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10 Best Forex Brokers by Volume

Last Update: June 26th, 2024

Best Brokers by Volume

 

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

BrokerReviewRegulatorsMin DepositWebsite
🥇Read ReviewASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSAUSD 100Visit Broker >>
🥈Read ReviewFMA, FSAUSD 50Visit Broker >>
🥉Read ReviewFSCA, CySEC, DFSA, FSA, CMAUSD 0Visit Broker >>
4Read ReviewASIC, BaFin, CMA, CySEC, DFSA, FCA, SCBUSD 200Visit Broker >>
5Read ReviewFCA, CySEC, FSCA, SCBUSD 100Visit Broker >>
6Read ReviewCySEC, MISA, FSCAUSD 25Visit Broker >>
7Read ReviewCySEC, FCA, FSA, FSCA, Labuan FSAUSD 100Visit Broker >>
8Read ReviewCBCS, CySEC, FCA, FSA, FSC, FSCA, CMAUSD 10Visit Broker >>
9Read ReviewASIC, CySEC, FSCA, CMAUSD 100Visit Broker >>
10Read ReviewIFSC, FSCA, ASIC, CySECUSD 1Visit 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. ☑️XMTrade 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?

👥Brokers👉 Open Account➡️ OCO Orders🖱️ One-Click Trading🗞️ News Trading
AvaTrade👉 Open Account❌No✔️ Yes✔️ Yes
IC Markets👉 Open Account❌No✔️ Yes✔️ Yes
Forex.com👉 Open Account✔️ Yes✔️ Yes✔️ Yes
Exness👉 Open Account❌No✔️ Yes✔️ Yes
HFM👉 Open Account❌No✔️ Yes✔️ Yes
Saxo Bank👉 Open Account✔️ Yes✔️ Yes✔️ Yes
XM👉 Open Account❌No✔️ Yes✔️ Yes
Oanda👉 Open Account✔️ Yes✔️ Yes✔️ Yes
Interactive Brokers👉 Open Account✔️ Yes✔️ Yes✔️ Yes
Pepperstone👉 Open Account✔️ Yes✔️ Yes✔️ Yes

 

AvaTrade

AvaTrade is a currency powerhouse with a monthly trading volume of 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 -10 Best Forex Brokers by Volume

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

🔎 Feature👁️‍🗨️ Information
🏛️ RegulationCentral Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA, KNF, IIROC
📲 Social Media PlatformsInstagram
Facebook
Twitter
You Tube
🛍️ Retail Investor Accounts1
🗄️ PAMM AccountsMAM
🏦 Liquidity ProvidersCurrenex and other bank and non-bank entities
🧑‍🤝‍🧑 Affiliate Program✔️ Yes
🧑‍⚖️ Order ExecutionInstant
➡️ OCO Orders❌No
🖱️ One-Click Trading✔️ Yes
✏️ Scalping✔️ Yes
📌 Hedging✔️ Yes
🤓 Expert advisors✔️ Yes
🗞️ News Trading✔️ Yes
📊 Trading Api✔️ Yes
📈 Starting spread0.9 pips EUR/USD
💵 Minimum Commission per TradeNone; only the spread is charged
💻 Trading AccountsRetail Account, Professional Account
📊 Trading PlatformsAvaTradeGO
AvaOptions
AvaSocial
MetaTrader 4
MetaTrader 5
DupliTrade
ZuluTrade
💰 Minimum Deposit$100
📉 Trading AssetsForex
Stocks
Commodities
Cryptocurrencies
Treasuries
Bonds
Indices
Exchange-Traded Funds (ETFs)
Options
Contracts for Difference (CFDs)
Precious Metals
💲 USD-based Account?✔️ Yes
💲 USD Deposits Allowed?✔️ Yes
➕ Bonuses for traders?✔️ Yes
💻 Demo Account✔️ Yes
☪️ Islamic Account✔️ Yes (Dubai)
👉 Open Account👉 Open Account

 

Pros and Cons

✔️ Pros❌ Cons
AvaTrade is multi-regulated globally AvaTrade is not regulated in Nigeria
AvaTrade offers several robust trading platforms across device There are no Nigerian CFDs that can be traded
Traders can access several educational materials and trading tools Inactivity fees apply to dormant accounts
AvaTrade charges fixed spreads and zero commissions AvaTrade does not offer 24/7 customer support
Nigerians can participate in social trading with AvaTrade AvaTrade is a market maker and takes the opposite side of the trade against traders
AvaTrade is globally renowned for its superior trading conditionsThe spreads are wider than that of competitors
Traders can expect a range of trading solutions from AvaTrade
There is fast trade execution across markets
Traders can expect deep liquidity from AvaTrade

 

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.

