10 Biggest Forex Brokers in The World

 

We have listed the 10 Biggest Forex Brokers in the world, known for their massive trading volumes, global reach, and trusted regulation. These brokers offer advanced platforms, tight spreads, and robust liquidity, allowing traders of all experience levels to access the global forex market with confidence and efficiency.

 

10 Biggest Forex Brokers in the World (2025)

 

1. MultiBank Group – Overall, The Biggest Forex Broker in the World
2. IG – Diverse platform options
3. IC Markets – Ultra-competitive trading conditions
4. AvaTrade – Strong global regulation across nine jurisdictions
5. XM – Zero fees on most deposits and withdrawals
6. HFM – Tools for risk management and trading
7. OANDA – Flexible trading sizes with no minimum deposit
8. Pepperstone – Robust support for algorithmic and copy trading
9. Exness – Unlimited leverage, with ultra-low and stable spreads
10. FP Markets – Award-winning trading platforms like MT 4 and cTrader

 

Top 10 Forex Brokers (Globally)

 

 

1. MultiBank Group

 

★★★★

Minimum Deposit: $50 Regulated by: AUSTRAC, BAFIN, CIMA, ESCA, CySEC, FSC, FMA, MAS, TFG, VFSC Crypto: Yes

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MultiBank Group is one of the world’s largest forex brokers, established in 2005 and regulated by multiple authorities including ASIC, BaFin, and the DFSA. The broker serves clients in over 90 countries, offering deep liquidity, ultra-low spreads, and advanced trading platforms like MetaTrader 4 and 5.

Its strong global presence, high trading volumes, and strict regulatory compliance make MultiBank Group a leading choice for retail and institutional traders worldwide.

 

 

 

Frequently Asked Questions

 

What trading platforms does MultiBank Group offer?

MultiBank Group offers the industry-standard MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. They also provide their proprietary MultiBank-Plus platform, which integrates a Social Trading feature, available for desktop, web, and mobile use.

 

Does MultiBank Group serve international clients?

Yes, MultiBank Group serves a large international client base. It has a global presence with over 25 offices and regulations across five continents, including ASIC, CySEC, and MAS, allowing it to offer services to clients in over 90 countries (excluding notable exceptions like the US).

 

★★★★

Minimum Deposit: $50 Regulated by: AUSTRAC, BAFIN, CIMA, ESCA, CySEC, FSC, FMA, MAS, TFG, VFSC Crypto: Yes

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Pros and Cons

 

 

Final Score

 

 

 

2. IG

 

★★★

Minimum Deposit: $250 Regulated by: FCA, ASIC, CFTC, NFA, BaFin Crypto: Yes

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IG is one of the biggest and most authorized forex brokers in the world, founded in 1974 and regulated by top-tier authorities like the FCA and ASIC. IG serves clients across 190+ countries, offering access to over 17,000 markets, including forex, stocks, and indices.

Its strong reputation, advanced trading technology, tight spreads, and extensive global presence make IG a trusted leader in the global forex industry.

 

 

 

Frequently Asked Questions

 

What markets can I trade with IG?

IG offers access to over 17,000 global markets via CFDs and Spread Betting, including Forex (currencies), Indices (e.g., FTSE 100, Wall Street), Shares 12,000+, Commodities, Cryptocurrencies, and specialist markets like Bonds and Options.

 

Does IG provide user-friendly trading platforms?

Yes, IG offers multiple user-friendly trading platforms. Their proprietary web and mobile apps are intuitive and highly rated for ease of use by beginners. They also provide MetaTrader 4 (MT4) and the more advanced ProRealTime for experienced traders requiring complex analysis.

 

★★★

Minimum Deposit: $250 Regulated by: FCA, ASIC, CFTC, NFA, BaFin Crypto: Yes

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Pros and Cons

 

 

Final Score

 

 

 

3. IC Markets

 

★★★

Minimum Deposit: $200 Regulated by: FSA Crypto: Yes

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IC Markets is one of the biggest and most legit forex brokers in the world, founded in 2007 and authorized by ASIC, CySEC, and the FSA. Known for its ultra-tight spreads, lightning-fast execution, and deep liquidity, IC Markets processes billions in daily trading volume.

