Best Forex Brokers 2022.
Foreign exchange is an exciting and fast-paced marketplace where fortunes are made and lost in the blink of an eye. If you want to get involved in foreign exchange trading or investing, also known as the Forex market, you’ll want to work with a top Forex broker.
The best Forex brokers offer a combination of safe trading environment, competitive pricing, high-tech trading tools, and fast and reliable trade order execution. Sorting through the long list of Forex brokers and picking out the best is too much work for the average trader, so we took care of the hard part and whittled down to a list of the top Forex brokers for a variety of focuses and specialties.
The brokers below represent the best forex brokers overall.
77% of retail CFD accounts lose money.
FCA, ASIC, CySEC, ISA, MAS.
1:30 (FCA), 1:30 (ASIC), 1:30 (CySEC), 1:100 (ISA), 1:20 (MAS)
No dealing desk.
82% of retail CFD accounts lose money.
1:30 (FCA), 1:30 (CySEC), 1:3500 (FSC)
No dealing desk.
77 % of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
FCA, CySEC, IFSC, CNMV in Spain, KNF.
1:30 (FCA), 1:30 (CySEC), 1:500 (IFSC), 1:30 (CNMV in Spain), 1:100 (KNF)
Market Maker, STP.
Trading Derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved, and seek independent advice if necessary. A Product Disclosure Statement (PDS) can be obtained either from this website or on request from our offices and should be considered before entering into a transaction with us. Raw Spread accounts offer spreads from 0.0 pips with a commission charge of USD $3.50 per 100k traded. Standard account offer spreads from 1 pips with no additional commission charges. Spreads on CFD indices start at 0.4 points. The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
ASIC, CySEC, FSA(SC)
1:30 (ASIC), 1:30 (CySEC), 1:500 (FSA(SC))
MT4, MT5, cTrader.
ECN, No dealing desk.
DISCLAIMER: This material on this website is intended for illustrative purposes and general information only. It does not constitute financial advice nor does it take into account your investment objectives, financial situation or particular needs. Commission, interest, platform fees, dividends, variation margin and other fees and charges may apply to financial products or services available from FP Markets. The information in this website has been prepared without taking into account your personal objectives, financial situation or needs. You should consider the information in light of your objectives, financial situation and needs before making any decision about whether to acquire or dispose of any financial product. Contracts for Difference (CFDs) are derivatives and can be risky; When trading CFDs you do not own or have any rights to the CFDs underlying assets. FP Markets recommends that you seek independent advice from an appropriately qualified person before deciding to invest in or dispose of a derivative. A Product Disclosure Statement for each of the financial products available from FP Markets can be obtained either from this website or on request from our offices and should be considered before entering into transactions with us. First Prudential Markets Pty Ltd (ABN 16 112 600 281, AFS Licence No. 286354). FP Markets is a group of companies which include, First Prudential Markets Ltd (registration number HE 372179), a company authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC License number 371/18, Registered Address: Griva Digeni, 109, Aigeo Court, 2nd floor, 3101, Limassol, Cyprus. FP Markets does not accept applications from U.S, Japan or New Zealand residents or residents from any other country or jurisdiction where such distribution or use would be contrary to those local laws or regulations.
1:30 (ASIC), 1:30 (CySEC)
MT4, MT5, IRESS, WebTrader.
DMA, ECN, No dealing desk, STP.
Trading involves risks. Products and services of Swissquote are only intended for those permitted to receive them under local law.
FCA, FINMA, MFSA, SFC, DFSA, MAS.
1:100 (FCA), 1:100 (FINMA), 1:100 (MFSA), 1:100 (SFC), 1:100 (DFSA), 1:100 (MAS)
MT4, MT5, Advanced Trader.
Bank, Dealing Desk, Market Maker, No dealing desk.
Forex margin trading involves substantial risks.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 61.41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
MT4, MT5, R Mobile Trader, MT4 Multiterminal, WebTrader, R WebTrader, R StocksTrader.
Dealing Desk, ECN, Market Maker, No dealing desk, STP.
This website is for general information purposes only and is operated by BDSwiss AG. BDSwiss AG is the BDSwiss Group’s Holding Company domiciled in Grienbachstrasse 11, 6300, Zug, Switzerland. BDSwiss AG does NOT offer any financial products or services.
CySEC, FSC, BaFin, FSA(JP)
1:30 (CySEC), 1:500 (FSC), 1:30 (BaFin), 1:25 (FSA(JP))
MT5, Proprietary, WebTrader.
