Forex trading is a popular way to invest in currencies, but there are a lot of different forex brokers out there. Some are better than others, so we’ve done the research here for you and created a list of the best forex sites.
XM Group
XM Group was founded in 2007 and is headquartered in London. XM Group is a regulated company that provides forex trading services to clients all over the world.
XM Group offers a variety of products and services, including:
- Trading Tools (including live streaming quotes and real-time charts)
- Trading Conditions (including order execution speed, spreads, commissions and margin)
- Support Services (including support via phone or email)
Plus500
Plus500 is a CFD trading site which offers access to the forex market, commodities, stocks and indices. It is regulated by the Financial Conduct Authority (FCA) in the UK and offers a demo account. Plus500 has recently released an app for mobile devices so that you can trade from anywhere with your phone or tablet.
eToro
eToro is one of the best forex trading sites. It offers a wide range of assets to trade, including stocks, commodities and currencies. The site also has an excellent social trading platform that lets you copy other traders’ trades. eToro’s mobile app is easy-to-use and has an intuitive interface that makes it easy to place trades on the go.
It also offers a variety of trading tools such as technical indicators, automated trading strategies and newsfeeds from various financial sources around the world – all designed to help you make more informed decisions when choosing where you want to place your trades.
AvaTrade
AvaTrade is an online CFD broker and all-around forex trading platform. It’s regulated by the Cyprus Securities and Exchange Commission (CySEC), so you can rest assured that all your transactions will be secure.
AvaTrade offers a wide range of trading instruments, including stocks, commodities, indices, currencies, cryptocurrencies and more—and it has no minimum deposit requirement for new accounts. Likewise, there is no minimum balance required for users to qualify for its benefits program; however, some features may be limited depending on which account type you choose to open with AvaTrade.
HotForex
HotForex is a forex broker based in Limassol, Cyprus. The company was founded in 2001 and is regulated by the Cyprus Securities and Exchange Commission (CySEC). HotForex has also been approved by the International Financial Services Commission (IFSC) of Belize to operate as an investment firm, but not as a bank.
HotForex offers several trading platforms for traders who prefer to place trades directly from their computer or mobile device. There are two versions of its Metatrader 4 platform: one web-based and another downloadable onto your PC or Mac computer. In addition to these two platforms, HotForex also offers an iOS app that allows you to trade on your smartphone device or tablet; this app supports both Android devices and iPhones running on iOS 11+.
Vantage FX
Vantage FX is one of the leading online forex brokers. The company offers a wide range of trading instruments, including CFDs and forex pairs.
CFDs and forex pairs are the most popular trade types on the market and the ones you should consider if you want to start trading currencies.
Vantage FX specializes in providing its clients with an extensive selection of CFDs, including stocks, commodities and indices from all over the world.
FBS
FBS is a UK forex broker that’s been around since 2005. The company offers trading on more than 120 instruments, including stocks and CFDs. FBS is regulated by the FCA (Financial Conduct Authority), which means it offers investors protection from scams and other questionable practices common in the industry.
Pepperstone
Pepperstone has been a forex broker since 2010. It was founded by Peter Bell, who is also the CEO of Pepperstone. The company’s headquarters are located in Melbourne, Australia.
Pepperstone offers trading accounts for all levels of traders — from beginner traders to professional traders. The company has developed various tools and technologies that help you trade more efficiently and accurately on its platform.
These include:
- Trade copier – This tool allows you to copy other traders’ trades automatically without having to manually enter them into your account yourself.
- MetaTrader 4 (MT4) – This platform is used by many professional Forex traders as it offers powerful charting tools that can be used for technical analysis, as well as data, feeds from multiple sources including Reuters, Bloomberg and Eikon/SIX Financial Information.
The best forex trading sites are listed, ranked by customer satisfaction and customer service.
These are some of the best trading sites in 2022. You can read more about each one below and see what they offer their users.