Best Forex Broker in USA 2022: Top US Forex Brokers List

The foreign exchange market, also known as the Forex market or the FX market, is the global market that witnessed a trading volume of almost $6.6 trillion every day. Foreign exchange refers to the process of exchanging one currency trading with another for different reasons that include tourism, international trading and investment, and commerce. The national currencies are traded against each other in the form of exchange rate pairs.

For instance, the EUR/USD is a pair of currencies that refers to the forex trading of the Euro against the US Dollar. The markets of foreign exchange exist in the forms of spot markets, currency swaps, options, futures, offering forwards, and derivatives markets. Most of the forex participants use the system of foreign exchange for hedging against interest rate risks and international currencies and also for diversifying their portfolios and speculating on geopolitical events.

About US Forex Brokers

An online forex broker or a trading foreign exchange broker of the USA facilitates the buying and selling of national currencies on behalf of the registered client of the forex platform in exchange for a commission fee. Forex brokers USA act as middlemen to match the buying and selling orders of their clients to the orders of other clients. The US clients of the best forex brokers in USA include traders of retail currency who employ the forex platform for speculating the currency exchange rate patterns, and choosing the best broker for forex trading in us.

Forex brokers accepting US clients also include financial service companies that conduct FX trading on behalf of individual customers and investment banks. Individual best broker for forex companies contributes nominally to the daily trading volume of the forex market, like many forex companies in usa. The best forex broker in the US deals with the currencies of ten countries that are members of the G10 group. Forex broker offers list that accept us traders have these currencies include the Euro (EUR), the US Dollar (USD), the Swiss Franc (CHF), the Canadian Dollar (CAD), the New Zealand Dollar (NZD), the Australian Dollar (AUD), the Japanese Yen (JPY), and the Pound Sterling (GBP).

Best Forex Broker in USA

  1. IG US:- Best for Trading CFDs and Forex
  2. TD Ameritrade:- Best for Online Stock Trading & Long-Term Investing
  3. Best for Active Foreign Exchange Traders & Trading CFDs
  4. Interactive Brokers:- Best for Active Traders & Institutional Investors
  5. ATC Brokers:- Best for Institutional Clients & Beginner Traders
  6. Ally Invest:- Best for Forex Traders
  7. NinjaTrader:- Best for Forex, CFDs, & Futures Traders
  8. Colmex Pro:- Best for Private Investors & Retail Traders
  9. Alpho:- Best for Forex & Cryptocurrency Traders
  10. Rockfort Markets:- Best for Professional Traders & Retail Traders

Top Forex Brokers in USA List

From our in-depth research we have gathered the top 10 US regulated forex brokers below, so gather the information about the best forex platform USA platforms to select the preferable one for you.


IG US was launched in 2019 in the USA by the IG Group of the UK. The primary services of the site include exchange copy trading services. Currently, the site focuses on enabling FX traders to trade in 80 international currency pairs with a dynamic trading strategy. The copy trading interface is highly customizable and the site is known for providing a host of complex instruments of trading to the forex industry participants.

IG US Features

Regulated By CFTC, NFA, FDM, RFED
Best For Best for Trading CFDs and Forex
Year Founded 2019
Minimum Deposit No Minimum Deposit
Maximum Leverage 30:1 (Forex); 5:1 (Stock CFDs); 20:1 (Stock Index CFDs)
Tradable Assets Forex, Options, Stocks, ETF, CFDs, Cryptocurrencies

The brokerage site IG US is subject to the strict rules and regulations of the Commodity Futures Trading Commission (CFTC), the NFA, the Forex Dealer Member (FDM), and the Retail Foreign Exchange Dealer (RFED).

IG US - Best Forex Broker for US Clients

Reviews reveal that the broker website is best brokers for trading CFDs and forex investors. IG US was established in the year 1974 in the UK, IG was launched in the US in 2019. There is no minimum initial deposit amount set for trading at IG US for bank transfers whereas the deposit fee is $300 for transactions via PayPal and bank cards. However, you can visit here for more details to explore its services.

Pros and Cons of IG US

Pros Cons
The trading platform is top-notch. The CFDs and forex trading fees are exorbitant although the demo account is free.
The trading platform accepts a variety of payment methods. The online broker portfolio is limited.
The educational tools are very helpful, especially during demo account trading.

