Best Forex Brokers USA

Adam Rosen - Lead financial writer

Updated 19-May-2022

USA Forex Brokers

USA Forex brokers have seen huge growth over the last 2 years. American traders have been attracted to Forex markets and USA Forex trading platforms.

USA Forex trading has always been popular but the advent of modern internet driven USA Forex trading platforms and USA Forex trading apps that work on mobile phones and tablet devices. Never before have USA Forex traders found trading global Forex markets more accessible.

The largest USA Forex brokers accept clients from several countries and provide American Forex traders with trading access to worldwide financial markets not just Forex.

  • NordFX Forex Broker USA

    Visit NordFX

    🀴 NordFX is Used By: 10,000
    ⚑ NordFX is Regulated by: Cyprus Securities and Exchange Commission (CySEC), License No: 209/13

    πŸ’΅ What You Can Trade with NordFX: Forex, Majors, Metals,
    πŸ’΅ Instruments Available with NordFX: 50

    πŸ“ˆ NordFX Inactivity Fees: No
    πŸ’° NordFX Withdrawal Fees: No
    πŸ’° NordFX Payment Methods: Bank Transfer, Neteller, PerfectMoney, WebMoney, FasaPay, CashU, Payza, QIWI,

    NordFX Risk warning : Losses can exceed deposits

  • ForexMart Forex Broker USA

    Visit ForexMart

    🀴 ForexMart is Used By: 10,000
    ⚑ ForexMart is Regulated by: Cyprus Securities and Exchange Commission (CySEC)

    πŸ’΅ What You Can Trade with ForexMart:
    πŸ’΅ Instruments Available with ForexMart: 111

    πŸ“ˆ ForexMart Inactivity Fees: No
    πŸ’° ForexMart Withdrawal Fees: 5
    πŸ’° ForexMart Payment Methods: Bank Transfer, Visa, MasterCard, Skrill, Neteller, PayCo, fasaPay, Qiwi, Union Pay, AliPay,

    ForexMart Risk warning : Your capital is at risk

  • ATFX Global Markets Forex Broker USA

    Visit ATFX Global Markets

    🀴 ATFX Global Markets is Used By: 10,000
    ⚑ ATFX Global Markets is Regulated by: Cyprus Securities and Exchange Commission (CySEC)

    πŸ’΅ What You Can Trade with ATFX Global Markets: Forex, Minors, Majors, Exotics, Indices, Metals,
    πŸ’΅ Instruments Available with ATFX Global Markets: 57

    πŸ“ˆ ATFX Global Markets Inactivity Fees: No
    πŸ’° ATFX Global Markets Withdrawal Fees: 0
    πŸ’° ATFX Global Markets Payment Methods: Credit cards, Bank Transfer, American Express, MasterCard,

    ATFX Global Markets Risk warning : Your capital is at risk

  • SoFi Invest Forex Broker USA

    Visit SoFi Invest

    🀴 SoFi Invest is Used By: 10,000
    ⚑ SoFi Invest is Regulated by: Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC)

    πŸ’΅ What You Can Trade with SoFi Invest:
    πŸ’΅ Instruments Available with SoFi Invest: 204

    πŸ“ˆ SoFi Invest Inactivity Fees: No
    πŸ’° SoFi Invest Withdrawal Fees: No
    πŸ’° SoFi Invest Payment Methods: Bank Transfer,

    SoFi Invest Risk warning : Your capital is at risk

  • STForex Forex Broker USA

    Visit STForex

    🀴 STForex is Used By: 10,000
    ⚑ STForex is Regulated by: Financial Commission (FinaCom)

    πŸ’΅ What You Can Trade with STForex:
    πŸ’΅ Instruments Available with STForex: 209

    πŸ“ˆ STForex Inactivity Fees:
    πŸ’° STForex Withdrawal Fees: varies
    πŸ’° STForex Payment Methods: PayPal, Skrill, Neteller, Bank Transfer,

