Awards – Broker Awards 2022
The DayTrading.com Broker Awards for 2022. A recap of the winners and runners up from 2022.
Best Forex Broker Award
Winner: IC Markets
Runners Up: Pepperstone
For forex trading over the last 12 months, IC Markets just pipped Pepperstone to the award, ina reversal of the result last year.
Both firms offer great market depth, customer service and regulatory protection for traders across the globe.
This year however IC Markets improved spreads and trade execution quality which made them first choice.
The Raw spreads and market experience meant IC Markets are one of the largest brokers in the world based on volume right now.
Best Binary Broker Award
Winner: Pocket Option
Runner Up: Quotex
Pocket Option started out in 2017 and have grown very quickly based on a focussed digital trading offering and high customer satisfaction.
At a time when many binary options firms are moving into other financial instruments, Pocket Option have created a new innovative trading experience and shaken up the landscape.
With over 10 million registered users, the future growth of the firm looks assured, and reflects the mission of keeping traders satisfied.
Quotex have grown in a similar fashion and are deserving of a particular mention for Runners-ups spot.
Best US Broker Award
Winner: EagleFX
Runner Up: Nadex
Trading in the US has been fraught with issues over the last 12 months. Robinhood were shown to treat their customers with little to no respect during the Gamestop saga, and it is unlikely they are alone in that attitude.
So where can US traders put their faith?
EagleFX continue to flourish and attract positive feedback from traders. Though not US based or regulated, they do cater for US traders.
Market depth and customer service are two core strengths, and the MT4 and MT5 platforms offer the sort of configurability that active traders seek.
Nadex continue to offer a great option for US based traders looking to access digital options from a US regulated brand.
Best Crypto Award
Winner: eToro
Runner Up: Binance
eToro continue to excel in the competitive category of “Best Cryptocurrency Broker”.
As a brand that offers crypto investment via both CFDs, but also via direct access to a more traditional wallet, they cater for all trader’s needs. Payment can even be made via crypto to pay for goods and services in fiat currencies.
Market depth is also huge at eToro. This is a sign of their experience in the market.
One of the first firms to offer mainstream access to crypto trading, the brand have stayed ahead of the game ever since.
Whether a trader wants quick access to price changes via leverage and CFDs, or wants to buy and hold coins in a secure wallet, eToro provides all options.
For a pure exchange, Binance came out on top.
Best Trading App Award
Winner: Pepperstone
Runners Up: Avatrade
Trading Apps often come down to personal preference for usability and reliability.
Pepperstone have made significant improvements to their mobile offering over the last 12 months and this is reflected in positive feedback from clients.
Catering for regulated markets across the world presents many challenges for a single trading application, but Pepperstone have managed to maintain a high standard of speed and reliability.
With all the functionality a trader could ask for, provided on all mobile formats, this app took top spot from last year’s winners, Avatrade.
Best MT4/MT5 Broker
Winner: Eightcap
Runners Up: EagleFX, IC Markets
Eightcap take the award for “Best MT4/MT5 Broker” this year.
Forex markets and Metatrader go hand in hand, so Eightcap needed to outstrip ‘Best Forex Broker 2022’ IC Markets to take the MT5 award.
Speed, accuracy and quality of execution are all paramount for a forex platform, and the EightCap metatrader setup scores highly in all categories.
Liquidity and transparency are key measures that EightCap use to judge their own performance, and it was the liquidity that gives them a slight edge this year.
EagleFX provide high class Metatrader platforms for US traders and continue to grow. They were runners-up alongside the equally superb offering from IC Markets.
Best Overall Broker
Winner: Avatrade
The big one! Avatrade were awarded “Best Overall Broker” this year.
Avatrade managed to over come regular winners Plus500 by scoring well in all categories and offering a fantastic all-round service.
Regulated in multiple regions, offering huge range of markets, execution quality and customer service, Avatrade deliver in all areas.
The trading platforms are flexible, the account types deliver for a range of traders and customer satisfaction is very high.
To win the overall award, a broker needs broad appeal and good scores across a range of metrics. This is exactly what we see at Avatrade.
