The 8 best forex brokers in the USA
To be considered one of the best forex brokers in the USA, a broker must offer a wide range of different currency pairs to trade, along with low spreads and low costs.
You'll also need the tools to make these trades, so these leading brokers will support the best trading platform software available, providing you with analysis and trade execution tools.
This will be supported by robust customer service channels and all the educational resources you need to become a better trader.
But after you've compiled a shortlist of various broker candidates, how can you determine which is best for you? This list of the best brokers for traders in the USA will help you narrow down your options and make your decision.
Here are the top eight brokers for traders in the United States, updated for this year:
- OANDA - Best Overall
- FOREX.com - Low Spreads
- tastyfx - Excellent Beginner Experience
- Interactive Brokers - Low Commissions
- Schwab - Excellent Customer Support
- eToro - Social & Copy Trading
- Trading.com - Wide Range of Currency Pairs
- Plus500 - Suitable for Futures Trading
All listed brokerages are regulated by both the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA), making them suitable for US traders. The only exception is eToro, which is regulated by the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) in the USA.
1. OANDA - Best US Forex Broker Overall
TradingView awarded OANDA the "Broker of the Year" award, so it deserves to win this list.
The reasons for OANDA's high rating include competitive spreads with no commissions (which reduces trading costs) and a wide selection of currency pairs. Support for leading trading platforms like MetaTrader 4, its own OANDA Trade platform, and, of course, TradingView, are other reasons OANDA takes the top spot.
A Wide Selection of Currency Pairs
OANDA offers you 68 different currency pairs to trade—among the largest number of pairs among the brokers on this list. This wide selection of pairs not only gives you more options, as some pairs are more volatile than others, but also allows you to diversify your investment portfolio.
These 68 pairs include all the major currency pairs (also known as the most traded currency pairs), minor and exotic pairs, and cross-currency pairs.
If you're a beginner trader, start by focusing on the most popular currency pairs. As you gain more experience, you can explore new markets to expand your trading reach.
In addition to forex, OANDA also partners with Paxos, giving you access to cryptocurrency tools. Although Paxos and OANDA are separate companies, access to the Paxos iBit exchange via the OANDA software allows you to trade popular currency pairs like Bitcoin, Ethereum, and Litecoin.
Tight Spreads with No Commission
Tight or low spreads are essential to any analysis of a forex broker. These spreads will contribute the majority of your trading costs, so it makes sense to look for a broker that offers tight spreads.
In fact, OANDA performs well here. While testing the most popular currency pairs, analyst Ross Collins of CompareForexBrokers found that OANDA's standard account achieved spreads that were 25% tighter than the market average.
Average spreads were often even tighter. For example, the average spread in the trading segment for the AUD/USD pair is 1.5 pips. In the OANDA Standard account, the average is only 1.3 pips—a decrease of approximately 26.7%.
This is an average spread, of course, not a minimum. Spreads on the AUD/USD pair can reach 1.1 pips. For the EUR/USD pair, the minimum spread is 1.4 pips (with an average of 1.5 pips). OANDA applies these values based on the order size—the smaller the order size, the tighter the spread.
In the US, OANDA also offers basic spread + commission pricing (similar to Raw accounts). For example, the minimum spread on the EUR/USD pair is 0.4 pips (with an average of 0.5 pips), and the commission is $5 per 100,000 units. These commissions are lower than those of OANDA's closest competitor, Forex.com, which charges $7 per $100,000.
The broker's team explains that they achieve their low spreads by obtaining spreads directly from the banks themselves. In other words, there is no internal liquidity generated by the broker, and no one at OANDA has the authority to change your trade prices.
The reason no one at OANDA can change your trade prices is due to their automated technology—which they developed themselves.
Trading Tools and Platforms
OANDA offers you multiple platforms to choose from: MetaTrader 4 (MT4), OANDA Trade, and TradingView.
Each platform has its own advantages and disadvantages, and choosing the right platform depends on your trading strategy and style.