IC Markets

 

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

🔎 Feature👁️‍🗨️ Information
🏛️ RegulationASIC, CySEC, FSA, SCB
📲 Social Media PlatformsLinkedIn
Facebook
Twitter
You Tube
🛍️ Retail Investor Accounts3
🗄️ PAMM Accounts✔️ Yes
🏦 Liquidity Providers25
🧑‍🤝‍🧑 Affiliate Program✔️ Yes
🧑‍⚖️ Order ExecutionMarket
➡️ OCO Orders❌No
🖱️ One-Click Trading✔️ Yes
✏️ Scalping✔️ Yes
📌 Hedging✔️ Yes
🤓 Expert advisors✔️ Yes
🗞️ News Trading✔️ Yes
📊 Trading Api✔️ Yes
📈 Starting spreadFrom 0.0 pips
💵 Minimum Commission per TradeFrom $3 to $3.5
💻 Trading AccountscTrader Account, Raw Spread Account, Standard Account.
📊 Trading PlatformsMetaTrader 4
MetaTrader 5
cTrader
IC Social
Signal Start
Zulu Trade
💰 Minimum DepositHKD1,564.52 in $200
📉 Trading AssetsForex
Indices
Stocks
Commodities
Cryptocurrencies
Bonds
Futures
Bonuses for traders?❌No
📈 Minimum spreadFrom 0.0 pips
💻 Demo Account✔️ Yes
☪️ Islamic Account✔️ Yes
👉 Open Account👉 Open Account

 

Pros and Cons

✔️ Pros❌ Cons
True ECN broker with extremely narrow spreads More sophisticated instructional resources for beginning traders would be useful
Traders have high leverage choices Customer service could provide greater regional assistance to Australian traders
Strong liquidity leads to dependable transaction execution Beginners may feel overwhelmed by the variety of advanced tools available
Support for a variety of trading platforms, including MT4, MT5, and cTrader There are no supplementary services, such as wealth management or stockbroking
There are no constraints on trading techniques, which is perfect for scalping and hedging The financial instruments offered are fewer than most other brokers
IC Markets is known for its raw spreads across marketsSpreads can widen significantly during volatile market conditions
Traders can use various trading strategies with IC Markets
IC Markets is a true ECN broker with fast trade execution
IC Markets offers deep liquidity

 

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.

FOREX.com 10 Best Forex Brokers by Volume

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

🔎 Feature👁️‍🗨️ Information
🏛️ RegulationASIC, CIRO, CIMA, SFC, FSA, MAS, FCA, NFA, CFTC
📲 Social Media PlatformsLinkedIn
Twitter
Facebook
YouTube
🛍️ Retail Investor Accounts3
🗄️ PAMM Accounts❌No
🏦 Liquidity ProvidersAnonymous
🧑‍🤝‍🧑 Affiliate Program✔️ Yes
🧑‍⚖️ Order ExecutionMarket
➡️ OCO Orders✔️ Yes
🖱️ One-Click Trading✔️ Yes
✏️ Scalping✔️ Yes
📌 Hedging✔️ Yes
🤓 Expert advisors✔️ Yes
🗞️ News Trading✔️ Yes
📊 Trading Api✔️ Yes
📈 Starting spread$5 per $100,000 traded
💵 Minimum Commission per TradeUp to 5 digits after the comma
💻 Trading AccountsStandard Account, Meta Trader Account, RAW Spread Account
📊 Trading PlatformsMobile App, WebTrader, MetaTrader 5, TradingView
💰 Minimum Deposit$100
📉 Trading AssetsForex, Indices, Stocks, Cryptocurrency, Commodities, Gold and Silver
💲 USD-based Account?✔️ Yes
💲 USD Deposits Allowed?✔️ Yes
➕ Bonuses for traders?✔️Yes (except for US traders, as per US regulation)
📈 Minimum spreadFrom 0.0 pips
💻 Demo Account✔️ Yes
☪️ Islamic Account✔️ Yes
👉 Open Account👉 Open Account

