Brokers With USD Accounts

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James Barra
James is an investment writer with a background in financial services. He has worked as a management consultant, where he delivered large-scale operational transformational programmes at some of Europe's biggest banks. James authors, edits and fact-checks content for a series of investing websites.
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Jemma Grist
Jemma is a writer, editor and fact-checker focused on retail trading and investing. Jemma brings a unique perspective to the forex, stock, and cryptocurrency markets and works across several investment websites as a researcher and broker analyst.
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William Berg
William contributes to several investment websites, leveraging his experience as a consultant for IPOs in the Nordic market and background providing localization for forex trading software. William has worked as a writer and fact-checker for a long row of financial publications.
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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 5 best brokers that offer accounts with USD as the base currency:

Brokers With USD Accounts Comparison

Brokers With USD Accounts Comparison
Broker Minimum Deposit Instruments Platforms Visit
AvaTrade logo
- CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade Visit
OANDA US logo
$0 Forex, Crypto with Paxos (Cryptocurrencies are offered through Paxos. Paxos is a separate legal entity from OANDA) OANDA Trade, MT4, TradingView, AutoChartist Visit
Deriv.com logo
$5 CFDs, Multipliers, Forex, Stocks, Indices, Commodities Deriv Trader, MT5 Visit
Exness logo
$10 CFDs, Forex, Stocks, Indices, Commodities, Crypto Exness Trade App, MT4, MT5, TradingCentral Visit
Pepperstone logo
$0 CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto, Spread Betting MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade Visit
XM logo
$5 Forex, Stock CFDs, Turbo Stocks, Indices, Commodities, Precious Metals, Energies, Shares, Crypto, Futures MT4, MT5 Visit
IC Markets logo
$200 CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade Visit
Eightcap logo
$100 CFDs, Forex, Stocks, Indices, Commodities MT4, MT5, TradingView Visit
LiteForex Europe logo
$50 CFDs, Forex, Indices, Commodities MT4, MT5 Visit
CityIndex logo
$0 CFDs, Forex, Stocks, Cryptos, Options, Commodities, Bonds MT4, TradingView, TradingCentral Visit
DNA Markets logo
$100 CFDs, Forex, Indices, Commodities, Stocks, Crypto MT4, MT5 Visit
FOREX.com logo
$100 CFDs, Forex, Stocks, Cryptos, Futures, Options, Commodities MT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral Visit
IC Trading logo
$200 CFDs, Forex, Stocks, Indices, Commodities, Bonds, Cryptos, Futures MT4, MT5, cTrader, AutoChartist, TradingCentral Visit
eToro logo
$50 CFDs, Forex, Stocks, ETFs, Cryptos, Futures, Commodities, Bonds eToro Web, CopyTrader, TradingCentral Visit
RoboForex logo
$10 CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures R StocksTrader, MT4, MT5, TradingView Visit

#1 - AvaTrade

Why We Chose AvaTrade

AvaTrade is a leading forex and CFD broker, established in 2006 and regulated across 9 jurisdictions. Over 400,000 users have signed up with the broker which processes over 2 million trades each month. The firm offers multiple trading platforms, including MT4, MT5, and a proprietary WebTrader. 1250+ financial instruments are available for day trading, from CFDs to AvaOptions and now AvaFutures, alongside a comprehensive education center and multilingual customer support.

"AvaTrade offers the full package for short-term traders. There is powerful charting software, reliable execution, transparent fees, and fast account opening with a low minimum deposit."

- DayTrading Review Team
  • Instruments: CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures
  • Regulator: ASIC, CySEC, FSCA, ISA, CBol, FSA, FSRA, BVI, ADGM
  • Platforms: WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:30 (Retail) 1:400 (Pro)

#2 - OANDA US

Why We Chose 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.

"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."

- DayTrading Review Team
  • 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

#3 - Deriv.com

Why We Chose Deriv.com

Deriv.com is a low cost, multi-asset broker with over 2.5 million global clients. With just a $5 minimum deposit, the firm offers CFDs, multipliers and more recently accumulators, alongside proprietary synthetic products which can't be found elsewhere. Deriv provides both its own in-house charting software and the hugely popular MetaTrader 5.

"Deriv.com will suit day traders looking to make fast-paced trades using CFDs and multipliers with high leverage up to 1:1000. The broker is also the industry leader in synthetic indices, which simulate real market movements and are available around the clock. "

- DayTrading Review Team
  • Instruments: CFDs, Multipliers, Forex, Stocks, Indices, Commodities
  • Regulator: MFSA, LFSA, VFSC, BFSC
  • Platforms: Deriv Trader, MT5
  • Minimum Deposit: $5
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:1000

#4 - Exness

Why We Chose Exness

Exness is a Cyprus-based forex and CFD brokerage established in 2008. With over 800,000 clients, several awards and reputable licensing, the broker has maintained its position as a highly respected global brand. Active day traders can access the popular MT4 and MT5 platforms, raw spreads and multiple account types.

"Exness remains an accessible broker for all experience levels, though experienced day traders will particularly appreciate the ultra-low commission rates, fast withdrawals and high-quality charting software."

- DayTrading Review Team
  • Instruments: CFDs, Forex, Stocks, Indices, Commodities, Crypto
  • Regulator: FSA, CySEC, FCA, FSCA, FSC, CBCS
  • Platforms: Exness Trade App, MT4, MT5, TradingCentral
  • Minimum Deposit: $10
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:2000

#5 - Pepperstone

Why We Chose Pepperstone

Established in Australia in 2010, Pepperstone is a top-rated forex and CFD broker with over 400,000 clients worldwide. It offers access to 1,300+ instruments on leading platforms MT4, MT5, cTrader and TradingView, maintaining low, transparent fees. Pepperstone is also regulated by trusted authorities like the FCA, ASIC, and CySEC, ensuring a secure environment for day traders at all levels.

"Pepperstone stands out as a top choice for day trading, offering razor-sharp spreads, ultra-fast execution, and advanced charting platforms for experienced traders. New traders are also welcomed with no minimum deposit, extensive educational resources, and exceptional 24/7 support."

- DayTrading Review Team
  • Instruments: CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto, Spread Betting
  • Regulator: FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB
  • Platforms: MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade
  • Minimum Deposit: $0
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:30 (Retail), 1:500 (Pro)

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

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.