5 Forex Brokers That Accept US Clients
| Broker | US Regulation | Licence | Min Deposit | EUR/USD Spread | |
|---|---|---|---|---|---|
| eToro | See notes | FCA, CySEC, ASIC | $50 | 1 pips | Check → |
| IG Group | CFTC | CFTC 0509630 | $0 | 0.6 pips | Check → |
| OANDA | CFTC | CFTC 0325821 | $0 | 1.2 pips | Check → |
| Forex.com | CFTC | CFTC 0339826 | $100 | 1.2 pips | Check → |
| Interactive Brokers | See notes | FCA, FINRA, ASIC | $0 | 0.2 pips | Check → |
The US forex market is tightly regulated by the CFTC and NFA. Offshore brokers are prohibited from soliciting US clients. Only 5 of 100 brokers in our database accept US residents — all are either CFTC/NFA registered or are large international platforms with a US-regulated entity.
Frequently Asked Questions
Which forex brokers accept US clients?
Only a small number of brokers legally accept US traders: eToro, IG Group, OANDA, Forex.com, Interactive Brokers. The US regulatory framework (CFTC and NFA) prohibits offshore brokers from soliciting US residents, significantly limiting the available choice compared to other countries.
Why do so few brokers accept US clients?
The CFTC and NFA impose strict requirements on forex brokers serving US clients including high capitalisation requirements (minimum $20 million net capital), FIFO trading rules, no hedging, and leverage capped at 50:1 on major pairs. Most offshore brokers find compliance too costly and exclude US residents entirely.
Can I use an offshore forex broker as a US resident?
Legally, offshore forex brokers cannot accept US clients and doing so violates US law. If a broker does accept you knowing you're a US resident, it is operating illegally in the US and offers you no regulatory protection if something goes wrong. Stick to CFTC/NFA-registered brokers.
Data sourced from official regulator registers and broker websites, verified 2026-09-16. This page does not constitute financial advice.