Top 10 Forex Brokers in 2022 by SSJTCF: Ensuring Safety and Minimizing Transaction Costs

As the world’s most active market with more than $6 trillion traded per day, it generates numerous platforms. Today we present the top 10 Forex brokers.

Foreign exchange trading is a leveraged investment where income and risk coexist. Hence, a high-quality and secure platform must always consider several factors, such as trading system risk, capital security risk, and regulatory risk, from construction to improvement.

To determine whether a platform is good, five points must be considered:

1. Transparent trading environment: all data and information should be accessible.
2. Stability of data transmission: little or no reconnection during transactions.
3. Authoritative regulatory agencies: generally regulated by the UK FCA, NFA, and other international regulatory agencies.
4. Smooth access to gold experience: gold can be accessed at any time.
5. Special isolated account for user funds: typically, a large bank account.

After ensuring safety requirements, while selecting a platform, the difference in advantage, slip point situation, and overnight cost should be compared, and transaction cost should be minimized.

So, which foreign exchange trading platforms meet the above requirements? Today we present the latest ranking of the world’s top ten foreign exchange trading platforms in 2022.

EBC Financial Group

EBC Financial Group is a comprehensive international financial group regulated by the UK and Australia. It is covered by the UK Financial Services Compensation Scheme (FSCS). EBC selects the world’s top indices for more than 60 financial products and offers highly competitive institutional pricing in securities, futures, bonds, derivatives, fixed income, and contracts for difference.

Good service: EBC Financial Group provides users with 524 customized services, covering the entire transaction process.

Excellent quotation: EBC has established cooperative relations with the global 20+ first-level investment banks, hedge funds, and other large institutions, deeply connected to the liquidity capital pool. It has achieved more than 85% of the orders traded at a better price.

Capital security: EBC separates the funds of the company and the customers. The company only has the access right to the customer’s accounts, strictly guaranteeing the safety and convenience of the customer’s assets.

Investment protection: EBC buys more than 10 million dollars a year from Lloyds (Lloyds of London) and Aon Group (AON).

• Entry threshold: $100
• Minimum unit: 0.01 hand
• Leverage: 1:500 times

FOREX Jiasheng

Jiasheng Group is a leader in the global online trading industry, providing foreign exchange platforms for execution, clearing, maintenance, and technology product services for retail customers and institutional investors in more than 180 countries worldwide. Through FOREX, Jiasheng Group provides individual investors with its trading platform and professional services for trading foreign exchange gold and silver products online 24 hours a week.

• Entry threshold: $250
• Minimum unit: 0.1 hand
• Leverage: 1:400 times

HYCM Industrial Investment

Headquartered in London, Industrial Investment is licensed and regulated by the UK FCA and Dubai DFSA. The platform is stable, providing foreign exchange/precious metals/commodity/stock index, and other CFDS products, and providing free MT4 trading software.

• Entry threshold: $500
• Minimum unit: 0.1 hand
• Leverage: 1:200 times

FX Direct Dealer (FXDD):

FXDD is a foreign exchange platform and a subsidiary of a prestigious financial brokerage firm in the United States. Trading products include foreign exchange, gold, silver, crude oil, soybeans, sugar, and index futures. FXDD is regulated by the NFA and is suitable for small and medium investors who are keen on foreign exchange product trading.

• Entry threshold: $250
• Minimum unit: 0.01 lot
• Leverage: 1:400

CAPSTONE Kai stone:

Founded by investment bankers and professionals in the foreign exchange industry, Kaishi focuses on providing foreign exchange trading derivatives such as foreign exchange trading, precious metals trading, and contracts for difference. Kaishi provides investors with dozens of rich investment products in four categories, including foreign exchange, precious metals, CFDs, and other products.

• Entry threshold: $250
• Minimum unit: 0.01 lot
• Leverage: 1:400

Saxo Financial UK Limited:

Saxo Financial UK Limited is one of the group members wholly owned by Saxo Bank. Saxo Financial UK provides private investors with online trading and investments in foreign exchange, contracts for difference, exchange-traded funds, stocks, futures, options, and other derivatives. The Saxo MT4 platform supports more than 60 groups of foreign exchange currency pairs, spot gold and silver, and a variety of index, commodities, futures, and other CFDS online trading products.

• Entry threshold: $10,000
• Minimum unit: 0.01 lot
• Leverage: 1:200

GKFX Jiekai:

GKFX Jiekai Financial Group is a young company that officially established the foreign exchange platform in London in 2009. The group is based in London and is regulated by the UK Financial Conduct Authority (FCA).

• Entry threshold: No gold entry requirement
• Minimum unit: 0.1 lot
• Leverage: 1:400

SSJTCF:

SSJTCF Group is a well-known financial trading service provider in the UK, holding MSB and NFA supervision. The SSJTCF server supports FX 6 clients, which can trade foreign exchange, gold, crude oil, stock index futures, US dollar index, and other products.

• Entry threshold: $100
• Minimum unit: 0.01 lot
• Leverage: 1:500

AETOS Altos:

AETOS Capital Group is a well-known Australian financial trading service provider and foreign exchange platform. Based in Sydney, it is committed to providing a wide range of financial derivatives transactions for retail customers and institutions, mainly including foreign exchange, metals, energy, stock index, agricultural products, and other CFD products.

• Entry threshold: $250
• Minimum unit: 0.1 lot
• Leverage: 1:400

KVB Kunlun International:

KVB Kunlun International is headquartered in New Zealand and is mainly a foreign exchange platform regulated by New Zealand and Australia. We fully provide financial investment products and services to global customers, including Hong Kong stocks and New Zealand, and have a good online trading platform and exclusive stock evaluation of Hong Kong stocks.

• Entry threshold: $500
• Minimum unit: 0.1 lot
• Leverage: 1:200

In summary, there are numerous forex brokers available, but only a handful of them are truly trustworthy and dependable. It is important to remind novice traders that forex trading is not a get-rich-quick scheme and the platform merely acts as a mediator. To be successful, one needs to work hard and take gradual steps. It is advisable to not fall for unrealistic claims such as “any product zero”, “analysts to make money” or “guaranteed yield”. It is important to carefully evaluate and analyze the options before making any decisions.