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A lot of Forex traders may be under the impression that a larger broker is better than a smaller broker due to the advantages that such brokers have including economies of scale, a better position in liquidity, and higher scrutiny from the public and regulatory entities.
When this assumption does carry some merit and to some degree ‘bigger is better, it is not about the total correlation between the size and the quality of Forex brokers. In other words, the largest broker is not necessarily the best.
Traders have differing trading needs and objectives, it is therefore imperative for traders to compare and evaluate brokers to find the one that better suits them.
When measuring the size of a company, there are several criteria used and the most commonly used in ranking companies by size are market capitalization, revenue, and profits.
Where Forex brokers are concerned, another way to measure their size is by comparing the total assets under the broker’s management, or AUM. The closest thing to this is the funds of clients that the broker holds as they represent the total value of client accounts.
Besides, brokers are measured according to the average volume of daily transactions, or AVDT, as the more active clients, the Forex broker has, the less volatile the AVDT will be.
The brokers on the list provided are not in chronological order according to the AVDT, but these values, indicated in Billion USD, and other valuable information regarding the broker and the AUM are indicated for the reader’s convenience and informational purposes.
Let’s get started with the full breakdown of the Best and Biggest Forex Brokers in the world.
XM is one of the largest Forex brokers in the world with a client base of more than 2.5 million registered traders from 196 countries worldwide.
XM offers traders competitive trading conditions and an array of financial instruments which includes Forex, equities, stocks, precious metals, commodities, energies, and shares.
XM offers traders an array of accounts to choose from which are tailored to the needs and objectives of various traders despite whether they are beginners or professional traders.
 PROS |  CONS |
| Strict regulation | No US Clients |
| Negative balance protection | No fixed spread accounts |
| Competitive trading conditions | |
| Variety of account types |
| Feature | Information |
| Regulation | FCA |
| Minimum deposit from | US Dollar 5 |
| Average spread from | 0.0 pips |
| Commissions from | US Dollar 1 |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:888 |
| Bonuses | Yes |
| Customer Support | 24/5 |
| Rating | A |
| AVDT | 13.4 |
Oanda is a reputable and well-regulated broker that has been in operation since 1996 and offers its trading solutions and services to traders from around the world.
Oanda offers traders the trade in more than 10,000 financial instruments spread across numerous asset classes including Forex, indices, metals, energies, commodities, and bonds.
| PROS | CONS |
| Well-regulated in multiple jurisdictions | Restricted leverage |
| Segregated client funds | Social trading is not supported |
| Member of FSCS and CIPF | Fixed spread accounts not offered |
| Advanced trading tools and platforms | Spreads are not the tightest in the industry |
| No minimum deposit requirement |
| Feature | Information |
| Regulation | CFTC, NFA, IIROC, FCA, MAS, ASIC, FFAJ |
| Minimum deposit from | US Dollar 0 |
| Average spread from | 1.2 pips EUR/USD |
| Commissions from | US Dollar 0 |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:100 |
| Bonuses | None |
| Customer Support | 24/5 |
| Rating | B+ |
| AVDT | 10.7 |
HFM is not only highly regulated but a trusted and reputable ECN and STP broker which offers traders access to a wide range of tradable financial instruments.
HFM, also, provides traders with a range of tools and resources which help both beginners and professionals refine their trading.
HFM has more than 1.5 million registered trading accounts and offers traders a variety of account options to choose from, therefore catering to the various trading needs and objectives of numerous traders.
| PROS | CONS |
| Strictly and well-regulated | US Clients not allowed |
| Strong international presence | |
| Competitive trading conditions offered | |
| A great variety of account types offered |
| Feature | Information |
| Regulation | CySEC, FCA, DFSA, FSCA |
| Minimum deposit from | US Dollar 5 |
| Average spread from | 0.0 pips |
| Commissions from | US Dollar 3 |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:1000 |
| Bonuses | Yes |
| Customer Support | 24/5 |
| Rating | A |
| AVDT | 11.5 |
AvaTrade is strictly regulated by multiple regulatory entities and this award-winning broker offers its comprehensive trading solutions and services to numerous traders from around the world.