MetaTrader 4 Features
MetaTrader 4 offers 30 technical indicators, 23 analytical tools, and nine timeframes. You can also customize your indicators using Expert Advisors (EAs), for even more platform customization. While some competing platforms offer more of these tools, MT4's simpler range means the focus is on the tools you're most likely to use.
Justin Grosbard of CompareForexBrokers explains: "While some platforms offer more indicators, MT4 eliminates the clutter that can be caused by too many additional features. In my opinion, this makes MT4 more efficient for trading."
Justin also noted that MT4's Expert Advisors, or EAs, are among the platform's most powerful features.
"I use EAs regularly when I trade myself," Grosbard added.
He says: "These are robots that automate your trades for you. You can use the MetaQuotes programming language to create your own custom EA. Or you can follow my example, either purchasing a free Expert Advisor or downloading one from the marketplace. You should find plenty here to suit most trading styles."
OANDA also offers you more Expert Advisors (EAs) and 28 technical analysis tools with the MT4 Premium upgrade. This is another valuable aspect of the broker's benefits, contributing to its leading position.
The MT4 Order Book Indicator, exclusive to OANDA, is also available. This indicator helps you understand market trends by displaying all open orders and trades in the OANDA Order Book and integrating this data into your charts.
The indicator features a 20-minute delay for most clients and a 5-minute delay for Elite Trader clients.
OANDA Trade
OANDA Trade is a brokerage platform that integrates advanced charting from TradingView to provide you with over 65 technical indicators and drawing tools.
Features like Autochartist's automated chart pattern recognition and the Economy Overlay help you stay abreast of the latest market movements and predict future movements.
Another feature is Dow Jones FX Select, which provides a stream of real-time news and updates.
Overall, OANDA Trade is a solid platform choice. While many traders prefer to stick with what they know—such as MetaTrader 4—Trade offers powerful features that make it a strong contender.
TradingView
You can also use TradingView to execute trades. This is part of OANDA's partnership with TradingView, giving you the opportunity to use TradingView's advanced charting in the OANDA Trade platform or simply use the TradingView platform itself.
TradingView is one of the best platforms available for more advanced traders, largely due to its wealth of indicators and analysis tools. The platform has over 400 built-in indicators, as well as over 110 smart drawing tools.
Pine Script is TradingView's programming language, which you can use to create your own indicators. In testing, using Pine Script seems difficult if you don't have any programming knowledge. However, if you do have programming experience, you can create these indicators with just a few lines of code.
This is significantly better than some other trading feature programming protocols, which require longer and more complex sets of code. Account Management
There is no minimum deposit with OANDA, so you can start trading with any amount, helping you stick to your budget and trade responsibly.
For this deposit, you can use debit/Visa cards, debit/Mastercard, automated teller machines (ACH), and bank transfers. These options are also available for withdrawals.
Loyalty Program for High-Volume Traders
If you are a high-volume trader, OANDA offers a rebate program called the "High-Volume Trader Program." This program consists of five different tiers, with a monthly trading volume of $10 million to qualify for the lowest tier.
This lowest tier gives you a rebate of $5.00 for every $1 million traded, increasing to $7.00 in the second tier, then $10.00, $15.00, and finally $17.00. OANDA states that a $17.00 rebate can reduce your costs by an average of 34%.
There are other benefits to this program as well. These include:
- A free Virtual Private Server (VPS), which provides protection from potential outages and 24/7 trading access.
- Discounted rates for third-party tools, such as the TradingView features mentioned above.
- Regular interest payments on your unused margin when that margin exceeds $10,000.
- Additional trading content and events for Elite Traders.
- Personal support from a dedicated relationship manager, enhancing the customer service experience.
The Elite Trader program won't be for everyone. However, if you qualify for one of the program's tiers, the additional rewards and cost savings may be attractive.
OANDA Final Verdict
OANDA is the best broker overall for US traders. Its tight spreads—consistently lower than the market average—are an excellent feature of OANDA.
