Top 10 Forex Traders in the World

Top 10 Forex Traders in the World.

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Best Forex Brokers for 2022

The ForexBrokers.com annual forex broker review (six years running) is the most cited in the industry. With over 50,000 words of research across the site, we spend hundreds of hours testing forex brokers each year. Here’s how we test.

Are you looking to speculate that the Euro (EUR) currency will go up in value against the U.S. Dollar (USD)? To do so, you would trade (or place a spread bet on) the EUR/USD currency pair, which is a forex investment. The forex market is the largest and most liquid market in the world, representing every mendunia currency with trading conducted 24 hours a day, five days a week.

To trade forex, you need a reputable online broker. Trading with a trusted forex broker is a crucial factor for success in international currency markets. As a contract for difference (CFD) trader or forex investor, you may have specific needs related to which platform, trading tools, or research requirements you have. Understanding more about your investment style needs can help determine which forex blantik will be best for you.

Each year, our team here at ForexBrokers.com spends five months eksamen the biggest names in foreign exchange and assembles a guide to the best forex brokers for forex and CFDs trading. Here are our findings for 2022.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% of retail penyandang dana accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Best Forex Brokers for 2022


  • IG

    – Best overall broker, most trusted

  • Saxo Bank

    – Best web-based trading platform

  • CMC Markets

    – Excellent overall, best platform technology

  • Interactive Brokers

    – Great overall, best for professionals

  • TD Ameritrade

    – Best desktop platform, U.S. only

  • FOREX.com

    – Excellent all-round offering

  • XTB

    – Great research and education

  • City Index

    – Excellent all-round offering

  • eToro

    – Best for copy and crypto trading

2022 Category Winners

For the ForexBrokers.com 2022 Annual Review, all online broker participants were assessed on 113 variables across seven primary categories. 4,407 data points were collected in jumlah. Here’s how we tested.

Alongside primary categories, ForexBrokers.com ranks brokers by the most popular investor categories. Finally, each year ForexBrokers.com honors the brokerages who go above and beyond in the areas that matter most to investors.

Winner: IG

IG logo

Regulated and trusted across the bola dunia,
IG
offers traders the ultimate package of excellent trading and research tools, industry-leading education, comprehensive market research, and an extensive list of tradeable products. This fantastic all-round experience makes IG the best overall cengkau in 2022.

  • Trust:
    Founded in 1974, IG is publicly traded (LON: IGG) and regulated in six tier-1 jurisdictions, making it a safe broker (low-risk) for forex and CFDs trading. All jurisdictions considered, IG ranks as the most trusted forex and CFDs makelar in our 2022 Review.
  • Commissions:
    IG uses its size to provide traders with consistent pricing across the board — regardless of the product you trade — and shines for its active trader pricing available through its Forex Direct accounts.
  • Forex trading platforms:
    While IG also offers MetaTrader and premium MT4 add-ons from FX Blue, only 76 tradeable instruments are available. There’s no question; IG’s flagship tribune is the better choice between the two, and offers an extensive range of tradeable markets.

Runner-Up: Saxo Bank

Saxo Bank logo

For traders who can afford the steep $2,000 paling kecil deposit (GBP 500 for the U.K.),
Saxo Bank
offers fair pricing, excellent trading platforms, phenomenal research, reliable customer service, and over 40,000 instruments to trade.

  • Trust:
    Founded in 1992, Saxo Bank operates multiple regulated banks and is licensed in six tier-1 jurisdictions, making it a safe broker (low-risk) for trading forex and CFDs.
  • Commissions:
    Saxo Bank provides traders with excellent all-around pricing. For active traders (and those with large account balances), Saxo Bank offers competitive pricing in its Platinum and VIP accounts, which require a $200,000 and $1 million balance, respectively.
  • Forex trading platforms:
    The entire Saxo Trader client experience is absolutely brilliant. Alongside access to 40,000 tradeable instruments, Saxo Bank’s flagship SaxoTraderGo platform is terrific, and includes everything traders require to navigate the market — and is our pick for the best web-based platform in 2022.

Podium finisher: CMC Markets

CMC Markets logo

CMC Markets
is a globally-trusted broker that delivers a terrific offering for traders thanks to notably low pricing, nearly 10,000 tradeable instruments, and the Next Generation trading tribune, which comes packed with quality research and innovative features such as its Dynamic Trading portfolio tool.

