Rating of forex brokers 2022: trade with the best ones

Forex broker Alpari: overview of forex broker, rating and customer reviews

The online broker Alpari is one of the most famous companies in the forex industry. Alpari has been working in the ma...

13.10.2020

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0

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9.5

LibertEX: Broker Review, Trading Conditions and Trader Reviews

LibertEX is one of the well-known international brokers with more than 20 years of ex...

08.06.2020

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0

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9.5

DotBig: Forex Broker Review, Rating and Customer testimonials

DotBig — progressive online broker offering traders access to the global financial markets, is progr...

16.02.2021

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0

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9.0

Forex broker FxPro: advantages and disadvantages

FxPro is a brokerage company licensed to provide services in financial markets and registered in Cyprus in 2006. Its act...

29.05.2020

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0

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8.6

Forex Broker Barclay Stone ltd – all information

Barclay Stone is a forex broker that gives you access to international stock and currency markets. This program allow...

29.09.2020

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0

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8.2

FIBO Group – Подробный Обзор Форекс Брокера

“Фибо-Групп” - онлайн-брокер, открытый в 1998 г. Компания вход...

05.08.2020

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0

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8.0

RoboForex – Детальный обзор Форекс Брокера

RoboForex - онлайн-брокер, предоставляющий услуги трейдерам с 2009 года. Законность деят...

13.08.2021

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0

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8

AMarkets – Обзор Форекс Брокера

AMarkets - международная компания, работающая с трейдерами из стран Европы и СНГ. Услови...

17.08.2021

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0

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7.9

TeleTrade – Детальный обзор Форекс Брокера

TeleTrade - международный онлайн-брокер с более чем 25-летним стажем работы на рынке. Кл...

10.09.2021

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7.6

InstaForex – Обзор Форекс Брокера

InstaForex — универсальный онлайн-брокер для активного и пассивного трейдинга. Компания ...

05.11.2021

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0

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7.5

Worldforex – Обзор Форекс Брокера

Worldforex - онлайн-брокер с 14-летним стажем работы на финансовых рынках. Компания сотр...

22.10.2021

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0

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6.6

Форекс брокер OctaFX

  OctaFX - международный брокер, работающий на рынке с 2011 года. Компания ориен...

16.10.2020

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0

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6.5

Форекс брокер Финам: обзор, отзывы, торговые условия

Finam - один из крупнейших онлайн-брокеров на российском рынке. Компания состоит в орган...

04.08.2020

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0

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6.0

Форекс-брокер Forex4you – подробный обзор

Forex4you - популярный брокер, работающий на финансовых рынках с 2007 года и являющийся ...

05.07.2021

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0

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6.0

Just2Trade — Обзор Форекс Брокера

Just2Trade — онлайн-брокер, являющийся дочерней компанией инвестиционного холдинга Finam...

01.10.2021

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0

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5.6

Подробный обзор BCS Markets

Форекс-брокер BCS Markets является частью финансовой группы «БКС», работающей на рынке с...

06.07.2020

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0

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5.5

MaxiMarkets – Обзор Форекс Брокера

MaxiMarkets - международный онлайн-брокер, работающий на рынке с 2008 года. Компания осо...

01.09.2021

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0

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5.5

Форекс брокер HQBroker

HQBroker - молодой брокер на рынке. Несмотря на небольшой срок жизни, в сравнении с конкурентами, отзывы о HQBroker поло...

14.10.2020

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0

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5.0

Форекс-брокер Finmax FX – полное досье компании

Finmax FX - относительно молодой онлайн-брокер, сотрудничающий как с начинающими, так и ...

26.07.2021

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0

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4.2

Обзор форекс-брокера NordFX

NordFX - онлайн-брокер, работающий на рынке с 2008 года, предоставляющий услуги как част...

14.07.2021

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0

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4.1

Форекс-брокер HYCM: Обзор и отзывы трейдеров

Компания Henyep Capital Markets (HYCM) предоставляет услуги начинающим и опытным инвесто...

15.10.2020

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0

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4

Emerging Markets Group – Обзор брокера: торговые условия, отзывы трейдеров, сайт emerging-markets-group.com

Emerging Markets Group - новый брокер, открывающий клиентам доступ к торговле криптовалю...

14.09.2021

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0

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2.3

Axis Capital Group – Обзор брокера: торговые условия, отзывы трейдеров, сайт axiscapitalgroup.uk

Axis Capital Group - новый брокер, работающий на Forex, криптовалютном, сырьевом фондово...

03.09.2021

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0

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2.2

Viamarketsgo – Обзор брокера: торговые условия, отзывы трейдеров

Viamarketsgo - новый брокер на просторах интернета, работающий на Forex и криптовалютном...

