Best Forex Brokers in the US for July 2025

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Plus500 - Best premium client support (personal manager, exclusive analysis, webinars)
Pepperstone - Best for scalping strategies (spread from 0 pips)
OANDA - Best for trading with advanced technical analysis tools (TradingView charts support)
FOREX.com - Diverse range of tradable assets (80+ currency pairs)
Interactive Brokers - Best broker for international investors (assets from 33 countries, 150+ markets)
IG Markets - Favorable Forex trading conditions (0 fees, avg. EUR/USD spread - 0.8)

At Traders Union, we evaluate Forex brokers to help traders make informed, confident decisions and avoid unreliable or unsafe options. We use a professional and detailed approach, focusing on key factors such as regulation and safety, trading costs, ease of use, platform features for all experience levels, and real trader feedback collected over 15 years.

We’ve outlined every step of our evaluation in detail on our Methodology Page. Our process is transparent, data-driven, and built on years of expertise, combined with real trader insights, ensuring you can trust our recommendations.

Our goal is to guide traders toward brokers that are safe, reliable, and suited to their needs, whether they are beginners or experienced professionals in the US

Warning:

There is a high level of risk involved when trading leveraged products such as Forex/CFDs. Between 65% and 82% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Comparison of leading Forex brokers in the US

The minimum deposit, EUR/USD spread, eligibility for residents of the US, and the number of available currency pairs are key factors to consider when choosing a broker.

The minimum deposit shows how affordable it is to start trading.
The EUR/USD spread highlights trading costs—lower spreads mean you save more.
Eligibility for residents of the US ensures you can legally access the broker’s services.
The number of currency pairs reveals the variety of trading options available.

Together, these factors help you determine if a broker is safe, cost-effective, and aligned with your trading needs.

	Plus500
Minimum deposit, $	100	No No 100 No 1	No No 100 No 1
Accepts residents of country	Yes	Yes Yes Yes Yes Yes	Yes Yes Yes Yes Yes
ECN Spread EUR/USD	No	0,1 0,15 0,2 0,2 0,8	0,1 0,15 0,2 0,2 0,8
Currency pairs	60	90 68 80 100 80	90 68 80 100 80
Tradable assets	2800	1200 129 5500 30000 20000	1200 129 5500 30000 20000
Study review	Study review	Study review Study review Study review Study review Study review	Study review Study review Study review Study review Study review

We have analyzed the key advantages and disadvantages of the leading Forex brokers in the US, as well as their overall ratings based on our proprietary methodology.

Available in the US

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TU Overall Score 6.8 /10
User Satisfaction score Overall user experience and feedback based on ease of use, customer support, and platform reliability.	7.8 /10
Commissions and fees score Analysis of the cost structure including trading commissions, minimum fees per trade, and withdrawal fees.	9 /10
Regulation and safety score Assessment of regulatory compliance, financial security measures, and the overall safety of client funds.	10 /10

Multi-regulation — licensed in 10 countries;
Wide range of trading instruments — over 2800;
Highly functional trading platforms — browser and mobile versions;
Transparent pricing model — Spreads and Additional fees;
Automatic adjustment of trading conditions to meet regulatory requirements;
Provision of educational content, free analytics, and demo accounts;
Customizable trading alerts — both on the platform and through external communication channels.

Lack of Micro or Cent-type accounts in its account lineup, which allow trading with minimal risks and investments;
The Plus500 platform does not support automated trading;
Some popular trader strategies are prohibited.

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TU Overall Score 7.2 /10
User Satisfaction score Overall user experience and feedback based on ease of use, customer support, and platform reliability.	9.2 /10
Commissions and fees score Analysis of the cost structure including trading commissions, minimum fees per trade, and withdrawal fees.	7 /10
Regulation and safety score Assessment of regulatory compliance, financial security measures, and the overall safety of client funds.	10 /10

Attractive trading conditions;
Fast order execution - 30 ms on average;
1,200+ trading instruments;
Low fees; and
No inactivity fee.

Support service works only 24/7;
No cent account;
Not available to US clients;
Limited passive trading opportunities;
Limited analytical materials available on the site. The only way to resolve this issue is to connect to trading signals;
No news section; and
Demo accounts can only trade for free for 60 days.

