Trading Platforms For US Traders

Our list of the best US regulated broker by trading software is:

Broker Review Our Rating Regulation Standard
(USD Base)
MetaTrader 4 MetaTrader 5 cTrader Execution Speed Minimum Deposit Currency Pairs Crypto CFDs Retail Leverage Prof. Leverage Visit Broker
81 NFA/CFTC 1.4 2 1.4 - - - 120ms $0 68+ (Spot) - 50:1 100:1 Visit Site
1.2 1.9 1.4 - - - $6.00 174ms $450 80+ (Spot) - 50:1 50:1 Visit Site
1.50 1.5 1.4 0.0 0.2 - $7.00 30 ms (May 2023) $100 80+ (Spot) - 50:1 Visit Site
52 NFA/CFTC - 0.2 0.4 0.3 0.08%-0.2% 120ms $0 105+ (Spot) - 30:1 - Visit Site
- - - - - - - 120ms $10 - 24 (Spot) Visit Site
1.4 1.3 1.2 - - - - 110ms $2000 70+ (Spot) - 50:1 50:1 Visit Site
50 NFA/CFTC 1 1.6 1.2 - - - - Visit Site

What Are The Top Trading Platforms For US Traders?

Choosing the right trading platform will impact your trading experience. You want a platform that has a good UX experience, a pleasing interface and reliable technical and analytical tools. On this page, we evaluate the leading US trading platforms and recommend a broker offering this exemplary platform.

1. OANDA Best MetaTrader 4 Forex Broker


Forex Panel Score


Average Spread

EUR/USD = 0.6
GBP/USD = 0.9
AUD/USD = 0.7

Trading Platforms

MT4, TradingView,
OANDA Trade (fx Trade)

Minimum Deposit


Why We Recommend OANDA

We favoured OANDA’s leading-edge technical analysis tools, minimal spreads, and a wide variety of tradeable assets, making it a top pick for both seasoned and newbie traders. We’ve dubbed it the best forex broker for US traders, and without a doubt, it stands out as the top MetaTrader 4 broker. While we’d fancy seeing a broader range of account options, savvy traders can achieve significant savings with the Spread Only Pricing account.

Pros & Cons

  • Top MT4 platform offering
  • Great charting via TradingView
  • Competitive forex spreads
  • High commission-account fees ($10)
  • Deposit/withdrawal fees apply
  • Limited educational video content

Broker Details

OANDA Has Tight MT4 Spreads and Advanced Features

Key Strengths:

  • Wide variety of assets available to tradebest us forex broker
  • Low spreads and competitive trading costs
  • Easy account opening and deposit process
  • Discounts for active traders and high-volume traders
  • No minimum deposits

OANDA Trading Platform Options

Available Formats: web platform, mobile app, tablet

While using OANDA Trade, their primary trading platform, we’ve noticed its reliance on TradingView for comprehensive charting and technical analysis. Nevertheless, it offers a seamless trading experience across web, mobile, and tablet interfaces. For those just starting or at an intermediate trading level, the platform delivers all the essential tools, especially when it comes to technical analysis.

Platforms with OANDA US

OANDA Trade also offers a range of interesting trading tools, including integration with TradingView for chart trading, charting analysis with MotiveWave, and technical analysis powered by Autochartist. If you’re an automation fiend or algorithmic trader, you’re in luck. Most proprietary trading platforms don’t allow automated trading, but OANDA Trade supports algorithmic trading via Algo Labs, powered by Quant Connect.

If you’re chasing market insights, we’ve appreciated the Dow Jones Select FX Select, granting US forex traders an in-depth, real-time peek at the financial markets. Another bonus is the platform’s comprehensive trading educational resources, which can genuinely aid in refining trading strategies.

Partner agreements with specialist software providers give OANDA Trade users options for even more special features via APIs. Access to multi-charts online trading software means professional-level technical analysis with over 300 trading strategies and indicators and more than 20 data feeds from 10 brokers. The CQG FX app provides access to the most recent market data and is backed with robust charting and analysis tools.

