Brokers With USD Accounts

Written By

James Barra

Edited By

Jemma Grist

Fact Checked By

William Berg

Updated

Jun 13, 2024

Brokers with USD accounts offer a number of advantages to traders from the US, in particular. This article will outline how you can benefit from opening a USD account plus how to compare brokers on fees, platforms, assets and more. Find out if you should open a USD trading account today.

Brokers With USD Accounts

These are the 10 best brokers that offer accounts with USD as the base currency:

Click a broker for details

1

FOREX.com

Go To FOREX.com
FOREX.com Review

New Customer Bonus Offer Active Trader Program With A 15% Reduction In Costs

Ratings

Regulation & Trust 4.9 / 5

Accounts & Banking 4 / 5

Assets & Markets 4.3 / 5

Fees & Costs 4.6 / 5

Platforms & Tools 4.6 / 5

Customer Support 4.3 / 5

Research 4.8 / 5

Education 4.5 / 5

iOS App 3.6 / 5

Android App 3.8 / 5

Minimum Deposit $100

Minimum Trade 0.01 Lots

Leverage 1:50

Regulator NFA, CFTC

Instruments Forex, Stocks, Futures, Futures Options

Platforms MT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral

Payment Methods Wire Transfer, Credit Card, Debit Card, Visa, Mastercard, Skrill, Neteller, ACH Transfer

Account Currencies USD, EUR, GBP, CAD, AUD, JPY, CHF, PLN

Go To FOREX.com
2

NinjaTrader

Go To NinjaTrader
NinjaTrader Review

Ratings

Regulation & Trust 4.3 / 5

Accounts & Banking 2.8 / 5

Assets & Markets 2.9 / 5

Fees & Costs 4.3 / 5

Platforms & Tools 4.5 / 5

Customer Support 4 / 5

Research 4 / 5

Education 3.5 / 5

iOS App 3 / 5

Android App 3.2 / 5

Minimum Deposit $0

Minimum Trade 0.01 Lots

Leverage 1:50

Regulator NFA, CFTC

Instruments Forex, Stocks, Options, Commodities, Futures, Crypto

Platforms NinjaTrader Desktop, Web & Mobile, eSignal

Payment Methods ACH Transfer, Debit Card, Wire Transfer

Account Currencies USD

Go To NinjaTrader
3

Interactive Brokers

Go To Interactive Brokers
Interactive Brokers Review

Ratings

Regulation & Trust 4.5 / 5

Accounts & Banking 3.5 / 5

Assets & Markets 4.5 / 5

Fees & Costs 4.3 / 5

Platforms & Tools 3.3 / 5

Customer Support 3 / 5

Research 4.4 / 5

Education 4.3 / 5

iOS App 4.3 / 5

Android App 4.5 / 5

Minimum Deposit $0

Minimum Trade $100

Leverage 1:50

Regulator FCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB, FINMA, AFM

Instruments Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies

Platforms Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, eSignal, TradingCentral

Payment Methods Cheque, ACH Transfer, Wire Transfer, Automated Customer Account Transfer Service, TransferWise, Debit Card

Account Currencies USD, EUR, GBP, CAD, AUD, INR, JPY, SEK, NOK, DKK, CHF, AED, HUF

Go To Interactive Brokers
4

eToro USA

Go To eToro USA
eToro USA Review

New Customer Bonus Offer Invest $100 and get $10

https://www.daytrading.com/ is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD.

Ratings

Regulation & Trust 4.3 / 5

Accounts & Banking 3 / 5

Assets & Markets 3.9 / 5

Fees & Costs 3.4 / 5

Platforms & Tools 4 / 5

Customer Support 3 / 5

Research 4.3 / 5

Education 4.5 / 5

iOS App 4.3 / 5

Android App 4 / 5

Minimum Deposit $10

Minimum Trade $10

Leverage

Regulator SEC, FINRA

Instruments Stocks, Options, ETFs, Crypto

Platforms eToro Trading Platform & CopyTrader

Payment Methods ACH Transfer, Debit Card, PayPal, Wire Transfer

Account Currencies USD

Go To eToro USA
5

IG

Go To IG
IG Review

Forex trading involves risk. Losses can exceed deposits.

