The USA Markets: A Guide to the Best Forex Brokers in the USA

There should be no shortage of Forex brokers in the United States, given that the economy is the largest in the world and Forex is the most active financial market.

However, because of factors like trading expenses and regulation, picking the best FX broker is not as easy as you might think.

Here, you’ll learn about the top 5 Forex brokers in the United States and why you should read about the best USA forex broker below.

1. eToro

Overview

eToro is a leading international broker that caters to customers in the United States by providing them with a variety of options, making it one of the best USA forex brokers.

The broker’s social trading platform is the largest of its kind, allowing clients to learn from the actions of successful investors and replicate those actions with minimal effort on their part.

Several reputable regulatory bodies, including those in the United Kingdom (UK), Cyprus, and Australia, have issued licences to eToro. The SEC and FINRA are the bodies responsible for overseeing the broker in the United States.

2. IG

Overview

Since its inception in 1974, IG Markets has been one of the best USA forex brokers, spending much in the creation of innovative technologies and services tailored to the needs of professional traders. Professionals can use unlimited leverage with IG, and the margin requirement is only 10%.

CFDs, stocks, indices, and forex currency pairs are just some of the trading instruments available through IG Markets.

3. Oanda

Overview

With more than 19 years in the industry, OANDA is a trusted forex broker. Oanda has a U.S. registration. In practically every country, Oanda offers a wide variety of financial services to its customers.

In the United States and Japan, OANDA clients can trade in a wide variety of financial products, including Forex and CFDs (contracts for difference).

The advanced charting packages offered by OANDA, which are powered by TradingView, feature a wide variety of cutting-edge indicators and drawing tools, and offer great execution making Oanda a market maker.

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4. Interactive Brokers

Overview

Since 1977, Interactive Brokers has been one of the most trusted names in the U.S. financial industry. The company takes a holistic approach to its operations, offering a full suite of services to its customers from the moment they sign up to the moment they cash out their earnings.

With over 300 equities, metals, and commodity assets supported by Interactive Brokers, traders have the opportunity to put a wide range of methods to use. Modern trading platforms for desktop computers and mobile devices are yet another perk.

5. TD Ameritrade

Overview

TD Ameritrade’s Thinkorswim has been around for more than 40 years. In the United States, it is overseen by the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA), and the Commodity Futures Trading Commission (CFTC).

This brokerage firm has made it a priority from day one to offer its clients the best possible terms.

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