AvaTrade offers traders access to more than 250 financial instruments spread across asset classes such as forex, commodities, stocks, options, and numerous others.
| PROS | CONS |
| Well-regulated | No US Client |
| Multiple awards obtained | Variable spread accounts not offered |
| Fixed and tight spreads | Lack of account type options |
| Zero-commission trading | |
| Variety of trading platforms |
| Feature | Information |
| Regulation | ASIC, BVI, CBI, FFAJ, FSA, FSCA |
| Minimum deposit from | US Dollar 100 |
| Average spread from | 0.9 pips |
| Commissions from | US Dollar 0 |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:400 |
| Bonuses | Yes |
| Customer Support | 24/5 |
| Rating | B+ |
| AVDT | 7.8 |
Pepperstone is regarded as one of the largest online Forex trading brokers in the world which serves traders from more than 65 worldwide countries.
Traders have access to more than 80 financial instruments that can be traded through Pepperstone ranging from commodities, Forex, Bonds, CFDs, ETFs, and numerous others.
| PROS | CONS |
| Well-regulated | No US Clients |
| Award-winning customer support | Fixed spreads not offered |
| Social trading offered | |
| Hedging and scalping allowed |
| Feature | Information |
| Regulation | ASIC, FCA, DFSA |
| Minimum deposit from | US Dollar 200 |
| Average spread from | 1 pip |
| Commissions from | AUUS Dollar 3.5 |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:500 |
| Bonuses | Yes |
| Customer Support | 24/5 |
| Rating | A- |
| AVDT | 6.7 |
Established in 2007, IC Markets is a strictly regulated and reputable Forex broker that offers comprehensive trading solutions and services that are catered for both beginner and professional traders.
When trading through IC Markets, traders have access to more than 230 financial instruments spread over numerous asset classes such as Forex, commodities, cryptocurrency, stocks, shares, indices, and numerous others.
| PROS | CONS |
| Strict regulation | US Clients not allowed |
| Low fees and tight spreads | Fixed spread accounts not offered |
| Various trading styles supported including hedging and scalping | |
| Social trading offered | |
| Competitive trading conditions |
| Feature | Information |
| Regulation | ASIC |
| Minimum deposit from | US Dollar 200 |
| Average spread from | 0.0 pips |
| Commissions from | US Dollar 3 |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:500 |
| Bonuses | None |
| Customer Support | 24/5 |
| Rating | A+ |
| AVDT | 18.9 |
Admiral Markets is not only a well-regulated Forex broker but one that accepts countless traders from around the world. Admiral Markets is an award-winning broker that offers traders comprehensive trading solutions and services in addition to competitive trading conditions.
When trading through Admiral Markets, traders have access to numerous financial instruments ranging from Forex to commodities, cryptocurrencies, stocks, shares, indices, metals, energies, and more.
| PROS | CONS |
| Strict regulation | US Clients not allowed |
| Negative balance protection offered | Minimum deposit required higher than average |
| Commission-free trading offered | Fixed spreads not offered |
| MetaTrader Supreme offered | |
| Advanced trading tools offered |
| Feature | Information |
| Regulation | ASIC, FCA, EFSA, CySEC |
| Minimum deposit from | US Dollar 200 |
| Average spread from | 0.5 pips |
| Commissions from | US Dollar 3 |
| Deposit/Withdrawal Fees | Some fees may apply |
| Maximum Leverage | 1:500 |
| Bonuses | None |
| Customer Support | 24/5 |
| Rating | C+ |
| AVDT | 3.2 |
Forex.com is a popular Forex broker that has been in operation since 2001 and has more than 200,000 registered traders with access to global markets. Forex.com makes adequate provision for exceptional trading conditions, fast execution speeds, and competitive trading costs.