Ratings

Regulation & Trust 4.9 / 5

Accounts & Banking 4 / 5

Assets & Markets 4.5 / 5

Fees & Costs 3.5 / 5

Platforms & Tools 4.8 / 5

Customer Support 4.5 / 5

Research 4.9 / 5

Education 5 / 5

iOS App 4.6 / 5

Android App 4 / 5

Minimum Deposit $0

Minimum Trade 0.01 Lots

Leverage 1:30 (Retail), 1:250 (Pro)

Regulator FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA, FINMA, CONSOB, AFM

Instruments CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting

Platforms Web, ProRealTime, L2 Dealer, MT4, AutoChartist, TradingCentral

Payment Methods PayPal, Wire Transfer, Mastercard, Credit Card, Visa, Debit Card

Account Currencies USD, EUR, GBP, CAD, AUD, JPY, ZAR, SEK, DKK, CHF, HKD, SGD

Go To IG
6

Pocket Option

Go To Pocket Option
Pocket Option Review

New Customer Bonus Offer 50% Deposit Bonus

Ratings

Regulation & Trust 2 / 5

Accounts & Banking 3.5 / 5

Assets & Markets 2.5 / 5

Fees & Costs 3.5 / 5

Platforms & Tools 3.3 / 5

Customer Support 3.3 / 5

Research 3 / 5

Education 3.5 / 5

iOS App 4 / 5

Android App 4.2 / 5

Minimum Deposit $50

Minimum Trade $1

Leverage

Regulator MISA

Instruments Binary Options, Currencies, Commodities, Stocks, Indices, Cryptos

Platforms Web, MT4, MT5

Payment Methods Wire Transfer, Credit Card, Bitcoin Payments, Volet, Perfect Money, Visa, Mastercard, Debit Card, WebMoney, FasaPay, Ethereum Payments, Maestro, JetonCash, Airtel

Account Currencies USD

Go To Pocket Option
7

IQCent

Go To IQCent
IQCent Review

New Customer Bonus Offer 20% to 200% Deposit Bonus

Ratings

Regulation & Trust 2.5 / 5

Accounts & Banking 3.3 / 5

Assets & Markets 2.4 / 5

Fees & Costs 4.3 / 5

Platforms & Tools 3.8 / 5

Customer Support 2.5 / 5

Research 3 / 5

Education 2 / 5

iOS App 4.3 / 5

Android App 4.1 / 5

Minimum Deposit $250

Minimum Trade $0.01

Leverage 1:500

Regulator IFMRRC

Instruments Binary Options, CFDs, Forex, Indices, Commodities, Crypto

Platforms Online Platform, TradingView

Payment Methods Credit Card, Debit Card, Wire Transfer, Bitcoin Payments, Ethereum Payments, Visa, Mastercard

Account Currencies USD, EUR

Go To IQCent
8

OANDA US

Go To OANDA US
OANDA US Review

CFDs are not available to residents in the United States.

Ratings

Regulation & Trust 4.5 / 5

Accounts & Banking 3.5 / 5

Assets & Markets 2.8 / 5

Fees & Costs 4 / 5

Platforms & Tools 4.5 / 5

Customer Support 3.5 / 5

Research 4.3 / 5

Education 3.8 / 5

iOS App 4.7 / 5

Android App 3.7 / 5

Minimum Deposit $0

Minimum Trade 0.01 Lots

Leverage 1:50

Regulator NFA, CFTC

Instruments Forex, Crypto with Paxos (Cryptocurrencies are offered through Paxos. Paxos is a separate legal entity from OANDA)

