5 Best Forex Brokers for 2022 - South Arkansas Sun

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.

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.

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

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.

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.

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.

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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