Best Forex Brokers by Country 2022
Up to March 2022, we have tested 33 Forex brokers by country opening 33 live accounts, depositing over US$150,000, placing 400+ trades and making over 120 deposits and withdrawals from 14 countries.
To create in-depth and unbiased Forex broker by country reviews, we
- Checked the broker licenses and status in each country
- Opened a real account with the brokers
- Made real money deposit between $4000-$8000
- Placed 3 trades in the popular instrument of each market to determine the average spread
- Reached out to the broker’s customer support team to resolve the issues we encountered
- Withdrew all our funds to see the withdrawal time and if there are any delays or issues with withdrawals
- Compared trading data and experience to pick the best brokers
Please see the brokers by country list below:
| Country | Regulator | Our Review |
| International | Top tier regulators FCA, CFTC, FMA | Best International Brokers |
| USA | Commodity Futures Trading Commission (CFTC) National Futures Association (NFA) | Best Forex Brokers in USA |
| UK | Financial Conduct Authority (FCA) | Best Forex Brokers in UK |
| Australia | Australian Securities & Investment Commission (ASIC) | Best Forex Brokers in Australia |
| New Zealand | Financial Markets Authority (FMA) | Best Forex Brokers in New Zealand |
| Canada | Investment Industry Regulatory Organization of Canada (IIROC) | Best Forex Brokers in Canada |
| Cyprus | Cyprus Securities and Exchange Commission (CySEC) | Best Forex Brokers in Cyprus |
| UAE | Dubai Financial Services Authority (DFSA) | Best Forex Brokers in UAE |
| Singapore | Monetary Authority of Singapore (MAS) | Best Forex Brokers in Singapore |
| Kenya | Capital Markets Authority (CMA) | Best Forex Brokers in Kenya |
| India | Securities and Exchange Board of India (SEBI) | Best Forex Brokers in India |
| Nigeria | Central Bank of Nigeria (CBN) | Best Forex Brokers in Nigeria |
| South Africa | Financial Sector Conduct Authority (FSCA) | Best Forex Brokers in South Africa |
| Philippines | Securities and Exchange Commission (SEC) | Best Forex Brokers in Philippines |
| Malaysia | Securities Commission of Malaysia (SCM) | Best Forex Brokers in Malaysia |
| Jordan | Jordan Securities Commission (JSC) | Best Forex Brokers in Jordan |
| Indonesia | Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI) | Best Forex Brokers in Indonesia |
| Italy | Commissione Nazionale per le Società e la Borsa (CONSOB) | Best Forex Brokers in Italy |
| France | Autorite des Marches Financiers (AMF) | Best Forex Brokers in France |
| Austria | Financial Market Authority (FMA) | Best Forex Brokers in Austria |
| Germany | Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) | Best Forex Brokers in Germany |
| Poland | Komisja Nadzoru Finansowego (KNF) | Best Forex Brokers in Poland |
| Portugal | Comissão do Mercado de Valores Mobiliários (CMVM) | Best Forex Brokers in Portugal |
| Spain | Comisión Nacional del Mercado de Valores (CNMV) | Best Forex Brokers in Spain |
| Switzerland | Swiss Financial Market Supervisory Authority (FINMA) | Best Forex Brokers in Switzerland |
| Iran | Central Bank of Iran (CBI) | Broker in Iran |
| Cameroon | The Bank of Central State (BEAC) | Brokers in Cameroon |
| Cambodia | Securities and Exchange Commission of Cambodia (SECC) | Best Forex Broker in Cambodia |
| Zambia | Zambia Securities and Exchange Commission (SEC) | Forex Brokers Zambia |
| Luxemburg | Commission de Surveillance du Secteur Financier (CSSF) | Best Brokers Luxemburg |
| Belgium | Financial Services and Markets Authority (FSMA) | Brokers in Belgium |
| Greece | Hellenic Capital Market Commission (HCMC) | Forex Brokers in Greece |
| Moldova | The National Bank of Moldova | Forex Brokers Moldova |
| Romania | National Bank of Romania | Forex Brokers in Romania |
| Afghanistan | Da Afghanistan Bank | Forex Brokers Afghanistan |
| Kuwait | The Central Bank of Kuwait | Best Forex Brokers Kuwait |
| Mauritius | The Financial Services Commission (FSC) | Forex Brokers Mauritius |
| Morocco | The Autorité Marocaine du Marché des Capitaux | Brokers in Morocco |
| Syria | The Central Bank of Syria (CBS) | Forex Brokers in Syria |
| Qatar | The Qatar Central Bank | Brokers in Qatar |
| Yemen | The Central Bank of Yemen | Yemen Best Brokers |
| Norway | The Financial Supervisory Authority of Norway | Best Brokers Norway |
| Czech Republic | The Czech National Bank | Best Brokers in the Czech Republic |
| Hungary | The National Bank of Hungary | Best Brokers in Hungary |
| Estonia | The Ministry of Economic Affairs and Communications | Best Brokers in Estonia |
| Egypt | The Financial Regulatory Authority | Best Brokers Egypt |
| Ghana | The Bank of Ghana | Best Brokers in Ghana |
| Namibia | The Bank of Namibia | Best Brokers in Namibia |
| Sri Lanka | The Bank of Sri Lanka | Best Brokers Sri Lanka |
| Nepal | The Securities Board of Nepal | Best Brokers Nepal |
| Tanzania | Not Regulated | Best Brokers Tanzania |
| South Korea | The Bank of South Korea | Best Brokers South Korea |
| Turkey | The Capital Markets Board of Turkey | Best Brokers Turkey |
| Sweden | The Financial Supervisory Authority of Sweden | Best Brokers Sweden |
| Iraq | Not Regulated | Best Brokers Iraq |
| Russia | The Central Bank of Russia | Best Brokers Russia |
| Brazil | The Securities and Exchange Commission of Brazil | Best Brokers Brazil |
| Botswana | The Bank of Botswana | Best Brokers Botswana |
| Israel | The Israel Securities Authority | Best Brokers Israel |
| Ireland | The Central Bank of Ireland | Best Brokers Ireland |
| Bangladesh | The Bangladesh Securities and Exchange Commission | Best Brokers Bangladesh |
| Jamaica | The Bank of Jamaica | Best Brokers Jamaica |
Author of this review
By George Rossi
Author of this review
I am a well-rounded financial services professional experienced in fundamental and technical analysis, global macroeconomic research, foreign exchange and commodity markets and an independent trader.
Now I am passionate about reviewing and comparing forex brokers.
Everything you find on BrokerTested is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology
One reply on “Best Forex Brokers by Country 2022”
Great job! Looking forward to seeing Best Forex Brokers in Belarus. Thank you!