Platforms OANDA Trade, MT4, TradingView, AutoChartist

Payment Methods Wire Transfer, Visa, Mastercard, Debit Card, ACH Transfer

Account Currencies USD, EUR, GBP, CAD, AUD, JPY, CHF, HKD, SGD

Go To OANDA US
9

RedMars

Go To RedMars
RedMars Review

Ratings

Regulation & Trust 3.3 / 5

Accounts & Banking 3.5 / 5

Assets & Markets 3.8 / 5

Fees & Costs 3.5 / 5

Platforms & Tools 3.8 / 5

Customer Support 4 / 5

Research 2.8 / 5

Education 3 / 5

iOS App 4.7 / 5

Android App 4.6 / 5

Minimum Deposit €250

Minimum Trade 0.01 Lots

Leverage 1:30 (Retail), 1:500 (Pro)

Regulator CySEC, AFM

Instruments CFDs, Forex, Stocks, Indices, Commodities, Cryptos

Platforms MT5

Payment Methods Credit Card, Wire Transfer, Debit Card, Sticpay, FasaPay, Bitcoin Payments, Trustly, PayPal, Skrill, Neteller, Klarna, Mastercard, Visa

Account Currencies USD, EUR

Go To RedMars
10

Moomoo

Go To Moomoo
Moomoo Review

New Customer Bonus Offer Get up to 15 free stocks worth up to $2000

Ratings

Regulation & Trust 4.8 / 5

Accounts & Banking 3.3 / 5

Assets & Markets 3 / 5

Fees & Costs 3.8 / 5

Platforms & Tools 3 / 5

Customer Support 2 / 5

Research 3.8 / 5

Education 4.4 / 5

iOS App 4.6 / 5

Android App 3.3 / 5

Minimum Deposit $0

Minimum Trade $0

Leverage 1:2

Regulator SEC, FINRA, MAS, ASIC, SFC

Instruments Stocks, Options, ETFs, ADRs, OTCs

Platforms Desktop Platform, Mobile App

Payment Methods Wire Transfer, ACH Transfer

Account Currencies USD, HKD, SGD

Go To Moomoo

This is why we think these brokers are the best in this category:

FOREX.com - Founded in 1999, FOREX.com is now part of StoneX, a financial services organization serving over one million customers worldwide. Regulated in the US, UK, EU, Australia and beyond, the broker offers thousands of markets, not just forex, and provides excellent pricing on cutting-edge platforms.
NinjaTrader - NinjaTrader is a US-headquartered and regulated brokerage that specializes in futures trading. There are three pricing plans to suit different needs and budgets, as well as ultra-low margins on popular contracts. The brand's award-winning charting software and trading platform also offers a high-degree of customization and superb technical analysis features.
Interactive Brokers - Interactive Brokers (IBKR) is a premier brokerage, providing access to 150 markets in 33 countries, along with a suite of comprehensive investment services. With over 40 years of experience, this Nasdaq-listed firm adheres to stringent regulations by the SEC, FCA, CIRO, and SFC, amongst others, and is one of the most trusted brokers for trading around the globe.
eToro USA - eToro is a social investing platform that offers short-term and long-term trading on stocks, ETFs, options and crypto. The broker is well-known for its user-friendly community-centred platform and competitive fees. With FINRA and SIPC oversight and millions of users across the world, eToro is still one of the most respected brands in the industry. eToro securities trading is offered by eToro USA Securities, Inc.
IG - Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand-US offers spread betting, CFD and forex trading across an almost unrivalled selection of 17,000+ markets, with a range of user-friendly platforms and investing apps. For 50 years, IG has maintained its position as an industry leader, excelling in all key areas for traders.
Pocket Option - Established in 2017, Pocket Option is a binary options broker offering high/low contracts on forex, stocks, indices, commodities and cryptocurrencies. With over 100,000 active users and a global reach, the platform continues to prove popular with budding traders.
IQCent - IQCent is an offshore binary options and CFD broker based in the Marshall Islands. The brand continues to offer a range of unique account types with bonuses and perks, including payout boosts, TradeBacks and free rollovers. With 100+ assets, around-the-clock trading and 98% payouts, the firm is popular with aspiring short-term traders.
OANDA US - OANDA is a popular brand offering exceptional execution, low deposit requirements and advanced charting and trading platform features. The top-rated brand has over 25 years of experience and is regulated by trusted agencies, including the NFA/CFTC. Around the clock support is available for short-term traders, alongside flexible contract sizes and automated trade executions.
RedMars - Launched in 2020, Cyprus-based RedMars offers competitive spreads on more than 300 instruments and leverage up to 1:500. Three accounts are available - Standard, Pro and VIP - serving a range of budgets and experience levels, with a fast and fully digital account opening process.
Moomoo - Moomoo is an SEC-regulated app-based investment platform that offers a straightforward and affordable way to invest in Chinese, Hong Kong, Singaporean, Australian and US stocks, ETFs and other assets. Margin trading is available and the brand offers a zero-deposit account as well as several bonuses.

