The foreign exchange market is more active than any other financial market in the world, with over $5 trillion swapping hands every day. This guide is focused on assisting US traders in finding the best forex broker for their style of trading.
We break down the best us forex brokers for commissions & spreads, trading platforms, execution, and overall quality. All of the top forex brokers we cover are regulated and licensed in the US by theNational Futures Association (NFA)and meet a strict set of criteria, ensuring protection from forex scams.
For a more in-depth comparison of top US brokers, or if you are trading outside of the US, visit our sister . Our annual FX Broker Review covers the top brokers for 2019, with over 60,000 words of research and 2,200+ data points spanning 28 firms.
As an early pioneer in offering contracts for difference (CFDs) and spread betting, IG was founded in 1974 and has grown to be a global leader in the online trading industry. IG is a London-based public company listed on the London Stock Exchanges FTSE 250 (LON: IGG).Read full review
Comprehensive research tools and real-time exchange data; Broad range of markets, currency pairs, and multi asset CFDs (including cryptocurrencies); Licensed in major regulatory jurisdictions; Competitive commission-based pricing and spreads on forex.
Web platform trading windows must be resized manually to keep the layout organized; Forex Direct only available to professional traders within EU.
Forex and CFD traders looking to trade a large number of instruments across multiple asset classes, including exchange-traded securities on international exchanges, will find IG offers an extensive range of tradable products on its platforms.
TD Ameritrades desktop trading platform, thinkorswim, offers an impressive combination of both design and functionality. The platform has virtually anything you could want, including live CNBC tv, trade alerts, real-time scanning, and practically every technical indicator under the sun for charting.Read full review
Powerful desktop charting that syncs with mobile; Wide array of premium research and trading tools through thinkorswim platform; Futures and options trading on forex and bitcoin futures.
Forex only available to US residents; No web-based platform offered for forex; Platform complexity may deter beginners.
For US-based investors and traders, TD Ameritrades thinkorswim platform is a sophisticated multi-asset desktop experience optimized for securities trading, including off-exchange spot forex and exchange-traded options and futures (including Bitcoin).
Licensed in highly regulated jurisdictions; Advanced charting capabilities in both desktop and web platforms; Platforms feature numerous channels of research content and trading ideas; Offers Cryptocurrency CFDs in the UK, and Bitcoin Futures in the US.
MT5 not yet rolled out; Ceased business of regulated activities in Hong Kong.
FOREX.com has plenty of options for Forex and CFD traders across its regulated offerings globally. With full-feature platforms, diverse trading tools, and comprehensive research, FOREX.com caters to traders of all experience levels.
Professional currency traders should consider Interactive Brokers. Interactive Brokers is well-known in the US stock and options industry as an active trading broker.IMPORTANT:To trade forex with Interactive Brokers in the United States, you must be classified as an ECP, An Eligible Contract Participant is generally an individual or organization with assets of over $10 MM (or $5 MM if trades are hedging).Read full review
Regulated in major jurisdictions and publicly traded; Extensive range of global markets and asset classes; Bitcoin futures trading supported; Competitive fees and discounts for high-volume traders.
Retail spot forex only offered to non-U.S. clients; Desktop platform too complex for inexperienced traders; Web platform lacks forex charts; Monthly minimum activity charges.
Professional traders and highly experienced investors looking for a complete multi-asset forex broker will find Interactive Brokers offers a comprehensive platform with competitive fees across multiple global financial markets.
Compare IG vs TD Ameritrade vs m vs Interactive Brokersside by side and view an industry-leading comparison based on over 100 different data points.
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