When trading through Forex.com, traders have access to an array of financial instruments including Forex, commodities, shares, equities, indices, and cryptocurrencies.
| PROS | CONS |
| Well-regulated | Limited payment methods supported |
| US Clients allowed | Fix spreads accounts not offered |
| Advanced trading platforms | |
| Advanced trading tools | |
| Exceptional execution scorecard |
| Feature | Information |
| Regulation | ASIC, CFTC, FCA, FSA, IIROC, JFSA, NFA |
| Minimum deposit from | US Dollar 50 |
| Average spread from | US Dollar 0.11 on XAU/USD |
| Commissions from | US Dollar 0 – US Dollar 5 |
| Deposit/Withdrawal Fees | No |
| Maximum Leverage | 1:50 |
| Bonuses | Yes – Active Trader |
| Customer Support | 24/5 |
| Rating | B- |
| AVDT | 15.5 |
eToro is a well-regulated trading broker that offers traders a variety of financial instruments in addition to offering some of the best trading conditions in the industry.
Traders have two options when it comes to trading namely through CFDs, or by making use of social trading. In addition to offering comprehensive trading solutions, eToro makes provision for its own proprietary trading platform through which trades can be executed seamlessly.
| PROS | CONS |
| Strict regulation | No US Clients |
| Commission-free trading | No Fixed spreads |
| A vast online trading community | MetaTrader not offered |
| Social trading offered | |
| Variety of financial instruments offered |
| Feature | Information |
| Regulation | ASIC, FCA, CySEC |
| Minimum deposit from | US Dollar 200 |
| Average spread from | 3 pips on EUR/USD |
| Commissions from | US Dollar 0 |
| Deposit/Withdrawal Fees | Yes |
| Maximum Leverage | 1:400 |
| Bonuses | None |
| Customer Support | 24/6 |
| Rating | C- |
| AVDT | 4.3 |
Established in 2008, Markets.com is a well-regulated STP broker that offers the trade in more than 2,200 financial instruments spread across Forex and other CFDs.
Markets.com has more than 5 million registered accounts and offers its traders competitive trading conditions and comprehensive trading solutions.
| PROS | CONS |
| Strict regulation | No regulation by FCA |
| Great variety of financial instruments | No US Clients |
| Commission-free accounts offered | Best trading conditions requires a professional account |
| Advanced trading tools | |
| Fixed spreads offered |
| Feature | Information |
| Regulation | ASIC, CySEC, FSCA |
| Minimum deposit from | US Dollar 100 |
| Average spread from | 0.6 on EUR/USD |
| Commissions from | US Dollar 0 |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:300 |
| Bonuses | Yes |
| Customer Support | 24/5 |
| Rating | C |
| AVDT | 4.2 |
FXTM is a popular online trading broker that is strictly regulated, authorized, and overseen by reputable regulatory entities such as CySEC, FCA, FSC, and FSCA.
FXTM offers traders access to global markets through its provision of more than 250 financial instruments spread across multiple asset classes such as Forex, commodities, cryptocurrencies, stocks, shares, and numerous others.
| PROS | CONS |
| Strictly regulated | US Clients not allowed |
| Variety of financial instruments offered | Restricted leverage for EU-clients |
| Commission-free trading offered | |
| Low minimum deposit | |
| Variety of account types offered |
| Feature | Information |
| Regulation | CySEC, FCA, FSC, FSCA |
| Minimum deposit from | US Dollar 10 |
| Average spread from | 0.0 pips |
| Commissions from | US Dollar 2 |
| Deposit/Withdrawal Fees | Yes |
| Maximum Leverage | 1:2000 |
| Bonuses | Yes |
| Customer Support | 24/5 |
| Rating | C+ |
| AVDT | 3.6 |
IG is not only a reputable and well-regulated Forex broker, but one which is trusted by more than 195,000 traders from around the world.
