Best Forex Broker Worldwide 2022

Top Forex Brokers in the World

TradersBest.com is currently one of the most reputed sources of forex trading tips and explainers online. It’s only natural that we’d know the best forex broker worldwide and how you can consistently identify such firms.

This guide won’t only list brokers that qualify for the best forex platform in the world tag. You’ll also learn how veteran traders ensure they always get a safe and fair trading experience. Our time-tested broker evaluation criteria haven’t once let us down, and we’ll share them with you. We’ll also help you pick the most suitable platform for your unique needs.

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Top Brands
80/100
81/100

Compare the best Forex brokers worldwide

Rating
89/100
Minimum Deposit
$10,000.00
Deposit Protection
$500,000.00
Maximum Leverage
1:30
Trading Platforms
Android
iOS
Web
Rating
80/100
Minimum Deposit
$0.00
Deposit Protection
$250,000.00
Maximum Leverage
1:30
Trading Platforms
Android
iOS
Custom
Rating
81/100
Minimum Deposit
$100.00
Deposit Protection
£50,000.00
Maximum Leverage
1:30
Trading Platforms
Android
iOS
MT4
MT5
Web

Who should make use of this forex comparison? – Newcomers and veteran traders

As the future of global commerce becomes more and more uncertain, many people are looking for new investment opportunities. This can be to protect their wealth or make short to medium-term returns. There is no doubt that forex is one of the best investment vehicles in this environment. It offers convenient market hours you can work around, high liquidity for when you want to pull out, and the ability to trade on the margin.

It’s honestly no wonder so many investors are buying into the forex industry. However, if you’re new to trading, or are thinking of finding a different online forex broker, the amount of variety on the internet may seem overwhelming. This can make it challenging to find the best forex platform in the world. Fortunately for you, this guide’s sole purpose is to give you a helping hand. Whether you’re an experienced trader or completely new to the world of forex, you’ll get a lot of insight on finding the best forex broker worldwide.

Before discussing the ins and outs of finding the best online trading platform, we feel it’s important to mention that this kind of investment isn’t legal everywhere. The laws regarding investment differ in every region and country. Legalities depend on factors like political and religious values, and economic philosophies.

Most countries in North America, Western Europe or Oceania offer the least restricted use of the best forex brokers. Popular examples include but are not limited to the United States, Canada, the majority of the EU, Australia, and New Zealand.

In some countries, forex trading is legal but only through highly regulated firms. These include Mexico, much of South America, Algeria, Egypt, Saudi Arabia, Ukraine, Kazakhstan, China and a couple of other countries. Residents of these countries may not be able to sign up with all the best forex platforms worldwide but may still have access to a few government-approved brokers.

Then there are countries in which forex trading is banned. These include Belgium, North Korea, Malaysia, Israel, and others. This makes using not only the best forex brokers illegal but also any other firms you might come across.

Top 5 steps for a secure & fair forex trading experience – Put your best foot forward

Finding the best forex broker in the world can be a real headache. For every decent broker out there, there are at least three or four scam sites. However, finding quality online forex brokers you can trust becomes much easier if you know what to look for. In this section, we’ll share our list of the top 5 things you should consider when looking for a secure and fair forex trading experience.

Data encryption & insurance

In our opinion, the very first thing you should take note of before joining an online forex broker is how secure your funds and personal information will be. All of the top forex brokers in the world have quality data encryption technology to protect their platform and their users from hackers. In the unlikely event that the platform is hacked, there should be solid insurance to ensure everyone gets their money back.

Licensing

After making sure your data will be safe on the site you’re considering joining, the next thing you should look for is valid licensing by a reputed regulatory body. All the best forex brokers worldwide are licensed, which gives their customers a clear path to find recourse in case of disputes.

Check user reviews

While this may seem intuitive to some, it’s a step that more people than you’d think neglect. It’s always good to check the user reviews before using a site, as current traders on the platform will give you some of the most honest opinions about its quality. Generally, you’ll find that the best forex broker in the world will also have the best user reviews.

Read our reviews

While user reviews are an excellent way to get honest opinions, those opinions aren’t always the most educated. Our team of experts puts a lot of work into making sure the websites we recommend are nothing but the cream of the crop. When we name a site the best forex broker worldwide, you can be assured that we made sure to put it under comprehensive scrutiny.

Read the fine print

Before using a brokerage website, we highly recommend thoroughly reading its terms and conditions to get a good idea of what kind of obligations you may or may not be signing up for. The best forex brokers in the world will often have a set of fair terms of service that protect the user and ensure a pleasant trading experience.

This is how our experts test forex brokers – Identifying the best brokers

Being able to trust an online brokerage platform with your money is one of the most critical factors for success in forex trading. However, trust isn’t everything. There are several other factors to consider when looking for the best forex broker in the world. So, to help you judge the quality of sites like a pro, we’ll briefly discuss how our team of experts tests forex brokers.

Usability

One of the most important things determining how well you’ll enjoy a site is its general usability. You need to be able to easily navigate a platform’s user interface and find and use whatever you’re looking for with no hassle.

