I’ve seen a lot of questions lately about which brokers U.S. traders are using for algorithmic trading with MetaTrader (MT4/MT5) and Galileo FX. Since U.S. regulations are stricter than in many other countries, the broker list is more limited, but there are still some solid options.
Here are some of the main regulated brokers currently supporting MetaTrader and EAs in the U.S., along with the assets they offer:
Important note: U.S. regulations (CFTC, NFA, etc.) change from time to time. Leverage is capped (usually 50:1 on majors, less on minors/exotics), hedging is restricted, and brokers may update their policies on what kinds of automated trading they allow (e.g. scalping, grid, arbitrage). Because of that, it’s always best to double-check the broker’s latest terms directly.
Hope this helps.
Here are some of the main regulated brokers currently supporting MetaTrader and EAs in the U.S., along with the assets they offer:
- FOREX.com – MT4 & MT5 available. Supports automated trading like Galileo FX. Assets include forex pairs, commodities, indices, and some crypto CFDs (availability can vary).
- OANDA – Primarily MT4 for U.S. accounts. Supports automated trading like Galileo FX. Assets: forex pairs, commodities, indices, precious metals.
- TastyFx – Offers MT4 accounts. Supports automated trading like Galileo FX and provides extra tools/indicators. Assets: forex, some CFDs, indices, commodities.
- Trading.com – MT5 (and MT4 for certain accounts). Supports automated trading. Assets: forex, indices, commodities, energies, and in some cases, cryptos.
Important note: U.S. regulations (CFTC, NFA, etc.) change from time to time. Leverage is capped (usually 50:1 on majors, less on minors/exotics), hedging is restricted, and brokers may update their policies on what kinds of automated trading they allow (e.g. scalping, grid, arbitrage). Because of that, it’s always best to double-check the broker’s latest terms directly.Hope this helps.
