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Top 5 Best NFA Regulated Forex Brokers 2025
In this guide
- 1. Top 5 Best NFA Regulated Forex Brokers 2025
- 2. Best 5 NFA regulated brokers overall
- 3. What are the best NFA regulated brokers?
- 4. Top 5 NFA regulated forex brokers, reviewed
- 5. What is an NFA regulated broker?
- 6. Benefits of using an NFA regulated forex broker
- 7. How to check if a forex broker is regulated by the NFA
- 8. How should I choose a NFA regulated FX platform?
- 9. Should I use a NFA forex broker?
- 10. Methodology: How did we choose the best NFA regulated forex platforms?
- 11. FAQs
Trade your favourite markets with our top-rated broker, .
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Our trading experts have investigated, tested, and reviewed the best NFA regulated forex brokers and you can find which platforms are ranked the best on this page. Read on to learn what NFA regulation means and how to choose the best broker for your needs.
Best 5 NFA regulated brokers overall
Copy link to sectionWhat are the best NFA regulated brokers?
Copy link to sectionYou can find the best NFA regulated brokers below to trade forex. Click on any of the links to open an account in a few minutes, or continue scrolling to learn more about each platform.
Crypto investments are risky and highly volatile. Tax may apply. Understand the risks here https://etoro.tw/3PI44nZ.
Plus500
This information is NOT relevant to EU residents who are to be serviced by EU subsidiaries of the Plus500 Group, such as Plus500CY Ltd, authorized by CySEC (Reg. 250/14). Different regulatory requirements apply in Europe, such as leverage limitations and bonus restrictions.
Top 5 NFA regulated forex brokers, reviewed
Copy link to sectionWe found 3 forex brokers for users based in
1. eToro. Best for beginners, copy-trading & demo-account
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Overview
We love eToro because it’s a crypto trading platform built with beginners and casual traders in mind. The platform combines an interactive, social trading experience with an easy-to-use interface, making it ideal for novice traders.
The far-reaching catalog of 100 cryptocurrencies includes big names like Bitcoin and Ethereum, as well as smaller crypto tokens with high growth potential. Some supported tokens can be seamlessly transferred to the eToro Money crypto wallet for safekeeping.
One feature we particularly appreciate is the ability to interact with eToro’s 35 million users on any asset, market, or portfolio page. If you find traders whose strategies match your risk tolerance, you can copy their portfolios automatically using eToro’s flagship copy trading functionality. eToro crypto’s Smart Portfolios offer a great entry point into digital currencies, an opportunity to learn and potentially benefit from the expertise of more experienced traders.
If you don’t feel comfortable investing your cash straight away, you can use a free demo account, credited with $100,000 virtual dollars. This offers plenty of opportunities to try out a trading strategy that works for you across the 100 crypto tokens available.
Highlights
| No. of tradable assets | 3600+ |
| Min. Deposit | $100 |
| ID verification required | Yes |
| Free demo account | Yes |
| Supported assets | Stock CFDs, ETF CFDs, Forex CFDs, Index CFDs, Commodity CFDs, NFTs, Crypto |
| Mobile trading app | Yes |
| Web trading platform | Yes |
| Regulatory bodies | ASIC, FCA, CySEC, FinCEN |
Fees & Costs
| Trading fees | Yes, on certain assets |
| Inactivity fees | Yes |
| Rollover/overnight fees | Yes, on CFDs |
| Withdrawal fees | Yes |
| Spreads | Yes, on certain assets |
| Conversion fees | Yes, for non-USD currencies |
Pros & Cons
Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Invezz.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB.
2. Plus500. Best for international trading*
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Overview
We love Plus500 because it is one of the industry’s most transparent and reliable brokers. Its fees are clear and you’ll know exactly what you will be paying before you make a trade. Its technology driven platform gives access to futures contracts for some of the biggest indices.
Plus500 has something for all types of traders, no matter what level of experience. Its low margin requirements (starting at $100) and different contracts make it a top choice for day traders. At the same time, its trading academy is packed with educational content, perfect for beginners just starting.
For accurate instrument availability, visit plus500.com.
The fees: Plus500 charges a commission of $0.49 per Micro contract and $0.89 per Standard contract (per side). There is an Auto-Liquidation fee of $10 per contract. Other exchange fees may be applicable and can be found on the CME group website.
*Based on a comparison of 60+ leading brokers and trading platforms.