The multi-tier loyalty program may appeal to some traders, but many forex traders will be satisfied with the broker's standard features. Your tier depends on your trading style and approach to the market.
MetaTrader 4 support is a plus, although OANDA Trade's proprietary platform is also excellent. The OANDA platform is also one of the most user-friendly trading platforms, offering a smooth learning curve for beginners.
Some traders have noted that there are overnight fees applied to your trades, and an inactivity fee of $10 per month applies if your account remains inactive for 12 months or more.
This is true, but it's also common in the industry—most brokers charge these fees, but don't offer a comprehensive trading experience like OANDA.
2. FOREX.com - The Broker with the Lowest Spreads
FOREX.com is one of the most popular forex brokers in the United States. One of its most notable features is its low spreads, thanks to its RAW account.
The RAW account gives you access to interbank trading rates. This means you can access spreads as low as zero pips with a fixed commission.
There are other benefits to trading with FOREX.com as well. You'll have access to a wide range of different trading instruments, such as spot forex markets, commodity futures markets, cryptocurrencies, stock indices, currencies, and interest rates.
RAW Account Spreads
You have two types of accounts available when trading with Forex.com: the Standard Account and the RAW Account. The Standard Account means you don't pay a commission but trade with slightly wider spreads. The commission-based RAW account is the more interesting option here.
Paying a commission may seem annoying to some, but it's actually one of the most cost-effective ways to trade. For example, Forex.com's commission is $7 per $100,000 traded, which is a very low fee and will give you much tighter spreads.
As of January 2025, FOREX.com offered spreads of 0.0 percentage points on the EUR/USD pair through its RAW account. It's worth noting that although the spreads on the RAW account are lower, after factoring in the $7 per $100,000 commission, the Standard account, with spreads starting at 1.2 percentage points, is likely cheaper.
Account Funding
You can fund your Forex.com account in a variety of ways, tailored to different traders' preferences. These methods include bank transfers (ACH), MasterCard and Visa debit cards, or wire transfers.
There is a relatively low minimum deposit required to open an account, but it's only $100. You'll need to deposit at least this amount to start opening trades, so this minimum isn't a bad thing.
Active Trader Rebates
FOREX.com offers the Active Trader Program, designed to support and reward high-volume traders. The program offers cash rebates, and these rebates increase as your monthly trading volume increases.
At the highest levels, the rebates can reduce trading costs by up to 15%. This isn't as significant a savings as OANDA's Premium Trader Program, but it's still a good value.
In addition, you can benefit from the services of a personal relationship manager if you qualify for this program, as well as daily interest applied to unused margins and refunded bank transfer fees.
Trading Platforms and Tools
FOREX.com offers a selection of different trading platforms. This includes their own platform, as well as the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms.
FOREX.com Web Platform and Mobile Apps
You can use the broker's platform either directly via a web browser or on a mobile app for Android and iOS.
With this platform, FOREX.com has followed OANDA's lead, enhancing its platform's capabilities with TradingView tools. This means you get access to over 80 technical indicators, 50 drawing tools, 14 timeframes, and multiple chart types.
The availability of these features through an intuitive and user-friendly interface is a great added bonus.
MetaTrader 4 and MetaTrader 5
Alongside the broker's platform, you also have MetaTrader 4 and MetaTrader 5. These are excellent trading platforms equipped with automated trading robots such as Expert Advisors.
Using these two platforms via FOREX.com gives you a number of additional tools and features. This includes nine built-in Expert Advisors and 15 unique indicators—a powerful addition to an already robust toolkit.
TradingView
TradingView is another excellent platform you can use to trade via Forex.com. It has over 400 built-in indicators and strategies, including Volume Profile indicators, a candlestick pattern recognition feature, and over 100,000 generic indicators.
The platform's Pine Script programming language allows you to build your own indicators if you want to implement a more advanced strategy and have some programming experience.
