10 Best Rated Forex Brokers 2022


1. AvaTrade
General description For more than 11 years, AvaTrade has established itself as a major player in online finance, with a positive track record of customer satisfaction. The broker offers an impressive range of 250+ instruments to trade including forex, cryptocurrencies, stocks, commodities and indices. In addition, clients have access to various automated trading platforms and with EA & MQL5 compatibility. AvaTrade ensures that all client funds are kept in segregated accounts for increased security.
ADVANTAGES
Various tools that can be traded with MetaTrader 4 and 5 available
Excellent educational resources
DEFICIENCY
High EURUSD fees and inactivity fees 

2. Exness
General description Exness runs a very customer-centric business, therefore, improving the quality of its services is its top priority. The Exness website has been localized into 15 languages and the broker offers client support in 13 languages, including 24/5 support in 11 languages and 24/7 support in English and Chinese. Exness gives traders what they are looking for: constant improvements, new opportunities to explore financial markets and the opportunity to work with recognized leaders in the financial industry.
ADVANTAGES
Well regulated
Tight spreads More than 130 currency pairs
DEFICIENCY
-
Information Features
CySEC Regulation, FCA Minimum Deposit from $1 Average Spread from 1.3 pips Commission from 3 USD and 10 USD per 1 lot for CFD No Deposit/Withdrawal Fee Maximum Leverage 1:2000 Bonus Standard bonus program +10% 

3. Oanda
General description Oanda offers a wide range of global CFD instruments including Indices, Forex, Commodities, Metals and Bonds. Clients can access real time rates for all major FX pairs, plus historical exchange rates for up to 25 years across 38,000 forex pairs. This broker uses foreign exchange rates collected from leading market data contributors, which are trusted and used by large corporations, tax authorities, audit firms and individuals around the world. The Oanda trading platform is accessible from your desktop and browser. You can also take positions via MT4. The broker's exchange rate API provides data on 200+ currencies. Traders can automatically receive daily averages, real time (spots), tick rates and forward rates into your ERP, TMS, digital product, app or website.

ADVANTAGES
Relatively low trading fees
No minimum deposit required
Easy account opening process
DEFICIENCY
Limited product portfolio 

4. Swissquote
General description For traders who need a multi-asset solution and are willing to pay a premium to have their brokerage account deposited with a Swiss bank, Swissquote is worth considering. Otherwise, UK-based Swissquote's offering provides an all-around better deal. The commissions and spreads of Swissquote's UK entity, Swissquote Ltd, are slightly different from those of its Swiss entity, Swissquote Bank Ltd. Between the two, the UK account offers a better deal, with the trade-off being a smaller offering. Swissquote entities in the UK execute trades on an agency (matched principal) basis. This broker is outstanding in terms of quality, helping to differentiate itself from the competition.

ADVANTAGES
Comprehensive product portfolio A solid reputation
No additional forex fees
DEFICIENCY
High trading fees

Information Features FCA Regulation Minimum Deposit from None for standard accounts Average Spread from 1.6 pips Commission starting from None Deposit/Withdrawal Fee $10 Maximum Leverage 1:400 Bonus Bonus invite friends Customer support 8/5 

5. Pepperstone
General description Pepperstone offers a small set of tradable products but provides forex and CFD traders with competitive prices, excellent customer service, and one of the largest selections From third-party platforms, including many social copy trading options.

ADVANTAGES
Low forex and equity indexCFD
No deposit fee
Negative balance protection
DEFICIENCY
Only forex, CFD and crypto are available
Information Features
FCA Regulation, ASIC Minimum Deposit from AUD200 Average Spread from 0.4 pips Commissions start from $3.76 commission per lot per trade No Deposit/Withdrawal Fee Maximum Leverage 1:500 No Bonus 24/5 customer support

6. OctaFX
General description OctaFX has an excellent reputation in the financial markets due to their unique service offering, which meets the various requirements of various retail traders. OctaFX makes it easy for traders to enter the market using the best trading conditions, which is one of the main reasons why OctaFX has grown stronger since its launch in 2011. OctaFX offers ECN accounts with an initial deposit of $100 and is one of the few brokers to do so. $100 is eligible for an MT4 Micro account or a cTrader ECN account. MT4 and cTrader are OctaFX's two main platforms, and this broker has covered most traders by offering two of the most popular platforms in the currency market.

