OANDA is the best forex trading app in the USA. We chose it for its intuitive trading interface, competitive trading costs and excellent customer support. This broker also scores high marks for trust, with the most Tier-1 licenses of any broker we review.

To choose a Forex mobile app in the USA, consider your trading strategy, experience level, budget and goals. The best forex broker for you will offer the tools you need to execute your strategy, a selection of assets matching your goals and access to the corresponding financial markets.

OANDA is the best trading app for beginners due to its easy-to-use, straightforward interface, excellent risk management tools and strong commitment to customer support. If you’re new to trading forex, you’ll appreciate that OANDA’s platform makes it easy to place orders and begin trading from charts.

The fees and commissions of forex trading apps will vary depending on the broker behind them. It’s important to remember that the apps are in format for trading platforms but do not serve the same role as a forex broker.

A trading platform helps you design your trading strategy and place your orders. Your broker executes those orders and charges a fee to do so in the form of a spread or a commission. Trading platforms also do not hold your funds.

FOREX.com offers a top-notch trading app and the lowest spreads of any forex broker in the USA. According to our tests, this broker averages a solid 1.2 pips for the EUR/USD pair on its Standard Account.

Trading.com offers the best MetaTrader experience on a trading app. Trading.com chose not to develop its mobile app unlike other brokers we reviewed. Instead, this broker provides a premium version of MT5. For MetaTrader 4 fans, OANDA offers the best mobile experience.

Interactive Brokers’ forex trading app has the best range of trading tools suitable for experienced forex traders. The range of available order types particularly stands out and includes:

IG Group has the best trading app for Android in the US. Like its award-winning web app, IG Group’s mobile offering includes powerful features designed to provide trading conditions similar to what you’d experience trading on your desktop. The advanced charting tools, in particular, exceed those available on most mobile apps.

Yes, Android users trade forex on MetaTrader 4’s mobile app. In September 2022, Apple removed both MetaTrader 4 and MetaTrader 5 from the app store.

The best forex pair to trade in the USA depends on many factors, as it would anywhere else in the world. We recommend focusing on the five major currency pairs, particularly if you’re a beginner. These pairs tend to have less volatility and higher liquidity, meaning their spreads are lower.

Leverage on mobile trading apps works the same way as on web or desktop apps. Traders borrow funds from their brokers to enlarge their positions. The amount available to borrow depends on the funds the trader puts up as collateral and is capped by the CFTC.

You can trade forex 24 hours a day, seven days a week. Most traders in the US prefer to trade the New York session, which lasts from 8:00 AM EST to 5:00 PM EST.

Yes, you can get rich trading forex in the USA. Success in online trading requires persistence, intensive study and a great deal of emotional control. If you want to make a lot of money with little to no effort, trading forex isn’t the solution.

Yes, trading forex on a mobile app is subject to the same rules and regulations as trading forex on a web or desktop application. The CFTC and the NFA oversee forex brokers in the USA, including those available on mobile trading apps

No, US citizens cannot trade forex CFDs. However, non-citizen residents can trade forex CFDs through an offshore broker. Some Tier-3 offshore brokers will also accept US citizens as clients, but be aware that you won’t benefit from the same protections as you would receive trading with a broker licensed in a Tier-1 jurisdiction.

The CFTC oversees derivatives markets in the US, including the forex markets. It works to protect market integrity and enforces regulations to safeguard investors.

Something to keep in mind while reading: in order to use one of the mobile trading apps we’ve reviewed, you’ll need open a forex trading account with the associated brokerage. If you’re curious to learn more about the individual forex brokers developing these apps and their particular strengths, you can do that here.

Likewise, don’t confuse a mobile trading app with a trading platform. We know a lot of people like to use ‘forex broker’ and ‘trading platform’ and ‘trading app’ like they’re the same thing, but we prefer to treat them as distinct concepts to ensure you have the information you need to make the best choice for your trading strategy and experience level. To recap:

The top forex brokers would also offer educational materials (e.g., webinars and other trading courses) in their live accounts on top of their low fees.

Note: This page covers forex brokers for spot trading, Contracts For Difference (CFD) trading is not available in the US due to regulatory restrictions.

Although the United States offers robust protection to retail traders in the form of comprehensive regulation of financial markets, unethical individuals and organizations can and do engage in fraud. All of the forex brokers reviewed on this site are fully licensed by the CFTC and the NFA to operate in the US, and we strongly urge anyone interested in online trading to partner only with a regulated brokerage authorized to operate in your jurisdiction instead of an offshore broker.

Speculative trading, including currency trading and CFD trading, carries an inherently high level of risk. The same high levels of volatility that create massive gains can also lead to significant losses. Trading through a recognized and licensed forex broker, however, protects your investments from market manipulation, scams and outright theft.

View our US forex broker comparison homepage to see the other tables we have comparing regulated forex brokers in the USA.