Fee Structure

The fee is low for S&P 500 CFD and nil for the demo account. The amount of the fee is built into the price spreads where 0.4 points is the mean cost of the spread during the peak hours of trading. For the Europe 50 CFD, the trading fee is low and based on the spread. The average cost of the spread is 1.5 points during peak hours. US traders seeking to trade in the EUR/USD pair need to pay a high amount.

The EUR/USD trading fee is built into the spreads having an average cost of 0.6 pips during the peak session of trading. The inactivity charge is not as high as other forex trading platforms USA. It is set at $12 per month for two years of constant inactivity. IG US charges a high forex fee in which the benchmark is set at $20,000. The ETF and stock commission fee is $2000 while the options fee is only $01.1 which is quite low.

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TD Ameritrade

The proprietary trading platform of TD Ameritrade is renowned for being associated with more than 7 million traders who engage in over 65,000 trades of online business every day. It is an online brokerage firm offering a wide variety of unique copy trading tools to users along with the innovative Thinkorswim feature that allows US traders access to hundreds of charts that graph technical data in real-time. In the online forex brokers, there is also a Peer Comparison tab to access the recent performance history of the asset classes in the foreign exchange market.

TD Ameritrade Features

Regulated By FINRA, SIPC
Best For Best for Online Stock Trading & Long-Term Investing
Year Founded 1975
Minimum Deposit $50 (Electronic Funding)
$2,000 (Margin or Option Privileges)
Maximum Leverage 2:1 (Margin Account); Otherwise Leverage changes about how much money you have towards 3:1 or 4:1
Tradable Assets Forex, E-Minis, Futures, Options Contracts, Mutual Funds, CFDs, Bonds, ETFs, Stocks

TD Ameritrade broker is regulated by FINRA and the SIPC. The site is the best for CFD trading and forex investors, traders and also supports mobile trading (mobile app). The brokerage service site was established in 1975.

TD Ameritrade - Best Broker for Forex in USA

The minimum deposit fee to be made by the traders at TD Ameritrade is only $50 for a standard account and $2000 for a margin trade account. It offers maximum leverage of 9% on the margin account balance to experienced traders who trade forex. Although, read our honest TD Ameritrade review and know more about the trading platform in detail.

Pros and cons of TD Ameritrade

Pros Cons
The knowledge and educational program are insightful. Fractional shares are not available.
The mobile trading (mobile app) and desktop platform versions are highly interactive. The fund fees and account fees are higher.
A wide range of available investment selections and advanced trading platforms. The uninvested amount is limited from getting automatically absorbed into the money market fund.

Fee Structure

A positive aspect of this broker’s trading platform is the offer of grand bonuses and promos. There are cash bonuses worth $100 and promotions of $1000 for deposits between $25,000 and $99, 999. TD Ameritrade does not charge any fee for ETF and equity trading. The site allows trading in forex in the increment of 10,000 units based on the currency pairs without charging a commission fee.

The margin account interest rate varies between 7.75% for more than $10,000 and 9.5% for less than or equal to $10,000. The fee for trading in futures is set at $2.25 for every contract and the live broker charges a fee of $25 for every trade forex in each asset class. There is a withdrawal fee to be paid depending upon the type of withdrawal. For local wire transfers, it is $25, whereas account transfers cost $75. The broker charges a commission fee as well as $25 extra for forced margin sellouts. The trading platform does not impose an inactivity fee.

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The trading platform of is known for its tight spreads, wide range of financial markets, and for being highly interactive and customizable in layout. It is one of the biggest CFDs and forex brokers in USA that operates in association with more than 300 international financial markets. The traders at use the Direct Market Access feature (CMC markets) to trade directly using the set of innovative draw trading tools, 100 technical indicator trading tools, 15 time-frame trading instruments, and several highly advanced chart trading tools that get updated in real-time. Features

Regulated By CySec, CIMA, IIROC, FSA, FCA, CFTC, NFA
Best For Best for Active Foreign Exchange Traders & Trading CFDs
Year Founded 2001
Minimum Deposit $100
Maximum Leverage 50:1
Tradable Assets Forex, Options, Futures, Stocks, Cryptocurrencies, CFD