Market Maker, STP.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.27% and 73.32% of retail investor accounts lose money when trading CFDs with Tickmill UK Ltd and Tickmill Europe Ltd respectively. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
FCA, CySEC, FSCA, FSA(SC), Labuan FSA.
1:30 (FCA), 1:30 (CySEC), 1:500 (FSCA), 1:500 (FSA(SC)), 1:1000 (Labuan FSA)
No dealing desk.
Your capital is at risk.
1:500 (CySEC), 1:500 (VFSC)
DMA, ECN, No dealing desk, STP.
68% of retail CFD investors lose money.
FCA, ASIC, CySEC, MiFID.
1:-2 (FCA), 1:30 (ASIC), 1:30 (CySEC), 1:30 (MiFID)
Market Maker, No dealing desk, STP.
Pro Tip: Most of these brokers offer free demo accounts so you can test the brokers and their platforms with virtual money. Give it a try with some play money before using your own cash.
Best FX Brokers for Forex Trading.
Note: Not all Forex brokers accept US clients. For your convenience we specified those that accept US Forex traders as clients. You can also visit our Stock Brokers section.
Plus500.
Regulated By: FCA, ASIC, CySEC, ISA, MAS.
Foundation Year : 2008.
Min Deposit : $100.
77% of retail CFD accounts lose money.
Plus500 is a publicly traded company that was founded in 2008 and is the main sponsor of football club Atlético Madrid. The Plus500 trading platform is offered by Plus500 UK Ltd which is authorised and regulated by the UK Financial Conduct Authority and is also a subsidiary of Plus500 Ltd which is a publicly-traded company listed on the London Stock Exchange.
The broker’s trading platform is available in more than 50 countries and is authorised and regulated around the world by the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), the Monetary Authority of Singapore (MAS) and the Israel Securities Authority (ISA), among others.
Multiple regulations from around the world – FCA, CySEC, ASIC, MAS, ISA. More than 2,500+ CFDs to trade on, covering multiple asset classes. Commission-free trading. Simple to use proprietary trading platform. Multilingual customer support 24/7. No phone support offered. Lack of market news and trader education.
Watch Our Plus500 Video Review:
Regulated By: FCA, CySEC, FSC.
Foundation Year : 2011.
Min Deposit : $10.
82% of retail CFD accounts lose money.
FXTM, short for ForexTime, is a platform with a primary focus on foreign exchange. That specialization allows it to rise above many others when it comes to Forex focused trading platforms and tools. CFDs are available on 50+ currency pairs including major, minor, and exotic pairs. Leverage is available up to 1000:1.
Spreads are competitive across all platforms with 24-hour trading open 5 days per week. FXTM is based in Cyprus and licensed by the International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission, and other regulators in and out of the EU. A free demo account is available.
Support for 250+ products to trade across global markets, including Forex, commodities, shares, indices and cryptocurrency CFDs Competitive spreads MetaTrader 4 and MetaTrader 5 platform support Low maximum order size No native Mac desktop app.
Watch Our FXTM Video Review:
Regulated By: FCA, CySEC, IFSC, CNMV in Spain, KNF.
Foundation Year : 2002.
Min Deposit : N/A.
77 % of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
XTB is an award-winning CFD platform that supports Forex, indices, commodities, stock CFDs, ETF CFDs, and cryptocurrencies. For Forex, XTB supports 48 currency pairs with low-cost spreads. Customers of XTB can choose between trading on the xStation 5 or MT4 platforms. For leverage accounts, this brokerage offers leverage of up to 200:1.
Choose between two excellent trading platforms (xStation 5 or MT4 platforms) A collection of 3000+ trading instruments across six asset classes Low spreads Fewer Forex pairs than some top competitors No 24/7 support.
Watch Our XTB Video Review:
IC Markets.
Regulated By: ASIC, CySEC, FSA(SC)
Foundation Year : 2007.
Min Deposit : $200.
Trading Derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved, and seek independent advice if necessary. A Product Disclosure Statement (PDS) can be obtained either from this website or on request from our offices and should be considered before entering into a transaction with us. Raw Spread accounts offer spreads from 0.0 pips with a commission charge of USD $3.50 per 100k traded. Standard account offer spreads from 1 pips with no additional commission charges. Spreads on CFD indices start at 0.4 points. The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
IC Markets was founded in Sydney, Australia in 2007 and is regulated by the Australian Securities and Investments Commission (ASIC), as well as the Seychelles Financial Services Authority (FSA). According to the broker’s website, they processed $646 billion worth of trading volume in April 2019 alone.