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

ForexWebTrader
ForexWebTrader
ForexWebTrader

ForexWebTrader is a sophisticated forex trading platform that’s designed clearly enough for the novice or experienced trader. The site’s combination of offering more than 45 different trading pairs, along with a virtual tour and live help features, make it one of the more comprehensive forums available.

ForexWebTrader Review
DBFX
DBFX
DBFX

When encountering DBFX for the first time, I was immediately taken aback by what seemed to be a serious and established brokerage. Their site is well organized and their offering is quite broad. The site is available in three languages Arabic, Chinese, and English, which is a relatively small number of languages compared to other brokers.

DBFX Review
MB Trading
MB Trading
MB Trading

MB Trading Futures Inc. has been in operation MB Trading Futures Inc. as since 1999. It is based in California, USA and is one of the few ECN (Electronic Communications Network) brokers out there that offer trading in Forex, stocks, commodities, and futures on multiple platforms for both web and desktop traders. It is regulated by the NFA in the U.S.

MB Trading Review
GFT Forex
GFT Forex
GFT Forex

GFT Forex is known for its dazzling charts and prompt customer service. At the heart of the GFT platforms are the DealBook 360, a 20 MB-plus downloadable trading engine that power the Demo, the Mini, and the Standard. The Standard is the full-featured crown jewel of the line; the Mini is less robust. GFT Forex is for the trader who is serious about Forex and wants to become more adept at playing the market

GFT Forex Review
Finotec
Finotec
Finotec

Finotec, located in the London, U.K. is a division of leading real-time Internet trading company Finotec Trading Inc. which pioneered the world of online Forex trading in 1998. At that time, they began by managing a Risk Book brokerage business and accumulating a deep understanding of all aspects of the Fxspot leveraged business. In 2001, they introduced their Forex online trading platform so they could serve clients in many locations worldwide. It now offers real-time Internet trading not only in currencies, but also in options, commodities, CFD’s, and stocks. Finotec is regulated by the Financial Conduct Authority (United Kingdom).

Finotec Review
Caya
Caya
Caya

Caya Capital Markets is a new broker providing online trading in forex, stocks, oil futures, and metals. They are based in New Zealand and London, with affiliates in Dubai, Amman, East Europe, Thailand, South Africa, and South America.

Caya Review
InterTrader
InterTrader
InterTrader

InterTrader is a reasonably well-established online Forex and CFD market-making brokerage launched in 2012. They are headquartered and regulated in Gibraltar by the Gibraltar Financial Services Commission. They offer traders the opportunity to trade a wide range of instruments wrapped as CFDs (Contracts for Difference), even including a selection of individual shares and futures contracts. InterTrader offer trading in 45 forex currency pairs, 10 commodities, 14 equity indices, and 2 cryptocurrencies across both major and minor financial markets, as well as rarer instruments such as 3 bonds and interest rates types. All accounts operate on a No Dealing Desk (NDD) execution model.

InterTrader Review
DeltaStock
DeltaStock
DeltaStock

Deltastock, incorporated in 1998 and headquartered in Sophia, Bulgaria, is an online Forex and CFD broker regulated under MiFID. It is also regulated by the Bulgarian Financial Supervision Commission a member of the ESMA (European Securities and Markets Authority) as well as the FSC. Deltastock offers one of the most user-friendly interfaces in the industry. With a low minimum deposit for both Forex and CFD trading and multiple regulations to secure the utmost in client safety, Deltastock makes every effort to serve the needs of both new and experienced traders.

DeltaStock Review
GCI Trading
GCI Trading
GCI Trading

The Forex brokers industry is overflowing with options from which a trader can choose. The name of the game is to find a broker that stands out and GCI Trading definitely accomplished that. As usual, the very first thing you will encounter is the GCI Trading website. Putting aside the actual design of the site, which to be quite honest, did not catch my eye, the site is easy to navigate, and enables users to find all the basic information without too much effort.

GCI Trading Review
Bloombex
Bloombex
Bloombex

Bloombex offers an exclusive trading platform that was developed in-house by Forex traders over a five-year period. Although the company claims that the platform is suited for both new and advanced traders, we found that it’s much more appropriate for new traders. Experienced traders may be disturbed by the fact that technical charting tools are left out of site, and must be opened separately. Read our full Bloombex review to determine if this Forex broker is right for you.

Bloombex 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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