OANDA’s MT4 Offering

US clients of OANDA who prefer to trade on MetaTrader 4 have the option to do so via a proprietary plugin offered with two designated account types: MetaTrader 4 and MetaTrader 4 Premium.

oanda metatrader 4 trading platform

Both accounts provide access to the platform’s Signals tool for social trading and copy trading. Experienced investors will likely prefer the ‘Premium’ option for its more extensive array of technical analysis and charting tools, which include mini charts, alert trading, keyboard trading, tick chart trading, EAs and one-cancels-the-other orders.

OANDA MT4 Trading Platform Features for US forex traders:

  • Spreads as low as 0.6 pips on typical EUR/USD order sizes. The smaller the order size, the tighter the spread. This benefit is available through the OANDA MT4 premium upgrade with the mini terminal.
  • Access to OANDA’s suite of technical analysis packages as a plug-in to MetaTrader 4. This allows clients to execute trades directly from the interface, use intraday market scanning tools, and set up automated alerts for specified patterns.
  • Access to the MT4 open order indicator allows traders to view aggregate current buy and sell orders from OANDA clients to better assess market sentiment.
  • Ability to develop, optimise, and use automated trading strategies with the help of MQL4.
  • Fast order execution with no dealing desk intervention and no re-quotes.
  • Good mobile trading options with OANDA’s mobile apps for iOS and Android devices. The apps offer access to 32 overlay indicators, 11 drawing tools, and 9 chart types.

Background To MetaTrader 4

Available Formats: web platform, mobile app, desktop (including macOS), tablet

metatrader4 mobile

Looking for the most trusted and reliable forex trading platform? Look no further than MetaTrader4. It’s a one-stop shop for all your forex trading needs and is suitable for beginners and professional traders alike.

MetaTrader 4’s breadth and depth of features, as well as the straightforward interface, have helped make MetaTrader 4 the most-used trading platform across the globe. The platform also stands out from the competition for its emphasis on customization. It’s a mainstream platform that actively encourages integrations from numerous third-party APIs and other tools.

Developed by MetaQuotes back in 2005, MetaTrader 4 is also amongst the oldest trading platforms developed specifically for online trading by retail investors. Consistent upgrades over the years have kept the trading platform current and innovative, and many forex traders consider it the ‘gold’ standard when it comes to trading platforms.

The platform boasts an extensive range of technical and drawing tools to help with market analysis and sophisticated EAs. Write your own indicators or rely on pre-written scripts. MetaTrader 4 has hundreds of free and paid EAs available. Need even more custom options? MetaTrader 4 allows you to integrate various third-party software solutions to do even more with the platform.

OANDA MT4 Accounts and Products

If you’re in the US, OANDA offers a single account type: the Spread Only Pricing account. Variable spreads start at 0.6 pips, with the average hovering around 1.2. That may seem high, but remember that most brokers offer a minimum spread of 1.0 pips or above for a Standard Account, which means the average would tend to be even higher. You also don’t need to worry about calculating complex commissions or juggling spread plus commissions with this model, which can simplify the economics of your trading.

oanda account types us

American account holders also benefit from OANDA’s rebate program. Designed to reward high-volume traders, the program offers cash-back or reduced commissions ranging from USD $5.00 to USD $15.00 per million traded.

oanda rebates usa

Americans trading forex with OANDA can choose from 68 currency pairs, including ten majors and 58 minors, exotics and crosses.

oanda trading products usa

Our Verdict On OANDA

With advanced technical analysis tools, tight spreads and a wide range of tradable assets, OANDA is an excellent forex broker for both experienced and beginner forex traders. We not only named it the best MT4 broker but also the best overall forex broker for US traders. While we might prefer a wider variety of account types, the Spread Only Pricing account can lead to significant savings if you’re savvy.

View OANDA ReviewVisit OANDA

2. Has Top Analytical Tools

Forex Panel Score


Average Spread

EUR/USD = 1.2
GBP/USD = 1.6
AUD/USD = 1.4

Trading Platforms

MT4, MT5, Trading Platform

Minimum Deposit


Why We Recommend

We liked the depth of analytical tools provided by, which may not be immediately apparent given its straightforward user interface. The tight spreads and above-average trading expenses stand out for those mindful of costs. Moreover, the swift execution time can be a game-changer for traders aiming for timely decisions in the fast-paced currency market. In our experience, this platform caters brilliantly to the needs of traders, ensuring they’re equipped with top-tier trading tools.