    STForex Risk warning : Your capital is at risk

  • State One Stockbroking Limited Forex Broker USA

    Visit State One Stockbroking Limited

    🀴 State One Stockbroking Limited is Used By: 10,000
    ⚑ State One Stockbroking Limited is Regulated by: Unregulated

    πŸ’΅ What You Can Trade with State One Stockbroking Limited:
    πŸ’΅ Instruments Available with State One Stockbroking Limited: 208

    πŸ“ˆ State One Stockbroking Limited Inactivity Fees:
    πŸ’° State One Stockbroking Limited Withdrawal Fees: varies
    πŸ’° State One Stockbroking Limited Payment Methods: Credit cards, PayPal, Skrill,

    State One Stockbroking Limited Risk warning : Your capital is at risk

  • Forest Park FX Forex Broker USA

    Visit Forest Park FX

    🀴 Forest Park FX is Used By: 10,000
    ⚑ Forest Park FX is Regulated by: Financial Conduct Authority (FCA)

    πŸ’΅ What You Can Trade with Forest Park FX:
    πŸ’΅ Instruments Available with Forest Park FX: 102

    πŸ“ˆ Forest Park FX Inactivity Fees:
    πŸ’° Forest Park FX Withdrawal Fees: 0.025
    πŸ’° Forest Park FX Payment Methods: Paypal or Skrill, Credit cards, Debit cardss, Bank wire, Electronic wallets (eWallets),

    Forest Park FX Risk warning : Your capital is at risk

  • Forex.com Forex Broker USA

    Visit Forex.com

    🀴 Forex.com is Used By: 150,000
    ⚑ Forex.com is Regulated by: Financial Conduct Authority (FCA), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA)

    πŸ’΅ What You Can Trade with Forex.com: Forex, Minors, Majors, Exotics, Indices, Energies, Metals, Agriculturals, ETFs, IPO,
    πŸ’΅ Instruments Available with Forex.com: 4500

    πŸ“ˆ Forex.com Inactivity Fees: Yes
    πŸ’° Forex.com Withdrawal Fees: No
    πŸ’° Forex.com Payment Methods: Bank Transfer, Credit cards, Debit cards, Electronic wallets (eWallets), PayPal, Cheques or Checks, eChecks, Union Pay,

    Forex.com Risk warning : 74% of retail investor accounts lose money when trading CFDs with this provider

  • Forexite Forex Broker USA

    Visit Forexite

    🀴 Forexite is Used By: 10,000
    ⚑ Forexite is Regulated by: Belize's International Financial Services Commission (IFSC)

    πŸ’΅ What You Can Trade with Forexite:
    πŸ’΅ Instruments Available with Forexite: 110

    πŸ“ˆ Forexite Inactivity Fees:
    πŸ’° Forexite Withdrawal Fees: varies
    πŸ’° Forexite Payment Methods: Bank Transfer, Credit cards, Skrill, Neteller,

    Forexite Risk warning : Your capital is at risk

  • FreshForex Forex Broker USA

    Visit FreshForex

    🀴 FreshForex is Used By: 10,000
    ⚑ FreshForex is Regulated by: Commission for the regulation of relations on the financial market (KROUFR), The Centre for Regulation in OTC Financial Instruments and Technologies (CRFIN)

    πŸ’΅ What You Can Trade with FreshForex:
    πŸ’΅ Instruments Available with FreshForex: 116

    πŸ“ˆ FreshForex Inactivity Fees:
    πŸ’° FreshForex Withdrawal Fees: 5$
    πŸ’° FreshForex Payment Methods: Visa, Mastercard, Webmoney, Skrill, Neteller, Cryptocurrences, Internet Banking, Mobile Payments,

    FreshForex Risk warning : Your capital is at risk

  • SpeedTrader Forex Broker USA

    Visit SpeedTrader

    🀴 SpeedTrader is Used By: 10,000
    ⚑ SpeedTrader is Regulated by: Financial Industry Regulatory Authority (FINRA), Securities Investor Protection Corporation (SIPC)

