10 Largest Forex Brokers in the World by Volume (2025)

Largest Broker		ADVT (Billion USD)	Regulation
	IC Markets Global	29	ASIC, CYSEC
	Saxo	20.1	ASIC, FCA, FSA, SFC, AMF, CONSOB, FINMA, MAS
	Forex.com	18.6	ASIC, FCA, FSA, NFA, CYSEC, CIRO, MAS
	XM	16.08	ASIC, CYSEC,  FSC (offshore), DFSA, FSCA
	HFM	13.8	CYSEC, FCA, DFSA, FSA (offshore)
	OANDA	12.84	ASIC, FCA, FSA, NFA, CIRO, MAS
	AvaTrade	9.36	ASIC, FSA, FFAJ, ADGM, CBI, FSCA
	IG	8.16	ASIC, FCA, FSA, FMA, MAS, DFSA
	Pepperstone	8.04	ASIC, CYSEC, FCA, DFSA, SCB (offshore)
	FxPro	7.8	CYSEC, FCA

　　⁕ Data of AVDT (Average Daily Volume Traded) is from the broker's website and Internet (updated in 2025).

　　Founded in 2007 in Sydney, Australia, IC Markets Global is a well-known Forex and CFD brokerage firm that offers a variety of investment products to its clients. The firm provides traders with the ability to trade in forex pairs, commodities, stocks, cryptocurrencies, indices, bonds, and futures through various trading platforms such as MetaTrader 4, MetaTrader 5, and cTrader. Three account types can be chosen at IC Markets, including Standard, Raw Spread, and cTrader Raw Spread accounts.

⭐⭐⭐⭐⭐
Daily Trade Volume	$29 billion
Min Initial Deposit	$200
Market Access	2250+, CFDs on forex, commodities, indices, bonds, digital currencies, stocks and futures
Demo Account	✅ (30 days)
Islamic Account	✅
Max Leverage	1:500
Spreads & Commissions	From 0.8 pips & no commission (Std account)
Trading Platforms	MT4, MT5, cTrader
Social/Copy Trading	✅
Deposits & Withdrawals	Credit/debit cards, PayPal, Neteller, Skrill, UnionPay, Wire Transfer, Bpay, Broker to Broker, POLI, Thai/Vietnamese Internet Banking, Rapidpay, Klarna
Education	Web TV, webinar, podcast, getting started tutorial videos, forex glossary
Customer Support	24/7 live chat, phone, email
Bonus	/
Inactivity Fee	/

　　According to WikiFX, IC Markets maintains regulatory compliance in both Australia and Cyprus, adhering to the respective financial regulatory standards in these jurisdictions. Regulatory oversight by ASIC and CYSEC helps ensure transparency and accountability in the broker's operations, contributing to a safer trading environment for clients.

　　IC Markets' Australian entity, INTERNATIONAL CAPITAL MARKETS PTY. LTD., regulated by ASIC under license number 335692, holding a license for Market Making (MM).

　　IC Markets' European entity, IC Markets (EU) Ltd, regulated by CYSEC under regulatory number 362/18, holds a license for Market Making (MM) as well.

Jurisdiction	Regulator		Licensed Institution	License Type	License No.	License
	ASIC - Australia Securities & Investment Commission		INTERNATIONAL CAPITAL MARKETS PTY. LTD.	Market Making (MM)	335692
	CYSEC -Cyprus Securities and Exchange Commission		IC Markets (EU) Ltd	Market Making (MM)	362/18

　　Pros:

　　√ Broad Range of Trading Options: IC Markets offers access to a wide range of markets beyond Forex, including commodities, indices, stocks, bonds, futures, and cryptocurrencies.

　　√ Extensive Trading Platforms: They offer popular platforms such as MetaTrader 4, MetaTrader 5, and cTrader, allowing flexibility for all types of traders.

　　√ Investor Security: IC Markets is well-regulated by the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CYSEC).

　　Cons:

　　× Lack of Additional Services: Unlike some brokers, IC Markets does not provide additional financial services beyond brokerage, such as wealth management or retirement planning.

