US Forex Brokers

Do you live outside the USA? If so, the brokers listed below may not be regulated in your country. For our list of best internationally regulated brokers, see our global brokers list.

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 a handful of NFA regulated Forex brokers in the USA that offer reliable service and user-friendly platforms (there are also several US-based Forex brokers that operate within the country's borders without the necessary regulation).  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.

If you're looking for a Forex broker outside of the United States, check out our Forex brokers reviews list to find the broker that's appropriate for you.

Help me choose a broker
Help me choose a broker
Welcome to our "Help Me Choose A Broker" help desk. We are happy to provide all traders with this special service so that you can find the best Forex broker to meet your needs. All you have to do is fill in your trading information in the 3 easy steps below and we will connect you with the broker that is most compatible for you.


Please answer the following questions:

The advanced broker matching tool uses an algorithm to match the criteria you have selected as relevant to your trading with the most updated services provided by the long list of brokers we review. We’ve successfully matched hundreds of traders with the most appropriate brokers and we look forward to helping you as well.
Finding a Forex broker has never been so easy!
Thank you.
Your information has been successfully sent to us.
We will handle your request as soon as possible.
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US Forex Brokers

AlfaTrade
AlfaTrade
AlfaTrade

AlfaTrade, founded in 2010, is a Forex broker owned by Alfa Trade (UK) Ltd. It is located in London, UK and is FCA (Financial Conduct Authority) authorized and regulated. Since its inception, AlfaTrade has gained a global reach of more than 150 countries throughout the world.

AlfaTrade Review
SunBirdFX
SunBirdFX
SunBirdFX

Sunbirdfx was founded in 2005 and is headquartered in London, UK. Sunbird is a Forex and CFD broker and a no dealing desk (NDD ) broker where traders can connect directly with international banks through an ECN for the best price feed regardless of account size.

SunBirdFX Review
eToro

eToro, founded in 2007 and domiciled in Limassol, Cyprus, is a leading social site on the global scene with over 6M traders. It is regulated by CySEC, MiFID, FCA and has been the recipient of several awards.
Your capital is at risk .

eToro Review
NSFX
NSFX
NSFX

NSFX is a Maltese based investment provider that services the English, French, German, Italian and Arabic markets. NSFX is regulated in Malta by the Malta Financial Services Authority, MFSA, as well as MiFID, FSA, BaFin, and other local licensing authorities. NSFX Ltd. is partnered with Tier 1 Investment Grade European & International Banks that enjoy some of the highest ratings by Moody's, Fitch and S&P. It has partnered with Barclays, CitiFX Pro, UBS and Deutsche Bank enabling them to utilize stable banking facilities with minimized exposure to credit risk. With NSFX traders can trade commodities including Gold, Silver and crude oil, Forex, Indices and CFDs. NSFX is one of the nicest brokers I have reviewed in a long while with all its features displayed and easily accessed. The website if full of interesting items that seem to pop up from nowhere.

NSFX Review
FXCC

FXCC, founded in 2010 and domiciled in Limassol, Cyprus, is a regulated Foreign Exchange Broker that offers a wide range of trading technologies and services. Their ECN/STP business model allows clients to take advantage of transparent real-time pricing. The FXCC website is intuitive and user-friendly. We had no trouble finding the information and services that we were looking for. FXCC is regulated by CySec, MiFID, FCA in the UK and ICF in Cyprus and caters to all levels of Forex traders looking for a full service ECN brokerage.

FXCC Review
Easy Forex

Easy-forex is a leading provider of online trading services. It is headquartered in Cyprus with offices, FX trading rooms and customer support centers in over 160 countries worldwide. It assumes the position of a market maker and is licensed in Cyprus by CySEC, in Europe with MiFID and in Australia by ASIC. Among its 175 trading products, easy-forex offers a wide range of energy commodities including WTI Crude Oil, Brent and others. Its bonuses and contests are lucrative and fun.

Easy Forex Review
FXTG
FXTG
FXTG

FXTG (Forex TG), a Forex broker out of Australia has all the necessary tools to become successful brokers. FXTG aims to satisfy their clients and offer them assistance in the most professional manner. FXTG employees do their utmost to provide quality and efficient service to all their clients. With low fixed spreads, FXTG is a great choice.

FXTG Review
XForex
XForex
XForex

XForex is a retail Forex broker that opened its doors in Cyprus in 2003. It is under CySec regulation as well as by the Australian Securities and Investment Commission (ASIC) and several other licensing agencies. XForex offers many currency pairs with a tight fixed spread which makes this broker an attractive choice for traders seeking stable trading environments. Additionally, the ability to trade spot metals is a big advantage as the gold and silver markets have become quite attractive over the last several years.

