10 Best Forex Brokers by Volume
We have listed the 10 Best Forex Brokers by trading volume, known for their high liquidity, fast execution, and trusted global presence. These brokers handle significant daily trading activity, offering tight spreads, reliable platforms, and strong regulation to ensure smooth and efficient trading experiences for both beginners and professional traders.
10 Best Forex Brokers by Volume (2025)
- MultiBank Group – Overall, The Best Forex Broker by Trading Volume
- IC Markets – Choice of popular trading platforms
- Forex.com – Fast and reliable trade execution
- XM – Strong regulatory oversight
- HFM – High leverage (up to 1:2000)
- OANDA – Robust trading platforms powered by TradingView
- AvaTrade – Social/copy trading via AvaSocial
- IG – Powerful and reliable technology for fast execution
- Pepperstone – Competitive spreads (including 0.0 pips on the Razor account)
- FxPro – Negative balance protection for all traders
Top 10 Forex Brokers (Globally)
1. MultiBank Group
MultiBank Group is one of the world’s largest forex and CFD brokers by trading volume, offering high liquidity and ultra-fast trade execution. Regulated across multiple jurisdictions, it provides tight spreads, advanced trading platforms, and institutional-grade trading conditions suitable for both retail and professional traders.
| Broker | MultiBank Group |
| Regulation | 🇦🇺 ASIC/AUSTRAC 🇩🇪 BaFin 🇦🇪 ESCA 🇨🇾 CySEC 🇲🇺 FSC 🇸🇬 MAS 🇻🇺 VFSC 🇰🇾 CIMA 🇦🇹 FMA 🇨🇳 TFG 🇸🇨 FSA 🇲🇳 FSCM 🇦🇪 VARA 🇪🇪 FIU |
| Minimum Deposit | 50 USD |
| Spreads From | 0.0 pips |
| Commissions | None |
| Swap Fees | Yes |
| Leverage | Up to 1:500 |
| Trading Platforms | MetaTrader 4 (MT4) MetaTrader 5 (MT5) MultiBank-Plus Proprietary platforms/tools |
| CFDs Total | 20,000 + |
| Account Segregation | Yes |
| Negative Balance Protection | Yes |
| Investor Protection Schemes | Yes |
| Broker Review |  |
| Trade Now |  |
Frequently Asked Questions
Is MultiBank Group an authorized forex broker?
Yes, MultiBank Group is authorized and heavily regulated by over 14 financial authorities globally, including ASIC (Australia), BaFin (Germany), CySEC (Cyprus), and CIMA (Cayman Islands), through its various subsidiaries.
What is MultiBank Group’s trading volume?
MultiBank Group’s average daily trading volume exceeds $35 billion. In April 2025, they also reported a record single-day trading volume of over $55.85 billion.
Pros and Cons
| ✓ Pros | ✕ Cons |
| Authorized and regulated | Limited educational resources for beginners |
| High trading volume and strong liquidity | Some account types have high minimum deposits |
| Tight spreads with fast trade execution | Regional restrictions in certain countries |
| Advanced MT4 and MT5 platforms | Occasional withdrawal delays reported |
| Wide range of trading instruments | Customer support not available 24/7 |
Final Score
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐☆ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐⭐ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐☆☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐☆ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐⭐ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐☆ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐☆ |
Our Insights
MultiBank Group is an authorized global broker recognized for its high trading volume, tight spreads, and robust regulation. Its advanced platforms and liquidity make it a trusted choice for both retail and professional forex traders.
