Stock & Forex Brokers in the USA

The trading industry in the United States is slightly different from many other parts of the world, mostly due to strict and very specific regulation.

Because of this, many traders are confused about forex and stockbrokers in the USA. So in an attempt to clear things up, we’ve created this complete guide of the best stock and forex brokers in the USA.

Risk Warning:

Your capital will be at risk when using any of the recommended platforms in this article. Never invest money you can’t afford to lose. Using a high leverage can result in losses of capital.  65-89% of retail investors lose money when trading contracts for difference (CFD). Bullmarketz may be compensated by some of the brokers listed on our website.

Is CFD Trading allowed in your country?

CFD Regulation Country by Country. The CFD trading services we are listing in this article is available in the following countries.

Europe:

  • Albania
  • Bosnia & Herzegovina
  • Bulgaria
  • Croatia
  • Czech Republic
  • Denmark
  • Estonia
  • Finland
  • France
  • Germany
  • Greece
  • Hungary
  • Iceland
  • Ireland
  • Italy
  • Kosovo
  • Latvia
  • Lithuania
  • Macedonia
  • Malta
  • Moldova
  • Montenegro
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Romania
  • Russia
  • Serbia
  • Slovenia
  • Spain
  • Sweden
  • Switzerland
  • Turkey
  • Ukraine
  • United Kingdom

Excluded: Belgium

North America

  • Belize
  • Canada
  • Costa Rica
  • Cuba
  • Guatemala
  • Honduras
  • Jamaica
  • Mexico
  • Nicaragua
  • Panama
  • Puerto Rico
  • The Bahamas

Excluded: United States

South America

  • Argentina
  • Bolivia
  • Chile
  • Colombia
  • Dominican Republic
  • Ecuador
  • Guyana
  • Paraguay
  • Peru
  • Suriname
  • Uruguay
  • Venezuela

Excluded: Brazil

Africa

  • Algeria
  • Angola
  • Benin
  • Botswana
  • Burkina Faso
  • Burundi
  • Cameroon
  • Central African Republic
  • Chad
  • Democratic Republic of Congo
  • Egypt
  • Eritrea
  • Ethiopia
  • Gabon
  • Ghana
  • Guinea
  • Guinea-Bissau
  • Kenya
  • Lesotho
  • Liberia
  • Libya
  • Madagascar
  • Malawi
  • Mali
  • Mauritania
  • Morocco
  • Mozambique
  • Namibia
  • Niger
  • Nigeria
  • Republic of the Congo
  • Rwanda
  • Sierra Leone
  • Somalia
  • South Africa
  • South Sudan
  • Sudan
  • Swaziland
  • Tanzania
  • The Ivory Coast
  • Togo
  • Tunisia
  • Tunisia
  • Uganda
  • Western Sahara
  • Zambia
  • Zimbabwe

Middle East

  • Georgia
  • Armenia
  • Azerbaijan
  • Iran
  • Iraq
  • Syria
  • Lebanon
  • Cyprus
  • Israel
  • Jordan
  • Saudi Arabia
  • Kuwait
  • Bahrain
  • Qatar
  • United Arab Emirates
  • Oman
  • Yemen

Asia

  • Afghanistan
  • Bangladesh
  • Cambodia
  • China
  • China
  • India
  • Indonesia
  • Japan
  • Kazakstan
  • Kirgizistan
  • Laos
  • Malaysia
  • Mongolia
  • Myanmar
  • North Korea
  • Pakistan
  • Papua New Guinea
  • Philippines
  • Singapore
  • South Korea
  • Sri Lanka
  • Thailand
  • Turkmenistan
  • Uzbekistan
  • Vietnam

Excluded: Hong Kong

Oceania:

Tested Trading Platforms:

  • eToro
  • Markets.com
  • 24Option
  • IQ Option
  • BDSwiss
  • HotForex
  • Trade.com
  • Libertex
  • Plus500
  • XTB
  • InstaForex
  • IG Markets
  • GKFX
  • LionsFX
  • Valutrades
  • XM
  • IronFX
  • Blackwellglobal
  • FPMarkets
  • AmanaCapital
  • Admiralmarkets
  • Alvexo
  • Bizintra
  • Pepperstone
  • Windsorbrokers
  • FXPro
  • ForexTime
  • HYCM
  • FXGrow
  • TeleTrade
  • Trader.online
  • Marketscube
  • Finmaxbo
  • FXCC
  • Oanda
  • Forex.com
  • LCG
  • CMC Markets
  • FXCM
  • iForex
  • IFC Markets
  • Aaatrade

Our Writer:

Our editorAdam Jarfjord is a Swedish day trader, investor, and copywriter. He works as head of content at BullMarketz.com and has been providing editorial content within the financial sector for more than 5 years.

