Our comparison table of US FOREX brokers covers the key account features. These include tight pricing, financial security, regulation, range of markets, added value, and reviews. Forex trading carries a high level of risk and losses can exceed your deposits. Featured brokers appear first.
Forex Broker | Account Types | Forex Platforms | Standard Forex Costs | More Info |
---|---|---|---|---|
Spot Forex: ✔️ Futures: ❌ Options: ✔️ ETFs: ❌ | Proprietary: ✔️ MT4: ✔️ STP: ✔️ NinjaTrader: ❌ | EURUSD: 0.6 pips GBPUSD: 0.9 pips USDJPY: 0.7 pips EURGBP: 0.9 pips AUDUSD: 0.6 pips Overnight Financing: 0.0022% | See Offer | |
![]() ![]() ![]() | Spot Forex: ✔️ Futures: ❌ Options: ❌ ETFs: ❌ | Proprietary: ✔️ MT4: ✔️ STP: ✔️ NinjaTrader: ✔️ | EURUSD: 1 pips GBPUSD: 1.2 pips USDJPY: 1 pips EURGBP: 1 pips AUDUSD: 1.2 pips | See Offer |
![]() ![]() ![]() | Spot Forex: ✔️ Futures: ✔️ Options: ✔️ ETFs: ✔️ | Proprietary: ✔️ MT4: ❌ STP: ✔️ NinjaTrader: ❌ | EURUSD: 0.20 basis points GBPUSD: 0.20 basis points USDJPY: 0.20 basis points EURGBP: 0.20 basis points AUDUSD: 0.20 basis points Overnight Financing: 0.000043% | See Reviews |
![]() ![]() ![]() | Spot Forex: ✔️ Futures: ❌ Options: ❌ ETFs: ❌ | Proprietary: ✔️ MT4: ❌ STP: ✔️ NinjaTrader: ❌ | EURUSD: 1.3 pips GBPUSD: 1.6 pips USDJPY: 1.4 pips EURGBP: 1.4 pips AUDUSD: 1.3 pips Overnight Financing: -1.16% | See Reviews |
US Forex Brokers FAQ:
Forex brokers make money from forex traders in three ways.
- Fees: This can either be the difference between the buy and sell price they offer their clients or commission on trade.
- Overnight financing: This is the amount forex brokers charge clients for holding positions overnight
- Unhedged positions: This is where a forex broker will not hedge a client trade in the underlying market
You can compare forex spreads and commissions that forex brokers charge in our US forex broker comparison table or click the button to view the specifics on the individual forex broker's website. If you have a large forex trading account you should be able to negotiate lower fees.
The majority of forex brokers will offer (MT4 MetaTrader 4) as a trading platform alongside their own in-house developed platform or other third-party trading platforms.
If you are based in the US you need the following to start forex trading:
- An account with a forex broker that accepts US clients (see the comparison table on this page)
- Funds to trade with (forex trading is very high risk so only trade with money you can afford to lose)
- An understanding of what moves currency prices (everything from economic indicators to political events move forex prices)
About The Author
Richard founded the Good Money Guide (previously Good Broker Guide) in 2015 and has been a broker for 20 years most recently at Investors Intelligence and previously a multi-asset derivatives broker at MF Global (Man Financial). Richard started his career working as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson) after interning on the NYMEX oil trading floor in New York and London IPE in 2001 & 2000.