Powerful pretesting and backtesting features give you the opportunity to simulate how a coded indicator or strategy works before using it in live trades. Additional Tools
Useful tools are available to you when trading via FOREX.com. Trading Central is one of the leading providers of technical analysis in the US market, while Smart Trading Signals provides real-time insights as you develop your strategy.
But perhaps the most interesting aspect here is the support of Capitalise.ai. Expert Advisors (EAs) are excellent automated trading robots, but programming your own can be difficult. Capitalise helps you create your own automated trading robots even without any programming experience—just enter your own rules and parameters, and the software will take care of the rest.
The bottom line from FOREX.com
What sets the RAW account apart are its low spreads. The ability to get spreads as low as zero pips will really help you reduce your trading costs.
The Active Trader program, with its cash rebates, may not be as good as OANDA's Elite program, but it's still solid. Support for both MT4 and MT5 platforms and all the additional tools is also available. All of this contributes to a strong performance from the broker.
3. Tastyfx (formerly IG) - A Good Experience for Beginners
Tastyfx's developers designed their trading systems and interfaces specifically for novice traders, so everything is clear and accessible.
You may still encounter difficulties while trading, but Tastyfx has strived to mitigate these risks through educational resources and customer service channels to assist you.
While this suggests a good experience for relatively novice traders, the large number of different tradable markets makes this broker suitable for professional traders as well.
Education and Resources
Tastyfx's "Learn" section offers resources to help you learn how to trade forex if you're a novice trader. This includes articles and constantly updated content, as well as in-depth live training sessions and interactive webinars.
You can also practice on a demo account and use the broker's free economic calendar and analytical tools.
Reputation
All traders—beginners and otherwise—need a broker they can rely on. That's why trust and reputation are two of the most important factors when choosing a broker. IG Markets, the parent company of tastyfx, appears to have gained a good reputation among its users.
On TrustPilot, the company has a rating of 3.8 out of 5, placing it in the "Best" category. The company is also one of the oldest in the industry, with over 45 years of experience and regularly supporting over 313,000 clients worldwide.
The company has also received recognition and appreciation from numerous specialized bodies. Industry expert Ross Collins of CompareForexBrokers.com says of these achievements: "I was delighted to see IG and tastyfx win Best Mobile App, Best Education, and Best Trust Score at the ForexBrokers Awards 2024."
Collins explains: "While tastyfx isn't necessarily my favorite broker, I've had a good trading experience using the broker's mobile app and the supported MT4 app, so I can understand why other market bodies have recognized this broker."
Forex Trading Platforms
You can choose between the Tayfx proprietary platform and the MetaTrader 4 (MT4) platform when trading with this broker.
This proprietary platform is likely best for beginner forex traders, as its interface is more user-friendly and intuitive than MT4. It's accessible across various devices, including web, tablet, and mobile apps, and you'll be covered whether you're using Android or iOS.
However, MT4 boasts greater capabilities and is likely to be preferred by experienced traders. You'll have access to MT4's Expert Advisors (EAs) to automate your trading, as well as Autochartist for advanced chart analysis.
Tayfx Final Verdict
Tayfx makes the list because it offers a solid experience for both beginners and experienced traders. Its education features, demo account, and user-friendly interface make it ideal for beginners, while its diverse markets and MT4 support mean even more experienced users won't feel left out.
Both tastyfx and its parent company, IG, have won numerous prestigious industry awards and enjoy a respected reputation. This demonstrates the broker's proven track record of success and reliability.
4. Interactive Brokers - Low Commissions
Low fees and commissions are what put Interactive Brokers (IB) in the top half of this list. While commissions aren't everything, it's nice to get low commissions from a broker—and Interactive Brokers offers these while providing good trading tools.
Low Trading Fees
There are two main components to the fees you'll encounter when trading. The first is spreads, and the second is commissions.
Interactive Brokers' spreads appear to be relatively good for US clients, as you can access interbank exchange rates and trade through leading liquidity providers.
Commissions are also low—in fact, this is what Interactive Brokers has made an integral part of its marketing approach.