Read more about him by visiting his LinkedIn profile or contact us directly to learn more about the team.

Here Are the Best Forex Brokers in USA

We’ll start by taking a look at the best forex brokers in the US and how their products differentiate from one another. Keep in mind that forex trading involves leverage and margin which poses increased risks of extended losses. Because of that, we have been careful only to recommend brokers with a great safety system and services that prioritize transparency.

1. Forex.com – Top US Forex Broker

Forex.com is a well-established forex and commodities broker that was launched in 2001. In many ways, they have been dominating the American forex market and are generally speaking considered to be one of the best forex brokers in the USA.

The broker is owned by GAIN Capital, a company that has acquired several impressive brands over the past couple of years, which has helped them spread their services all across the US but also in Europe.

Among traders, Forex.com is known for their impressive selection of trading platforms that can be used on pretty much any device, either online or through downloadable software. Personally, we really like forex.com because of their transparent pricing and their strive to help people traded safely with a good understanding of the risks involved in forex trading in the US.

In Europe and elsewhere, forex.com offers CFDs on stocks, indices, and more. However, American forex traders only get access to currency pairs and a handful of commodities. With that said, there are well over 80 fx pairs on offer, which is more than enough.

  • Platforms: ForexTraderPro or MetaTrader 5
  • Mobile Trading: Yes
  • Assets: 80+ currency pairs
  • License: CFTC, NFA
  • Demo Account: Yes

Read More in Our Forex.com Review

Best Stock & Forex Brokers in the USA 2020 (Toplist) Best Stock & Forex Brokers in the USA 2020 (Toplist) Best Stock & Forex Brokers in the USA 2020 (Toplist) Best Stock & Forex Brokers in the USA 2020 (Toplist) Best Stock & Forex Brokers in the USA 2020 (Toplist)

Find the best trading platform. You capital is at risk when trading. Be careful.

2. Oanda – Well-Established American Forex Broker

Similar to Forex.com, Oanda is a broker with a long and impressive history that spans over 23 years. The broker is available all over the world from Canada and Europe all the way to Australia. However, Oanda’s headquarters are located in the US and this is where they’ve established themselves as one of the US best forex brokers ever.

Oanda’s team of developers and trading experts have developed a trading platform called V20 which is not only very unique compared to many of their competitors as it is incredible to trade with. The platform itself is so intuitive that both beginners and experts can use it based on their personal needs.

Naturally, as a market-dominating forex broker in the USA, Oanda is regulated and completely safe to use. In fact, besides their Commodity Futures Trading Commission (CFTC) license, Oanda is globally regulated with licenses issued by all the top regulatory bodies in Europe, Canada, and Oceania.

  • Platforms: V 20 and MetaTrader 4
  • Mobile Trading: Yes
  • Assets: 70 currency pairs
  • License: CFTC, NFA
  • Demo Account: Yes

Learn More in this Oanda Reivew

Best Stock & Forex Brokers in the USA 2020 (Toplist) Best Stock & Forex Brokers in the USA 2020 (Toplist) Best Stock & Forex Brokers in the USA 2020 (Toplist) Best Stock & Forex Brokers in the USA 2020 (Toplist) Best Stock & Forex Brokers in the USA 2020 (Toplist)

Find the best trading platform. You capital is at risk when trading. Be careful.

3. Interactive Brokers – The Biggest Forex Broker in the U.S

Interactive Brokers is a US-based online brokerage offering everything from stock investments to one of the top forex broker products in the USA. Not only that, but Interactive Brokers is the largest electronic trading platform in the US-based on the number of daily trades. And Interactive Brokers is, by far, the biggest American forex broker.

In other words, even if you don’t want to take our word for it, there is no denying that Interactive Brokers is one of the best US forex brokers ever. Better yet, unlike forex.com and Oanda which only offer forex to American clients, Interactive Brokers can be used to many other forms of trading. You can read more about that in the next segment of this guide.

Today, Interactive Brokers offer several great trading platforms for all your needs. Some of them are designed for retail traders, including the forex trading robot, while others are strictly for professionals. The broker also has a great US forex trading app that has been awarded with several prestigious awards.

  • Platforms: Client Portal, IBKR
  • Mobile Trading: Yes
  • Assets: 70+
  • License: CFTC, the SEC, NFA
  • Demo Account: Yes
Best Stock & Forex Brokers in the USA 2020 (Toplist) Best Stock & Forex Brokers in the USA 2020 (Toplist) Best Stock & Forex Brokers in the USA 2020 (Toplist) Best Stock & Forex Brokers in the USA 2020 (Toplist) Best Stock & Forex Brokers in the USA 2020 (Toplist)

Find the best trading platform. You capital is at risk when trading. Be careful.

Bonus Tip: eToro – Top Cryptocurrency Broker

eToro is one of the best online brokers in Europe and for the longest time, since they mostly offer CFDs, they have not been available to American traders, until 2018 that is.