  • Trust:
    Founded in 1989, CMC Markets is publicly traded and regulated in four tier-1 jurisdictions alongside two tier-2 jurisdictions, making it a safe talang (low-risk) for trading forex and CFDs.
  • Commissions:
    CMC Markets is a leader for low-cost trading, offering trading costs for forex that are measurably lower than the industry average.
  • Forex trading platforms:
    The CMC Markets Next Generation platform comes with a massive selection of nearly 10,000 tradeable instruments. With its advanced tools, comprehensive market research and excellent mobile app, CMC delivers a terrific user experience.

Best Forex Trading Platforms

We’ve conducted thorough tentamen of the best trading platforms offered by dozens of the top forex brokers in the industry. Of the 40+ brokers that we’ve evaluated, we’ve selected our top picks for brokers that provide the best trading platform experience and listed them below (click on the pialang’s name if you want to read our full-length broker review):

  • Saxo Bank
    – Best VIP client experience
  • IG
    – Most trusted, great for beginners
  • CMC Markets
    – Best platform technology
  • Interactive Brokers
    – Best for professionals
  • TD Ameritrade FX
    – Best desktop platform (U.S. only)
  • FXCM
    – Great for algorithmic traders
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What does a forex broker do?

A forex broker is a company that is licensed (or considered exempt) by a national regulator to grant you — as a retail or professional client — the ability to buy or sell foreign currencies, by way of an online trading platform or over the phone (known in the industry as voice broking). A forex broker may offer you the underlying currency, or a non-deliverable spot contract or derivative such as a contract for difference, or CFD, depending on any relevant country-specific regulatory restrictions. It’s important to only use brokers that are properly regulated to reduce your risk of being scammed.

Do I need a broker for forex?

Yes, to trade forex you’ll need to use a forex blantik. You’ll need to open an account and deposit enough collateral (margin) to enable you to place orders with your broker to buy or sell forex.

The forex broker’s job is to execute your orders — either internally by acting as the principal to your trade (market maker execution) or by sending your orders to another market, thus acting as your agent (agency execution).

Your broker should be regulated and properly licensed in your country of residence (or in a major financial center). We’ve included a few important questions that are worth asking to help determine if your forex broker is trustworthy:

  • Does the broker have adequate financial operating capital?
  • How long has the broker been in operation?
  • Does the blantik hold proper regulatory licenses in the countries where it operates, and is it in compliance with local laws?

securityFind a trustworthy cengkau:

ForexBroker.com’s proprietary Trust Score ranks forex brokers based on their reliability and overall trust. We evaluate and track dozens international regulatory agencies; click here to learn more about Trust Score.

How much money do you need to start trading forex?

The specific amount of money you’ll need for trading forex will depend on multiple factors, such as your personal financial situation, your trading goals, and your tolerance (or appetite) for risk.

Beginner forex traders might start trading forex with as little as $100, while it’s titinada uncommon for professional day traders to have six or even seven-figure trading accounts. If you are a beginner, you’ll first need to determine if forex trading is suitable for you. Check out our guide to trading forex for beginners here.

The next step will be deciding on your trading budget. This is especially important given the risks involved in trading forex from a margin account. Forex brokers typically offer a range of contract sizes so you can fine-tune the size of your trade – which will determine how much risk you are taking for a given profit target.

A micro account with a low margin requirement would make it possible to trade forex and test a trading strategy with as little as $100 of risk capital. In this case, your potential risk will be limited – but so will your potential rewards. Trading forex with a small amount of risk capital can let you test a new investment methodology, or allow beginner traders who are new to forex trading to learn by trial and error without “breaking the bank.”

percent
Pro tip:

For most beginners, trading forex with an amount of capital that you can afford to lose can be a great way to learn with less risk, and can be of value if you focus on the percentage returns rather than their dollar value.

Which talang is the best for forex?

IG takes first place in our 2022 Annual Review as the best forex makelar, with 100 available currency pairs and the ability to trade CFDs and forex options, traders have plenty of choices. IG is the only perantara that is regulated in both Switzerland and the U.S., in addition to nearly a dozen global licenses — making IG one of the most trusted brokers.

Who is the biggest forex broker in the world?

IC Markets is the largest forex talang by trading volume, with oper $774 billion in forex trading volume in the third quarter of 2021 alone, according to data compiled by Finance Magnates.

expand
What does it mean to be the biggest forex broker?

What can be considered the largest forex broker may vary depending on the time period used to measure size. Important factors to consider when gauging the size of a forex broker are the assets under management, number of clients, and market capitalization (valuation for public companies).

What are the top 10 forex brokers?