IG offers traders more than 16,000 financial instruments including Forex, stocks, and CFDs which can be traded through an excellent selection of user-friendly and advanced trading platforms such as MetaTrader 4, IG Platform, IG Progressive Web App, and more.
| PROS | CONS |
| Regulated by multiple reputable entities | High minimum deposit requirement |
| Over 16,000 financial instruments | |
| Variety of account options offered | |
| Competitive trading conditions | |
| Longstanding history and good reputation |
| Feature | Information |
| Regulation | FCA, CFTC, NFA, BaFin, FINMA, ASIC, FMA, MAS, FSA, FSCA, DFSA, JFSA, METI, MAFF. |
| Minimum deposit from | US Dollar 250 |
| Average spread from | 0.1 pips on Indices |
| Commissions from | 0.10% CFD EU |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:200 |
| Bonuses | None |
| Customer Support | 24/5 |
| Rating | B- |
| AVDT | 6.8 |
Established in 1992, Saxo Markets is an online broker as well as a licensed bank that provides traders with access to more than 42,000 Forex and CFD assets which can be traded through the broker’s proprietary trading platform.
| PROS | CONS |
| Multi-regulated | US Clients not allowed |
| Multilingual customer support | No Cryptocurrency trading |
| Modern trading platforms supported | Lack of modern payment methods such as Skrill, Neteller, and others. |
| Market analysis provided | No MetaTrader |
| Great variety of Forex and CFD instruments | No fixed spreads |
| Feature | Information |
| Regulation | FSA, FCA, MAS, FINMA, SFC, ASIC |
| Minimum deposit from | US Dollar 500 |
| Average spread from | 0.4 pips Forex |
| Commissions from | US Dollar 1.25 on Commodities |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:66 |
| Bonuses | Yes |
| Customer Support | 24/5 |
| Rating | B |
| AVDT | 12.3 |
Swissquote is one of the leading online Forex brokers which has been in operation since 1996 and has offices based in the UK, Switzerland, Malta, UAE, and Hong Kong.
Swissquote has more than 340,000 registered traders from around the world and provides its clients with access to multiple asset classes from Forex, commodities, cryptocurrencies, stocks, shares, and numerous others.
| PROS | CONS |
| Multi-regulated | US Clients not allowed |
| Variety of tradable financial instruments | No fixed spread accounts |
| Zero-commission trading offered | High minimum deposit |
| Competitive spreads | |
| Trading tools and research resources and tools offered |
| Feature | Information |
| Regulation | FINMA, FCA, MFSA, DFSA, SFC |
| Minimum deposit from | US Dollar 1,000 |
| Average spread from | 1.1 pips |
| Commissions from | US Dollar 0 |
| Deposit/Withdrawal Fees | Some fees may be applied to some payment methods |
| Maximum Leverage | 1:100 |
| Bonuses | Yes |
| Customer Support | 24/5 |
| Rating | B+ |
| AVDT | 4.7 |
Established in 2006, FXPro is a popular Forex trading broker that offers traders from around the world comprehensive trading solutions and some of the most competitive trading conditions in the industry.
When trading with FXPro, traders have access to a wide variety of financial instruments spread across six asset classes which can be traded through the use of MetaTrader 4, MetaTrader 5, cTrader, and Edge.
| PROS | CONS |
| Strict and multiple regulations | No US, Iraq, or Canada clients |
| Multiple modern trading platforms | No managed accounts or social trading |
| Premium trader tools | No cryptocurrency trading |
| VPS access | Not the tightest spreads |
| Expert analysis from Trading Central | Not the lowest commissions |
| Feature | Information |
| Regulation | FCA, CySEC, FSCA, DFSA, SCB |
| Minimum deposit from | US Dollar 100 |
| Average spread from | 0.0 pips |
| Commissions from | US Dollar 4.5 |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:500 |
| Bonuses | None |
| Customer Support | 24/5 |
| Rating | C |
| AVDT | 6.5 |
FXCM is a well-established, well-regulated, and reputable Forex broker which caters adequately to a variety of traders from around the world despite their trading needs, objectives, and level of experience.
