I’ve found that it offers a seamless trading experience, leveraging IG’s trusted and regulated platform. Tastyfx provides the same user-friendly web, mobile, and desktop platforms as IG, and new traders can tap into IG’s award-winning educational resources, which I’ve personally reviewed and rated highly. Although the full IG Academy isn’t directly available on tastyfx, U.S. traders can still access it via IG’s global site. Tastyfx is my pick for the best forex broker for US forex traders in 2025. In 2025, the best Forex brokers offer competitive spreads, advanced trading platforms, and strong regulatory oversight to help traders navigate the market confidently.
Options like Forex.com and Interactive Brokers are among the top choices here. I put TradingView in top spot for technical analysis, as you have access to a growing library of more than 100 indicators. More experienced traders can develop custom indicators to fine-tune your strategies, or automate them through Expert Advisors (EAs). Individual states may also require their own licenses, and states can decide which instruments brokers are permitted to offer. The legal status of cryptocurrency, for example, may vary from state to state, and so this instrument may not be available to all U.S. traders. EToro has SmartPortfolios, which are investments based on a specific theme – cryptocurrency firms, AI-based companies, or major forex pairs baskets, for example.
Customer Support
Due to the Dodd-Frank Act, very few offshore forex brokers will accept US clients. American traders can trade spot forex, which involves directly buying and selling actual currencies. In this form of trading, traders exchange one currency for another and own the currencies they trade. Non-US citizens residing in the US might have additional options, such as trading forex CFDs with offshore brokers.
Trading platforms and tools
Also, we did an in-depth review of FOREX.com that can provide you with further useful info. FOREX.com also offers a wide variety of analysis tools, with their platforms supporting over 90 technical indicators, as well as news from a variety of channels. It has a simple trading interface, a small initial deposit, a wide variety of learning resources, and fair fees. They use it to navigate the unpredictable nature of the futures market successfully. Yes, though forex trading in the US is generally considered highly regulated.
Key considerations for trading Forex in the U.S
There’s no minimum trading cost with Forex.com, so your fees scale with your trade sizes. The National Futures Association (NFA) is a self-regulatory organization comprised of financial services companies – including online brokers. It’s responsible for issuing licenses, conducting audits, and enforcing compliance. These commissions present a huge saving, regardless of whether you trade once a week or once an hour. However, they are most beneficial for high-volume traders, particularly scalping and algo traders.
- With an impressive collection of over 2500 reviews on Trustpilot, boasting a score of 4.2, it’s clear that Rational FX has built a reputation for providing reliable and unbiased information.
- We recommend Interactive brokers – IB for short – particularly for professional traders based on their powerful trading tools and extensive range of order types – more than any other broker we reviewed.
- These include binary options, call spreads, and knock-out options, each offering its own way to speculate on forex pairs.
- The platform will automatically exit losing positions if the market turns against a trader, preventing catastrophic losses.
- I frequently clocked 1.40 to 1.50 pip spreads on this pair, which is very competitive for U.S. brokers.Other brokers tested – such as Charles Schwab – exhibited quite a lot of drift in their spreads.
The typical industry spread on the AUD/USD pair, for instance, is 1.5 pips. With the OANDA Standard Account, the average is just 1.3 pips – a reduction of around 26.7%. Finding a reliable and best Forex broker in the USA is essential for successful trading. It is important to choose a broker regulated by the National Futures Association NFA and the Commodity Futures Trading Commission CFTC to ensure security and compliance.
- The tiered loyalty program will suit some traders, but many forex traders will be happy enough just using the broker’s standard features.
- Some traders have pointed out that there are overnight fees applied to your trades and inactivity fees of $10 a month applied if your account remains dormant for 12 months or more.
- I have tested U.S.-regulated forex brokers according to their trading conditions, costs, range of markets, and variety of platforms.
- The NFA is an arm of the CFTC that provides regulatory programs to safeguard the integrity of the Forex market, and it is with the NFA that US Forex brokers must register with.
- The platform lets you easily manage your copy trades through its portfolio manager.
- This is why trust and reputation are so important as you choose a broker.
However, I wish they provided videos for each lesson, as this can help improve knowledge retention in my opinion. Our broker reviews are reader supported and we may receive payment when you click on a partner site. Live chat is one of the most popular methods to get support from the broker, but you can also use the dedicated telephone support line. Additionally, you can enjoy the services of a personal relationship manager if you qualify for this program, as well as daily interest applied to unused margins and reimbursed wire transfer fees. This lowest tier gives you a rebate of $5.00 for each million traded, rising to $7.00 on the second tier, then $10.00, $15.00, and, finally, $17.00. OANDA states that the $17.00 rebate can cut your costs by 34% on average.
Tastyfx
I recommend the broker to anyone who trades with position sizes higher than 1 lot. This is because Interactive Brokers has a minimum charge of $2.00 for all position sizes – so larger trades are cheap, while smaller trades are relatively expensive. Understanding risk management and building winning trading strategies are very important for me, and I was impressed that Tastyfx supports you as you do both.
Plus500 – Good for futures trading
The support for MetaTrader 4 is another positive aspect, although the proprietary OANDA Trade platform is excellent, too. OANDA’s platform is also one of the most intuitive pieces of trading software around, offering a gentle learning curve for beginners. In addition to Forex, OANDA also works with Paxos, giving you access to cryptocurrency instruments.
You can also get your fix of education by registering for its weekly Foundations of Forex Trading webinar. FOREX.com also offers plenty of educational videos, articles, and platform tutorials – and beginners can make use of a demo account to get acquainted with their platforms. In this guide, we review the best U.S.-complaint Forex brokers, comparing their fees, leverage, pros, and cons. Standard accounts suit beginners and those seeking more control over trading costs.
Can non-regulated brokers like CapitalCore and Unitedpips legally accept U.S. clients?
These support teams can also give you very fast response times, which is definitely a good thing if you have an urgent query. While such changes often cause problems for brokers, it’s actually improved Schwab, helping it to offer new features and to upgrade the support they provide. Regarding the downsides to the platform, unfortunately, they do not offer access to popular third-party platforms, such as TradingView and the MetaTrader platforms.
This means Plus500 can be a good choice if you are a more experienced futures trader, too. Trading.com’s platform is not bad, but the fact they also support MetaTrader 5 strengthens the broker’s position. This is best us forex brokers one of the best platforms available to analyze the markets, execute positions and automate trades. In the TWS area, you can analyze more than 150 financial markets, conduct tests and buy and sell trading positions. You’ll be able to access TWS on the desktop, web-based or mobile version of the platform.
Standard spreads start at 0.80 pips, while the customer support is 24/7 – two of the most impressive showings in each category. TradingView platform is my top choice for technical analysis, thanks to its market screeners and 100+ indicators. FOREX.com provides the most trading platform options of any broker I looked at.
You can get trading signal alerts from Analyzer and Trading Central, giving you more intraday trade ideas to work with. I prefer this version over the older MT4, as the upgrade optimizes the speed of the software. Similar to MT4’s Expert Advisors, Thinkorswim has thinkScript that allows you to automate your trading strategies.