The broker website of is governed by CySec, CIMA, IIROC, FSA, FCA, CFTC, and NFA. is highly recommended for active exchange traders and for trading CFDs. has been in operation since 2001 as a part of the GAIN Capital Holdings (established as CMC markets). One needs to make a minimum deposit of only $100 to activate the trade account on the site. However, check broker review to know more details on the trading platform. - Best Forex Broker for US Traders

Pros and cons of

Pros Cons
The asset portfolio is quite diverse. The account protection level is not high for US-based clients.
The web platform hosts insightful TradingView charts. There is no guarantee of stop losses.
The Learn To Trade course of video tutorials and webinars is very extensive and useful. The website maintenance routine is below par.
The AutoChartist trading instruments provide in-depth live charting and options trading services to users.
Customer support is available 24×6.

Fee Structure

The forex traders do not need to pay any fee as the US forex brokers obtain their commission from the spreads. The range of the spreads varies on an average between 0.84 pips and 1.9 pips. The users of the premium account need to deposit only $10,000 and conduct trading in 30 standard lots every month to obtain up to about 15% off on the standard pricing. Users who remain inactive for an entire year have to pay a penalty fee of $15 per month. The website imposes a steep swap fee on US traders holding their trading positions overnight.

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Interactive Brokers

Founded by the IB group, the website of Interactive Brokers facilitates trading in more than a hundred financial markets spanning 24 nations. The users at IB can open retail investor accounts for short-term trading, margin accounts for trading in securities, futures, and options, and portfolio margin accounts for high-leveraged trading.

The most attractive feature of the website is the Trader Workstation that enables the users to trade forex in a wide range of asset classes while gaining free access, (free trades) to the earning calendars and trading limits. The website provides forex traders with more than 124 different charts along with index overlays, alerts, and trade history reports, for the technical and fundamental analysis of the global markets (CMC markets).

Interactive Brokers Features

Best For Best for Active Traders & Institutional Investors
Year Founded 1993
Minimum Deposit $10,000
Maximum Leverage 200:1, 100:1, 50:1
Tradable Assets Forex, Options, E-Minis, Futures, Stocks, Cryptocurrencies, CFD

According to recent reviews, the Brokers website, which is also an online forex brokers, is subject to the laws and CFTC rules of the Securities and Exchange Commission, the Financial Conduct Authority, the NYSE, and the Financial Industry Regulatory Authority. It is ideal for active traders and institutional investors. However, the Brokers was established in 1993.

The minimum deposit amount is slightly higher than that of most best forex broker US platforms and set at $10,000. The margin leverage at the Brokers varies between 1.41% and 1.91% for account holders with a balance of more than $1 million. Apart from this, one must check our review on the platform to learn more.

Interactive Brokers - Best Broker for Forex Trading in US

Pros and Cons of Interactive Brokers

Pros Cons
The asset portfolio is excellent. The SmartRouter online trading feature is not available for Life users.
The order execution speed of the brokers is very fast. The customized trading algorithms cannot be back-tested, unlike other FX trading platforms.
The rates of margin interest are low. The broker web platform is not suitable for new traders, unlike other US brokers.
The advanced trading tools are technically sound.

Fee Structure

The fee structure of the US-based platform is somewhat complicated. Users have to pay a fee of $5 for trading in 1000 shares. The broker website charges the same fee for penny stock trading. For options trading at the platform, the fee is $0.65 for every contract with a minimum commission amount of around $1.

Broker-assisted equity trading costs $30 whereas fx trading is charged in the range of 0.2 and 0.08 pips on the basis of the trading volume. The commission rate is low and fixed at $0.005 with a minimum of $1. The broker website imposes an exposure charge on the customers who engage in margin trading of high risk.

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ATC Brokers

ATC Brokers works on the basis of the agency broker model of trading by providing solutions on competitive pricing and ECN aggregation in association with top-tier banks. The online platform allows trading with narrow spreads in a wide variety of asset classes. Retail investor accounts lose money if not careful while trading.