FXCM offers traders access to a wide variety of financial instruments in addition to offering comprehensive trading conditions, a range of innovative trading tools, and more.
| PROS | CONS |
| Well-regulated by reputable regulatory entities | US Clients not allowed |
| Client funds kept in segregated accounts | EU clients restricted to 1:30 leverage |
| Commission-free trading offered | Fixed spread accounts not offered |
| MetaTrader 4 NextGen offered | |
| Access to AutoChartist and PsyQuation premium |
| Feature | Information |
| Regulation | FCA, ASIC, FSCA |
| Minimum deposit from | US Dollar 360/£300 |
| Average spread from | 0.2 pips on EUR/USD |
| Commissions from | US Dollar 0.10 on CFDs |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:400 |
| Bonuses | None |
| Customer Support | 24/5 |
| Rating | B- |
| AVDT | 3.8 |
Founded in 1989, and well-regulated by reputable regulatory entities, CMC Markets is multiple award-winning Forex broker that offer traders access to more than 10,000 financial instruments that can be traded through versatile, sophisticated trading platforms.
CMC Markets is one of the few Forex brokers which is listed on the London Stock Exchange and makes adequate provision for traders by offering competitive trading conditions. Through its long-standing reputation, CMC Markets has become one of the leading CFD providers in the world.
| PROS | CONS |
| Multi-regulated | US Clients not allowed |
| Segregated client funds | Spreads are marked-up |
| Powerful platforms offered | Fixed spread accounts not offered |
| No minimum deposit when opening an account | Copy-trading platforms not provided |
| Innovative platform-tools provided | No PAMM or MAM accounts and no FIX API |
| Feature | Information |
| Regulation | FCA, ASIC, MAS, FMA, IIROC |
| Minimum deposit from | US Dollar 1 |
| Average spread from | 0.7 on EUR/USD |
| Commissions from | US Dollar 0 |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:500 |
| Bonuses | None |
| Customer Support | 24/5 |
| Rating | B- |
| AVDT | 3.9 |
Founded in 1978, Interactive Brokers is one of the largest brokerage firms in the United States which has multiple regulations and authorization through reputable entities in serving traders from around the world.
Interactive Brokers offers traders a range of financial instruments and subsequently connects its clients to around 125 markets in 31 countries.
| PROS | CONS |
| Multi-regulated | Fixed spread accounts not offered |
| Variety of accounts and options offered | Restricted leverage for some jurisdictions |
| Cutting edge platforms supported across multiple devices | Islamic Account option not offered |
| Comprehensive trading conditions | MetaTrader not offered |
| Multiple trading tools offered |
| Feature | Information |
| Regulation | US SEC & CFTC, ASIC, FCA |
| Minimum deposit from | US Dollar 0 |
| Average spread from | Variable spreads – not indicated |
| Commissions from | Tiered or fixed – not indicated |
| Deposit/Withdrawal Fees | After the first free withdrawal |
| Maximum Leverage | 1:400 |
| Bonuses | None |
| Customer Support | 24/5 |
| Rating | C- |
| AVDT | 3.9 |
86% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Plus500 takes an innovative approach to trade CFDs which are complex financial products and trading with them requires experience and knowledge. Products are limited to CFDs but users can look forward to web and mobile platforms that are kept up to date.
The support team is available at all hours of the day and features a WhatsApp chat line as opposed to a telephone line.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. It is a serious and risky activity that requires attention, experience, and knowledge. CFD Service. Your capital is at risk
| Pros | Cons |
| User experience is efficient | Limited research tools |
| Trader’s guide with how-to videos | WhatsApp support needs to be optimised |
| 24/7 customer support |
| Features | Prices |
| Minimum Initial deposit to start trading | €100 |
| Average spread EUR/USD – active | N/A |
| Average spread EUR/USD – standard | Spread values can be viewed here |
| VIP or active trader discounts | No |
Dukascopy is both an online Forex trading broker and a licensed bank. Traders are offered access to more than 600 financial instruments which can be traded through the JForex and MetaTrader 4 trading platforms.