Pros & Cons

  • Wide range of forex pairs
  • Competitive spreads
  • Excellent trading platforms
  • Trading range limited on MT4
  • High withdrawal fee on wire transfers
  • Charges inactivity fees

Broker Details Insights Give You Useful Trading Ideas

When we peered beneath the straightforward interface of, we discovered a treasure trove of analytical tools. We believe you’d value the tight spreads, reasonable trading costs, and swift execution we experienced with this broker.

Key Strengths:

  • Great variety of currency pairs
  • Fast trade execution
  • MetaTrader 4 trading Platform
  • Proprietary trading platform with unique trading tools Platforms

Available Formats: web platform, mobile app, tablet trading platforms usa

A leader in online trading for almost two decades, it’s hardly surprising that has developed some of the most powerful, flexible analytical tools available. If you’re an American, you’re in luck. US CFD traders enjoy access to the same comprehensive suite of charts and calculators as their international counterparts, including Smart Signals, performance analytics and advanced charts powered by TradingView.

Whether you’re a seasoned professional or just starting,’s advanced charting provides many chart types, timeframes, technical indicators, and drawing tools. There’s convenience in saving your favourite chart types and variables for later use and the option to overlay multiple financial markets for comparison.

Even as a beginner, you can benefit from the charting tools, however. Uniformity across web and mobile platforms with ensures a consistent trading experience. The ability to customize virtually every aspect of a chart – from indicators to colours to size – ensures maximum clarity and legibility, even if you’re a novice trading on a demo account.

Choosing MetaTrader 4 brought a suite of perks, including access to Expert Advisors (EAs) to streamline our trading and a plethora of additional indicators. Plus, tools like TradingCentral for enhanced charting and Reuters for news updates and market insights are within reach.

Other Trading Tools

If you’re into scalping like some of us, NinjaTrader complements’s platform perfectly. It offers functionalities like trading straight from charts, a single-click trading system, and simultaneous order placements across accounts. With NinjaTrader, we could also streamline order entries with hotkeys, and various order types were at our disposal.

Used by over 500,000 users, NinjaTrader treated us to top-tier charting and analysis. The 100+ pre-built indicators and myriad add-on options left us spoilt for choice, especially when determining support and resistance levels. The unique Market Analyzer was a standout feature, pinpointing opportunities in real time.

The trading tool provides all the tools you need to build automation – and, unlike MetaTrader 4, does not require EAs. If you’re familiar with C#, you can write your own automation script for custom indicators using NinjaScript, while those with less technical savvy have access to a point-and-click, no-code option. Trading Accounts and Products

If you’re in the US, you have a choice of three trading account types: Standard, MetaTrader 4 and RAW Pricing.

The Standard and MetaTrader 4 accounts include commissions in the spread, which makes for straightforward pricing. Spreads start from 1.2 pips for EUR/USD.

The RAW pricing account carries a commission of USD 14 per round-turn standard lot ($7.00 on each side) but offers spreads starting at 0.0 pips. account type products for us traders Our Verdict

Our journey with was characterised by a no-nonsense trading environment, attractive commissions, and a medley of platforms catering to various trading personas. If you’re an intermediate or pro trader in the US seeking top-tier analytics without breaking the bank, is certainly worth considering.

3. IG Markets Best For Charting And Fast Execution

IG Markets

Forex Panel Score


Average Spread

EUR/USD = 0.16
GBP/USD = 0.59
AUD/USD = 0.29

Trading Platforms

MT4, IG Trading Platform, L2 Dealer

Minimum Deposit


Why We Recommend IG

We discovered that IG Markets stands out with its extensive range of currency pairs, boasting 71 different FX pairings for US traders. They also provide the advantage of commission-free trading for ordinary accounts. Notably, spreads start at just 0.8 pips for some currency pairs and maintain a minimum of 1.0 pips for others. IG confidently claims their highly-traded EUR/USD spreads are up to 20% tighter than many leading competitors.