Available in the US

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TU Overall Score 6.8 /10
User Satisfaction score Overall user experience and feedback based on ease of use, customer support, and platform reliability.	8.2 /10
Commissions and fees score Analysis of the cost structure including trading commissions, minimum fees per trade, and withdrawal fees.	8 /10
Regulation and safety score Assessment of regulatory compliance, financial security measures, and the overall safety of client funds.	10 /10

Minimum deposit from 1 dollar.
A large selection of the most popular trading instruments.
Several reliable and reputable financial regulators.

Inconvenient and poorly functioning site.
Lack of cent accounts.
Lack of bonus programs.

Available in the US

TU Overall Score 7 /10
User Satisfaction score Overall user experience and feedback based on ease of use, customer support, and platform reliability.	6.4 /10
Commissions and fees score Analysis of the cost structure including trading commissions, minimum fees per trade, and withdrawal fees.	7 /10
Regulation and safety score Assessment of regulatory compliance, financial security measures, and the overall safety of client funds.	10 /10

average rate of order execution is 0.04 ms;
reliability is controlled by several regulators so customer funds are kept on separate accounts from the company's assets;
attractive trading conditions are tight spreads on over 90 assets, including currency pairs and metals, and over 4,500 markets, including FX, indices, commodities, stocks, and cryptocurrencies.

poor quality of site optimization, little specifics in the descriptions of services, tabs at the top of the page do not work. To find the information you have to use a tab called "Sitemap";
it is difficult to contact the support service due to its high workload;
large fixed commission for withdrawing funds;
high initial deposit, it starts from $1,000;
there are few options for depositing and withdrawing funds, the terms rarely correspond to those stated.

Available in the US

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TU Overall Score 6.9 /10
User Satisfaction score Overall user experience and feedback based on ease of use, customer support, and platform reliability.	7.4 /10
Commissions and fees score Analysis of the cost structure including trading commissions, minimum fees per trade, and withdrawal fees.	9 /10
Regulation and safety score Assessment of regulatory compliance, financial security measures, and the overall safety of client funds.	10 /10

extensive and free educational resources through the IBKR Campus;
access to160markets in 36 countries and territories;
trading in stocks, options, futures, currencies, bonds, funds and more from a single unified platform.

Support service does not work on Saturday;

Available in the US

TU Overall Score 6.7 /10
User Satisfaction score Overall user experience and feedback based on ease of use, customer support, and platform reliability.	7.8 /10
Commissions and fees score Analysis of the cost structure including trading commissions, minimum fees per trade, and withdrawal fees.	8 /10
Regulation and safety score Assessment of regulatory compliance, financial security measures, and the overall safety of client funds.	10 /10

Regulated activities and participation in compensation funds;
No minimum deposit requirements when opening an account with the international division;
Leverage is available for trading currencies and CFDs;
Wide range of trading assets and markets;
Fee rebates for new and active existing clients with large trading volumes;
Floating spreads from 0.6 pips for retail Forex traders;
Bonuses for new clients and partnership programs for different client categories.

The broker can reject opening accounts to traders with low capital or insufficient knowledge of derivatives trading;
Deposits and withdrawals can’t be made with e-wallets, electronic payment systems, or cryptocurrencies;
Trading conditions differ for various countries, so you have to look for the broker’s website in your country.

We at Traders Union have analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we encourage users to perform independent due diligence and consult official regulatory sources before making any financial decisions.

Learn more about our methodology and editorial policies.

Trading fees and commissions of top brokers in the US

We compared both trading and non-trading fees of the top brokers in the US. This comparison highlights the following:

Trading fees:

These include average spreads in pips for popular currency pairs like EUR/USD and GBP/USD, based on both Standard and ECN account types with floating spreads.
Non-trading fees:

These cover deposit and withdrawal fees (percentage-based), along with inactivity fees.

By analyzing these parameters, we aim to provide a transparent overview of the cost-effectiveness of brokers in the US.

