Want to jump straight to the answer? The best forex broker and the Best Forex Trading Platform in US for most people is definitely FOREX.com or IG.
The best forex trading platform in the US is arguably one of the easiest financial markets to begin trading in. To get started, you just need to open and fund an account with a regulated online broker.
Choosing the best forex trading platform in the US and the best forex broker to trade forex does require some initial research to find the one most suitable for your trading needs and experience level.
Also Read:
- FxPro cTrader: One of Best Direct MT4 Broker and WebTrader
- Top 5 CFD Forex Brokers in 2021-2022
- Forex eToro: What is eToro Demo Account?
- What is Copytrade eToro? CopyTrader: Copying All Trades
- What is Spread Broker?
- What is a Forex Broker?
- Types of Forex Brokers: DD, NDD, Hybrid, ECN, or Elite?
There is an in-house token by the name of NIO which is used by the Autonio trading bot. This token is based on the Ethereum blockchain and uses the ERC-20 algorithm. This token can be purchased from all the major exchanges like Bittrex and Ethfinex.
The entire Autonio platform revolves around the utility of the NIO tokens and they can be utilized just like any other token for a decentralized best forex trading platform in the US app.
The average price of using the Autonio trading bot comes in at around $50 per month and the users can download it for all the major operating systems like Windows, Linux, and macOS on computers laptops, and even on Android for the mobile operating systems.
Built on an open-source code, the CoinBot cryptocurrency trading bot is a rental service that helps traders execute daily trades automatically. There is a complete description of the algorithms that are used in the bot on the official website along with a link to the Github page of the bot.
Top Best Forex Brokers in US and Non US
Benzinga’s picks for the best forex trading platform in US and best forex brokers in 6 key categories appear below along with details about each broker and a screenshot of their trading platforms.
As you read through your options, remember that the majority of forex brokers can help you open a basic account and begin your investing journey.
With these 6 brokerage houses, you are choosing based on the services and extras they provide above and beyond what a traditional broker would do.
1. Best Overall Forex Broker: FOREX.com
FOREX.com is a subsidiary of StoneX (NASDAQ: SNEX) and ranks as the best overall forex broker.
This broker accepts U.S. clients and is regulated in the U.S. by the Commodities Futures Trading Commission (CFTC) and the National Futures Association (NFA). FOREX.com also has oversight from regulators in 6 major world jurisdictions through its subsidiaries.
You can check out Benzinga’s FOREX.com review for more information about this excellent broker.
2. Best for Ultra-Low Spreads: CedarFX
CedarFX believes in combining the finest market conditions with excellent pricing and technology so clients can grow their accounts. Alow spreadgenerally indicates that volatility islowand liquidity is high and CedarFX prides itself.
CedarFX offers 2 account types: 0% commission accounts and eco accounts.
You get access to direct access to global financial markets, with over 170+ tradable assets available through MetaTrader4. Trade forex, crypto pairs, stocks, indices and commodities through a single platform!
You can practice your strategy and get familiar with the MT4 platform before trading using deposited funds through the free demo account.
3. Best for Execution: IG Markets
IG Markets gives clients access to trade up to 80 different currency pairs. The broker requires a $250 minimum deposit.
IG accepts U.S.-based clients due to oversight from the CFTC and NFA. IG holds your money in segregated accounts under trustee arrangements for added security.
In addition to its proprietary trading platform, IG offers support for 3rd-party forex platforms such as MetaTrader 4 and ProRealTime. It also allows application programming interface (API) trading.
4. Best for Advanced Forex Traders: Interactive Brokers
Interactive Brokers offers some of the lowest costs in the business, including a $0 commission on U.S.-listed stocks and exchange-traded funds (ETFs).
Because of Interactive’s world-class brokerage services in 33 countries that cover 134 markets worldwide, the company has oversight from most of the world’s largest financial regulators, including the U.S. SEC, CFTC and NFA.
