Best Forex Brokers for 2022

Forex is one of the most common tools to make money online, as well as a market where you can start with less capital (also thanks to the leverage effect). If you are serious about trading in the Forex market, choosing the right broker is very important. That’s why we compared the most famous best forex brokers to let you decide.

Top 7 Best Online Forex Brokers for 2022

1. TechBerry

TechBerry is a social automated trading broker platform launched in 2015 and is the primary choice of individuals looking to generate substantial gains on their capital. The platform is almost risk-free as it offers full loss reimbursement for potential subscribers. The funds are safe and secure with the help of FIDC-insured banks, and support is available for more than 50 regulated brokers.

The developers of TechBerry have maintained transparency by establishing their offices worldwide. Real-time trade monitoring is also available on the website to witness the current performance. Subscribers can choose from a range of available plans. They include Green, Silver, Gold, Platinum, Diamond, and Infinite. The annual subscription costs can vary from $19 to $499, and a personal manager is present starting from the Gold package to solve any apparent issues.


  • Available for all subscribers worldwide
  • Support for multiple regulated brokers
  • Neural algorithm with more than 10% gains/month
  • Multiple subscription plans

TechBerry Review

2. eToro

eToro is a popular, fully regulated broker based in Cyprus and operating until 2007. It is, above all, an intuitive platform that is also suitable for beginners. If you are new to trading, then with eToro you can easily create the impression that trading is simple – which is a mistake (you always need to have a little respect and a lot of education).

An interesting feature is the so-called copy funds, where you can copy the steps of successful traders. It may not be the wisest strategy in the long run, but for a novice trader, this is an interesting way to learn – he sees the strategies of others and can create his own. However, the broker has its limitations: you cannot trade on the well-known MetaTrader 4 platform and cannot use hedging strategies or automated trading systems. You have a choice of 47 Forex currency pairs, but you can also trade in goods, cryptocurrencies, stocks, and indices.


  • Popular all over the world (works in 140 countries)
  • A system with the ability to copy successful traders
  • Registration CNB, CySEC, FCA
  • WebTrader trading platform and spreads from 2 pips

3. XM

XM is a broker based in Cyprus that is licensed by CySEC. It secures the customers’ funds in segregated accounts with tier-1 investment-grade banking institutions. Here, you can trade in more than 55 currency pairs including majors, minors, and exotics. You can place orders 24 hours a day, five days a week. Moreover, it lets you trade with a maximum leverage of 888:1, so you can commit a small fraction of your asset value for trading.

XM offers tight spreads with no re-quotes. There are no hidden charges for this broker, and you can use different trading platforms like MT4, MT5, and WebTrader. Apart from PC and Mac, you can also use smartphones and tablets to trade on the go. The website has an excellent research and education section where you can get a market overview, check out the economic calendar and podcasts, and follow Forex-related news. Those who subscribe to the VIP Education Package get access to automated indicators and algorithmic technical analysis. Using these tools, you can make better investment decisions. 


  • Excellent educational tools
  • Low withdrawal fees
  • Forex seminars and webinars
  • Compatible with smartphones and tablets

4. XTB

XTB (formerly X-trade Brokers) is a Polish company that, in addition to trading Forex CFDs, also offers CFD trading on goods, stocks or indices. He is currently the largest European broker. This broker is especially popular among Czech forex traders for its high-quality continuous support in the Czech language on all fronts (chat, phone, and email). Although XTB mainly offers the xStation five web trading platform, you can easily use the more sophisticated Metatrader 4 platform.

The broker is regulated by several national institutions, including CNB (including the Polish financial office of CNF and the British FCA). In addition to the Czech Republic, he also works in 10 other countries. Positive feedback comes down to relatively low spreads (broker’s commission), especially when choosing a PRO account, where spreads on known currency pairs start at 0.3 pips.


  • Professional technical support (round-the-clock telephone, chat, and email)
  • Ability to integrate automated trading systems
  • Quick registration
  • No minimum deposit

5. ETX Capital

The British broker ETX has been operating since 2002 and is regulated by both the British FCA and Czech CNB. Here you will not find the need for a minimum deposit, and you can choose from more than 60 currency pairs. You can buy currencies from 0.01 lots and spreads (commissions for the purchase of coins) for major currencies – from 0.6 points.

