17 ☑️ Forex Brokers that accept USA clients (2024) - Forex Suggest (2024)

Overview

Most forex brokers who offer their services to traders from around the world today do not accept or welcome traders from the United States, amidst numerous other jurisdictions.

There are numerous reasons for this, but the most important reason for this is that these brokers are not permitted to offer the trade-in CFDs to US citizens. There are numerous stringent regulations that have been imposed by the US government.

This was done with the aim to regulate the financial markets and brokers who wish to offer their services and solutions to US citizens, will be required to register with the Commodity Futures Trading Commission, more commonly known as the CFTC, and the National Futures Association, or NFA.

There are, however, several brokers, both regulated and unregulated, who accept and accommodate US traders, offering them comprehensive trading solutions and services.

Here are our Top 10 Handpicked Forex Brokers that accept USA clients:

1. ✔️IG

2. ✔️FXGlory

3. ✔️ProsperityFX

4. ATC Brokers

5. Hugo’s Way

6. EagleFX

7. LonghornFX

8. AAFX Trading

9. TD Ameritrade

10. Interactive Brokers

Let’s get started with the full breakdown of the 17 Forex Brokers that accept USA clients.

IG

Overview

IG has been in operation for decades and it is one of the largest, oldest brokers in the trading industry, with offices in several locations around the globe including the United Kingdom, the United States, Singapore, Australia, Switzerland, UAE, and Japan.

IG is an award-winning broker as well as a world-leading provider of comprehensive trading solutions and services. Traders are offered with the trade in more than 16,000 financial instruments spread across several asset classes.

Pros and Cons

Features

FXGlory

Overview

FXGlory was established in 2011 and is a UAE-based Market Maker broker offering traders from around the world with comprehensive trading solutions and services. FXGlory grants traders the trade in a variety of forex and CFD instruments and the use of Metatrader 4 through which trades can be executed seamlessly.

Traders are also offered with a choice in fixed spread trading accounts, commission-free trading options, swift trade executions, high leverage, and 24/7 dedicated customer support.

Pros and Cons

Features

ProsperityFX

Overview

ProsperityFX was founded in 2024 and is a broker that is headquartered in Saint Vincent and the Grenadines. ProsperityFX offers traders from around the world with the trade in a variety of financial instruments including forex, cryptocurrencies, indices, energies, metals, and stocks.

With ProsperityFX, traders can expect competitive trading conditions which consist of tight and competitive spreads, low commissions which are charged on trades, and adequate leverage up to a maximum of 1:500.

Traders are also granted with access to a variety of live trading accounts, each tailormade to suit the unique trading needs and objectives of different traders.

Pros and Cons

Features

ATC Brokers

Overview

ATC Brokers is a reputable and popular ECN and STP broker which is based in the United Kingdom with respective authorisation through the FCA. In addition, ATC Brokers also has regulation and authorisation through NFA and CIMA in facilitating the trade of numerous forex and CFD financial instruments.

These instruments can be traded through the popular MetaTrader 4 and FIX API. ATC Brokers is a broker that has a unique goal and vision in mind, catering for both retail and institutional clients through competitive and comprehensive solutions.

ATC also offers traders with a scalable back office and the use of MetaTrader Pro, which includes additional features to the normal MetaTrader 4.

Traders can also expect modern, innovative technology which ensures that trade execution is at optimal speeds, spreads are tight and competitive, and the benefit that traders can use a multitude of trading strategies and styles, allowing traders access to a dynamic trading environment.

Pros and Cons

Features

Hugo’s Way

Overview

Hugo’s Way is a STP and ECN broker which is based in Saint Vincent and the Grenadines. Hugo’s Way offers traders from around the world with a variety of forex and CFD instruments which can be traded through a powerful and innovative trading platform namely MetaTrader 4.

Hugo’s Way offers traders with a variety of trading strategies that can be used including that of hedging and scalping. There is 24/7 dedicated customer support to assist traders with any queries or questions that they might have.

Traders have access to more than 150 financial instruments and Hugo’s Way’s liquidity pool consists of more than 50 reputable banks with spreads aggregated from them to offer traders some of the best, most competitive pricing possible.

Pros and Cons

Features

EagleFX

Overview

EagleFX is a Dominican-based ECN and STP broker which offers traders with access to global markets through the provision of 100 tradable financial instruments. Traders are also offered with 24/7 cryptocurrency trading in addition with competitive spreads, low commissions, and fast trade executions.

Traders can make use of the competitive trading conditions which are offered and the use of the popular MetaTrader 4 and a variety of trading tools offered to add a competitive edge to trades.

Pros and Cons

Features

LonghornFX

Overview

LonghornFX is a Saint Vincent and the Grenadines-based broker working according to an ECN and STP model to offer traders with fast trade executions in addition to some of the best pricing.

Traders have access to more than 150 tradable financial instruments spread across forex, commodities, stocks, indices, and cryptocurrencies. Traders are also offered with competitive trading conditions, tight spreads, low commissions, and the use of MetaTrader 4 through which trades can be executed seamlessly.

Traders are also offered with 24/7 customer support and the benefit that any trading styles are welcome and there are no restrictions on any jurisdictions.

Pros and Cons

Features

AAFX Trading

Overview

AAFX Trading is an ECN broker which is based in Saint Vincent and the Grenadines, offering traders from around the world with the trade in more than 250 instruments through either MetaTrader 4 or MetaTrader 5, ensuring that traders are provided with some of the best trading tools, charting capabilities, analytics, and more.

AAFX Trading also offers traders with zero-commission trading, spreads which start from 0.2 pips, maximum leverage up to 1:200, and competitive trading conditions.