 

Pros and Cons

✔️ Pros❌ Cons
Tight spreads across a variety of currency pairs There are no strong incentives for high-volume trading
There are multiple trading platforms The demo account expires after 90 days
Strong educational support for traders Platform options can be challenging to browse
Competitive price and a straightforward fee structure Aside from Forex, there are limited product options
An extensive toolkit for analyzing and trading If you do not trade consistently, you will incur an inactivity fee
FOREX.com is heavily regulated by several entitiesThe spreads charged can be wider than other ECN brokers
There are excellent educational and research resourcesBeginners may face a steep learning curve with FOREX.com and its advanced offering
There is a strong emphasis placed on execution speeds and transparency
FOREX.com has an execution scorecard

 

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.

Exness

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

🔎 Feature👁️‍🗨️ Information
🏛️ RegulationFCA, BaFin CySEC, FINMA, DFSA, FSCA, MAS, JFSA, ASIC, FMA, CFTC, NFA, BMA
📲 Social Media PlatformsLinkedIn
Twitter
Facebook
YouTube
🛍️ Retail Investor Accounts5
🗄️ PAMM Accounts❌ No
🏦 Liquidity ProvidersADS Securities, FXCM PRO, and others
🧑‍🤝‍🧑 Affiliate Program✔️ Yes
🧑‍⚖️ Order ExecutionMarket
➡️ OCO Orders❌ No
🖱️ One-Click Trading✔️ Yes
✏️ Scalping✔️ Yes
📌 Hedging✔️ Yes
🤓 Expert advisors✔️ Yes
🗞️ News Trading✔️ Yes
📊 Trading Api❌ No
📈 Starting spread0.0 pips EUR/USD
💵 Minimum Commission per TradeFrom $0.1 per side, per lot
💻 Trading AccountsIG Trading Account
Limited Risk Account
Islamic Account (Dubai traders only)
Demo Account
📊 Trading PlatformsMetaTrader 4
IG Platform
ProRealTime (PRT)
L2 Dealer
FIX API
💰 Minimum Deposit$250
📉 Trading AssetsForex
Indices
Shares
Commodities
Cryptocurrencies
Futures
Options
💲 USD-based Account?✔️ Yes
💲 USD Deposits Allowed?✔️ Yes
➕ Bonuses for traders?❌ No
📈 Minimum spreadFrom 0.0 pips
💻 Demo Account✔️ Yes
☪️ Islamic Account✔️ Yes (Dubai customers only)
👉 Open Account👉 Open Account

 

Pros and Cons

✔️ Pros ❌ Cons
Exness offers ZAR accounts, saving traders on currency conversion fees Exness has limited educational material
There are flexible account types available Unlimited leverage can result in the loss of invested funds
South Africans can deposit and withdraw in ZAR The Cent Account is not denominated in ZAC
Exness is a reputable and well-regulated broker Exness has a limited portfolio of instruments that can be traded
South Africans can trade ZAR against major currencies, with spreads from 121.5 pips USD/ZAR
Exness has low minimum deposit requirements on most accounts
The spreads charged are tight and competitive
Exness receives liquidity from top institutions
Traders can expect fast and reliable trade execution across markets

 

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.