ADVANTAGES
Very fast execution More than 30 forex pairs available
Well regulated
DEFICIENCY
VPS not available
No Forex educational tools
Information Features
CySEC Regulation Minimum Deposit from $100 Average Spread from 0.7 pip Commission starting from None No Deposit/Withdrawal Fee Maximum Leverage 1:500 Bonus 50% Deposit Bonus 24/5 customer support 

7. FP Markets
General description Founded in 2005, FP Markets is regulated in one tier 1 jurisdiction and one tier 2 jurisdiction, making it a safe (average risk) broker for forex and CFD trading. The FP Markets Iress platform provides traders based in Australia with a substantial range of markets. Clients based in the EU and around the world gain access to over 130 tradable symbols, while FP Markets' Commission-based Raw ECN accounts shine best for their forex offerings on MetaTrader. This broker is above average in terms of industry rankings. 

ADVANTAGES
Competitive trading fees
Easy account opening
Fast process for deposits and withdrawals
DEFICIENCY
High cost of stock CFDs Limited range of asset classes
Information Features
ASIC Regulation Australia, CySEC Cyprus, SCB Minimum Deposit from $100 Average Spread from 0.5 pip Commissions start from $55 monthly commission for IRESS Trader users only No Deposit/Withdrawal Fee Maximum Leverage 1:500 $30 Bonus Welcome Bonus 24/5 customer support 

8. Markets.com
General description Markets.com distinguishes itself by providing a range of powerful decision-making tools including XRay, the broker's live trading channel. The broker's investor tools and industry insights will help you build the perfect trading strategy, with personalized support backed by your own team of analysts. The broker keeps spreads as low as possible to help you maximize profits. The broker's Knowledge Center is full of important advice and information on every aspect of trading and investing. From fundamental tools, to technical and sentiment tools, and XRay live trading channels, Markets.com gives you everything you need to trade smarter. As part of the TradeTech Group, an element of Playtech, an FTSE 250 listed company, Markets.com has an in-depth knowledge of financial markets and an incredible range of resources to continuously raise the bar in the world of financial trading.
ADVANTAGES
Free and fast deposits and withdrawals
Limited product portfolio
Easy and fast account opening
DEFICIENCY
-
Information Features CySEC, FCA, ASIC, FSC, FSCA . regulations Minimum Deposit from $100 Average Spread from 1.9 pips Commission from 1% No Deposit/Withdrawal Fee Maximum Leverage 1:300 $25 Bonus No Deposit Bonus 24/5 customer support 

9. IG Markets
General description IG offers spread betting on financial markets as well as binary options under the supervision of the Financial Supervisory Authority in the UK. IG Markets offers CFDs on a similar set of financial markets. IG Markets Limited is authorized by the Financial Supervisory Authority in the UK. IG provides clients with broad market access, world-class research and extensive client education ADVANTAGES
No withdrawal fees
Low index CFD trading fees

DEFICIENCY
1. Inactivity fee is charged
2. High cost of stock CFDs
Information Features
FCA Regulations, FSCA Minimum Deposit starting from No minimum deposit Average Spreads from Varies Commissions from £3.00 to £8.00 per trade for all types of assets No Deposit/Withdrawal Fee Maximum Leverage 1:200 Bonuses None offered 24/6 customer support 

10. AxiTrader
General description AxiTrader has been a broker for several years and has built an outstanding reputation as an online broker. AxiTrader not only caters to novice traders but its competitive offers and prices and trading conditions also caters to professional traders who trade high volumes. This broker provides the use of the popular MT4 trading platform and provides support from third-party plugins that enhance the trading experience and provide traders with the best services that suit their trading needs. According to regulations imposed by the FCA and ASIC, client funds are kept in segregated accounts at top banks. This fund is also guaranteed by a compensation fund. Therefore, traders are provided with a safe, secure and innovative trading environment through AxiTrader.
ADVANTAGES
No Minimum Deposit
MetaTrader 4 available

DEFICIENCY
Limited research tools Information

Features ASIC, FCA, DFSA regulations Minimum Deposit starting from No minimum deposit Average Spread from 1.24 pips Commissions start from $7 commission charged per spin No Deposit/Withdrawal Fee Maximum Leverage 1:400 Bonus 20% Deposit Bonus 24/5 customer support

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