Pros and Cons

Features

TD Ameritrade

Overview

TD Ameritrade was established in 1975 and is a US-based Market Maker and Exchange which is regulated and authorised by SFC, FINRA, and SEC. TD Ameritrade offers traders from around the world with a variety of trading opportunities and financial instruments that can be traded through an advanced, proprietary trading platform.

Provision is also made for a wide array of trading tools and market research, allowing traders to hone and refine their trading skills. Traders can also expect access to educational materials and award-winning customer service. There are also opportunities for margin lending and additional cash management services offered by TD Ameritrade.

There is also the benefit of zero deposit requirements and zero commission charged on trades. However, there are other fees which may apply when using TD Ameritrade.

Pros and Cons

Features

Interactive Brokers

Overview

Interactive Brokers has been in operation since 1978 and is a reputable and well-regulated Market Maker broker which is based in the United States. Interactive Brokers has strict regulation and authorisation through multiple entities including CFTC, NFA, IIROC, ASIC, FCA, and SFC in offering traders from around the world with comprehensive trading solutions.

Interactive Brokers is one of the largest and most trusted brokers in both the US and the trading industry. Traders are provided with countless trading and investing opportunities through a plethora of different accounts, sophisticated trading platforms, and some of the best trading conditions available.

There is also a range of educational resources offered to guide beginners through the basics of trading, market analysis and research tools and resources that can be used by traders to add an edge to their trading.

Traders are provided with ‘SmartRouting’ technology which searches for the best market prices, ensuring that the orders of traders are executed swiftly at the best possible prices.

Interactive Brokers is connected to more than 125 markets across 31 different countries, offering many opportunities for traders to partake in several markets.

Pros and Cons

Features

Nadex

Overview

Nadex is a United States-based Exchange which is regulated and authorised by the reputable CFTC. Nadex is the largest binary options exchange in the United States, offering traders with a variety of flexible trading opportunities in forex, commodities, and stock indices.

There are numerous traders from around the world who make use of Nadex’s comprehensive solutions and competitive trading conditions.

Pros and Cons

Features

CloseOption

Overview

CloseOption is an offshore broker that caters for traders from around the world by offering them with binary options trading services.

Traders are also offered with real-time pricing and a trading platform in addition to having access to trade more than 30 forex pairs. Traders are also offered with education resources and dedicated customer support which is available 24/5.

Pros and Cons

Features

JAFX

Overview

JAFX is a STP broker based in the Saint Vincent and the Grenadines that offers traders from around the world with a variety of financial instruments. These can be traded through the powerful and user-friendly MetaTrader 4 in addition to enjoying 24/7 cryptocurrency trading.

Pros and Cons

Features

Evolve Markets

Overview

Evolve Markets was established in 2016 and is a STP and ECN broker which is based in Saint Vincent and the Grenadines, offering traders from around the world with a variety of forex and CFD instruments.

These can be traded through the popular and powerful MetaTrader 4, MetaTrader 5, and the Evolve Markets proprietary trading platform. Traders also have access to 24/7 customer support and competitive trading conditions.

Pros and Cons

Features

Forex.com

Overview

Forex.com was founded in 2001 and boasts with more than 200,000 registered traders from around the world. Forex.com is a reputable, multi-regulated STP, ECN, and DMA broker based in the United States, United Kingdom, and Japan. Traders are offered with a secure trading environment and reassurance that Forex.com is regulated by reputable entities.

These include ASIC, CFTC, FCA, FSA, IIROC, JFSA, and NFA. Traders have access to more than 300 financial instruments spread across cryptocurrency, indices, forex, shares, commodities, and equities.

For the past two decades Forex.com has grown to become a popular broker and its longevity reassures traders that they are dealing with a well-established broker.

As one of the leading online trading brokers in the world, Forex.com has a proven record of accomplishment which reflects consistent exceptional trading conditions provided to retail traders.

Forex.com is also the only broker in the US that has obtained an Execution Scorecard which shows the high quality of trade execution offered by Forex.com.

Pros and Cons

Features

Oanda

Overview

Oanda has been in operation since 1996 and is a reputable and well-established Market Maker broker headquartered in the United States. Oanda has strict regulation and authorisation through CFTC and NFA to cater especially for US citizens while regulation through IIROC, FCA, MAS, ASIC, and FFAJ enables it to provide its services to traders in other jurisdictions around the world.

Oanda was founded by two professionals who aimed to change the way in which the world interacts with currencies. Oanda has established offices in locations around the world and there is a dedicated team of experts who provide traders with updated news, analysis, and commentaries.

Oanda has obtained more than 50 industry awards since its inception and it asserts that it is the only execution venue for the orders of traders. Oanda does not have an order book and thus these orders cannot provide or take liquidity. All orders are also executed at the best possible rates and at the fastest speeds.

Pros and Cons

Features

LQDFX

Overview

LQDFX was established in 2015 and is a Marshall Islands-based broker that offers traders from around the world with a variety of tradable forex and CFD instruments. LQFX was established with the aim of providing traders with comprehensive trading solutions and services that reflect quality, honesty, and commitment.

The pricing and execution offered by LQDFX is provided by top-tier banks which form part of its extensive list of liquidity providers. In addition, LQDFX uses a price aggregator which matches the orders of traders with the best possible price executions.

Pros and Cons

Features

FAQ’s

What is forex trading?

Forex trading involves the exchange of currencies on the forex market.

Why do most brokers not offer services to US traders?

Due to strict regulations which are in place with regards to international brokers offering their services to US citizens.

Can beginners trade in forex?

Yes. Anyone can start trading in forex.

Do these forex brokers offer demo accounts?

Most of these forex brokers offer demo accounts to forex traders.

Is forex trading legal in the US?

Yes. Forex trading is legal in the US.