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Top 5 Forex Brokers that Accept USA Traders

Forex trading has long been a popular investment approach in the United States, allowing traders to speculate on global currency price fluctuations and profit from market volatility.

USA traders will need to find a broker that is regulated with the CFTCA, and which provides competitive pricing and extensive features in order to gain the edge in their Forex trading.

Below is a useful list of the 5 best Forex brokers that are able to accept USA traders and offer them some of the best trading conditions in the industry, according to ForexRecommend.

ATC Brokers

Overview

ATC Brokers offers the MT4 trading platform and a wide range of currency pairs and CFDs to its customers.

The MT4 Pro plugin developed by ATC Broker sets it apart from other MT4 service providers, as does the quality of its customer support.

Pros and Cons

Pros

Cons

MT4 Pro provides advanced trading features

No Islamic Accounts available

Tight spreads available

Features

Feature

Information

Regulation

CFTC, NFA

Minimum deposit from

$2000

Average spread from

0.03

Commissions from

$10 per standard contract

Deposit/Withdrawal Fees

Yes

Maximum Leverage

1:50

Bonuses

None currently

Customer Support

24/5

TD Ameritrade

Overview

With TD Ameritrade, there are no commissions, the educational content is excellent, and the broker provides a user-friendly mobile app that can meet the needs of both a newbie investor and an experienced day trader who wants to open positions in a variety of asset classes.

Pros and Cons

Pros

Cons

Comprehensive selection of trading instruments

Long withdrawal times

Wide variety of trading platforms

Features

Feature

Information

Regulation

SEC, FINRA, CFTC, NFA

Minimum deposit from

None

Average spread from

1.2 pips

Commissions from

$0.65 per contract for options

Deposit/Withdrawal Fees

Yes

Maximum Leverage

15% margin

Bonuses

None currently

Customer Support

24/5

Forex.com

Overview

A user-friendly and adaptive trading platform is available to novice traders in the United States at Forex.com.

Sign-up bonuses of up to 20% of a new trader’s initial deposit are available, with a maximum incentive of $5000.

Pros and Cons

Pros

Low trading fees

Free deposit and withdrawal

Cons

High stock CFDs

Features

Feature

Information

Regulation

KNF, FCA, CySEC, IFSC, CFTC, NFA

Minimum deposit from

$100

Average spread from

1 pip on commission-free accounts/0.1 pip on STP accounts

Commissions from

0.08% of trade value with $8 minimum

Deposit/Withdrawal Fees

$30 on withdrawals of less than $50

Maximum Leverage

1:50

Bonuses

20% deposit bonus

IG

Overview

IG is a global leader in online trading, and it is now widely regarded as the world’s leading CFD provider, thanks to its broad product catalogue, competitive fees, lengthy history of company operations, and stellar reputation in the financial industry.

Pros and Cons

Pros

Excellent customer support

Advanced suite of technical indicators

Secure and well-regulated trading environment

Cons

Demo account is only available to use for 30 days

Features

Feature

Information

Regulation

FCA, FSCA, CFTC, NFA

Minimum deposit from

No minimum deposit

Average spread from

0.8 pips

Commissions from

£3.00 – £8.00 per trade for all types of assets

Deposit/Withdrawal Fees

None

Maximum Leverage

1:50

Bonuses

None offered

Customer Support

24/6

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Oanda

Overview

For many years, investors have recognized and trusted OANDA as a reputable name in the financial services business. In addition, it has an excellent regulatory record and supports third-party technologies, which adds value to its total service.

Pros and Cons

Pros

User-friendly trading platform

Low minimum deposit

Low trading fees

Cons

High withdrawal fees

Features

Feature

Information

Regulation

FCA, NFA, CFTC

Minimum deposit from

None

Average spread from

1.6 pips

Commissions from

$0.01 USD per trade

Deposit/Withdrawal Fees

$1000 Sign Up Bonus

Maximum Leverage

1:50

Bonuses

Various promotions

Customer Support

24/5

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Written by How Africa

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