Look at the U.S. everyday forex market right now, and you will see a strange mix of facts.

The market just grew by 11% in a single year, hitting over 186,000 active traders. $2.33 trillion changes hands daily.

Yet, if you talk to actual everyday traders, especially those just starting out, they will tell you most platforms feel like they were built in 2010.

If you are a business owner or investor looking at the forex space, you do not need to rebuild OANDA from scratch. You just need to understand where the current giants are dropping the ball. I have broken down the 10 largest contenders for the Best Forex Trading Platform in USA with their unique and missing points.

Key Highlights
Why US Forex Market is Booming at this moment 📈
Key Metrics 📊 and Gaps 🔍 of Top Forex Trading Platforms in USA 🏆
How Entrepreneurs can capitalize on the gap for a successful venture 🚀

Why the U.S. Forex Market is a Goldmine Right Now

First, let’s look at the actual math. The U.S. accounts for nearly a fifth of all global forex trading. 

Right now, just three platforms OANDA, FOREX.com, and Interactive Brokers, hold about 80% of U.S. customer forex assets.

The global market for the Best Forex Trading Platform in USA is expected to double by 2032. We are seeing heavy use of smart computers and learning software behind the scenes. 

But on the screen, what does the user see? Traders are still drowning in overly hard-to-use screens. The background tech is getting smarter, but the user experience is largely stuck in the past.

For startups, businesses, and institutional investors, this is the best moment to findout the strong and weak spots. And take note of it and start your own forex trading platform in USA.

10 Best Forex Trading Platform in USA

Here comes the best forex trading platforms of USA with a deep analysis of their pros and cons. Come on, let’s get to the core of our content.

#1 OANDA

OANDA has been around since 1996, and it survives entirely on trust. Operating under eight different global rule-making groups (including the CFTC and NFA) gives them a level of safety that most new brokers can only dream of. 

  • Fees start at 0.6 pips (or 0.1 on core pricing)
  • Offering over 70 currency pairs

They also completely got rid of minimum deposits, which is a huge way to get new users. 

What they get right: Order speed. Their fxTrade system processes trades in a fraction of a second. During wild market days, professional traders actually notice the difference.

The missing piece: The mobile phone experience is clunky. If a first-time trader downloads the app, the huge number of features usually overwhelms them within the first half hour. It is a massive reason people leave.

#2 FOREX.com 

Owned by StoneX Group, this top candidate for the Best Forex Trading Platform in USA. It has the giant bank accounts to back up serious trading volume. 

  • You can get base fees down to 0.0 pips (with a $7 fee per 100k traded)
  • Covering 80+ pairs

What they get right: They put a live Reuters news feed straight into the main trading screen. Tying real-time news directly to charting tools keeps users from leaving the app to check Twitter or Bloomberg. It is a simple fix that keeps people looking at the screen longer. 

The missing piece: Similar to OANDA, getting started is rough. They drop new users right into the deep end without a floatie. A new platform that slowly guides users into complex trades could easily steal FOREX.com’s early-stage beginner demographic.

#3 Interactive Brokers (IBKR) 

IBKR is where huge firms and heavy everyday traders go when they actually care about tiny price drops and cost-per-trade. 

  • 100+ currency pairs via direct market access
  • The ability to trade many different types of assets (futures, stocks, options) from a single account

What they get right: Trader Workstation (TWS) is basically a command center. Traders using computer code can hook into their system for speedy, automatic trade plans. 

The missing piece: TWS is famously hard to look at. Beginners routinely abandon the platform within days. Competitors beat IBKR on user growth simply by having a better design, even if the background trading engine is not as sharp.

See what numbers say >> Forex Exchange Market from 2026-2034

#4 tastyfx (formerly IG US)

Backed by IG Group, tastyfx is aggressively targeting the newer generation seeking the Best Forex Trading Platform in USA. 

  • Zero minimum deposit and fee-free trades
  • sitting around 0.7 to 0.8 pips on major pairs

What they get right: Education as a way to keep users. Instead of just offering a basic help page, they built actual video courses and step-by-step guides on the screen. It feels more like a modern, easy phone app than an old financial broker. 

The missing piece: It is strictly forex. Once a trader builds a bankroll and wants to move into stocks or crypto, they are forced to open a second app.

