Best International Forex Brokers 2022

For this list, we have searched and tested several international forex brokers.

To select the best international forex brokers we opened real accounts and deposited between $4,000 and $8,000 with each of the brokers. Aiming to get the actual picture, we placed real trades in each popular market.

Afterwards, we tested the work of the customer support team. It was essential to find out whether they are able to solve the issues that customers face.

We handpicked the best international forex brokers based on our trading data and experience as a trader.

Who is the Best Forex Broker Internationally?

When engaging in forex trading, one of the most important aspects is finding a reliable and reputable broker. A forex broker is an intermediary between the retail trader and the interbank market. In simple terms, a forex broker is a company that provides access to the foreign exchange market.

A good broker will provide you with tight spreads, low commissions, and fast execution speeds. It will also offer you helpful resources and support so that you can trade effectively. Thus, the right choice of the broker is essential if you want to succeed in trading forex.

In different jurisdictions, financial regulators play a vital role in ensuring the stability of the financial system and protecting clients. Regulators regular inspections of financial institutions and brokerages, issue licenses and enforce penalties for rule violations. That is why choosing among regulated brokers is a priority to any traders

🏦Regulator	Financial Markets Authority (FMA)	Cyprus Securities and Exchange Commission (CySEC)	Federal Financial Supervisory Authority (BaFin)	Investment Industry Regulatory Organization of Canada (IIROC)
📊Max. Leverage	500:1	20:1	30:1	50:1
🛡️Is It safe to trade	Yes	Yes	Yes	Yes
🔒Negative Balance Protection	Yes	Yes	Yes	No
💰Compensation Scheme	NZ$200,000	€20,000	€20,000	None

Many world popular and large Brokers run various entities and are considered international forex brokers, since they can accept clients from the majority of world countries. In fact, there is no such thing as the best broker.

Everything depends on trading needs and regulatory rules based on a trader residency.

Trading conditions, instruments, costs, and other factors vary due to the regulation. This means that the best broker for a US client is a US Broker, while for a trader from Europe  a UK or Germany-based  broker is perhaps a wiser choice.

Top 5 International Forex Brokers

Before you start trading, you need to find a broker that meets your needs. In an attempt to be helpful, we have tested a large number of international forex brokers. Based on the reliability, features, offerings and other essential points, we have come up with a list of the best and the most suitable international brokers. However, when choosing a broker, pay scrupulous attention which broker is more favorable for your residency. 

Here are the top 5 international forex brokers we have picked based on our trading data and experience:

• IG
• XM
• OANDA
• Admiral Markets
• Interactive Brokers

Best Overall International Forex Broker

We have picked IG as the best overall international forex broker.

With over 40 years of experience in the industry, IG markets is one of the world’s largest and most trusted brokers. IG is strictly regulated and authorized and holds a number of licenses: FCA, ASIC, CFTC, DFSA, etc.

The broker offers excellent trading conditions, low costs for Forex, as well as, quality education section, selection of trading platforms and great research tools.

IG markets is also suitable for beginners. It offers a demo account, which is a great asset. IG has various quality tutorial videos, webinars and live sessions. To be more helpful, the broker separates education materials into Beginner, Intermediate and Advanced levels.

Best Forex International Broker for Beginners

We have picked XM as the best international forex broker for beginners.

XM is a strictly regulated broker with licenses in the UK, Cyprus, Australia, UAE and Belize.  The broker offers a number of tradable instruments: Forex pairs, indices, stocks, and commodities. 

Based on our experience, we have picked XM as the best international forex broker for beginners. XM has actually a great education offering for beginners under its Tradepedia video course. It provides an in-depth guide to the markets. The broker also runs over 40 webinars every week in different languages. This enables international clients to join and learn about the markets. The webinars are divided into experience level and take place in different timezones to suit its clients.

Best MT4 International Forex Brokers

We have picked OANDA as the best MT4 international forex broker.

OANDA was founded in the US back in 1996. The broker is heavily regulated by CFTC, NFA, FCA, MAS, ASIC, IIROC. It also suggests a negative balance protection. OANDA enables trades in Forex and CFDs, currency pairs, indices, commodities, bonds and metals, futures trading, commodities futures. 

OANDA has only one standard type of trading account. But it has special offerings for clients that deposit a minimum $50K: they become a Premium client and get tighter spreads and better offerings.

