10 Best Forex Brokers by Volume. Biggest and largest Forex Brokers revealed. With volume serving as a vital measure of a broker’s market power and dependability, we went on a journey to discover and compare the Top 10 Brokers by Volume. In this in-depth guide, you’ll learn:

• What does Trading Volume mean in Forex Trading?
• Who are the Top Forex Brokers by Volume?
• The Advantages of Trading with High-Volume Forex Brokers.
• Conclusion on Forex Brokers by share numbers.
• FAQs on 10 Best Forex Brokers by share numbers.

And lots more…

So, if you’re ready to go “all in” with 10 Best Brokers by Volume…

Let’s dive right in…

🏆 10 Best Forex Brokers

	Broker	Review	Regulators	Min Deposit	Website
🥇		Read Review	ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA	USD 100	Visit Broker >>
🥈		Read Review	FMA, FSA	USD 50	Visit Broker >>
🥉		Read Review	FSCA, CySEC, DFSA, FSA, CMA	USD 0	Visit Broker >>
4		Read Review	SFSA, FSCA, CySec*	USD 5	Visit Broker >>
5		Read Review	FCA, CySEC, FSCA, SCB	USD 100	Visit Broker >>
6		Read Review	FCA, FINMA, FSA, ASIC	USD 0	Visit Broker >>
7		Read Review	CySEC, FCA, FSA, FSCA, Labuan FSA	USD 100	Visit Broker >>
8		Read Review	Not Regulated	0.001 BTC	Visit Broker >>
9		Read Review	ASIC, CySEC, FSCA, CMA	USD 100	Visit Broker >>
10		Read Review	CySEC,MISA, FSCA	USD 20	Visit Broker >>

10 Best Forex Brokers by Volume (2024*)

1. ☑️AvaTrade – trading volumes now surpass $70 billion per month.
2. ☑️IC Markets – US $1.2 trillion in trading volume (March 2023).
3. ☑️Forex.com  – volume comparison updated every 60 seconds.
4. ☑️Exness – biggest forex broker by trading volume with $2.275 trillion.
5. ☑️HFM –  boasting over 2.5 million clients worldwide.
6. ☑️Saxo Bank –  trading volume on the platform came in at $112.5 billion.
7. ☑️XM – Trade With Up To $10500 Deposit Bonus.
8. ☑️Oanda – 25 years of experience in volume trading.
9. ☑️Interactive Brokers –  real-time volumes for spots in their data feeds.
10. ☑️ Pepperstone –  more than $12.55 billion in daily trading volume.

What does Trading Volume mean in Forex Trading?

In Forex trading, volume serves as the foundation of market analysis. Furthermore, trading volume represents the total number of traded currency units during a certain period.

Unlike equities markets, where volume is easily quantified, Forex trading relies on volume estimates, frequently determined by the number of tick changes.

Overall, this indirect technique reveals a complex trader mood and liquidity environment.

Trading volume can be seen as the barometer for the strength of price changes; substantial volumes during a price shift indicate a greater consensus among traders on the price direction, making it an important signal for projecting market momentum.

Top 10 Forex Brokers by Volume?

AvaTrade

AvaTrade is a currency powerhouse, with a monthly trading volume in the billions. This high volume of trading activity demonstrates the broker’s strong liquidity and the confidence it has earned from more than 400,000 traders.

AvaTrade’s performance is further supported by its numerous execution types and exceptional execution speed and reliability, which ensure traders have access to smooth operations and a myriad of market possibilities.

Unique Features

Pros and Cons

IC Markets

IC Markets dominates the currency market with over $29 billion in daily Forex transactions. In addition, IC Markets stands out for its tremendous liquidity and large trading capacity.

This high volume demonstrates the IC Markets’ scale and its popularity among traders who require fast and reliable execution and vast liquidity pools.

In addition, IC Markets caters to a global audience and provides a trading environment in which orders are filled quickly, reducing slippage and improving the trading experience.

Unique Features

Pros and Cons

FOREX.com

FOREX.com forms part of the StoneX Group and has a strong financial and institutional backbone, with assets totaling more than $7.2 billion.

This connection provides unrivaled market access, liquidity, and execution services to retail and institutional traders globally.

In addition, FOREX.com’s access to over 140 foreign currency markets and various liquidity venues distinguishes it as a top alternative for traders seeking stability, extensive market access, and a safe trading platform.

Unique Features

Pros and Cons

Exness

With over 700,000 clients and a monthly trading volume of more than $4 trillion, Exness is one of the largest forex and CFD brokers by volume.

In 2023 alone, Exness performed 1.9 billion transactions, demonstrating its ability to handle enormous trading volumes and provide smooth execution.

This superior activity level demonstrates the broker’s size and scope and its ability to provide liquid markets and efficient transaction execution across various currency pairs and tradable financial instruments.

Unique Features

Pros and Cons

HFM

With 2.5 million customer accounts and $2 billion in client deposits.  HFM is an example of a broker who has effectively expanded its operations to fulfill the demands of a broad and large client base.

