It is no secret that the foreign exchange (forex) market is one of the largest, most liquid markets in the world, with a daily trading volume of over $6 trillion. With so much money changing hands on a daily basis, it is no wonder that there is a need for reliable, trustworthy forex brokers to facilitate these transactions.
In this blog post, we will take a look at some of the best forex brokers and FX trading platforms in 2022. We have compiled a list of brokers that we believe are well-suited for retail traders, as well as some that are better suited for institutional investors.
IG
IG is a UK-based forex broker that was founded in 1974. The company offers a wide range of currency pairs, as well as CFDs, spread betting, and options trading. IG is regulated by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA).
Plus500
Plus500 is a UK-based forex and CFD broker that was founded in 2008. The company offers a wide range of currency pairs, as well as CFDs on indices, commodities, and cryptocurrencies. Plus500 is regulated by the Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC).
Saxo Bank
Saxo Bank is a Danish forex and CFD broker that was founded in 1992. The company offers a wide range of currency pairs, as well as CFDs on stocks, commodities, and cryptocurrencies. Saxo Bank is regulated by the Danish Financial Supervisory Authority (FSA) and the UK Financial Conduct Authority (FCA).
CMC Markets
CMC Markets is a UK-based forex and CFD broker that was founded in 1989. The company offers a wide range of currency pairs, as well as CFDs on indices, commodities, and cryptocurrencies. CMC Markets is regulated by the Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC).
TMGM
TMGM is a Cyprus-based forex and CFD broker that was founded in 2016. The company offers a wide range of currency pairs, as well as CFDs on indices, commodities, and cryptocurrencies. TMGM is regulated by the Cyprus Securities and Exchange Commission (CySEC).
FXCM
FXCM is a UK-based forex and CFD broker that was founded in 1999. The company offers a wide range of currency pairs, as well as CFDs on indices, commodities, and cryptocurrencies. FXCM is regulated by the Financial Conduct Authority (FCA) and the Commodity Futures Trading Commission (CFTC).
StoneX
StoneX is a US-based forex and CFD broker that was founded in 2020. The company offers a wide range of currency pairs, as well as CFDs on indices, commodities, and cryptocurrencies. StoneX is regulated by the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA).
Pepperstone
Pepperstone is an Australian forex and CFD broker that was founded in 2010. The company offers a wide range of currency pairs, as well as CFDs on indices, commodities, and cryptocurrencies. Pepperstone is regulated by the Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority (FCA).