Highlights
| No. of tradable assets | 2800+ |
| Min. Deposit | $100 |
| ID verification required | Yes |
| Free demo account | Yes |
| Supported assets | Stock CFDs, ETF CFDs, Forex CFDs, Crypto CFDs, Index CFDs, Commodity CFDs |
| Mobile trading app | Yes |
| Web trading platform | Yes |
| Regulatory bodies | FSA, ASIC, FMA, FCA, CySEC |
Fees & Costs
| Trading fees | No | Yes, on certain assets | No |
| Inactivity fees | Yes | Yes | Yes |
| Rollover/overnight fees | Yes | Yes, on CFDs | Yes |
| Withdrawal fees | No | Yes | No |
| Spreads | Yes | Yes, on certain assets | Yes |
| Conversion fees | Yes | Yes, for non-USD currencies | Yes |
Pros & Cons
This information is NOT relevant to EU residents who are to be serviced by EU subsidiaries of the Plus500 Group, such as Plus500CY Ltd, authorized by CySEC (Reg. 250/14). Different regulatory requirements apply in Europe, such as leverage limitations and bonus restrictions.
What is an NFA regulated broker?
Copy link to sectionIt’s a broker that is regulated by the National Futures Association (NFA) in the United States. The NFA is an independent organisation that oversees and governs the forex industry in the U.S. Its main objective is to protect traders and investors.
Brokers operating in the U.S. must meet specific requirements and comply with NFA rules and regulations. Some of these requirements include holding a minimum of $20,000,000 in capital
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www.nfa.futures.org
https://www.nfa.futures.org/rulebooksql/rules.aspx?Section=7
, providing transparent pricing and execution, and ensuring the safety of client funds.
Benefits of using an NFA regulated forex broker
Copy link to sectionUsing a forex broker regulated by the National Futures Association has many benefits. Here are a few of the main ones.
- Security. NFA regulated forex brokers must comply with strict rules and regulations which are in place to protect traders and investors. These regulations can give traders greater confidence that the broker is operating fairly and transparently.
- Segregated client funds. One of the key benefits of NFA regulation is the requirement for brokers to keep clients’ funds in a different account than their own. This means in the event of a broker facing financial difficulties, it won’t be able to use clients’ funds to sustain its business operation.
- Transparent pricing and execution. A forex broker regulated by the National Futures Association is required to provide transparent pricing and execution.
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www.nfa.futures.org
https://www.nfa.futures.org/rulebooksql/rules.aspx
This makes it very difficult for a broker to manipulate prices or orders and gives traders confidence that their trades will be executed promptly and efficiently.
- Dispute resolution. The NFA offers a dispute resolution
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www.nfa.futures.org
https://www.nfa.futures.org/Arbodr/arb-home.aspx?ReturnUrl=%2fARBODR#:~:text=Member%20Arbitration%20is%20designed%20for,file%20your%20Claim%20at%20NFA.
process that aims to help resolve issues in a fair and impartial manner. If you ever have a problem with a forex broker in the United States, the NFA will help resolve the issue fairly.
How to check if a forex broker is regulated by the NFA
Copy link to sectionYou can check if a forex broker is regulated by the NFA very easily; the process takes just a few minutes, and here’s how to do it:
Step 1. Go to the NFA’s website
Copy link to sectionVisit the NFA’s official website, where you can look up any broker to check its status.
Step 2. Search for the broker
Copy link to sectionOnce on the NFA’s website homepage, click the blue button at the top right corner that says ‘BASIC’. Now search for the broker using either its name or NFA ID.
Step 3. Check the results
Copy link to sectionNow you can check the search results, which will let you know if the broker is regulated by the NFA and any disciplinary history it may have.
How should I choose a NFA regulated FX platform?
Copy link to sectionYou should consider a few features when choosing an NFA regulated forex broker. What to look for will depend on what type of trader you are or your experience level. Here’s a quick look at how you should choose the best NFA regulated forex broker.
Use a broker with an easy to use platform.
Copy link to sectionForex brokers offer several options when it comes to trading platforms, so you’ll usually have a choice. Make sure you go with a broker with a platform that’s easy to use, has a range of tools and features, and is compatible with your hardware.
Check the broker’s regulatory record.
Copy link to sectionJust because the NFA regulates a forex broker doesn’t mean you should trust it. You can check its regulatory history on the NFA website, which is a good way to determine if it has been in trouble. Stay away if you find a platform with a long history of issues.
Consider spreads, commissions, and fees.
