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Online trading platforms in the United States

Who can legally serve United States residents, and how they rank. Rankings use the licensed entity each broker would open your account with. Local regulators: SEC / FINRA, CFTC / NFA, NYDFS.

  1. 1OANDA logoOANDA3.5/5
  2. 2FOREX.com logoFOREX.com4.1/5
  3. 3Interactive Brokers logoInteractive Brokers3.7/5

CFD brokers

Not available to retail clients in the United States. See the rule below.

Stock brokers & investing apps

Full ranking (9) →
  1. 1Robinhood logoRobinhood4.0/5
  2. 2moomoo logomoomoo3.9/5
  3. 3Webull logoWebull4.5/5

Crypto exchanges

Full ranking (6) →
  1. 1Coinbase logoCoinbase4.1/5
  2. 2Robinhood logoRobinhood3.4/5
  3. 3eToro logoeToro3.5/5

Rules in the United States

Quoted from the regulators. Coinish only links to providers whose entity is allowed to serve United States residents.

Forex

Local licence required

Retail forex counterparties must be registered with the CFTC as a retail foreign exchange dealer (RFED) or futures commission merchant and be NFA members. Offshore, unregistered forex dealers are not an option Coinish lists for US residents.

Regulator sources (3)
  • “Registration is required for RFEDs unless the individual or organization is exempt from registration as an RFED”

    nfa.futures.org · Oct 5, 2026

  • “All registered RFEDs must be NFA Members”

    nfa.futures.org · Oct 5, 2026

  • “the CFTC has seen an increase in fraud complaints from customers who deposited large sums with unregistered offshore forex dealers”

    cftc.gov · Oct 5, 2026

CFDs

Not available to retail clients

Dodd-Frank restricts security-based swaps for retail investors, and the SEC has acted against firms offering them to US retail clients. Coinish lists no CFD providers for US residents.

Regulator sources (2)
  • “The Dodd-Frank Act implemented two key requirements for any security-based swaps offering to a retail investor who doesn't meet the high standard of an "eligible contract participant"”

    sec.gov · Aug 11, 2026

  • “enforcement action against a company that illegally offered complex derivatives products to retail investors”

    sec.gov · Aug 11, 2026

Stocks & ETFs

Local licence required

Stock brokers serving US residents must be SEC-registered broker-dealers (and FINRA members).

Regulator sources (1)
  • “Section 15(a)(1) of the Act generally makes it unlawful for any broker or dealer to use the mails”

    sec.gov · Oct 5, 2026

Crypto

Allowed with restrictions

Crypto exchanges serving US residents must register with FinCEN as money services businesses and hold state money-transmitter licences; New York additionally requires a BitLicense (or a New York trust charter). Availability can differ by state.

Regulator sources (2)
  • “an administrator or exchanger is an MSB under FinCEN's regulations, specifically, a money transmitter, unless a limitation to or exemption from the definition applies to the person”

    fincen.gov · Oct 6, 2026

  • “To conduct virtual currency business activity in New York State, entities can either apply for a BitLicense or for a charter under the New York Banking Law”

    dfs.ny.gov · Aug 15, 2026