Nowadays, it is much easier to discover the top forex brokers on the market because of the increased regulation rules. More and more trading companies have appeared all over the globe, and the competition got steep. The best brokers are those that offer plenty of flexibility and a wide range of assets as well as options. Here are the best 9 choices on the market, presented in no particular order.
Top Forex Brokers in The United States
This is one of the most popular trading companies in the United States. It is part of GAIN Capital Group, located in New Jersey. The firm has gained a lot of appreciations due to its transparent activity and fair play policy. It provides top-notch platforms such as MetaTrader and FOREXTrader Pro. By opening an account, you will receive weekly market insights and other useful trading charts. Forex.com provides plenty of educational resources like video tutorials, online guides, and free webinars.
Besides Forex, you can also trade commodities, indices, and more. You can either choose to open a live account, or you can opt for the demo account. If you can afford a premium membership, you will be required to make a deposit of at least 10,000 dollars.
MB stands for Manhattan Beach. It is among top forex brokers in America, and its headquarters are located in California. MB Trading is a well-adapted company to all American regulatory rules. With this firm, you can trade a wide range of assets such as forex, stocks, and more. An interesting fact about this broker is that it offers no less than nine account types. We will present the most common ones:
- Individual account. One person controls the entire membership as well as all investments and winnings.
- JTIC. This is called the Joint Tenants in Common account. In this case, there are two beneficiaries.
- Corporation or LLC. Limited Liability companies can open an account. They must also provide a brief activity description.
- Foreign Classification. This account type was specially created for people who are not US citizens.
This company is included in TD Ameritrade Group, which is one of the top forex brokers in the United States. They attract a lot of clients due to their regulated and authorized state. All you need is one single account to gain access to all trading assets, from forex to stocks and binary options. When it comes to account types, they provide a wide range of memberships. All these are categorized in four main account groups: standard, retirement, education, and specialty. As you can see, you have plenty of choices and a lot of flexibility.
You can open a new account if you deposit at least 3,000 dollars. Thinkorswim offers one-month commission-free trades. For deposits bigger than 250,000 dollars, you can also receive a welcome bonus. Once you open a new account, you will also gain access to the company’s mobile trading app. It is available on both Android and iOS devices.
FXCM is situated among top forex brokers due to its high-quality services. You will be pleasantly surprised to find out that their minimum initial deposit is only 50 dollars. This sum is, however, available only for a mini account type. Besides the basic membership type, there are also two other accounts. The first one is called the standard type, and you have to place at least 5,000 dollars to open it. The second one and the most prestigious is the Active Trader. For this one, the minimum deposit is 25,000 dollars.
FXCM’s customer support is well-organized. Besides the usual contact forms such as phone number and e-mail, the company provides a FAQ page on their main website. You also have the possibility to contact a trading specialist that will assist you with everything you need.
If you search for a low-cost deposit, this company is the right one for your needs. There are no minimum deposits required. So, you can invest as low as one dollar. This broker’s headquarters are located in San Francisco, California. OANDA’s services are available all over the globe. It has become popular because it doesn’t charge any commissions. Even though the company’s mobile app is not the greatest, OANDA remains a good choice, especially for beginner traders.
Considering that the trading platform provided by this broker lacks some useful features, you may say there are better choices out there. However, this firm is highly attractive due to its flexibility and low-cost opportunities. Regarding educational tools, OANDA has plenty of options to choose from. You can learn trading strategies by watching their training tutorials.
This trading company is among the top forex brokers in the United States. Even though this firm offers low commission rates, it is not as great when it comes to educational resources. Some clients say ATC Brokers’ platform is not user-friendly. The company is based in Los Angeles, California, and it was founded in 2005. On the bright side, they use a transparent pricing model. You can make withdrawals using either wire transfers or checks.
The minimum initial deposit is 5,000 dollars for the live account while the minimum trade is 10,000 units. The company has developed its own trading mobile app, but there seem to be some small problems with the way it works. You can use technical indicators, but you cannot set alarms. Also, it is said to be quite difficult to place trades.
With CitiFX PRO, you can either open a real account or choose the practice membership type. Unlike other trading companies, this one requires a higher minimum deposit. To create a new membership, you will need to place at least 10,000 dollars into your account. This is one of the most reliable firms on the forex market. It is also among the top forex brokers in the world. The live account category contains the following accounts: standard, premium, and institutional.
To open a premium account, you will need to make a minimum deposit of 50,000 dollars. For the institutional membership, the initial deposit is negotiated with your designated account manager. When it comes to customer support, CitiFX PRO has a well-organized department. All clients can contact easily contact them using the phone number, e-mail address or live chat. Their helpdesk is available 24/5.
This trading company has its headquarters in Connecticut, more precisely in Greenwich. The minimum initial deposit for the standard account is 10,000 dollars. When it comes to membership types, Interactive Brokers have developed a more complex approach. They have categorized their accounts in two main sections: trader & investor accounts, and institution accounts. The first group contains different account types such as small business, family office, and more. The second category includes accounts for brokers, money managers, registered advisors, etc.
In term of educational support, this broker provides plenty of useful and valuable learning tools. On their website, you will find everything you need, from webinars and courses to trading apps. This is also one of the most reliable forex brokers in the United States, having an expertise and experience of over 32 years. Besides Forex, Interactive Brokers is also present on 79 other markets. They have about one million registered traders.
TradersChoiceFX is a trading company which began its activity in 2004. Their account types are the following: mini or micro, standard, and ECN. The smallest minimum deposit is 250 dollars, while for the standard account this sum reaches to 2,500 dollars. If you want to open an ECN account, you will have to deposit at least 25,000 dollars. As an active client, you can make withdrawals using bank wires, credit cards, or e-wallets. Also, the company has its own mobile app, available on both Android and iOS devices.
TradersChoice FX offers you the possibility of opening a demo account, totally free of charge. This is a great opportunity, especially for the beginner traders. Using a practice account will make you see how the real platform works. You will gain new abilities and you will be able to establish effective trading strategies.
Putting It All Together
All of the above companies are top forex brokers. These trading firms are reliable and they have a lot of experience in this field. All the opportunities and features that these companies offer will really surprise you in a positive way. To discover more about them, you should access their website and read their Terms & Conditions page. Trading is a rewarding activity but it is also a risky one. So, choose carefully!