HFM

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

🔎 Feature👁️‍🗨️ Information
🏛️ RegulationFSCA, CySEC, DFSA, FSA, FCA, FSC, CMA
📲 Social Media PlatformsFacebook
Twitter
Telegram
Instagram
YouTube
LinkedIn
🛍️ Retail Investor Accounts5
🗄️ PAMM Accounts✔️ Yes
🏦 Liquidity ProvidersBarclays UK, BNP Paribas, and others
🧑‍🤝‍🧑 Affiliate Program✔️ Yes
🧑‍⚖️ Order ExecutionMarket
➡️ OCO Orders❌ No
🖱️ One-Click Trading✔️ Yes
✏️ Scalping✔️ Yes
📌 Hedging✔️ Yes
🤓 Expert advisors✔️ Yes
🗞️ News Trading✔️ Yes
📊 Trading Api✔️ Yes
📈 Starting spread0.0 pips
💵 Minimum Commission per TradeFrom $6 per round turn on Forex
💻 Trading AccountsMicro Account, Premium Account, HFcopy Account, Zero Spread Account, Auto Account
📊 Trading PlatformsMetaTrader 4 and MetaTrader 5
💰 Minimum DepositNo minimum deposit requirement
📉 Trading AssetsForex, Precious Metals, Energies, Indices, Shares, Commodities, Cryptocurrencies, Bonds, Stocks DMA, ETFs
💰 US-based Account?✔️ Yes
💰 US Deposits Allowed?✔️ Yes
➕ Bonuses for traders?✔️ Yes
📈 Minimum spreadFrom 0.0 pips
💻 Demo Account✔️ Yes
☪️ Islamic Account✔️ Yes
👉 Open Account👉 Open Account

 

Pros and Cons

✔️ Pros❌ Cons
A diverse range of account types cater to different traders There is limited German-language help for local traders
Attractive bonus and promotion offer Educational materials are not specifically suited for the German market
A diverse assortment of trading instruments The withdrawal process might be enhanced for efficiency
Provides both MetaTrader 4 and MetaTrader 5 platforms Spreads on certain accounts may not be as competitive
Multiple governments regulate the trading environment, assuring its security The bonus system can be complicated and may not comply with local regulatory requirements
HFM ensures that order execution is consistent across markets and account typesHFM’s spreads can widen significantly according to the account type, market, and other factors
Traders can expect zero-pip spreads on several currency pairs
There are commission-free options offered
Traders can expect a safe and fair trading environment from HFM

 

Saxo Bank

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

Saxo Bank

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

🔎 Feature👁️‍🗨️ Information
🏛️ RegulationDanish FSA, Danish FSA in UAE, Danish FSA in Brazil, Danish FSA in Czech, FCA, MAS, FINMA, CONSOB, Japan JFSA, Hong Kong FSC, ASIC, Dutch Central Bank and Authority for Financial Markets in the Netherlands, National Bank of Belgium and Financial Services and Market Authority, Banque de France and Autorite Marche Financial
📲 Social Media PlatformsLinkedIn, Twitter, Facebook, YouTube
🛍️ Retail Investor Accounts3
🗄️ PAMM Accounts✔️ Yes
🏦 Liquidity ProvidersTop banks and other institutions
🧑‍🤝‍🧑 Affiliate Program✔️ Yes
🧑‍⚖️ Order ExecutionInstant, Market
➡️ OCO Orders✔️ Yes
🖱️ One-Click Trading✔️ Yes
✏️ Scalping✔️ Yes
📌 Hedging✔️ Yes
🤓 Expert advisors✔️ Yes
🗞️ News Trading✔️ Yes
📊 Trading Api✔️ Yes
📈 Starting spreadFrom 0.4 pips
💵 Minimum Commission per TradeFrom $0 on Mutual Funds
🔎 Trading AccountsClassic, Platinum and VIP
💻 Trading PlatformsSaxoInvestor, SaxoTraderGo, SaxoTraderPro
💸 Minimum Deposit$2000
🔁 Trading AssetsForex, commodities, CFDs, bonds, ETFs, Stocks, Mutual Funds, Crypto ETPs options
💲USD-based Account?✔️ Yes
💲USD Deposits Allowed?✔️ Yes
💰 Bonuses for traders?No
📊 Minimum spreadFrom 0.9 pips
💻 Demo Account✔️ Yes
☪️ Islamic AccountNo
👉 Open Account👉 Open Account

 