Trading fees
	Plus500
ECN Spread EUR/USD	No	0,1 0,15 0,2 0,2 0,8	0,1 0,15 0,2 0,2 0,8
ECN Spread GBP/USD	No	0,15 0,2 0,4 0,3 1	0,15 0,2 0,4 0,3 1
ECN fee ($)	No	3 3,5 5 2 2,3	3 3,5 5 2 2,3
Standard acc. EUR/USD spread	0,7	0,6 0,3 1,0 0,5 0,9	0,6 0,3 1,0 0,5 0,9
Standard acc. GBP/USD spread	0,8	0,9 0,3 1,2 1,0 1,1	0,9 0,3 1,2 1,0 1,1
XAU/USD spread, pips	45	22 30 35 15 30	22 30 35 15 30

Non-trading fees
	Plus500
Deposit fee, %	No	No No No No No	No No No No No
Withdrawal fee, %	No	No No No Yes No	No No No Yes No
Withdrawal fee, $	No	No 0-15 No Yes No	No 0-15 No Yes No
Inactivity fee, $	10	No No 15 No No	No No 15 No No

Security and regulation of top brokers in the US

When choosing a Forex broker in the US, regulation ensures your funds are safe. Tier-1 regulation is the most reliable, with strict rules on transparency and client protection. Tier-2 regulation is solid but less strict, offering a reasonable level of oversight. Tier-3 regulation and unregulated brokers are riskier, with minimal or no monitoring, which can put your money at risk.

The data below shows the regulatory level of brokers available in the US, helping you make a safe and informed choice.

	Plus500
Regulation and safety	10	10 10 10 10 10	10 10 10 10 10
Regulation	FCA, CySEC, MAS, ASIC, FMA, FSA (Seychelles)	ASIC, FCA, DFSA, BaFin, CMA, SCB, CySec FSC (BVI), ASIC, IIROC, FCA, CFTC, NFA CIMA, FCA, FSA (Japan), NFA, IIROC, ASIC, CFTC SEC, FINRA, SIPC, FCA, NSE, BSE, SEBI, SEHK, HKFE, IIROC, ASIC, CFTC, NFA FCA, BaFin, ASIC, MAS, CySec, FINMA, BMA, CFTC, NFA	ASIC, FCA, DFSA, BaFin, CMA, SCB, CySec FSC (BVI), ASIC, IIROC, FCA, CFTC, NFA CIMA, FCA, FSA (Japan), NFA, IIROC, ASIC, CFTC SEC, FINRA, SIPC, FCA, NSE, BSE, SEBI, SEHK, HKFE, IIROC, ASIC, CFTC, NFA FCA, BaFin, ASIC, MAS, CySec, FINMA, BMA, CFTC, NFA
Max. Regulation Level	Tier-1	Tier-1 Tier-1 Tier-1 Tier-1 Tier-1	Tier-1 Tier-1 Tier-1 Tier-1 Tier-1
Investor protection	€20,000 £85,000 SGD 75,000	£85,000 €20,000 €100,000 (DE) £85,000 SGD 75,000 $500,000 £85,000 $500,000 £85,000 £85,000 €100,000 SGD 75,000	£85,000 €20,000 €100,000 (DE) £85,000 SGD 75,000 $500,000 £85,000 $500,000 £85,000 £85,000 €100,000 SGD 75,000
Negative balance protection	Yes	Yes Yes Yes Yes Yes	Yes Yes Yes Yes Yes

Top 3 brokers for beginners in the US

This comparison highlights the best brokers in the US for new traders based on the following criteria:

Education Score: Assesses the quality of educational materials, such as tutorials and guides.
Cent Accounts: Allow traders to start with minimal capital ($1–$10), enabling them to learn market dynamics with limited financial risk.
Demo Accounts: Provide risk-free environments for practicing trading strategies.
Copy Trading: Enables new traders to learn by replicating the trades of experienced traders.
PAMM Accounts: Offer opportunities for passive investment.

These features help ensure a smooth start and effective learning experience for beginners in the US.

	Plus500	Pepperstone	OANDA
Education score	5.67	7.29	4.97
Demo	Yes	Yes	Yes
Copy trading	No	Yes	Yes
PAMM	No	Yes	No
Cent	No	No	No

Is Forex regulated in the US?

