Best Forex Brokers in USA for 2026
Top CFTC & NFA regulated forex brokers accepting US clients with competitive spreads and powerful platforms.
Written by
David Okonjo
Fact Checked by
Lisa Martinez
Top Forex Brokers for US Traders in 2026
Trading forex in the USA remains highly regulated in 2026 under the CFTC and NFA. While options are more limited than in other jurisdictions, US traders have access to some of the most capitalized and trustworthy brokers in the world. Our 2026 review prioritizes brokers that combine strict regulatory compliance with competitive spreads and advanced trading technology. FOREX.com and OANDA continue to lead the market, offering tailored solutions for active and beginner traders respectively.
Is forex trading legal in the United States?
Yes, forex trading is legal in the US. However, it is heavily regulated by the Commodity Futures Trading Commission (CFTC) and National Futures Association (NFA). Only brokers registered with these bodies can legally offer forex trading to US residents.
Key Features for US Traders
Compare essential features of CFTC/NFA regulated forex brokers available to US residents.
| Broker | ||
|---|---|---|
| FOREX.com | $5/100k | $100 |
| IG US | None | $250 |
| OANDA | None | $0 |
| Interactive Brokers | $2/100k | $0 |
| eToro USA | None | $10 |
| Ally Invest | None | $0 |
| Nadex | $1/contract | $250 |
| TradeStation | None | $0 |
| Tastyfx | None | $0 |
Detailed Broker Analysis
Best overall forex broker for US traders.
FOREX.com is the most popular choice for US forex traders, offering tight spreads, advanced platforms, and full CFTC/NFA regulation. Their proprietary platform and MetaTrader options cater to all skill levels with powerful charting tools and educational resources.
Excellent research and education for American traders.
IG US brings world-class research tools and educational resources to the American market. Their platform is user-friendly yet powerful enough for experienced traders, with award-winning analysis and market insights.
No minimum deposit with flexible lot sizes.
OANDA is ideal for beginners with its zero minimum deposit requirement and flexible trading sizes. Their excellent mobile app and transparent pricing make them a top choice for new traders learning the markets.
Lowest commissions for high-volume traders.
Interactive Brokers offers the tightest spreads and lowest commissions in the US market. Their Trader Workstation platform is ideal for professional and institutional traders with advanced tools.
Social trading pioneer with crypto focus.
eToro revolutionized trading with social copy features. While spreads are wider, their user-friendly platform and crypto offerings make them unique in the US market.
Low-cost broker with full-service options.
Ally Invest offers competitive pricing and integrates well with Ally Bank accounts. No minimum deposit and zero inactivity fees make them cost-effective for budget-conscious traders.
Binary options and spreads specialist.
Nadex specializes in binary options and spread betting, regulated directly by the CFTC. Limited forex pairs but unique products for advanced traders seeking defined-risk strategies.
Professional-grade tools for serious traders.
TradeStation offers professional-grade trading platforms with advanced order types and analysis tools. Popular among active traders despite annual inactivity fee.
New kid on the block with tight spreads.
Tastyfx (formerly SmartTrader) is a newer entrant with competitive spreads and zero fees. Limited track record but promising offering for US traders seeking low costs.
Frequently Asked Questions
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Broker availability depends on your country of residence. Some brokers may not accept clients from certain jurisdictions including the USA, Canada, Japan, and others. The comparison table on this page shows country acceptance status. Please verify availability with the broker directly before proceeding.
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January 2026