Liquidity is “the ability to trade in large size quickly, at low cost, when you want to trade.”
Forex is one of the largest, most active, and most popular foreign exchange markets globally. But to find out the best forex broker, you need to know some features and benefits of them and make sure about your choices. Both beginners and experienced traders need to know some basic details of the forex brokers. You need to know the overall trading experience, fees, customer support, trading platform, and trustworthiness.
To what extent do brokers, acting as intermediaries between companies and investors, play a vital role in affecting stock and foreign exchange liquidity?
Largest forex brokers in the world by volume
| Largest brokers | Billion USD |
|---|---|
| IC Markets | 22.68 |
| Forex.com | 18.6 |
| XM | 16.08 |
| Saxo Bank | 14.76 |
| HF Markets | 13.8 |
| Oanda | 12.84 |
| AvaTrade | 9.36 |
| IG Markets | 8.16 |
| Pepperstone | 8.04 |
| FxPro | 7.8 |
The table below shows the biggest forex brokers globally (the largest fx brokers by volume) based on daily transactions in billion US dollars.
The largest fx brokers based on volume and service quality based on our best forex brokers analysis are:
| Largest Forex broker Review | Visit | Min. lot size | Max. leverage | Min. deposit | Grade |
|---|---|---|---|---|---|
HFM | VISIT HFM | 0.01 | 1:1000 | $1 | 99 |
Capital.com | VISIT CAPITAL | 0.01 | 1:30 | $20 | 98 |
Avatrade | VISIT AVATRADE | 0.01 | 1:400 | $1 | 97 |
FxPro | VISIT FXPRO | 0.01 | 1:500 | $100 | 96 |
IC Markets | VISIT IC MARKETS | 0.01 | 1:500 | $200 | 96 |
XM.com | VISIT XM | 0.01 | 1:888 | $5 | 94 |
Here are the short review and list of the biggest brokers in the world – Forex Brokers by Volume:
1. XM GROUP:
This particular forex broker is one of the best in the trade market. They can offer you an extensive selection list of assets. You can select anyone from their large selection. They can deliver with a low speed all across the large forex market. The owner of this particular group is Trading Point Financial Instrument Limited. This group was established in the year 2009. They have its headquarters in international places such as London, Belize, and Sydney.
They can accommodate every level of a trader with their XM zero account feature. They offer three different types of accounts to the traders. These are as follows:
LIVE ACCOUNTS OF TRADING:
The traders from Australia can get so many benefits and advantages from the low account of XM. They can get a chance to deposit a minimum of $50. For the traders of the EU, they offer zero accounts. The traders who are not from the EU and Australia can also consider XM’s benefits.
DEMO TYPE ACCOUNT:
XM group can also offer the benefits of a demo-type account. The starting balance of this account is $100,000.
ISLAMIC PEOPLE ACCOUNT:
The people or traders who are Islamic or have faith in Islam can also open an account with the XM group.
ADVANTAGES:
* MX Group is one of the significant and largest trading platforms.
* They can offer MT4 and MT5 to all their traders.
* This forex broker is directed by the entire bodies of the regulation system.
* They can also offer beginners and new forex traders the best packages.
* They can also offer 57 different currency pairs, metals, and cryptocurrencies.
DISADVANTAGES:
* US citizens cannot use this group just of some strict regulations.
* They can only offer MetaTrader trading platforms.
2. OANDA:
They do not reveal the whereabouts of their clients. They are very strict in this matter. They use an extensive range of helpful platforms and tools for an easy and uninterrupted trading process. This forex broker is an authorized one, and an eminent Government agency directs it.
Oanda is a low-risk platform in the trading market. So, beginners can trust them fully. Oanda can offer a broad range of research for forex market traders. They have their clients all over 196 countries.
ADVANTAGES:
* You can get premium content.
* You can get so much well researched as well.
* You can start funding via an upgraded mobile application. It is straightforward.
* It is best for casual investors.
DISADVANTAGES:
* They have a small list of tradable products.
It is a top-rated and reliable forex broker. They can offer a variety range of tradable assets. They use such a wide variety of tools and equipment. Through these tools, they can help beginners and experienced traders. You can get competitive bonuses and rewards as well.
ADVANTAGES:
* They can offer their clients a variety of tradable assets.
* They have attractive and lucrative spreads as well.
* They are active in so many countries.
* They can offer bonuses and rewards for non-EU customers.
DISADVANTAGES:
* They cannot accept the traders from the United States due to some regulatory issues.
4. AVATRADE:
It is one of the reputed forex brokers. This platform can offer so many benefits to the clients. They can provide a wide range of variety of assets. So, the clients will get so many options here. They can also offer unique and new opportunities for forex trading.
You can use this forex broker platform through your mobile application. It is user-friendly as well. You can also get extensive support via email, phone, and live chats.
ADVANTAGES:
* They can offer such a wide variety of financial tools.
* They have lucrative spreads as well.
* This is very much popular among the various jurisdictions.
* You can get the chance of a low amount of deposit.
* The clients can get excellent bonuses and rewards as well.
DISADVANTAGES:
* It cannot accept customers from the US.
5. Pepperstone:
It is one of the famous and largest forex brokers in the world. It is a reliable and trustworthy platform. They have so many clients all around the globe.
ADVANTAGES:
* This is very much popular among all jurisdictions.
* You can get the benefits of over 150 financial tools and instruments.
* Cryptocurrencies, CFD is available with them.
* Best broker for the newbies.
DISADVANTAGES:
* There is no proprietary trading platform.
* Does not accept US customers.
6. IC MARKETS:
It was established in the year 2007 in Sydney. The Australian investment Commission directs it. They offer practical benefits and features for both the newbies and experienced traders. It is a perfect choice for high-volume customers and traders.
ADVANTAGES:
* They can offer so many types of trading options.
* You can get all-time support from them.
* For the newbies, they have so many educational videos and testimonials.
DISADVANTAGES:
* Beginners may get confused due to so wide varieties.
