Are you looking for the best Forex brokers in the US that will ensure your trading funds are safe and you are trading with a broker that has strong regulation?
You are in the right place!
In this post we go through the best brokers for traders in the US that are all strongly regulated.
These brokers all have different features and you will be able to find a broker to suit you depending on whether you need a Metatrader broker, a broker with a small minimum deposit or a broker that has top of the line customer support.
Compare Forex Brokers Fees:
Use our side-by-side comparison table to compare Forex broker accounts, spreads and fees.
Best Forex Brokers for US Traders
Forex.com (for US)
| Forex.com | Regulation | Min Deposit | Platform | Open an Account | |
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NFA, CFTC + Others | $100 | MT4, MT5, Web and mobile platforms | Trade Now |
Pros:
- Low FX fees.
- Numerous trading pairs.
- A wide range of research tools.
- Offers MT4 and other trading platforms.
Cons:
- Limited product portfolio.
- High stock CFD fees.
Forex.com has established itself as one of the best brokers in the world.
This is our number one recommendation for traders in the US as they have strong regulation including being regulated with the CFTC.
With Forex.com you get access to spreads as low as 0.2, the ability to trade on over 80 currency pairs and a wide range of trading platforms.
The MT5 platform on Forex.com comes with 20 free, easy to install EAs and custom indicators. When opening an account with forex.com you also get access to the full suite of downloadable, web, and mobile apps.
eToro
| eToro | Regulation | Min Deposit | Platform | Open an Account | |
 |
ASIC, FCA + Others | $50 | eToro Platform | Trade Now |
Pros:
- Easy to use trading platform.
- Smaller minimum deposit.
- Very large range of countries accepted.
- Quick and easy to open an account.
- Fast and helpful customer support.
Cons:
- Educational resources not as great as others.
- Only have their own platform and no Metatrader.
eToro is the world's leading social trading platform where you can both trading yourself and copy other professional traders.
eToro have a huge range of products and the main reason they have become so popular is because of their copy trading feature. This feature allows you to make consistent profits without having to make any trades yourself.
Using their in-depth statistics you can find the most profitable traders and start following them. You will then be copying their trades and making profits on the same trades.
eToro offer their own trading platform that is very easy to use on both desktop and mobile and allows you to quickly and easily make and manage your trades. The platform lets you quickly see your risk and the exact amounts you will make or potentially lose.
eToro accepts traders from all over the world and since 2018 they have also started accepting US traders which is a huge plus for all the US traders looking for a good broker with strong regulation.
IG Markets
| IG Markets | Regulation | Min Deposit | Platform | Open an Account | |
 |
ASIC, FCA, CFTC + Others | $300 | IG platform, MT4 and ProRealTime | Trade Now |
Pros:
- Accept traders from all over the world.
- Very strict regulation.
- Large range of platforms.
- Great customer support.
- Huge range of markets to trade.
Cons:
- Can have higher trading costs for some markets.
- Higher minimum deposit.
IG Markets is one of the biggest and most popular brokers in the world with regulation everywhere from the US through to the UK and Australia.
When trading with IG Markets you get access to the latest in cutting edge trading platforms that include Metatrader, IG's own platform and ProRealTime.
IG Markets is an award winning broker that you cannot just trade Forex with, but also shares and CFD products.
IG offer trading on a huge range of markets that include;
- Forex
- Indices
- Cryptocurrencies
- Shares
- Commodities
TD Ameritrade
| TD Ameritrade | Regulation | Min Deposit | Platform | Open an Account | |
 |
FEC, FINRA, FCTC | $0 | Web platforms and Thinkorswim | Trade Now |
Pros:
- Been operating since 1975
- No minimum deposit.
- Very strong and safe regulation.
- Elite trading tools to help your trading.
Cons:
- Costs can be higher.
- Support is not as great as some other brokers.
TD Ameritrade is a market leading broker that offer desktop, web, and mobile platforms that are designed for performance and built for all levels of traders.
With TD Ameritrade you get access to commision free trading and a large range of markets to trade from.
One of the major positives of this broker is that there is no minimum deposited to get started trading. Unlike many other large brokers this can be very attractive to traders who want to make a small deposit and test out a new broker.
Because of the strict regulation that TD Ameritrade has, this is one of the safest brokers on the markets especially for US traders who are looking for a new broker.
TD Ameritrade have been around since 1975 and offer leverage trading on a large range of markets that include;
- Stocks
- Options
- Mutual Funds
- ETFs
- Futures
- Forex
- Bonds
Is Forex Trading Legal in the US?
Yes, Forex trading is legal in the US.
To guarantee your funds protection you should make sure you are trading with a US regulated broker.
The CFTC in the USA is an independent agency of the US government that was formed in 1974 and regulates derivatives markets, which includes futures, swaps, and certain kinds of options.
Trading in the US with a CFTC regulated broker will ensure your funds are safe and you are with a reputable broker.
How to Start Trading in the US?
To start trading legally in the US you should find a broker that is tightly regulated in the US by the CFTC to ensure your funds are safely protected.
As we go through in our list above, the best brokers that are regulated by the CFTC and you can start trading with today are;
#1: Forex.com
#2: eToro
#3: IG Markets
#4: TD Ameritrade
What to Look for in a US Forex Broker
Correct Regulation
When looking to deposit and trade with a Forex broker it is incredibly important you make sure that the broker is strongly regulated. This will make sure you are getting the best trading conditions and your funds are safe. This will also ensure that if anything does go wrong with your broker that there is a complaint procedure in place to solve any issues.
Protection of Funds
If you are trading with a broker that either has no regulation or very thin regulation, then you funds are at risk.
The world's strongest regulators make brokers segregate client funds. This basically means that your funds are not pooled with the brokers. If anything happens to the broker, then your funds are not going to be at risk.
Negative Balance Protection
Negative balance protection can be incredibly important. In years gone past we have seen some huge market crashes and flashes. This has caused traders accounts to go well below what they first deposited and the broker coming after them for the extra money they have lost.
Having a broker with negative balance protection means that you cannot ever lose more than what you deposit.
How to Check if US Broker is Regulated
If you want to see if a broker is regulated in the US, then you can check the CFTC register at their website here.
This register will help you make sure that the broker you want to trade with is in fact regulated and correctly registered with the CFTC.
FAQ's
Is Forex trading legal in the US?
Yes, Forex trading is legal in the US. To guarantee your funds protection you should make sure you are trading with a US regulated broker.
How do I check if Forex broker is regulated in the US?
If you want to see if a broker is regulated in the US, then you can check the CFTC register at their website here; https://www.cftc.gov/LawRegulation/FederalRegister/index.htm
How do I start trading in the US?
To start trading legally in the US you should find a broker that is tightly regulated in the US by the CFTC to ensure your funds are safely protected.
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