Make it so the Forex brokers are incentivized to improve their game by offering a referral scheme. This way Forex brokers will be motivated to offer more value in their platform and thus encourage more people to try out their services. It could be based on a number of sign-ups, or simply on the amount of funds that are managed through the platform. In either case, they will make money when they bring new users onto the platform, which is a great way to align everyone’s interests.

Best Forex Brokers for 2022

If you are new to forex trading, it is important to learn about the terms used in Forex trading.

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 FX – Best desktop platform, U.S. only

FOREX – Excellent all-round offering

XTB – Great research and education

City Index – Excellent all-round offering

Swissquote – Trusted broker, best banking services