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US Forex Brokers

Molly Rossow

Published by Molly Rossow


Friday, November 16th, 2018

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 the National 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 site ForexBrokers.com. Our annual FX Broker Review covers the top brokers for 2018, with over 80,000 words of research and 6,000+ data points spanning 43 firms.

Best US Forex Brokers



5 stars

TD Ameritrade's 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.

  • Total Forex Pairs Offered: 77
  • Likes: Excellent phone support; Wide array of premium research and trading tools through thinkorswim platform; Bitcoin futures trading.
  • Dislikes: Forex only available to US residents; No web-based platform offered for forex; Platform complexity may deter beginners.
  • Bottome Line: TD Ameritrade charges more than its competitors but delivers with fantastic platforms, research, mobile apps, education, and customer service. The all-round experience makes TD Ameritrade our top US broker for forex traders in 2018.
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4.5 stars

Forex.com (Gain Capital) is known for providing forex traders a well-rounded offering. Like TD Ameritrade and Interactive Brokers, it is also publicly traded and offers fx traders a large variety of trading tools. Beyond offering its own propertiary trading platform, Forex.com also offers MetaTrader4 (MT4) to customers, making it an ideal choice for investors of all experience levels.

  • Total Forex Pairs Offered: 84
  • Likes: Multiple platforms offered including MetaTrader4 (MT4); automated trading available; Bitcoin Futures trading.
  • Dislikes: Mobile app lacks watch list functionality; selecting the right platform to use can be difficult due to variety of platforms available.
  • Bottome Line: 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.
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4.5 stars

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)."

  • Total Forex Pairs Offered: 85
  • Likes: Leader in access to international markets as well as investment offerings; Among the lowest trade commissions and margin rates in the industry; Bitcoin futures trading supported.
  • Dislikes: Forex only available to US residents; No web-based platform offered for forex; Platform complexity may deter beginners.
  • Bottome Line: While Interactive Brokers is not suitable for casual investors, it leads the industry in international trading and low-cost commissions desired by professional traders.
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Compare US Forex Brokers at ForexBrokers.com

Compare TD Ameritrade vs Forex.com vs Interactive Brokers side by side and view an industry-leading comparison based on raw, unbiased data.

fx brokers comparison
ForexBrokers.com comparison tool.