ATC provides exclusive offers of extensive knowledge, trading ideas, and educational content along with an insightful economic calendar that helps users keep track of daily market events and global news. The users can open joint, individual, or corporate ECN accounts to trade at a leverage ranging between 1:30 and 1:100. The MetaTrader4 broker website of ATC Brokers supports stop, limit, and market orders for FX trading.

ATC Brokers Features

Regulated By FCA, CIMA
Best For Best for Institutional Clients & Beginner Traders
Year Founded 2012
Minimum Deposit $5000
Maximum Leverage 100:1
Tradable Assets Forex, Commodities, Indices, CFD

According to reviews, the ATC Brokers website is regulated by the FCA and the CIMA. The STP model of trading is highly suited to the trading interests of institutional clients as well as new traders. It was founded in 2012. One needs to make a deposit of at least $5000 via VISA, Union Pay, or Skrill to activate the trade account. The maximum leverage is 100:1 for professional forex and CFD traders.

ATC Brokers - Comes in Best US Regulated Forex Brokers

Pros and Cons of ATC Brokers

Pros Cons
Allows investment through PAMM and Trade Copier accounts. The brokers of the website do not provide offers of bonuses.
Many best US regulated forex brokers of this site provide services of direct and free access to liquidity providers with STP and ECN technologies. The forex accepts fees for every service, unlike other American brokers.
Supports trading in a wide range of asset classes.

Fee Structure

The trading fee starts at 0.3 pips for the spreads of EUR/USD currency pairs. For the significant indices like the FTSE 100, the spreads are 0.6 pips, whereas, for precious metal commodities like silver, the spreads are 0.7 pips. The best forex brokers USA of the broker companies accept a commission fee of 40.60 for mini contracts and $6.00 for the standard contracts.

The web based platform also charges dormant account fees that are either the remaining balance in the account or $50. The dormant accounts are accounts that have been inactive for at least half a year. A $40 fee also has to be paid during the withdrawal of funds. The forex traders of the USA industry have to meet the swap fee to access their trading positions overnight.

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Ally Invest

Ally Invest is the broker branch of Ally Bank that is renowned for offering an extensive variety of options, competitive pricing, & analysis tools. The investment site is designed for trading in derivatives and securities. It is an online broker, regulated brokerage service firm that enables the forex and CFD traders to open two types of accounts: managed Robo portfolios and self-directed accounts.

The best part of the ally brokerage bonus platform is that it offers a grand cash bonus offer against a minimum deposit amount of $10,000. The most convenient features include the Stock Screener, Options Screener, ETF and mutual fund Screener, and Fixed Income Screener that allow the user to analyze the valuation, price performance, fundamentals, and other parameters of the asset classes during the trading sessions like forex and cfd traders.

Ally Invest Features

Best For Best for Forex Traders
Year Founded 1919
Minimum Deposit $0 (Self-directed Forex Trading Accounts)
$100 (Portfolio Accounts)
Maximum Leverage 50:1
Tradable Assets Forex, Options, ETFs, Bonds & Fixed Income Instruments, Penny Stocks, Mutual Funds, Stocks

The Ally Invest site broker is regulated by authorities including FINRA, the SIPC, the CFTC, the FDIC, and the SEC. The forum is ideal for the best broker for forex in USA for traders. The best forex trading platform of Ally Financial Inc was founded in 1919 and Ally came into the picture in 2014.

Ally Invest - Top US FX Brokers

The minimum deposit amounts are $0 and $100 for self-directed forex trading accounts and managed portfolio accounts respectively. The brokers impose margin calls during stock trading that acts as leverage on the margin.

Pros and Cons of Ally Invest

Pros Cons
The site is user-friendly and highly intuitive. Multi-contingent orders are not supported.
Financial consolidation among investment, finance, personal finance, and banking is easily facilitated. The site does not allow crypto trading.
The fees and trading costs of trading are low.

Fee Structure

Ally Invest does not impose any commission fee on customers who trade in ETFs, stocks, and options. There is neither any inactivity fee nor any annual fee. However, the site charges a nominal contract fee of around $0.50 for each option along with a transfer out fee of $50. The site makes it mandatory to make a minimum purchase of at least $100 for users who seek to trade in Pink Sheet stocks and penny stocks.