Copy link to sectionLook for a broker that offers competitive spreads, low commissions, and fees. Costs are unavoidable when trading forex, but it will help your profits to keep them down, so make sure you check what you’ll pay before signing up. Here is a look at the spreads and fees charged by the top 3 NFA forex brokers in 2025:
| Asset | eToro fees | Plus500 fees | Revolut fees |
|---|---|---|---|
| Crypto | 1% | From 2% | – |
| Commodities | From 2 pips | From 0.04% | – |
| Forex | From 1 pip | – | – |
| Index prices | From 0.75 pts | From 0.7% | – |
| Stocks | 0% commission | From 0.08% | – |
| Stock CFDs | 0.15% | – | – |
| ETF CFDs | 0.15% | – | – |
| View more > | eToro > | Plus500 > | Revolut > |
| Product | eToro spreads | Plus500 spreads | Revolut spreads |
|---|---|---|---|
| Stock CFDs | 0.15% | 0.10% | – |
| ETF CFDs | 0.15% | 0.10% | – |
| Forex CFDs | From 1 pip | 0.8 pips | – |
| Crypto | 1% | – | – |
| Index CFDs | From 0.75 points | 0.20% | – |
| Commodity CFDs | From 2 pips | 0.50% | – |
| View all tradable assets > | eToro > | Plus500 > | Revolut > |
Make sure the broker offers the markets you want.
Copy link to sectionSome forex brokers are limited in the markets they offer. Most will have the majors, but if you trade exotic pairs, you’ll need to find a platform that has them available.
| Product | eToro assets | Plus500 assets | Revolut assets |
|---|---|---|---|
| Stock CFDs | 3117 | 1,800+ | – |
| ETF CFDs | 317 | 100+ | – |
| Forex CFDs | 49 | 50+ | – |
| Crypto | 73 | – | – |
| Index CFDs | 20 | 20+ | – |
| Commodity CFDs | 26 | 20+ | – |
| NFTs | 100,000 | – | – |
| View more > | eToro > | Plus500 > | Revolut > |
Exact figures may vary. NFTs are accessed through Delta, an NFT explorer app which is owned and operated by eToro.
Use a secure broker.
Copy link to sectionSecurity is an important feature when trading, so make sure you use a broker who takes it seriously. Look for a broker that uses encryption to protect your personal and financial information.
Should I use a NFA forex broker?
Copy link to sectionIf you are a resident of the United States, then using an NFA regulated forex broker is your only realistic option. While it is possible to use an offshore broker, the best way to trade forex from the U.S. is to go with a broker regulated by the National Futures Association.
NFA regulations are in place to protect retail traders, and the requirements to become regulated are high, meaning only the best forex brokers make the cut. One such requirement is the minimum amount of $20,000,000 in capital. This is considerably higher than other regulators have set, meaning a broker to operate it legally needs a large amount of money behind it.
Another benefit of using an NFA forex broker is the amount of leverage you can obtain. In the United States, it is possible to trade with 50:1, which is more than you can achieve with other regulatory bodies such as CySEC. The main negative is the inability to trade CFDs, which the NFA bans, so if you want to trade them, you’ll have to look elsewhere.
What are the risks of using a NFA broker?
Copy link to sectionThe main risk of using an NFA broker is losing your money, although this is largely down to your trading results instead of foul play on a broker’s part. Here are a few pros and cons of using an NFA forex trading broker.
Benefits
Copy link to section- You can trade with leverage
- Your funds are kept in segregated accounts
- There is a high capital requirement meaning on the best brokers obtain regulation
- It is easy to find out if a broker has a clean regulatory history
Risks
Copy link to sectionWhat are the fees for using a forex broker regulated by the NFA?
Copy link to sectionThe main fees you may incur include spreads, commissions, and payment charges. Spread is the difference between the buy and sell price of any currency pair, and depending on the type of broker you use, it can be very low, fixed, or variable. Some brokers charge commissions for facilitating a trade.
Some trading platforms charge you when you deposit or withdraw money using certain payment methods. Other fees could be for advanced charting packages, signals, or a broker’s VPN service.
Methodology: How did we choose the best NFA regulated forex platforms?
Copy link to sectionOur forex experts tested each platform on this page and scored each one for several features. The testing included opening an account, depositing funds, placing a trade, and withdrawing funds. We also looked at various aspects of each platform, such as spreads, commissions, payment charges, and other fees. We also checked each one’s NFA regulatory status.
Our evaluation was not solely based on our findings but also considered online reviews and research. You can find an in-depth analysis of each of the brokers we have included in our comparison guide. Our rankings are not influenced by any broker, however, we may receive a commission if you register an account using a link on this page.
Please visit our full review process page for further information about our methodology
