ForexBrokers.com is committed to the highest ethical standards and reviews services independently. Learn How We Make Money

Best Forex Options Brokers in 2022

Steven Hatzakis

Written by Steven Hatzakis
Edited by John Bringans
Fact-checked by Joey Shadeck

Published January 10, 2022
Last modified September 07, 2022

The ForexBrokers.com annual forex broker review (six years running) is the most cited in the industry. With over 50,000 words of research across the site, we spend hundreds of hours testing forex brokers each year. Here's how we test.

The best forex brokers for forex options trading in 2022 provide multiple trading tools and options products to help distinguish their offerings from the competition, in addition to being highly regulated and trustworthy.

Trading through a regulated venue provides greater confidence to traders that the pricing methodology and execution policies have a high level of integrity.

For example, forex traders in Europe can access exchange-traded forex options through regulated exchanges known as Multilateral Trading Facilities (MTFs). In addition, regulated forex brokers also offer options trading in the off-exchange market.

That’s why it’s crucial to only trade forex options with a regulated and trusted firm. All types of forex options trading should be considered high-risk investments.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Best Forex Brokers for Options (Turbos)

ForexBrokers.com 2022 Review

Here's a summary of the best forex brokers for options (turbos) trading.

  • IG
    - OTC and MTF-listed options
  • Saxo Bank - OTC and exchange-traded options
  • CMC Markets - OTC forwards and countdowns
  • Interactive Brokers
    - U.S. forex options
  • TD Ameritrade
    - U.S. forex options, U.S. residents only
  • AvaTrade - OTC options only, great options app
IG
starstarstarstarstar Overall

OTC and MTF-listed options

Minimum Initial Deposit£250.00
Trust Score99
Tradeable Symbols (Total)19537

IG offers the ultimate comprehensive trading package, featuring excellent trading and research tools, industry-leading education, and an extensive range of tradeable markets. Read full review

Pros
  • Outstanding platforms and tools
  • Over 19,000 tradeable instruments
  • Competitive pricing
Cons
  • No predefined layouts on the flagship web platform
  • Limited product range on MT4
Visit Site open_in_new

Join 239,000+ traders worldwide.

Trading forex carries a high level of risk.

Saxo Bank
starstarstarstarstar Overall

OTC and exchange-traded options

Minimum Initial Deposit$2,000
Trust Score99
Tradeable Symbols (Total)40000

Saxo Bank is an exclusive multi-asset broker with brilliant research and a superb trading platform experience – as well as a stunning selection of over 40,000 securities. Read full review

Pros
  • Flagship platform is top of the line
  • Over 40,000 tradeable instruments
  • Excellent customer service
Cons
  • High minimum deposit
CMC Markets
starstarstarstarstar Overall

OTC forwards and countdowns

Minimum Initial Deposit$0
Trust Score99
Tradeable Symbols (Total)11927

CMC Markets is well-trusted across the globe, and delivers a terrific trading experience thanks to its excellent pricing and selection of over 12,000 tradeable instruments. Read full review

Pros
  • Low trading costs
  • Excellent web and mobile platforms
  • Robust research materials
Cons
  • Educational offering could be improved
  • MT4 offering limited to 62 symbols
Interactive Brokers
starstarstarstarstar Overall

U.S. forex options

Minimum Initial Deposit$0
Trust Score99
Tradeable Symbols (Total)8300

Interactive Brokers is a highly trusted multi-asset broker with an extensive offering of tradeable global markets. It delivers competitive fees and high-quality research and education, as well as a modern, institutional-grade trading platform suite. Read full review

Pros
  • Robust platform for professional traders
  • Wide range of global markets
  • Thorough research offering
Cons
  • Trader Workstation platform is likely too complicated for inexperienced traders
Visit Site open_in_new

Quotes as tight as 1/10 of a pip

(66% of retail CFD accounts lose money)