    πŸ’΅ What You Can Trade with SpeedTrader:
    πŸ’΅ Instruments Available with SpeedTrader: 207

    πŸ“ˆ SpeedTrader Inactivity Fees:
    πŸ’° SpeedTrader Withdrawal Fees: varies
    πŸ’° SpeedTrader Payment Methods: Credit cards, Skrill, Neteller,

    SpeedTrader Risk warning : Your capital is at risk

  • SogoTrade Forex Broker USA

    Visit SogoTrade

    🀴 SogoTrade is Used By: 10,000
    ⚑ SogoTrade is Regulated by: Financial Industry Regulatory Authority (FINRA)

    πŸ’΅ What You Can Trade with SogoTrade:
    πŸ’΅ Instruments Available with SogoTrade: 205

    πŸ“ˆ SogoTrade Inactivity Fees: Yes
    πŸ’° SogoTrade Withdrawal Fees: No
    πŸ’° SogoTrade Payment Methods: Credit cards, Skrill, Neteller, Bank Transfer,

    SogoTrade Risk warning : Your capital is at risk

  • Synergy FX Forex Broker USA

    Visit Synergy FX

    🀴 Synergy FX is Used By: 10,000
    ⚑ Synergy FX is Regulated by: Australian Securities and Investments Commission (ASIC)

    πŸ’΅ What You Can Trade with Synergy FX:
    πŸ’΅ Instruments Available with Synergy FX: 215

    πŸ“ˆ Synergy FX Inactivity Fees:
    πŸ’° Synergy FX Withdrawal Fees: $25
    πŸ’° Synergy FX Payment Methods: Credit cards, Skrill, Neteller, Bank Transfer,

    Synergy FX Risk warning : Your capital is at risk

  • FX Next Forex Broker USA

    Visit FX Next

    🀴 FX Next is Used By: 10,000
    ⚑ FX Next is Regulated by: Unregulated

    πŸ’΅ What You Can Trade with FX Next:
    πŸ’΅ Instruments Available with FX Next: 118

    πŸ“ˆ FX Next Inactivity Fees:
    πŸ’° FX Next Withdrawal Fees: varies
    πŸ’° FX Next Payment Methods: Bank Transfer, Credit cards, BitcoinΒ payments,

    FX Next Risk warning : Your capital is at risk

  • FX Private Forex Broker USA

    Visit FX Private

    🀴 FX Private is Used By: 10,000
    ⚑ FX Private is Regulated by: Securities and Exchange Board of India (SEBI)

    πŸ’΅ What You Can Trade with FX Private:
    πŸ’΅ Instruments Available with FX Private: 119

    πŸ“ˆ FX Private Inactivity Fees:
    πŸ’° FX Private Withdrawal Fees: $100
    πŸ’° FX Private Payment Methods: Credit cards, Skrill, Neteller,

    FX Private Risk warning : Your capital is at risk

  • GCI Financial LLC Forex Broker USA

    Visit GCI Financial LLC

    🀴 GCI Financial LLC is Used By: 10,000
    ⚑ GCI Financial LLC is Regulated by: Unregulated

    πŸ’΅ What You Can Trade with GCI Financial LLC:
    πŸ’΅ Instruments Available with GCI Financial LLC: 126

    πŸ“ˆ GCI Financial LLC Inactivity Fees:
    πŸ’° GCI Financial LLC Withdrawal Fees: No
    πŸ’° GCI Financial LLC Payment Methods: Credit cards, Skrill, Neteller,

    GCI Financial LLC Risk warning : Your capital is at risk

  • Shaw and Partners Limited Forex Broker USA

    Visit Shaw and Partners Limited

    🀴 Shaw and Partners Limited is Used By: 10,000
    ⚑ Shaw and Partners Limited is Regulated by: Unregulated

