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9 Best Forex Broker in 2022

9 Best Forex Broker in 2022

Are you looking for a Forex broker? There are many brokerage firms in the foreign exchange market. Finding the best broker can be tedious and time consuming. For this reason, we have created this Forex Brokers List.

Here is a list of the best Forex Brokers. They are the best forex brokers who can guess the price of 200+ Forex currency pairs like major pairs (EUR/USD, GBP/USD, USD/JPY or EUR/GBP) and other exotic currency pairs. This list will help you choose the best FX broker based on selection criteria such as minimum deposit, leverage or compatibility with the best forex trading platforms like MT4 and Metatrader 5.

Best Forex Brokers and Platforms in 2022

Avatrade

avatrade logo

Advantages of Avatrade:

  • Multi-Regulated Forex Brokers
  • Free $100,000 Demo Account
  • Competitive spreads of 0.9 pips
  • Allow scalping and hedging
  • MT4 / MT5 trading platform
  • STP and OTC Brokers
  • 24/7 customer support

Based in Dublin, Ireland, AvaTrade is one of the best Forex Brokers. This broker started its activities in 2006 under the name AvaFX and accepts trading of a variety of assets including Forex Currencies, CFDs and Vanilla Options.

AvaTrade brokers have many satellite offices in Europe and Asia Pacific and are regulated by many regulators around the world. However, like many forex brokers, AvaTrade does not provide any services to traders residing in the United States.

AvaTrade offers these clients up to 55 forex currency pairs with very low spreads and offers a variety of trading platforms such as AvaTradeGO, MetaTrader 4/5, WebTrader, AvaSocial and AvaOptions.

Avatrade is suitable for both manual and automated trading strategies.

Opening a trading account is easy and only requires a first deposit of $100. Also, AvaTrade is one of the best brokers offering negative balance protection, so you won’t run into negative balance issues when trading with leverage.

XM

xm logo

Advantages of XM:

  • Regulated Forex Brokers
  • Free $100,000 Demo Account
  • Competitive spreads of 0.6 pips
  • $5 minimum deposit
  • Free access to Forex trading signals
  • microtransaction account
  • Allow automated trading strategies
  • Allow scalping and hedging
  • MT4 / MT5 trading platform
  • 24/7 customer support

XM is a broker operating since 2009 and XM is one of the most trusted and regulated Forex Brokers, offering online broker services in over 196 countries.

XM has various regulatory points. Specifically regulated by CySEC in Cyprus, as well as other offices serving clients in Australia, UK and Belize, as well as authorized online broker licenses in Dubai and MENA regions.

This online broker offers advanced trading solutions suitable for both novice and experienced traders. This Forex Broker offers 1000+ trading instruments, up to 55 Forex currency pairs with leverage up to 888:1 and spreads as low as 0.6 pips.

This broker also offers many benefits such as no deposit bonus, free access to forex trading signals, and free VPS server to speed up your trading and take full advantage of our Expert Advisor and automated forex trading strategies.

With this broker you can open a forex trading account with a deposit of just $5. XM also offers a variety of educational materials and webinars to deepen your market knowledge if you are new to the world of online trading.

eToro

eToro Logo

Advantages of eToro:

  • Regulated and Licensed Forex Brokers
  • Copy Trading and Social Trading
  • Free $100,000 Demo Account
  • Easy-to-use mobile trading app
  • Fast execution of trades and high liquidity
  • Safe and fast payment methods (bank transfer, PayPal, credit card, e-wallet)
  • 24/7 customer support

eToro is a broker that offers foreign exchange brokerage services as well as other asset classes including CFDs, stocks and ETFs. The broker started operations in 2006 and currently operates in over 140 countries worldwide. The company is headquartered in the UK, Cyprus, USA and Australia.

In addition to Forex, eToro allows you to trade a variety of assets and investments, including stock market shares, foreign exchange currencies, commodities like gold, ETFs, and 15 cryptocurrencies. You can trade some of them through this broker. Assets through contract CFDs as well as real assets such as stocks or cryptocurrencies when investing without leverage.

eToro is a very popular online broker, especially because of its social trading features. Social trading is a revolutionary feature invented by eToro. This feature combines a social media type of experience where traders can share their trading opinions and ideas. Social trading allows traders to see the performance of other traders on the network, as well as automatically copying strategies thanks to the CopyTrader™ and CopyPortfolios™ features.

