Top 5 US Forex Brokers

If you’re a US citizen trying to choose between different US Forex brokers, you’ve probably realized that your options are more limited than those available to international traders. US Forex brokers must be regulated by the NFA or CFTC, and are subject to stringent restrictions which are designed to protect US traders. NFA regulated brokers must limit their leverage to 50:1 and conform to rigorous record-keeping and reporting requirements.

Nevertheless, there are dozens of NFA regulated Forex brokers in the USA that offer reliable service and user-friendly platforms. We’ve tested the trading platforms, customer service and ease of use of the top US Forex brokers and recorded our findings to help you choose the NFA regulated broker.

Broker's Name Minimum Deposit Deposit Bonus Type of Platform Maximum Leverage Regulation Rating More Info
FXCM $50
Standard: $2000, Mini: $50
None MetaTrader 4, Proprietary platform 1:200 FCA, NFA, ASIC, SFC, ACPR Accepts US clients
Accepts US clients

9.4/10
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FOREX $250 None MetaTrader 4, Proprietary platform 1:50 FCA, NFA Accepts US clients
Accepts US clients

9.4/10
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Forex Broker Inc $100 100% MetaTrader 4, Sirix 1:500 None

9.3/10
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4 OANDA $1 None MetaTrader 4, Proprietary platform 1:48 CFTC, FCA, NFA, ASIC, IIROC Accepts US clients
Accepts US clients

9.0/10
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5 eToro USA $50 $100 Proprietary platform 1:400 CFTC, NFA Accepts US clients
Accepts US clients

8.8/10
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US Forex Brokers

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FXCM Holdings, LLC has been listed as one of the fastest growing companies by Inc. 500 List of America’s Fastest Growing Companies three years in a row (2004-2006). FXCM Holdings, LLC is headquartered in New York, with offices around the world including U.K., Japan, Hong Kong, France, Italy, and Australia, and is regulated and licensed in each of them. FXCM has over 165,000 tradable accounts on its platforms and a monthly average of over $250 billion in trade volume. See review of FXCM at DailyForex.com.

FXCM Review
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FOREX.com is based in New Jersey and is operated by Gain Capital Holdings, Inc., a financial services company that has been in business since 1999. GAIN Capital is listed on The New York Stock Exchange (NYSE: GCAP). FOREX is a highly regulated Forex broker throughout Europe and Asia and has won rewards for the best research and analysis by FX Street for 2014 and 2015.

FOREX Review
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Forex Broker is a Forex broker that focuses on increasing its traders’ profits through a variety of bonus plans and trading tournaments. The website is easy to use and appealing and it offers some of the best and most highly-regarded trading platforms in the industry. Forex Broker is one of the few brokers in the industry to welcome USA traders and has taken upon themselves the strict scrutiny of U.S. regulators. This offers traders a greater degree of comfort and trust in the company.

Forex Broker Inc Review
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OANDA is a multi-faced financial services Forex and CFD broker and market maker. Founded in 1996, OANDA is based in New York and is available for traders in the U.S., Canada, Asia and Europe. OANDA was the first broker in 1995 to offer a broad range of currency exchange-rate information free of charge over the Web. Today, it possesses one of the world's largest and most accurate databases of currency rates, handling more than a million queries a day.

OANDA Review
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eToro USA is an American version of the famous eToro brand. eToro makes learning and mastering the necessary Forex trading skills a fun experience with a graphical and user friendly interface while offering a competitive platform for more experienced traders. eToro USA is an introducing broker of FX Solutions, enabling eToro to trade in the US without receiving NFA regulation while benefiting from eToro's famous game-like trading platform.

eToro USA Review