Do you want to predict that the Euro (EUR) currency will increase in value compared to the U.S. Dollar? (USD)? To do so, you will be trading (or placing a wide bet) on the EUR / USD currency pair, which is a forex investment. Each year, our team here at ForxBrokers.com spends five months exploring big names in foreign exchange and compiling a guide for the best forex brokers for forex trading with CFDs. Here are our results for 2022.
The best Forex Brokers of 2022
IG – The best, most trusted retailer
Saxo Bank – The best web-based trading platform
CMC Markets – Best of all, state-of-the-art platform technology
Interactive Brokers – Excellent, suitable for professionals
TD Ameritrade FX – The leading desktop platform, in the U.S. only
FOROREX.com – The best offer around
XTB – Great research and education
City Index – The best offer around
Swissquote – A reliable merchant, the best banking services
2022 Category Winners
In the ForexBrokers.com 2022 metatrader 4 brokers reviews, all online retailer participants were tested on 113 variables in seven main categories. A total of 4,407 data points were collected in total. Here’s how we checked it out.
Along with the main categories, ForexBrokers.com ranks traders with the most popular investor categories. Finally, each year ForexBrokers.com honors brokers who move more and more into the areas that are most important to investors.
Winner: IG
Managed and trusted worldwide, IG provides traders with a final package of excellent trading and research tools, advanced industry education, extensive market research, and a wide range of products for sale. This is a great act that makes IG the best seller by 2022.
Trust: Founded in 1974, IG is publicly traded (LON: IGG) and is regulated in six tier-1 domains, making it a safe (low risk) trader for forex trading and CFDs. All areas considered, IG is ranked as the most trusted forex trader and CFDs in our 2022 review.
Commissions: IG uses its size to offer traders consistent prices across the board – regardless of which product you trade – and it shines through with its active trading prices available through its Forex Direct accounts.
Forex Trading Forums: Although IG also offers metatraders brokers reviews and premium MT4 supplements from FX Blue, only 76 trading tools are available. There is no question; The IG flagship platform is the best choice between the two, and offers a wide range of markets for sale.
Second place winner: Saxo Bank
For retailers who can afford a minimum deposit of $ 2,000 (US GBP 500), Saxo Bank offers reasonable prices, excellent trading platforms, amazing research, reliable customer service, and more than 40,000 trading instruments.
Trust: Founded in 1992, Saxo Bank operates several regulated banks and is licensed in six Level 1, making it a safe (low risk) trader for forex trading and CFDs.
Commissions: Saxo Bank offers traders the best prices around. For active merchants (and those with large account balances), Saxo Bank offers competitive prices for its Platinum and VIP accounts, requiring a balance of $ 200,000 and $ 1 million, respectively.
Forex Trading Platforms: The entire Saxo Trader client experience is excellent. Along with 40,000 trading tools, Saxo Bank’s flagship SaxoTraderGo platform is amazing, and includes everything sellers need to move the market – and is our way of choosing the best web-based platform for 2022.
Podium Complement: CMC Markets
CMC Markets is a world-renowned trader who brings traders an excellent offering due to very low prices, nearly 10,000 tools for sale, and the Next Generation trading platform, full of quality research and innovative features such as the Dynamic Trading portfolio tool.
Trust: Founded in 1989, CMC Markets is publicly traded and managed at four tier-1 locations near two tier-2 locations, making it a safe (low risk) trader for forex trading and CFDs.
Commissions: CMC Markets is a leader in low-cost trading, which offers forex trading costs lower than the industry average.
Forex Trading Forums: The CMC Markets Next Generation platform comes with a huge selection of nearly 10,000 trading tools. With its advanced tools, comprehensive market research and excellent mobile app, CMC delivers in-depth user experience.
The best Forex trading platforms
Of the 39 clients we reviewed in our 2022 review, the following forex traders have provided the best trading platform information:
Saxo Bank – A great VIP client experience
IG – Highly reliable, good for beginners
CMC Markets – Leading platform technology
Interactive Brokers – Best for professionals
TD Ameritrade FX – Best desktop platform (US only)
FXCM – Ideal for algorithmic traders
What is the best forex trader?
IG takes first place in our 2022 Annual Review as the best forex trader, with 100 pairs available and the ability to trade CFDs and forex options, traders have a lot to choose from. IG is the only retailer regulated in Switzerland and the U.S., in addition to nearly a dozen international licenses – making IG one of the most trusted buyers.
What does a forex trader do?
A forex trader is a company licensed (or considered free) by a national regulator to give you – as a trading or professional client – the ability to buy or sell foreign currencies, through an online trading platform or by telephone (known in the industry as voice broking). A forex trader can offer you a basic currency, or a non-derivative real estate contract or a derivative such as a variance contract, or a CFD, depending on any specific regulatory restrictions. It is important to use only well-managed brokers to reduce your risk of fraud.