Brokers With USD Accounts Comparison

Brokers With USD Accounts Comparison
Minimum Deposit	Instruments	Platforms
$100	Forex, Stocks, Futures, Futures Options	MT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral
$0	Forex, Stocks, Options, Commodities, Futures, Crypto	NinjaTrader Desktop, Web & Mobile, eSignal
$0	Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies	Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, eSignal, TradingCentral
$10	Stocks, Options, ETFs, Crypto	eToro Trading Platform & CopyTrader
$0	CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting	Web, ProRealTime, L2 Dealer, MT4, AutoChartist, TradingCentral
$50	Binary Options, Currencies, Commodities, Stocks, Indices, Cryptos	Web, MT4, MT5
$250	Binary Options, CFDs, Forex, Indices, Commodities, Crypto	Online Platform, TradingView
$0	Forex, Crypto with Paxos (Cryptocurrencies are offered through Paxos. Paxos is a separate legal entity from OANDA)	OANDA Trade, MT4, TradingView, AutoChartist
€250	CFDs, Forex, Stocks, Indices, Commodities, Cryptos	MT5
$0	Stocks, Options, ETFs, ADRs, OTCs	Desktop Platform, Mobile App

FOREX.com

"FOREX.com remains a best-in-class brokerage for active forex traders of all experience levels, with over 80 currency pairs, tight spreads from 0.0 pips and low commissions. The powerful charting platforms collectively offer over 100 technical indicators, as well as extensive research tools."
Christian Harris, Reviewer

FOREX.com Quick Facts

Bonus Offer	Active Trader Program With A 15% Reduction In Costs
Demo Account	Yes
Instruments	Forex, Stocks, Futures, Futures Options
Regulator	NFA, CFTC
Platforms	MT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral
Minimum Deposit	$100
Minimum Trade	0.01 Lots
Leverage	1:50
Account Currencies	USD, EUR, GBP, CAD, AUD, JPY, CHF, PLN

Pros

The in-house Web Trader continues to shine as one of the best-designed platforms for aspiring day traders with a slick design and over 80 technical indicators for market analysis.
FOREX.com offers industry-leading forex pricing starting from 0.0 pips, alongside competitive cashback rebates of up to 15% for serious day traders.
There’s a wealth of educational resources including tutorials, webinars, and a stacked YouTube channel to help you get educated in the financial markets.

Cons

FOREX.com's MT4 platform offers approximately 600 instruments, significantly fewer than the over 5,500 available on its non-MetaTrader platforms.
There’s no negative balance protection for US clients, so you may find yourself owing more money than your initial deposit into your account.
Funding options are limited compared to leading alternatives like IC Markets and don’t include many popular e-wallets, notably UnionPay and POLi.