16.08.2021

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0

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2.1

Greenfield Investment – Обзор брокера: торговые условия, отзывы трейдеров

Greenfield Investment - новый брокер, работающий на Forex, криптовалютном, фондовом, сыр...

27.08.2021

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0

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2


Technical Analysis

You also may be interested in

When looking for the platform to start trading on, many users search for a forex brokers rating that displays the safest providers. We realize that it might be difficult for you to choose a trusted company because there are a lot of professional reviews to analyze.

That is why our experts have analyzed the most popular trading organizations of 2022 and compared their key characteristics. This way they’ve created the forex brokers guide based on our top forex brokers list. This is the easiest way for beginners to find the company with the most beneficial trading conditions and trusted services.

How the forex brokers list is compiled

The key criterion that is taken into consideration when the rating is being compiled is the reliability of the brokers. In addition to this, our specialists also estimate the market capitalization of the company. A reliable company should have a cash buffer that will help it to pay out money to the investors if something goes wrong with the brokers’ capital.

The forex brokers rating is compiled in accordance with several points:

  1. The comfort of cooperation, which includes the usability of the interface, operating of terminals, the registration process;
  2. Transparency. This point is to estimate the availability of information about trading accounts, terms and conditions, commissions, level of services customization. If a company provides better conditions, organizes competitions, rewards clients with bonuses, provides 24/7 support, it has much higher chances to be listed on the top of the rating.

This aspect also includes the legitimate status of the Forex-dealer. A lot of countries have their own regulatory bodies that provide licenses to the best forex trading brokers. Some companies have offshore regulations. FCA (Great Britain), ASIC (Australia), CySEC (Cyprus) are supposed to be the most popular institutions to regulate top forex brokers. Nonetheless, even licenses from such respected organizations cannot completely guarantee that the broker’s clients won’t face any difficulties when working with it.

Reliability comes first

If the broker is reliable, traders’ funds are safe. That’s why when choosing a middleman for trading, it’s necessary to find out whether the company has a good reputation, enough experience of working in the market, and a license from a trusted authority. If the company is officially regulated, you will easily find information about it on its website.

Forex brokers are middlemen on the financial markets and they charge traders with commissions. Scammers may not inform you about some necessary payouts. So try to figure out whether unobvious commissions are charged. This often happens during the overnight rollover when the swap is set. Every broker may define it in different amounts. On the equity market, traders might be charged with commissions for margin trading. Their amounts may vary between 1,6-20% annual interest rates.

If you aim to work with the best forex brokers, it’s relevant to pay some time to study their trading conditions, benefits, and disadvantages. You can also read some reviews from real clients of forex brokers. But you have to be very attentive if you want to read real reviews but not ones that are written by bots. Search for trusted forums where only real testimonials are allowed.

Compiling the list of the best forex brokers based on their trading conditions

When we build our rating of the best brokers for forex we pay a lot of effort to analyze the trading conditions of the candidates. To provide our readers with complete information about trading conditions, we study the accuracy of quotations, diversity of trading instruments, and gapping. Minimal deposit is also an important aspect to pay attention to. In our rating of the best forex brokers, there are companies that require different amounts for clients’ starting capital. The list includes both organizations with cent accounts and those that require $200 for the first deposit.

Depending on types of assets, companies of our rating 2022 might be diversified into the following categories:

  1. Stockbrokers. These are companies that give traders access to the exchanges that are specialized in securities trading. The range of available instruments includes bonds, ETFs, shares of large companies;
  2. Forex brokers. Naturally, our rating of the best forex brokers includes companies that work on the forex market. Unlike stockbrokers, forex brokers are off-exchange. Broker Forex — is one of the opportunities to work on the forex market, which is impossible for individuals. Access to the exchange channels is provided by banks and authorities, which are partners of the brokers listed in our ratings;
  3. Binary. Traders can trade binary options. These instruments are considered high-risk so beginners should start trading assets that aren’t listed in the high-risk category;
  4. CFD-brokers. Contracts For Difference can be traded on different markets including forex and stock. CFDs are all the assets with changing prices;
  5. Futures. Brokers of this type provide clients with access to the derivative instruments exchanges where futures, options, swaps, and other complex assets are traded.

The majority of top Forex brokers in our rating aren’t focused on a specific market, they are multifunctional. These companies give traders access to various categories of assets. Binary options are supposed to be the rarest financial instruments due to the reason that they are forbidden to be traded in many countries.

What are the best forex brokers and dealers?

Broker — legal body that is a middleman between a trader and exchanges. Such companies earn from commissions that are charged in form of a percentage from deals made by their clients. Usually, brokers don’t have official licenses from state authorities and are registered in offshore zones. Good forex brokers offer a wide range of financial instruments - from currency pairs and CFDs to shares, commodities, and cryptocurrency.