The sheer number of affiliates (41,000) and customer accounts (2.5 million+) demonstrate HFM’s broad popularity and the confidence it has earned in the forex world. The broker’s scale and liquidity depth guarantee that clients may obtain competitive spreads and execution times.

Unique Features

Pros and Cons

Saxo Bank

Their website shows Saxo Bank handles over 1 million clients and facilitates over 260,000 deals daily.

With over $100 billion in customer assets and a daily transaction volume of over $17 billion, Saxo Bank demonstrates its great capacity to provide liquidity and execute massive deal volumes.

This strength lets Saxo Bank provide its retail and institutional clients with competitive pricing and access to diverse marketplaces.

Unique Features

Pros and Cons

XM

XM proves its currency market dominance with over $16 billion daily in trading volumes. This volume demonstrates XM’s strong liquidity and capacity to execute huge orders with minimum market effect, which benefits traders through improved pricing and execution.

Unique Features

Pros and Cons

OANDA

OANDA is notable for its ability to provide competitive liquidity and execution across a wide range of currency pairings with a substantial daily trading volume of more than $10 billion.

This volume demonstrates OANDA’s strong market position and ability to meet its clients’ trading demands via efficient order execution.

Unique Features

Pros and Cons

Interactive Brokers

As a NASDAQ-listed entity with $14.1 billion in equity capital and $10.2 billion in surplus regulatory capital, IBKR clearly shows its financial stability and ability to handle high-volume trading.

Furthermore, with 2.56 million client accounts, IBKR is known for its extensive market access, permitting 1.931 million daily average revenue trades, demonstrating its active and diverse customer base.

Unique Features

Pros and Cons

Pepperstone

Pepperstone is a notable name in the forex world, with monthly trading volumes surpassing $7 billion. This substantial trading volume shows Pepperstone’s confidence and efficiency among its clients.

Furthermore,  traders can expect access to some of the deepest liquidity in the market, ensuring that traders can execute large trades with minimum slippage. They are known for their fast and reliable trade execution across financial markets.

Pepperstone is dedicated to technical innovation, ensuring traders can access cutting-edge trading platforms to give them an edge in volatile financial markets.

Unique Features

Pros and Cons

The Advantages of Trading With High-Volume Forex Brokers

High-volume forex brokers offer various advantages suitable for both novice and seasoned traders, including the following.

Liquidity

One major benefit is the greater liquidity these brokers provide, as they have access to an extensive network of players such as banks, financial institutions, and fellow traders. This guarantees prompt execution at fair market rates, even in turbulent times.

Competitive Pricing

High-volume brokers offer a significant benefit in terms of competitive pricing. These brokers can negotiate favorable conditions with liquidity providers due to their extensive trading activities, resulting in narrower spreads and reduced expenses for traders.

Brokers who handle a large volume of trades usually offer an advanced trading setup complete with intricate platforms, cutting-edge tools, and technology.

This arrangement facilitates fast-paced transactions while delivering real-time market data, analytics, and automated trade options. These attributes are invaluable to traders because they can make informed decisions and execute sophisticated trading strategies across markets.

Range of Markets and Trading Partners

Furthermore, choosing a broker with high trading volume means you can access various markets and trading options.

These brokers have a lot of resources and strong networks so they can offer many different currencies, including major, minor, and exotic pairs. They also offer other assets like commodities, indices, or cryptocurrencies.

This flexibility allows traders to explore different investment opportunities across different parts of the market. It is an ideal way to spread out your investments and reduce the risks of focusing too much on one type of investment.

Conclusion

In our experience, brokers with high trading volume offer unparalleled liquidity and market-depth access. This ensures that traders expect fast and reliable trade execution and competitive pricing.

High-volume brokers like those we discussed offer the best technological infrastructure, catering to most trading strategies and trader objectives. However, we noted that the complexity and sheer number of services offered can be daunting, especially for beginners.

FAQs

What exactly does “high volume” entail in forex trading?

A high volume in forex indicates that many currency pairs are purchased and exchanged in a certain period. This signals high market activity, which can lead to improved liquidity and narrower spreads for retail and institutional traders.

Do high-volume brokers provide more than one account type?

Yes, many high-volume brokers have several flexible account types to meet various trading demands. These might be Standard, ECN, Micro, or VIP accounts.

Are high-volume brokers ideal for beginners?

Not always. While high-volume brokers provide certain advantages, beginners may prefer the superb instructional tools and user-friendly platforms other broker types provide.

Why is trading volume significant to forex traders?

Trading volume is important because it affects liquidity (how easily you buy and sell without changing the price). High-volume brokers often provide the best order fills, lower slippage, and competitive pricing.

What features should I seek in a large-volume broker?

Concentrate on narrow spreads, rapid execution times, extensive liquidity, dependable customer service, and any unique tools required for your trading style.

How can I identify credible, high-volume forex brokers?

Research brokers that are heavily regulated by top-tier authorities. Furthermore, look for reviews, examine spreads/fees, and ensure they provide the currency pairings you want to trade.