If you live in the US and want to start trading forex, you should pick US-regulated brokers with high leverage. Read on to know and choose from the top US-regulated forex brokers with high leverage.
OANDA
OANDA, a well-known international market maker, is included in our ranking of the best US FX brokers thanks to its no-minimum deposit policy, extensive MetaTrader 4 support, round-the-clock customer service, and affordable trading fees. US citizens can fund their live accounts at OANDA with a debit card (MasterCard, Visa, or Discover), a bank transfer, a check (in USD), or an automated clearing house (ACH). On the other side, the only available withdrawal methods are debit cards and bank wire transfers.
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Pros
- Four trading platforms (OANDA Trade web-based, desktop, mobile apps, and MT4).
- Strong technical analysis tools provided by Autochartist.
- Access to quotes on 70 currency pairs without dealer interference.
IG
One of the biggest forex brokers operating in the US is IG Group, which has over 195,000 retail client accounts globally and more than 44 years of experience in the foreign exchange industry. There are various benefits to trading with IG US for people new to trading. The CFD account from IG is an excellent choice for forex traders of all experience levels because it has adequate leverage and doesn’t charge commissions. No minimum deposit is necessary to open an account, but traders must satisfy margin requirements to take a position.
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Pros
- Excellent instructional resources and trading support.
- Extensive research tools.
- Great proprietary trading platforms.
- Suggestions for trading strategies.
Forex.com
With spreads as little as 0.0 pips on its STP Pro account, Forex.com tops the list of low-spread US forex brokers. The broker can process transactions at market rates thanks to a no-dealing-desk architecture and straight-through processing (STP) execution accounts, which results in narrow spreads compared to no-commission-based trading accounts. Due to the diversity of trading products offered in the US, including the nine major currency pairs, gold, silver, index futures, and futures options, Forex.com stands out as one of the US-regulated forex brokers with high leverage.
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Pros
- Sophisticated technical trading tools
- Great variety of currency pairs
- Fast trade execution
- STP and top-of-the-book spreads
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TD Ameritrade
Due to their exceptional customer assistance, multi-asset broker TD Ameritrade is ranked among our list’s top US forex brokers. One of the biggest broker-dealer companies in the US, TD Ameritrade, has more than 40 years of experience offering trading services. The brokerage handles 500,000 orders daily and oversees over 11 million trading accounts with over $1 trillion in assets.
Pros
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- Superior tools for market research and analysis.
- First-rate customer support.
- Low trading costs, including free stocks and ETFs.
Interactive Brokers
Due to its low trading fees, this 1977-founded “discount” forex broker took the top rank in our roundup. However, IB does not skimp on the trading experience. This brokerage provides a wide range of tradeable assets and in-depth charting, analysis, and research capabilities. Even though it can take a little longer than other top forex brokers, opening an account with IBKR Lite is no minimum deposit. However, note that the broker charges between US$4 and US$10 for withdrawals and a 1% funding fee on all future deposits.
Pros
- Wide range of tradeable assets.
- Robust market analysis and instructional resources.
- And low trading expenses.
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NADEX
We’ve included NADEX in our list of the top forex brokers for US traders, even though it’s an exchange rather than a brokerage, to highlight its distinctive selection of products, including binary options, call spreads, and knock-outs. NADEX is now the greatest and safest means for forex traders to experiment with options contracts. It was the first financial services platform to be granted a license by the Commodities Futures Trading Commission and the National Futures Association.
Pros
- Dedicated to exotic derivatives such as binary options.
- Low fees and easy funding.
- Fully regulated and compliant with NFA/CFTC.
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Trading.com
MetaTrader 5 offers a lot to offer algorithmic traders and other people who use expert advisers to control their trading activity. But among all the brokers we evaluated, Trading.com stands out for its dedication to the newest version of the MetaQuotes trading platform. With all the capabilities of MT4, its predecessor, MetaTrader 5, also offers traders the ideal setting for technical trading and execution speeds that are above average. Like Forex.com, which we already examined, Trading.com is distinguished more by its affordable prices than by its advanced features. It ranks among the top US-regulated forex brokers that offer high leverage, thanks to its dedication to MT5 and user-friendly trading platform.
Pros
- It includes a simple trading platform.
- Live customer support is available 24/7.
- And a large selection of trading products.
eToro
A pioneer in the “game-ification” of investing, eToro is a terrific brokerage for casual traders, individuals interested in social or copy trading, and crypto enthusiasts. It also has excellent information for beginning investors.
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Pros
- Selection of cryptocurrencies.
- Supports social and copy trading.
- A novel, game-like approach to investing.
CMC Markets
Leverage: for New Zealand clients, up to 1:500 (1:30 for clients from all other countries). CMC Markets is a spread betting and CFD broker that offers multiple asset classes. It is governed by the UK’s Financial Conduct Authority (FCA). Customer service is accessible round-the-clock by Live Chat, phone, and email.
Pros
- Wide variety of services offered.
- FCA-regulated (UK).
- Emphasis on customer service and education.
Cons
- Refuses to accept Americans.
- Exorbitant CFD spreads for specific indices.
ActivTrades
Leverage: 400:1 or higher (1:30 for EU clients). A CFD and forex broker with headquarters in the UK and a separate branch in the Bahamas is called ActivTrades. Both organizations are subject to regulation by the appropriate government agencies in their respective nations, the Bahamas Securities Commission and the UK’s Financial Conduct Authority (FCA) (SCB).
Pros
- Financial Conduct Authority-regulated.
- Segregates client funds.
- $100 minimum deposit.
Cons
- Unregulated by ASIC.
Conclusion
US-regulated forex brokers that offer high leverage are as good a choice of brokerage firm as any other brokerage firm category. Many traders will appreciate the high leverage/minimum deposit combination. What do you think about US-regulated forex brokers with high leverage? Leave a remark in the comment field.
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