Choosing a broker in 2022 might sound ridiculously easy but in reality, things can turn sideways...
Choosing a broker in 2022 might sound ridiculously easy but in reality, things can turn sideways pretty quickly.
When choosing the best trading partner, it is important to consider several key components of a forex broker namely how long they have been operating, who founded them, who the management is, what regulation they have, and the trading conditions that can be expected.
The Asian forex trading market is one of the quiet markets and due to lower volatility, forex traders can perform scalping, trade on the news, and conduct impressive technical analysis.
The following brokers are the best in Asia for 2022:
Let's dive right in.
1. XM
XM is a forex trading broker and a platform that was founded in 2009 by an undisclosed group/individual. The CEO for XM is Constantinos Cleanthous, who has held the position for an undisclosed number of years. XM is regulated by ASIC, CySEC, and IFSC.
The market capitalization for XM is more than 14.26 billion USD, according to official stock information.
In terms of XM users, there are more than 3.5 million registered forex traders according to the official website for XM. According to official sources, XM has more than 450 employees.
About deposit rates, XM charges a minimum deposit of 5 USD. In terms of forex trading fees, XM charges a spread from 0.0 pips and commissions from 1 USD.
With regards to trading speed, XM executes 99.35% of forex trades within one second according to official sources. In terms of security, XM uses strict security protocols to ensure a safe trading environment.
In terms of financial markets, XM offers more than 1000 tradable financial instruments including stocks, shares, indices, metals, Forex, commodities, cryptocurrency, Energies, and CFDs.
About the trading software, XM supports the following:
In terms of research and training, XM has a newsletter and blog for forex traders. Forex traders can use the following forex training and research tools including podcasts, live education, Forex webinars, trade ideas, and an economic calendar.
2. FP Markets
FP Markets is a forex trading broker and a platform that was founded in 2005 in Australia by Matthew Murphie. The CEO for FP Markets is Nick Twidale who has been in the position for the past 6 months. FP Markets is regulated by ASIC, CySEC, SVGFSA.
The market capitalization of FP Markets is not known and there is no source that provides the daily trading volume, but FP Markets is a popular and trusted forex broker.
In terms of FP Markets users, there is an undisclosed number of registered forex traders and users. According to official sources, FP Markets has between 50 and 100 employees.
About deposit rates, FP Markets charges a minimum deposit of 100 AUD. In terms of forex trading fees, FP Markets charges a spread from 0.0 pips and commissions from 3 USD per 100 000 traded.
With regards to trading speed, FP Markets executes trades swiftly as a result of the Equinix New York facility server cluster. In terms of security, FP Markets guarantees security through regulation and strict security protocols.
In terms of financial markets, FP Markets offers more than 10000 tradable financial instruments including metals, shares, indices, metals, Forex, commodities, cryptocurrency, Energies, and CFDs.
About the trading software, FP Markets supports the following:
In terms of research and training, FP Markets has a newsletter and blog for forex traders. Forex traders can use the following forex training and research tools including copy trading, auto chartist, trader toolbox, Forex VPS, MAM/PAMM, Traders Hub.
3. AvaTrade
AvaTrade is a forex trading broker and a platform that was founded in 2006 in Dublin by Emanuel Konitz. Ferguson, who has held the position for more than 9 years. AvaTrade is regulated by CBI, BVI FSC, ASIC, FSCA, FSA, FFAJ, ADGM, FRSA, CySEC, and ISA.
The market capitalization of AvaTrade is not given by official sources but the daily trading volume is more than 7.8 billion USD.
In terms of AvaTrade users, there are more than 300 000 registered forex traders according to the official website for AvaTrade. According to official sources, AvaTrade has more than 450 employees.
Regarding deposit rates, AvaTrade charges a minimum deposit of 100 USD. In terms of forex trading fees, AvaTrade charges a spread from 0.9 pips EUR/USD and commission-free trading options.
With regards to trading speed, AvaTrade executes trades in less than a few milliseconds according to official sources. In terms of security, AvaTrade
In terms of financial markets, AvaTrade offers more than 1 250 tradable financial instruments including commodities, cryptocurrency, stocks, shares, Indices, CFDs, metals, energies, options, Forex, and bonds.
About the trading software, AvaTrade supports the following:
4. PrimeXBT
PrimeXBT is a forex trading broker and a platform that was founded in Saint Vincent and the Grenadines in 2018 by an undisclosed individual/group.
The CEO for PrimeXBT is not known by official sources. PrimeXBT is regulated by the Australian Securities and Investments Commission (ASIC).
The market capitalization of PrimeXBT is not known but there is an average trading volume of 545 000 000 USD per day, with more than 12000 orders executed per second.
In terms of PrimeXBT users, there is an undisclosed number of registered forex traders from more than 150 countries worldwide according to the official website for PrimeXBT. According to the official website, PrimeXBT has more than 75 employees.
About deposit rates, PrimeXBT charges a minimum deposit of 0.001 BTC. In terms of forex trading fees, PrimeXBT charges a trading fee of 0.001% for Forex majors.
With regards to trading speed, PrimeXBT executes 74.1% of orders within less than 7.12 milliseconds according to the official PrimeXBT website. In terms of security, PrimeXBT has a secure infrastructure that is powered by Amazon AWS and client fund security is guaranteed.
In terms of financial markets, PrimeXBT offers more than 50 tradable financial instruments including Forex, Cryptocurrencies, Commodities, Stock Indices.
About the trading software, PrimeXBT supports the following:
In terms of research and training, PrimeXBT does not have a newsletter but has a blog for forex traders. Forex traders are not given any forex trading tools on the PrimeXBT website but can access tools through the online web platform.
5. Pepperstone
Pepperstone is a forex trading broker and a platform that was founded in 2010 in Australia by Owen Kerr and Joe Davenport.
The CEO for Pepperstone is Tamas Szabo, who has held the position for an undisclosed period. Pepperstone is regulated by ASIC and FCA.
The market capitalization for Pepperstone is not known according to official sources. According to the official Pepperstone website, Pepperstone processes an average of 9.2 billion USD in trades daily.
In terms of Pepperstone users, there are more than 57 000 registered forex traders according to the official website for Pepperstone. According to official sources, Pepperstone has more than 200 employees.
About deposit rates, Pepperstone charges a minimum deposit of 200 USD. In terms of forex trading fees, Pepperstone charges a spread from 0 pips EUR/USD and commissions start from 7 USD round turn per 100K USD traded.
With regards to trading speed, Pepperstone executes large volumes of orders within milliseconds according to official sources. In terms of security, Pepperstone is a trusted, secure forex broker that incorporates the latest security technology and innovations.
In terms of financial markets, Pepperstone offers more than 700 tradable financial instruments including shares, indices, metals, energies, bonds, CFDs, commodities, crypto, stocks.
About the trading software, Pepperstone supports the following:
In terms of research and training, Pepperstone has a newsletter and blog for forex traders. Forex traders can use the following forex training and research tools including,
cTrader Automate, API Trading with Pepperstone, Pepperstone Trading Guides, Pepperstone Market Analysis, Economic Calendar, Social Trading, and ZuluTrade, VPS Hosting.
There you have it!