2. IC Markets
IC Markets is one of the world’s leading authorized forex brokers by trading volume, providing deep liquidity and fast execution speeds. Regulated by top financial authorities, it offers competitive spreads, advanced platforms, and a trusted trading environment for global traders.
| Broker | IC Markets |
| Regulation | 🇦🇺 ASIC 🇨🇾 CySEC 🇸🇨 FSA 🇧🇸 SCB |
| Minimum Deposit | 200 USD |
| Spreads From | 0.0 pips |
| Commissions | Yes |
| Swap Fees | Yes |
| Leverage | Up to 1:500 |
| Trading Platforms | MetaTrader 4 (MT4) MetaTrader 5 (MT5) cTrader WebTrader |
| CFDs Total | 2,300+ |
| Account Segregation | Yes |
| Negative Balance Protection | Yes |
| Investor Protection Schemes | Yes |
| Broker Review | |
| Trade Now |  |
Frequently Asked Questions
What is IC Markets’ trading volume?
IC Markets’ average daily trading volume is over $29 billion, and the average monthly volume rose to $1.38 trillion in Quarter 2 of 2024. They have previously recorded a monthly high of $1.016 trillion.
Does IC Markets support automated trading?
Yes, IC Markets fully supports automated trading. You can use Expert Advisors (EAs) on their MetaTrader 4 and 5 platforms, and custom C# algorithms via cTrader Automate. They also offer a Virtual Private Server (VPS) for optimal execution.
Pros and Cons
| ✓ Pros | ✕ Cons |
| Legit and authorized broker | Limited bonus or promotion offers |
| Extremely high trading volume and liquidity | Inactivity fees may apply |
| Ultra-tight spreads and fast execution | Customer support not 24/7 in all regions |
| Excellent support for automated trading | Complex platform options for beginners |
| Transparent pricing and fee structure | Limited educational resources |
Final Score
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐⭐ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐☆☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐☆ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐⭐ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐☆ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐☆ |
Our Insights
IC Markets is a legit, high-volume forex broker offering deep liquidity, tight spreads, and reliable execution. Regulated by top authorities, it provides a secure, transparent, and efficient trading environment for traders of all levels.
3. Forex.com
Forex.com caters to high-volume traders with its Active Trader program, which offers cash rebates, acknowledging the immense scale of the global forex market, which sees a daily trading volume exceeding $7.5 trillion according to the Bank for International Settlements’ 2022 Triennial Survey.
| Broker | FOREX.com |
| Regulation | 🇬🇧 FCA 🇦🇺 ASIC 🇺🇸 NFA/CFTC 🇨🇦 IIROC/CIRO 🇰🇾 CIMA 🇯🇵 FSA 🇨🇾 CySEC |
| Minimum Deposit | 100 USD |
| Spreads From | 0.0 pips |
| Commissions | Yes |
| Swap Fees | Yes |
| Leverage | Up to 1:200 |
| Trading Platforms | Proprietary FOREX.com platforms MetaTrader 4 (MT4) MetaTrader 5 (MT5) |
| CFDs Total | 5,500+ |
| Account Segregation | Yes |
| Negative Balance Protection | Yes |
| Investor Protection Schemes | Yes |
| Broker Review | |
| Trade Now | |
Frequently Asked Questions
What is Forex.com’s trading volume?
Forex.com, as a division of StoneX Group Inc., is a major participant in the global forex market, which sees a massive daily trading volume exceeding $7.5 trillion in overall currency transactions, according to the Bank for International Settlements’ 2022 survey.
Does Forex.com support different trading platforms?
Yes, Forex.com supports multiple platforms including their own Web Trader and Mobile App, in addition to the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, plus trading directly via TradingView.
Pros and Cons
| ✓ Pros | ✕ Cons |
| Legal and regulated | Limited product range outside forex and CFDs |
| High trading volume and strong liquidity | Some accounts require higher minimum deposits |
| Competitive spreads with fast execution | Inactivity fees may apply |
| Reliable proprietary and MetaTrader platforms | Educational resources could be expanded |
| Transparent pricing and account options | Limited social trading features |
Final Score
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐☆ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐☆☆ |
| 4 | Research and Education | ⭐⭐⭐⭐☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐☆ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐☆ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐☆ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐☆ |
Our Insights
Forex.com is a legal and trusted forex broker offering high trading volume, tight spreads, and deep liquidity. Regulated by global authorities, it ensures safe, transparent, and efficient trading for both beginners and experienced traders.