In January 2025, Interactive Brokers advertised these commissions as 0.0002 x the value of the currency traded on its Ideal account. This commission was halved to 0.0001 x the value of the currency traded upon upgrading to the Ideal Pro account.
On both accounts, the minimum commission is $2.50, but it will remain low even when trading with higher volumes. Spreads may not be the lowest in the industry—although they are still competitive—but the right approach ensures your trades remain cost-effective.
Charting Tools for Introducing Brokers
Introducing Brokers offers trading tools through the Trader Workstation (TWS) platform, giving you advanced charting features suitable for more experienced traders.
On the TWS platform, you can analyze over 150 financial markets, conduct backtests, and buy and sell trading positions. You'll be able to access the TWS platform via the desktop, web, or mobile versions of the platform.
Interactive Brokers' Final Opinion
The trading experience with Interactive Brokers appears to be excellent if you're a US trader. This is primarily due to the broker's direct interbank pricing, as well as its very low commission rates.
Unfortunately, the platform doesn't offer access to popular third-party platforms, such as TradingView and MetaTrader. However, Trader Workstation ensures that IB deserves a place on this list.
5. Schwab - Outstanding Customer Support
Schwab's main advantage is its customer support, which is managed by a US-based, market-savvy service team capable of answering questions quickly and satisfactorily.
This may be the main advantage, but it's not the only one. The company was recently acquired and rebranded, replacing its old "TD Ameritrade" brand with a new name under the Charles Schwab Company umbrella.
While these changes often cause problems for brokers, they have actually improved Schwab, helping it introduce new features and enhance its level of support.
Customer Service for US Traders
The US support desk is staffed with experts with direct trading experience. These support teams also provide very quick responses, which is definitely a plus if you have an urgent inquiry.
They are also available 24/7, 7 days a week, allowing you to get the help you need whenever the markets are open.
Customer Support Methods
Live chat is one of the most popular ways to get support from a broker, but you can also use a dedicated phone support line.
Schwab offers multiple phone channels. There's a standard line for brokerage services, as well as a remote typing (TTY) service for the hearing impaired.
Dedicated lines are also available for smart wallets and trading services, as well as in Spanish, Mandarin, and Cantonese Chinese.
Although support isn't available 24/7, you can also visit a Schwab branch for in-person support.
Trading Accounts
There's no minimum deposit required when opening a trading account, and you won't incur any fees for adding or withdrawing funds. There are no commissions on broker spreads unless you use broker-assisted trading.
While this lack of commissions sounds great, it means you won't have access to the best spreads in the industry.
Although Schwab's standard account spreads start at 1.0 pips, which is common in the industry, the average is around 1.40 pips. This is slightly higher than the average standard account, and brokers like OANDA and Forex.com offer even better performance.
Schwab doesn't offer a RAW Spread account option.
You can only use US dollars as your base currency with Schwab, and you can only deposit funds via bank transfer. This may be convenient for many US traders, though you may want additional options.
thinkorswim Platform
One of Schwab's strongest features is the thinkorswim trading platform. This software features a range of advanced trading and technical analysis tools, as well as useful research resources and testing features.
Additional features are available on other platforms like TradingView or MetaTrader 4. You may prefer these more popular platforms, but thinkorswim still offers a fairly competitive trading experience.
It's available as a web app, a desktop platform, and a mobile trading app, and the iOS version can be synced with your Apple Watch.
Schwab Final Verdict
Excellent customer support, available 24/7, is what earned Schwab a spot on this list. If you value US support, this might be a good option for you.
Thinkorswim is another plus for the broker. The platform is a solid choice, thanks to its testing tools and good market research, although it's unfortunate that the broker doesn't support MetaTrader 4 or TradingView.
6. eToro - Social and Copy Trading
eToro relies heavily on social and copy trading, which means you follow what leading traders are doing and copy their market moves.
Copy Trading
The CopyTrader system allows you to find other traders to copy, and then mimic their trades. Filtering tools are useful here, as you can narrow your search based on risk level, asset class, and other criteria.
