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Best forex brokers in the United States
4 licensed forex brokers, ranked on the company that would actually open your account. How we rate
All 4 forex brokers
| # | Broker | EUR/USD cost | Instruments | Min. deposit | Coinish Score | Actions |
|---|---|---|---|---|---|---|
| 1 | | 0.6 pips | 1,700+ | $0 | 72rated 3.5/5 | |
| 2 | Licensed in the United States · CFTC / NFA | 0.7 pips | 2,000+ | Not verified | 71rated 4.1/5 | |
| 3 |  Licensed in the United States · SEC / FINRA | 0.6 pips | Not verified | $0 | 67rated 3.7/5 | |
| 4 |  Licensed in the United States · CFTC / NFA | 0.6 pips | 85+ | $0 | 47rated 3.2/5 |
Good to know
Forex rules in the United States
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
Forex in the United States at a glance
- 4 forex brokers with a verified licence serve residents of the United States: 4 hold a local licence (CFTC / NFA and SEC / FINRA).
- Top pick by Coinish Score: OANDA (72/100, Editor Rating 3.5/5).
- Lowest advertised EUR/USD all-in cost: 0.6 pips (OANDA), across 4 brokers that publish one.
- No minimum deposit: OANDA, Interactive Brokers and tastyfx.
How this ranking works
Ranked by Coinish Score: half the Editor Rating for the entity that serves residents of the United States, half Market Signal. Brokers without enough verified data for a rating are placed by Market Signal and labelled; brokers with neither are listed last. How we rate
Forex in the United States: what to know
Of the 4 forex brokers on this list, 3 hold a licence from the Commodity Futures Trading Commission / National Futures Association (CFTC / NFA) (OANDA, FOREX.com and tastyfx) and 1 holds a licence from the Securities and Exchange Commission / Financial Industry Regulatory Authority (SEC / FINRA) (Interactive Brokers).
Advertised all-in EUR/USD costs on this list run from 0.6 pips (OANDA) to 0.7 pips (FOREX.com) across the 4 that publish one.
What to check before you open an account in United States
- Search the company name on the CFTC / NFA and SEC / FINRA registers (nfa.futures.org and brokercheck.finra.org).
- Check which company your contract is with. OANDA, for example, onboards residents of the United States through OANDA Corporation (CFTC / NFA, NFA 0325821), and the name on the account-opening documents should match the list.
Is forex trading legal in the United States?
Yes, with a licensed provider. 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.
Sources: nfa.futures.org, nfa.futures.org
What is the best forex broker in the United States?
By Coinish Score, OANDA (72/100, Editor Rating 3.5/5), through OANDA Corporation (CFTC / NFA, NFA 0325821). FOREX.com (71) and Interactive Brokers (67) follow. The score rates the company that would serve you in the United States, so the same brand can rank differently in another country.
Coinish provides general information only. Nothing on this site is investment, tax or legal advice.