Top 3 Forex Brokers by Volume – MultiBank Group vs IC Markets vs Forex.com
| Feature |  |  |  |
| Approximate Trading Volume | Recorded over $55.8 billion in a single day, averaging above $35 billion daily. | Averages around $45 billion daily, with consistent high global trading volume. | Estimated around $18 billion daily, maintaining strong retail liquidity. |
| Regulation | 🇦🇺 ASIC/AUSTRAC 🇩🇪 BaFin 🇦🇪 ESCA 🇨🇾 CySEC 🇲🇺 FSC 🇸🇬 MAS 🇻🇺 VFSC 🇰🇾 CIMA 🇦🇹 FMA 🇨🇳 TFG 🇸🇨 FSA 🇲🇳 FSCM 🇦🇪 VARA 🇪🇪 FIU | 🇦🇺 ASIC 🇨🇾 CySEC 🇸🇨 FSA 🇧🇸 SCB | 🇬🇧 FCA 🇦🇺 ASIC 🇺🇸 NFA/CFTC 🇨🇦 IIROC/CIRO 🇰🇾 CIMA 🇯🇵 FSA 🇨🇾 CySEC |
| Liquidity and Spreads | Very deep liquidity with tight spreads and fast execution. | ECN-style liquidity with ultra-low spreads ideal for scalpers. | Solid liquidity and reliable spreads, suitable for retail traders. |
| Platform Options | MetaTrader 4 (MT4) MetaTrader 5 (MT5) MultiBank-Plus Proprietary platforms/tools | MetaTrader 4 (MT4) MetaTrader 5 (MT5) cTrader WebTrader | Proprietary FOREX.com platforms MetaTrader 4 (MT4) MetaTrader 5 (MT5) |
| Best For | High-volume and institutional traders. | Professional and algorithmic traders. | Retail and experienced traders seeking a regulated global broker. |
| Trade Now | | | |
4. XM
XM is an authorized global forex and CFD broker reporting around $16 billion in daily trading volume, offering MT4/MT5 platforms, deep liquidity, and regulation across multiple jurisdictions to serve retail and professional traders.
| Broker | XM |
| Regulation | 🇨🇾 CySEC 🇦🇺 ASIC 🇿🇦 FSCA 🇧🇿 IFSC 🇦🇪 DFSA |
| Minimum Deposit | 5 USD |
| Spreads From | 0.6 pips |
| Commissions | None |
| Swap Fees | Yes |
| Leverage | Up to 1:1000 |
| Trading Platforms | MetaTrader 4 (MT4) MetaTrader 5 (MT5) XM WebTrader |
| CFDs Total | 1,000+ |
| Account Segregation | Yes |
| Negative Balance Protection | Yes |
| Investor Protection Schemes | Yes |
| Broker Review | |
| Trade Now | |
Frequently Asked Questions
Is XM an approved forex broker?
Yes, XM is an approved and multi-regulated broker. It is overseen by several regulatory bodies globally, including the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), and the Financial Services Commission of Belize (FSC).
Which trading platforms does XM offer?
XM primarily offers the globally popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. Additionally, they provide the proprietary XM App, allowing traders to access and manage their accounts across various devices.
Pros and Cons
| ✓ Pros | ✕ Cons |
| Approved and regulated | Limited product range beyond forex and CFDs |
| High trading volume and strong liquidity | No support for cTrader platform |
| Tight spreads with fast trade execution | Inactivity fees may apply |
| Supports MT4 and MT5 platforms | Leverage restrictions in some regions |
| Excellent multilingual customer support | Some account types may have higher spreads |
Final Score
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐☆ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐⭐⭐ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐☆☆ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐☆ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐☆ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐☆ |
Our Insights
XM is an approved global forex broker with around $16 billion in daily trading volume. It offers strong liquidity, reliable MT4/MT5 platforms, and trusted regulation, making it a dependable choice for global traders.
