5 Best Forex Brokers for 2022

Forex trading involves exchanging one currency for another and making a profit. Combining art and science, it's only for seasoned investors. Forex may turn on a dime, penny, or peso.

Comparing Brokers Forex is all about the trading, so consider how you will trade when choosing a broker. If you’ll be trading in many different currency pairs, that may be your criteria for choosing a broker. Or you may look for the broker that gives you the greatest leverage.

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The biggest differentiator between forex brokers is the trading platform, and that’s more a function of personal taste than anything else. That said, here are the five best forex brokers for 2022.

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TD Ameritrade Customers of TD Ameritrade trade on their thinkorswim platform, which includes equity, futures and forex capabilities.

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Interactive Brokers' FXTrader programme provides currency pair trade information. Rising prices are green and declining prices are orange in real-time currency market charts. One cancels all, limit if touched, and more order types.

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Ally Invest Ally Invest offers three platforms for trading forex. The advanced desktop platform offers a customizable interface, charting functionality with over 80 technical indicators and order management features.

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Oanda Oanda is a pure-play forex trading platform — forex is all they do. The OANDA trading platform offers desktop, web-based and mobile options. The web platform features robust technical analysis tools and analytics.

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Forex.com Forex.com claims to be the number one U.S. broker for forex trading by client assets and has been serving forex traders in the U.S. since 2001. It is a forex-specific platform, although the company is owned by StoneX Group, Inc.

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