The Forex market is always enticing for traders that want to make some quick bucks. However, not all Forex brokers are OK with working in the US. There are certain regulations that they have to pass through and all that kind of stuff that is not exactly appealing to them. And that’s why you need to find Forex brokers accepting US clients. We are here to list some of the best.
The Best Forex Brokers in the US
The list below is consistent with the Best Brokers Reviews based in the US and is also created according to the specified criteria and its Trust Scores. The criteria for CFD trading brokers are typically shortened in the US due to regulations limiting CFD trading, but you will find shortened criteria with a reliable ranking in the list
- Interactive Brokers – Lowest Spread Broker in the United States
- Forex.com: Best MT4 Broker in the US.
- OANDA – Best Broker for Beginners in the United States in 2022
- eToro – Best for Crypto Trading in the United States in 2022
Which forex brokers accept US clients?
Due to strict US trading regulations, only US-regulated brokers can accept and open accounts for US residents. However, offshore brokers will try to allure you with opportunities. We hardly recommend avoiding these proposals due to high risks.
Interactive Brokers also serves US clients, and they offer a maximum of 50:1 leverage to begin with. The interesting thing is that commissions are fixed at $2, so you don’t have to worry about major expenses when you use them. They are smaller investors, which means that if you want to be a non-professional FX trader, that can be a problem.
This is one of the main Forex brokers accepting US clients. They do a very good job of bringing a wide range of FX pairs, around 84 in total.
They also have some of the lowest spreads on the major FX pairs, which makes them very convenient and professional. The website also has a simple interest rate charge. It’s 0.5% for the best traders and it can go up to 10% for those that just trade casually.
In the end, it’s safe to say that they are serious, have a spread of 1.4 pips, and are known for their professionalism.
Oanda brings you a good selection of FX pairs. On top of that and professional, it’s one of the few Forex brokers accepting US clients that has a low commission spread of 1.6. They don’t have a clear explanation regarding the margin account interest charges. They do have an interest rate calculator app, but it just complicates things.
If you’re looking to find the best Forex brokers accepting US clients, then these are some of the best. If you are from the US and want to trade adequately, you should consider giving up part of your stock.
The best part is that there are a plethora of unique benefits, so just give them a shot and you will be quite amazed by the value and quality that comes from it all.
This is another good forex broker accepting US clients. eToro also works in the US, and they have a lower margin account interest rate. They do offer 52 FX pairs too, which is very nice. They do cover most of the majors too. As for the spread commissions, these are quite competitive at around 1.7 pips.
It could be better, but for the most part, you do receive quite a lot of value, so check that out.
The Best Forex Brokers
Dailybluepips‘ picks for the best forex brokers in 4 key categories appear below, along with details about each broker and a screenshot of their trading platforms. As you read through your options, remember that the majority of forex brokers can help you open a basic account and begin your investing journey. With these 6 brokerage houses, you are choosing based on the services and extras they provide, above and beyond what a traditional broker would do.
Choose Your Broker Wisely
Since your forex broker will be your primary trading partner, you want to choose one carefully to make sure they are reputable and will meet your requirements as a trader. Open a demo account with an online broker you’re thinking of using to see whether it is a good fit. Demo account trading can also help prevent potentially costly errors that might arise from your being unfamiliar with the broker’s trading platform.