Its advanced ECN infrastructure and reliable MetaTrader and cTrader platforms make it a top choice for professional and high-volume traders globally.

 

 

 

Frequently Asked Questions

 

Is IC Markets a legal forex broker?

Yes, IC Markets is a legal and regulated forex broker. It operates globally through different entities regulated by major bodies like ASIC (Australia), CySEC (Cyprus), and the FSA (Seychelles). This multi-jurisdictional regulation confirms its legitimacy and requires client fund segregation.

 

What trading platforms does IC Markets support?

IC Markets supports the three most popular retail trading platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader. Additionally, they have integrated with TradingView, allowing clients to execute trades directly from TradingView charts using a cTrader account.

 

★★★

Minimum Deposit: $200 Regulated by: FSA Crypto: Yes

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Pros and Cons

 

 

Final Score

 

 

 

Top 3 Biggest Forex Brokers in the World – MultiBank Group vs IG vs IC Markets

 

 

 

4. AvaTrade

 

★★★★★

Minimum Deposit: $100 Regulated by: CBI, BVI, FSC, ASIC, FSCA, JFSA, FFAJ Crypto: Yes

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AvaTrade is one of the biggest and most trusted forex brokers in the world, founded in 2006 and legally regulated across multiple jurisdictions, including the Central Bank of Ireland, ASIC, and FSCA. The broker offers access to forex, stocks, commodities, and cryptocurrencies through powerful platforms like MetaTrader 4, MetaTrader 5, and AvaTradeGO.

Its strong global presence, regulatory reliability, and commitment to transparent trading make AvaTrade a leading choice for traders worldwide.

 

 

 

Frequently Asked Questions

 

What platforms does AvaTrade offer?

AvaTrade offers a wide selection of platforms including the industry-standard MetaTrader 4 (MT4) and MetaTrader 5 (MT5). They also provide their proprietary AvaTrade App, WebTrader, AvaOptions (for options trading), and the social trading platform AvaSocial.

 

Does AvaTrade support global traders?

Yes, AvaTrade strongly supports global traders. It operates with multiple licenses from regulatory bodies across 6 continents, including the CBI (Ireland), ASIC (Australia), and FSCA (South Africa). This extensive regulation allows them to serve clients in over 150 countries.

 

★★★★★

Minimum Deposit: $100 Regulated by: CBI, BVI, FSC, ASIC, FSCA, JFSA, FFAJ Crypto: Yes

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Pros and Cons

 

 

Final Score

 

 

 

5. XM

 

★★★★★

Minimum Deposit: $5 Regulated by: FSC Crypto: Yes

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XM is one of the biggest and most approved forex brokers in the world, established in 2009 and regulated by top authorities including CySEC, ASIC, and the DFSA. Serving millions of clients across 190 countries, XM is known for its tight spreads, fast execution, and user-friendly platforms like MetaTrader 4 and MetaTrader 5.

Its strong global presence, regulatory reliability, and transparent trading conditions make XM a leading broker in the global forex market.

 

 

 

Frequently Asked Questions

 

Is XM a registered forex broker?

Yes, XM is a fully registered and multi-regulated forex broker. It is overseen by authorities across several jurisdictions, including the CySEC (Cyprus), ASIC (Australia), DFSA (Dubai), and the FSC (Belize). This confirms its legitimacy and commitment to client safety measures.

 

Does XM cater to international traders?

Yes, XM caters extensively to international traders. With multi-jurisdictional regulation (CySEC, ASIC, etc.) and support for multiple languages and base currencies, XM serves a large client base in over 190 countries worldwide, making it a global brokerage.

 

★★★★★

Minimum Deposit: $5 Regulated by: FSC Crypto: Yes

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Pros and Cons

 

 

Final Score

 

 

 

6. HFM

 

★★★★★

Minimum Deposit: $0 Regulated by: FSCA, FSA, FCA, FSC, CMA Crypto: Yes

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HFM is one of the biggest and most registered forex brokers in the world, founded in 2010 and regulated by top authorities such as the FCA, CySEC, and FSCA. HFM serves millions of traders across 180+ countries, offering tight spreads, fast execution, and powerful platforms like MetaTrader 4 and MetaTrader 5.

