Which is the best forex broker to trade with in 2022? This is a question that many traders ask, and understandably so – choosing the right broker can make a big difference to your trading results.
In this article, we will take a look at some of the factors you need to consider when making your choice, and give our recommendations for the best forex broker 2022.
Let’s start.
How to choose the best forex broker 2022?
Below are the main factors you need to compare while making your choice:
License availability – Brokers that operate without regulation pose a major problem for traders in their unscrupulous practices.
Leverage size – Leverage is a powerful tool that can make you a lot of money if you use it correctly. But before making any trades, be sure to know how much risk is involved and what could happen if the trade goes wrong.
Trading platforms and tools – The broker who offers a powerful trading platform with all the necessary tools to trade will always be in priority of the majority of traders.
Excellent customer service – Forex traders need to monitor their investments. This is why the 24/5 customer service is a must, so they can always be in touch with what is going on.
Best forex brokers 2022
The brokers we have selected meet the factors we have mentioned above. Let’s go through each now:
HFM
HFM is a great company to trade with if you want many trading tools and high-quality customer support. The advantages of trading forex with HFM include:
- convenient platform options
- guaranteed security
- multiple account types
- free VPS hosting
- educational materials for traders at different levels.
In addition, the brokerage company is regulated by 5 authorities which confirms its reliability one more time.
Rating: 5
Markets.com
Markets.com is a great way to get your feet wet in the world of trading, without having too much experience in the finance industry. There are 4 different platforms with 14 high-quality tools that will help beginner traders grow their portfolios including an extensive library on asset selection techniques. The broker also offers webinars where newbies can learn more about becoming knowledgeable when it comes to managing investments or making decisions quickly during times when markets fluctuate.
Rating: 4.9
TD Ameritrade
TD Ameritrade offers a range of tradable products, and foreign currency is one of them. The broker uses spread pricing and offers 50:1 leverage, and more than 70 currency pairs are available for trading. The advantages of the broker are:
- high level of customer support
- free research
- good trading platforms
Rating: 4.9
Pepperstone
Pepperstone is the perfect place for beginners who want to get started in Forex trading and for experienced ones as well. The company offers great customer service and a simple platform with plenty of options available, so your money will be safe.
It also has quick account opening processes that can happen within 10 minutes or less – this is perfect if you’re just starting out too.
Rating: 4.8
Saxo Bank
Saxo Bank is a reliable and trustworthy option for traders who want to get ahead in the Forex market. They have been providing easy-to-use tools as well as informative content since their inception, making them one of the most reputable companies when it comes to online trading. The website is simple enough that beginners could get started right away too, meaning there’s never been a better time trading online.
Rating: 4.8
HFM is the best forex broker to trade with
According to our research, HFM is the best forex broker to trade with in 2022. It meets all the requirements both in terms of legality and in terms of meeting the traders’ needs and requests. With the combination of all the most necessary qualities of a reliable and competent broker, the company rightfully becomes the leader of our list.
Conclusion
As you see, the choice of a broker is one of the key moments while starting forex trading. We hope, that the article will help you in this task and you will find a reputable broker that will help you to start your trading journey as effectively as possible.
Good luck!