Demo Account Guide
Demo Account Guide

Forex Brokers that Accept US Clients


Forex brokers that extend their services to US clients allow individuals in the United States to engage in online currency trading. Despite the regulatory complexities surrounding forex trading in the US, these brokers can comply with the strict regulations set forth by the US regulatory authorities, such as the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA). Below is a list of Forex Brokers accepting US traders as clients:

Scroll for more details

Score Broker Account Information Max Leverage Payment


Several forex brokers are legally approved to offer trading services in the United States. According to the latest data from the CFTC as of October 2022, among the 62 registered Futures Commission Merchants (FCMs), at least six have the required licenses and regulatory capital to provide legal forex trading to U.S. residents. Based on this information, the following brokers are known to offer legal forex trading options in the US:

  • IG - National Futures Association (NFA 0509630)
  • - National Futures Association (NFA 0339826)
  • OANDA -  National Futures Association (NFA 0325281)
  • TD Ameritrade - National Futures Association (NFA 0506639)
  • Interactive Brokers - National Futures Association (NFA 0392970)
  • - National Futures Association (NFA 0516820)

Despite the New York session's substantial influence on currency rate fluctuations, the participation of US-based retail traders remains relatively modest. A trader in the US can engage in online FX trading with the same ease as someone residing in Europe or Australia. However, the key distinction lies in the range of broker options available to traders. There are various reasons why fewer forex brokers choose to welcome U.S. clients:

  • Rules and Regulations: Unlike Europe, where one license can cover many countries, the US demands NFA regulation, requiring brokers to have a substantial $20 million in capital. This hefty sum and legal costs make the US market pricier to enter.
  • Profits Challenge: Despite a big US population, restricted leverage (50:1 for majors, 20:1 for minors) means smaller broker profits than Europe's 500:1. High wages in the US also drive up operational expenses.
  • Regulatory Scrutiny: US regulators have hit brokers with hefty fines ($200,000 to $2 million) for misconduct. This strict oversight can dent broker profits significantly.
  • Competition Shift: US traders lean more towards stocks than forex, which can be more lucrative for brokers due to higher trading costs. US brokers compete not just with each other, but also need to win over stock traders to forex trading.

Forex traders in the U.S. must deal with taxes on their trading endeavors. The tax rules vary based on whether they're considered traders or investors. Profits from forex trading are hit with self-employment tax for traders, whereas forex investors deal with capital gains tax.

For capital gains tax, it's like this: the rate could be 0%, 15%, or 20%, depending on how much you're raking in. You might be forking over a bit more if you bring in the big bucks. And remember, those numbers get tweaked yearly for inflation's sake.


So, here's the scoop on how much a forex trader can pull in daily – it depends on each individual. Your experience, strategy, risk smarts, and how wild the market's feeling all play a role. If you're just starting, you might hit around $50 to $100 a day. But if you're seasoned and riding the waves, you could be looking at $500 to even $1,000 daily.

Based on ZipRecruiter, as of Aug 24, 2023, the average annual pay for a Forex Trader in the United States is $103,290 annually. Just in case you need a simple salary calculator, that works out to be approximately $49.66 an hour. This is the equivalent of $1,986/week or $8,607/month.


Regarding forex trading, the U.S. is like the rulebook enforcer. While other places like Europe and Australia are cool with crazy 500:1 leverage, the U.S. plays it safe.

Traders in the U.S. face some important do's and don'ts. One major no-no is trading with brokers not approved by the authorities. This rule aims to keep risks and market swings in check and put the brakes on over-the-top speculation. The authority also keeps a leash on leverage, which means traders can't borrow too much for trading. These limits differ based on what you're trading and your account type, but they usually range between 1:10 to 1:50 leverage.

Additional FAQ

Yes. ATC Brokers is regulated by the NFA with license number 0472530 and the CFTC, ensuring compliance with US financial regulations and providing a level of investor protection.

Continue Reading at Top US Forex Brokers to Choose

Yes.  CFTC requires account segregation for its members to ensure the separation between clients' and the brokers' operational funds.

Continue Reading at Forex Compensation Schemes Explained

In America, each legal company must register themselves at the CFTC. However, not all companies registered there are forex brokers; it could be a business company, publishing company, and so on.

Continue Reading at Forex Regulation Insights: Defining Your Broker's Status

Yes, it does.

The Commitment of Traders (COT) report is a document that comes out every week and tells trader how different groups of people are trading in the U.S. futures market. This report is put together by the CFTC in the U.S.

Continue Reading at What is Market Sentiment in Forex and How to Measure It?