Best Forex Brokers by Country 2022

Up to December 2021, 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

  1. Checked the broker licenses and status in each country
  2. Opened a real account with the brokers
  3. Made real money deposit between $4000-$8000
  4. Placed 3 trades in the popular instrument of each market to determine the average spread
  5. Reached out to the broker’s customer support team to resolve the issues we encountered
  6. Withdrew all our funds to see the withdrawal time and if there are any delays or issues with withdrawals
  7. Compared trading data and experience to pick the best brokers

Please see the brokers by country list below:

CountryRegulatorOur Review
USACommodity Futures Trading Commission (CFTC)
National Futures Association (NFA)
Best Forex Brokers in USA
UKFinancial Conduct Authority (FCA)Best Forex Brokers in UK
AustraliaAustralian Securities & Investment Commission (ASIC)Best Forex Brokers in Australia
New ZealandFinancial Markets Authority (FMA)Best Forex Brokers in New Zealand
CanadaInvestment Industry Regulatory Organization of Canada (IIROC)Best Forex Brokers in Canada
CyprusCyprus Securities and Exchange Commission (CySEC)Best Forex Brokers in Cyprus
UAEDubai Financial Services Authority (DFSA)Best Forex Brokers in UAE
SingaporeMonetary Authority of Singapore (MAS)Best Forex Brokers in Singapore
KenyaCapital Markets Authority (CMA)Best Forex Brokers in Kenya
IndiaSecurities and Exchange Board of India (SEBI)Best Forex Brokers in India
NigeriaCentral Bank of Nigeria (CBN)Best Forex Brokers in Nigeria
South AfricaFinancial Sector Conduct Authority (FSCA)Best Forex Brokers in South Africa
PhilippinesSecurities and Exchange Commission (SEC)Best Forex Brokers in Philippines
MalaysiaSecurities Commission of Malaysia (SCM)Best Forex Brokers in Malaysia
JordanJordan Securities Commission (JSC)Best Forex Brokers in Jordan
IndonesiaBadan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI)Best Forex Brokers in Indonesia
ItalyCommissione Nazionale per le Società e la Borsa (CONSOB)Best Forex Brokers in Italy
FranceAutorite des Marches Financiers (AMF)Best Forex Brokers in France
AustriaFinancial Market Authority (FMA)Best Forex Brokers in Austria
GermanyBundesanstalt für Finanzdienstleistungsaufsicht (BaFin)Best Forex Brokers in Germany
PolandKomisja Nadzoru Finansowego (KNF)Best Forex Brokers in Poland 
PortugalComissão do Mercado de Valores Mobiliários (CMVM)Best Forex Brokers in Portugal
SpainComisión Nacional del Mercado de Valores (CNMV)Best Forex Brokers in Spain
SwitzerlandSwiss Financial Market Supervisory Authority (FINMA)Best Forex Brokers in Switzerland

Author of this review

By George Rossi

Author of this review

Autor de este análisis
Soy un reconocido analista profesional de los servicios financieros especializado en análisis fundamental y técnico, investigación en macroeconomía global, trader independiente en los mercados de commodities y divisas.

Me apasiona analizar, comparar y generar información y opiniones sobre brokers de Forex.

Todo lo que encuentras en BrokerTested se basa en datos confiables e información imparcial. Combinamos nuestros más de 10 años de experiencia financiera con la retroalimentación de nuestros lectores. Lea más acerca de nuestra metodología

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