Are you looking to speculate that the Euro (EUR) currency will go up in value against the U.S. Dollar (USD)? To do so, you would trade (or place a spread bet on) the EUR/USD currency pair, which is a forex investment. The forex market is the largest and most liquid market in the world, representing every global currency with trading conducted 24 hours a day, five days a week.
To trade forex, you need a reputable online broker. Trading with a trusted forex broker is a crucial factor for success in international currency markets. As a contract for difference (CFD) trader or forex investor, you may have specific needs related to which platform, trading tools, or research requirements you have. Understanding more about your investment style needs can help determine which forex broker will be best for you.
Each year, our team here at ForexBrokers.com spends five months testing the biggest names in foreign exchange and assembles a guide to the best forex brokers for forex and CFDs trading. Here are our findings for 2022.

Best Forex Brokers for 2022

• IG - Best overall broker, most trusted
• Saxo Bank - Best web-based trading platform
• CMC Markets - Excellent overall, best platform technology
• Interactive Brokers - Great overall, best for professionals
• TD Ameritrade - Best desktop platform, U.S. only
• FOREX.com - Excellent all-round offering
• XTB - Great research and education
• City Index - Excellent all-round offering
  eToro - Best for copy and crypto trading

Runner-Up: Saxo Bank

For traders who can afford the steep $2,000 minimum deposit (GBP 500 for the U.K.), Saxo Bank offers fair pricing, excellent trading platforms, phenomenal research, reliable customer service, and over 40,000 instruments to trade.

• Trust: Founded in 1992, Saxo Bank operates multiple regulated banks and is licensed in six tier-1 jurisdictions, making it a safe broker (low-risk) for trading forex and CFDs.
• Commissions: Saxo Bank provides traders with excellent all-around pricing. For active traders (and those with large account balances), Saxo Bank offers competitive pricing in its Platinum and VIP accounts, which require a $200,000 and $1 million balance, respectively.
• Forex trading platforms: The entire Saxo Trader client experience is absolutely brilliant. Alongside access to 40,000 tradeable instruments, Saxo Bank's flagship SaxoTraderGo platform is terrific, and includes everything traders require to navigate the market — and is our pick for the best web-based platform in 2022.

Podium finisher: CMC Markets

CMC Markets is a globally-trusted broker that delivers a terrific offering for traders thanks to notably low pricing, nearly 10,000 tradeable instruments, and the Next Generation trading platform, which comes packed with quality research and innovative features such as its Dynamic Trading portfolio tool.

• Trust: Founded in 1989, CMC Markets is publicly traded and regulated in four tier-1 jurisdictions alongside two tier-2 jurisdictions, making it a safe broker (low-risk) for trading forex and CFDs.
• Commissions: CMC Markets is a leader for low-cost trading, offering trading costs for forex that are measurably lower than the industry average.
• Forex trading platforms: The CMC Markets Next Generation platform comes with a massive selection of nearly 10,000 tradeable instruments. With its advanced tools, comprehensive market research and excellent mobile app, CMC delivers a terrific user experience.