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Measured trading costs — forex brokers for Usa traders
Across the 12 Forex brokers available to Usa traders on this page, the median researched EUR/USD spread is 0.7 pips, ranging from 0.0 to 1.4 pips, with 8 of those figures taken from the broker's own published specification.
| Broker | EUR/USD spread | Max leverage | Execution | Min deposit | Regulators |
|---|---|---|---|---|---|
| IG US | 0.6 pips [ig.com] | 1:30 (Retail UK/EU) | 1:200 (Pro) | Market Maker (+ DMA routing available) | $250 | FCA (UK), ASIC (Australia), CFTC/NFA (USA), FINMA (Switzerland), MAS (Singapore) |
| OANDA | 1.4 pips [oanda.com] | 1:50 (US) | 1:30 (EU/UK) | 1:200 (BVI) | Market Maker / V2 Engine | $0 | CFTC/NFA (US), FCA (UK), ASIC (Australia), CIRO (Canada), MAS (Singapore) |
| FOREX.com | 1.2 pips [forex.com] | 1:50 (US) | 1:30 (UK/EU) | 1:400 (Global) | Market Maker + DMA | $100 | CFTC/NFA (USA), FCA (UK), ASIC (Australia), CIRO (Canada), MAS (Singapore), CIMA (Cayman) |
| eToro USA | 0.6 pips [etoro.com] | 1:30 (Retail) | Market Maker | $10 | FCA (UK), ASIC (Australia), CySEC (Cyprus), FinCEN/FINRA (US) |
| TMGM | 1.0 pips [tmgm.com] | 1:1000 (Intl) | 1:30 (ASIC retail) | ECN / STP | $100 | ASIC (Australia), FMA (New Zealand), VFSC (Vanuatu), FSC (Mauritius) |
| EasyMarkets | 0.6 pips [easy-markets.com] | 1:400 (Intl) | 1:30 (EU/AU) | Market Execution (Fixed Spreads) | $25 | CySEC (Cyprus), ASIC (Australia), FSC (BVI), FSA (Seychelles) |
| Deriv | 0.5 pips [www2.deriv.me] | 1:1000 | Market Maker | $5 | MFSA (Malta), LFSA (Labuan), VFSC (Vanuatu), BVIFSC (BVI) |
| Tastyfx | 0.8 pips [tastyfx.com] | — | — | $0 | — |
| Interactive Brokers | 0.1 pips | 1:50 (US) | 1:30 (EU) | 1:500 (Pro) | Smart Routing / DMA | $0 | SEC/FINRA (US), FCA (UK), ASIC (Australia), MAS (Singapore), CIRO (Canada) |
| TradeStation | 1.0 pips | 1:50 (Forex) | DMA | $0 | SEC/FINRA (US) |
| LiteFinance | 0.0 pips | 1:1000 (Intl) | 1:30 (CySEC) | ECN / Market Execution | $50 | CySEC (Cyprus), FSC (Mauritius), SVGFSA (registration only) |
| TIO Markets | 1.0 pips | 1:Unlimited (Standard) | Confirm current limits directly | Confirm current terms directly | $50 | FCA (UK) |
| Ally Invest | not published | — | — | $0 | — |
| Nadex | not published | — | — | $250 | — |
What changes locally
- Oversight relevant to traders in the USA sits with CFTC & NFA.
Best Forex Brokers in USA for 2026
Last updated August 2, 2026
Top CFTC & NFA regulated forex brokers accepting US clients with competitive spreads and powerful platforms.
How We Ranked
Rankings blend trust, pricing, and platform quality. Risk warning: CFDs carry high risk.
Regulated brokersLow spreadsFast withdrawals
Written by
BrokerAnalysis Research Desk
Fact Checked by
BrokerAnalysis Editorial Team
Personalized broker matching
Need a faster shortlist than reading every USA page?
Use the guided matching flow to narrow your next broker by country, budget, and trading platform before you compare the full table.
Last reviewed:
•By:BrokerAnalysis Research Desk
•Fact-checked by:BrokerAnalysis Editorial Team
Our 2 top picks for Forex Brokers in USA for
We stand behind these two. Everything below is a fuller comparison and lower-weight alternatives.