If you're a successful trader, you can earn additional income through eToro's Popular Investor Program. By becoming a trader whose trades others want to copy, you can earn 1.5% of the total capital used to copy your trades—provided eToro's criteria is met.
Investing in ETFs and Stocks
Alongside its offerings as a retail Forex trader, eToro can help you build your long-term investment portfolio using ETFs and stocks. The platform offers 2,083 stocks and 269 ETFs across various sectors, such as indices, dividends, bonds, and commodities.
You can also use Smart Wallets, which organize your investment portfolio for you. This is extremely useful if you want to diversify your investments but don't have the time to do it yourself.
Cryptocurrencies
More than 24 cryptocurrencies are also available, ranging from Bitcoin and Ethereum to altcoins. This presents another opportunity to diversify your investment portfolio, this time with emerging crypto assets.
The Final Takeaway from eToro
The main reason to choose eToro is its CopyTrader system. If you prefer copying other people's trades rather than building your own strategy, eToro is a great choice.
Of course, the platform also lets you choose what you want. If your trades are successful and others want to copy yours, you can earn money through eToro's Popular Investor program.
7. Trading.com - Wide Selection of Currency Pairs
Trading.com focuses specifically on the forex market. The broker offers a specialized forex trading account for US clients, with over 70 currency pairs, zero commissions, and a low minimum deposit.
Currency Trading
The T1 account gives you access to over 70 currency pairs commission-free, using the US dollar as the base currency, and with a low minimum deposit starting from $50.
As with all brokers on this list, you'll trade with leverage when working with Trading.com.
Ross Collins, Senior Analyst at Compare Forex Brokers, explains the leverage options available for different currency pairs. Ross says, "Leverage is available in the US and varies depending on the currency pair you're trading, whether it's a major, minor, or exotic."
For example, if your trading strategy involves a major currency pair like EUR/USD, Trading.com offers a maximum leverage of 50:1. If you're trading an unfamiliar currency pair like USD/TRY, your leverage will be limited to 4:1, he continues.
Trading Platforms
Trading.com offers you the option of using its own platform or MetaTrader 5. Its web-based trading platform and mobile app may be a bit basic for some traders and lack some of the more advanced tools offered by more popular third-party platforms.
MetaTrader 5 is definitely the better option. It offers web-based trading options and a mobile app, but you'll also have access to a range of advanced charting and research tools.
Final Verdict on Trading.com
The broker offers 70 currency pairs, covering major, minor, and exotic forex instruments. This number is sufficient, allowing for a diverse forex trading strategy.
Trading.com's platform is good, but its support for MetaTrader 5 further strengthens the broker's position. This platform is one of the best available for market analysis, trade execution, and trade automation.
8. Plus500 - An Excellent Option for Futures Trading
Plus500 is an excellent option if you're interested in futures trading, a type of trading that can be challenging. Plus500 makes it easy with its user-friendly trading platforms.
Mini and micro futures contracts are available. This is a great feature, as you'll be able to open a trade with lower margin when using these contracts.
Futures Markets
You can trade futures using assets such as forex, cryptocurrencies, agriculture, metals, interest rates, energy, and stock indices. Although this list focuses on forex, it's good to have a variety of asset classes available.
One thing that often discourages people from trading futures is the minimum daily trading margins. However, these margins remain low with Plus500. Opening a micro Bitcoin futures contract requires a margin deposit of just $100, which means easy access to cryptocurrency futures.
The Final Verdict on Plus500
As a broker, Plus500 offers a smooth and user-friendly introduction to futures trading. The tools are designed to be easy to use, and the micro and mini contracts allow you to get started without risking a large amount of capital.
Plus500 also offers a wide range of markets. This makes it a good choice if you're a more experienced futures trader.
Bottom Line: The Best Forex Brokers in the US Market
The best forex broker for retail traders in the USA is OANDA. OANDA offers comprehensive trading conditions and a robust set of features across various categories.
