3 Best US Forex Brokers

FX traders frequently engage in forex (currency) trading in the US. Any forex broker must register as a retail foreign exchange dealer (RFED) with the financial watchdog, the Commodity Futures Trading Commission, and be subject to NFA regulation as a Futures Commission Merchant before they may accept US forex traders as clients (FCM).

We compiled a list of all CFTC-registered US forex brokers and ranked them according to their overall ranking in order to identify the top forex brokers in the USA.

IG

IG provides the most comprehensive trading package available, including superior trading and research tools, education that is at the top of its field, and a wide variety of markets that can be traded.

IG is a well-known multi-asset broker that is publicly traded and subject to international regulation. We rank IG as the top broker in 2023 due to its outstanding experience.

Commission and Fees

Due to its size, IG can offer scalable execution across the board, independent of the traded products. IG excels for the active trader pricing offered through its Forex Direct accounts and its capacity to execute sizable orders, even if it cannot be categorised as a bargain broker. In 2021, spreads on its main account offering were generally closer to the industry average, averaging 0.828.

Interactive Broker

Interactive Brokers is a well-known multi-asset broker with a wide selection of tradeable international markets. Along with a cutting-edge, institutional-grade trading platform suite, it offers low pricing, top-notch research, and education. 

Professional traders will appreciate its extensive order type setups and advanced trading tools, but beginners may find these capabilities overwhelming as MetaTrader is not an alternative platform option.

Commission and Fees

With a wide selection of tradeable international marketplaces, Interactive Brokers is a well-respected multi-asset broker. In addition to a cutting-edge, institutional-grade trading platform suite, it offers affordable pricing, excellent research, and high-quality education.

Although these features may be intimidating for novices, professional traders will appreciate its extensive order-type setups and advanced trading tools. MetaTrader is not an alternative platform option.

Quotex 

The 2019-founded binary options broker Quotex provides market signals on its custom web platform. How to start trading with Quotex is covered in our 2023 review, along with information on introductory bonuses, deposit and withdrawal costs, and customer service. Find out if you ought to register and begin investing right away. Quotex reviews showed an amazing performance last year.

Commission and Fees

The profit margin for each instrument is determined by Quotex and varies according to things like the asset's liquidity, the time of deal execution, and economic developments. 98% is the maximum payout.

A client who invested $1,000 and accurately forecasted the price change during the selected time period would receive $1,820 in that trade since the EUR/USD currency pair was offered at 82% at the time of writing. They would have forfeited their $1,000 bet if they had been wrong. 

Quotex doesn't impose commission fees on trades. $1 is the minimum trade size.