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Best Forex Broker

Top Forex Brokers For Forex Trading in 2022

Here are the best forex brokers for 2022. For all sorts of traders, these best forex brokers provide the greatest platforms. For effective trading in the Forex market, selecting the right Forex broker is critical. Choosing the finest brokerage firms with the best trading conditions is difficult for both expert and beginner traders. Before selecting the best Forex broker for traders, it is necessary to master tasks such as understanding commissions, the availability and types of trading instruments, and analyzing various forms of trading accounts.

The professionals at Beo Fx work tirelessly to analyze the activity of Forex brokers in various countries based on a variety of parameters. We focused on the size of the spreads, trade execution, the sets of supported trading tools, the quality of the support service, and a few other essential elements while calculating our assessment. These data were used to produce a list of the best Forex brokers in 2022, according to Beo Fx.

How to Choose the Best Forex Broker

Choosing the right Forex requires careful consideration. Here are 5 features to look for.

  1. Choose a broker based on trading goals. For secured, active trading and investment, the best forex broker can unappealing.
  2. It is crucial that the broker is licensed and regulated in your country. In the Europe, it is one of the European regulators. United states only permits broker with local licenses.
  3. Select a broker recommended by Beo forte with appropriate rating.
  4. Carefully study the trading conditions and reviews by individuals and professionals.
  5. Open a brokerage trading account, invest and start trading.

Which is the best broker for forex trading in 2022?

We selected the best forex brokers in all of these areas and more by intensive study and rigorous adherence to our robust approach, resulting in our top rankings below. Our goal has always been to assist people in making the best decisions possible about how, when, and where they trade and invest. Given recent market volatility and changes in the online forex brokerage business, we are more dedicated than ever to provide our readers with unbiased and expert assessments of the best trading platforms for traders of all levels, in all markets.

1. Deriv Broker

Deriv Broker

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Deriv broker formerly known as Binary was established in year 2000, with exponential growth, deriv is one of the world’s largest online brokers aimed to break free of the high commissions and clunky products offered by traditional brokers. Deriv is licensed by the British Virgin Islands Financial Services Commission (licence no. SIBA/L/18/1114) and regulated by the Vanuatu Financial Services Commission; and Deriv (SVG) LLC, Hinds Buildings, Kingstown, St. Vincent and the Grenadines. Deriv offer derivatives on forex, CFDs,indices, cryptocurrencies, commodities, and synthetics to 2.5millions of active registered user and partners across 10 countries and 50 nations with a total turnover of 10 billion dollars. Deriv has won numerous awards and has over 100+ tradable instruments.

Advantages of Trading with Deriv

  • 24/7 non stop trading even on weekends
  • Fast execution orders
  • Fast deposit and withdrawals
  • Offers synthetic indices
  • Tight spreads
  • Option trades with sharp price
  • Local payment agents

Deriv Weaknesses 

  • Slow support response
  • synthetic indices works only on mt5

2. 4XC Broker

4XC Broker

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4XC trading Company was founded in 2018 formerly 4xcube. The broker is actively managed by Geomatrix Limited,4XC is a trademark of Geomatrix Ltd, registered in the Cook Islands with number ICA 12767/2018 and licensed by the FSC (Financial Supervisory Commission) with Money-Changing License number MC03/2018. The broker currently has CFDs available for cryptocurrency, stocks, more than 100 currencies, energy and metals. 4XC  provides flexible and workable installment program for clients with little or no trading capital with low commission, instant execution of orders and fast withdrawal of funds. A maximum  leverage up to 1.500 makes it possible to earn on small deposits.4XC have several account opening options tailored  to meet your financial market goals. The company has won numerous prestigious awards.

4XC Advantages

  • Access installment payments up to $5,000
  • Instant withdrawal of money 24/7
  • Segregated accounts
  • Tight  spreads

4XC Spreads

  • No dealing desk
  • Multiple trading platforms: MT4, MT5, MultiTerminal, mobile platform.

4XC Weaknesses

  • $100 minimum deposit.
  • No deposit bonus.
  • 14 days demo account.
  • customer service offers support 24/7
  • $25,000 minimum deposit to VIP accounts.

