Best Forex Brokers in USA

If you’re looking for the best forex brokers in the USA, then you’re in the right place because we have ranked the best US forex brokers just for you.

This guide aims to help you choose a broker that meets your trading needs, leaving you to focus on what matters, which is profitability in the forex markets.

Ranking Methodology – While ranking the best US forex brokers, we took several factors into consideration, although one of the first critical factors we considered is the broker’s regulatory compliance and safety.

We ensured the brokers are safe based on our testing and the feedback we received from our users. We also ensured they are regulated by the necessary regulatory authorities in the United States, including the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA).

The Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA) regulate the U.S. derivatives markets and the U.S. derivatives industry, respectively. Their major role is to protect financial consumers by maintaining and promoting a transparent and stable financial market.

Along with the broker’s regulatory compliance, other factors that influenced our judgments while ranking the brokers include their trading fees (spreads, commissions, and overnight fees), non-trading fees, base currencies offered, product offering, execution model, execution speed, assets offered, trading platforms provided, research offering, education offered, and customer support service.

3 Best US Forex Brokers in 2022

Following our thorough testing and ranking process, here are the 3 Best US forex brokers in 2022;

  2. IG
  3. Interactive Brokers

1. is a global FX and CFD provider founded in 2001. It is owned and operated by its parent company StoneX Group Inc, a publicly-traded company listed on the NASDAQ Stock Exchange (NASDAQ: SNEX). offers CFDs, spreads betting, and futures across over 9,500+ global markets, including forex, commodities, indices, stocks, metals, and cryptocurrencies, through institutional-grade platforms, excellent execution, and high-touch expertise.

Other outstanding brokerage solutions you can enjoy with includes deep liquidity, competitive pricing, transparent fee structure, superior trade executions, low slippage, multiple account types, an Active Trade Program (which can reduce trading costs by up to 15%), multiple industry-standard trading platforms, education & research tools, VPS hosting and an excellent customer support service.

The brokerage solutions offered by makes it an ideal broker for traders of all experience levels, although high-volume traders would benefit more from its services.

Regulation NFA (US), CFTC(US), FCA (United Kingdom), ASIC (Australia), FSA (Japan), IIROC (Canada)
Forex Pairs80+
Trading PlatformsMT4, MT5, NinjaTrader, Web
Minimum Deposit$100
Demo AccountYes (90 Days)
Maximum Leverage1:50
EU/UK Clients – 1:30
Account CurrenciesUSD, EUR, CAD, JPY, CHF, AUD, GBP
Payment MethodsWire Transfer, Card Payment, Paypal.
Trading ToolsVPS Hosting, Autochartist, Recognia, Smart Signals, Performance Analytics


  • Strong regulatory framework.
  • 20+ years of industry experience.
  • Parent company StoneX is a publicly-traded company listed on the NASDAQ Stock Exchange (NASDAQ: SNEX).
  • Over 500,000+ clients worldwide.
  • Multiple industry standard trading in mobile, web, and desktop versions.
  • Fast order execution.
  • Wide range of asset classes.
  • Low minimum deposit.
  • Fast and secure payment methods.
  • Competitive pricing.
  • Offers Active Trader Program, which helps reduce trading costs by up to 15%.
  • Great customer support service.


  • Limited payment methods
  • Slow account verification process.
  • The demo account is only available for 90 days.

2. IG

IG sm wp

IG is a highly reputable global online broker and one of the largest CFD providers in the world in terms of revenue and trade volume. It was established in 1974 by IG Group plc, a publicly-traded company on the London Stock Exchange and a constituent of the FTSE 250 Index.

IG offers spread betting, stockbroking, and CFD trading across a wide variety of global markets, including forex, shares, indices, commodities, cryptocurrencies, options, bonds, interest rates, sectors, and ETFs with over 18,000+ instruments to trade.

Along with access to a wide array of global markets, you can also enjoy exceptional brokerage services such as deep liquidity, superior trade execution, volume-based rebates, sophisticated trading platforms, expert customer support service, and much more.

IG’s ease of use, advanced trading tools, range of markets, research, and rich education offering, make it an excellent broker for both beginner and professional traders. Also, active and high-volume traders are welcomed with exceptional trading conditions and volume-based rebates, which can help keep trading costs down.