Pros and Cons

✔️ Pros❌ Cons
Saxo Bank excels in providing a diverse range of assets, including forex, stocks, bonds, and commodities. The platform may be overwhelming for novice traders due to its advanced features and tools.
The platform offers sophisticated tools for in-depth market analysis, catering to experienced traders. Compared to some competitors, Saxo Bank's fees may be relatively higher, impacting cost-effectiveness.
Saxo Bank provides extensive access to global financial markets, allowing diverse investment opportunities. The sophisticated platform might have a steeper learning curve, requiring time to master for some users.
Experienced traders benefit from tailored support and research resources, enhancing decision-making capabilities.
Saxo Bank incorporates cutting-edge technology for seamless and efficient trading experiences.
Saxo Bank is ideal for high-volume traders
Saxo Bank guarantees fast and reliable trade execution
Traders can expect a well-regulated and transparent trading environment
There are powerful third-party and proprietary platforms with excellent order execution

 

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.

XM

 

Unique Features

🔎 Feature👁️‍🗨️ Information
🏛️ RegulationFSCA, IFSC, ASIC, CySEC, DFSA
📲 Social Media PlatformsLinkedIn
Twitter
Facebook
YouTube
Instagram
🛍️ Retail Investor Accounts4
🗄️ PAMM Accounts❌No
🏦 Liquidity ProvidersUnknown
🧑‍🤝‍🧑 Affiliate Program✔️ Yes
🧑‍⚖️ Order ExecutionMarket, Instant
➡️ OCO Orders❌No
🖱️ One-Click Trading✔️ Yes
✏️ Scalping✔️ Yes
📌 Hedging✔️ Yes
🤓 Expert advisors✔️ Yes
🗞️ News Trading✔️ Yes
📊 Trading Api❌No
📈 Starting spreadFrom 0.7 pips
💵 Minimum Commission per TradeFrom $1 per share
💻 Trading AccountsMicro Account, Standard Account, XM Ultra-Low Account, Shares Account
📊 Trading PlatformsMetaTrader 4, MetaTrader 5, XM Mobile App
💰 Minimum Deposit$5
📉 Trading AssetsForex, Cryptocurrencies, Stock CFDs, Commodities, Equity Indices, Precious Metals, Energies, Shares,
💲 USD-based Account?✔️ Yes
💲 USD Deposits Allowed?✔️ Yes
➕ Bonuses for traders?✔️ Yes
📈 Minimum spreadFrom 0.0 pips
💻 Demo Account✔️ Yes
☪️ Islamic Account✔️ Yes
👉 Open Account👉 Open Account

 

Pros and Cons

✅Pros❌Cons
The XM accounts are accessible to all types of tradersSpreads can fluctuate drastically and quickly
Traders can use leverage up to 1:1000There are position size limits according to the trading account
XM caters to various trading strategiesompared to alternative brokerages, XM offers a relatively limited assortment of cryptocurrencies, which may restrict the range of options available to traders interested in acquiring a diverse selection of crypto assets.
There is a diverse range of tradable instrumentsTraders may incur inactivity penalties if their accounts remain inactive for prolonged durations. This situation may present a challenge for infrequent traders.
XM offers multi-currency accountsXM functions through the implementation of variable spreads, the magnitude of which traders may perceive as being greater during periods of heightened market volatility.
XM applies for negative balance protectionXM, in comparison to certain industry rivals, does not consistently provide fixed deposit advantages, potentially impeding traders who are in search of supplementary incentives.
A cent account is provided by XM, enabling traders, particularly novices in the field, to commence their endeavours with more modest investments while efficiently mitigating their risk exposure.A number of traders are perplexed by XM's fee structure, which varies by account category and has the potential to cause some users to become confused.
XM's platform provides traders with competitive margins that not only enhance cost-effectiveness but also possess the potential to optimise profits.Depending on the regulatory climate, traders whose strategies favour higher leverage ratios may face repercussions if XM is able to enforce leverage restrictions.
XM offers a range of markets that can be tradedXM’s demo account is only available for 90 days if it is not used consistently
XM prides itself on fast and reliable trade executionThe spreads on instruments like NASDAQ can widen during volatile periods
Traders can expect transparent fee schedules with XMThe spreads are not as tight as those charged by other brokers
XM is well-regulated and ensures client fund security

 

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.