　　× No Stocks Trading for European Clients: IC Markets does not offer actual stocks trading for European clients, but rather CFDs on stocks.

　　Saxo Bank is a Danish investment bank specializing in online trading and investments. It offers access to international markets for online trading of a wide range of assets including, but not limited to, stocks, ETFs, bonds, mutual funds, IP0, forex, futures, forex options, and listed options. The company's online trading platforms, SaxoInvestor, SaxoTraderGO and SaxoTraderPRO, are recognized globally for their user-friendly interface and are available on multiple devices.

⭐⭐⭐⭐⭐
Daily Trade Volume	HKD 157 billion+ ($20.1 billion+)
Min Initial Deposit	$0
Market Access	Stocks, ETFs, bonds, mutual funds, forex, futures, forex options, listed options
Demo Account	✅ (20 days with $100,000 virtual funds)
Max Leverage	1:100
Spreads & Commissions (Forex)	From 0.4 pips & commission-free
Trading Platforms	SaxoTraderGo, SaxoTraderPRO, SaxoInvestor
Deposits & Withdrawals	Online Banking, Electronic Direct Debit Authorization (eDDA), Bank Transfer (Counter services or ATM)
Customer Support	24/5 phone, email

　　According to WikiFX, Saxo is currently regulated by many financial authorities including ASIC (Australia), FCA (UK), FSA (Japan), SFC (Hong Kong), AMF (France), CONSOB (Italy), FINMA (Switzerland), and MAS (Singapore). More detailed info can be found in the table below:

Jurisdiction	Regulator		Licensed Institution	License Type	License No.	License
	ASIC - Australia Securities & Investment Commission		SAXO CAPITAL MARKETS (AUSTRALIA) LIMITED	Market Making (MM)	280372
	FCA - Financial Conduct Authority		Saxo Capital Markets UK Limited	Market Making (MM)	551422
	FSA - Financial Services Agency		Saxo Bank Securities Ltd.	Retail Forex License	関東財務局長（金商）第239号
	SFC - Securities and Futures Commission of Hong Kong		Saxo Capital Markets HK Limited	Dealing in futures contracts & Leveraged foreign exchange trading	AVD061
	AMF - The Autorité des Marchés Financiers		Saxo bank A/S	Retail Forex License	71081
	CONSOB - National Commission for Companies and the Stock Exchange		BG SAXO SIM SPA	Market Making (MM)	296
	FINMA - Swiss Financial Market Supervisory Authority		SAXO BANK (SCHWEIZ) AG	Financial Service	Unreleased
	MAS - Monetary Authority of Singapore		SAXO CAPITAL MARKETS PTE. LTD.	Retail Forex License	Unreleased

　　Pros:

　　√ Diverse Product Portfolio: Saxo Bank offers a wide range of financial instruments to trade, including stocks, ETFs, bonds, mutual funds, forex, futures, forex options, and listed options.

　　√ Advanced Trading Platforms: They provide three platforms, SaxoTraderGo, SaxoTraderPRO, and SaxoInvestor, all recognized for their innovative features and user-friendly interface.

　　√ Strong Regulatory Oversight: Saxo Bank operates under the supervision of several top-level financial regulatory bodies worldwide, such as ASIC, FCA and FSA, which provides traders with an added level of confidence and security.

　　Cons:

　　× Complex Pricing Structure: Their pricing structure can be somewhat layered and difficult to understand, particularly for inexperienced traders.

　　× Regional Restrictions: Clients from the United States and Japan are not allowed.

　　Forex.com is a global online broker that specializes in Forex trading. It is one of the largest retail Forex brokers in terms of daily trading volume and offers a range of trading products including currency pairs, precious metals, energies, indices, bonds, cryptocurrencies and equities. The platform is known for its advanced trading features, comprehensive educational resources, and extensive market research reports. It provides three types of trading platforms, namely its proprietary Mobile App, Web Trader, and the industry-leading MT5 platform.