The range of currency pairs it offers is among the widest of all the brokers listed here, with 68 financial instruments.
Its proprietary platform is among the best on this list, combining user-friendly interfaces and advanced trading tools, thanks to its integration with TradingView. This is further supported by support for MetaTrader 4, the most popular platform among forex traders.
However, choosing a forex broker remains a personal decision. It is recommended to review the full list and explore other options. The first step towards successful trading is choosing the broker that best suits you and your preferences.
Frequently Asked Questions
What types of forex accounts do brokers offer?
The licensed forex brokers on this list may offer several different accounts. However, the most common account types you'll see are Standard accounts, RAW spread accounts, and Demo accounts.
With a Standard account, there's no commission, but a wider spread. The broker profits from this spread.
With a RAW account, the spread is lower. You'll have to pay a commission on this type of account, so calculating the costs may be more difficult. However, if you follow the right strategy, RAW accounts are generally cheaper.
Finally, there's the Demo account. Here, you'll practice making trades without risk. It's very important to use your demo account to get familiar with the broker's tools and features. Then, and only then, can you open a live account and trade with real money.
Are forex brokers and trading legal in the United States?
Yes, forex trading is completely legal in the United States, as long as the broker is properly regulated. The Commodity Futures Trading Commission (CFTC) is the regulator of the industry, so all brokers must be regulated by this body.
Brokers must also be members of the National Futures Association (NFA). When choosing a broker, make sure they are accredited by both bodies. All brokers on this list are accredited by both.
eToro is regulated by the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) in the United States. This is because it offers stock and cryptocurrency trading rather than forex trading.
What are the best trading platforms for forex traders in the US?
MetaTrader 4 (MT4) is the most popular forex trading platform globally among retail investors. It offers a very user-friendly interface and a powerful mobile app.
While the app doesn't include all the features of MT4—such as custom indicators, for example—it's still useful for trading when you're away from your desk.
MT4's Expert Advisors (EAs) are also very powerful and are among the best and most versatile automated trading robots available.
MetaTrader 5 (MT5) is based on MT4, with advanced indicators and enhanced charting tools.
This platform may be a good choice for you if you want deeper analysis and a wider range of tools, although it's still less popular than MT4 for forex trading.
You can also access Expert Advisors on MT5, or program your own.
TradingView is another platform offered by leading forex brokers, especially for more experienced traders. You'll have access to a wide range of over 100 indicators and a wide array of charting tools, and you can use the Pine Script programming language to create your own charts.
The trading community is another powerful feature of the platform. The software has several built-in social trading features—although you won't be able to copy trades directly, you'll gain plenty of trading ideas through community interactions.
OANDA Disclaimer
OANDA is licensed to provide certain financial services and is regulated by the Commodity Futures Trading Commission (CFTC)/National Futures Association (NFA). OANDA is a member of the NFA (Membership Number: 0325821). CFDs, such as foreign exchange CFDs, are not available to residents of the United States.
OANDA is a member of the NFA and is subject to NFA oversight and regulatory review. However, please be aware that the NFA has no regulatory oversight authority over underlying or spot virtual currency products or transactions, virtual currency exchanges, custodians, or markets.
Trading digital assets, including cryptocurrencies, is particularly risky and is only intended for individuals with a high level of risk tolerance and financial capacity to withstand losses. OANDA is not a party to any transactions in digital assets and does not hold custody of digital assets on your behalf. All digital asset transactions are conducted on the Paxos Trust Company exchange. Any positions in digital assets are held exclusively with Paxos and held in an account in your name outside of OANDA. Digital assets held with Paxos are not protected by the SIPC. Paxos is not a member of the NFA and is not subject to NFA oversight and regulatory review.
Leveraged trading always increases the risks you face and can result in a rapid loss of funds. We advise you to carefully consider whether leveraged trading, or any other form of trading, is appropriate for you. Seek independent financial advice and ensure you fully understand the risks before trading.