The broker site also adds an extra 1% of the fee on every share on the complete order for the stocks that are priced between $2 and $4.95. Traders have to pay a fee of $1 for trading in government-issued stocks and a fee of $9.95 for mutual funds. The platform also charges a fee of $20 for live broker trading.

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The site of NinjaTrader offers extensive broker and software services along with a variety of live trading, analytical, and charting tools. NinjaTrader also offers premium features that include back-testing, automated trading, and advanced traders order account types.

The Order Flow feature of NinjaTrader allows the user to engage in strategic copy trading using volume bars, market depth, order flow along with a license for a lifetime which is user friendly. A positive aspect of NinjaTrader is the educational content available at the site in the form of course documents, webinars, and video tutorials.

NinjaTrader Features

Regulated By NFA
Best For Best for Forex, CFDs, & Futures Traders
Year Founded 2003
Minimum Deposit $50
Maximum Leverage Upto 50:1; NinjaTrader provides forex traders with leverage of $50 for Micro contracts and $500 for the futures markets.
Tradable Assets Forex, Options, E-Minis, Futures, CFD

The site of NinjaTrader is regulated by the NFA. The forum is best suited for forex and futures traders and for trading forex and cfd. The site was established in 2003. The customers need to deposit at least $50 to start trading on the platform. Although, check our genuine NinjaTrader reviews to know all the details & services.

NinjaTrader - Top-tier Forex Brokers USA

Pros and Cons of NinjaTrader

Pros Cons
The web platform interface is highly engaging and intuitive. The withdrawal fee is too high.
The trading fee is considerably low.
The educational content is superb.

Fee Structure

NinjaTrader charges a high inactivity fee of $25 but its trading fee is low. It is recommended that one upgrades the trading license to the Lifetime level to pay lower trading fees. There are three types of licenses depending on which the account fee varies for the users. The Free License users do not need to pay any account fee. The Lease License holders pay $720 annually and the Lifetime license holders make a lump sum payment of $1099 to trade freely for the rest of the membership period.

The futures trading fee is very low, especially for the stock index futures of the US. The order routing fee depends upon the type of connection. For Continuum connection, the order routing fee is $01.0 whereas, for Rithmic connection, the order routing fee is $0.25 for each contract. The withdrawal fee is $40, a tad too high for beginners.

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Colmex Pro

Colmex Pro is particularly popular for the advanced trader with MultiTrader site that offers a host of intuitive functions including basket trades, Level 2 quotes for options and equities, order routing technologies, real-time data analysis, mobile apps, and a low level of latency.

The forum offers an impressive range of analytical and charting tools along with stock market history reports, real-time stock screeners, chart indicators, and a Super DOM panel for trading with Level 2 data. The best forex trading platforms associated with Colmex Pro include Colmex Pro 2.0, MetaTrader 4, and Colmex Pro MultiTrader.

Colmex Pro Features

Regulated By FSCA, CySEC
Best For Best for Private Investors & Retail Traders
Year Founded 2010
Minimum Deposit $500
Maximum Leverage 30:1 (FX Trading); 5:1 (Stock Trading)
Tradable Assets Forex, Commodities, Shares, Indices, Precious Metals, ETFs, Stocks, CFDs

The unbiased platform of Colmex Pro is regulated by the FSCA and the CySEC that maintain its high security. It is highly recommended for US-based institutional and private investors and trading in retail. With more than 8000 US clients in association, the site has been in operation since 2010. The minimum deposit amount of $500 can be paid via wire transfer, VISA, PayPal, and credit card. The maximum leverage is 5:1 for stock trading and 30:1 for FX trading.

Colmex Pro - One of the Best Forex Brokers in USA

Pros and Cons of Colmex Pro

Pros Cons
The portfolio consists of over 11,000 asset classes of the online trading industry. The transaction and liquidity charges are higher than that of most brokers.
The tariff policy is quite flexible. There is hardly any offshore access forex regulation of the platform in the forex industry.
An insurance fund of up to $20,000 is available for US-based clients.