#5 Charles Schwab (thinkorswim) 

Schwab bought TD Ameritrade specifically to get their hands on thinkorswim. It remains one of the heaviest charting tools available to everyday traders. 

  • Fee-free trading, 65+ pairs
  • Over 500 built-in math indicators

What they get right: Their practice trading simulator. You get the exact same screen and live market data, just using fake money. This single feature creates incredibly sticky users who spend months learning the platform before ever risking real money elsewhere. 

The missing piece: The brand itself. Schwab feels like a traditional bank. For the under-35 age group, there is zero community or cultural pull.

#6 eToro 

eToro did not just build a platform, they turned their own user base into something you can invest in by inventing social copy-trading. 

  • 47+ million global users, 50+ currency pairs
  • Only need $200 to start copying trades

What they get right: Copy trading is a brilliant setup. Top-performing traders get paid when others copy their moves, creating a self-sustaining money-making setup within a broker. 

The missing piece: The pricing is not great (fees often start at 1.0 pips on EUR/USD), and the charting tools are extremely basic. Serious traders eventually outgrow it.

Also Explore >> How to create a forex trading robot in MT4 and MT5

#7 TradeStation

This is where you go if you want to run automatic computer bots without writing lines of heavy code. 

  • Strong system access
  • Support for both futures and forex
  • Oversight by the CFTC/NFA

What they get right: The testing engine. You can run automatic plans against two decades of past market data using their simple coding setup to see if your logic actually works in the real world.

The missing piece: Their simple code is still code. It asks for a baseline of tech skills that the vast majority of everyday traders just do not possess.

#8 Pepperstone

Pepperstone built its entire brand around one thing. That’s raw speed via direct connection to the market.

  • 90+ pairs
  • 0.0 pip fees on specific accounts
  • An average speed under 30 milliseconds

What they get right: They put their computers in the exact same buildings in New York as the big banks. By physically placing their servers next to Wall Street’s wires, they almost entirely wipe out the delay. For fast traders, this is everything.

The missing piece: Total lack of hand-holding. If users don’t possess any knowledge of it, then it’s hard for them to catch on.

#9 CMC Markets

Operating since 1989, CMC’s custom “Next Generation” platform is incredibly deep.

  • Over 300 currency pairs and items to trade
  • With fees starting around 0.7 on EUR/USD

What they get right: Huge size. They offer over 12,000 items to trade globally, stocks, indices, oil, and gold. CMC is a genuine one-stop trading spot for busy accounts. 

The missing piece: The sheer volume of options makes the platform incredibly hard to move through if you only care about a handful of forex pairs.

Well, you can also check out the top forex broker in Singapore to findout what’s unique for creating a solid forex trading platform.

#10 Plus500

Plus500 took the exact opposite road to CMC Markets. They stripped everything back.

  • 40+ forex futures
  • No fees for taking breaks
  • Highly fair overnight rates

What they get right: The mobile app. It constantly ranks at the top of the phone app stores because they ruthlessly cut the clutter. You just get clean price changes and a buy/sell button. 

The missing piece: The charting tools are entirely too basic for anyone doing serious math guessing on a home computer.

Now let’s see how these missing pieces help you launch a successful forex trading platform in USA market.

The Gaps You Can Actually Capitalize On

If you look closely at these ten platforms, you realize that every OGs have some minor issues that leave a major impact.

The older platforms (IBKR, OANDA, FOREX.com) have deep money pools and trade speeds. But their screens are stuck in the past and actively punish new users. 

Meanwhile, the newer apps (eToro, tastyfx) have excellent screens and easy starts. But they lack advanced charts, deep mixed assets, and tight big-money pricing.

By consulting with our cryptocurrency exchange development company, you can build one that addresses all these pain points for the best business journey.

Final Insights

No one has successfully bridged that gap. The market is desperate for a platform that pairs the ease of a modern phone app with the trade power of an old-school banking desk.

You do not need to rewrite Wall Street’s plumbing to enter this market. You just need to build a trading spot that actively engages your users. 

Fix the initial starting problem, keep the trade delays low, and build out a genuine community space. That is the actual blueprint to create the next Best Forex Trading Platform in USA.

To build and launch a Next-Gen Forex Trading Platform, 👉 WhatsApp/Telegram our team and make your plan into an action.