⭐⭐⭐⭐⭐
Daily Trade Volume	$18.6 billion
Min Initial Deposit	$100
Market Access	Forex, indices, stocks, cryptos, gold, oil & commodities, bullion
Demo Account	✅ (90 days risk-free trading with $50,000 in virtual funds)
Max Leverage	1:200
Spreads & Commissions (Forex)	From 0.8 pips & commission-free (Standard account)
Trading Platforms	Mobile app, Web Trader, TradingView, MT4/5
Deposits & Withdrawals	Visa, MasterCard, Skrill, Neteller, Wire Transfer (no deposit fee)
Customer Support	Live chat, contact form, phone, email

　　Furthermore, according to WikiFX, it is regulated by multiple financial authorities worldwide, including ASIC (Australia), FCA (UK), FSA (Japan), NFA (USA), CYSEC (Cyprus), CIRO (Canada), and MAS (Singapore), which adds reliability and trustworthiness to its name. More detailed info on regulation can be found in the table below:

Jurisdiction	Regulator		Licensed Institution	License Type	License No.	License
	ASIC - Australia Securities & Investment Commission		STONEX FINANCIAL PTY LTD	Market Making (MM)	345646
	FCA - Financial Conduct Authority		StoneX Financial Ltd	Market Making (MM)	446717
	FSA - Financial Services Agency		StoneX証券株式会社	Retail Forex License	関東財務局長（金商）第291号
	NFA - National Futures Association		GAIN CAPITAL GROUP LLC	Market Making (MM)	0339826
	CYSEC - Cyprus Securities and Exchange Commission		StoneX Europe Ltd	Market Making (MM)	400/21
	CIRO - Canadian Investment Regulatory Organization		GAIN Capital - FOREX.com Canada Ltd	Market Making (MM)	Unreleased
	MAS - Monetary Authority of Singapore		STONEX FINANCIAL PTE. LTD.	Retail Forex License	Unreleased

　　Pros:

　　√ Regulatory Oversight: Forex.com is regulated by several high-profile financial authorities, including ASIC (Australia), FCA (UK), FSA (Japan), NFA (USA), CYSEC (Cyprus), CIRO (Canada), and MAS (Singapore), which helps ensure that they maintain fair and transparent trading practices.

　　√ Broad Range of Markets: Beyond Forex, Forex.com also provides trading in products such as forex, indices, stocks, cryptos, gold, oil & commodities, and bullion.

　　√ Educational Resources: Forex.com offers a wide range of educational materials, such as courses, lessons, platform tutorials, and Glossary, perfect for beginner traders who are looking to expand their knowledge about trading.

　　Cons:

　　× Lack of Social Trading Features: Unlike some brokers, Forex.com currently doesn't offer a social trading platform where users can copy trades from more experienced traders.

　　XM is an online broker that provides access to trading 1,400+ financial instruments including forex, commodities, precious metals, shares, Turbo stocks, equity indices, energies, and thematic indices. Founded in 2009, XM has grown to offer its services on a global scale and it's recognized for its strict regulatory compliance.

　　They offer multiple account types including Standard, Ultra low and Shares accounts. All these accounts involve low minimum deposits and provide access to various currency pairs. XM also provides several trading platforms, including MetaTrader 4 and MetaTrader 5, available on both PC and mobile.

　　XM is known for its generous bonuses and promotional offers, high-quality customer service, and comprehensive educational resources.

⭐⭐⭐⭐⭐
Daily Trade Volume	$16.08 billion
Min Initial Deposit	$5
Market Access	1,400+, forex, commodities, precious metals, shares, Turbo stocks, equity indices, energies, thematic indices
Demo Account	✅ (30 days)
Max Leverage	1:1000
Spreads & Commissions (Forex)	From 1.6 pips & commission-free (Standard account)
Trading Platforms	MT4/5, XM App
Social Trading	✅
Deposits & Withdrawals	Free - credit/debit cards, bank transfers, e-wallets
Customer Support	Live chat, phone

　　Moreover, according to WikiFX, it's regulated by several financial regulatory bodies, including the ASIC (Australia), CYSEC (Cyprus), DFSA (United Arab Emirates), FSCA (South Africa) and offshore FSC (Belize), which provides clients with greater protection and transparency in their operations.