Here are the top 10 brokers by forex and CFD trading volume according to data compiled by Finance Magnates during the third quarter of 2021 (data excludes Japan due to the abnormally high trading volumes known to come from Japanese brokers):

  • Exness
  • IC Markets
  • IG
  • Plus500
  • Saxo Bank
  • CMC Markets
  • TMGM
  • FXCM
  • StoneX (FOREX.com and City Index)
  • Pepperstone

Which forex broker has the best trading platform?

CMC Market’s Next Generation mimbar comes with a massive selection of nearly 10,000 tradeable instruments. It delivers a terrific user experience, as well as advanced tools, comprehensive market research, and an excellent mobile app. Hands down, the CMC Markets Next Generation trading platform is a market leader that will impress even the pickiest of traders. The new Dynamic Trading tool allows you to place multiple trades simultaneously, which was a nice innovation by CMC Markets this year.

CMC Markets Next Generation Platform light theme

Best forex brokers for different styles of trading

What do you value most in a forex broker? Maybe you want to trade forex on the go. You might be looking for the most cost-effective forex brokers. Or maybe you are a beginner forex trader who is just getting started.

With a wide range of forex brokers comes a wide variety of features and specialties. To help you find the best forex broker for what you’re looking for, we’ve listed our top picks for some of the most sought-after features in the forex industry.


  • menu_book  Great for beginners

    – IG’s vast selection of educational materials (it even has a mobile app dedicated to trader education, called IG Academy) makes it our top choice for beginner traders. Check out our full guide on the best forex brokers for beginners here.

  • smartphone  Excellent trading app

    – Saxo Bank’s SaxoTraderGO mobile app boasts an impressive, intelligent design, paired with an abundance of useful information that makes it easy for traders to make clear-headed decisions, making it our top trading app. Check out our full guide to the best forex trading apps here.

  • groups    Social copy trading

    – Interested in following the trades of expert forex traders? eToro deftly merges self-directed trading and copy trading into a sleek, unified trading experience. Copy traders can read our full social copy trading guide here.

  • rupiah  Low costs

    – Of Tickmill’s three accounts (Classic, Pro, and VIP), it was the competitive commission-based pricing for professionals available through its VIP and PRO accounts that helped Tickmill finish 1st overall for Commissions and Fees. Take a look at our full guide dedicated to low-cost and nihil spread brokers here.

  • app_shortcut  MetaTrader

    – IC Markets’ MetaTrader offering includes an impressive range of third-party research and trading tool plugins, which helped IC Markets earn our pick for the best MetaTrader blantik. Here’s our full guide covering the best MetaTrader brokers.

  • currency_bitcoin Crypto trading

    – eToro’s easy-to-use copy trading tribune and its large number of available crypto assets made eToro our top pick for both crypto and copy trading in our 2022 annual review. Check out our guide that covers crypto trading and the best bitcoin brokers here.

  • laptop_mac  Mac Compatible Brokers

    – Saxo Bank – Streamlined designs and robust trading tools make Saxo’s desktop platform, SaxoTraderPRO, a winner. Mac users should take a look at our guide to the best forex trading platforms for Mac devices.

Which forex broker offers the most CFDs?

IG offers the most tradeable CFDs in the industry, 19,537. CFDs, or “contracts for difference,” enable traders to speculate whether the price of a stock, forex pair, market index, or commodity will go up or down without taking ownership of the underlying asset.

Which forex pialang offers the most currency pairs?

Alongside nearly 10,000 CFDs, CMC Markets offers the most tradeable currency pairs, with 158 pairs that can be quoted both ways (i.e. EUR/USD or USD/EUR), which comes to a total of 316 pairs.

Which forex makelar is best for professionals?

As a highly-trusted and regulated global brand, Interactive Brokers (IBKR) provides everything professional traders might need, from advanced trading tools and platform features to competitive pricing across a wide variety of markets, as well as connectivity to adv lewat 130 mendunia exchanges. In addition to competitive spreads and low commission-based pricing for forex, Interactive Brokers provides more third-party research than any other broker.

Interactive Brokers continues to innovate its podium offering, such as with its new Impact app for environmental, social, and governance (ESG) investing, alongside the related Impact dashboard available in its Trader Workstation (TWS) desktop and WebTrader platforms.