Pros & Cons

  • Spread only accounts for retail traders
  • Comprehensive range of markets
  • Daily market analysis with IGTV
  • No social trading tools
  • Limited client services over weekends
  • Limited range of products on MT4

Broker Details

IG Has Advanced Charts And Fast Execution

Having explored 71 currency pairs, we found that IG Markets provides one of the broadest ranges of currency pairs among brokers in the US. Interestingly, for US traders, there’s no commission on trading when using a standard account. Spreads start from 0.8 pips for selected currency pairs but otherwise have a minimum of 1.0 pips. IG also claims their spreads for EUR/USD (the most popular currency pair) are up to 20% lower than their main competitors.

Key Strengths:

  • Excellent educational tools and trading supports
  • Extensive research tools and trading strategy ideas
  • Great proprietary trading platforms

IG Trading Platforms

Available Formats: web platform, mobile app, tablet

Navigating through IG’s user-friendly web-based interface, we learned it’s crafted to cater to both beginners and seasoned investors. Their powerful charting tools are a standout. What we found convenient was the ability to customise our workspace on IG, allowing us to craft and save our desired layouts and put together custom watchlists.

ig markets platform mobile web usa

IG’s US clients won’t have access to all the same tools as the UK and Australia-based traders, but all the core tools and functions are there. Traders can place three different order types, as well as “take profit” and “stop-loss” options, to maximise gains and minimise losses.

IG’s charting features caught our attention. With its design rooted in HTML5, suitable for most browsers, we had access to at least 28 technical indicators and 19 drawing tools – ideal for comprehensive analytics. Trading directly from the charts was a handy feature.

The platform permitted an infinite set of timeframes, and we could juxtapose up to four on a singular chart. An interesting aspect was the ability to partition charts into multiple frames, aiding in a more precise market visualisation and enhanced monitoring. Plus, integrating third-party solutions like Autochartist or PIA First made trading signals even more accessible.

We were also impressed by IG’s execution speeds. The market changes rapidly, and staying ahead of the curve in a high-risk, high-volatility environment can help avoid slippage, which can mean the difference between big profits and big losses.

Research tools are also available, such as economic calendars and Twitter. If you like your news streamed, then Reuters is also available.e.

Other IG Trading Platforms

For those who appreciate the benefits of an IG trading account but prefer a more powerful interface for trading, IG Markets has a few options.

ig markets trading platform

For traders, like some of us, whose strategy leans towards comprehensive chart trading and automation, ProRealTime stood out as an optimal choice. With numerous indicators and unlimited timeframes, ProRealTime offers the depth required for a wholesome market analysis experience. The platform also facilitates easy automation and advanced backtesting.

While IG does charge a fee to trade using ProRealTime, you’ll pay nothing for the first 30 days. Once your free trial runs out, you’ll pay only during months in which you execute fewer than four trades.

And, of course, IG offers access to brokers for mt4 – the world’s most popular forex platform. While using the broker’s proprietary platform always offers advantages, MetaTrader 4 may have more appeal for traders already accustomed to its interface or who want to avoid committing to a specific broker’s ecosystem.

IG Accounts and Products

Note that, due to state-level regulatory restrictions, IG is not available to residents of Arizona or Ohio.

This top broker’s CFD account charges no commissions and offers good leverage, making it an excellent option for traders of all experience levels. There is no minimum deposit requirement to open an account.

ig account account type us

Our Verdict On IG

For us, IG emerged as an excellent pick. Catering to beginners with its user-friendly interface and acclaimed proprietary platforms, IG doesn’t fall short for seasoned traders either, providing a rich array of drawing tools and indicators.

4. TD Ameritrade Has Cutting Edge Trading Tools

TD Ameritrade

Forex Panel Score


Average Spread


Trading Platforms


Minimum Deposit


Why We Recommend TD Ameritrade

We liked the wealth of experience TD Ameritrade brings with its four decades in the industry. Boasting more than 11 million trading accounts and more than $1 trillion in assets, it’s undeniable that they are one of the US’s dominant broker-dealer firms. On any given day, they handle a staggering average of 500,000 orders. This extensive track record speaks to their strong offering, particularly regarding the vast range of instruments available to traders.

