To become a successful forex trader, choosing the right forex broker is crucial. Your choice for a reputable forex broker is an important factor for success in the international forex market. Forex trader or investor may have particular needs related to the trading tools, platform or research requirement they have. As a forex trader, it is important for you to understand your investment style needs. It helps you choose the best brokers for forex. But, first you need to know what a forex broker is.
What is a Forex Broker?
Forex brokers are financial services companies that act as intermediaries between individual traders and the forex market.
In other words, a forex broker is a company that gives traders access to a platform for trading foreign currencies.
A good forex broker is one that offers competitive prices, safe and secure trading environment, high-tech trading tools, and a reliable and fast rate order execution. Here we are listing the 3 best forex brokers that you can choose in 2022.
The Full form of FXTM is Forex Time but it is commonly referred to as FXTM. This is a trading platform that primarily focuses on foreign exchange. FXTM is a perfect choice for experienced traders as well as it is the best forex broker for those who are new to this field. It helps you find freedom in the financial markets.
This broker provides traders with a vast range of trading tools and educational resources, fund protection and account managers. A free demo account is also available at FXTM.
FXTM is based in Cyprus and is a completely regulated broker. It is licensed by Cyprus Securities and Exchange Commission, international financial services Commission, and other regulatory authorities in and out of the European Union. FXTM supports the Meta Trader 4 and 5 trading platforms. This is the best platforms for business as it provides educational webinars for new traders.
FOREX.com is an all-in-one Forex trading platform for forex traders. It is a subsidiary of StoneX and an award winning forex broker that ranks among the best forex brokers in the world.
The broker is regulated by the US Commodities Future Trading Commission (CFTC) and National Futures Association (NFA). It is also licensed by six major regulatory authorities in the world.
FOREX.com is best for active forex traders as well as for beginners. Moreover, it is a perfect choice for Meta Trader 4 users. This is an impressive platform that is Easy to navigate. It provides a wide range of research and educational tools. It also provides extensive research and Education Center that offers informative forex trading courses for free.
3- IG Markets
IG is one of the best forex brokers that allows full access to the forex market and offers support for more than 80 currency pairs.
The broker offers its services to the US based forex traders only. Those who have just begun forex trading, will love their intuitive desktop and smartphone platforms.
IG is a perfect choice for novice traders and for those who prefer a more streamlined interface. The simple and clear interface makes things easy for beginners.