    πŸ’΅ What You Can Trade with Shaw and Partners Limited:
    πŸ’΅ Instruments Available with Shaw and Partners Limited: 203

    πŸ“ˆ Shaw and Partners Limited Inactivity Fees:
    πŸ’° Shaw and Partners Limited Withdrawal Fees: varies
    πŸ’° Shaw and Partners Limited Payment Methods: Credit cards, PayPal,

    Shaw and Partners Limited Risk warning : Your capital is at risk

  • Sharekhan Forex Broker USA

    Visit Sharekhan

    🀴 Sharekhan is Used By: 1,500,000
    ⚑ Sharekhan is Regulated by: Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange

    πŸ’΅ What You Can Trade with Sharekhan: Indian Exchange-Listed Stocks and ETFs, Options Contracts for Indian Exchange-Listed Stocks and ETFs
    πŸ’΅ Instruments Available with Sharekhan: 5000

    πŸ“ˆ Sharekhan Inactivity Fees: No
    πŸ’° Sharekhan Withdrawal Fees: No
    πŸ’° Sharekhan Payment Methods: Credit cards, Bank Transfer, PayPal, Debit cards,

    Sharekhan Risk warning : Your capital is at risk

  • Selftrade Forex Broker USA

    Visit Selftrade

    🀴 Selftrade is Used By: 10,000
    ⚑ Selftrade is Regulated by: Financial Conduct Authority (FCA)

    πŸ’΅ What You Can Trade with Selftrade:
    πŸ’΅ Instruments Available with Selftrade: 202

    πŸ“ˆ Selftrade Inactivity Fees:
    πŸ’° Selftrade Withdrawal Fees: varies
    πŸ’° Selftrade Payment Methods: Credit cards, Skrill, Neteller,

    Selftrade Risk warning : Your capital is at risk

  • Global Prime Forex Broker USA

    Visit Global Prime

    🀴 Global Prime is Used By: 10,000
    ⚑ Global Prime is Regulated by: Australian Securities and Investments Commission (ASIC), Australian Financial Services Licence (AFSL),

    πŸ’΅ What You Can Trade with Global Prime:
    πŸ’΅ Instruments Available with Global Prime: 128

    πŸ“ˆ Global Prime Inactivity Fees:
    πŸ’° Global Prime Withdrawal Fees: varies
    πŸ’° Global Prime Payment Methods: Credit cards, Debit cards, Skrill, Neteller, Bank Transfer, Union pay,

    Global Prime Risk warning : Your capital is at risk

What Is a USA Forex Broker?

Forex brokers are companies that act as the middleman between you, the individual or business wanting to trade currencies, and the various Forex exchanges around the world. Forex brokers provide a platform for individuals and businesses to trade Forex currencies with other people in different countries at any time of day.

Some USA Forex brokers are subsidiaries of larger financial organisations that offer stocks, commodities, cryptocurrencies, CFD trading as well as Forex trading to American traders. Others USA Forex brokers are small companies or individuals who specialise in foreign exchange trading for American residents.

Available Currency Pairs For USA Forex Traders

Major currency pairings are covered by most USA Forex brokers, while minor and exotic currency pairs are not always available on all USA Forex trading platforms. If you want greater access to the global Forex markets make sure your USA Forex broker offers a wide range of major, minor and exotic currency pairs to trade.

Major Currency Pairs on USA Forex Trading Platforms

Major Currency pairs represent the largest or most liquid markets in the world. Major currency pairs and are traded by USA and international banks, fund managers, retail Forex traders and professional Forex investors. The major currency pairs include EUR/USD, GBP/USD, AUD/USD, NZD/USD.

Major Forex Currency pairs On USA Trading Platforms
British pound/US dollarGBP/USD
Euro/US dollarEUR/USD
US dollar/Japanese yenUSD/JPY
US dollar/Swiss francUSD/CHF
US dollar/Canadian dollarUSD/CAD
Australian dollar/US dollarAUD/USD
New Zealand dollar/US dollarNZD/USD

Minor Currency Pairs on USA Forex Trading Platforms

Minor pairs are those that do not contain the US Dollar. Cross-currency pairs are another name for them.

