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Best forex trading apps in the US in 2023

IG Logo
1st place
IG
Visit broker
79% of retail CFD accounts lose money
Oanda Logo
2nd place
Oanda
Visit broker
78.3% of retail CFD accounts lose money
TD Ameritrade Logo
3rd place
TD Ameritrade

How did BrokerChooser select the best FX trading apps in the US?


  • We tested trading apps at more than 100 online brokers,
  • Compared fees (including spreads, withdrawal fee, commission),
  • Compared the number of currency pairs available,
  • Checked minimum deposit requirements,
  • Made sure that the brokers are regulated,
  • Opened an account and tested the full range of services (charting, features, usability, customer service) with real money.

Top 5 forex trading apps in the US in 2022:

  1. IG is the winner, the best forex trading app in the US in 2023. - First-class web trading platform. Superb educational tools. Great deposit and withdrawal options.
  2. Oanda - Great trading platforms. Outstanding research tools. Fast and user-friendly account opening.
  3. TD Ameritrade - Low trading fees (free stock and ETF trading). Superb desktop trading platform. Great customer support.
  4. Forex.com - Low forex fees. Great variety of currency pairs. Diverse technical research tools.
  5. Interactive Brokers - Low trading fees. Wide range of products. Many great research tools.

Best forex trading apps in the United States in 2023
Comparison of the top forex trading apps in the US in 2023

There are many great apps for trading currencies out there, but the ones in our toplist go the extra mile.

Best forex trading apps in 2023
Name Currency pairs offered Forex trading app score
#1 IG 205 5.0 stars
#2 Oanda 70 5.0 stars
#3 TD Ameritrade 140 4.8 stars
#4 Forex.com 91 4.3 stars
#5 Interactive Brokers 105 3.5 stars

Best forex trading apps in the United States in 2023
Trading fees at the top forex trading apps

How much you pay in fees for a trade is a crucial broker selection criteria. See the spreads for the most popular currency pairs at the currency trading apps included in our top list.

IG Oanda TD Ameritrade Forex.com Interactive Brokers
EURUSD spread 0.6 0.9 1.3 1.3 0.1
GBPUSD spread 1.5 1.2 1.5 1.1 0.3
AUDUSD spread 0.6 1.4 1.6 1.3 0.1
EURCHF spread 3.0 1.5 2.5 2.8 0.4
EURGBP spread 1.5 1.2 2.0 1.6 0.2

Best forex trading apps in the United States in 2023
Trade currencies on your smartphone

The forex market is the largest financial market in the world with the highest liquidity. Trading takes place 24 hours a day, so reliable, fast and easy-to-use trading platforms are critical for forex traders.

Timing your forex trade is essential so having everything you need to trade on your phone is very convenient when buying and selling currencies.

Smartphone and/or tablet currency trading apps are increasingly popular with forex traders. Our research shows that traders want prices, charts, a variety of order types as well as cheap and convenient deposit and withdrawal methods at their fingertips.

Although nearly all forex brokers offer mobile applications, these differ greatly in terms of quality, design, reliability and safety. Our broker experts analyzed the entire service portfolio of individual brokers, not merely their currency trading apps when compiling the top list of best forex trading apps.

Best forex trading apps in the United States in 2023
Forex trading in the US

The US foreign exchange market is highly regulated. The Commodity Futures Trading Commission (CFTC), a US government agency registers and regulates forex brokers. A broker must meet certain financial standards and meet specific disclosure requirements to be registered.

Brokers are also regulated by the National Futures Association (NFA), another independent, self-regulatory organization that sets minimum standards for brokers. The NFA allows a maximum leverage of 50:1 on most major currencies.

Best forex trading apps in the United States in 2023
How to choose the best forex trading apps

An excellent overall service level is required to make it to the BrokerChooser list of best brokers in any category. In addition, all service providers included in our list are reliable brokers. When it comes to forex trading and forex brokers, some criteria weigh more heavily in our methodology.

The most important selection criteria for the best apps for currency trading include a superb mobile trading platform with many functionalities and advanced charting; fair forex fees; a wide selection of currency pairs; as well as educational tools to guide you through the basics of trading.

BrokerChooser evaluates 9 key areas for all brokers. Every year, we finetune our methodology based on our own and our users' experiences. We check more than 500 criteria for each broker. We have more than 100 brokers reviewed on our site and our analysts examine more than 40,000 data points overall.

Best forex trading apps in the United States in 2023
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And now, let's see the top forex trading apps for US one by one, starting with the winner, IG.

IG Logo

#1 Best forex trading apps in the US
IG

IG, established in the UK in 1974, is one of the biggest CFD brokers in the world. It is regulated by several bodies globally, including the US Commodity Futures Trading Commission (CFTC), the National Futures Association (NFA), the UK's Financial Conduct Authority (FCA) and Germany's Federal Financial Supervisory Authority (BaFin). IG Group is listed on the London Stock Exchange, and is considered safe.