Pros & Cons

  • Excellent trading platforms
  • Extensive selection of trading products
  • Supplies professional market analysis resources
  • Trading platform has a learning curve
  • Can’t deposit funds with a debit card
  • Does not offer fractional shares

Broker Details

TD Ameritrade Has Cutting-edge Trading Tools

With a legacy spanning over 40 years, TD Ameritrade stands tall as one of the premier broker-dealer firms in the US. We found it impressive that TD Ameritrade manages more than 11 million trading accounts, safeguards assets exceeding USD 1 trillion, and efficiently handles 500,000 orders daily.

Key Strengths:

  • Top-tier market research and analysis tools
  • Excellent customer service
  • Low trading fees, including free stocks and ETFs

TD Ameritrade Trading Platforms

Available Formats: web platform, mobile app, desktop

Since the acquisition by TD Ameritrade and the Charles Schwab Group in 2009, we had access to thinkorswim, paired with its potent INVESTools suite. This is exclusive to a TD Ameritrade investment account. In our perspective, thinkorswim aligns closely with MetaTrader 4 regarding features but goes further by integrating some distinct functionalities, such as its depth of market views.

td ameritrade trading platform us

For those of us who sought a richer experience than MetaTrader 4, thinkorswim’s advanced trading tools were hard to ignore. Especially when considering proprietary trading and analytics solutions, thinkorswim extends a variety of charts, calculators, and EAs to underpin virtually any trading strategy.

Beginner traders among us leveraged the paperMoney simulator for a hands-on learning experience. On the other hand, seasoned traders who prefer the rolling covered call option strategy found the Strategy Roller tool invaluable for the automated management of covered calls. Those inclined towards algorithmic trading could utilise over 400 technical studies via thinkScript. Additionally, for scalpers, the advanced charting complemented by the swift execution via the platform’s ECN-style system was a highlight.

Given the number and power of in-house tools thinkorswim offers US-based traders, the absence of third-party integrations or social trading doesn’t feel like much of a loss.

TD Ameritrade Accounts and Products

The extensive range of trading products is undeniably one of TD Ameritrade’s core strengths. As account holders with this full-service brokerage, we were privileged to trade 70 pairs, 13 stock indices, over 300 ETFs, and a massive list of 37,000 mutual funds.

td ameritrade trading account us

For those interested in exploring derivatives and other products, TD Ameritrade’s offerings include cryptocurrency, futures and futures options, options and over-the-counter global stock trading.

TD Ameritrade: Our Verdict

For US-based traders aiming to maintain a diverse portfolio, TD Ameritrade proves to be a solid choice, granting access to a comprehensive spectrum of trading products and markets.

5. Interactive Brokers Best For Mobile And On The Go Trading

Interactive Brokers

Forex Panel Score


Average Spread


Trading Platforms

Trader Workstation

Minimum Deposit


Why We Recommend Interactive Brokers

We discovered that despite IBKR’s label as a “discount” broker, they certainly don’t skimp on the quality of their trading tools. Contrary to what one might expect, their competitive trading costs aren’t at the expense of a top-notch trading experience. Their mobile platform shines, incorporating a range of analytical, charting, and market research tools. Additionally, they present traders with a diverse range of tradeable assets.

Pros & Cons

  • Large range of markets
  • Excellent charting tools
  • Low commissions
  • IBKR Platform is not user-friendly
  • High commissions for small trade sizes
  • Lacks a choice of trading platforms

Broker Details

IBKR Has The Best Apps And Mobile Interface

While some might label IBKR as merely a ‘discount’ broker, our experience with them paints a different picture. Indeed, IBKR has rolled out an impressive suite of trading tools for US account holders. Their low trading costs didn’t compromise the quality of our trading environment. They presented us with a commendable collection of tradable assets and the standard tools we expect for analysis, charting, and market research.

