Brokers

Best US Forex Brokers


It is indisputable that the USA 🇺🇸 concentrates one of the largest numbers of traders in the world, including in the forex market. In this financial environment, forex trading has become more popular each time among Americans.

So, if you are a US citizen or a foreign, looking for the top forex brokers licensed in the USA, this reading is for you!

🔬 As a result of extensive and impartial research, we will list here the best forex brokers in the US in 2020, taking into account a variety of aspects such as regulation, pricing, technology, liquidity, leverage, and the quality of the services. 

US forex brokers regulation 🗽

To accept traders from the US, forex brokers need to be authorized and licensed as a Retail Foreign Exchange Dealer (RFED) by the following financial regulatory bodies:

  • The Commodity Futures Trading Commission (CFTC).
  • The National Futures Association (NFA).
  • Futures Commission Merchant (FCM).

To list the best forex brokers for the American market, we seek to select brokers that are also authorized by other tier-1 regulators.

Find out now which are the best Forex brokers in the USA:

  • Oanda: excellent price plan and great support 🏆
  • IG: excellent offering and web platform
  • TD Ameritrade: the US only and great trading platform
  • Forex.com: excellent price plan and platform
  • Interactive Brokers: multi-asset broker and competitive fees

Oanda

best forex brokers

Oanda is an American brokerage founded in 1996, it is a firm considered a secure and one of the best forex brokers in the US. It is regulated by Tier-1 authorities such as the Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA). Oanda is not a publicly-traded company and does not operate a bank.

There are two types of accounts offered by Oanda: core account and premium account. Both accounts allow trading of 70 forex pairs. The core account is charged in commissions and spread, while Premium Account is charged only on the spread.

The minimum spread on the Core account is 0.1 pips and against 0.6 pips on the Premium account. OANDA has an average of 1.2 pips for forex pairs such as EUR/USD.

Oanda keeps clients’ funds in top-tier bank accounts and has a policy that resides in withdrawing client funds solely as a direct result of its activities related to trading or through withdrawal requests.

👏 A particularity of OANDA is related to the contract size or minimum position sizes. Generally, a micro-lot is the smallest contract size for forex trading. However, OANDA offers the option to negotiate contracts of size 0.001  micro-lote. It means that you can trade forex from just $1.

The main trading platform offered by Oanda’s fxTrade. It is a web-based platform that provides technical analysis tools, trade performance analytics, and enables the customization of layouts. Oanda also offers the MT4 platform to its customers.

If you prefer, you can automatically trade with the AI trading system through Oanda from $1! Just like FXCM, you just need to link your Oanda account with Wiseinvest and the AI will automatically trade for you. That way, you don’t have to worry if you don’t have time to monitor the forex market! It is hands-free, efficient, safe, and time-saving.

You can also trade manually with the AI forex signals at your own pace. In this case, just copy each forex signal and paste it into the trading room.

Open a forex trading account with broker Oanda and start trading from just $1 clicking here.

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IG

best forex brokers

With more than 239,000 customers worldwide, IG was founded in 1974. It is considered one of the safest forex brokers, being regulated by the Australian Securities & Investment Commission (ASIC) and five other Tier-1 regulators.

Thus, traders’ investments are kept in segregated bank accounts, in regulated banks, and cannot be mixed with IG’s own money.

IG offers two types of accounts, the standard and the other for professionals with a higher volume of trades. Both accounts have different fees and commissions.

For example, the average spread for the EUR/USD pair is 0.86 pips (minimum at 0.6 pips) and the margin required for the standard account is 0.50%, while for the trading account it is 0.40%.

To open a standard account, you will need to deposit at least £250. To deposit funds into your account, you can use, at no additional cost, debit card of Visa and MasterCard flags; credit card (1%charge for Visa and 0.5% charge for MasterCard); PayPal (1% charge), and BPAY.

In a possible liquidation situation of the broker, all deposits are legally protected under the conditions of fiduciary money, since clients funds are held in regulated trust accounts.

The main IG trading platform is web-based. It is customizable, the graphics contain advanced features and allow the insertion of alerts for indicators. Also, MT4 platforms, a platform of their own, L2  Dealer, ProRealTime, and APIs are offered. IG also has a mobile app for you to invest anywhere.

You can use the AI forex signals in the IG accounts. The signals are sent by email and Telegram, being necessary only to copy and paste into the broker’s account.

Open a trading account with the forex broker IG clicking here.

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TD Ameritrade

A publicly-traded broker, TD Ameritrade is a brokerage founded in 1975. It is regulated by five tier-1 regulators:

  • The Financial Conduct Authority (FCA).
  • Investment Industry Regulatory Organization of Canada (IIROC).
  • Securities Futures Commission (SFC).
  • Monetary Authority of Singapore (MAS).
  • The Commodity Futures Trading Commission (CFTC). 