Jurisdiction	Regulator		Licensed Institution	License Type	License No.	License
	ASIC - Australia Securities & Investment Commission		TRADING POINT OF FINANCIAL INSTRUMENTS PTY LTD	Market Making (MM)	443670
	CYSEC - Cyprus Securities and Exchange Commission		Trading Point Of Financial Instruments Ltd	Market Making (MM)	120/10
	DFSA - Dubai Financial Services Authority		Trading Point MENA Limited	Retail Forex License	F003484
	FSCA - Financial Sector Conduct Authority		XM ZA (PTY) LTD	Financial Service	49976
	FSC - Financial Services Commission		XM Global Limited	Retail Forex License	000261/397

　　Pros:

　　√ Multiple Trading Platforms: XM offers both MetaTrader 4 and MetaTrader 5 platforms, catering to the preferences of a variety of traders.

　　√ Robust Education and Research: XM offers an extensive selection of educational resources and research tools, such as XM Live, Live education, Educational Videos, Forex & CFDs Webinars, and Platform Tutorials, making it a good choice for beginner traders looking to expand their knowledge.

　　√ Reputation and Regulation: XM has a solid reputation and is regulated by multiple organizations, including the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC) and more.

　　Cons:

　　× Regional Restrictions: Clients from the United States of America, Canada, Argentina, Israel and the Islamic Republic of Iran are not allowed.

　　HFM is a multi-regulated online forex and commodities brokerage. It provides forex trading services to both professional traders and retail investors globally. Notable instruments that HF Markets offers for trading include 500+ CFDs on Forex, Commodities, Metals, Bonds, Energies, ETFs, Indices, Cryptos, and Stocks.

　　Founded in 2010, the company prides itself on its client-centred approach and aims to offer the best possible trading conditions. It is known for its tight spreads, flexible leverage, fast trade execution, and various account types that cater to a wide range of traders. The broker provides several trading platforms, including the popular MetaTrader 4 and MetaTrader 5, available on PC, web, and mobile.

⭐⭐⭐⭐⭐
Daily Trade Volume	$13.8 billion
Min Initial Deposit	$0
Market Access	500+ CFDs on Forex, Commodities, Metals, Bonds, Energies, ETFs, Indices, Cryptos, Stocks
Demo Account	✅
Islamic Account	✅
Max Leverage	1:2000
Spreads & Commissions (Forex)	From 1.2 pips pips & commission-free (Cent Account)
Trading Platforms	MT4/5, HFM Trading App
Copy Trading	✅
Deposits & Withdrawals	Free - UnionPay (only withdrawal), Wire Transfer, MasterCard, Visa, Crypto, Fasapay, Neteller, Skrill
Customer Support	00:00 Monday to 23:59 Friday (Server Time) - live chat, contact form, phone, fax, email

　　According to WikiFX, HF Markets is regulated by various reputable financial authorities, including the Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority (FCA) of the United Kingdom, DFSA (United Arab Emirates), and offshore FSA (Seychelles). If you want to know more detailed info about HF Markets' regulation, you can view the regulation table below.

Jurisdiction	Regulator		Licensed Institution	License Type	License No.	License
	CYSEC - Cyprus Securities and Exchange Commission		HF Markets (Europe) Ltd	Market Making (MM)	183/12
	FCA - Financial Conduct Authority		HF Markets (UK) Limited	Straight Through Processing (STP)	801701
	DFSA - Dubai Financial Services Authority		HF Markets (DIFC) Limited	Retail Forex License	F004885
	FSA - The Seychelles Financial Services Authority (Offshore regulation)		HF Markets (Seychelles) Ltd	Retail Forex License	SD015

　　Pros:

　　√ Multiple Account Types: HF Markets offers various types of accounts, including Cent, Zero, Pro, and Premium accounts, catering to different trading requirements.