Key Strengths:

  • Large selection of assets to trade
  • Strong market research and educational tools
  • Low trading costs

IBKR Trading Platforms

Available Formats: web platform, mobile app, tablet

Being familiar with Interactive Brokers, or IBKR as many know it, we were particularly drawn to its stellar mobile app. Tailored for traders always on the move, this app ensures trading from a smartphone or tablet feels just as seamless as from a web app or desktop. While some might associate IBKR primarily with its stock and ETF platforms, US clients could effortlessly trade options, futures, and other non-CFD products across an expansive 135 financial markets.

One of the striking things about IBKR Mobile was its genuine mobile-first approach. Its streamlined, mobile-centric interface didn’t compromise on data richness, technical analysis or charting tools.

interactive brokers platform features

Features like SmartRouting™ impressed us by efficiently scanning markets to pinpoint the optimal ECN or market centre for order routing. For money managers like some of us, the Block Trading Desk was a boon, assisting in executing substantial orders at prime rates. Those interested in Environmental, Social, and Governance (ESG) trading would find the Impact Dashboard beneficial.

Innovative features such as the platform’s Option Spread templates were user-friendly, allowing us to assess various strategies by simply dragging and dropping tiles. Similarly, the interactive Order Entry Wheel’s drag-and-drop interface simplified futures trading for us.

Security, of course, was paramount. With trading primarily via mobile devices, the multiple security layers, including two-factor identification and Face ID, gave us peace of mind regarding personal data and transaction records.

Other IBKR Trading Platforms

Apart from the mobile platform, we explored several other trading arenas IBKR presented:

  • Trader Workstation is Interactive Brokers’ most powerful trading platform, which makes sense since this is the only platform you can download onto your (Windows) desktop.
  • The Fundamentals Explorer is a useful research tool that provides an overview of critical financial information and ratios, essential company facts, relevant historical data and analysts’ forecasts.
  • BookTrader allows you to create, modify and transmit your orders within the book price ladder using a single instrument.
  • FXTrader is an order management tool that aggregates quotes from 14 major interbank dealers. A wealth of tools for trading options and portfolio management tools are also available.
  • IBKR Client Portal is a lite version of Trader Workstation but for web browsers

interactive brokers trading platform us

GlobalTrader and Impact facilitate stock trading across 90 global markets. They also cater to crypto and funds trading. Impact added a sustainability-focused touch, emphasising sustainable stocks.

IBKR Accounts and Products

IBKR distinguished itself in certain aspects that might appeal to trading newcomers and those still honing their skills. For instance, they don’t permit trading on margin, meaning retail traders couldn’t tap into leverage.

interactive brokers account type us

Instead of a Standard account, we experienced the IBKR Lite account, which operates on a commission-based model. We noticed the active trading in a month reduced our costs for each standard lot the subsequent month.

However, those of us using the IBKR Lite account found the CFD options somewhat limited, with just 25 currencies. On the brighter side, we had access to over 100 currency pairs for cross-pairing, accompanied by an array of bonds, stocks, options, and futures.

IBKR: Our Verdict

For seasoned traders, IBKR’s volume pricing was a definite advantage. The cost-effectiveness and their advanced mobile trading app made our trading journey with IBKR quite fulfilling.

6. eToro Best For Social Trading


Forex Panel Score


Average Spread

EUR/USD = 1.0
GBP/USD = 2.0
AUD/USD = 1.0

Trading Platforms

eToro Trading Platform

Minimum Deposit


Why We Recommend eToro

We liked eToro’s unique approach, which blends a touch of gamification with comprehensive educational support for new traders. This platform is not just about making trading engaging; it also ensures newcomers can confidently find their footing. It’s a brilliant choice for those who might trade occasionally or have a keen interest in cryptocurrencies. In terms of social trading, eToro is a leader, fostering a vibrant community where traders can share insights and learn from each other.

Pros & Cons

  • Intuitive platform for copy trading
  • 30M+ traders to copy from
  • Diverse range of trading products
  • No support for MT4
  • Has withdrawal fees
  • Spreads a slightly more expensive

Broker Details

eToro Offers The Most Advanced Copy Trading Facility

Renowned for its innovative “game-ified” stance on trading, we found that eToro provides budding traders with substantial educational resources to navigate the terrain. It’s also an ideal platform for those of us who trade on a more laid-back basis or have a keen interest in cryptocurrency alone.

