4 Best Forex brokers 2022
Exness
Exness is rated #2 of the recommended FX brokers with an overall rating of 4.9/5. It reserves a minimum deposit of $10 and offers low trading fees across its total of 97 currency pairs and crypto. Exness can be traded on various trading desks including MT4, MT5, MT4 WebTerminal, mobile (iOS & Android, Exness Trader) and offers an affiliate program with commissions of up to $45 for every registration, depending on the country and the platform.
Exness Pros and Cons
Pros
-Regulated by both CySEC and FCA
-Client funds kept in segregated accounts
-Tight spreads
-130+ Currency Pairs with Multiple Trading Platforms
Cons
-No multi-currency accounts available
Avatrade
Ranked #1 for recommended FX brokers with an overall rating of 4.8/5. Avatrade offers a minimum deposit fee of $100 for a total of 55+ currency pairs and cryptocurrencies which is traded on various trading desks namely: MetaTrader 4, MetaTrader 5, Ava Social, Ava Protect, Trading Central with low trading fees.
AvaTrade offers 4 affiliate programs:
CPA
You get a fixed payment for every client you refer to AvaTrade and this program' commission structure guarantees a consistent rate for every new investing trader.
RevShare
RevShare is a long-term affiliation where you can maintain receiving your revenue share as long as your referral keeps trading.
Dynamic CPA
This is recommended for people who bring big clients, and you get an incentive of their first-time deposit.
Master Affiliate
Get paid for your clients’ traffic and trading, as well as a fixed percentage of your sub-affiliates' performance.
Avatrade Pros and cons
Pros
-Easy and fast account activation
-Free deposit and withdrawal options
-Provides good educational tools
Cons
-outdated research tools
-There's an inactivity fee payable
-Does not adequately support mobile phones
HFM
Although it is ranked #6 FX broker with an overall rating of 4.8/5, it is a good platform with very good customer support. HFM has a minimum deposit of $5 and offers low trading fees. The platform has a total of 50+ currency pairs and cryptocurrencies but its trading desks are limited to MetaTrader4, MetaTrader5 and the HFM platform.
HF Markets Pros and Cons
Pros
- Low deposit requirement for new traders with Micro accounts
-Offers good customer support
-There's a variety of premium trader tools available
Cons
-Limited range of instruments
- Difficult account opening
-US clients not accepted
XM
Rated #68 for recommended FX Brokers with a minimum deposit of $5 and no trading fees. XM is a widely used and well-loved online brokerage which operates in 196 countries and offers trading on an enormous range of assets. You can trade more than 1,000 companies through stock contracts for difference (CFDs), commodities, forex, and cryptocurrencies.
Here is a preview of the accounts it offers and their Pros and Cons
Based on the above analysis, which broker is best suitable for you?