Visit FOREX.com

FOREX.com Review

NinjaTrader

"NinjaTrader continues to meet the demands of active futures traders looking for low fees and premium analysis tools. The platform hosts top-rate charting features including hundreds of indicators and 10+ chart types."
Tobias Robinson, Reviewer

NinjaTrader Quick Facts

Demo Account	Yes
Instruments	Forex, Stocks, Options, Commodities, Futures, Crypto
Regulator	NFA, CFTC
Platforms	NinjaTrader Desktop, Web & Mobile, eSignal
Minimum Deposit	$0
Minimum Trade	0.01 Lots
Leverage	1:50
Account Currencies	USD

Pros

Low fees are offered, with $50 day trading margins & commissions from $.09 per micro contract
NinjaTrader continues to deliver comprehensive charting software for active day traders with bespoke technical indicators and widgets
You can get thousands of add-ons and applications from developers in 150+ countries

Cons

The premium platform tools come with an extra charge
Non forex and futures trading requires signing up with partner brokers
There is a withdrawal fee on some funding methods

Visit NinjaTrader

NinjaTrader Review

Interactive Brokers

"Interactive Brokers is one of the best brokers for advanced day traders, providing powerful charting platforms, real-time data, and customizable layouts, notably through the new IBKR Desktop application. Its superb pricing and advanced order options also make it highly attractive for day traders, while its diverse range of equities is still among the best in the industry."
Christian Harris, Reviewer

Interactive Brokers Quick Facts

Demo Account	Yes
Instruments	Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies
Regulator	FCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB, FINMA, AFM
Platforms	Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, eSignal, TradingCentral
Minimum Deposit	$0
Minimum Trade	$100
Leverage	1:50
Account Currencies	USD, EUR, GBP, CAD, AUD, INR, JPY, SEK, NOK, DKK, CHF, AED, HUF

Pros

The new IBKR Desktop platform takes the best of TWS while adding bespoke tools like Option Lattice and Screeners with MultiSort to create a genuinely impressive trading experience for day traders at every level.
IBKR continues to deliver unmatched access to global stocks with tens of thousands of equities available from 100+ market centres in 24 countries.
With low commissions, tight spreads and a transparent fee structure, IBKR delivers a cost-effective environment for short-term traders.

Cons

Support can be slow and frustrating based on tests, so you might find it challenging to reach customer service representatives promptly or encounter delays in resolving issues.
TWS’s learning curve is steep, and beginners may find it challenging to navigate the platform and understand all the features. Plus500's web platform is much better suited to new traders.
IBKR provides a wide range of research tools, but their distribution across trading platforms and the web-based 'Account Management' page lacks consistency, leading to a confusing user experience.

Visit Interactive Brokers

Interactive Brokers Review

eToro USA

"eToro remains a top pick for traders looking for leading social investing and copy trading services. With a low deposit, zero commissions and an intuitive platform, the broker will meet the needs of newer day traders."
Jemma Grist, Reviewer

eToro USA Quick Facts

Bonus Offer	Invest $100 and get $10
Demo Account	Yes
Instruments	Stocks, Options, ETFs, Crypto
Regulator	SEC, FINRA
Platforms	eToro Trading Platform & CopyTrader
Minimum Deposit	$10
Minimum Trade	$10
Account Currencies	USD

Pros

Investors can access Smart Portfolios for a more hands-off approach, covering a range of sectors and markets such as renewable energy and artificial intelligence
The online broker offers an intuitive social investment network with straightforward copy trading on cryptos
A free demo account means new users and prospective day traders can try the broker risk-free

Cons

The proprietary terminal doesn't support trading bots and there are no additional stock market analysis tools
Average fees may cut into the profit margins of day traders
There's a narrower range of day trading instruments available compared to competitors, with only stocks, ETFs and cryptos

Visit eToro USA

eToro USA Review

IG

"IG continues to provide a comprehensive package with an intuitive web platform and best-in-class education for beginners, plus advanced charting tools, real-time data, and fast execution speeds for experienced day traders."
Christian Harris, Reviewer

IG Quick Facts

Demo Account	Yes
Instruments	CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting
Regulator	FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA, FINMA, CONSOB, AFM
Platforms	Web, ProRealTime, L2 Dealer, MT4, AutoChartist, TradingCentral
Minimum Deposit	$0
Minimum Trade	0.01 Lots
Leverage	1:30 (Retail), 1:250 (Pro)
Account Currencies	USD, EUR, GBP, CAD, AUD, JPY, ZAR, SEK, DKK, CHF, HKD, SGD