3. Exness Group

EXNESS GROUP

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Since 2008, Exness Trading Company has been active in the Forex market. Nymstar Limited, a corporation based in the Republic of Seychelles, is in charge of the broker’s operations. The service is governed by CySEC (Cyprus Securities Commission), FCA (Office of Financial Regulation and Supervision of Great Britain), and FSA (Financial Services Authority) licenses (Office of Financial Regulation and Supervision of the Republic of Seychelles). In terms of Forex ratings, the broker is in first place. The monthly trading turnover of the corporation is $325.8 billion dollars. CFDs are presently available for bitcoin, equities, over 120 currency pairs, energy, and metals at the broker. Exness’ service offers traders advantageous working conditions, including a swap-free account, cheap commissions, rapid order execution, and instant cash withdrawal.

An infinite leverage makes it possible to earn on small deposits up to $999. Depending on the demands of the traders, there are numerous choices for starting an account. There is a demo account available, which is a training account that may be used by both novice, intermediate, and experienced traders.

4. Hotforex

Hotforex Broker

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Hotforex is a brokerage firm that began operations in 2010. Hotforex Markets (SV) Ltd is a company registered in St. Vincent and the Grenadines with the company number 22747 IBC 2015 and the address Suite 305, Griffith Corporate Centre, P.O. Box 1510, Beachmont Kingstown, St. Vincent and the Grenadines. With over 2,500,000 active accounts, it is also registered in the Republic of Seychelles. A broker who has won numerous industry accolades. It serves financial markets in more than 70 countries. Hotforex, which represents the leading software developers in the Forex market, has over 3.5 million clients and partners. The most reputable financial market professionals regard Hotforex as a trustworthy partner.

Hotforex Major Advantages

  • zero spreads
  • account leverage up to 1:1000
  • 100% deposit bonus
  • zero percent deposit fee
  • 1200 plus trading instruments
  • segregation of funds
  • negative balance protection
  • multiple trading platforms
  • 27 support languages

Hotforex Weaknesses

  • Hotforex doesn’t have a swap free account.
  • No Islamic account.
  • Support not extended to Weekends

5. FBS Online Forex Broker

FBS Online Forex Broker

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FBS broker was founded in 2009, with Registration No. 119717; FBS Markets Inc is regulated by IFSC, license IFSC/000102/198; Address: 2118, Guava Street, Belize Belama Phase 1, Belize. FBS has grown phenomenally and exponentially in financial markets industry with wide range of of over 100 trading instruments. FBS offers financial markets services to 150 countries and with over 15 million active traders and partners. In 2020, despite the pandemic, FBS became an official partnership with a renowned football club( Barcelona Fc) and also official principal partnership of Leicester city. In 2019, FBS bagged awards as the Most Progressive Forex Broker Europe, Best Forex Broker Europe, Best Forex Broker Vietnam, Best Forex Broker Middle East, Best Copy Trading Platform, Best Trading Service in Vietnam, Best Broker in Malaysia and so many other numerous awards.

FBS Advantages 

  • $1 minimum deposit
  • spreads from 0.0 pips
  • swift execution orders
  • 100% Deposit bonus for trading
  • FBS has the most transparent affiliate commission: up to $80 per lot
  • Deposits and withdrawals through system in any currency
  • Super Customer support in your native language 24/7

FBS Weaknesses

  • No PAMM account
  • Slippage in quotes
  • only two real account

6. Forex4you Broker

Forex4you Broker

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Forex4you is a brokerage company that was founded in 2007. In the Forex market, the company offers a full range of active and passive trading services. The company’s operations are licensed by BVI FSC (license number SIBA/L/12/1027) and are based in the British Virgin Islands. Forex4you has a high level of accountability and professionalism. According to Le Fonti, the company was awarded the ‘Best Broker’ award in 2018, which is the company’s greatest honor. Prior to this, it had constantly won and been nominated for accolades such as “Forex Broker of the Year” and “Best Service Quality.”

Forex4you Advantages

  • conducive trading conditions for beginners.
  • restrictions free trading on scalping and algorithmic trading.
  • passive income – social trading platform for everyone.
  • contingency broker insurance of $10 million.
  • cent accounts available with a minimum transaction amount of 2 cents.

Forex4you Weaknesses

  •  MT4 and a proprietary solution to be roll out soon.
  • There is no МТ5 platform
  • Support teams to improve reports of delayed response. Сustomer support  response very slow.

7. XtreamForex

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XtreamForex has the most competitive prices in the market, which no one else can match. There will be no Dealing Desk Intervention because your order will be sent directly to their Liquidity Providers.