Professional client harga diri: In today’s highly regulated forex world, traders who want to maximize their margin leverage must apply and obtain ESMA’s professional client pamor with their cengkau. Traders designated as Professionals in the EU do not receive negative balance protection and other consumer safety mechanisms such as eligibility for compensation schemes in the event of a blantik’s insolvency.

biotech
Methodology:

To determine the best forex brokers for professional traders, we broke down each makelar’s active trading program, and compared all available rebates, tiers, and all-in costs. Trading platforms were then tested for the quality and availability of advanced trading tools frequently used by professionals.

How do I choose a forex cengkau?

Here are three of the most important factors to keep in mind when choosing an online calo for forex trading.

  1. First, make sure your broker is properly licensed and regulated. The safety of your endapan is always the top priority.
  2. Next, compare the account offerings, trading platforms, tools, and investment research provided by each broker.
  3. Finally, read detailed forex broker reviews to compare pricing and product offerings (e.g., number of forex pairs and CFDs available to trade) to find what is most important to your forex trading and investment needs.

compare_arrowsCompare and choose:

Not sure how to go about choosing a forex pialang? Check out our Forex Calo Compare Tool to compare dozens of the biggest forex brokers in the industry and analyze their top tools and features. Our Compare Tool is fed by data gathered by our expert researchers for our forex broker reviews, so you can feel confident you have the most up-to-date information at your fingertips.

How do I know if my forex broker is regulated?

It’s important to make sure that your forex talang is well-trusted and properly regulated in order to avoid forex scams. To see an intuitive, comprehensive list of highly regarded regulatory agencies, check out our Trust Score page. Also, be sure to check out our in-depth reviews of forex brokers – we detail the regulatory prestise of each solo forex broker across the international forex landscape.

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We’ve also put together a step-by-step guide to help you determine if your forex broker is well-regulated:

  1. Find its license number:
    Identify the blantik’s registration number from the disclosure text at the bottom of the broker’s homepage.
  2. Confirm the talang’s public profile:
    Look up the entity name (i.e. the resmi company or brand name) on the regulator’s website to validate the registration number.
  3. Confirm regulatory status:
    We track, rate, and rank forex brokers across oper 20 international regulators, and you can find the official websites of the biggest, most important international regulators on our Trust Score page.
  4. Mondial availability:
    Confirm that the talang can accept clients in your country of residence. If the pialang lacks regulation in your home country, it’s still worth checking to see if they can legally accept clients from your country (for example, if the makelar is regulated in an alternate jurisdiction that is deemed acceptable).
  5. Verification:
    Call the phone number or contact the email address listed on the regulators’ website if you have any doubts as to the legitimacy of a website or brand purporting to be regulated.

ForexBrokers.com 2022 Overall Ranking

Here are the Overall rankings for the 39 online brokers who participated in our 2022 Annual Review, sorted by Overall ranking.

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Methodology

At ForexBrokers.com, our evaluations of online brokers and their products and services are based on our collected quantitative data as well as the qualitative observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the online forex brokerage industry, and we evaluate dozens of international regulator agencies (click here to learn about how we calculate Trust Score).

Our research team conducts thorough testing on a range of features, including each blantik’s spesial products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each talang – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables.

We also take an in-depth look at each talang’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimal sedimen requirements, VIP rebates and/or discounts, and an exhaustive list of other important fee-based data points.

Some of the other important research categories that are factored into our tentamen include mobile trading accessibility and capability, availability of market research and educational content, and each blantik’s overall Trust Score.

All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running macOS 12.5 to test trading on the go.

We also test on mobile devices; for
Apple, we test using the iPhone XS running iOS 15, and for
Android
we use the Samsung Galaxy S9+ and Samsung Galaxy S20 Ultra devices running Android OS 12.

Ultimately, our rigorous data validation process yields an error rate of less than .1% each year, providing site visitors with quality data they can trust. For a full explanation and accounting of our research and testing process, please click here to learn more about how we test.

Forex Risk Disclaimer

There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but titinada limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Read more on forex trading risks.

About the Author

Steven Hatzakis

Steven Hatzakis

Steven Hatzakis is the Mondial Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).

Blain Reinkensmeyer

Blain Reinkensmeyer

Blain Reinkensmeyer has 20 years of trading experience with oper 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online blantik industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other ki alat outlets.

John Bringans

John Bringans

John Bringans is the Senior Editor of ForexBrokers.com. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content.

Joey Shadeck

Joey Shadeck

Joey Shadeck is the Content Strategist and Research Analyst for ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry purnawirawan, Joey obtains and verifies data, conducts research, and analyzes and validates our content.

Top 10 Forex Traders in the World

Source: https://www.forexbrokers.com/guides/forex-trading