TD Ameritrade
starstarstarstarstar_border Overall

U.S. forex options, U.S. residents only

Minimum Initial Deposit$0
Trust Score99
Tradeable Symbols (Total)0

TD Ameritrade’s thinkorswim platform offers over 70 tradeable currency pairs alongside a plethora of impressive tools, research, and education. For traders in the U.S., TD Ameritrade provides the ultimate trading technology experience. Read full review

Pros
  • Outstanding platform in thinkorswim
  • Thorough research offerings
  • Excellent educational materials
Cons
  • Does not offer copy trading
  • Forex pricing is slightly higher than industry average
Visit Site open_in_new

Trade Stocks & ETFs Commission Free

(74-89% of retail investor accounts lose money)

AvaTrade
starstarstarstarstar_border Overall

OTC options only, great options app

Minimum Initial Deposit$100
Trust Score93
Tradeable Symbols (Total)1260

AvaTrade is a trusted global brand best known for offering an extensive selection of trading platforms for forex and CFD traders, as well as exceptional educational content that helped it nab a Best in Class rating for Beginners for 2022. Read full review

Pros
  • AvaOptions app is an excellent forex options mobile trading platform
  • Offers 44 forex options and over 1,200 CFDs
Cons
  • Pricing for retail accounts is average, but trails industry leaders
  • Desktop platform is slow to load, has outdated design

What are forex options?

All forex options are either puts or calls, similar to regular options. Holding a put option conveys the right to sell while holding a call option conveys the right to buy. Like regular options, forex options are a riskier investment.

  • The holder (buyer) of a put option has the right to sell the underlying asset at a specified strike price on or before expiration. A put option is a bearish (short) position that profits when the cost of the underlying decreases.
  • The holder (buyer) of a call option has the right to purchase the underlying asset at a specified strike price on or before expiration. A call option is a bullish (long) position that profits when the cost of the underlying increases.

The gallery below contains pictures of forex options featured on the best forex options brokers.

Forex options terms to know

Below are seven terms every trader should know before trading forex options:

  • Strike Price - The price level the contract can be exercised at (i.e., exercise price)
  • Time Value - The portion of the premium represented by any remaining time
  • Spot Price - The current market price of the underlying asset
  • Premium - The value of time remaining plus any positive difference between spot and strike price
  • Break-Even Level - The difference between the Spot price and any time value
  • Intrinsic - The positive difference between the strike price and underlying spot price
  • Extrinsic - The negative difference between the strike price and the underlying spot price

Different types of forex options

Aside from differences related to where you trade forex options, there are also different forex options types beyond the plain-vanilla options, including more exotic currency options. Here is a basic course on options. Below are examples of varying forex option types:

  • Average rate options
  • Barrier options (turbo warrants, touch brackets)
  • Swaptions (converts to a swap position)
  • Currency warrants (long-term options)
  • Binary options (Digital 100s)
  • Countdowns

Why trade forex options?

While not suitable for all investors, options can be attractive to forex traders due to their inherent properties not found in other forex instruments. Below is a list of some of the perceived advantages of why investors trade forex options trading:

  • Pre-defined risk when buying options
  • No chance of a margin call or getting liquidated (except for Turbo or Barrier options)
  • Can be used to offset or fully hedge an existing position
  • A combination of options can create highly specific trading strategies
  • Have pre-defined time remaining until expiry
  • Can be highly risky if selling options with undefined risk or buying low probability out-of-the-money options

What is a forex put option?

A put option is a bearish (short) position that profits when the price of the underlying decreases.

A trader who is expecting the price of the EUR/USD to fall by a specific date may purchase a put option with enough remaining time-value.

What is a forex call option?

A call option is a bullish (long) position that profits when the price of the underlying increases.

A trader who is expecting the price of a currency pair such as the EUR/USD to appreciate by a specific future date may purchase a call option. The option should have enough remaining time-value to cover the trader's forecasted time-horizon for that trade.

What are the different levels of forex options trading?