Pros

The IG app offers a superb mobile trading experience with a clean design that helped it secure Runner Up at our Best Trading App award
The proprietary web-based platform continues to caters to traders of all levels, with advanced charting tools and real-time market data useful for day trading
IG is amongst the best in terms of its range of instruments, which includes stocks, forex, indices, commodities, and cryptocurrencies, plus recently added US-listed futures and options, providing ample diversification opportunities

Cons

While there is negative balance protection in the UK and EU, there is no account protection or guaranteed stop losses for US clients
Stock and CFD spreads still trail the cheapest brokers like CMC Markets based on tests
Beginners might find IG’s fee structure complex, with various fees for different types of trades or services, potentially leading to confusion or unexpected charges

Visit IG

IG Review

Pocket Option

"Pocket Option excels for its easy-to-use web platform which provides a best-in-class user experience for short-term binary traders. The $50 minimum deposit is also accessible for beginners while opening an account is really easy. Looking at the negatives, Pocket Option still trails alternatives in its market offering and regulatory credentials."
Jemma Grist, Reviewer

Pocket Option Quick Facts

Bonus Offer	50% Deposit Bonus
Demo Account	Yes
Instruments	Binary Options, Currencies, Commodities, Stocks, Indices, Cryptos
Regulator	MISA
Platforms	Web, MT4, MT5
Minimum Deposit	$50
Minimum Trade	$1
Account Currencies	USD

Pros

Extremely fast and smooth sign-up process that takes less than 2 minutes
The web platform shines for its straightforward design and usability that will appeal to beginners looking to speculate on popular financial markets in a few clicks
Well-funded traders who deposit $1000+ can qualify for a 2%+ payout boost, more tradable assets and exclusive perks

Cons

The maximum binary contract length of 4 hours is restrictive for longer-term trading strategies. Alternatives like Videforex offer binaries up to 1 month
Despite offering competitive payouts up to 92%, binary brokers like IQCent offer higher returns up to 98% based on tests
Pocket Option offers a slimmed down iteration of the MT4 and MT5 that doesn't provide the full charting package for advanced traders

Visit Pocket Option

Pocket Option Review

IQCent

"IQCent will appeal to day traders looking for a straightforward binary options and CFD trading platform with low fees, a range of accounts, and copy trading. Getting started takes less than 1 minute and a $250 deposit. "
Jemma Grist, Reviewer

IQCent Quick Facts

Bonus Offer	20% to 200% Deposit Bonus
Demo Account	Yes
Instruments	Binary Options, CFDs, Forex, Indices, Commodities, Crypto
Regulator	IFMRRC
Platforms	Online Platform, TradingView
Minimum Deposit	$250
Minimum Trade	$0.01
Leverage	1:500
Account Currencies	USD, EUR

Pros

CFD trading fees are competitive based on tests, including 0.7 pips on major forex pairs such as EUR/USD
The proprietary terminal offers TradingView-powered charts which deliver dozens of technical indicators and studies
IQCent is one of the few binary options brokers that also offers a copy trading service for hands-off traders

Cons

The broker is not overseen by a respected regulator, though this is common among binary options firms
There's no automated trading support for algo traders
The market analysis is very basic with limited technical summaries and insights from analysts

Visit IQCent

IQCent Review

OANDA US

"OANDA remains an excellent broker for US day traders seeking a user-friendly platform with premium analysis tools and a straightforward joining process. OANDA is also heavily regulated with a very high trust score."
Jemma Grist, Reviewer

OANDA US Quick Facts

Demo Account	Yes
Instruments	Forex, Crypto with Paxos (Cryptocurrencies are offered through Paxos. Paxos is a separate legal entity from OANDA)
Regulator	NFA, CFTC
Platforms	OANDA Trade, MT4, TradingView, AutoChartist
Minimum Deposit	$0
Minimum Trade	0.01 Lots
Leverage	1:50
Account Currencies	USD, EUR, GBP, CAD, AUD, JPY, CHF, HKD, SGD

