Risk Warning: Your capital is at risk. Statistically, only 11-25% of traders gain profit when trading Forex and CFDs. The remaining 74-89% of customers lose their investment. Invest in capital that is willing to expose such risks.

3 Best Forex companies in The United States

Author: Patrick Dresdner
Patrick Dresdner
All publications of the author

The market offers incredible opportunities for anyone looking to maximize gains both long and short term. In other words, the financial world is open to investors and traders all over the globe. 

Because breaking news can change the market so fast, it is important to know what type of financial instruments you are interested in and the best forex companies accepting US clients. 

So, knowledge is a huge part of forex trading since you will need it for every move you make, starting from the first currency pair you will get into: major, minor or exotic. 

Why are Forex brokers a crucial trading partner?

A broker is a middle person that arranges transactions between a trader and the financial institution. Brokers will be the company that offers you tradable assets along with specific commissions and fees. 

These financial instruments may vary depending on the broker you choose. Some of them are stocks, ETFs, options, bonds, cryptocurrencies, commodities, foreign exchange, and more. 

They are professionals that the government regulates. This regulation will protect you as a client and allow all terms and conditions to be transparent. They also exist to protect your funds in case of bankruptcy. 

What does a broker need to be good

When choosing your online broker, it is essential to understand your needs. That way, you can begin by choosing what kind of account can help you reach your goal. They usually depend on a trader's financial budget, overall knowledge, and intention. 

If you understand what account is right for you, the next step is seeing what platform fits your trading techniques. What features do they offer? Can you download it on your desktop and phone? Do they send you alerts, offer economic calendars and calculators?

How financial US regulations differ from others

Financial regulations differ from others because of what is denied and allowed. One of the most powerful and influential is the National Futures Association (NFA). They "safeguard" the integrity of the forex market and others. 

One of the rules they enforce is the use of a specific verification system. They define a customer as an individual "with assets of less than $10 million and most small businesses." These rules, along with others, try to combat fraud and keep finance as transparent as possible   

Below are our three top picks of the best forex companies that accept US clients. 

IG "Invest in your success."

Launched in 1974, IG has over 178,000 clients around the globe. They were the first firm in the world dedicated to spreads. They support 11 languages and offer trading platforms that can be downloaded to your phone for trading on the go. 

IG offers standard and ECN trading accounts where you can weekend trade. Because of this, they provide 24-hour customer support from 8 am on Saturday until 10 pm on Friday. 

Their headquarters are in the United Kingdom, but they have offices in the United States, Australia, United Arab Emirates, Japan, and others. IG offers a great variety of assets like forex trading, indices, CFDs, commodities, cryptocurrencies, options, bonds, sectors, and  ETFs. Since 2019 they have accepted Vanilla Options. 

eToro "Trade with confidence."

eToro has been around since 2007 and has over 2,000 assets. They are pioneers in social trading and were granted an award from FinoVate Europe in 2011, winning the Best of Show in 2011. 

Their headquarters are in Cyprus, and they have offices in the United Kingdom, China, and Russia. They offer a professional trading account and a demo account with $100,000 worth of paper trading. 

Although USD is their base currency, you can also deposit with EUR, JPY, AUG, GAD, CNY, and others. You can trade stocks, ETFs, crypto, indices, commodities, and forex. They offer an educational section to support both beginner and experienced traders. 

Ameritrade "More investment options. More opportunities to grow." 

Founded in 1975, Ameritrade's headquarters are in Nebraska, but they have branches all over the country. They offer a web platform and a day trading app aimed at beginner and experienced investors. 

This broker offers a standard, retirement, educational, and specialty account with real-time quotes. They offer 24/5 trading, so you can react to breaking news and cover more of the market. 

With Ameritrade, you can access a number of tradable assets. Some of these are options, mutual funds, futures, stocks, ETFs, cryptocurrency, and others. They have a great educational section where you can read articles, watch videos, attend webinars, and keep up with market news.

Conclusion - Choosing the best forex company accepting US clients

A regulated broker is of the utmost importance when choosing the best forex broker for US clients. Your funds will be protected, and the broker's terms and conditions will always be transparent. 

However, the best broker will depend on what you are looking for: the type of asset, leverage, types of accounts, downloadable platforms, etc. Once your needs and goals are clear, you can make your top pick of the best forex broker. It is also a good idea to look at the commissions and fees you will be asked to pay since it might count on every trade. 

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Risk Warning: Your capital is at risk. Statistically, only 11-25% of traders gain profit when trading Forex and CFDs. The remaining 74-89% of customers lose their investment. Invest in capital that is willing to expose such risks.