Best US Forex Brokers

The global foreign exchange market, by its very nature, is an open industry where international traders can speculate on the fluctuations of currencies from around the world. However, while investing in Forex is available to everyone, there are some brokers who don’t cater to customers in the US. Indeed, because of certain legal restrictions it is difficult for international companies to obtain a licence to trade Forex in the US, which means users within the country’s boarders must find alternative platforms.

To legally become a registered US Forex broker a company must meet a number of conditions and apply for a licence with the US Security and Exchange Commission (SEC). This regulatory body is responsible for overseeing the industry and ensuring fair trading takes places between brokers as well as its customers.

Thankfully, while trading on the foreign exchange from inside the US is tricky it’s not impossible and at fxBrokerSearch.com we’ve outlined the best US Forex brokers on the market. Using a combination of expert analysis and user feedback, we’ve compiled an extensive list of US-friendly brokers and outlined their vital statistics.

By focusing on every aspect of each site we’re able to explain exactly which US Forex brokers are best suited to a range of different needs. No matter whether someone looking for tight spreads, juicy bonuses or low deposit limits, our database brokers has everything they need to begin trading immediately.

Investing money on the currency exchange market requires a mixture of discipline, skill and knowledge. Indeed, a trader needs to know exactly which brokers are best suited to their needs because not only will this save them time but help them make more money in the long run. At fxBrokerSearch.com we realise this is the case and that’s why our list of US FX brokers caters to everyone irrespective of their experience or how much money they are looking to invest.

Best US Forex Brokers
Rank #1 #2 #3 #4 #5 #6 #7 #8 #9 #10
Broker Forex Broker Inc. logo FXCM logo Forex.com logo Forex Club logo Interactive Brokers logo OANDA logo Belforfx logo Forex-Metal logo Profiforex logo FXCM Micro logo
Name Forex Broker Inc. FXCM Forex.com Forex Club Interactive Brokers OANDA Belforfx Forex-Metal Profiforex FXCM Micro
Editorial Review Read Read Read Read Read Read Read Read Read Read
Visit Site Sign Up Sign Up Sign Up Sign Up Sign Up Sign Up Sign Up Sign Up Sign Up Sign Up
Editorial Rating 4.33 4.02 3.93 3.91 3.84 3.82 3.80 3.52 3.48 3.33
Account Details
Commission/Service Fee No No No Yes Yes No No Yes No No
Minimum Deposit $5 $50 $250 $200 $2,000 $1 $100 $1 $1 $50
Maximum Leverage 500:1 200:1 200:1 100:1 40:1 50:1 400:1 1,100:1 500:1 200:1
Position Size - 1,000 1,000 1,000 - - - 11,000 1,000 1,000
Spread - EUR/USD 0.70 2.70 1.60 0.60 1.20 0.90 - 1.90 2.00 2.70
Spread - GBP/USD 0.70 2.80 2.60 1.80 1.30 2.50 - 3.00 3.00 2.80
Accept US Traders Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes
Market Maker Yes No Yes Yes No Yes No No No No
ECN Broker No No No No Yes No No Yes Yes No
Demo Account Yes Yes Yes Yes Yes Yes No Yes Yes Yes
MetaTrader 4 Yes Yes Yes Yes No Yes Yes Yes Yes No
MetaTrader 5 No No No No No No No No No No
Hedging No Yes No No Yes Yes No No No Yes
Scalping No Yes Yes Yes Yes Yes No No No Yes
Promotions
Bonus Yes No No No No No Yes Yes Yes No
Rebate No No No No No No No Yes No No
Payment Options
Credit/debit Yes Yes Yes Yes No Yes No Yes Yes Yes
Moneybookers No No No Yes No No Yes Yes Yes No
WebMoney No No No No No No No Yes Yes No
Wire Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes
PayPal No No No No No Yes No No No No
Company information
Name Noble Services Forex Capital Markets, LLC GAIN Capital Group Forex Club Financial Company, Inc. Interactive Brokers Group, LLC - - FM Financial Services Ltd Profiforex Corp. FXCM Inc.
Found in 2012 1999 1999 1997 1977 1995 2012 2005 2010 1999
Regulation Authority - NFA (US), CFTC (US) SFC (Hong Kong), ASIC (Australia) CONSOB (Italy), FCA (UK) DGCX (Dubai), BaFIN (Germany) ACP (France), AMF (France) NFA (US), CFTC (US) SFC (Hong Kong), ASIC (Australia) FCA (UK), FSA (Japan) SEC (US), IIROC (Canada) FINRA (US) NFA (US), CFTC (US) NFA (US), FCA (UK) SEC (US), NASD (US) FINRA (US), SIPC (US) NFA (US), CFTC (US) FCA (UK), DFSA (Dubai) IIROC (Canada), MAS (Singapore) - IFSC (Belize) - NFA (US), CFTC (US) SFC (Hong Kong), ASIC (Australia) CONSOB (Italy), FCA (UK) DGCX (Dubai), BaFIN (Germany) ACP (France), AMF (France)
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Risk Disclosure: fxBrokerSearch.com will not be held liable for any financial loss or damage caused by users acting upon any information contained within this website, not limited to and including: all numerical data, quotes, charts and buy/sell signals. Moreover, please be advised that Forex trading is one of the most volatile investment forms in the world and all trades should be placed with full consideration of the risks and costs.

fxBrokerSearch.com does not support nor encourage the execution of any investments. Trading with a margin is high risk endeavour and not suitable for everyone, therefore, each investor should carefully consider all relevant trading conditions, such as experience, risk and cost, before taking part in any type of trading, including Forex.

While every effort has been made to ensure all our data is as accurate as possible, fxBrokerSearch.com cannot be held responsible for any prices that are not in line with real-time data. Indeed, the currency exchange market is constantly changing and all CFDs (stocks, indexes, futures) and Forex prices are set by market makers.

This means advertised prices may not be accurate and could differ from the actual market conditions. For this reason it is not appropriate to rely on any data presented by fxBrokerSearch.com for the purposes of trading.

Based on these conditions, fxBrokerSearch.com will not be held responsible for any losses incurred through trades conducted in light of data presented on this site.