Key Strengths:

  • Innovative, game-ified approach to investing
  • Excellent selection of cryptocurrencies, stocks and ETFs
  • Supports social and copy trading

eToro Trading Platforms

Available Formats: web platform, mobile app, tablet

Given eToro’s reputation for championing social and copy trading, we weren’t surprised that their unique platform prioritised user-friendliness for traders. A caveat for our American counterparts – eToro has yet to roll out CFD trading for US-based customers. Those in the US can only engage in cryptocurrency and bitcoin trades. Nevertheless, we found some distinctive features on the platform worth our attention.

etoro trading platform

Unlike some traditional brokers, eToro didn’t bother with a desktop version of its trading platform. This might hint at their assumption that their average user would lean towards the convenience of mobile and web over a traditional PC setup. True to form, eToro amplified its platform’s ‘social’ facet, ensuring a smooth web and mobile interface.

The platform’s interface showcases a continuous stream of advice, insights, and recommendations from eToro’s global network of investors. This feature gave us a real-time pulse on the market sentiments shared by both seasoned eToro retail investors and trading professionals worldwide.

The broker has also invested heavily in developing a sentient data collection tool to monitor top traders on the platform and synthesize their behaviours into a broadly applicable trading strategy. According to eToro, the highly specific nature of the data collected allows it to provide beginner and intermediate traders with more accurate, useful sentient data.

eToro being a specialist in social trading, we were naturally drawn to their CopyTrader and SmartTrader features. While CopyTrader lets you discover, track, and replicate other traders within the eToro realm, Smart Trader works similarly but focuses on indices, crafting trade baskets based on prevalent trends.

Yet, for the veterans among us, there were some gaps. Beyond the limited offerings for US clients (only encompassing cryptocurrency, ETFs and stocks) and the absence of a desktop version, the lack of integration with more versatile platforms. US clients of eToro accustomed to using MetaTrader 4 or MetaTrader 5 will be disappointed.

eToro Accounts and Products

Unlike other brokers on this list, eToro doesn’t offer currencies, Instead, the brokers offer cryptos, stocks and ETFs. On offer are 42 cryptoassets, with eToro applying a 1% charge in both directions. Notably, stocks and ETFs come commission-free.

To open an account, you will need a mere $10. However, those keen on SmartPortfolios need to start with a minimum deposit of $2000.

etoro account type us
For those in the US, it’s worth noting that margin trading isn’t available. Yet, you have the choice to power your accounts via crypto wallets.

eToro: Our Verdict

eToro serves as an attractive platform for US trading enthusiasts just venturing into day trading or those with a crypto inclination. It might fall short for seasoned traders or those aiming for a varied investment spread.

7. NADEX Best For Options Trading


Forex Panel Score


Average Spread


Trading Platforms

NADEX Trading Platform

Minimum Deposit


Why We Recommend NADEX

We discovered that NADEX, while leaning more towards an exchange than a typical brokerage, deserves a spot on our list due to its unique array of trading products. These include binary options, call spreads, and knock-outs. For US-based traders keen on diving into options contracts, NADEX stands as a beacon of safety. It’s notable for being the inaugural financial services platform to secure licenses from both the National Futures Association and the Commodities Futures Trading Commission.

Pros & Cons

  • Simplified way to trade options
  • Wide choice of binary options
  • Low trading fees
  • Options only trading
  • Has a minimum deposit
  • Lacks additional trading tools

Broker Details

NADEX Offers The Best Range Of Options At Competitive Prices 

As the pioneering financial services platform to gain licensing from both the Commodities Futures Trading Commission and the National Futures Association, we regard NADEX as one of the most secure avenues for US-based CFD traders to navigate the world of options contracts.

Key Strengths:

  • Dedicated to binary options and other exotic derivatives
  • Fully regulated and NFA/CFTC-compliant
  • Easy funding and low fees.