OANDA

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

 

Unique Features

🔎 Feature👁️‍🗨️ Information
🏛️ RegulationFSCA, IFSC, ASIC, CySEC, DFSA
📲 Social Media PlatformsLinkedIn
Twitter
Facebook
YouTube
Instagram
🛍️ Retail Investor Accounts5
🗄️ PAMM Accounts❌ No
🏦 Liquidity ProvidersJP Morgan, Deutsche Bank, Citibank, UBS, Morgan Stanley, Citadel Securities, Jump Trading, Credit Suisse
🧑‍🤝‍🧑 Affiliate Program✔️ Yes
🧑‍⚖️ Order ExecutionMarket
➡️ OCO Orders✔️ Yes
🖱️ One-Click Trading✔️ Yes
✏️ Scalping✔️ Yes
📌 Hedging✔️ Yes
🤓 Expert advisors✔️ Yes
🗞️ News Trading✔️ Yes
📊 Trading Api✔️ Yes
📈 Starting spreadFrom 0.1 pips
💵 Minimum Commission per TradeFrom $35
💻 Trading AccountsStandard Account, Core Account, Swap-Free Account, Demo Account
📊 Trading PlatformsOanda Platform, MetaTrader 4, TradingView
💰 Minimum DepositNo specific minimum deposit required.
📉 Trading AssetsIndex CFD's, Forex, Metals, Commodity CFD's, Bonds CFD's, Precious Metals, Real-Time Rates
💲 USD-based Account?✔️ Yes
💲 USD Deposits Allowed?✔️ Yes
➕ Bonuses for traders?✔️Yes (except for US traders, as per US regulation)
📈 Minimum spreadFrom 0.0 pips
💻 Demo Account✔️ Yes
☪️ Islamic Account✔️ Yes
👉 Open Account👉 Open Account

 

Pros and Cons

✅Pros❌Cons
There is no minimum for lower deposits, which is convenient for traders who want to start modestlyDeposits of more than US$9,000 require additional documentation
Some accounts have minimal spreads, allowing for competitive trading conditionsSome accounts charge commissions per million transacted
OANDA offers a range of tradable marketsSome risk-averse traders may find a 50% stop-out too high
Advanced trading platforms include the MT4, MT5, and FxTrade platformsCertain bonuses need a high minimum balance and trading volume
There are no restrictions on trading strategiesOANDA’s platform can be confusing for beginners
Offers an advanced range of trading tools for high-volume trading
Charges tight and competitive spreads
The OANDA platform is advanced and ensures fast and reliable trade execution
OANDA is regulated globally by top entities

 

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.

Interactive Brokers

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

🔎 Feature👁️‍🗨️ Information
🏛️ RegulationFSCA, IFSC, ASIC, CySEC, DFSA
📲 Social Media PlatformsLinkedIn
Twitter
Facebook
YouTube
Instagram
🛍️ Retail Investor Accounts2
🗄️ PAMM Accounts✔️ Yes
🏦 Liquidity ProvidersVarious banks and institutions
🧑‍🤝‍🧑 Affiliate Program✔️ Yes
🧑‍⚖️ Order ExecutionInstant, Market
➡️ OCO Orders✔️ Yes
🖱️ One-Click Trading✔️ Yes
✏️ Scalping✔️ Yes
📌 Hedging✔️ Yes
🤓 Expert advisors✔️ Yes
🗞️ News Trading✔️ Yes
📊 Trading Api✔️ Yes
📈 Starting spreadForm 0.6 pips
💵 Minimum Commission per TradeFrom 0.0005 USD
💻 Trading PlatformsIBKR Lite, IBKR Pro
💻 Trading AccountsIndividual, Joint, Trust, IRA, Non-Professional Advisor, Family Office, Advisor, Advisor Client (including Non-Professional Advisor and Family Office), Broker Client, EmployeeTrack.
📊 Trading Platforms IBKR Trader WorkStation
IBKR Desktop
IBKR Mobile
IBKR GlobalTrader
IBKR Client Portal
IBKR APIs
IBKR Impact
💰 Minimum DepositNo specific minimum deposit required.
📉 Trading AssetsGlobal Stocks, options, futures, currencies, cryptocurrencies
💲 USD-based Account?✔️ Yes
💲 USD Deposits Allowed?✔️ Yes
➕ Bonuses for traders?✔️Yes (except for US traders, as per US regulation)
📈 Minimum spreadFrom 0.0 pips
☪️ Islamic Account❌ No
👉 Open Account👉 Open Account