Pros

There's a strong selection of 68 currency pairs for dedicated short-term forex traders
The broker offers a transparent pricing structure with no hidden charges
Beginners can get started easily with $0 minimum initial deposit

Cons

The range of day trading markets is limited to forex and cryptos only
It's a shame that customer support is not available on weekends
There's only a small range of payment methods available, with no e-wallets supported

Visit OANDA US

OANDA US Review

RedMars

"RedMars is the best fit for experienced day traders familiar with the MetaTrader 5 platform and based in the EU, where the broker is authorized by the CySEC. However, the threadbare education and research tools make it unsuitable for beginners."
Christian Harris, Reviewer

RedMars Quick Facts

Demo Account	Yes
Instruments	CFDs, Forex, Stocks, Indices, Commodities, Cryptos
Regulator	CySEC, AFM
Platforms	MT5
Minimum Deposit	€250
Minimum Trade	0.01 Lots
Leverage	1:30 (Retail), 1:500 (Pro)
Account Currencies	USD, EUR

Pros

Getting started on RedMars is incredibly easy - you can be up and running in just a few minutes based on tests
The broker is one of a limited number of firms to offer an account specially designed for VIPs with premium support and invites to exclusive events
Clients in the EU, in particular, can trade with peace of mind knowing RedMars is authorized by the CySEC with up to €20K compensation available through the ICF in the event of bankruptcy

Cons

The no-frills trading environment offers little beyond the basics, with no Islamic account, PAMM account or copy trading.
With just 300 instruments, RedMars offers a narrow trading environment, particularly compared to category leaders like BlackBull Markets which offers 26,000 assets
RedMars falls short for newer traders, with little in the way of education, no beginner-friendly platform, a steep minimum deposit, and inadequate support during testing

Visit RedMars

RedMars Review

Moomoo

"Moomoo remains an excellent choice for new and intermediate stock traders who want to build a diverse investment portfolio. What really stands out is the broker's user-friendly app and the low trading fees."
Jemma Grist, Reviewer

Moomoo Quick Facts

Bonus Offer	Get up to 15 free stocks worth up to $2000
Demo Account	Yes
Instruments	Stocks, Options, ETFs, ADRs, OTCs
Regulator	SEC, FINRA, MAS, ASIC, SFC
Platforms	Desktop Platform, Mobile App
Minimum Deposit	$0
Minimum Trade	$0
Leverage	1:2
Account Currencies	USD, HKD, SGD

Pros

The ‘Moomoo Token’ generates dynamic passwords for transaction security - a unique and helpful safety feature
The broker offers access to extended pre-market trading hours
There is no minimum deposit requirement making the broker accessible for beginners

Cons

It's a shame that there is no 2 factor authentication (2FA), despite the other security features on offer
There is no negative balance protection, which is a common safety feature at top-tier-regulated brokers
There is no phone or live chat support - common options at most other brokers

Visit Moomoo

Moomoo Review

What Is A USD Account?

Brokers with a USD account allow you to trade with the US dollar as your base currency. This comes with key advantages for traders who are registered as citizens in the US. For example, when buying or selling US denominated securities, you won’t need to pay currency conversion charges.

You are still able to trade in these markets with an account registered in another currency, however, you may be subject to conversion fees that can add up if you place frequent trades.

Some brokers with a USD account allow you to register with two currencies i.e. US dollar and a Canadian dollar ‘side’. This enables traders to hold cash and securities in both currencies under the same account. Additionally, if you have already registered in another base currency, some brokers with a USD account allow you to change this on their platform.