XtreamForex focuses on providing the best advice to help you turn your ideas into profits. XtreamForex has a top-notch team that provides excellent services and has years of experience. The great team is laying the groundwork for the company’s prosperous, bright, and secure future, and committed to developing long-term connections with our customers.

XtreamForex Advantages

  • Best Forex Trading Conditions
  • Deep Liquidity from Top Tier liquidity providers
  • Exceptional Customer Service
  • Fastest Deposits and Withdrawals
  • Negative Balance Protection
  • Security of Client Funds
  • Superior Quality of order execution
  • Trade on competitive prices (raw or marked-up) straight from our LPs
  • Very tight Limit/Stop Levels
  • Widest Suite of Forex Trading Products

XtreamForex Weaknesses

  • Quotations slippages
  • No relevant news
  • Commissions overestimation during trading.

8. Alpari Group

Alpari Group

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The Alpari Group, which today is known across the world, was established in 1998 in Russia during one of the country’s most devastating economic crises. Alpari International is licensed and regulated by the financial services commission of the republic of Mauritius with a dealer bearing license number C113012295. Alpari offers both active Forex trading and investment. Alpari Group is also registered in the territory of Saint Vincent and the Grenadines with  license is № 20389 IBC 2012, issued by the Registrar of International Business Companies.A active business name of exinity limited with over 3,000,000 million active clients and partners. Alpari provides services to over 60 countries and a tradable asset of 250 trading instruments. Alpari Group is one of the oldest and most trusted trading platforms with no dealing desk or slippage with a fast execution orders. In 2020 alpari won “the most transparent broker” award and so many numerous awards.

Advantages of Trading with Alpari Group

  • spreads from 0.1 pips
  • swift support system
  • No slippage
  • loyalty cash back program
  • over 120 trading instruments
  • segregation of funds
  • Minimum deposit of $5
  • Leverage up to 1:1000

Alpari Weaknesses

  • swap free account holders pay a fixed commission.
  • Trading on the MetaTrader 5 platform is available only for traders with standard accounts, and swap-free Forex Islamic accounts work only on MetaTrader 4.
  • Slow withdrawal of funds

9. Grand Capital

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Grand Capital is an international brokerage organization that has been providing currency and derivatives trading and investing services since 2006. Grand Capital engages in the retail financial market and provide services to individual clients all around the world. Our award-winning partnership program enables us to provide high-quality services in customers’ local languages to clients all around the world, even in areas where Grand Capital has no offices.

Grand Capital is a member of FinaCom, an international independent financial commission that safeguards the interests of traders, and  employ Serenity Escrow’s blockchain technology to prevent money laundering.

Grand Capital Advantages

  • Minimum deposit of $10
  • Unique copy-trade and investment program
  • Highest affiliate payments from $15 per standard lot
  • STP and ECN market launch
  • Instant withdrawal

Grand Capital Weakness

  • 36, for accounts: Pro, Pro-Cent, ECN, Prime
  • No cryptocurrency tools when trading on the  platform

10. IC Market

IC Market

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IC Markets uses enterprise-grade hardware on their trade servers in the NY4 and LD5 data centers in New York and London. In these data centers, IC Markets trader servers are colocated with their price providers’ data servers. Dedicated fiber optic cross connections connect them with their price providers, ensuring the lowest latency and fastest trade execution for our clients.

To provide you with the finest trading experience and cutting-edge trading tools, IC Markets has teamed with the world’s best trading technology companies. Depth of Market (DoM), integrated spread monitoring, ladder trading, automated close of trades with custom order templates, and more are among the features available. Their trading apps for iPhone and Android have been optimized to give you the finest mobile trading experience possible.

IC Markets Advantages

  • Unique service to accounts protection from negative balance.
  • Automatic transactions monitoring and a special risk management system.
  • Funds  compensation to investors, ensuring the client’s funds
  • Availability of trusted and reliable expert dvisors for novice and intermediate traders.
  • Swift customer support and a wide range of services, even in conditions of negative balance on trader’s account
  • Daily market analysis for VIP-accounts holders and prompts notice to fundamentals.
  • 100 million euros company’s capital
  • Islamic accounts available to traders adhering to the Sharia principles.
  • High level of training and  research department specialists, to provide clients with the most reliable working conditions.

IC Markets Weaknesses

  • Minimum  deposit of $200
  • Does not support local withdrawal methods or third party
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