Top 5 CFTC Forex Brokers in 2024

Thinking about using regulated Forex brokers in the US for your online trading needs? Be sure to read our in-depth top 5 CFTC Forex brokers.

Let’s face it, most Forex brokers out on the market are not working in your best interest, and some of them may even generate profit from your losses. And worst, some are so unreliable that you would find yourself having a hard time withdrawing your hard-earned trading profits.

CFTC brokers

Image credit: CFTA

To find the best Forex brokers in the US, we created a list of all CFTC authorized brokers. Here is our list of the top 5 CFTC Forex brokers.

  1. Oanda
  2. Interactive Brokers
  4. AMP Global
  5. IG

These CFTC regulated forex brokers are bound by guidelines that protect traders like you. This article will provide helpful information about CFTC, their functions, and how they protect you in the United States. Furthermore, I’ll discuss the list of trusted brokers you can trade with in the US.

What is the CFTC?

The Commodities & Futures Trading Commission (CFTC) is one of these authorities with such a highly respected regulatory framework. It was established on April 15, 1975, by the US congress to be in charge of investments and futures trading. The CFTC works as an independent regulatory agency tasked with the supervision and regulation of American companies dealing in the futures, SWAP’s, commodities, and Forex trading. By overseeing these markets, the CFTC hopes to create fair and transparent markets for traders as well as maintaining the integrity of brokerages in the markets.

The CFTC is known to be a very strict regulatory authority with many guidelines, restrictions, and requirements for financial companies offering investment services to American citizens. This has deterred many companies from setting up shop at a US-based brokerage.

Why should you choose CFTC regulated Forex brokers?

A very important aspect of the CFTC is the protection of investors and consumers. The authority has developed numerous rules and guidelines for the protection of investors by safeguarding the integrity of financial markets.

One of the largest areas of protection the CFTC provides investors is the prevention of fraud and financial abuse. They achieve this level of protection by making it mandatory for all US financial companies involved in investment services to adhere to their strict regulatory guidelines. Regarding Forex brokerages, all firms must pass an intense and secure licensing process, which prevents companies from participating in any financial malpractices.

As well, once companies are regulated by the CFTC, they are under constant supervision and must comply with fair and true advertising practices.

Also, the CFTC protects investors by cracking down on any fraudulent activity committed by companies. They issue warnings, fines, and will even take legal action by working with authorities such as the FBI.

Related: CFTC Fines JPMorgan $920 Million for Spoofing and Manipulation

Traders any one of brokers mentioned in this article.

Top 5 CFTC Forex brokers

See below for the top five Forex brokers in the US:

1# Oanda


Image credit: Oanda

Oanda is a regulated broker that's making waves in the financial world! With a branch office located in beautiful Toronto, their services are tailored to meet the needs of customers in different parts of the world. From North America to Europe and beyond, Oanda's product offering varies depending on your location, so you can get exactly what you need.

If you're in the USA, you're in for a treat! Oanda's got your back with a range of products that are sure to excite. Looking to invest in forex? They've got you covered. Want to try your hand at the world of crypto? You guessed it, Oanda offers spot crypto trading too.

Investors find it easy and safe to trade with Oanda because of its advanced trading tools and regulation by international authorities. Oanda is well-regulated by six top-tier regulatory authorities, including the US CFTC, the US National Futures Association (NFA), the UK Financial Conduct Authority (FCA), and the Australian Securities and Investment Commission (ASIC).

Oanda pros

  • Extensive Educational Material
  • Highly Regulated
  • Accepts US Clients

Oanda Cons

  • Slower phone support
  • Less competitive spreads

So, whether you're a seasoned investor or just starting out, Oanda is the perfect partner to help you achieve your financial goals. What are you waiting for? Join the Oanda family today and start trading with confidence!