Selling puts or calls to open a position will generally require considerably more margin than buying puts or calls, and in the US, will require that traders get approved for that level of options trading, across the following four tiers:

  • Level one options trading: Default level, includes protective puts and covered calls
  • Level two options trading: Buying options (puts or calls)
  • Level three options trading: Credit and Debit spreads (defined risk/reward)
  • Level four options trading: Naked position (undefined risk)

What are some common strategies for options trading?

Depending on what you are expecting in the market for a given forex pair and time-frame, there are over a dozen popular strategies used to establish an options position with predefined risk in anticipation of specific market behavior related to price direction and volatility, some of which are listed below:

  • A combination position includes more than one option in the same contract at the same time.
  • A straddle (or strangle) combines writing (or purchasing) both a put and call at the same strike price (or different strike prices) and the same expiration date.
  • A spread position is one where you are both the buyer and the writer (seller) of the same type of option, although strike price and expiry dates can be different.

How do forex options differ across brokers?

Forex options are financial assets that may vary in terms of the numerous rules and structures they follow, which can result in various levels of complexity. Below are some of the most common ways forex options differ across brokers:

  • Broker or exchange execution policies
  • Default contract sizes and specifications
  • Type of option styles and products available
  • Trading symbols for the same underlying currency

What are exotic forex options?

Some forex options lose value if the underlying spot price touches a barrier level, such as a turbo warrant (known as turbos, or touch brackets).

  • For example, if a turbo call option trades at a level below its strike price (i.e., breaking its barrier), it becomes worthless, even if the price recovers before expiration.
  • Meanwhile, other forex turbos can have a barrier level that is different than the strike price level. Furthermore, a Turbo may have a barrier that only activates at a specific time, such as after one touch.

Are forex options cash-settled?

Almost all forex options are cash-settled, where no delivery takes place. Thus, it can be convenient to trade these financial instruments in the same way investors trade non-deliverable spot forex (i.e., CFD trading).

Can retail traders buy forex options?

Certain forex brokers will require that you are a professional client to trade options, such as Digital 100’s (binaries). At the same time, other brokers may also offer FX Forwards, in addition to forex options and currency futures, and forex instruments available to retail traders (i.e., CFDs).

Are there risks involved in trading forex options?

All types of forex options trading should be considered high-risk investments. Whether trading out-of-the-money options that have a higher probability of expiring worthless and thus could be deemed “riskier”, or even when trading an option that is deeply in-the-money with lower-probability of expiring worthless. In all cases, forex options are risky, complex financial instruments, and even if you understand them well, they may not be suitable for everyone.

ForexBrokers.com 2022 Overall Ranking

Here are the Overall rankings for the 39 online brokers who participated in our 2022 Annual Review, sorted by Overall ranking.