Pros Of Brokers With USD Accounts

Convenience: Registering for a broker with a USD account saves you from having to factor in exchange rates. When funding your account, you can instantly know how much money is coming out of your balance. Also, if you invest in USD forex trading pairs, risk management is less complicated as losses and profits are calculated in the US dollar.
Taxes: Trading with an account in another currency can become complex when reporting your income in a foreign currency. As a result, a USD account may simplify your annual tax submission.
Payment methods: USD accounts are likely to have deposit and withdrawal options that are free, easy to use and accessible to traders worldwide. Furthermore, processing times are likely to be rapid with instant funding across many deposit options.
Fees: A key advantage of signing up for a broker with a USD account is removing currency conversion fees. If you’re based in the US or trade large volumes of major FX pairs, this can help reduce fees that would otherwise eat into profits.
Regulation: Brokers with USD accounts are often regulated by reputable financial bodies, such as the Securities & Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) in the US, plus the Cyprus Securities and Exchange Commission (CySEC) in Europe. This provides added protection for retail traders.

How To Check If A Broker Offers A USD Account

Some brokers with a USD account clearly advertise this option while others require a bit of research. Firstly, check on the broker’s website under the accounts section. Here, a USD base currency account may be listed. If you’re still unsure, check with the company’s customer support team.

How To Compare Brokers With USD Accounts

Once you’ve identified brokers with USD accounts, there are a few factors to consider before signing up.

Fees

There are several fees a broker may charge which can impact your bottom line. Check the commission rates and compare spreads during periods of high liquidity as both can cut into profits, especially for active day traders. Other charges to look out for include overnight rollover costs and account inactivity fees.

Platforms

Look for brokers with USD accounts that offer the best trading platforms and tools. A beginner may benefit from the popular MetaTrader 4 while experienced investors looking to implement sophisticated automated trading algorithms may prefer MetaTrader 5. Many of the top platforms have also introduced copy trading services in recent years.

Regulation

Choosing a regulated broker with a USD account is sensible. Licensed brokers are governed by strict rules that protect retail traders from fraud or significant trading risks.

For US traders, in particular, check the broker is licensed with the SEC or CFTFC on the respective website. For international traders, regulatory oversight from the likes of the CySEC or FCA is a good sign that the online broker is legitimate and trustworthy.

Assets

Ensure the broker offers favourable conditions on the assets you want to trade. A good broker will offer a wide range of instruments, from forex and stocks to cryptos and precious metals. The best brokers with USD accounts make trading in US dollar denominated securities straightforward and hassle-free.

Mobile App

Many of the top brokers with USD accounts offer a user-friendly mobile application where you can make deposits, analyse the markets, and take positions. Most mobile trading apps are free to download from the respective app store.

Demo Account

Brokers with live USD accounts may also offer a demo account. This is a great way to test the platform with virtual funds before risking your own dollars. Once you’re comfortable with the broker’s services you can upgrade to a real-money trading account.

Final Word; Brokers With USD Accounts

Brokers with a USD account can help streamline the trading experience for users from the US and those actively investing in the forex market. They can help cut currency conversion fees and offer straightforward access to popular trading assets. Fortunately, many of the best online platforms now offer USD accounts. See our list for our top picks.

FAQ

How Do I Open A USD Trading Account?

You can sign up for a USD trading account on a broker’s website. There will usually be a ‘Sign Up’ button followed by on-screen instructions. Depending on the account type, you will need to fill in personal details, answer questions about your investing knowledge and provide identification documents. You should then be able to pick the USD account option.

Which Online Brokers Offer A USD Account?

Reliable brokers with a USD account include Pepperstone, Plus 500 and CMC Markets. All these platforms are regulated and offer extensive access to popular assets including forex, stocks and cryptocurrencies. See our table for more options.

How Do I Switch To A Broker With A USD Account?

Firstly, check if your current broker will let you switch from your existing currency to a USD account. You can contact the broker’s customer service team for assistance. If it’s not possible, you may need to withdraw your balance and open a new account with the US dollar as the base currency.

Why Should I Trade With Brokers With A USD Account?

The main benefit is avoiding currency conversion fees. USD accounts can also make for a convenient trading experience, offering easy market access with straightforward deposits and withdrawals.

Who Regulates Brokers With USD Accounts?

The main regulatory bodies that protect US retail traders are the Securities & Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). The United Kingdom’s Financial Conduct Authority (FCA) and the Cyprus Securities & Exchange Commission (CySEC) also govern many international trading brokers.