Its strong regulation, global presence, and commitment to transparent trading conditions make HFM a leading and trusted broker in the global forex market.

 

 

 

Frequently Asked Questions

 

Is HFM an authorized forex broker?

Yes, HFM (HF Markets) is an authorized and multi-regulated broker. Its operations are overseen by several major financial bodies globally, including the FCA (UK), CySEC (Cyprus), FSCA (South Africa), and the DFSA (Dubai), ensuring strong client fund segregation and compliance.

 

What platforms does HFM offer?

HFM primarily offers the industry-leading MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. Additionally, they provide their own HFM Platform (accessible via the WebTrader and the highly-rated HFM Mobile App), which is integrated with their Copy Trading service.

 

★★★★★

Minimum Deposit: $0 Regulated by: FSCA, FSA, FCA, FSC, CMA Crypto: Yes

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Pros and Cons

 

 

Final Score

 

 

 

7. OANDA

 

★★★★

Minimum Deposit: $0 Regulated by: NFA, CFTC Crypto: Via Paxos

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OANDA is one of the biggest and most authorized forex brokers in the world, established in 1996 and regulated by leading authorities such as the CFTC, FCA, and ASIC. Known for its transparency, reliable execution, and advanced trading technology, OANDA serves traders in over 190 countries.

Its strong regulatory framework, competitive pricing, and reputation for trust make OANDA a top choice among global forex traders.

 

 

 

Frequently Asked Questions

 

What platforms does OANDA offer?

OANDA offers a mix of proprietary and third-party platforms: the OANDA Mobile and OANDA Web apps, MetaTrader 4 (MT4), and MetaTrader 5 (MT5). They also provide direct integration with TradingView, allowing users to execute trades right from its advanced charts.

 

Does OANDA operate globally?

Yes, OANDA operates globally through various regulated entities. It is authorized by major financial bodies like the FCA (UK), ASIC (Australia), IIROC (Canada), and the FSA (Japan), allowing it to serve a vast and diverse international clientele.

 

★★★★

Minimum Deposit: $0 Regulated by: NFA, CFTC Crypto: Via Paxos

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Pros and Cons

 

 

Final Score

 

 

 

8. Peppperstone

 

★★★★★

Minimum Deposit: $200 Regulated by: ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB Crypto: Yes

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Pepperstone is one of the biggest and most legit forex brokers in the world, founded in 2010 and regulated by top authorities including the FCA, ASIC, and DFSA. Known for its ultra-fast execution, low spreads, and advanced trading platforms like MetaTrader 4, MetaTrader 5, and cTrader, Pepperstone serves traders in over 170 countries.

Its strong regulatory framework, institutional-grade liquidity, and award-winning service make it a global leader in forex trading.

 

 

 

Frequently Asked Questions

 

Is Pepperstone a legal forex broker?

Yes, Pepperstone is a fully legal and highly regulated forex broker. It holds licenses from top-tier regulators globally, including the ASIC (Australia), FCA (UK), and CySEC (Cyprus). This multi-jurisdictional oversight confirms its legitimacy and commitment to client fund safety.

 

Does Pepperstone accept global clients?

Yes, Pepperstone accepts clients from across the globe. Their international presence is backed by multiple licenses, including the FCA (UK), ASIC (Australia), and SCB (Bahamas). This allows them to service a vast number of countries, though some restrictions apply (e.g., the US, Japan).

 

★★★★★

Minimum Deposit: $200 Regulated by: ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB Crypto: Yes

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Pros and Cons

 

 

Final Score

 

 

 

9. Exness

 

★★★★★

Minimum Deposit: $1 Regulated by: CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA Crypto: Yes

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Exness is one of the biggest and most authorized forex brokers in the world, established in 2008 and regulated by top authorities such as the FCA, CySEC, and FSCA. Known for its massive trading volumes, ultra-fast execution, and transparent pricing, Exness serves millions of traders across 180+ countries.

Its strong regulatory foundation, low spreads, and reliable trading infrastructure make Exness a global leader in forex trading.

 

 

 

Frequently Asked Questions

 

Is Exness an approved forex broker?