Minor Forex Currency pairs On USA Trading Platforms
Euro / British poundEUR/GBP
Euro / SwitzerlandEUR/CHF
Euro / Canadian DollarEUR/CAD
Euro / Australian dollarEUR/AUD
Euro / New ZealandEUR/NZD
Euro / JapaneseEUR/JPY
British pound / SwitzerlandGBP/CHF
British pound / Japanese yenGBP/JPY
British pound / AustraliaGBP/AUD
British pound / Canadian DollarGBP/CAD
British pound / New ZealandGBP/NZD
Swiss franc / Japanese yenCHF/JPY
New Zealand dollar / Japanese yenNZD/JPY
Australia / Japanese yenAUD/JPY
Canadian Dollar / Japanese yenCAD/JPY

Exotic Currency Pairs on USA Forex Trading Platforms

Exotic currency pairs comprise all other combinations that do not fall under any other category such as cross or exotic pair. In general, these are low-volume markets due to less popularity amongst traders because of their relative obscurity. However, they provide exciting opportunities for high returns which can't be achieved otherwise by trading in major pairs like EUR/JPY or USD/CHF etc. Some examples of these are DKKUSD (Danish Krone against US Dollar) or BWPUSD (Botswana Pula against US dollar).

Exotic Currency pairs On USA Forex Trading Platforms
British pound / South African randGBP/ZAR
Japanese yen / Norwegian kroneJPY/NOK
New Zealand dollar / Singapore dollarNZD/SGD
United States Dollar / Hong Kong dollarUSD/HKD
Australian dollar / Mexican pesoAUD/MXN
United States Dollar / Hong KongUSD/HKD
United States Dollar / SingaporeUSD/SGD
United States Dollar / MexicoUSD/MXN
United States Dollar / DenmarkUSD/DKK
United States Dollar / SwedenUSD/SEK
United States Dollar / South AfricaUSD/ZAR
United States Dollar / ThailandUSD/THB
Euro / Turkish liraEUR/TRY

Opening a USA Forex Trading Account

  • Choose a USA Forex broker that suits your needs and Forex trading strategy. Research your options to find the online provider that offers all the features you want at an affordable price.
  • Register with your USA Forex Broker and verify your account.
  • Fund your USA Forex Trading Account
  • Research Forex currency pairs on your USA Forex trading platform.
  • Place a buy or sell order with your prefered USA Forex broker.

USA Forex Brokers Leverage

Many modern USA Forex brokers offer American traders leveraged Forex trading using Forex CFDs. Before considering Forex leveraged trades make sure you fully understand what you are doing. Forex CFD trading is considered very high risk.

USA Leveraged Forex trading, allows American traders to borrow money from a USA Forex broker in order to trade at greater exposure to the financial markets then their deposited amount. Clearly understand that you are not trading really currency assets with your USA Forex broker. A Forex CFD trade is purely a speculative trade on the up or down price movements of a specific currency pair, with your chosen USA Forex broker.

Some USA Forex brokers offer leverage of 1:5 to 1:500. A leverage of 1:5 from a USA Forex broker allows a USA trader to trade 5 times the margin amount. This is of course high risk and should only be used by experienced traders. If your USA Forex account goes negative you may lose more than you deposited amount.

How USA Forex Brokers Make Money

USA Forex Brokers earn money by charging fees and commissions to USA Forex traders for every buy / sell action performed on their USA Forex trading platforms. Other USA Forex brokers make money by marking up the prices of currency assets USA Forex traders can trade.

USA Forex Spreads

Spread, or the difference between the buying and selling price of a currency pair, is how most USA Forex brokers generate money. Forex spreads are measured in pips.