5. HFM
HFM is an approved global forex and CFD broker, reporting a monthly trading volume exceeding US $100 billion, backed by multi-jurisdictional regulation and a wide range of trading platforms and instruments.
| Broker | HFM |
| Regulation | 🇬🇧 FCA 🇨🇾 CySEC 🇦🇪 DFSA 🇿🇦 FSCA 🇸🇨 FSA 🇲🇺 FSC 🇰🇪 CMA |
| Minimum Deposit | 0 USD |
| Spreads From | 0.0 pips |
| Commissions | Yes |
| Swap Fees | Yes |
| Leverage | Up to 1:400 |
| Trading Platforms | MetaTrader 4 (MT4) MetaTrader 5 (MT5) WebTrader HFM proprietary HFCopy |
| CFDs Total | 500+ |
| Account Segregation | Yes |
| Negative Balance Protection | Yes |
| Investor Protection Schemes | Yes |
| Broker Review | |
| Trade Now | |
Frequently Asked Questions
What is HFM’s trading volume?
HFM’s total executed trading volume exceeds $100 billion monthly, demonstrating significant market activity. This high volume reflects the large number of clients and trades processed across their diverse range of financial instruments.
Which trading platforms does HFM offer?
HFM offers its own proprietary HFM Platform, along with the widely popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. These are available across desktop, web, and mobile devices.
Pros and Cons
| ✓ Pros | ✕ Cons |
| Registered and regulated | Limited support for advanced algorithmic trading tools |
| High monthly trading volume and strong liquidity | Inactivity fees after long periods |
| Tight spreads and fast order execution | Promotions may vary by region |
| Supports MT4 and MT5 trading platforms | Leverage limits depend on regulation |
| Wide range of trading instruments and account types | No proprietary trading platform |
Final Score
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐☆ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐⭐☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐☆☆ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐⭐ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐☆ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐☆ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐☆ |
Our Insights
HFM is a registered and regulated forex broker with monthly trading volumes exceeding $100 billion. It offers tight spreads, reliable execution, and trusted platforms, making it ideal for traders seeking strong liquidity and global reach.
6. OANDA
OANDA is a globally registered forex broker that processes billions in trading volume annually, leverages deep institutional-grade liquidity, and operates under multiple top-tier regulators to ensure transparent and efficient execution for traders worldwide.
| Broker | OANDA |
| Regulation | 🇬🇧 FCA 🇦🇺 ASIC 🇺🇸 NFA/CFTC 🇨🇦 IIROC/CIRO 🇸🇬 MAS 🇯🇵 FFAJ 🇻🇬 BVI FSC 🇲🇹 MFSA 🇵🇱 KNF |
| Minimum Deposit | 0 USD |
| Spreads From | 0.0 pips |
| Commissions | Yes |
| Swap Fees | Yes |
| Leverage | Up to 1:50 |
| Trading Platforms | OANDA Trade MetaTrader 4 (MT4) TradingView |
| CFDs Total | 100+ |
| Account Segregation | Yes |
| Negative Balance Protection | Yes |
| Investor Protection Schemes | Yes |
| Broker Review | |
|
Frequently Asked Questions
Is OANDA an authorized forex broker?
Yes, OANDA is an authorized forex broker, as its subsidiaries are regulated in multiple major jurisdictions globally, including the US, UK, Australia, Canada, and others.
Which trading platforms does OANDA offer?
OANDA offers several platforms: its own proprietary OANDA Trade web and mobile apps, plus industry-standard favorites MetaTrader 4 (MT4), MetaTrader 5 (MT5), and seamless trading integration with TradingView.