Also, Dukascopy offers competitive trading conditions, advanced trading tools, analysis, and research to assist traders in their trading activities.
| PROS | CONS |
| Well-regulated | No US Clients |
| Multiple trading tools | No MetaTrader 5 |
| Flexible trading platforms | Accounts tied to trading platforms |
| PAMM Accounts |
| Feature | Information |
| Regulation | FINMA, FSA |
| Minimum deposit from | US Dollar 100 |
| Average spread from | 0.1 pips |
| Commissions from | US Dollar 5 per million USD |
| Deposit/Withdrawal Fees | Yes |
| Maximum Leverage | 1:200 |
| Bonuses | Yes |
| Customer Support | 24/5 |
| Rating | B |
| AVDT | 3.5 |
Established in 2002, FXDD is a well-regulated ECN and Market Maker broker that offers traders both flexible trading platforms as well as accounting options.
Apart from having access to numerous financial instruments, traders are also provided with a selection of helpful trading tools, daily market analysis, and educational tools and resources.
| PROS | CONS |
| Well-regulated | US Clients not allowed |
| Negative balance protection offered | Fixed spread accounts not offered |
| Commission-free account offered |
| Feature | Information |
| Regulation | MFSA, FSC |
| Minimum deposit from | US Dollar 10 |
| Average spread from | 0.0 pips |
| Commissions from | US Dollar 0.02 on Forex |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:100 |
| Bonuses | None |
| Customer Support | 24/5 |
| Rating | B- |
| AVDT | 3.3 |
Axi is an award-winning and well-regulated broker that was founded by traders to provide comprehensive trading solutions and services to other traders.
Axi offers traders access to a range of markets and competitive trading conditions that consist of tight spreads, low commission charges, good execution, and access to advanced trading platforms.
| PROS | CONS |
| Well-regulated | US Clients are not allowed |
| Commission-free trading | Fixed spread accounts are not offered |
| MetaTrader NextGen offered | Restricted leverage for EU clients |
| Access to AutoChartist and PsyQuation |
| Feature | Information |
| Regulation | ASIC, FCA |
| Minimum deposit from | US Dollar 0 |
| Average spread from | 0.0 pips |
| Commissions from | US Dollar 7 per round turn |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:500 |
| Bonuses | None |
| Customer Support | 24/5 |
| Rating | A- |
| AVDT | 5.3 |
Vantage FX is a multi-regulated ECN and STP trading broker that provides traders with flexible trading platforms along with an adequate amount of accounting options to suit the individual trading needs and objectives of various traders.
In addition to providing competitive trading conditions to its traders, Vantage FX makes adequate provision for award-winning customer service, trading tools, educational resources, and numerous convenient funding methods for deposits and withdrawals.
| PROS | CONS |
| Well-regulated | No US Clients |
| Over 300 financial instruments | No fixed spread accounts |
| Commission-free trading offered | |
| MAM and PAMM accounts | |
| Social trading offered |
| Feature | Information |
| Regulation | FCA, ASIC, CIMA, SIBL |
| Minimum deposit from | US Dollar 200 |
| Average spread from | 0.0 pips |
| Commissions from | US Dollar 2 |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:500 |
| Bonuses | Yes |
| Customer Support | 24/5 |
| Rating | A |
| AVDT | 9.7 |
Regulated by multiple reputable regulatory entities, InstaForex is not only a multi-award-winning broker but also one of the largest in the industry.
