
Forex Pairs
70 Pairs
Minimum Deposit
$2000
Payment Methods
Bank transfer, Wire transfer, Check
Account Currency
USD
Spread Type
Variable
Average Spreads
AUDUSD 1.2 pips
EURCHF 2.1 pips
EURGBP 1.3 pips
EURUSD 1.4 pips
GBPUSD 1.3 pips
Commission-free Trading
Yes
Market Maker?
Yes
Forex.com
Regulator: CFTC, NFA
Office HQ: New Jersey, USA
Other Offices: Global
Leverage
1:30 Major Pairs
1:20 Minor Pairs
Trading Platforms
TradingView, Web Platform, Mobile Platform, MetaTrader 4 (MT4)
Forex Pairs
164 Pairs
Minimum Deposit
$100
Payment Methods
Bank transfer, Wire transfer, Debit card
Account Currency
USD
Spread Type
Variable
Average Spreads
AUDUSD 1.9 pips
EURCHF 2.9 pips
EURGBP 1.5 pips
EURUSD 1.4 pips
GBPUSD 1.5 pips
Commission-free Trading
Optional
Market Maker?
Yes, for commission-free trading
Standard trading is ECN
IG Markets
Regulator: NFA
Office HQ: London, UK
Other Offices: Global, including the US
Leverage
1:50 Major Pairs
1:20 Minor Pairs
Trading Platforms
ProRealTime, Web Platform, Mobile Platform, MetaTrader 4 (MT4)
Forex Pairs
70 Pairs
Minimum Deposit
$250
Payment Methods
Bank transfer, Wire transfer, Debit card
Account Currency
USD
Spread Type
Variable
Average Spreads
AUDUSD 1.0 pip
EURCHF 3.0 pips
EURGBP 1.6 pips
EURUSD 0.8 pips
GBPUSD 1.0 pip
Commission-free Trading
No
Market Maker?
No, ECN
USA BROKER COMPARISON
Tightest spreads: IG Markets
Lowest Deposit: Forex.com
Range of markets: Forex.com
Commission-free trading: TD Ameritrade
Highest leverage: TD Ameritrade / IG Markets
Trading platforms: TD Ameritrade / IG Markets / Forex.com