Pros and Cons
| ✓ Pros | ✕ Cons |
| Authorized and regulated | Limited leverage options due to regulations |
| Strong global reputation with deep liquidity | No MetaTrader 5 support |
| Transparent pricing and no hidden fees | Smaller range of CFDs compared to peers |
| Robust proprietary and MT4 platforms | Inactivity fees may apply |
| Excellent data tools and analytics | Customer support not always available 24/7 |
Final Score
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐☆ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐☆☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐☆☆ |
| 4 | Research and Education | ⭐⭐⭐⭐☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐⭐ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐☆ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐⭐ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐☆ |
Our Insights
OANDA is an authorized and trusted global forex broker known for its strong liquidity, advanced platforms, and transparent pricing. Regulated by leading authorities, it offers a secure and reliable trading experience for all levels of traders.
7. AvaTrade
AvaTrade is an authorized global forex and CFD broker, reporting over US $60 billion in monthly trading volume. It offers a wide range of instruments, strong regulation, and access to MT4/MT5 and other platforms for traders.
| Broker | AvaTrade |
| Regulation | 🇮🇪 CBI 🇻🇬 BVI FSC 🇦🇺 ASIC 🇿🇦 FSCA 🇯🇵 JFSA 🇦🇪 ADGM FSRA 🇮🇱 ISA 🇵🇱 KNF |
| Minimum Deposit | 100 USD |
| Spreads From | 0.9 pips |
| Commissions | None |
| Swap Fees | Yes |
| Leverage | Up to 1:400 |
| Trading Platforms | MetaTrader 4 (MT4) MetaTrader 5 (MT5) WebTrader AvaTradeGO AvaOptions AvaSocial DupliTrade AvaProtect |
| CFDs Total | 1,250+ |
| Account Segregation | Yes |
| Negative Balance Protection | Yes |
| Investor Protection Schemes | Yes |
| Broker Review | |
| Trade Now | |
Frequently Asked Questions
What is AvaTrade’s trading volume?
AvaTrade has over 400,000 registered traders executing more than three million orders monthly, generating a total monthly trading volume of over $70 billion across all instruments.
Which trading platforms does AvaTrade offer?
AvaTrade offers several platforms, including the popular MetaTrader 4 and MetaTrader 5, their proprietary WebTrader and the AvaTrade mobile app. Additionally, they provide specialized platforms like AvaOptions for vanilla options and AvaSocial for copy trading.
Pros and Cons
| ✓ Pros | ✕ Cons |
| Legit and regulated | Inactivity fees after prolonged account dormancy |
| High monthly trading volume and liquidity | Limited account customization |
| Variety of trading platforms including mobile options | No ECN-style accounts for professionals |
| Competitive spreads and execution speed | Customer support could be more responsive |
| Strong educational and market analysis resources | No cryptocurrency deposits available |
Final Score
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐☆ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐⭐☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐⭐ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐⭐ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐☆ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐⭐ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐☆ |
Our Insights
AvaTrade is a legit global forex and CFD broker with over $60 billion in monthly trading volume. It offers tight spreads, multiple platforms, and solid regulation, making it ideal for both beginner and professional traders.
8. IG
IG is a globally authorized broker that provides access to a vast array of over 17,000 financial markets, including more than 80 currency pairs. The firm is well-equipped for high-volume trading and maintains deep liquidity, all while operating under strong regulatory credentials.
| Broker | IG |
| Regulation | 🇬🇧 FCA 🇩🇪 BaFin 🇨🇭 FINMA 🇺🇸 CFTC/NFA 🇦🇺 ASIC 🇳🇿 FMA 🇸🇬 MAS 🇯🇵 FSA 🇿🇦 FSCA 🇦🇪 DFSA |
| Minimum Deposit | 250 USD |
| Spreads From | 0.6 pips |
| Commissions | None |
| Swap Fees | Yes |
| Leverage | Up to 1:30 |
| Trading Platforms | Web platform Mobile apps MetaTrader 4 (MT4) ProRealTime Advanced L2 Dealer |
| CFDs Total | 17,000+ |
| Account Segregation | Yes |
| Negative Balance Protection | Yes |
| Investor Protection Schemes | Yes |
| Broker Review | |
| Trade Now | |
Frequently Asked Questions
Is IG a legal forex broker?