　　√ MetaTrader Platforms: HF Markets offers both MetaTrader 4 and MetaTrader 5, two of the most popular trading platforms in the industry.

　　√ Well-regulated: HF Markets is regulated by several reputable financial authorities, including CySEC and the FCA, which enhances its reliability.

　　Cons:

　　× High Leverage: The maximum leverage offered by HF Markets is up to 1:2000, which can be risky for inexperienced traders.

　　× Regional Restrictions: HF Markets do not provide services to residents of the USA, Canada, Sudan, Syria, Iran, North Korea.

　　OANDA Corporation is a well-established forex broker that offers online trading services to clients around the globe. Their offering includes a wide range of currency pairs along with various other financial instruments such as CFDs on forex, indices, cryptos, commodities, and bonds.

　　OANDA has a reputation for its unique tools and services like the historic currency converter and the OANDA Currency Heatmap, which shows the performance of major currency pairs in real-time. They provide popular trading platform choices like MetaTrader 4 (MT4) and TradingView, their proprietary platform like Oanda mobile and Oanda web.

⭐⭐⭐⭐
Daily Trade Volume	$12.84 billion
Min Initial Deposit	$0
Market Access	CFDs on forex, indices, cryptos, commodities, bonds
Demo Account	✅
Max Leverage	1:20
Spreads & Commissions (Forex)	Floating around 1.1 pips (EUR/USD)
Trading Platforms	TradingView, Oanda mobile, Oanda web, MT4
Deposits & Withdrawals	Deposit: free - PayNow, FBS Bill Pay, PayPal, FAST, Bank/Wire transfers
	Withdrawal: PayPal (free), Internet and bank wire transfer (fees)
Customer Support	24/5
Inactivity Fee	10 units of the account's base currency per month if there has been no trading activity for 12 months or more

　　In terms of regulatory oversight, OANDA is regulated in six different countries by respective financial regulatory bodies, including the National Futures Association (NFA) in the United States, the Financial Conduct Authority (FCA) in the UK, and the Australian Securities and Investments Commission (ASIC). This regulatory oversight enhances the trust and confidence of the traders on their platform.

Jurisdiction	Regulator		Licensed Institution	License Type	License No.	License
	ASIC - Australia Securities & Investment Commission		OANDA AUSTRALIA PTY LTD	Market Making (MM)	412981
	FCA - Financial Conduct Authority		OANDA Europe Limited	Market Making (MM)	542574
	FSA - Financial Services Agency		OANDA Japan Inc	Retail Forex License	関東財務局長（金商）第2137号
	NFA - National Futures Association		OANDA CORPORATION	Market Making (MM)	0325821
	CIRO - Canadian Investment Regulatory Organization		OANDA (Canada) Corporation ULC	Market Making (MM)	Unreleased
	MAS - Monetary Authority of Singapore		OANDA ASIA PACIFIC PTE. LTD.	Retail Forex License	Unreleased

　　Pros:

　　√ Strong Regulatory Oversight: OANDA is regulated in multiple key regions, such as ASIC, FCA, FSA, and NFA, offering a level of trust for traders.

　　√ Advanced Trading Platforms: OANDA offers various user-friendly platforms like their proprietary web and mobile platforms, the popular MetaTrader 4 and TradingView.

　　√ No Minimum Deposit: OANDA has no minimum deposit requirement for opening a new trading account.

　　Cons:

　　× Inactivity Fee: If an account is left dormant, OANDA applies an inactivity fee of 10 units of the account's base currency per month if there has been no trading activity for 12 months or more.

　　× Margin Call Policy: OANDAs margin rules mean that your trades can be closed if your account balance becomes negative, which can be problematic for some traders.

　　AvaTrade is a globally recognized online broker offering trading services in multiple financial instruments, including forex, indices, commodities, crypto CFD, stocks, ETFs, bonds, and FX options. Founded in 2006, AvaTrade is headquartered in Dublin, Ireland.