Fee Structure

The fee structure at Colmex Pro consists of a tiered hierarchy that starts with $0.01 for every share for the stock CFD traders. There is also a fixed plan in which one has to pay $12 for up to 3000 shares and $9 for up to 5000 shares. For exchange trading, the spreads begin with 0.3 pips for the most popular currency pairs.

The regulated brokers accept a commission fee of $14.50 for each contract traded through the Basic Account. The inactivity fee is slightly high. It is $55 for the equity trading accounts and $30 for the CFDs trading accounts. The users also have to pay a swap fee for trading overnight along with additional routing and ECN fees.

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The publicly traded platform of Alpho is perfect for traders who seek to take part in international trading forex at competitive fees. The broker platform is associated with the trading platforms that include MT Web trader and MT5. Clients can access two types of accounts including the standard account and the Islamic Swap-free trade account.

Professional traders can open either of the accounts to trade with a minimum size of 0.01 lots at forex. There is a limited amount of educational content available on the site but the webinars and courses of Alpho are quite suitable for beginning traders. The site provides access to trade history reports, a wide variety of charting tools, and the latest economic news.

Alpho Features

Regulated By FSA
Best For Best for Forex & Cryptocurrency Traders
Year Founded 2016
Minimum Deposit $100
Maximum Leverage 500:1
Tradable Assets Forex, Commodities, Shares, Indices, CFDs

The forex brokerage forum of Alpho is registered in Seychelles and regulated by the regulatory agencies of FSA. This site is best suited for forex and cryptocurrency traders as well as for trading in retail and institutional investors. Alpho was founded in 2016 as a part of the Gulf Brokers Ltd company. The minimum deposit amount to be made for trading forex in different asset classes is only $100.

Alpho - Top US Regulated Forex Brokers

Pros and Cons of Alpho

Pros Cons
The best & top US forex brokers do not charge a commission fee for trading. Cryptocurrency trading is not allowed.
The portfolio consists of more than 250 products. There are no off-exchange spot forex regulators.
The MetaTrader 5 platform is highly suitable for traders.
There are more than a thousand CFDs available for trading.

Fee Structure

As per latest reviews and reports, users can enjoy commission-free trading through their accounts on Alpho. However, CFDs trading is charged with a commission fee of 0.5% for each lot. The spreads of FX trading are quite high, starting from 3 pips for the EUR/USD pair and 5 pips for significant indices such as FTSE 100. Alpho charges a standard swap fee for overnight trading as well as a maintenance fee of $10 on a monthly basis for accounts that stay inactive for at least a month. The swap fee is charged for holding the trading position overnight for ECN stocks.

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Rockfort Markets

Headquartered in New Zealand, Rockfort Markets offers excellent trading opportunities in association with the trading platforms that include Trader Workstation and MetaTrader 4. The exchange forum offers a competitive variety of derivatives and exchange-traded securities at multiple leverages.

The Trader Workstation platform of Rockfort Markets provides every user with a wide range of market scanning and research tools that enable strategic trading. The site of Rockfort Markets boasts of a highly interactive user interface that is equipped with multiple plug-ins and charting tools to facilitate traders with the fast execution of orders and automated trading.

Rockfort Markets Features

Regulated By FMA
Best For Best for Professional Trading & Retail Trading
Year Founded 2019
Minimum Deposit $200
Maximum Leverage 500:1
Tradable Assets Forex, Options, Futures, Stocks, Cryptocurrencies, CFD

The publicly traded account of Rockfort Markets is regulated by the largest Financial Market Authority of New Zealand. The platform support of MetaTrader 4 is ideally suited for professional trading and trading in retail. Rockfort Markets gained a foothold in the money market of New Zealand in 2019. One needs to make the minimum deposit of $200 via bank transfer, VISA, POLi, Mastercard, Debit card, and Credit card to activate the trade account. One can rake in rich returns from the trading platforms on Rockfort Markets at the maximum leverage of 500:1.

Rockfort Markets - One of the Best American Forex Brokers

Pros and Cons of Rockfort Markets

Pros Cons
The interface is highly functional in every device. The transaction fee is too high.
The Trader Workstation access is highly convenient. Payment modes are limited.
The tight spreads and high leverage yield lucrative returns.

