Best forex brokers for beginners in El Salvador in 2022.
To help you find the best forex brokers for beginners in El Salvador in 2022, we first looked at 101 online brokers; then we checked and compared their fees , currency pair selection , charting tools and educational materials .
Our top 5 picks for the best forex brokers for beginners in El Salvador in 2022:
Forex.com is the winner, the best forex broker for beginners in El Salvador in 2022. Low forex fees. Great variety of currency pairs. Diverse technical research tools. Capital.com takes second place. Low forex CFD fees and commission-free real stocks. Great account opening experience. Excellent email and chat support. Swissquote rounds out the top three. Access to many markets and products. No inactivity fee. Rock-solid background. IG is ranked fourth. First-class web trading platform. Superb educational tools. Great deposit and withdrawal options. Interactive Brokers just made it on the list, taking the number five spot. Low trading fees. Wide range of products. Many great research tools.
First of all, fair forex fees . A lot of currency pairs . A great platform with advanced charting. Educational tools to guide you through the basics of trading.
If you're a beginner, be careful with forex trading as forex products are complex and risky, therefore not suitable for everyone . You can easily lose all your invested money. If you don't know how forex trading works, take a look at our forex education articles.
If you feel a bit more comfortable with forex trading, we suggest you also check out our overall list of the best forex brokers.
And now, let's see the top forex brokers for beginners in 2022 for Salvadoran citizens one by one, starting with the winner, Forex.com.
#1 Best forex brokers for beginners Forex.com.
Forex.com is a global FX and CFD broker established in 2001. Forex.com is a brand of StoneX Financial Ltd, whose parent company StoneX Group Inc is listed on the NASDAQ Stock Exchange (NASDAQ:SNEX). The company is regulated by several financial authorities, including the top-tier Financial Conduct Authority (FCA) in the UK, the US Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA). The group is also regulated by the Securities and Futures Commission of Hong Kong (SFC).
Forex.com is considered safe because it has a long track record, it is regulated by top-tier financial authorities, and its parent company is listed on a stock exchange.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Aslo, please note that CFDs are not available in the US – The products and services available to you at FOREX.com will depend on your location, and on which of its regulated entities holds your account.
Recommended for forex traders looking for low fees and great research tools.
Visit broker 80% of retail CFD accounts lose money.
#1 Forex.com Fees.
To have a clear picture of forex fees, we calculated a forex benchmark fee for major currency pairs. This catch-all benchmark includes commissions, spreads and financing costs for all brokers.
Forex.com trading fees Forex.com Capital.com Swissquote IG Interactive Brokers EURUSD benchmark fee $5.9 $8.7 $7.1 $16.1 $10.4 GBPUSD benchmark fee $3.6 $6.6 $5.2 $9.4 $8.3 AUDUSD benchmark fee $5.6 $6.1 $6.6 $11.4 $7.9 EURCHF benchmark fee $5.8 $10.3 $5.3 $9.6 $7.5 EURGBP benchmark fee $7.1 $10.9 $7.6 $17.8 $10.7.
All spreads, commissions and financing rates for opening a position, holding for a week and closing.
Forex.com non-trading fees Forex.com Capital.com Swissquote IG Interactive Brokers Account fee No No No No No Inactivity fee Yes No No Yes No Withdrawal fee $0 $0 $10 $0 $0.
Visit broker More 80% of retail CFD accounts lose money.
#1 Forex.com Markets and products.
Forex.com currency pairs Forex.com Capital.com Swissquote IG Interactive Brokers Currency pairs (#) 91 138 80 205 105.
Visit broker More 80% of retail CFD accounts lose money.