The broker is currently undergoing a gradual rollout meaning eToro isn’t fully available in all of the states yet. However, their cryptocurrency product is open to most American traders and therefore, eToro offers a great alternative to the more traditional forex brokers in America.

Moreover, the copy trading platform that has made eToro famous around the world, is yet to be released on the American market. So, until then, eToro is a great option for American forex traders looking to trade bitcoin and other cryptocurrencies.

See our complete eToro review here

Best Stock & Forex Brokers in the USA 2020 (Toplist) Best Stock & Forex Brokers in the USA 2020 (Toplist) Best Stock & Forex Brokers in the USA 2020 (Toplist) Best Stock & Forex Brokers in the USA 2020 (Toplist) Best Stock & Forex Brokers in the USA 2020 (Toplist)

Find the best trading platform. You capital is at risk when trading. Be careful.

Here Are the Best Stock Brokers in the USA

Stock trading is, in many ways, much more accessible to American traders, especially compared with forex trading. With that said, unlike in Europe where most brokers offer stock derivatives, the US stock brokers offer the actual stock, traded on the respective exchange.

Because of that, online stockbrokers in the USA are different from the online brokers we might be used to elsewhere.

1. TD Ameritrade – Best Electronic Stockbroker in the USA

There is an impressive range of banks and financial institutions offering stock brokerage services in the USA, but TD Ameritrade is no cookie cutter. Compared to other American stockbrokers such as Fidelity, TD Ameritrade is playing in its own league.

In November 2019, Charles Schwab acquired TD Ameritrade in an all-stock deal which now means that Schwab is an absolute dominance in the industry The combination of Schwab’s own product and TD’s incredible electronic platform thingkorswin, they’ve created something that’s never been seen in the industry before.

If you open an account with this fantastic stockbroker, you’ll have the option of trading and investing in all sorts of stock. Besides that, you also have the option of trading commodities, mutual funds, and other popular instruments, even cryptocurrencies.

You can pick if you want to trade using the Webtrader or the award-winning thinkorswim platform.

  • Platforms: thinkorswim, Webtrader
  • Mobile Trading: Yes
  • Assets: Thousands of assets on offer
  • License: CFTC and the SEC
  • Demo Account: Yes
Best Stock & Forex Brokers in the USA 2020 (Toplist) Best Stock & Forex Brokers in the USA 2020 (Toplist) Best Stock & Forex Brokers in the USA 2020 (Toplist) Best Stock & Forex Brokers in the USA 2020 (Toplist) Best Stock & Forex Brokers in the USA 2020 (Toplist)

Find the best trading platform. You capital is at risk when trading. Be careful.

2. Interactive Brokers – Top American Online Stockbroker

As mentioned, Interactive Brokers is not only one of the best forex brokers in America, but also one of the best stockbrokers in the US. Using their electronic platform to invest and trade stocks and other securities is great in so many ways. You see, execution works seamlessly on the platform, the fees and spread are kept to a minimum, and you’re provided with all the tools and graphs you need to properly analyze the markets.

All things considered, Interactive Broker is the best online stockbroker in the USA that we’ve come across. So much so that it’s become our personal favorite.

In addition, we appreciate how technology-driven Interactive Brokers are because it’s setting a standard for the rest of the industry. Which, in turn, is indirectly helping all of us experience better stock investing.

With an account with this stockbroker, you can easily switch between different markets and trade whatever you feel is profitable that particular day.

  • Platforms: Client Portal, Webtrader, app, etc.
  • Mobile Trading: Yes
  • Assets: Thousands of assets on offer
  • License: CFTC and the SEC
  • Demo Account: Yes
Best Stock & Forex Brokers in the USA 2020 (Toplist) Best Stock & Forex Brokers in the USA 2020 (Toplist) Best Stock & Forex Brokers in the USA 2020 (Toplist) Best Stock & Forex Brokers in the USA 2020 (Toplist) Best Stock & Forex Brokers in the USA 2020 (Toplist)

Find the best trading platform. You capital is at risk when trading. Be careful.

3. E*Trade Financial – Consumers’ Favorite Stockbroker in the U.S

Similar to both TD and Interactive Broker, E*Trade Financial is one of the most well-known brokerage firms in the world. This broker, in particular, has become famous for being the best stockbroker ever. And even though we wouldn’t take it that far, we do agree that E*Trade is one of the best American stockbrokers available right now.

E*Trade specialized in online trading and has several million active accounts around the world. The selection of stocks offered is impressive and you can find companies from all over listed on their platform.

You can pick whether you want to invest in stocks or trade stocks similar to a day trader. And if you’re not sure of what you’re doing or where you want to start, E*Trade provides a long list of educational material. There even have managed portfolios that you can invest in and then let other, more experienced traders handle for you.