Yes, IG is a highly regulated and legal forex broker. It operates globally through subsidiaries regulated by top-tier financial bodies like the FCA (UK), CFTC/NFA (US), ASIC (Australia), and BaFin (Germany).
Which trading platforms does IG offer?
IG offers its own award-winning online trading platform and mobile app. Additionally, it supports popular specialist platforms like MetaTrader 4 (MT4), the advanced charting tool ProRealTime, and L2 Dealer for Direct Market Access (DMA) on shares.
Pros and Cons
| ✓ Pros | ✕ Cons |
| Legal and regulated | Higher minimum deposit in some regions |
| High trading volume with deep liquidity | Limited leverage options under stricter regulations |
| Competitive spreads and reliable trade execution | No MetaTrader 5 support |
| Wide range of markets and instruments | Occasional platform maintenance downtime |
| Excellent educational and research tools | Customer support response times may vary |
Final Score
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐⭐ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐⭐ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐⭐⭐ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐⭐ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐⭐ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐☆ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐⭐ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐⭐ |
Our Insights
IG is a legal and well-regulated global broker with high trading volume and deep liquidity. It offers reliable platforms, competitive pricing, and strong investor protection, making it a trusted choice for serious traders.
9. Pepperstone
Pepperstone is a globally authorized forex and CFD broker that processes around US $9.2 billion in trades daily, offering deep liquidity, tight spreads, and multi-jurisdictional regulation for traders from over 160 countries.
| Broker | Pepperstone |
| Regulation | 🇦🇺 ASIC 🇬🇧 FCA 🇨🇾 CySEC 🇩🇪 BaFin 🇦🇪 DFSA 🇰🇪 CMA 🇧🇸 SCB |
| Minimum Deposit | 0 USD |
| Spreads From | 0.0 pips |
| Commissions | Yes |
| Swap Fees | Yes |
| Leverage | Up to 500:1 |
| Trading Platforms | MetaTrader 4 (MT4) MetaTrader 5 (MT5) cTrader TradingView Pepperstone’s own platform Myfxbook DupliTrade |
| CFDs Total | 1,200+ |
| Account Segregation | Yes |
| Negative Balance Protection | Yes |
| Investor Protection Schemes | Yes |
| Broker Review | |
| Trade Now | |
Frequently Asked Questions
What is Pepperstone’s trading volume?
Pepperstone reports a strong trading volume, with their numbers stating they have over $400 billion in average monthly trading volume. This is alongside serving over 750,000 clients globally.
Is Pepperstone an approved forex broker?
Yes, Pepperstone is a well-regulated forex broker. It is approved and overseen by multiple top-tier financial bodies globally, including the FCA (UK), ASIC (Australia), CySEC (Cyprus), and BaFin (Germany).
Pros and Cons
| ✓ Pros | ✕ Cons |
| Approved and regulated | No proprietary trading platform |
| High daily trading volume and strong liquidity | Inactivity fees may apply |
| Tight ECN-style spreads and fast execution | Limited educational tools for beginners |
| Wide range of professional-grade trading platforms | Leverage restrictions under some regulators |
| Excellent support for algorithmic and social trading | No fixed spread account option |
Final Score
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐☆ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐☆☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐☆ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐☆☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐⭐ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐☆ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐☆☆ |
Our Insights
Pepperstone is an approved global broker with around $9.2 billion in daily trading volume. It offers tight spreads, deep liquidity, and advanced platforms, making it ideal for professional and high-volume forex traders.