NADEX Trading Platforms

Available Formats: mobile app, desktop

nadex trading platforms

NADEX account holders can trade options and knockouts on either mobile or desktop platforms for enhanced freedom and flexibility. Wherever our trading happens, we found that the features and tools available remained consistent.

NADEX Accounts and Products

Our US trading colleagues can avail themselves of three distinct types of options contracts with NADEX: knockouts, call spreads, and binary options. The pricing strategy for these underlying instruments is rooted in COMEX and NYMEX futures.

nadex account types usa

Opening or exiting a contract carries a trading fee of USD$1.00 while settling a contract at expiration costs US$1. (In the case of a binary option expiration where the trader is out of the money, NADEX charges no fee.)

We also observed position limits for each of these contract categories: a cap of 2,500 for binary options, 250 for call spreads, and a limit of 100 for knockouts. The minimum tick values were set at US$1 for call spreads and knockouts and a lower US$.25 for binary options.

NADEX: Our Verdict

For our trading peers who have an inclination towards options and diverse derivatives, NADEX offers a trustworthy platform. The assurance comes from the platform’s compliance with essential US regulatory bodies, allowing traders to operate with confidence.

8. Best For Metatrader 5

Forex Panel Score


Average Spread

EUR/USD = 1.0
GBP/USD = 1.3
AUD/USD = 1.0

Trading Platforms


Minimum Deposit


Why We Recommend

We liked that stands unique as the sole US broker, dedicating its entire portfolio to MetaQuotes’ state-of-the-art trading platform. While it may not flaunt every feature seen in some of the pricier, well-established brokerages, the advantage of tight spreads and cost-effective trading cannot be overlooked. Their commitment to MetaTrader 5 showcases a focused approach, catering specifically to traders who appreciate this platform’s capabilities.

Pros & Cons

  • Competitive spreads
  • Excellent client support
  • Solid choice of trading products
  • Does not support other platforms
  • No social trading tools
  • Lack of educational resources

Broker Details Offers The Best MT5 Experience

In our journey profiling US CFD brokers, stood out by embracing MetaQuotes’ latest trading platform wholeheartedly. While this broker might not pack all the features found in some of the older, more expensive brokerages, the attraction lies in their tight spreads and cost-effective trading.

Key Strengths:

  • Wide range of available instruments to trade
  • Straightforward trading environment
  • Round-the-clock, live customer support Trading Platforms

Available Formats: web and mobile

Like other newer brokers, has taken a mobile-first approach, meaning that account holders may find trading from a phone simpler and more intuitive than the brokerage’s web app.

Their swipe-and-tap interface streamlines setting up your trading environment and initiating trades, making it feel less daunting than other apps. One standout feature we appreciated was the ability to flip our phones to landscape mode for an enlarged chart view, enhancing the tap-to-trade process. trading platform us + MT5

MT5, as the advanced version of the globe’s preferred trading platform, furnishes traders with an ecosystem tailored for algorithmic and stock trading. Within this platform, traders can navigate through up to 100 charts spanning 21 distinct time frames and utilise 80 technical analysis tools. Users are also presented with a select marketplace of ready-to-use trading robots or the option to design their personalised expert advisors specifically for the MT5 platform.

It’s important to note that trading bots and EAs developed for MT4 will not transfer to MT5 due to differences in the programming language. Accounts and Products presents a single account choice for our US-based trading community: the T1. The broker steers clear from commission charges on trades but operates as a market-maker. Consequently, spreads start a tad wider, beginning at 0.7 pips. Leverage peaks at 1:50 for major pairs and 1:33 for minor pairs, aligning with CFTC and NFA benchmarks.

The broker offers an excellent selection of currency pairs, 71 in total, including all major, minor and exotics. account type us makes opening an account simple and speedy for a hassle-free experience. New clients must make a minimum deposit of US$50 and can fund their accounts via credit card, wire transfer or ACH transfer. Our Verdict

For US traders on the hunt for a platform that ensures minimal trading expenses, tight spreads, and a formidable platform supporting tech-driven trading tactics, appears as a commendable choice.