  • Platforms: E*Trade
  • Mobile Trading: Yes
  • Assets: Thousands of assets on offer
  • License: CFTC and the SEC
  • Demo Account: Yes
Best Stock & Forex Brokers in the USA 2020 (Toplist) Best Stock & Forex Brokers in the USA 2020 (Toplist) Best Stock & Forex Brokers in the USA 2020 (Toplist) Best Stock & Forex Brokers in the USA 2020 (Toplist) Best Stock & Forex Brokers in the USA 2020 (Toplist)

Find the best trading platform. You capital is at risk when trading. Be careful.

Best Overall Trading Platform in the U.S.

If we only look at the trading software offered and not who has the best stock or forex product, we find big differences between each broker.

And after reviewing and testing all the platforms, we are confident that we’ve figured out which broker has the best trading platform in the USA.

1. Interactive Brokers

If we only got to pick one brokerage to recommend to our American readers, it would have to be Interactive Brokers. The combination of stocks, forex, and other assets offered on several award-winning platforms, and for a great price nonetheless, is really unique in the business.

We also appreciate the broker’s long history and expansive experience, as well as their clear focus on technology and spreading new ideas to the rest of the community.

As an American, if you haven’t traded or invested using Interactive Brokers, we highly suggest you do so know. They even offer a free demo account that you can sign up for to get an idea of how great this stock and forex broker in the USA is.

Best Trading App in the U.S.

In today’s day and age, it’s crucial to have a good trading app to rely on. It will help you keep an eye on your open trades even when you’re not in front of your computer, and it will ensure that you never miss out on a good opportunity.

Luckily, there is a clear winner in this category and if you could only use one trading app in the U.S, this should be it.

1. TD Ameritrade

It was a no brainer for us to pick Interactive Broker as the best trading platform, just as much as there is no doubt that TD Ameritrade has the best trading and investment app in the country.

Just check all the incredible reviews and the many awards that the app has been given. In many ways, the TD trading app represents the epitome of mobile trading software and it’s paving the way for all other brokers.

The most impressive feature of the TD Ameritrade App is how quickly serious stock investors started using it. You see, in the rest of the industry, brokers have struggled to get their apps approved by the professionals. But in this case, there was never any doubt because the app is just that good.

Forex Trading in the U.S.

Forex trading in the States works just like forex trading anywhere else in the world. As a trader, you need to find a broker that you can trust and feel comfortable with. In turn, that broker will provide you with access to the forex market where you can trade currencies and make a profit from exchange rates.

The market is mainly regulated by the Commodity Futures Trading Commission (CFTC), similar to other types of online brokers. However, since exchange rates are not securities, forex brokers are, generally, not regulated by the Securities and Exchange Commission (the SEC). Unless the offer securities as well, that is.

If you’re looking to start trading forex, we highly suggest you stick with one of the brokers recommended above. They have all been tested and reviewed by our team of experts who are 100% unbiased in their work.

Stock Trading in the U.S.

Stock trading in the States is different from Europe and other places, especially when you trade stocks online. As explained earlier, the most common way of trading stocks online elsewhere is by using derivatives such as CFDs. The benefit with CFDs is that they are less complicated than regular stocks and since they are derivatives, you never own the underlying asset.

However, in the US, CFDs are completely banned and therefore not available. Instead, traders have to use online brokers that can put them in contact with the actual stock exchanges.

Naturally, there is nothing wrong with investing in and trading stocks online in the U.S by using this method, except for it being a little more complicated.

The market and the active brokers are mainly regulated by the Securities and Exchange Commission (the SEC) with support from the the Commodity Futures Trading Commission (CFTC), and others.

Similar to the forex market, we recommend that you stick with either the stockbrokers we recommend or brokers that are well-established in the industry.

With that said, when it comes to online stockbrokers in the USA, the three we’ve recommended above are the best of the best. There is no doubting that.

How We Did These Tests

These tests have been conducted over countless hours by our team of highly-experienced day traders and investors. Our team has been working in this industry for many years and know exactly what’s needed from a good stock or forex broker. Yet, they do spend many hours trading and investing with each one that is considered for a guide like this.

After days of testing, the team gets together and compare their notes to figure out which of all the potential brokers that are the top three, worthy of being listed here.

Generally speaking, there are certain aspects that help determine which brokers are the best. We mainly look at things like regulation & safety, available assets, how well the platforms work, and the brokers’ reputation in the industry.

In the end, the best brokers in the U.S. are those that offer a complete product that feels good and reliable through and through, and that offers all the tools, graphs, and features needed to trade both as a beginner, but also as a professional.

More Trading Guides

Lastly, we have created similar trading guides to other jurisdictions in the world so that you can compare trading in different regions. You find some of the most popular below

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