IQ Option

iq option logo

Advantages of IQ Option:

  • EU Regulated Forex Brokers
  • Minimum investment of just $1
  • Minimum deposit of $10
  • Leverage up to 1:1000
  • competitive spread
  • Intuitive and easy-to-use trading platform
  • 24/7 customer support

IQ Option is one of the best Forex and CFD brokers thanks to its quality of service and reliability. IQ Option is an online broker regulated by the Cyprus Securities and Exchange Commission (CySEC) and operates under the name IQ Option Europe.

IQ Option offers the possibility to trade 23 Forex currency pairs with up to 1:1000 leverage and a minimum investment of $1. Although this Forex Broker is not compatible with the major MetaTrader 4 and MT5 trading platforms, IQ Option trading platform is easy to use and has many tools and features similar to the MetaTrader trading platform.

For traders residing outside the EEA, online brokerage activity is managed from a separate branch under the name IQ Option Ltd, based in Saint Vincent and the Grenadines.

BDSwiss

BDSwiss Logo

Advantages of BDSwiss:

  • Regulated Forex Brokers
  • Spread from 0.0 pips
  • High leverage 1:500
  • trading signal
  • free demo account
  • 24/7 customer support

BDSwiss was founded in 2012. It is a broker regulated by the Cyprus Securities and Exchange Commission (CySEC). This Forex Broker provides access to trading on over 1000 assets including Forex currency pairs, stocks, commodities and indices with competitive spreads.

BDSwiss offers three types of accounts, among which are Classic, VIP and Raw accounts, as well as Islamic trading accounts with different fees and terms. This Forex Broker is compatible with the major MetaTrader 4 and MT5 trading platforms as well as the WebTrader platform.

Trade up to 51 major, minor and exotic forex currency pairs with spreads as low as 0.0 pips from the list of available currency pairs.

Deposits and withdrawals are available for free through various payment methods such as check/credit card, PayPal, Skrill, Neteller, and wire transfer. Overall, Bdswiss is a versatile Forex Broker suitable for most Forex traders with favorable fees and spreads and a wide range of Forex currencies.

Plus500

plus500 logo

Advantages of Plus500:

  • Multi Regulated Forex Brokers
  • Intuitive mobile trading app
  • Various Forex Currency Pairs
  • free demo account
  • Brokers listed on the London Stock Exchange
  • Competitive spreads and no hidden costs
  • 24/7 customer support

Plus500 is one of the best Forex Brokers in our comparison. This online broker is listed on the London FTSE and is regulated by the most serious financial market regulators: FCA, CYSEC, ASIC and FSCA.

Plus500 gives these clients the ability to trade 70 forex currency pairs with an average spread of 0.8 pips.

The Plus500 broker is recognized by traders around the world for its particularly well-designed trading platform and mobile trading application. The main downside of this broker is that it only offers CFDs.

But Plus500 is a great and intuitive trading platform with a clear and very useful mobile application. This broker is perfectly suitable for beginners and professional traders.

IC Markets

IC markets logo

Advantages of IC Markets:

  • Regulated Forex Brokers
  • pips raw spread
  • High leverage 1:500
  • micro lot trade
  • free demo account
  • Allow scalping
  • Allow automated trading strategies
  • 24/7 customer support

IC Markets is a global Forex Broker that started its activities in 2007. This Forex Broker is regulated by several regulatory bodies, including the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investment Commission (ASIC) and the Seychelles Financial Supervisory Authority. (FSA).

IC Markets offers competitive fees and is especially suitable for scalpers and high-frequency algorithm traders, as well as forex traders who need low latency and very fast execution.

This broker offers 61 Forex currency pairs with an average spread of 0.1 pips.

Overall, IC Markets is a particularly recommended broker for Forex traders using automated trading strategies on the MetaTrader and cTrader platforms. This broker also offers a variety of research and educational materials and offers very competitive spreads.