As to the trading platforms, OANDA offers its proprietary platform Oanda Trade. Yet for those clients who prefer MetaTrader 4, OANDA gives them the opportunity to perform their trades through the MT4 platform, which is actually very good with all the tools and features for favorable trading. 

Lowest Spread International Broker

We have picked Admiral Markets as the best lowest spread international forex broker.

Founded in 2001 Admiral Markets is a global Forex and CFDs broker. It is headquartered in Estonia. Admiral Markets offers thousands of tradable instruments: Forex pairs, indices, stocks, commodities and cryptocurrencies. It is heavily regulated and holds licenses by 4 global regulators.

Based on our trades, Admiral Market charges very low spreads which are well below industry benchmarks. None of Admiral Markets’ spreads is above the industry averages.

International Brokers Forex Stock

We have picked Interactive Brokers as the best stock international forex broker.

Interactive Brokers is a strictly-regulated broker with an excellent reputation. The broker is heavily regulated by the international regulatory bodies and provides a safe trading environment. It offers trading in a number of categories: Stocks, Options (Incl. Futures Options), Futures, Forex, CFDs, Warrants, Combinations, Bonds, Mutual Funds, Structured Products, Physical Metals, Inter-Commodity Spreads.

Interactive brokers offer a wide range of services to help you get the most out of your trading. This is a safe broker to start trading in stocks. The broker provides competitive prices, sophisticated software and tight spreads.

Top 10 International Forex Brokers List

Here is a list of international forex brokers that we have tested and reviewed.

Forex Broker	Test Details	Broker Review
FxPro	Deposit Amount: Over €5,000 Total Trade: 15 trades	FxPro Review
AvaTrade	Deposit Amount: Over €4,000 Total Trade: 12 trades	AvaTrade Review
Pepperstone	Deposit Amount: Over €4,500 Total Trade: 12 trades	Pepperstone Review
Admiral Markets	Deposit Amount: Over €4,000 Total Trade: 12 trades	Admiral Markets Review
CMC Markets	Deposit Amount: Over €5,000 Total Trade: 12 trades	CMC Markets Review
XM	Deposit Amount: Over €5,000 Total Trade: 12 trades	XM Review
GO Markets	Deposit Amount: Over €4,000 Total Trade: 12 trades	GO Markets Review
Fortrade	Deposit Amount: Over €5,000 Total Trade: 12 trades	Fortrade Review
ActivTrades	Deposit Amount: Over €5,000 Total Trade: 12 trades	ActivTrades Review
Plus500	Deposit Amount: Over €6,000 Total Trade: 18 trades	Plus500 Review

FAQ and More on Forex Brokers for International Traders

When it comes to international forex brokers, there are many essential questions that may interest traders. To be helpful, we picked and answered some of the most important queries related to international forex brokers.

Regulated International Forex Brokers Accepting US Clients

Generally, none of the international Brokers or brokers based in other countries accept US clients. Only US regulated Brokers can accept US clients as traders. Also, offshore companies accept US clients, although we do not recommend them due to the high risk environment and low regulation. Read more about US Brokers by the link here.

US vs International Forex Brokers

Depending on the jurisdiction, broker offerings can differ. The trading conditions may differ due to jurisdiction regulation and laws. This means that the proposals for US-based and international brokers may vary considerably. It is up to the trader to be cautious and check under which entity the trading account will fall.

International Forex Brokers in India

Forex brokers in India are authorized and regulated by the Securities and Exchange Board of India (SEBI). SEBI’s website is www.sebi.gov.in. We tested and reviewed forex brokers serving India.  We tested the brokers, their offerings, reliability and conditions. You can also read more about the Best Brokers in India for more information.

We have picked several international forex brokers in India that are reliable and offer favorable conditions: 

• XM 
• AvaTrade
• IG

International Forex Brokers in Pakistan

Pakistan commodities and retail currency trading is regulated by the Securities and Exchange Commission of Pakistan (SEC). SEC’s website is secp.gov.pk and we offer traders to follow them on Twitter @SECPakistan for more and current information. To make trading in forex easy and safe, you had better be careful while choosing an international forex broker Pakistan.

We have tested a number of brokers, and to help you in your choice, we have come up with several suggestions:

• AvaTrade
• Plus500
• Pepperstone