6 Best Global Forex Brokers for 2022

In this article we break down the 6 best global Forex brokers which provide traders with excellent advantages in all of the above criteria.

1. AvaTrade

AvaTrade offers a wide range of trading options, including FX and CFDs on indices, equities, commodities, and exchange-traded funds (ETFs). As a newbie trader, youll find the AvaTrade web trader and AvaTradeGO mobile trader quite user-friendly.

Fees are incorporated into the spreads provided by AvaTrade, which is a commission-free broker. Over 50 currency pairs, including major, minor, and exotic pairings are available to traders, with a variety of base currencies, including the pound sterling.

2. Exness

As a forex and CFD broker, Exness offers access to trading currencies, cryptos and stock indexes as well as commodities like gold and silver. Additionally, Exness provides the MetaTrader 4 and 5 trading platforms. Traders can choose from a wide range of account kinds to suit their needs.

Advanced traders and those who use automated trading tactics can take advantage of free VPS hosting. Exness clients can now invest in the tactics of other traders thanks to social trading.

3. HotForex

HotForex (HF Markets Group UK Ltd.) is a multi-asset online broker that offers trading options in forex, commodities, indices, and more. Leading liquidity providers are accessed through the brokers direct market access, with a London headquarters as a convenient backbone for all operations.

In addition to MetaTrader 4 (MT4) and MetaTrader 5 (MT5), HotForex offers a variety of trading features, with a number of web terminals and desktop apps for both novice and expert traders.

4. OctaFX

OctaFX is an excellent ECN DMA broker for scalping, risk management, and automated trading. With a minimal spread, a modest deposit, and its own copy trading service, its ideal for a wide range of investors and traders.

OctaFX offers its own, simple-to-use OctaFX mobile trading platform in addition to the most widely used MT4 and MT5 trading platforms.

Market execution is completed in less than 0.1 seconds. In addition, there are no requotes to be found. Since the spreads are so narrow, trading here offers the most competitive prices.

5. IC Markets

Online trading brokerage IC Markets, which is situated in Sydney, Australia, and is regulated by ASIC, is a well-known and established company.

CFDs on stock indexes, precious metals, and even popular cryptocurrencies such as Bitcoin are all available through the brokerage firms wide range of instruments.

Those that trade frequently understand the importance of minimizing trading costs. Day traders dont have to worry about losing money due to hefty commissions or trading expenses, while spreads on EUR/USD are merely 0.1 on average.

Therefore, IC Markets are an excellent choice for high-volume trading.

6. Oanda

When it comes to forex trading, Oanda has a solid reputation. The company offers 124 trading instruments which are complemented by corporate FX services, currency management solutions, and rate data for multinational corporations.

Oanda provides access to 71 currency pairs, 16 stock index CFDs, 23 metal CFDs, 8 commodity CFDs, Bitcoin CFDs, and 6 CFD bonds through its trading platform.

In addition to MetaTrader 4, you can utilize Oandas proprietary desktop applications and other platforms. Additionally, developers work tirelessly to integrate new features.