Best Forex Brokers In 2022

Finding the best forex brokers that you can rely on can be a challenge. Especially when there are so many to choose from and many factors that can either be to your disadvantage or benefit. 

That’s why we decided to compile a list of the Top 10 Forex Brokers that we have had experience with, and we hope that you too can find it rewarding establishing long term partnerships with them. 

1. MYFXMarkets

MYFXMarkets, is a world leading regulated broker that offers highly competitive spreads, and an unrivalled customer support solution. In our years of trading with MYFXMarkets as our preferred forex broker, we cannot speak highly enough of their account management team, and how they hold your hand through any aspect of your forex trading that you might be finding challenging.  So if you are big on customer service.

Pros:

• 1:500 leverage.
• Low Spreads.
• Unrivalled Customer Support 

Cons:
• Not available for USA residents

At MyFXMarkets, you can trade a range forex, metals, indices, and cryptocurrencies Go to their website for more information on how you can get started.

2. IC Markets

Established in 2007, IC Markets is a regulated broker that offers a wide range of assets that can be traded either on Meta Trader 4, Meta Trader 4, or C-Trader. IC Markets has gained the reputation for being an excellent choice for those who are new to trading, as well as being the go to choice for those more established traders who are looking to build a long term partnership with an award winning broker. This is further evidenced from the customer reviews they have received over time, achieving a 4.9/5.0 rating on Trust Pilot.

We have used IC Markets for several years, and highly recommend that you click the button below to find out more.

Pros:
• 1:500 leverage.
• Low Spreads.
• Fast Execution

Cons:
• Crypto options limited

We have used IC Markets for several years, and highly recommend that you click the button below to find out more.

3. FX Choice

FXChoice is a regulated ECN Broker that is headquartered in Belize. Since it’s inception in 2010, FXChoice has maintained a high standard of service delivery and offers traders a state of the art back office from which they can keep track of all of their trading activities. Upon sign up, you are assigned an account manager who will assist you with all things forex related. 

FXChoice offers some of the tightest spreads found in the industry and backs that up with their speedy execution of trades

Pros:
• 15% Deposit Bonus
• Low Deposit Limits
• Tight Spreads

Cons:
• Limited Trading Assets

Click the link below to find out more about FXChoice.

4. LQDFX

Founded in 2008, LQDFX has received a mixed bag of reviews throughout the years. In particular it’s Trust Pilot rating of 2.3/5.0 is eemingly not that encouraging, but our own experience with trding with them has been extremely positive, hence the reason it even makes our Top 10 at all. With over 70+ assets that you can trade, LQDFX also offers account management services via it;s PAMM accounts which are exceptional. They even have an internal community of traders, to which you can plug your account into and experience other traders’ services.

Pros:

• Exceptional PAMM services
• USA Residents Welcomed
• 1:200 leverage

Cons:
• Poor Trust Pilot Reviews 2.3/5.0

Don’t just take our word for it, LQDFX have a very informative website and you can get any questions answered via their online live chat. Find Out More by clicking the button below.

5. GOMARKETS

GoMarkets is one of the largest and most respected brokers, based in Australia. regulated through ASIC, Go Markets has established itself as trusted provider of trading assets for beginners and advanced traders alike. They offer a free vps for their clients, and numerous options to trade on your desired platform. Social and copytrading is also present for those traders who want to further enhance their ability to benefit or share trading ideas within the GoMarkets community.

Pros:
• Free VPS
• Social Trading
• Reputable Broker

Cons:
• Limited Protection For Non-Eu Clients

6. BLUEBERRY MARKETS

Established in 2016, Blueberry Markets, combines the power of excellent research tools, very tight spreads, and an assured reputation for delivering a service with highest integrity. Based in Australia and regulated by ASIC and SCB, Blueberry Markets provides an easy to register system, with equally fast payout options.

You can trade on either MT4 or MT5, and will expect to experience some of the lowest spreads seen within the marketplace.

Pros:
• Minimum $100usd deposit
• Modern and effective trading tools
• Lightning fast execution of trades

Cons:
• We would like to see an expansion of their assets.

We have maintained a few of our accounts with Blueberry markets since 2020, and are delighted with the true performance that their service offers. Check them out in the link below.

7. Peppersone

Established in 2010, Pepperstone is an Australian based broker that is regulated by ASIC, FCA, and many other regulatory boards. Whilst they spreads may not be the best with a 0.2 spread for EURUSD, they make up for this in their educational content which is provided free of charge within their members area. Pepperstone has won numerous awards for their trading service and is a broker held in high regard, and therefore is certainly worth checking out.

Pros:
• Reliable Broker
• Low Spreads.
• Established Educational Resource

Cons:

• Limited Demo Account Facility

Check them out in the link below.

8. Ava Trade

Established in 2007, Ava Trade is a regulated broker that offers a wide range of assets that can be traded either on the Meta Trader 4, or Meta Trader 5, platforms. With a Trust Pilot review of 4.7/5.0 rating, it didn’t suprise us at all that Ava Trade featured so highly on our list of the Top 10 Forex Brokers for 2022. No matter what your trading style is, you will feel right at home at Ava Trade as they accommodate the needs of swing traders, and scalpers alike.

Deposits and Withdrawals are conducted in a fast and professional manner, with security being of the utmost importance. Ava Trade has differentiated itself from its competitors by prioritising the needs of traders in a way that is not distracting from the daily operation of your accounts.

 

Pros:
• Multi-lingual support
• Low Spreads.
1:400 leverage

Cons:
• Slow Customer Support

9. FxPro

FxPro is a professional forex broker that was has been around since 2006, and provides some of the best forex trading tools that the industry has ever seen. These tools are certainly helpful in helping you make better trading decisions, and to add to this their customer reviews are exceptional, as noted on Trust Pilot rating of 4.3/5.0

At FxPro, you will discover that the company is fully regulated by multiple regulatory bodies globally, which gives you added peace of mind when depositing and trading vast sums of capital.

Traders can expect to be able to trade more than 70 plus assets across crypto, forex, indices, metals, and stocks. In addition to this, FxPro, offer accounts that can be opened from as little as $100usd.

 

Pros:
• Established broker with vast financial resources
• Variety of assets to trade
• Exceptional trading tools

Cons:
• Not many – check out the link below and see for yourself.

10.

Saxo Bank might not be for the beginner trader, starting out with limited capital, as their minimum deposit is $10,000 usd. However, for those traders who have experience and a larger capital base, this is an excellent choice for long term stability. With leverage starting from 1:30, Saxo Bank more than exceeded our own expectations when we first discovered them in 2018.

Again, there is no hiding that Saxo Bank is tailored more for the “serious” trader and we are confident that you will be delighted with what they offer professional traders.

Pros:
• For Professional Traders
• Vast Community For Networking
• Global Reputation For Quality Service

Cons:
• 1:30 leverage
• Minium $10k usd deposit

We have used IC Markets for several years, and highly recommend that you click the button below to find out more.e