Fee Structure

The fee structure of Rockfort Markets is quite reasonable. For US forex trading, the fee varies on the basis of the spreads that range between 1.2-5 pips for minor currencies and 0.9-1.4 pips for the most popular currencies. Users who hold their trading positions open and active overnight have to pay rollover charges (also known as swap charges) for the extra brokerage service.

The Standard Account holders do not need to pay any commission fee to the best forex brokers for US Clients whereas the Pro Account holders pay the commission charge of $0.07 for each micro-lot during the FX trading sessions. The site imposes a deposit fee of 3% on local traders and $15 on overseas traders. There is an inactivity fee of $20 to be paid every month for six months of inactivity.

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Is Forex Trading Legal in the USA? 

It is legal to engage in FX trading in the United States. Forex brokers need to be licensed by the US financial authority to provide their services to citizens of the United States. Moreover, US regulated forex brokers also need to make a security deposit of $20 million to the regulatory authority of the US to operate legitimately in the country.

To check the legal status, make sure that the forex broker USA is registered with the National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC). Some of the most popular forex brokers (agency broker) of the US include TD Ameritrade, IG,, and more. Consult third-party advertisers, look up the advertising campaign data, and read reviews before signing up with any brokerage site.

How Do I Trade Forex in the USA?

FX trading should not be too difficult for you if you are acquainted with equity and stock trading. Besides, there are regulated brokers in USA to guide you through the various steps of FX trading. If you are about to venture into the forex market, read the brief guide below to get started with US FX brokers trading:-

Study the Forex Market

FX trading is slightly more intricate than equity trading and requires one to possess expertise. For instance, the ratio of leverages of fx broker trading is higher than that of equities. The drivers of the price movement of different currencies also differ from those in the stock markets, saxo bank offers, currency market. It is recommended to sign up with an FX trading course to become fully aware of the techniques and aspects of FX trading.

Open a Brokerage Account

It is essential to open an account with a forex broker accepting us clients to engage in brokerage trading. One may come across quite a few forex brokers in the US who do not charge commission fees. These US based forex brokers obtain their service charge from the spreads or pips between the selling and buying prices of cryptocurrencies.

Many brokers traders are recommended to open a micro FX trading account with a low requirement for capital. These accounts generally have a wide variety of trading limits, allowing traders to limit their trading amounts to only 1000 units of the currency. Trading through the micro forex trading account helps one develop their own style and strategies of trading without incurring heavy losses.

Devise an FX Trading Strategy

Do not ever conduct FX trading without developing a strategy along with a trading roadmap. A sound strategy of trading is based on the ground reality of finances and the general market situation of the USA. The trader has to consider the amount required for trading, the level of risk that one can afford to take, the retail investor accounts lose money too, and the capital requirements of the brokerage platform while developing the trading strategy. The environment of forex trading boasts of a high leverage. However, traders who take high risks often manage to secure better rewards.

Keep an Eye on the Trading Positions

Check the trading positions at the end of the day daily to make sure you have an idea of how retail investor accounts lose money or make profits in the forex market. Most forex trading forums provide users with accounting reports of trades on a daily basis (use mobile app). It is important to ensure that there are no pending trading positions and there is sufficient account balance for conducting future trades in the forex markets.

Do Not Let Emotions Get the Better of You

Keep your emotions under control while trading in the forex market (agency broker). Do not obsess over mistakes but move on to the next trade instead. Traders need to cultivate an equilibrium of emotions even if their retail investor accounts lose money through currency trading. Maintain discipline while trading and do not get carried away by trading positions.

How to Choose Best Forex Brokers Accepting US Clients?

Choosing a forex broker platform is not an easy task. It takes a good amount of decision-making to finally settle for the right and excellent trading platform, utilizing the free demo account feature. Consider the following pointers while browsing through the best american forex brokers in the USA industry to select the right platform:-

Compliance of the Best Regulated Forex Brokers USA

To stay protected against financial institutions scams, it is very important to make sure that the forex broker platform is compliant with USA regulations or is a self-regulatory organization. Most regulated forex brokers of the US are registered with the National Futures Association (NFA), a regulatory authority of futures trading forums. Other USA forex brokers are associated with Commodity Futures Trading Commission, the regulatory organization that governs the options markets and commodity futures in the US.