It has several security procedures for customer accounts, including The Asset Protection Guarantee to protect customer assets in the event of unauthorized activity.

You can check its security procedures here.

The standard account of TD Ameritrade has an average spread of 1.065 pips for a pair like EUR/USD. You can trade 75 currency pairs. There is no minimum initial deposit amount when opening a TD Ameritrade account.

Funds can be deposited into your account by Electronic Bank Deposit (ACH), Wire Transfer, and Check.

TD Ameritrade’s trading platform is thinkorswim, which is available in desktop, web, and mobile versions. The platform includes several indicators and investment strategies and it is fully customizable, and downloadable software.

You can invest using Wiseinvest AI forex signals on TD Ameritrade. The signals are sent by e-mail and Telegram, requiring only to copy and paste into the brokerage account.

Open a trading account with the forex broker TD Ameritrade clicking here.

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FOREX.com

Part of GAIN Capital Holdings, FOREX.com is a global market leader founded in 2001. It is licensed by four tier-1 regulators:

  • The Commodity Futures Trading Commission (CFTC).
  • Investment Industry Regulatory Organization of Canada (IIROC).
  • Japanese Financial Services Authority (JFSA).
  • Financial Conduct Authority (FCA). 

It is considered a safe company as all customer deposits are kept separate from its operating funds and distributed across a global network of custodian banks.

Clients’ money is held with top-tier banks and FOREX.com has trust letters in place to ensure the money remains segregated from the assets of the bank.

With two types of account, Standard and Commission, FOREX.com offer the option of choosing a pricing model that best suits your trading style. The Standard account has an average spread of 1.4 pips for the EUR / USD pair. The Commission account is ideal for traders looking for the flexibility of trading significant reductions on spreads and has $5 commission per 100K traded.

The minimum initial deposit when opening a FOREX.com account is $100.00. The deposit methods are credit card, debit card, or wire transfer.

You can check the minimum and maximum per transaction clicking here.

FOREX.com’s desktop platform, Advanced Trading Platform, is available on desktop, web, and mobile. It offers professional analytics tools, integrated trading strategies, and advanced charting features. The broker also offers MetaTrader 4 and MetaTrader 5.

You can use Wiseinvest AI forex signals on FOREX.com. The signals are sent by e-mail and Telegram, requiring only to copy and paste into the brokerage account.

Open a forex trading account with broker Forex.com clicking here.

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Interactive Brokers

Founded in 1977, Interactive Brokers is regulated by the following tier-1 regulators:

  • The Commodity Futures Trading Commission (CFTC).
  • Investment Industry Regulatory Organization of Canada (IIROC).
  • Securities Futures Commission (SFC).
  • Japanese Financial Services Authority (JFSA).
  • Financial Conduct Authority (FCA).
  • The Monetary Authority of Singapore (MAS). 

Interactive Brokers (IBKR) offer low commissions for forex trading and these commissions get lower based on volume, which is an excellent option for high volume traders. The broker doesn’t publish the average spreads of forex currency pairs, but you can check real-time quotes on their website.

The broker does not have a minimum initial deposit. To deposit funds into your account, IBKR offers the following options: Wire transfer, check (all checks, including retirement checks), and online bill payment check.

Trader Workstation is the IBKR’s trading platform. It is a desktop platform and includes all of the most advanced algorithms and trading tools.

Also offers a library of tool- and asset-based trading layouts for total customization. Interactive Brokers also has a mobile app and does not offer MetaTrader.

You can use the AI forex signals in the Interactive Brokers accounts. The signals are sent by email and Telegram, being necessary only to copy and paste into the broker’s account.

Open a trading account with the forex broker Interactive Broker clicking here.

The best way to trade forex in the US

Whether you are an American or a foreign investor, you can trade forex with our Automated AI trading. Check out the 3 steps to trade automated with our AI.

automated trading with ai bot

By trading forex automated with AI, you will save time and improve your performance without monitoring the market and managing trading platforms.

With Automated AI trading you do not need MT4 / MT5 and other trading platforms to invest in forex. All forex trades are automatically placed into your broker account every time that our AI system identifies a new worthy trading opportunity. You can monitor the AI trading performance in real-time directly on our dashboard.

Automated AI trading benefits ✅

  • Setup in 3 minutes.
  • Totally hands-off, from anywhere.
  • Invest from just $1.
  • Integrated with the forex best brokers.
  • APY of 40% over the past 13 years*.
  • Lightning-fast execution & no slippage.
  • No commissions, no management fees.
  • Portfolio with 40 different automatic strategies.
  • No MT4/MT5 or other platforms required.
  • Test with a risk-free practice account.
  • Trading results directly on our dashboard.
  • Trading alerts in the broker account by email and Telegram.

Don’t you have a broker account yet? Our AI is integrated to trade automated with the broker Oanda. Click here to open with Oanda, which is one of the best forex brokers in the world.