 

Pros and Cons

✔️ Pros❌ Cons
Extensive range of financial instruments including stocks, options, futures, Forex, bonds, and more. Complex fee structure that may be confusing for some traders.
Direct market access (DMA) providing transparent and efficient trading execution. Higher minimum deposit requirements compared to some other brokers.
Competitive pricing with low commissions and margin rates. Steeper learning curve for beginners due to the advanced trading tools and features.
Powerful trading platforms such as Trader Workstation (TWS) and IBKR Mobile, offering advanced tools and analytics. Limited customer support options, primarily through email and chat.
Global presence with access to over 135 markets in 33 countries. Inactivity fees on dormant accounts.
Interactive Brokers is known for its high-volume trading solutionsIBKR can be extremely complex for beginners
The IBKR platforms are award-winning
IBKR is an ideal broker for experienced and professional traders
The spreads charged are tight and competitive

 

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.

Pepperstone

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

🔎 Feature👁️‍🗨️ Information
🏛️ RegulationASIC, BaFin, CMA, CySEC, DFSA, FCA and SCB
📲 Social Media PlatformsLinkedIn
Facebook
Twitter
You Tube
🛍️ Retail Investor Accounts2
🗄️ PAMM AccountsOnly MAM for Fund Managers
🏦 Liquidity ProvidersBarclays, HSBC
Execution VenuesSucden Financial Limited, IS Prime Limited, LMAX Limited, GAIN Capital, Jefferies Financial Services, Inc. (Morgan Stanley, Morgan Chase)
🧑‍🤝‍🧑 Affiliate Program✔️ Yes
🧑‍⚖️ Order ExecutionMarket
➡️ OCO Orders✔️ Yes
🖱️ One-Click Trading✔️ Yes
✏️ Scalping✔️ Yes
📌 Hedging✔️ Yes
🤓 Expert advisors✔️ Yes
🗞️ News Trading✔️ Yes
📊 Trading Api✔️ Yes
📈 Starting spreadVariable, from 0.0 pips EUR/USD
💵 Minimum Commission per TradeFrom AU$7
💻 Trading AccountsForex
Indices
Shares
Commodities
Cryptocurrencies
ETFs
Currency Indices
📊 Trading PlatformsMetaTrader 4
MetaTrader 5
cTrader
TradingView
Capitalise.ai
💰 Minimum DepositAU$200
📉 Trading AssetsForex
Indices
Shares
Commodities
Cryptocurrencies
ETFs
Currency Indices
➕ Bonuses for traders?❌No
📈 Minimum spreadFrom 0.0 pips
💻 Demo Account✔️ Yes
☪️ Islamic Account✔️ Yes
BaFin Regulation✔️ Yes
👉 Open Account👉 Open Account

 

Pros and Cons

✔️ Pros ❌ Cons
MetaTrader 4, MetaTrader 5, and cTrader are available with PepperstoneThere are limited educational materials
Pepperstone offers straight-through processing without dealing with desk interventionIn-house analysis and trading signals could improve
Pepperstone's customer support is quick to respondWhile Pepperstone offers a diverse range of trading instruments, some traders may find that certain niche assets or markets are not available for trading through this broker.
Active traders can expect narrow spreads and competitive commissionsThere is a smaller range of markets that can be traded compared to rivals
Pepperstone is a large and prominent broker
There are reliable execution speeds, and Pepperstone publishes its execution venues
Traders can expect 0.0 pip spreads on major forex pairs
Pepperstone is trusted and has a transparent fee schedule

 

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. 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 many 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.

Forex Brokers by Volume

 

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

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.

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

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.

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

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

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.

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