Do not fall for flashy promises and attractive broker websites. Instead, visit the official site of every site, compare forex brokers for US traders by researching online brokers, and read the ‘About Us’ section thoroughly to check the regulatory compliance of the online brokers.

Features of the Forex Trading Brokers

USA Forex brokers offer a wide variety of accounts with an extensive range of features. There are four main features of the different accounts that include margin and leverage, spreads and commissions, initial deposit to be made, and ease of transactions. While most forex offer a leverage of around 50:1, some brokers tempt traders to take bigger risks with a leverage of 200:1.

A forex broker imposing a commission fee may acquire a specific percentage of the currency spread, currency trading from the user. The spread refers to the difference between the ask price and the bid price of the currency pair. The US forex broker who do not charge a commission fee obtain their service charge from the wider spreads.

The forex pairs GBP/USD and EUR/USD have tight spreads. Choose the best forex brokers USA platform that has low minimum deposit requirements. Some platforms set the initial deposit limit only at $50. Such a low deposit amount is helpful for beginners. Users are allowed to deposit and withdraw funds easily via bank transfers, PayPal, credit and debit cards, ACH payments, and more. Forex broker platforms offer micro, mini, and standard account types with different initial deposit conditions. Metatrader 4 support also helps users in making a decision

The Platform for FX Trading

The FX trading site serves as the portal to the international exchange markets for US traders and investors, as these foreign forex brokers accepting us clients. It is crucial to make sure that the site is equipped with the most state-of-the-art research tools for the fundamental and technical analysis of the forex market trends and price patterns of currency pairs and avoid losing money rapidly. Explore the extensive range interface of the trading platform through a demo account to check if it comes with separate buttons for buying and selling currency pairs, as Most forex trader do support that.

The top forex brokers trading platforms also come with a panic button that enables the trader to close every currently open trading position as retail investor accounts lose money through aimless activity. Stay away from poorly designed forex trading platforms to avoid costly mistakes during trading sessions, seek good investment advice, and choose best forex broker USA wisely.

Availability of Customer Support

Assess the customer support system of the site and make sure that the help desk is available 24×7 over phone, email, and live chat. Place a call to the help desk to assess the efficiency and promptness of the customer service assistants. Talk to them over live chat to make sure that they are highly responsive and available for urgent services.

Currency Pairs Available for Trading

Even though there are a number of currency pairs available in the global forex market, only a few are feasible and profitable when it comes to trading and investment advice related to it. The currency pairs with the highest liquidity are the best overall broker suited for FX trading. The most popular currency pairs include USD/CHF, USD/JPY, GBP/USD, and EUR/USD. Broker platforms offer the most currency pairs compared to traditional broker but it is up to the trader to select the forex pairs of his choice based on the market trends to conduct lucrative FX trading.

Conclusion on USA Forex Brokers

Learning the ropes of trading expertly in forex pairs and other asset classes at the best forex broker US takes time. Forex traders, CFD traders, other forex brokers that take us clients and other clients need to learn the techniques and strategies before making any investment, your investment objectives should be clear, and know which forex brokers accept us clients as per their requirements, competitive pricing, popular cryptocurrencies & more. A thorough understanding of the asset classes and their markets is crucial to prevent losing money rapidly while trading in best forex broker for us clients.

Study the USA forex traders charts and focus on the strategies of copy trading with currencies and commodities in the market. It is also important to check the US forex regulations of the forex brokerage site for the safe custody of funds in the account. The NFA regulated brokers of the US are highly secure and suitable for all kinds of clients for best forex broker for us traders. So Compare the best forex trading platform in US online and then sign up with the top brokers of the country.


Which Forex Broker Charges the Lowest Fees in the USA?

The US forex brokerage platform of IG US charges very low fees for its FX trading and investment services.

What Forex Brokers Can I Use in the US?

The best forex brokerage services in the US industry can be availed at TD Ameritrade, Colmex Pro, Ally Invest, IG US, and other popular online platforms.

Can I Trade Forex in the USA?

It is legal to trade in foreign exchange at the licensed and regulated online forex brokerage companies of the United States industry.

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