Interactive also submits to regulatory oversight in the U.K., Australia and Canada, and it has agencies in Japan, Hong Kong, India and Luxembourg.
Interactive Brokers offers trading in 23 different currencies and their pairs, and the broker requires a ,000 minimum margin deposit that is applied to commissions for the first 8 months, followed by a ,000 minimum starting on the 9th month.
Minimum commissions apply, as well as maintenance fees and charges for inactivity, so Interactive Brokers would be best for advanced, active and well-funded professional traders. Interactive’s proprietary trading platforms, including its Client Portal, Desktop Trader WorkStation (TWS) and mobile application have been rated as some of the best in the business.
5. Best for Beginner Non US Traders: eToro
eToro specializes in social trading, which is ideal for beginners since you can follow the trades of expert traders with a proven track record. In addition to its world-class social trading network, eToro has excellent educational resources for forex beginners.
eToro’s intuitive multi-asset trading and social trading platforms and apps can be used by anyone immediately. Unfortunately, eToro does not support the MetaTrader 4 and 5 (MT4 and MT5) trading platforms.
The broker lets you trade over 2,000 different assets and has a minimum deposit of $50. eToro currently accepts clients from most U.S. states where it is registered with the U.S. Financial Crimes Enforcement Network (FinCEN) as a Money Services Business, instead of with the NFA and CFTC as an online broker. The company is also regulated in Australia, the U.K. and Cyprus in the EU.
6. Best for Advanced Non US Traders: AvaTrade
AvaTrade, one of the most secure brokers in the industry, carries 7 regulations across 6 continents (Europe, Australia, Japan, British Virgin Islands, UAE and South Africa).
You’ll be pleasantly surprised by its asset availability, leading platforms and generous trading conditions (you can leverage your positions up to 400:1).
You’ll find a range of automated trading platforms, including desktop, tablet, mobile and web-based trading with MetaTrader 4, MetaTrader 5, its proprietary WebTrader, AvaOptions and the award-winning AvaTradeGO. Client funds are held in segregated accounts for increased security and fast profits withdrawal.
AvaTrade’s innovative technology and cutting-edge trading features also include 1-on-1 training sessions with a dedicated account manager.
7. Best for Commission Free Trades (Non US): FXCC
FXCC is the best brokerage for non-U.S. users, allowing you to choose from 70 currency pairs, several CFD options, spot metals and the top 8 cryptocurrencies.
Bitcoin, Ethereum and Litecoin are just a taste of the popular cryptocurrencies that are available. You might also invest in 12 popular stock indices, spot WTI and Brent crude oil.
You can trade using MT4, leverage and take advantage of the free VPS. Pricing can drop as low as 0.0 pips, and up to a 100% deposit bonus is available.
Multilingual support featuring phone, fax, email, live chat and social media channels ensures you can reach out at any time. No matter where you are outside the U.S., there is a trading and support option for you.
8. Best for Leveraged Trading: FXTM
Established in 2011,FXTMcan support your online trading, no matter your financial ambitions.
It specializes in leveraged trading to give you the potential to generate financial returns on both rising and falling prices across FX, indices, commodities, shares and cryptocurrencies. Whether you’re an experienced trader or completely new to it, FXTM wants to help you find freedom in the financial markets.
More than 2 million users subscribe to FXTM, and it has been recognized with 25 industry awards.
Since your forex broker will be your primary trading partner, you want to choose one carefully to make sure they are reputable and will fit your requirements as a trader. Open a demo account with an online broker you’re thinking of using to see whether it is a good fit.
Demo account trading can also help prevent potentially costly errors that might arise from you being unfamiliar with the broker’s trading platform.
FOREX.com, registered with the Commodity Futures Trading Commission (CFTC), lets you trade a wide range of forex markets plus spot metals with low pricing and fast, quality execution on every trade.
Learn more about FOREX.com’s low pricing and how you can get started trading with FOREX.com. Because, FOREX.com is the one of top 8 best forex trading platform in US and the best forex brokers in 2021-2022.