Besides Forex, you can also trade stocks, indices, commodities, and binary options here. However, you will not find the opportunity to trade cryptocurrencies, for example. If leverage is part of your strategy, you can use leverage up to 1:200. You can further reduce your trading risk by using a hedging strategy. It has an excellent tech support.


  • One of the oldest online brokers in Europe
  • Low spreads from 0.6 pips
  • The ability to use MetaTrader 4, and a proprietary platform
  • Regulation of CNB and FCA

6. AvaTrade

AvaTrade is an Irish company operating in the market since 2006 and regulated by institutions such as the Central Bank of Ireland and the Australian ASIC (not CNB). The minimum deposit is € 100, and initially, you will receive an additional 30% of your deposit as a bonus. You can use their AvatradeAct platform or a more advanced version of MetaTrader 4 (there are others).

If leverage is part of your strategy, you will be happy to be able to use the leverage of up to 1: 400. You can reduce the risk of trading by using a hedging strategy. AvaTrade also guarantees that your account cannot enter the red zone. You can trade Forex with stocks, products, or indices. However, you will not find cryptocurrencies in the offer that some competitors already offer. It is a reliable broker who is not afraid to trust money, although caution and careful reading of the terms of trade are always followed.


  • Fully regulated by ASIC and Central Bank of Ireland.
  • Relatively low spreads compared to other Forex brokers
  • 30% input bonus on your deposit
  • MetaTrader 4, proprietary platform, web interface

7. Plus500

Plus500 is currently one of the most famous brokers. The platform itself is designed specifically for Plus500 and is typical for it with excellent user-friendliness. There is also a demo account where you can train with virtual money for an unlimited period. It is a fully regulated broker (FCA, CySEC), and its support and platform are completely in English. Unfortunately, he does not offer phone support, but only via email or chat.

It is one of the most popular platforms in the world, which makes us consider all aspects of trading and gain new experience. In any case, this is one of the best platforms on which you can learn to trade and successfully fit into trading. They support the infamous WebTrader platform, which offers advanced charts or the ability to use automated trading systems.


  • Minimum position size from 0.01 lot
  • Regulation of CySEC, CNB
  • Fixed and dynamic spreads from 0.6 pips
  • Trading software Plus500, WebTrader

How to choose a Forex broker?

We have collected the most important points that you should pay attention to when choosing a Forex broker:


Why is regulation so necessary for brokers? When a broker is regulated, it is supervised by government agencies that ensure that there is no unfair practice. In practice, you most often come across the British FCA or Cypriot CySec. Whatever the organization, it must be based in the EU. If a company does not have such a license, it cannot legally operate in the European market. It is not recommended to trade with brokers who do not have regulation.

Brokerage conditions: or what and for how much?

One of the most important parameters when it comes to Forex trading is the height of the spread. You will find this value by a specific unit called “pip,” which is the smallest unit of currency traded. The range is from 0.3 to 3 pips, while three pips already have a relatively high spread. Spreads also vary by currency pair. Regardless of whether you have read countless reviews, experience, or even received a personal recommendation from someone for a good broker, always read the terms of business of the company.

Currency pairs offering

For each broker, you will find the main currency pairs, such as EUR/USD, USD/JPY, or USD/CAD. Nevertheless, you can trade a large number of currencies, and the choice of the offered currency pairs is a significant factor for many.

Customer support

Forex trading takes place 24 hours, five days a week, so support should be available 24 hours a day. Find out if the support service offers your preferred type of contact; for example, some brokers do not provide phone support. Support in Czech is an important factor, especially if you do not speak English well. We recommend that you first try the support and only then think about trading with a broker. Customer support is like insurance, you need it only when a problem arises, and when a problem arises, it is too late to change anything.


The platform is your gateway to the world of Forex (or other tools), so it is essential that it is oriented and offers all the functions that you require. You can find the platform as a web application designed specifically for the company, or use an external platform such as MetaTrader 4, which usually offers more advanced options. However, a web application is usually more user friendly, but it has some limitations. Traders are also often interested in the question of whether the platform allows hedging, automated trading systems, or whether it is possible to set a stop loss (so that you do not get in the negative).


Each broker has its characteristics and nuances that you need to know. Without a doubt, you should consider all the advantages and disadvantages of each option to choose the best online broker for yourself. Pay attention to the availability of a license, type of assets, and the ability to conclude transactions. It is the main aspect that will help you successfully cooperate with brokers.