USA Variable Spread Forex Brokers

Variable spreads simply pass on the best bid and offer prices available at the time, with the amount of variability varying depending on the item traded and the USA Forex broker utilised. Variable spreads are frequently less expensive than fixed spreads, particularly during periods of high liquidity.

USA Fixed Spread Forex Brokers

Fixed spreads, unlike variable spreads, are determined by the USA Forex broker and remain constant regardless of market conditions or volatility. You pay the spread that is given to you by your USA Forex broker.

Forex Broker Education USA

What ever level of trader you are always check what educational resources your USA Forex broker offers. Many of the larger more established USA Forex brokers offer guides, podcasts, webinars, online videos and courses to their registered USA traders.

USA Forex traders must understand, trading the international currency markets is not easy. The USA and global currency markets can be volatile. Trading education helps USA Forex traders limit and mitigate risk, understand USA and global market trends to spot opportunities to buy and sell your currency pairs.

Regulation of USA Forex Brokers

It is of up most importance that you only trade with well regulated USA Forex brokers.

USA Forex financial market authorities and financial regulators establish very strict rules that USA Forex brokers must follow in order to be able to legally offer their USA Forex broker services to American Forex traders. These rules safeguard American investors and keep everything in above board, making USA Forex trading safer.

USA Forex brokers records and general affairs are scrutinised by financial regulators to verify that they adhere to all financial and ethical standards.

Verifying a USA Forex Brokers Regulation

When shortlisting USA Forex brokers you must verify that your USA Forex broker is regulated and licensed to offer Forex trading services to American Forex traders. USA Forex trading license verification can be found on the financial regulators website. You should see a regulator license number that you can check on the main financial regulators website.

A USA Forex broker that holds regulation with Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) is good.

USA Forex Broker Advantages

  • Forex is the worlds largest global market by volume.
  • American traders are able to trade various global Forex markets 24 hours a day.
  • Modern USA Forex broker trading platforms have low transaction costs.
  • USA Forex brokers offer trading currency pairs using leveraged trading. Please note trading using leverage is very high risk.
  • The Global and USA Forex market has many trading making the Forex markets have high liquidity. With higher liquidity it is easier to buy and sell currency pairs.
  • The USA and global Forex markets have high volatility which suits a higher risk day trading strategy.
  • USA Forex brokers offer a wide range of global currency pairs to trade.

USA Forex Broker Risks

  • As USA and global Forex markets are open 24 hours a day, so is your exposure to risk, if you have an open position.
  • USA Forex Markets can have low volatility at times. If the markets have little movement and you have leveraged currency positions your trades may be at risk.
  • USA Forex traders can face high risks when over leveraging currency pair trades. If a leveraged trade does not go in your favour you may lose more than your deposited amount.
  • USA Forex traders are also at risk from highly volatile Forex markets. It is essential to set stop loss and limit orders to reduce loss from wide sudden price movements.

What Are USA Forex Broker Scams?

USA Forex scams are committed by unregulated often remotely offshore companies who offer get rich schemes to USA Forex traders, automated Forex get rich programs, USA Forex signal sellers. They take advantage of inexperienced American Forex traders who do not know how the financial markets work by offering them unrealistic gains, or by making USA Forex trading seem easy if you use their service or tools.

USA Forex trading is very complicated and it takes time to learn how to use the Forex technical analysis tools and monitor Forex trends on global markets.

USA Forex scams occur when a broker offers unrealistic returns on investments or intentionally manipulates prices in order to make trades seem more profitable than they actually are. The best way to avoid being scammed is to understand how USA Forex trading works and avoid things that sound too good to be true. Only sign up with a USA Forex broker is regulated by a major European financial regulator, like the FCA, or CySEC.


Best USA Forex Broker Reviews

If USA isn’t quite what you are looking for you can check out some of the best USA alternatives below.

Best USA Forex Brokers Alternatives Guides

If you would like to see USA compared agains some of the best USA Forex Broker alternatives available right now you can do so by clicking on the links below.