Trading platforms

The kinds of trading platforms a site has also plays a massive role in the quality of a broker. For example, if you have a very active lifestyle, you’ll appreciate a broker that puts particular emphasis on mobile app trading.

Account types

Every trader is different; people have different goals when it comes to trading and varying sums of capital. Lower fees will likely appeal to you if you’re moving large sums of money. That’s why online brokers must have varied account types, from demo to standard and premium accounts.

Payment options

There are many online payment methods out there, and each one has its own strengths and weaknesses. The best forex platform in USA will likely have banking methods that are widely used in the States. This is why our team makes an effort to find sites with the broadest selections of online payment methods.

Customer support

Last but not least, we have the backbone of any user experience: customer support. No website is perfect, and when things go wrong, there needs to be a quality support system to quickly and effectively assist traders.

Check out our top-rated Forex brokers:

89/100
Rating
Credit Card
SEC - U.S. Securities and Exchange Commission
Interactive Brokers Forex
Highlights
  • Award-winning broker
  • Over 100 currency pairs for forex trading
  • Educational resources to help advance your knowledge
80/100
Rating
FINRA - U.S. Financial Industry Regulatory Authority
Robinhood Forex
Highlights
  • Great web trading paltform
  • No withdrawal fee
  • $0 minimum deposit
81/100
Rating
Credit Card
CIMA - Cayman Islands Monetary Authority
FOREX.com Forex
Highlights
  • User-friendly web trading platform
  • Low forex fees
  • $100 minimum deposit

Checklist: This is how you find your perfect forex broker! – Distinctively matched for you

It’s good to know a few general principles that suggest a website’s quality. However, all the preceding sections in this guide didn’t consider personal preferences. In addition to having all the standard bells and whistles that make a site good, the best forex broker in the world must also meet your own personal expectations.

This makes it come down to a matter of preferences, but ultimately, your own personal preferences will matter more in the long run than generalities. Thus, the section below is meant to get you thinking about a few things you may want to consider when trying to find the best forex broker worldwide. For example:

  • Are you short on cash? – If you’d like to start trading forex but don’t have too much capital to start with, you might want to consider looking for websites with low minimum deposits in the beginning. This will help you get started when you don’t have much.
  • Do you like to trade on the go? – Most forex traders are busy people, and busy people like to capitalise on their time by trading on the go. If this sounds like you, you might want to consider brokers with good apps or mobile sites so that you can trade from your phone wherever there’s an internet connection.
  • Are you looking for the lowest broker fees? – In this case, it might be a good idea to compare the different broker fees of our reviewed brokers to find the one that best suits your comfort level.
  • Are you looking to use a specific trading strategy? – If you have a specific trading strategy that’s working wonders for you, you may want to carry it over to your new broker. Just make sure the tools you need to make everything work or automate some steps are available.
  • Do you want to trade niche currencies? – Then, it’s crucial to look for an operator that covers a wide range of less popular currency pairs.

What else can you trade online? – Cast wider nets

While trading forex is currently one of the most popular ways to invest and hedge against risk, it’s definitely not the only investment vehicle out there. You can also invest in bonds, individual stocks, ETFs, mutual funds, futures, cryptocurrency, CFDs, money market accounts, real estate, HSAs and fine art, just to name the most popular instruments. All of these different investment opportunities come with their own pros and cons, and you may have to do some research before buying in, but that’s where our site comes in.

While trading might seem complicated and intimidating if you don’t have much experience, reading guides and reviews like ours can be an essential first step to getting started. In addition to finding our guides and reviews of the best forex brokers in the world here, you can also find other quality investment info like our CFD broker list. We detail everything you need to know about investing in that particular asset, including ways to stay safe and features to look for when choosing brokers.

Conclusion – Top-rated brokers

At this point, we’re sure you have a better understanding of what goes into finding the best forex broker in the world. For starters, you have to make sure that you’re safe and not signing up to be scammed. Secondly, you have to be sure that the website you’re using provides a generally excellent user experience to its clientele. Finally, you have to ask yourself if the website you’re considering matches your personal preferences. Once you’ve figured these three things out, picking the best forex broker worldwide should be relatively easy.

Interactive Brokers
89/100
Interactive Brokers Review
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Best forex broker worldwide FAQ

🏆 What is the best forex broker in the world?

This isn’t an easy question to answer. Many considerations need to be made before we can come to a definitive conclusion on the matter. The region also plays a large role in coming up with a final answer as the best forex platform in Europe may not be the best broker in Africa. This can be due to different regulatory laws and other special conditions, such as the strength of their currencies. You can check our reviews to get the inner scoop on the best brokers worldwide.

📈 Can you make money trading forex?

Several investment vehicles out there can genuinely earn smart investors real returns. Volatile investments like crypto can exponentially grow your capital if you’re an early adopter of a coin that eventually shoots up. ETFs and Mutual funds typically provide consistent returns over several years. Check out our forex trading guides to determine what levels of risk and returns to expect.

💱 How do I start forex trading?

There are multiple quality forex brokers around the world that cater to all kinds of traders. Unfortunately, not all of them are legit, so it’s important to be very cautious when you’re just starting. Reading the guides and reviews on TradersBest.com is a surefire way to start your forex trading journey on the right foot.

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