XForex Review
Forex Place
Forex Place
Forex Place

Forex Place (4XP) is an impressive Forex broker that obviously aims to service brokers worldwide. The company clearly invests time and money on the trader’s first impression because their website is remarkably clean, fast, straight forward, visually appealing, and simple to use. 4XP offers a web-based platform and a downloadable option as well as a mobile trading platform. 4XP is also available in 10 languages, so people from around the world can benefit from its ease of use.

Forex Place Review
FxPro
FxPro
FxPro

FxPro is a full-service company that caters to both experienced and beginner traders. Founded in 2007, FxPro has established itself as one of the leading Forex brokers in the industry. Despite its small size, it offers the same features and services as larger trading companies and even more including a wide range of options and a landing page that is chock full of useful information. Navigation throughout the site moves along at a rapid clip and opening either a real or demo account is quick and easy.

FxPro Review

Forex Brokers Operating Under US Regulations

Do you live outside the United States of America? If so, the brokers listed below may not be regulated in your country, and even if they are, you have a much wider pool of potential to choose from. For our list of best brokers regulated outside the United States, see our global brokers list.

If you’re a United States citizen or even simply resident in the United States and trying to choose between different United States Forex brokers, you’ve probably realized that your options are more limited than those available to international traders. Since 2010, the Dodd-Frank Act has been the major source of law governing Forex within the United States, and its provisions were stringent enough to almost kill off the burgeoning American Forex industry. All Forex brokers able to offer their services within the United States, even including “introducing” Forex brokers, must secure registration as a retail foreign exchange dealer from the Commodity Futures Trading Commission (CFTC) and as a futures commission merchant from the National Futures Association (NFA). Regulated Forex brokerages in the United States are subject to very stringent restrictions which are (allegedly) designed to protect US traders, although many industry analysts suspect that such restrictions are more the result of intense lobbying by the options/futures/stock brokerage industry, which is a far bigger business there than Forex has ever been, and are designed primarily to protect the interests of that industry rather than the interest of aspiring retail Forex traders or investors. Interestingly, the Securities Exchange Commission (the SEC) has no jurisdiction over Forex in the United States as Forex currency pairs are not deemed to be a “security”.

An additional restriction placed upon U.S. Forex brokerages is that they aren’t allowed to offer CFDs (contracts for differences) as tradable products to their clients. Furthermore, NFA regulated brokers must limit their leverage to 50:1 and conform to rigorous record-keeping and reporting requirements. However, it is worth noting that 50:1 leverage is considerably higher than the maximum limit placed upon Forex / CFD brokerages in the European Union, which regulators have set at 30 to 1. Both maximums are higher leverage than any Forex trader should ever need to use anyway. Another well-known, tedious and frankly pointless restriction specific to the U.S. is an effective ban on hedging due to the FIFO (first in, first out) rule which stipulates that traders with multiple positions of the same size in the same asset must close a position opened earlier than a position opened later, as the rule’s title suggests. This may sound painful, but two reasonably straightforward work arounds are opening two different Forex brokerage accounts (it can be difficult to do this with the same broker) or always opening trade positions of slightly different sizes. The second option can be challenging to execute if you are not well capitalized. Despite these minor obstacles, there are a handful of Forex brokers in the United States successfully maintaining NFA regulation offering reliable services and user-friendly platforms (there are also several “offshore” Forex brokers operating outside the United States without American regulation, although most. brokerages outside the United States expressly refuse to accept U.S. persons as clients). We’ve tested the trading platforms, customer service and ease of use of the top U.S. Forex brokers and recorded our findings to help you choose an NFA-regulated brokerage.

Before you start making comparisons to make a selection, you might ask, what are the characteristics of Forex brokers regulated in the United States? They are primarily market-making brokers with few ECN / STP execution models available. Very few of them are well-known globally, and one or two of them are primarily futures brokers offering Forex as a sideline. At least one broker falling into this category requires clients to have a liquid net worth of at least a quarter of a million dollars in order to trade Forex even without using any leverage at all, and it is hard to see much sense in that when other asset classes are demonstrably far riskier. However, don’t worry, it is still entirely possible to find a good regulated Forex brokerage in the United States. If you're looking for a Forex / CFD broker outside of the United States, check out our Forex broker reviews list to find another broker that's appropriate for you.

Help me choose a broker
Help me choose a broker
Welcome to our "Help Me Choose A Broker" help desk. We are happy to provide all traders with this special service so that you can find the best Forex broker to meet your needs. All you have to do is fill in your trading information in the 3 easy steps below and we will connect you with the broker that is most compatible for you.


Please answer the following questions:

The advanced broker matching tool uses an algorithm to match the criteria you have selected as relevant to your trading with the most updated services provided by the long list of brokers we review. We’ve successfully matched hundreds of traders with the most appropriate brokers and we look forward to helping you as well.
Finding a Forex broker has never been so easy!
Thank you.
Your information has been successfully sent to us.
We will handle your request as soon as possible.
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