US Forex Brokers

Molly Rossow

Published by Molly Rossow

Thursday, February 14th, 2019

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 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

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 Exchange’s FTSE 250 (LON: IGG).

  • Total Forex Pairs Offered: 91
  • Likes: 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.
  • Dislikes: Web platform trading windows must be resized manually to keep the layout organized; Forex Direct only available to professional traders within EU.
  • Bottom Line: 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.
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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.
  • Bottom 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 (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, 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.
  • Bottom Line: has plenty of options for Forex and CFD traders across its regulated offerings globally. With full-feature platforms, diverse trading tools, and comprehensive research, caters to traders of all experience levels.
  • Open an Account

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.
  • Bottom 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

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

forex multi broker compare table
forex multi broker compare table