What is the AI performance in forex trading?

The Win Rate of our AI trades as shown by the period and can reach up to 95%. The AI performance relies upon the capable wild estimation metric, which infers that our model is valuable at whatever point the Win Rate is more noticeable than 60%. All methods of our AI trading system search for stable returns and sufficient results to achieve an ordinary return of 40% consistently (APY), without the usage of high impacts.

We appreciate that what is significant in forex trading is the definitive result. Thusly, the money related master needs to consider that Win Rate isn’t commonly the best estimation to measure execution in forex, as other signals providers uncover.

💡 For instance, out of 100 trades, solitary 1 trade may be an adequate disaster to make the 99 trades not gainful. For this circumstance, the Win Rate would be 99%, yet the convincing result would be unfeasible (negative).

We center around the arrival of 40% of APY and not simply on Win Rate.

It is essential to see that forex brokers may charge spreads, commissions, and overnight costs in your trading account, and these components can impact the AI execution. You can check our forex trading history to see more about AI trading execution clicking here.

How much do I need to trade forex with AI?

You can start in forex trading with free AI forex signals or automated AI trading and make a store from just $1 in the forex brokers. It is moreover possible to test using a risk-free practice account with our AI trading system.

Can I disable the AI to trade? 

Yes, you can inactivate or reactivate our automated trading directly on our dashboard at any time. When the AI trading is inactive, it will stop placing new orders in your broker account and will just send you signals to be manually copied. To protect your margin account, we strongly advise you never to double our trades or trade with other forex signals providers in the same account. The margin in your broker account is considered by our AI when placing new orders. In case of a low margin available, our AI will not place a new trade until it gets safe enough.

Do I need to use MT4/MT5 or other trading platforms?

With Automated AI trading you do not need MT4 / MT5 and other trading platforms to invest in forex. All forex trades are automatically placed into your broker account every time that our AI system identifies a new worthy trading opportunity. You can monitor the AI trading performance in real-time directly on our dashboard.

Is AI trading suitable for me?

Wiseinvest automated AI trading is a solution designed to help traders of experience levels invest in forex. Whether you are a beginner or a professional forex trader, our AI can automatically trade for you. It will help you save time and improve your trading performance while running your personal activities.

What reasons may disconnect AI trading?

These are the reasons by which our automated AI trading system might be disconnected or not placing orders in your broker account:

  • The AI is analyzing the market and has not identified a good entry yet.
  • You may have manually disabled the AI or changed your brokerage account information.
  • There may be a break in connection with the brokers’ servers. If the connection is lost, authorize our AI again.
  • If the balance at the brokerage is insufficient, our AI will not be able to invest.

How about trading with forex signals?

If you do not have an AI trading subscription, you can use our AI forex signals to trade on FXCM. Wiseinvest provides free forex signals emitted by Artificial Intelligence. You can get started free here and use the signals to trade now.

Is FXCM regulated in the US?

FXCM is a multi regulated forex broker and they work in a great variety of countries. However, when considering to use FXCM as a forex broker, it is important to check if they provide forex trading accounts for your country. Not all countries are accepted by the forex broker FXCM, including in the US. You can check it directly on their website clicking here.

Besides the analysis of the best forex brokers in the US, you can also check the best forex brokers for other regions clicking here.

How long should I hold my investments?

The great famous investor Warren Buffett says if you don’t feel comfortable owning a stock for 10 years, you shouldn’t own it for 10 minutes. Even during the period he called the “Financial Pearl Harbor,” Buffett loyally held on to the bulk of his portfolio. This reinforces the importance of being patient when using our AI trading solution. 😉

Takeaways 🎓

  • Due to a wide variety of existing Forex brokers, starting to trade Forex has become increasingly affordable.
  • The best forex brokers in the US are Oanda, IG, TD Ameritrade, Forex.com and Interactive Brokers.
  • Wiseinvest provides the best AI trading solutions for forex. You can trade automated from just $1 in the forex broker Oanda with AI trading or manually with AI forex signals in the forex broker of your choice.
  • You can invest in forex with automated AI trading or AI forex signals for free.

Disclaimer: Forex and Contracts for Difference (CFDs) are complex instruments and come with a high risk of losing money due to leverage. Forex trading is not suitable for everyone. You should consider whether you understand how forex and CFDs work and whether you can afford to take the high risk of losing your money.

The forex brokerages displayed shall disclaim the overall performance of traders in their platforms. Oanda warns that 76.8% of retail forex traders lose money trading CFDs. XTB warns that 80% of retail forex traders lose money trading CFDs. FXCM warns that 74.74% of retail forex traders lose money trading CFDs.

The performances aforementioned are not related to Wiseinvest AI forex trading and AI forex signals system. You can check the performance of our AI forex system on our dashboard.