#1 · Best for Forex Brokers in USA for
TMGM
Min. deposit $100
- Raw Edge spreads from 0.0 pips
- Strong tier-1 ASIC regulation
- IRESS DMA for 12,000+ global stocks
ASIC (Australia), FMA (New Zealand), VFSC (Vanuatu)
#2 · Best alternative
Fusion Markets
Min. deposit $0
- One of the lowest commissions in the industry ($4.50 round turn)
- Raw spreads from 0.0 pips
- $0 minimum deposit
ASIC (Australia), VFSC (Vanuatu)
Why these two
Both brokers are shortlisted specifically for Forex Brokers in USA for, are regulated, and accept clients for this use case — we gate on regulation and safety first, then rotate the headline across the brokers that genuinely qualify so the same two names don't lead every page. Everything below is the fuller comparison.
CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. Trade only what you can afford to lose.
What is the forex regulatory status 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.
Top Forex Brokers for US Traders in 2026
Trading forex in the USA remains highly regulated in 2026 under the CFTC and NFA. Our current ranking starts with TMGM where it is available, followed by Fusion Markets, FOREX.com, and OANDA. Compare regulation, fees, platforms, account terms, and local funding fit before opening an account.
Country Offers
Browse All PromotionsAvailable offers for USA traders
Verified broker incentives that may be available in this market. We keep these below the core safety and pricing checks so the shortlist still feels editorial-first.
Welcome Bonus
eToro
FCA, CySEC, ASICFree Stock Worth up to $500
Free stock/asset worth up to $500 based on first deposit amount. Refer friends for $30 each.
Verified Jun 15, 2026
Quick Rankings
Get your personalized toplist:
FIND MY BROKERKey Features for US Traders
14 brokers · how we rank
Compare essential features of CFTC/NFA regulated forex brokers available to US residents.
| Broker | Withdrawal | FX commission | Time to open account | USDJPY spread | Regulation & funding | Action | ||
|---|---|---|---|---|---|---|---|---|
| 0.0 pips (Edge) | $100 | 1-2 business days | $7/lot round-turn (Edge) | — | — | No tier-1 licence listed | ||
| 0.0 pips (Zero) | $0 | Same day | — | — | — | ASIC (Australia)VFSC (Vanuatu) | |
| 1.2 | $100 | 1-2 business days | $5/100k | 1-2 days | 1.0 | No tier-1 licence listed | ||
| 1.3 | $0 | 1-3 business days | None | Same day | 1.1 | No tier-1 licence listed | ||
| 1.0 | $10 | 2-5 business days | None | Same day | 1.0 | No tier-1 licence listed | ||
| 0.5 pips (Standard) | $5 | 1 business day | $0 (Spread only on most products) | — | — | No tier-1 licence listed | ||
| From ~1.0 pips (confirm current terms) | $50 | Confirm current terms directly | Confirm current terms directly | — | — | No tier-1 licence listed | ||
| 0.7 pips | $25 | 1-2 business days | $0 | — | — | No tier-1 licence listed | ||
| 0.0 pips (ECN) | $50 | 1-2 business days | From ~$5/lot (ECN) | — | — | No tier-1 licence listed | ||
 | 0.0 pips (Raw ECN) | 1.2 pips (Standard STP) | $50 | 1-2 business days | — | — | — | ASIC (Australia)FSCA (South Africa)FSC (Mauritius) | |
 | 0.0 pips (Raw) | $100 | Same day to 1 business day | — | — | — | ASIC (Australia)CySEC (Cyprus)SVG FSA | |
 | 0.0 pips (ECN) | $50 | 1-2 business days | — | — | — | FCA (UK)ASIC (Australia)FSCA (South Africa) | |
 | 0.0 pips (ECN Prime) | $0 | 1 business day | — | — | — | FMA (New Zealand)FSA (Seychelles) | |
 | 0.0 pips (Raw+) | 1.2 pips (Standard) | $100 | 1 business day | — | — | — | FCA (UK)CySEC (Cyprus)FSCA (South Africa) |
Rank 01 · best overall
Spread
0.0 pips (Edge)
Min dep.