IG snapshot
Minimum deposit $0
Mobile app score 5.0 stars
Inactivity fee Yes
Currency pairs 205
Deposit methods Bank transfer, Credit/debit cards, PayPal
Withdrawal fee $0
Read review For a detailed analysis of IG services, check out our review for 2023

Visit broker
79% of retail CFD accounts lose money

Oanda Logo

#2 Best forex trading apps in the US
Oanda

Oanda is a US-based forex broker founded in 1996. It is a private company and therefore not listed on any stock exchange. Oanda operates via several entities worldwide and is regulated by top-tier authorities, such as the US Commodity Trading Futures Commission (CFTC), the National Futures Association (NFA) and the UK's Financial Conduct Authority (FCA), and is considered safe.

Oanda snapshot
Minimum deposit $0
Mobile app score 5.0 stars
Inactivity fee Yes
Currency pairs 70
Deposit methods Bank transfer, Credit/debit cards, PayPal, Skrill, Neteller
Withdrawal fee $0
Read review For a detailed analysis of Oanda services, check out our review for 2023

Visit broker
78.3% of retail CFD accounts lose money

TD Ameritrade Logo

#3 Best forex trading apps in the US
TD Ameritrade

Founded in 1975, TD Ameritrade is one of the biggest US-based stockbrokers and is regulated by top-tier authorities like the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA) and the Commodity Futures Trading Commission (CFTC). The broker is considered safe.

TD Ameritrade snapshot
Minimum deposit $0
Mobile app score 4.8 stars
Inactivity fee No
Currency pairs 140
Deposit methods Bank transfer
Withdrawal fee $0
Read review For a detailed analysis of TD Ameritrade services, check out our review for 2023

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Forex.com Logo

#4 Best forex trading apps in the US
Forex.com

Forex.com is a global FX and CFD broker established in 2001. Forex.com is a brand of StoneX Financial Ltd, whose parent company StoneX Group Inc is listed on the NASDAQ Stock Exchange. The company is regulated by several financial authorities, including the top-tier Financial Conduct Authority (FCA) in the UK and the US Commodity Futures Trading Commission (CFTC). The broker is considered safe.

Forex.com snapshot
Minimum deposit $100
Mobile app score 4.3 stars
Inactivity fee Yes
Currency pairs 91
Deposit methods Bank transfer, Credit/debit cards, PayPal
Withdrawal fee $0
Read review For a detailed analysis of Forex.com services, check out our review for 2023

Visit broker
73% of retail CFD accounts lose money

Interactive Brokers Logo

#5 Best forex trading apps in the US
Interactive Brokers

Interactive Brokers, one of the biggest US-based discount brokers, was founded in 1977. The broker is regulated by several financial authorities globally, including top-tier ones like the UK's Financial Conduct Authority (FCA) and the US Securities and Exchange Commission (SEC). Interactive Brokers is considered safe.

Interactive Brokers snapshot
Minimum deposit $0
Mobile app score 3.5 stars
Inactivity fee No
Currency pairs 105
Deposit methods Bank transfer
Withdrawal fee $0
Read review For a detailed analysis of Interactive Brokers services, check out our review for 2023

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Best forex trading apps in the United States in 2023
FAQ

Which app is best for forex trading?

In our assessment, IG offers the best app for currency trading. Called IG Trading, the app is highly intuitive, equipped with a user-friendly search function, price alerts and biometric authentication.

IG, one of the biggest CFD brokers in the world, was established in the UK in 1974. The broker is regulated globally; overseeing authorities include the US Commodity Futures Trading Commission (CFTC), the National Futures Association (NFA), the UK's Financial Conduct Authority (FCA) and Germany's Federal Financial Supervisory Authority (BaFin).

IG Group is listed on the London Stock Exchange, which adds an additional layer of safety.

What app do most forex traders use?

The most common and popular trading platform among forex traders is the MetaTrader 4 (MT4).

A high number of forex brokers work with this trading platform while some others have their own trading platforms and apps developed in house. MetaTrader 4 runs on smartphones and tablets (both Android and iOS). Despite its great popularity, some of the best trading apps are developed by individual brokers.

Can you get rich trading forex?

Forex trading is a good way to make a lot of money provided you are an exceptionally skilled forex trader or if you have a vast amount of money to invest. Nevertheless, do not expect to get rich overnight when you start trading forex.

Similarly to all other investments, forex trading comes with a high number of risks and retail investors may lose all their money if they get carried away.

Leverage (trading with money borrowed from your broker) is a common practice in forex trading, and carries the risk of losing more funds than you initially invested. Forex trading is not a one-way ticket to making big money in a short period of time.

Author of this article

Edith Balázs

Author of this article

Edith is an experienced financial journalist having worked for 15+ years as a correspondent for Bloomberg, Dow Jones and The Wall Street Journal covering macroeconomics, stock, currency and fixed income markets. She holds a master's degree in American Studies and Journalism.

Edith Balázs

Senior Editor

Edith is an experienced financial journalist having worked for 15+ years as a correspondent for Bloomberg, Dow Jones and The Wall Street Journal covering macroeconomics, stock, currency and fixed income markets. She holds a master's degree in American Studies and Journalism.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

Visit IG
79% of retail CFD accounts lose money
Visit Oanda
78.3% of retail CFD accounts lose money
Visit Forex.com
73% of retail CFD accounts lose money

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