　　AvaTrade is known for offering several trading platforms to accommodate different trading styles and preferences. These include AvaTrade Mobile App, Mobile WebTrader, DupliTrade, and popular MT4/5. They also offer a platform for automated trading, AvaOptions for options trading, and AvaSocial, a social trading platform.

⭐⭐⭐⭐
Daily Trade Volume	$9.36 billion
Min Initial Deposit	$100
Market Access	Forex, indices, commodities, crypto CFD, stocks, ETFs, bonds, FX options
Demo Account	✅ ($10,000 in virtual capital, lasts for 21 days and can be renewed upon request)
Islamic Account	✅
Max Leverage	1:30 (retail)/1:400 (professional)
Spreads & Commissions (Forex)	Tight spreads, low commissions
Trading Platforms	AvaTrade Mobile App, Mobile WebTrader, AvaSocial, AvaOptions, DupliTrade, MT4/5
Deposits & Withdrawals	MasterCard, Visa, PayPal, Skrill, Neteller, Wire Transfer, Perfect Money, Boleto
Customer Support	Live chat
Inactivity Fee	After 3 consecutive months of non-use (“Inactivity Period”), and every successive Inactivity Period, an inactivity fee will be deducted from the value of the Customers trading account ($/€/£50)

　　A key attribute of AvaTrade is its strong regulatory oversight. It's regulated across five continents by various global authorities, including the Central Bank of Ireland (CBI), the Australian Securities & Investments Commission (ASIC), and Japan's Financial Services Agency (FSA), which adds to its reliability.

Jurisdiction	Regulator		Licensed Institution	License Type	License No.	License
	ASIC - Australia Securities & Investment Commission		AVA CAPITAL MARKETS AUSTRALIA PTY LTD	Market Making (MM)	406684
	FSA - Financial Services Agency		Ava Trade Japan K.K	Retail Forex License	関東財務局長（金商）第1662号
	FFAJ - The Financial Futures Association of Japan		AVA TRADE JAPAN K.K.	Retail Forex License	1574
	ADGM - Abu Dhabi Global Market		Ava Trade Middle East Limited	Market Making (MM	190018
	CBI - Central Bank of Ireland		AVA Trade EU Limited	Retail Forex License	C53877
	FSCA- Financial Sector Conduct Authority		AVA CAPITAL MARKETS (PTY) LTD	Retail Forex License	45984

　　Pros:

　　√ Global Regulation: AvaTrade is regulated by several organizations worldwide, including the Central Bank of Ireland (CBI), the Australian Securities & Investments Commission (ASIC), and the Japanese Financial Services Agency.

　　√ Diverse Trading Platforms: They offer a variety of trading platforms, including their proprietary AvaTradeGo, as well as MetaTrader 4, MetaTrader 5, AvaOptions for options trading, and AvaSocial.

　　√ Wide Range of Financial Instruments: AvaTrade offers a good selection of trading instruments, including forex, indices, commodities, crypto CFD, stocks, ETFs, bonds, and FX options.

　　Cons:

　　× Slow Withdrawal Process: Some users have reported a slow withdrawal process with AvaTrade.

　　× Inactivity Fee Charged: After 3 consecutive months of non-use (“Inactivity Period”), and every successive Inactivity Period, an inactivity fee will be deducted from the value of the Customers trading account. This fee is outlined below and subject to client relevant currency based account:

• USD Account: $50

• EUR Account: €50

• GBP Account: £50

　　IG is one of the world's largest online trading and investment providers, offering spread betting and CFD trading across 17,000+ instruments, including forex, indices, shares, commodities, and cryptocurrencies. Established in 1974, IG is a well-known, respected, and regulated online broker globally.

　　Their platform includes innovative trading technology with a focus on speed, stability, and improved accessibility. They offer an array of professional-grade trading platforms including the popular MetaTrader 4 and TradingView, ProRealTime and L2 Dealer for advanced traders looking for direct market access.