Roboforex

RoboForex Logo

Advantages of Roboforex:

  • Regulated Forex Brokers
  • Narrow spreads starting at 0.0 pips
  • High leverage up to 1:2000
  • micro lot trade
  • ECN Account
  • Order execution from 0.1 seconds
  • 24/7 customer support

RoboForex is one of the leading Forex Brokers on the market. Since 2009, this broker provides online brokerage services in 169 countries. This Forex Broker has won many prestigious awards and has an international brokerage license to provide these brokerage services in most countries around the world, as well as a European license from CySEC.

RoboForex allows you to open different types of trading accounts, including Cent accounts, ECN accounts, Prime accounts and Islamic accounts. This broker is compatible with many trading platforms including Metaquotes Software’s MT4 and MT5 platforms.

For Forex trading, Roboforex offers a total of more than 40 currency pairs, including major currency pairs EURUSD, USDJPY, GBPUSD and EURGBP, with narrow spreads starting from 0.0 pips and up to 1:2000 leverage regardless of account type. . Traders who choose a small account can trade with a minimum lot size of 0.01.

Exness

exness logo

Advantages of Exness:

  • Regulated Forex Brokers
  • 107 currency pairs available
  • Narrow spreads starting at 0.1 pips
  • High leverage up to 1:9999
  • micro lot trade
  • Allow scalping
  • Allow automated trading strategies
  • Order execution from 0.1 seconds
  • 24/7 customer support

The platform is a forex broker with numerous online brokerage licenses in several jurisdictions including UK, Cyprus, South Africa, Mauritius, BVI, Seychelles and Curacao.

The Broker is recognized as a stable and reliable online broker ideally suited for retail and professional Forex traders, allowing them to trade in a comfortable trading environment.

Exness offers Forex traders the possibility to trade up to 107 currency pairs with narrow spreads starting from 0.1 pips, with no hidden fees or fees. This broker is compatible with MT4 and MetaTrader 5 trading platforms.

In this broker have different types of accounts, including Standard and Standard Cent trading accounts.

The Standard-Cent Forex account is for all types of traders. Raw Spread, Zero and Pro accounts are suitable for the most experienced Forex traders. These account types offer very low or no spreads as well as fast order execution to meet the needs of Scalpers, Day Traders and Algotraders.

To trade forex, it is essential to open an account with a brokerage that has access to forex trading. The best forex brokers provide access to the forex market and trading tools, provide fast order execution and allow trading through trading platforms designed and tailored specifically for online Forex trading.

The best forex brokers also provide reliable deposit and withdrawal facilities, are regulated by regulators, and allow you to trade the currency you want to trade in.

We have tried the best forex brokers in the US and around the world and have listed the most recommended forex brokers here.

We selected these brokers based on various criteria such as low price, available trading tools, currencies offered, quality of data and charts, and speed of order execution. Here is a list of the best forex trading platforms .

Our selection criteria for choosing the best Forex Broker

Unlike many other websites, there are many comparison sites. Our comparison site only offers the best brokers for forex trading and brokers that offer the best trading conditions to traders. Over the years in this industry, our team of experts have used and tested many Forex Brokers. A good forex broker always has the characteristics of ensuring both good trading conditions and security of your funds.

There are a lot of scams on the internet these days. Therefore, it is important to choose a reliable forex broker that you can use safely when you need money. Also, as a Forex trader, saving on fees is important as these costs affect your real profit. Regulation is also an important criterion for ensuring the reliability of international Forex Brokers.

All these important criteria for choosing the best broker for forex trading are included in this test. Therefore, on this page, we have prepared a list of the best Forex brokers.

Criteria for choosing the best broker for Forex trading:

  • Regulated by official financial market regulators
  • high security of funds
  • How to deposit and withdraw money quickly
  • Fast execution of market orders
  • Reduced Forex Trading Fees and No Hidden Fees
  • No re-estimation and no slipping (high liquidity)
  • Intuitive trading platform
  • Free and Unlimited Demo Accounts
  • Professional customer support