Dealer — organization that provides access to the Forex market. The key difference is the official license from the state regulatory bodies. Dealers work only with Forex assets. Unlike brokers, dealers are not middlemen, they are buyers and sellers that earn money when the deals of their traders fail. Plus, forex dealers earn from spreads. The good thing for clients is that in cases when they have some problems related to the work of the dealer, they might be supported by the official regulator of the company. In some cases, unfair dealers are even prosecuted.

Broker functions

Access to the assets of the financial market isn’t the only function of the forex trading brokers. Except for making deals of purchasing/selling of the financial instruments, companies provide educational materials and organize courses for new traders. Reliable organizations must warn their potential clients about the risks of working in the financial markets.

The best forex brokers provide services of deals insurance. In addition to this, such brokers are responsible for exchange contracts creation.

How to choose the best forex brokers

When analyzing our rating of the best forex brokers 2022, you should pay attention not only to the popularity of the company, consider your trading strategy, starting capital, the experience of work in the financial markets. New traders should figure out whether the broker offers educational courses. Investors with experience, who are ready to make great deals, should look for companies with low spreads and beneficial trading conditions for the owners of the VIP accounts.

Our Forex Rating displays companies that will suit different traders using various trading strategies. If you, for example, prefer scalping, you should look for a provider with fast execution of orders.

Choosing the best brokers in the rating

When compiling our 2021 rating, we’ve chosen brokers that provide different trading services and investing programs. We also paid attention to the number of their clients, positive and negative reviews of traders, and the proficiency of support managers. In our rating, you will find the best forex brokers in the world, where you will be able to apply scalping, active and passive trading, and other strategies, depending on the available trading conditions.

Commissions and spread

Brokers earn money from commissions and spreads. Commissions are charged during the withdrawals. Before you start working with a brokerage company, it’s necessary to find out whether it charges additional fees for an inactive account, margin trading, or anything else. On the forex market, traders usually pay fees for trading during the nighttime. The percentage is set by the broker and the bank.

When you choose a broker for trading, pay attention to the available withdrawal methods. Every payment system has its own commission for transactions. So when you withdraw your profits, you should consider the amount, type of your account, payment system, and other aspects. Plus, some systems may accept transactions in cryptocurrency.

Spread is the difference between the prices for which an asset is bought and sold. This payment is charged when the deal is closed. There are two types of spread:

  • Fixed — has a pre-determined amount and cannot be changed during the trading process. This type of spread is a perfect option for automated trading. It cannot be impacted by changing rates of assets and the demand level. The fixed spread allows making accurate predictions on the dynamics of the cost.
  • Variable — it’s changed under the impact of the market volatility, deals amounts, and other factors. In some cases, the variable spread may blast through the 50 mark. In normal market conditions, it shouldn’t be higher than 2-5 points. The variable spread becomes higher during the nighttime.

The best online forex brokers always inform their clients about the available spread. You can find this information on the brokers’ website in the “Trading Conditions” section.

Demo account

A demo account is an account where you can trade without making deposits in real money. Demo accounts are used to sample the trading conditions of the broker and the efficiency of the trading strategy of the trader. Such accounts are useful for beginners as well. New traders may use them to gain some experience in online trading. As a rule, trading conditions on demo accounts and real ones are the same.

A platform for automated trading

The majority of modern best forex brokers offer their clients the service of automated trading. There are also social trading platforms, where users can copy deals of successful investors and make profit from them. Active traders like such platforms. They have an opportunity to be listed to the brokers’ rating where the most successful clients are included. If someone copies their deals, they get rewarding commissions for successful ones.

Algorithm trading may be conducted with the help of trading robots and advisers. Such tools analyze the market and offer potentially profitable deals or trade on themselves. Investors can use special tools represented by the best forex brokers. Many traders trade with the help of special systems and develop their own programs. If you use an online adviser, you are responsible for its efficiency. If it causes losses, the company won’t compensate it if the software doesn’t belong to the company.

Leverage

Leverage is loan amounts given by brokers to traders for the sake of making potential profits bigger. This way investors can make bigger deals and deposit less money. For example, if the leverage is 1:100, the amount of deposit is multiplied by 100. If you make a $100 deposit, you will be able to make $10 000 deals.

The average leverage on the standard account of the best forex brokers isn’t higher than 1:500. High leverage is a better option because it corresponds to potential profits. But experienced investors recommend being attentive when making high leverage deals because they might appear to be risky. This is especially relevant for beginners who are not aware of all the peculiarities of forex trading. They are likely to make more mistakes with high leverage.

Types of accounts

Traders can work on different accounts. Trading conditions of the same broker may vary on different accounts. If you open a VIP account, you will be rewarded with additional bonuses and promotions such as cashback, individual analytics, personal manager, access to the rating of the most beneficial forex assets of the broker.

Technical Analysis

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