Yes, Exness is an approved and regulated forex broker. It operates globally via multiple entities regulated by authorities like the CySEC (Cyprus), FCA (UK) (for professional clients), FSCA (South Africa), and the FSA (Seychelles), ensuring client fund segregation and security.

 

Does Exness operate globally?

Yes, Exness operates on a massive global scale. It serves clients in over 180 countries across five continents, supported by multiple regulatory licenses including CySEC (Cyprus), FSA (Seychelles), and FSCA (South Africa), and offers 24/7 multilingual customer support.

 

★★★★★

Minimum Deposit: $1 Regulated by: CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA Crypto: Yes

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Pros and Cons

 

 

Final Score

 

 

 

10. FP Markets

 

★★★★★

Minimum Deposit: $100 Regulated by: ASIC, CySEC, FSCA, FSA, FSC, CMA Crypto: Yes

Get startedRead Review

 

FP Markets is one of the biggest and most approved forex brokers in the world, founded in 2005 and regulated by top authorities including ASIC and CySEC. Known for its tight spreads, fast ECN execution, and access to MetaTrader 4, MetaTrader 5, and cTrader platforms, FP Markets serves traders in over 100 countries.

Its strong regulation, transparent pricing, and advanced trading technology make FP Markets a trusted global leader in forex trading.

 

 

 

Frequently Asked Questions

 

What trading platforms does FP Markets provide?

FP Markets provides a wide suite of platforms, including the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5). They also support cTrader for advanced order management, TradingView for charting, and their own WebTrader and Mobile App for comprehensive access.

 

Does FP Markets operate globally?

Yes, FP Markets operates globally and is considered a multi-regulated international broker. It holds licenses from reputable bodies like ASIC (Australia), CySEC (Cyprus), and the FSCA (South Africa). This regulation allows the award-winning Australian-founded broker to serve a diverse client base worldwide.

 

★★★★★

Minimum Deposit: $100 Regulated by: ASIC, CySEC, FSCA, FSA, FSC, CMA Crypto: Yes

Get startedRead Review

 

Pros and Cons

 

 

Final Score

 

 

 

What makes a Forex Broker Popular?

A Forex broker becomes popular due to a combination of trust, performance, and trader-friendly conditions. The most successful brokers typically excel in these key areas:

 

• Strong Regulation and Licensing  – Traders prefer brokers regulated by respected authorities (like the FCA, ASIC, or CySEC) because it ensures security, transparency, and fund protection.
• Competitive Trading Conditions  – Low spreads, fast execution, and flexible leverage attract both beginners and professionals seeking better profitability.
• Advanced Trading Platforms  – Offering reliable, user-friendly, and powerful platforms such as MetaTrader 4, MetaTrader 5, or cTrader enhances the trading experience.
• Reputation and Trustworthiness  – A long track record, positive reviews, and global recognition build confidence among traders.
• Variety of Instruments  – Access to forex pairs, commodities, indices, shares, and cryptocurrencies appeals to traders looking for diversification.
• Customer Support and Education  – Quality, multilingual customer service and educational resources help traders improve and stay loyal.
• Transparency and Withdrawal Reliability  – Smooth deposit/withdrawal processes and honest fee structures strengthen trader trust.

 

Overall, a popular forex broker is one that is regulated, transparent, technologically advanced, and reliable, consistently providing a safe and efficient trading environment for its clients.

 

Criteria for Choosing a Forex Broker

 

 

 

Top 10 Biggest Forex Brokers in the World – A Direct Comparison

 

 

What Real Traders Want to Know!

 

Q: Are the brokers reliable and properly regulated? – Ahmed K.

 

Q: What trading platforms and tools are offered by the biggest brokers? – Jaime P.

 

Q: How stable is the broker company and what is their service suite? – David E.

 

Pros and Cons

 

 

 

You Might also Like:

 

• MultiBank Group Review
• IG Review
• IC Markets Review
• AvaTrade Review
• XM Review
• HFM Review
• OANDA Review
• Pepperstone Review
• Exness Review
• FP Markets Review

 

In Conclusion

The biggest forex brokers in the world are popular for their regulation, reliability, and trading technology. While they offer excellent access and safety, traders should review fees, leverage limits, and regional availability before choosing.