The Forex market in the United States is one of the most strictly regulated in the world. The primary regulators are the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA). All Forex brokers operating within the U.S. jurisdiction are required to obtain CFTC licenses and be registered members of the NFA. Violation of the rules can result in large fines and license revocation. Trading through unregulated platforms in the U.S. is illegal.

Forex investor protection in the United States

The U.S. provides one of the highest levels of protection for traders. Brokers are required to maintain a minimum capital of $20 million to ensure the stability of operations and to segregate client funds from their own assets. The NFA requires complete transparency of operations and conducts regular audits. In cases of dispute, investors can utilize the NFA's arbitration system to resolve conflicts. The CFTC monitors all transactions and takes action against illegal activities.

Forex taxation in the United States

Income from Forex trading in the United States is subject to taxation depending on the nature of the profit. Short-term profits (held for less than 12 months) are considered ordinary income and are taxed at rates ranging from 10% to 37%, depending on the taxpayer's income bracket. Long-term profits (held for more than 12 months) are considered capital gains and are taxed at rates up to 20%. The U.S. tax system requires detailed records of all transactions and income, and traders are required to file returns using the appropriate IRS forms.

How to choose a Forex broker in the US

For beginners, it’s essential to start with a strong foundation in Forex trading basics. Focus on understanding trading psychology, how leverage impacts risk, and the importance of lot sizes and risk management strategies.

Once you’ve built your knowledge, follow these practical steps to begin trading Forex in the US:

Check regulation and security.

Ensure the broker is regulated by a Tier-1 or Tier-2 regulatory authority or holds a valid license in the US. Regulation helps guarantee fund safety and compliance with industry standards.
Compare fees and spreads.

Seek brokers offering low spreads, transparent fees, and competitive commission structures for the US clients to minimize trading costs.
Evaluate trading platforms.

Choose brokers offering advanced platforms such as MT4, MT5, or TradingView for efficient trading and analysis.
Review account types.

Select a broker that offers account types suited to your needs, such as Cent and Demo accounts for beginners and ECN accounts for experienced traders.
Assess deposit and withdrawal options.

Ensure the broker provides fast, affordable, and reliable deposit and withdrawal methods in the US.
Check customer support quality.

Choose brokers that offer responsive, multilingual support 24/7 to ensure prompt and effective issue resolution.

Top 3 biggest forex brokers in the United States

The United States is home to some of the largest Forex brokers globally, known for their robust trading volumes, strict regulation, and advanced platforms. These brokers are regulated by the Commodity Futures Trading Commission (CFTC) and are members of the National Futures Association (NFA), ensuring the highest level of security and transparency. Here are the top 3 biggest Forex brokers in the U.S.:

	Pepperstone	OANDA	FOREX.com
Daily trading volume	8,04	12,84	18,6
CFTC regulation	No	Yes	Yes
NFA regulation	No	Yes	Yes
SEC regulation	No	No	No
TU overall score	7.17	6.8	6.95
Open an account	Study review	Study review	Study review

Expert advice for traders in the US

As I've learned over my years of trading, understanding a broker's fee structure can directly impact your profitability. Low spreads, transparent commissions, and an absence of hidden fees should be priorities. For instance, I often recommend ECN accounts for their cost-effectiveness, as they offer raw spreads with minimal charges. Additionally, non-trading fees, like deposit or withdrawal charges, can accumulate over time. Comparing these factors across brokers ensures you're not overpaying, preserving your profits in the long run.

Team that worked on the article

Alamin Morshed is a contributor at Traders Union. He specializes in writing articles for businesses that want to improve their Google search rankings to compete with their competition. With expertise in search engine optimization (SEO) and content marketing, he ensures his work is both informative and impactful.

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Chinmay Soni is a financial analyst with more than 5 years of experience in working with stocks, Forex, derivatives, and other assets. As a founder of a boutique research firm and an active researcher, he covers various industries and fields, providing insights backed by statistical data. He is also an educator in the field of finance and technology.

As an author for Traders Union, he contributes his deep analytical insights on various topics, taking into account various aspects.

Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).