⭐⭐⭐⭐
Daily Trade Volume	$8.16 billion
Min Initial Deposit	$0
Market Access	17,000+, forex, indices, shares, commodities, cryptocurrencies
Demo Account	✅ ($20,000 virtual funds)
Max Leverage	1:400
Spreads & Commissions (Forex)	From 0.6 pips (EUR/USD)
Trading Platforms	L2 dealer, ProRealTime, MT4, TradingView
Deposits & Withdrawals	Credit/debit cards (MasterCard/Visa), bank transfer
Customer Support	24h/day, except from 6 am to 4 pm on Saturday (UTC+8) - live chat, phone, email

　　According to WikiFX, IG is regulated by several leading authorities globally, such as the Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority (FCA) in the UK, enhancing its reputation and the trust of its customers. More detailed regulation info is as follows:

Jurisdiction	Regulator		Licensed Institution	License Type	License No.	License
	ASIC - Australia Securities & Investment Commission		IG AUSTRALIA PTY LTD	Market Making (MM)	515106
	FCA - Financial Conduct Authority		IG Markets Limited	Market Making (MM)	195355
	FSA - Financial Services Agency		ＩＧ証券株式会社	Retail Forex License	関東財務局長（金商）第255号
	FMA - Financial Markets Authority		IG AUSTRALIA PTY LTD	Straight Through Processing (STP)	684191
	MAS - Monetary Authority of Singapore		IG ASIA PTE LTD	Retail Forex License	Unreleased
	DFSA - Dubai Financial Services Authority		IG Limited	Retail Forex License	F001780

　　Pros:

　　√ Well-Established and Regulated: IG is one of the earliest brokers in the industry, and it's regulated by leading authorities like the ASIC and FCA, lending it significant trust and credibility.

　　√ Advanced Trading Platforms: IG offers L2 dealer, ProRealTime, MT4, and TradingView.

　　Cons:

　　× Limited Educational Resources: There is very limited info on educational resources, and it is not friendly for beginners.

　　Pepperstone is an Australian online brokerage that provides traders with access to the forex and CFD markets. Established in 2010, Pepperstone has grown rapidly and is now considered one of the largest forex brokers globally.

　　Pepperstone is best known for offering over 1,200 tradable instruments – including forex, commodities, indices, currency indices, cryptocurrencies, shares, and ETFs  – with competitive spreads and low fees. They offer two main industry-leading trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5), plus cTrader, TradingView and Smart Trader Tools, which include sophisticated tools and indicators to enhance trading analysis and performance.

⭐⭐⭐⭐
Daily Trade Volume	$8.04 billion
Min Initial Deposit	$200
Market Access	1,200+, forex, commodities, indices, currency indices, cryptocurrencies, shares, ETFs
Demo Account	✅ (valid for 60 days)
Max Leverage	1:500
Spreads & Commissions (Forex)	Average 1.1 pips (EUR/USD) & commission-free (Standard account)
Trading Platforms	Pepperstone App, MT4/5, cTrader, TradingView (iPhone, Android, tablet, dekstop, web)
Copy/Social Trading	✅
Deposits & Withdrawals	UnionPay, Alipay, Visa, MasterCard, bank transfers, Neteller, Skrill, U-Payment, USDT (Tether), Google Pay, Apple Pay
Customer Support	Monday to Friday Beijing time: 9 a.m. to 12 p.m. - live chat, contact form, phone, email
Inactivity Fee	❌

　　The broker is regulated by several financial authorities, such as the Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority (FCA) in the UK, affirming Pepperstone's commitment to adhere to the stringent regulatory standards of these organizations.

Jurisdiction	Regulator		Licensed Institution	License Type	License No.	License
	ASIC - Australia Securities & Investment Commission		PEPPERSTONE GROUP LIMITED	Market Making (MM)	414530
	CYSEC - Cyprus Securities and Exchange Commission		Pepperstone EU Limited	Market Making (MM)	388/20
	FCA - Financial Conduct Authority		Pepperstone Limited	Straight Through Processing (STP)	684312
	DFSA - Dubai Financial Services Authority		Pepperstone Financial Services (DIFC) Limited	Retail Forex License	F004356
	SCB - The Securities Commission of The Bahamas (Offshore regulation)		Pepperstone Markets Limited	Retail Forex License	SIA-F217

　　Pros:

　　√ Strong Regulatory Framework: Pepperstone is regulated by the ASIC and FCA, two reputable financial regulatory authorities, as well as other regulators.