$100
Withdrawal
1-2 business days
FX commission
$7/lot round-turn (Edge)
Time to open account
—
USDJPY spread
—
Rank 02
Spread
0.0 pips (Zero)
Min dep.
$0
Withdrawal
Same day
FX commission
—
Time to open account
—
USDJPY spread
—
ASIC (Australia)VFSC (Vanuatu)
Visit Fusion Markets Read reviewRank 03
Spread
1.2
Min dep.
$100
Withdrawal
1-2 business days
FX commission
$5/100k
Time to open account
1-2 days
USDJPY spread
1.0
Rank 04
Spread
1.3
Min dep.
$0
Withdrawal
1-3 business days
FX commission
None
Time to open account
Same day
USDJPY spread
1.1
Rank 05
Spread
1.0
Min dep.
$10
Withdrawal
2-5 business days
FX commission
None
Time to open account
Same day
USDJPY spread
1.0
Rank 06
Spread
0.5 pips (Standard)
Min dep.
$5
Withdrawal
1 business day
FX commission
$0 (Spread only on most products)
Time to open account
—
USDJPY spread
—
Rank 07
Spread
From ~1.0 pips (confirm current terms)
Min dep.
$50
Withdrawal
Confirm current terms directly
FX commission
Confirm current terms directly
Time to open account
—
USDJPY spread
—
Rank 08
Spread
0.7 pips
Min dep.
$25
Withdrawal
1-2 business days
FX commission
$0
Time to open account
—
USDJPY spread
—
Rank 09
Spread
0.0 pips (ECN)
Min dep.
$50
Withdrawal
1-2 business days
FX commission
From ~$5/lot (ECN)
Time to open account
—
USDJPY spread
—
Rank 10
Spread
0.0 pips (Raw ECN) | 1.2 pips (Standard STP)
Min dep.
$50
Withdrawal
1-2 business days
FX commission
—
Time to open account
—
USDJPY spread
—
ASIC (Australia)FSCA (South Africa)FSC (Mauritius)
Visit VT Markets Read reviewRank 11
Spread
0.0 pips (Raw)
Min dep.
$100
Withdrawal
Same day to 1 business day
FX commission
—
Time to open account
—
USDJPY spread
—
ASIC (Australia)CySEC (Cyprus)SVG FSA
Visit FP Markets Read reviewRank 12
Spread
0.0 pips (ECN)
Min dep.
$50
Withdrawal
1-2 business days
FX commission
—
Time to open account
—
USDJPY spread
—
FCA (UK)ASIC (Australia)FSCA (South Africa)
Visit Moneta Markets Read reviewRank 13
Spread
0.0 pips (ECN Prime)
Min dep.
$0
Withdrawal
1 business day
FX commission
—
Time to open account
—
USDJPY spread
—
FMA (New Zealand)FSA (Seychelles)
Visit BlackBull Markets Read reviewRank 14
Spread
0.0 pips (Raw+) | 1.2 pips (Standard)
Min dep.
$100
Withdrawal
1 business day
FX commission
—
Time to open account
—
USDJPY spread
—
FCA (UK)CySEC (Cyprus)FSCA (South Africa)
Visit FxPro Read reviewWe earn a commission when you open an account through the buttons above. It does not change the ranking — our methodology. High risk: 68–80% of retail CFD accounts lose money.
In-Depth Broker Analysis
Our research team continuously monitors over 100 parameters per broker. Below is a detailed breakdown of our top-rated platforms, including their distinct advantages, ideal user profiles, and potential drawbacks.
Our Rating
4.5/5.0
Best ForBest for scalpers, ecn traders & stock-cfd traders via iress.