10. FxPro
FxPro is an authorized and highly reputable forex and CFD broker, distinguished by its considerable global volume. In 2024, its UK entity alone processed an estimated $80 billion in notional trading volume.
| Broker | FxPro |
| Regulation | 🇬🇧 FCA 🇿🇦 FSCA 🇧🇸 SCB 🇸🇨 FSA |
| Minimum Deposit | 100 USD |
| Spreads From | 1.2 pips |
| Commissions | Yes |
| Swap Fees | Yes |
| Leverage | Up to 1:200 |
| Trading Platforms | MetaTrader 4 (MT4) MetaTrader 5 (MT5) cTrader FxPro Edge WebTrader Mobile App |
| CFDs Total | 2,100+ |
| Account Segregation | Yes |
| Negative Balance Protection | Yes |
| Investor Protection Schemes | Yes |
| Broker Review | |
| Trade Now | |
Frequently Asked Questions
What is FxPro’s trading volume?
FxPro’s UK entity handled an approximate $80 billion in notional forex and CFD trading volume in 2024. This substantial activity solidifies FxPro’s position as one of the major, high-volume brokers globally.
Which trading platforms does FxPro offer?
FxPro offers a selection of top trading platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, and their proprietary FxPro Trading Platform/App. These are available across desktop, web, and mobile devices.
Pros and Cons
| ✓ Pros | ✕ Cons |
| Registered and regulated | No fixed spread account options |
| High trading volume with deep liquidity | Limited bonus or promotion offers |
| Fast execution and competitive spreads | No cryptocurrency deposits |
| Multiple professional grade trading platforms | Complex fee structure for some accounts |
| Strong reputation with over 20 years in the market | Customer service not 24/7 in all regions |
Final Score
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐⭐ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐⭐☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐⭐ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐⭐ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐⭐ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐☆ |
Our Insights
FxPro is a registered and regulated global forex broker with a trading volume of around $80 billion. It offers fast execution, deep liquidity, and advanced platforms, making it ideal for professional and active traders.
What is Volume is Forex Trading?
In forex trading, volume refers to the total number of currency units or contracts traded during a specific period. It shows how active and liquid the market is. High volume indicates strong market participation and potential price movement, while low volume suggests weaker activity and less volatility.
Traders use volume data to confirm trends, identify reversals, and gauge market strength before entering or exiting trades.
Criteria for Choosing a Forex Broker by Volume
| Criteria | Description | Importance |
| Trading Volume | Represents the total amount of currency traded daily. High volume indicates better liquidity and tighter spreads. | ⭐⭐⭐⭐⭐ |
| Regulation & Licensing | Ensures the broker is legally authorized and operates under financial oversight, protecting traders’ funds. | ⭐⭐⭐⭐⭐ |
| Liquidity Providers | Brokers connected to multiple liquidity providers can offer faster trade execution and more stable pricing. | ⭐⭐⭐⭐☆ |
| Execution Speed | Measures how quickly trades are processed; essential for high volume and scalping strategies. | ⭐⭐⭐⭐☆ |
| Spreads & Commissions | Lower spreads and transparent commission structures reduce trading costs, especially for frequent traders. | ⭐⭐⭐⭐⭐ |
| Trading Platforms | Advanced, reliable platforms with real time data are crucial for handling large volumes effectively. | ⭐⭐⭐⭐☆ |
| Reputation & Trust | A broker’s credibility and customer satisfaction indicate reliability and transparency. | ⭐⭐⭐⭐⭐ |
| Customer Support | Responsive, multilingual support helps resolve issues quickly, especially during high-volume trading. | ⭐⭐⭐⭐☆ |
| Available Instruments | A wide range of currency pairs and CFDs provides flexibility and diversification opportunities. | ⭐⭐⭐☆☆ |
| Deposit & Withdrawal Methods | Efficient and secure funding options ensure smooth capital management. | ⭐⭐⭐⭐☆ |
Top 10 Best Forex Brokers by Volume – A Direct Comparison
| Strong regulation Multiple trading platforms Multiple deposit options | | |
| Raw spreads Mobile access Flexible funding | | |
| MetaTrader 5 (MT5) Fast and reliable execution Competitive pricing | | |
 | Ultra-fast execution Stable leverage Transparent fees | | |
 | Account variety Multiple regulators 24/5 multilingual support | | |
 | Multiple platforms Strong regulation Negative balance protection | | |
 | AvaTrade App Demo Account Competitive Pricing | | |
 | Award-winning platforms Desktop and mobile apps Stop-loss orders | | |
 | Tight spreads No hidden fees Proprietary platform | | |
 | Diverse Assets Advanced Platforms 24/5 Customer Support | | |
What Real Traders Want to Know!
