Biggest Forex Broker In The World – In this article, you will find your answer! We have researched the largest forex brokers in the market based on their trading volume and number of clients and have listed them below. Please read the full disclaimer below in terms of selection.
1# IQ Option = 90 million in total, 1,800,000 active traders every day (Source: IQ Option official website)
Biggest Forex Broker In The World
The list above includes forex and CFD brokers that offer forex trading. Please note that the chart does not include all products on the market and is not one of the most popular products in either category. This is probably because many brokers do not publicly disclose their trading months or the number of users they currently have. So while I’ve done my best to find information from reputable sources such as Finance Magnates or a given publisher’s official website, please take the top list with a pinch of salt.
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Exness is a regulated global broker offering Forex, Metals, Cryptocurrencies and CFDs. 24/7 customer service is available on the client with full support for MT4 and MT5 trading platforms. Deposits and withdrawals are free at Exness. In addition, a member of the Investor Compensation Fund, Exness offers a wide range of properties for new traders and similar companies.
There are two general trading accounts and three professional trading accounts at Exness. The Standard Cent account is a perfect account for beginner forex traders who want to learn how to trade with a small amount, with a minimum deposit of $1, spreads as low as 0.3 pips and open micro lots. A regular account has a $1 minimum. Regular account users can access more MT5 assets and platforms, including currencies and cryptocurrencies, with the Cent Account. Corporate accounts have a very low minimum deposit requirement, trading commissions of $3.50 and spreads of less than 0 pips.
IQ Option is one of the leading CySEC-regulated online brokers offering Forex, Cryptocurrencies and other CFDs. With an independent trading platform and easy trading platforms, the user has a minimum margin as low as $10. Not only does it offer a wide range of CFDs for trading, but IQ Option has created its own private trading platform for newbie traders. Accepting social trading with a feature tool called Community Live Deal, the user provides users with a variety of reviews and document types.
There are competitive spreads on IQ Option starting at 0.7 pips. Although depositing at IQ Option is free, there are high withdrawal fees for mobile transfers and an inactivity fee of €10 per month after 90 days of inactivity. There are few academics on IQ Option.
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IC Markets is a broker created in 2007 in Australia. This reliable company, which has been part of the Trading Company for many years, offers traders as little as 0.01, low spreads and excellent customer service. IC Market’s order execution is faster than most platforms. IC Markets is suitable for traders of all experience levels. All users can access additional resources, analysis and tutorials at any time.
Traders can trade CFDs on stocks, stocks, over 65 currency pairs, futures, commodities and metals on major liquid markets. Orders are available between 0.0 pips and 0.1 pips and the broker offers one of the lowest spreads in the world. The lowest limit is $200 and if you have any problem you can talk to their 24/5 customer support.
The company does not charge transaction fees when withdrawing funds, except for withdrawals through international banks. The Company’s shopping centers are located at LD5 (London) and NY4 (New York). The broker’s order execution and clearance is better than its competitors.
Forex.com is operated by GAIN Capital Group LLC, founded in 1999 by Wall Street veterans. Forex.com is a broker that offers its users simple and advanced trading tools, extensive training and low fees. Forex.com is one of the most comprehensive currency trading platforms in the world, allowing you to buy and sell over 80 currency pairs. Trading is made easy with in-platform technical analysis of over 90 individual indicators. You can add multiple indicators to the chart with just one click.
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You can find forex educational tools at this broker, including live webinars for beginners and risk management courses for advanced traders. Forex, options, spot metals and futures can be traded on the platform. The minimum deposit is $100 and Forex.com has a lower minimum deposit than many competing brokers. However, the platform has different spreads.
The Forex.com Active Trader Program allows traders with a balance of at least $10,000 in their account to receive cash back on active trading volume. Supporting the popular MT4 platform suite, Forex.com offers its clients a comprehensive trading platform designed for mobile, web and desktop financial traders.
XM Global Limited is a brokerage company established in Belize in 2017. Forex, commodities, commodities, stock trading orders are executed within a second on the platform. Customer service is available 24/5 in 17 languages. One of the best things about the broker, which offers the possibility to sell more than 60 currency pairs, is that the minimum limit is only $5. This fund is perfect for beginners and those new to the market.
XM Group offers users four types of accounts: micro, standard, zero, and ultra-low. There are no commissions or hidden fees for trading with the broker on any account. Deposit and withdrawal methods include bank, credit card, Skrill, Neteller and similar methods.
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XM offers users various promotions, bonuses and special promotions. Special bonuses, welcome bonuses, deposit bonuses, loyalty bonuses, trading bonuses and loyalty programs offered by the employer. How to find it (not available in some countries). Offering an intuitive platform interface for daily use and various bonuses, this broker has built an excellent reputation throughout the industry.
Saxo Capital Markets is a global service provider operating in over 180 countries offering Forex, Futures, CFDs, Stocks and ETFs. Working as a member of Saxo Bank within the Saxo Group, the broker offers a wide range of investments involving nearly 40,000 instruments. The broker offers spreads from 0.4 pips to CFD and forex traders.
Saxo is fully regulated in 15 different countries including Singapore, England, Denmark and Australia. There are 3 different account types at Saxo: Classic, Platinum and VIP. The minimum deposit required for a Classic account is £500. The Platinum account has a minimum limit of £200,000 and the VIP account has a minimum limit of £1,000,000. All fees and commissions on the broker are competitive for users who can reach Platinum or VIP account level. or make more than 100 transactions per month, but more for Classic account users.
Saxo offers an impressive array of products, including forex, futures, indices, stocks, options, and bonds. Saxo has created a platform for large professional investors. Withdrawing from Saxo is free, but inactive investors have to pay an inactive fee. Activities are discounted for Platinum and VIP accounts.
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HotForex is a market broker founded in 2010 and regulated by seven regulatory bodies. Offering MetaTrader 4 and MetaTrader 5 trading platforms, the broker offers bonus programs for new members. HotForex offers fixed spreads on over 50 currency pairs, with as little as $5.
The HotForex website offers a wide variety of tutorials. Those who want to better understand the basics of Forex, financial markets and CFD trading can check out the HotForex online learning and training center. The client is a beginner marketer by hosting regular webinars, reviewing current market trends and learning some technical analysis techniques. A demo account can be created with 100,000 USD of virtual currency with unlimited use on the broker. They offer 24/5 customer support via phone, email, and LiveChat.
HotForex deposits and withdrawals are free. Funds can be deposited and withdrawn by credit card, debit card, bank transfer and Skrill, and the withdrawal time varies between 2 and 10 days depending on the method used. Bonus options can be used up to 100% on deposits.
OANDA is an online forex broker based in the USA, the company was founded in 1996. OANDA’s intuitive interface allows users to trade directly from the chart and using various analysis tools. Providing access to live trading prices, the platform also offers an efficient automated trading service to enhance its API databases.
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OANDA has an app for mobile devices. Usually they charge low commissions. You can use payment tools such as bank transfers, checks and credit cards, as well as PayPal to fund your OANDA account. OANDA offers a longer demo account than other brokers, allowing traders to test their strategies.
AvaTrade is a well-regulated broker with a global customer base of over 200,000 customers. The Dublin company was founded in 2006. The platform has something for everyone as its supported investments include bonds, indices, stocks,
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