Min Deposit$100
TMGM Review Summary
TMGM is a multi-regulated broker with MT4, MT5, IRESS access, 0.0 pips (Edge) | 1.0 pips (Classic) on EUR/USD, and $100 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Pros
- Regulation varies by entity
- Minimum deposit: $100
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Raw or ultra-low spread account available — compare account types before opening
Our Rating
4.5/5.0
Best ForLow-cost & high-volume traders
Min Deposit$0
Fusion Markets Review Summary
Fusion Markets is a multi-regulated broker with MT4, MT5, cTrader, TradingView access, 0.0 pips (Zero) on EUR/USD, and $0 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Pros
- One of the lowest commissions in the industry ($4.50 round turn)
- Raw spreads from 0.0 pips
- $0 minimum deposit
- MT4, MT5, cTrader & TradingView
Cons
- No proprietary platform
- Limited educational content
- Leverage above ASIC caps only via the offshore entity
Our Rating
4.5/5.0
Best ForBest overall forex broker for US traders.
Min Deposit$100
FOREX.com Review Summary
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.
Pros
- Regulation varies by entity
- Minimum deposit: $100
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Average — compare account types before opening
Our Rating
4.5/5.0
Best ForNo minimum deposit with flexible lot sizes.
Min Deposit$0
OANDA Review Summary
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.
Pros
- Regulation varies by entity
- Minimum deposit: $0
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Average — compare account types before opening
Our Rating
4.5/5.0
Best ForSocial trading pioneer with crypto focus.
Min Deposit$10
eToro USA Review Summary
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.
Pros
- Regulation varies by entity
- Minimum deposit: $10
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Average — compare account types before opening
Our Rating
4.5/5.0
Best ForBest for synthetic indices traders & digital options users.
Min Deposit$5
Deriv Review Summary
Deriv is a multi-regulated broker with DTrader, DBot, Deriv MT5, Deriv X, SmartTrader access, 0.5 pips (Standard) on EUR/USD, and $5 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Pros
- Regulation varies by entity
- Minimum deposit: $5
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Competitive spread structure — compare account types before opening
Our Rating
4.5/5.0
Best ForBest for traders who have independently verified current terms and accept the trust concerns disclosed in our review.
Min Deposit$50
TIO Markets Review Summary
TIO Markets is a multi-regulated broker with MT4, MT5 access, From ~1.0 pips (confirm current terms) on EUR/USD, and $50 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Pros
- Regulation varies by entity
- Minimum deposit: $50
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Competitive spread structure — compare account types before opening
Our Rating
4.5/5.0
Best ForBest for risk-averse traders & beginners who value fixed spreads + dealcancellation.
Min Deposit$25
easyMarkets Review Summary
easyMarkets is a multi-regulated broker with Proprietary, MT4, MT5, TradingView access, 0.7 pips (Fixed, VIP) | 1.5-1.8 pips (Standard) on EUR/USD, and $25 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Pros
- Regulation varies by entity
- Minimum deposit: $25
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Competitive spread structure — compare account types before opening
Our Rating
4.5/5.0
Best ForBest for copy traders, beginners & cost-conscious ecn users.
Min Deposit$10 (Cent) / $50 (Classic/ECN)
LiteFinance Review Summary
LiteFinance is a multi-regulated broker with MT4, MT5, cTrader, Proprietary access, 0.0 pips (ECN) | 1.8 pips (Classic) on EUR/USD, and $10 (Cent) / $50 (Classic/ECN) minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Pros
- Regulation varies by entity
- Minimum deposit: $10 (Cent) / $50 (Classic/ECN)
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Raw or ultra-low spread account available — compare account types before opening
Our Rating
4.8/5.0
Best Fortraders who want free signals, 100% deposit bonus, copy trading support, and Raw ECN pricing
Min Deposit$50
VT Markets Review Summary
VT Markets is a multi-regulated broker with MT4, MT5, VT Markets App, WebTrader access, 0.0 pips (Raw ECN) | 1.2 pips (Standard STP) on EUR/USD, and $50 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Pros
- 100% deposit bonus on first deposit (minimum deposit $50)
- Raw ECN account with 0.0 pip spread potential
- MT4 and MT5 available across desktop and mobile
- Free Telegram signals funnel through Unshakable Traders
Cons
- Entity, leverage, and protection level vary by country
- Free signals are educational support, not profit guarantees
- Traders still need to manage risk and verify terms before depositing
Frequently Asked Questions About Forex Brokers in USA for
Frequently Asked Questions
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.
