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

9.4/10
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FXCM $50
Standard: $2000, Mini: $50
None MetaTrader 4, Proprietary platform 1:200 FCA, NFA, ASIC, SFC, ACP 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 1:200 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

FOREX
FOREX Website

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FOREX.com, based in New Jersey, is operated by Gain Capital Holdings, Inc., a financial services company that’s been in business since 1999. GAIN Capital is listed on The New York Stock Exchange(NYSE: GCAP).

FOREX Review

FXCM
FXCM Website

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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

Forex Broker Inc
Forex Broker Inc Website

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Forex Broker Inc is a highly reputable Forex broker. It does its absolute best to increase its traders’ profits through its various bonus plans and trading tournaments. It is also one of the very few brokers in the industry to welcome USA traders. The appealing website is extremely easy to use and simple to navigate and it offers some of the best and most highly-regarded trading platforms in the industry.

Forex Broker Inc Review

OANDA
OANDA Website

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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. The company has been the recipient of several international awards and is regulated in six different countries under NFA, CySEC, ASIC, CFTC, MiFID, and FCA.

OANDA Review

eToro USA
eToro USA Website

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eToro USA is an American version of the famous eToro brand. eToro makes learning and mastering your Forex trading skills a fun experience with a graphical user 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.

eToro USA Review