IG Overview

Forex Pairs81 Currency Pairs
Trading PlatformsProRealTime, L2 Dealer, MetaTrader 4
Minimum Deposit$300
Demo AccountAvailable | Open Demo Account
Maximum Leverage1:222
Account CurrenciesUSD, GBP, AUD, EUR, SGD, HKD.
Payment MethodsBank Wire Transfer, Credit/Debit Cards, Paypal
Trading ToolsAPIs, Virtual Private Server (VPS)


  • Strong regulatory framework.
  • It is listed on the stock exchange.
  • 45+ years of industry experience.
  • 313,000+ clients worldwide.
  • Deep liquidity.
  • Volume-based rebates for high-volume traders.
  • No minimum deposit for bank transfers.
  • Industry-standard trading platforms.
  • Low forex trading fee
  • Excellent educational offering for beginner, intermediate and advanced traders.
  • Outstanding research offering.
  • Excellent customer support service.


  • Inactivity fee charged (after two years of inactivity).
  • Offers only forex trading.
  • No copy/ social trading platform.

3. Interactive Brokers


Interactive Brokers (also known as IBKR) is a leading global online broker owned and operated by Interactive Brokers Group, a publicly-traded company listed on the NASDAQ index.

IBKR offers a wide array of trading instruments and investment products from a single integrated trading account, including forex (spot currencies), stocks, fractional shares, bonds, mutual funds, hedge funds, ETFs, options, futures, cryptocurrencies, and metals.

With IBKR, you can enjoy an extensive list of excellent brokerage services, including deep liquidity, superior order execution, low trading fee, low financing rate, quality educational materials (for beginners, intermediate & advanced level traders), sophisticated multi-functional trading platforms, powerful research tools and much more.

The brokerage services offered by IBKR make it suitable for active traders and sophisticated investors with advanced trading experience. In addition, it is great for professional traders seeking exposure through different derivatives. Also, traders who want to combine trading and investing can do so through a single integrated account.

Furthermore, IBKR offers two brokerage plans: the IBKR Lite and IBKR Pro. The IBKR Lite plan serves casual traders with a simplified trading experience (via Client Portal, IBKR Mobile, and Trader Workstation). In contrast, the IBKR Pro plan is designed to serve active traders and sophisticated investors with a more advanced trading experience through a full suite of premier trading technology.

Interactive Brokers Review

BrokerInteractive Brokers (IBKR)
Regulation CFTC, IIROC, FCA, CSSF, Central Bank of Ireland, Central Bank Hungary, ASIC, HKFS, KLFB, and MAS.
Forex Pairs115
Trading PlatformsTrader Workstation, IBKR Mobile, IBKR APIs
Minimum Deposit$0
Demo AccountAvailable | Open Demo Account
Maximum Leverage1:200
Payment MethodsBank Wire Transfer, US Automated Clearing House (ACH), Check, Online Bill Payment, BPay, Direct Deposit, Canadian Bill Payment, Canadian Electronic Fund Transfer (ETF), Direct Rollover (Trustee-To-Trustee, Late Rollover, Employee/ Employer SEP Contribution, Recharacterization, Roth IRA conversion).
Trading ToolsClient Portal API, Trader Workstation API, FIX API, Investors Marketplace


  • Strong regulatory framework.
  • Over 40+ years of experience in the industry.
  • It is listed on the stock exchange.
  • Wide range of product offerings.
  • Large selection of investment products.
  • Professional grade proprietary trading platforms for desktop and mobile devices.
  • Fast order execution.
  • Deep liquidity.
  • Ultra-low spreads and commissions.
  • Fast and secure payment methods.
  • Offers over 23 account base currencies.
  • It offers a volume-tiered pricing structure (based on the combined monthly trade value of the underlying asset).
  • A wide range of quality educational materials suitable for beginners, intermediate and advanced traders (including videos, courses, and webinars).
  • Wide range of vital trading tools and services.


  • It can be overwhelming for beginners.
  • Not suitable for low-volume traders.
  • Offers no third-party trading platform.
  • The demo account is available only after the regular trading account has been approved and funded.
  • Card payments and electronic payments are not available.