Traders have access to more than 300 financial instruments in addition to flexible accounting options, trading platforms, trading tools, and a range of educational materials, tools, and resources.
| PROS | CONS |
| Well-regulated | US Clients not allowed |
| Commission-free trading offered | EU-clients restricted on leverage |
| MetaTrader 4 and 5 offered | |
| Variety of financial instruments | |
| Variety of account types offered |
| Feature | Information |
| Regulation | CySEC, BVI, SVGFSA |
| Minimum deposit from | US Dollar 1 |
| Average spread from | 0.0 pips |
| Commissions from | 0.03% |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:1000 |
| Bonuses | Yes |
| Customer Support | 24/5 |
| Rating | B |
| AVDT | 5.8 |
FXOpen was one of the first online brokers established and to this day, it is still one of the most well-established brokers. FXOpen offers traders some of the best possible trading conditions which consist of low spreads, fast execution, and competitive commissions.
| PROS | CONS |
| Strict regulation | US Clients not allowed |
| Various tools and technologies offered | EU clients restricted to leverage of 1:30 |
| Tightest spreads and lowest commissions | Fixed spread accounts not offered |
| Free VPS access | Limited tradable financial instruments |
| Competitive trading conditions |
| Feature | Information |
| Regulation | ASIC, FCA |
| Minimum deposit from | US Dollar 1 |
| Average spread from | 0.0 pips |
| Commissions from | US Dollar 15 |
| Deposit/Withdrawal Fees | Yes |
| Maximum Leverage | 1:500 |
| Bonuses | Yes |
| Customer Support | 24/5 |
| Rating | B- |
| AVDT | 3.3 |
easyMarkets is a popular and well-regulated online broker that offers comprehensive trading solutions and services to traders from around the world.
When using easyMarkets to facilitate trades, traders have access to more than 200 financial instruments which can be traded through advanced, user-friendly, and flexible trading platforms.
| PROS | CONS |
| Well-regulated | US Clients not allowed |
| Negative balance protection | Variable spread accounts not offered |
| Fixed spread accounts offered | Forex spreads start from 1 pip |
| Commission-free trading offered | |
| Free guaranteed stops |
| Feature | Information |
| Regulation | ASIC, CySEC |
| Minimum deposit from | US Dollar 100 |
| Average spread from | 0.9 pips |
| Commissions from | US Dollar 0 |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:400 |
| Bonuses | Yes |
| Customer Support | 24/5 |
| Rating | C |
| AVDT | 3.2 |
Alpari is a well-established online broker with a global client base that consists of more than 2 million registered traders from over 150 countries.
Alpari offers traders competitive trading conditions, flexible trading platforms, a variety of account options, and advanced trading tools, amidst numerous other features as part of its comprehensive offering.
| PROS | CONS |
| Strict regulation | Several countries were restricted from making use of Alpari’s services including the US, Japan, and more. |
| A longstanding history of superb service | Limited tradable financial instruments offered |
| MetaTrader 4 and MetaTrader 5 offered | Fixed spread accounts not offered |
| PAMM Accounts offered | |
| Customer support is more than 30 languages |
| Feature | Information |
| Regulation | FSC, FSA |
| Minimum deposit from | US Dollar 5 |
| Average spread from | 0.4 pips |
| Commissions from | US Dollar 1.5 per lot per side |
| Deposit/Withdrawal Fees | Yes |
| Maximum Leverage | 1:1000 |
| Bonuses | Yes |
| Customer Support | 24/5 |
| Rating | C- |
| AVDT | 3.0 |
There are numerous criteria used when measuring the size of a brokerage with the Assets Under Management and the Average of Daily Transactions being the two main components.
AUM is the Assets Under Management while AVDT is the Average Volume of Daily Transactions.
The Forex brokers on this list are considered some of the largest Forex brokers in the trading industry and subsequently the world.
There is no rule of thumb to say that a large brokerage will cater more adequately to the needs of every trader. Traders must evaluate and compare brokers to find the one that caters to their individual trading needs and objectives.
Yes, most of the brokers on this list make adequate provision for beginner traders by offering a demo account and numerous educational materials, tools, and resources to help beginners on their journey to becoming more advanced, and even professional traders.
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