Feature IG logoIG Saxo Bank logoSaxo Bank CMC Markets logoCMC Markets Interactive Brokers logoInteractive Brokers TD Ameritrade logoTD Ameritrade FOREX.com logoFOREX.com XTB logoXTB City Index logoCity Index Swissquote logoSwissquote eToro logoeToro AvaTrade logoAvaTrade FXCM logoFXCM Plus500 logoPlus500 OANDA logoOANDA Admiral Markets logoAdmiral Markets IC Markets logoIC Markets Capital.com logoCapital.com Markets.com logoMarkets.com XM Group logoXM Group Pepperstone logoPepperstone FP Markets logoFP Markets FxPro logoFxPro Tickmill logoTickmill Fineco Bank logoFineco Bank HYCM (Henyep) logoHYCM (Henyep) DooPrime logoDooPrime HFM logoHFM FlowBank logoFlowBank BDSwiss logoBDSwiss Vantage logoVantage TMGM logoTMGM Trading 212 logoTrading 212 Moneta Markets logoMoneta Markets Trade Nation logoTrade Nation BlackBull Markets logoBlackBull Markets ACY Securities logoACY Securities Eightcap logoEightcap ThinkMarkets logoThinkMarkets VT Markets logoVT Markets easyMarkets logoeasyMarkets Exness logoExness Spreadex logoSpreadex IronFX logoIronFX RoboForex (RoboMarkets) logoRoboForex (RoboMarkets) Trade360 logoTrade360 GKFX logoGKFX AxiTrader logoAxiTrader Vestle logoVestle FXOpen logoFXOpen TeleTrade logoTeleTrade OctaFX logoOctaFX Forex4you logoForex4you LegacyFX logoLegacyFX FXPrimus logoFXPrimus Alpari logoAlpari GBE brokers logoGBE brokers TopFX logoTopFX ATFX logoATFX UFX logoUFX Libertex (Forex Club) logoLibertex (Forex Club) Xtrade logoXtrade Tradeo logoTradeo
Overall Rating starstarstarstarstar starstarstarstarstar starstarstarstarstar starstarstarstarstar starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border
Offering of Investments starstarstarstarstar starstarstarstarstar starstarstarstarstar starstarstarstarstar starstarstarstarstar_border starstarstarstarstar starstarstarstarstar_border starstarstarstarstar starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstar_borderstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstar_borderstar_border starstarstarstarstar_border starstarstarstar_borderstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar starstarstarstarstar_border starstarstarstar_borderstar_border starstarstarstarstar starstarstarstarstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstarstar starstarstarstarstar_border starstarstarstar_borderstar_border starstarstarstarstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstarstar_border starstarstarstar_borderstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border
Commissions & Fees starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar starstarstarstarstar starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstar_borderstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar starstarstarstarstar_border starstarstarstar_borderstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar starstarstarstarstar_border starstarstarstarstar starstarstarstar_borderstar_border starstarstarstarstar starstarstarstar_borderstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstarstar_border starstarstarstar_borderstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstar_borderstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstar_borderstar_borderstar_border starstarstarstar_borderstar_border
Platform & Tools starstarstarstarstar starstarstarstarstar starstarstarstarstar starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstar_borderstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstar_borderstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstar_borderstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border
Research starstarstarstarstar starstarstarstarstar starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstar_borderstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstar_borderstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstarstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstarstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border
Education starstarstarstarstar starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstar_borderstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstar_borderstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstar_borderstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstarstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstarstar_border starstarstarstar_borderstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstarstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstarstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstarstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstarstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border
Mobile Trading starstarstarstarstar starstarstarstarstar starstarstarstarstar starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstar_borderstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstar_borderstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstar_borderstar_border starstarstarstarstar_border starstarstarstarstar_border starstarstarstar_borderstar_border starstarstarstar_borderstar_border
Trust Score 99 99 99 99 99 99 95 99 99 93 93 96 99 92 87 86 77 98 90 93 82 90 82 92 86 84 85 77 83 83 79 77 83 83 74 75 87 86 83 84 74 70 84 69 75 66 83 79 80 67 67 62 75 69 67 69 67 70 67 67 80 67
Visit Site Visit Site
Visit Site
Visit Site
Visit Site

Was this helpful?
Yes or No

Popular Forex Guides

2022 Review Methodology

For our 2022 Forex Broker Review we assessed, rated, and ranked 39 international forex brokers over a three-month time period resulting in over 50,000 words of published research.

Each broker was graded on 113 different variables, including our proprietary Trust Score algorithm. This innovative scoring system ranks the level of trustworthiness for each broker based on factors such as licenses, regulation and corporate structure. Read about Trust Score here.

As part of our annual review process, all brokers had the opportunity to provide updates and key milestones and complete an in-depth data profile, which we hand-checked for accuracy.

Ultimately, our rigorous data validation process yields an error rate of less than .1% each year, providing site visitors with quality data they can trust. Learn more about how we test.

About the Author

Steven Hatzakis
Steven Hatzakis

Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).


John Bringans
John Bringans

John Bringans is the Senior Editor of ForexBrokers.com. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content.


Joey Shadeck
Joey Shadeck

Joey Shadeck is the Content Strategist and Research Analyst for ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content.


TD Ameritrade, Inc. and StockBrokers.com are separate, unaffiliated companies and are not responsible for each other’s services and products.
close