Best Forex Brokers in the US (2025): Safe, Low-Cost, and Reliable Options

Introduction

If you’re looking for a reliable Forex broker in the US, your options may seem limited compared to traders abroad. But here’s the good news: you don’t have to settle for high fees, poor platforms, or risky offshore brokers.

Our research team at FXEmpire has tested over 80 Forex brokers worldwide using a proven evaluation process. In this guide, we’ll highlight the top three US-regulated Forex brokers that deliver safety, low trading costs, and excellent platforms.

Why Regulation Matters in the US

When trading Forex in the United States, safety comes first. Only brokers regulated by the CFTC (Commodity Futures Trading Commission) and registered with the NFA (National Futures Association) are legally allowed to operate.

Why this matters:

  • Brokers must hold at least $20 million in net capital, ensuring financial stability.
  • They undergo regular audits to prevent misuse of client funds.
  • Traders are protected from the risks of shady offshore brokers.

👉 Always check that your broker is CFTC-regulated and an NFA member before depositing money.

What We Looked For

To rank the best brokers, we tested and compared:

  • Trading fees and spreads – how much it really costs to trade.
  • Currency pair selection – from majors to exotics.
  • Platforms and tools – charting, order types, alerts, and automation.
  • Extra features – such as rebates, research tools, and customer support.

Top 3 Forex Brokers in the US

1. TastyFX (Best Overall for Active Traders)

  • Background: Part of the IG Group, listed on the London Stock Exchange, operating since 1974.
  • Assets: 80+ Forex pairs, including majors and exotics.
  • Spreads: Competitive, averaging 0.8 pips on EUR/USD with no commission.
  • Leverage: Up to 50:1 on major pairs.
  • Platform: Proprietary platform with advanced charting, real-time sentiment from 300,000 traders, and Thomson Reuters news integration. Supports MT4 and ProRealTime for automated trading.
  • Best for: High-volume traders (cash rebates up to 15%) and swing traders (low swap fees).
  • Downside: $115 fee for bank wire withdrawals.

2. Plus500 (Best for Futures Trading)

  • Background: Global fintech company, listed on the London Stock Exchange since 2008.
  • Assets: Forex futures, commodities, indices, interest rates, and crypto contracts.
  • Platform: Sleek web and mobile apps with watchlists, chart trading, and live chat support.
  • Advantages:
    • Trade Forex Futures with as little as $100.
    • No $25,000 minimum like day-trading stocks.
    • Competitive commission — only $0.89 per standard contract.
    • Free unlimited demo account.
  • Best for: Beginners and US traders looking for low-barrier Futures trading.
  • Downside: No automated trading or backtesting.

3. OANDA (Best for Tools & Analysis)

  • Background: Founded in 1996, licensed globally, sponsor of the New York Red Bulls.
  • Assets: 68 currency pairs + 8 cryptocurrencies.
  • Spreads: Averaged 1.4 pips on EUR/USD (better with Elite Trader account).
  • Platforms: OANDA Web + Mobile, MT4, and TradingView integration.
  • Unique Tools:
    • Position Ratios – real-time insights into client trading activity.
    • Order Book – transparency on global open positions.
    • Heat Map – highlights major market movers.
    • MarketPulse & Autochartist – high-quality research and trade signals.
  • Best for: Traders who rely on advanced analysis.
  • Downside: $10 monthly inactivity fee after 12 months.

Conclusion

Choosing the right Forex broker in the US means balancing safety, low costs, and trading features.

  • Pick TastyFX if you’re an active trader seeking tight spreads and rebates.
  • Choose Plus500 if you want to start small and explore Forex Futures.
  • Go with OANDA if you value research tools and platform variety.

Always start with a demo account to test the platform before trading live.

Back to top button