US regulations limit forex leverage to 50:1 for major currency pairs and 20:1 for minor pairs. This is significantly lower than leverage available in other countries but provides important protection for retail traders.
While technically possible, using unregulated offshore brokers is risky and may violate US regulations. We strongly recommend using only CFTC/NFA regulated brokers for legal compliance and fund protection.
The strict regulatory requirements from the CFTC and NFA, including high capital requirements and compliance costs, have led many international brokers to exit the US market. This results in fewer options but higher quality, regulated choices.
Yes, forex trading profits are taxable in the US. They are typically taxed as ordinary income or under Section 988 for spot forex. Consult a tax professional for your specific situation.
Top Searched Questions
How do I choose a reliable forex broker in 2026?
Start by verifying the broker holds a Tier-1 license (FCA, ASIC, or CySEC). Compare raw spreads on EUR/USD, check withdrawal processing times, and test the demo account. BrokerAnalysis independently tests 67+ brokers each quarter using real funded accounts.
What makes a forex broker the 'best' overall?
The best forex broker combines Tier-1 regulation, spreads from 0.0 pips on raw accounts, fast execution under 50ms, a wide range of 70+ currency pairs, and transparent fee structures. Our testing ranks brokers across 8 categories including safety, costs, and platform quality.
Which forex brokers are consistently top-rated?
Consistently top-rated brokers typically hold multiple Tier-1 licenses, maintain segregated client funds, and offer competitive raw spreads. Brokers like IC Markets, Pepperstone, and FP Markets consistently score above 4.5/5 in independent testing by BrokerAnalysis.
What is forex trading and how does it work?
Forex trading involves buying one currency while selling another, profiting from exchange rate fluctuations. The forex market operates 24/5, processes $7.5 trillion daily, and is accessible through online brokers with as little as $10. Traders use technical and fundamental analysis to make decisions.
What is the best forex trading platform to use?
MetaTrader 4 remains the most popular platform for its reliability and Expert Advisor support. MetaTrader 5 adds depth-of-market and more timeframes. TradingView excels at charting, while cTrader offers the best market depth for active traders. Your ideal platform depends on your trading style.
How do forex trading platforms differ from each other?
MT4 is best for EA automation and beginner simplicity. MT5 adds stock CFDs and economic calendar integration. cTrader provides Level II pricing and algorithmic trading via cAlgo. TradingView offers social charting with 100+ indicators. Choose based on whether you prioritize automation, analysis, or execution speed.
What features should a trading platform have?
A quality trading platform needs: one-click execution, customizable charts with 50+ technical indicators, pending order types (limit, stop, trailing stop), mobile app parity, demo account access, and reliable uptime above 99.9%. Platform stability during high-volatility news events is critical.
How does the forex market work?
The forex market is a decentralized global marketplace where currencies trade in pairs. It operates across four major sessions (Sydney, Tokyo, London, New York), runs 24 hours on weekdays, and is the largest financial market with $7.5 trillion in daily volume. Prices move based on economic data, central bank policy, and geopolitics.
Information automatically localized based on "forex brokers" and related trends.
Sources & References
- FOREX.com Forex Trading— FOREX.com
- OANDA Forex Trading— OANDA
- eToro Trading Fees— eToro
- BrokerAnalysis ranking methodology— BrokerAnalysis
- BrokerAnalysis data sources— BrokerAnalysis
- BrokerAnalysis editorial policy— BrokerAnalysis
Related Broker Pages
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Risk Warning: Forex and CFD trading involves significant risk of loss and may not be suitable for all investors. You could lose more than your initial investment. 68-80% of retail investor accounts lose money when trading CFDs with most providers. Consider whether you understand how CFDs work and whether you can afford the high risk of losing your money.
Not Financial Advice:
Information on this website is for educational and comparison purposes only. This does not constitute financial, investment, or trading advice. How we rank brokers. See Editorial Policy and Data Sources.
Affiliate Disclosure:
BrokerAnalysis may earn commissions from partners listed. This does not influence our rankings or analysis, which are based on our independent methodology. Read our Content Standards.
Regional Availability Notice
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 the country-acceptance status captured in our latest eligibility checks.