Best United States Forex Brokers

Written by BrokerNotes.co
Fact-checked by Steven Hatzakis, Joey Shadeck
Edited by John Bringans

October 07, 2024

The first step for every forex trader should be choosing a reliable, well-regulated forex broker. The team at BrokerNotes has conducted extensive research and data collection on international forex brokers and the local regulatory environment to create this guide for United States-based forex traders. Read more to learn which forex broker is best for your needs.

The population of the United States as of 2020 is 331,002,651. The national currency of the United States is the United States dollar. The primary and central bank of the United States is the Federal Reserve Bank, often referred to as the "Fed". The primary responsibilities of the Federal Reserve Bank include conducting monetary policy, supervising and regulating banking institutions, maintaining the stability of the financial system and providing financial services to depository institutions, the US government, and foreign official institutions. In addition to the Federal Reserve Bank, there is also a financial markets regulator in the United States known as the Securities and Exchange Commission (SEC). The SEC is primarily responsible for enforcing federal securities laws, regulating the securities industry, regulating certain aspects of the commodity futures industry, facilitating capital formation, and providing investors with certain protections.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Best Forex Brokers United States for 2024