Explore the Top Questions asked by real traders across the Globe. From the impact on spreads to leverage, we provide straightforward answers to help you understand volume and choose the right broker confidently.
Q: How can I get real forex volume data given the decentralized nature of forex trading? – Philip M.
A: Due to decentralization, true forex volume isn’t available. Traders use tick volume, the number of price changes, as a proxy for activity. Some large brokers provide proprietary “real volume” from their client transactions.
Q: What is the impact of trading volume on spreads and how does it affect my trading costs? – John C.
A: Higher trading volume generally leads to tighter spreads (lower difference between buy/sell prices) due to increased liquidity. Tighter spreads reduce your transaction costs (less is lost to the spread).
Q: How does trading volume affect leverage and the ability to open trading positions? – Robert J.
A: High trading volume increases liquidity, which enables faster order execution and generally leads to tighter spreads, making it easier to open a position at the desired price. Volume doesn’t directly affect the leverage ratio itself.
Pros and Cons
| ✓ Pros | ✕ Cons |
| High Liquidity | Higher Minimum Deposits |
| Tighter Spreads | Complex Platforms |
| Strong Market Reputation | Less Personalized Support |
| Advanced Trading Infrastructure | Possible Overcrowding |
| Greater Stability | Limited Regional Promotions |
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In Conclusion
Forex brokers by volume offer high liquidity, tighter spreads, and faster trade execution, making them ideal for active traders. However, they may require higher deposits and offer less personalized service compared to smaller brokers.
Faq
It refers to a ranking or metric that measures a forex broker’s size based on the total dollar value of trades executed by its clients over a specific period. Higher volume generally implies greater liquidity and a larger client base.
A broker with high trading volume suggests better liquidity, which generally leads to tighter spreads and faster, more reliable order execution for traders, minimizing costs and slippage.
Because forex is decentralized, true volume is unavailable. Instead, retail platforms display “tick volume,” which is a proxy that counts the number of times the price changes (or “ticks”) within a given time period.
A high-volume broker generally implies better liquidity and faster execution, which can be a sign of a strong business. However, trustworthiness is primarily determined by regulation, security, transparency, and a solid track record, not volume alone.
Yes, beginners benefit because high-volume brokers offer greater liquidity, meaning faster trade execution and typically tighter spreads (lower transaction costs). However, beginners should prioritize strong regulation and good educational resources.
Yes, generally they do. High-volume brokers can offer tighter spreads (lower transaction costs) because their high trading volume grants them access to deeper liquidity pools and better pricing from liquidity providers.
Yes, high-volume brokers are generally more stable during volatility. Their extensive network with liquidity providers gives them deeper liquidity, allowing them to handle larger trades and offer better execution with less slippage during rapid market moves.
The global forex market’s average daily trading volume is over $7.5 trillion. This figure, reported by the Bank for International Settlements (BIS) from its 2022 survey, solidifies it as the world’s largest financial market.
No, high trading volume and good regulation are not the same. Volume indicates market activity and liquidity. Regulation refers to the rules designed to ensure fair, transparent, and stable trading practices. High volume can exist with poor regulation.
Yes, generally, high-volume traders are offered lower fees, often through tiered commission structures or volume-based rebates. Brokers incentivize this activity to secure more transactions.