2# Interactive Brokers

Interactive brokers

image credit: Interactive Brokers

Interactive Brokers was founded in 1978 and is one of the biggest US-based discount brokers. The broker is regulated by several financial authorities globally, including top-tier ones like the UK's FCA and the US Securities and Exchange Commission (SEC).

As it has licenses from multiple top-tier regulators, Interactive Brokers is considered safe. Having a long track record and publicly disclosed financials while being listed on a stock exchange are also great signs for its safety.

Interactive Brokers pros

  • Well regulated
  • Low trading fees
  • Large investment selection
  • Strong research and tools
  • Wide range of products

Interactive Brokers cons

  • Website is difficult to navigate
  • Inactivity fees on IBKR Pro

image credit: is a global FX and CFD broker established in 2001. is a brand of GAIN Capital, which is listed on the New York Stock Exchange. With a massive range of tradable currencies, low account minimums, and an impressive trading platform, is an excellent choice for brokers searching for a home base for their currency trading. is considered safe because it has a long track record, it is regulated by top-tier financial authorities, the UK Financial Conduct Authority (FCA), and the US CFTC.

New traders and seasoned veterans alike will love’s extensive education and research center that provides free, informative forex trading courses at multiple skill levels. While is impressive, remember that it isn’t a standard broker. pros

  • Low trading fees
  • Highly regulated
  • Low minimum deposit
  • Trade over 4,500 markets including 80+ currencies and four top cryptocurrencies
  • Many tools to conduct technical research
  • Trade four top cryptocurrencies using leverage
  • Access to vast amounts of educational resources cons

  • Charges Inactivity fees
  • The account verification process could take some time
  • No stocks or bonds offered

4# AMP Global


AMP Global is part of the AMP Global Group holding (Chicago, USA), authorized by the CFTC and a member of the National Futures Association (NFA) since 2010. They provide traders with over 50 platforms for various financial instruments, including futures, Forex, options, CFDs, and more. To provide services outside North America, AMP Global has a European subsidiary registered in Cyprus and is regulated by the Cyprus Securities and Exchange Commission (CySEC).

AMP Global is a member of the Investor Compensation Fund and pays great attention to the safety of clients' funds. Separate accounts in European banks are used for their storage of deposits, which is completely separated from the authorized capital of the broker itself.

AMP Global pros

  • Multiple sophisticated trading platforms
  • Several financial assets
  • Educational resources and trading tools
  • 24/7 customer support

AMP Global cons

  • the minimum deposit is USD / EUR / GBP 100;
  • no zero spreads;
  • there are no micro (cent) accounts;
  • the broker does not hold contests among traders and does not provide an opportunity to receive bonuses;
  • There are no investment programs or PAMM accounts.

5# IG

If Broker

Image credit: IG

Founded in 1974, IG has grown to be one of the world’s largest online brokers for spread betting and CFD trading, with trading available across a range of asset classes, including indices, forex, shares, commodities, and more.

With sales offices in 14 countries, based across five continents, traders can also use IG’s investments service to buy and sell shares and ETFs in a more traditional sense or choose a wealth portfolio that they can manage on your behalf.

IG pros

  • More than 17,000 tradable assets
  • Comprehensive education resources and tools
  • Offers forex, CFDs, spread betting, and share dealing services
  • Very competitive spreads on most asset classes
  • Heavily regulated
  • Easily deposit funds with a debit/credit card or bank account
  • Fully-fledged mobile app

IG cons

  • Inactivity Fee
  • Limited range of instruments
  • High fees for share CFDs
  • High spreads


For your peace of mind, make sure you trade with these top 5 CFTC Forex brokers that follow strict regulatory guidelines and framework. Stay away from Forex brokers who are not unauthorized by the CFTC or any international financial institutions.

If you value reliability, transparency, and stress-free, trading with these CFTC Forex regulated brokers makes a lot of sense. All you need to know can be found on the CFTC website with detailed explanations on every aspect of the market, their conduct, and of course, most importantly, the lists of reliable Forex brokers.

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