Best Forex Brokers in United States 2026
The United States has one of the most heavily regulated forex markets in the world, overseen by the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA). Only a handful of brokers are registered to offer retail forex trading to US residents.
Regulators
CFTC, NFA
Max Leverage
1:50
Brokers Reviewed
5
Is Forex Trading Legal in United States?
Forex trading is fully legal and heavily regulated. Brokers must be registered with the CFTC and be NFA members. The FIFO rule and no-hedging restriction apply to US retail accounts.
US traders have very few broker choices due to strict CFTC/NFA requirements. CFD trading is not permitted for US retail clients. The Dodd-Frank Act significantly shaped current regulations.
Top 5 Brokers for United States Traders
| Feature |  IG Overall 9.2/10 |  Interactive Brokers Overall 9.2/10 |  Saxo Bank Overall 9.0/10 |  IC Markets Overall 8.8/10 |  CMC Markets Overall 8.8/10 |
|---|---|---|---|---|---|
| Overall Score | 9.2/10 ✓ | 9.2/10 ✓ | 9.0/10 | 8.8/10 | 8.8/10 |
| Spreads From | 0.6 pips | 0.1 pips | 0.4 pips | 0.0 pips | 0.7 pips |
| Min Deposit Lower is better | $250 | $0 ✓ | $2000 | $200 | $0 ✓ |
| Platforms | IG Platform, MT4, ProRealTime, L2 Dealer | TWS, IBKR Mobile, IBKR GlobalTrader | SaxoTraderGO, SaxoTraderPRO | MT4, MT5, cTrader | Next Generation, MT4 |
| Regulation | FCA, ASIC, MAS, BaFin | SEC, FCA, ASIC, MAS, IIROC | FCA, DFSA, MAS | ASIC, CySEC, FSA | FCA, ASIC, BaFin |
| Markets | 17,000+ | 1,000,000+ ✓ | 72,000+ | 2,200+ | 10,000+ |
IG
Est. 1974 · London, UK
Min Deposit
$250
Spreads From
0.6 pips
Leverage
1:200
Instruments
17,000
Interactive Brokers
Est. 1978 · Greenwich, USA
Min Deposit
$0
Spreads From
0.1 pips
Leverage
1:50
Instruments
1,000,000
Saxo Bank
Est. 1992 · Copenhagen, Denmark
Min Deposit
$2000
Spreads From
0.4 pips
Leverage
1:200
Instruments
72,000
IC Markets
Est. 2007 · Sydney, Australia
Min Deposit
$200
Spreads From
0.0 pips
Leverage
1:500
Instruments
2,200
CMC Markets
Est. 1989 · London, UK
Min Deposit
$0
Spreads From
0.7 pips
Leverage
1:500
Instruments
10,000
Tips for United States Traders
Only use CFTC-registered, NFA-member brokers
Verify registration on the NFA BASIC database
CFDs are not available to US retail traders — only spot forex and futures
Be aware of the FIFO rule and no-hedging restrictions on US accounts
Frequently Asked Questions
Is forex trading legal in the US?
Yes, forex trading is legal but heavily regulated by the CFTC and NFA. Only registered brokers can serve US retail clients.
Why are there so few US forex brokers?
Strict CFTC/NFA capital requirements (minimum $20 million net capital) and compliance costs mean only a handful of firms operate in this space.
Can US traders use international brokers?
No, US residents should only trade with CFTC-registered, NFA-member brokers. Using offshore brokers violates US regulations.
Read the full reviews for the brokers available in United States
This country page is the shortlist. The individual reviews are where you can check platform details, withdrawal terms, regulation, and who each broker suits best before you choose.
IG review
IG is a premium broker with 50+ years of experience, 17,000+ markets, and an exceptional proprietary platform backed by top-tier global regulation.
Interactive Brokers review
Interactive Brokers is one of the world's largest and most regulated brokers, offering access to 150+ markets, all asset classes, and professional-grade tools at industry-leading low costs.
Saxo Bank review
Saxo Bank is a premium licensed bank offering 72,000+ instruments, award-winning proprietary platforms, and top-tier FCA/DFSA/MAS regulation.
IC Markets review
IC Markets delivers institutional-grade execution with raw spreads from 0.0 pips, $15B+ daily volume, and ASIC/CySEC regulation.
CMC Markets review
CMC Markets is a 35-year veteran offering 10,000+ instruments through its award-winning Next Generation platform with FCA/ASIC/BaFin regulation.