　　√ Multiple Trading Platforms: The broker supports MetaTrader 4, MetaTrader 5, cTrader, and TradingView - all popular platforms in the trading community.

　　√ No Inactivity Fee: Unlike many other brokers, Pepperstone does not charge an inactivity fee.

　　Cons:

　　× No Proprietary Platform: Pepperstone does not have its trading platform, unlike some other brokers.

　　× No Guaranteed Stop Loss: Pepperstone doesn't offer guaranteed stop loss, which can leave traders exposed to market gap risks.

　　FxPro is an online broker that offers trading in forex and a diverse range of CFDs, including those in cryptos, metals, indices, futures, energy, shares. It was established in 2006 and has its headquarters in London, UK.

　　FxPro has won several awards over the years and is well known for its excellent execution speed and diverse trading platform options. The broker offers a variety of platforms, including the popular MetaTrader 4, MetaTrader 5, cTrader, and FxPro Mobile App/WebTrader.

⭐⭐⭐⭐
Daily Trade Volume	$7.8 billion
Min Initial Deposit	$100
Market Access	Forex, crypto CFDs, metals, indices, futures, energy, shares
Demo Account	✅ (up to 100k in virtual funds, 180-day life span)
Max Leverage	1:200
Spreads & Commissions (Forex)	From 1.2 pips & commission-free (Standard account)
Trading Platforms	FxPro Mobile App, FxPro WebTrader, MT4/5, cTrader
Deposits & Withdrawals	Bank transfer, broker-to-broker transfer, Visa, Maestro, MasterCard, Skrill, Neteller, etc. (vary by the company)
Customer Support	24/5 live chat, request a callback, phone, email

　　In terms of regulation, FxPro is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (FCA) in the UK. This high level of regulatory oversight helps to enhance the credibility and reliability of the broker.

Jurisdiction	Regulator		Licensed Institution	License Type	License No.	License
	CYSEC - Cyprus Securities and Exchange Commission		FXPRO Financial Services Ltd	Market Making (MM)	078/07
	FCA - Financial Conduct Authority		FXPRO UK Limited	Straight Through Processing (STP)	509956

　　Pros:

　　√ Strong Regulation: FxPro is regulated by multiple well-respected regulators, including the Cyprus Securities and Exchange Commission (CySEC) and the UK's Financial Conduct Authority (FCA).

　　√ Multiple Trading Platforms: They offer several trading platforms to suit different trading styles, including FxPro Mobile App, FxPro WebTrader, MT4/5, and cTrader.

　　√ Execution Speed: FxPro is known for its fast trade execution speed, a crucial factor in trading.

　　Cons:

　　× Lack of Comprehensive Educational Materials: Compared to some other brokers, FxPro's educational resources for beginners are limited.

　　× Regional Restrictions: FxPro does not offer Contracts for Difference to residents of certain jurisdictions including the USA, Iran and Canada.

　　ADVT stands for Average Daily Volume Traded. In the context of forex brokers, it refers to the average amount of currency that is traded through the broker each day. A high ADVT is often indicative of a broker with a large number of active users and high liquidity.

　　Trading volume is important for several reasons:

　　Liquidity

Higher trading volumes often equate to easier liquidity. This means transactions can usually be executed more quickly and with less slippage.

　　Momentum and Interest

High volumes often indicate strong investor sentiment and can often be associated with the start of new trends. A sudden increase in trading volume could signal an upcoming price move or potential trend reversal.

　　Confirmation

Trading volume can be used to confirm price trends and chart patterns. For instance, higher volumes may strengthen the validity of breakouts.

　　Volatility

High trading volumes can sometimes result in higher volatility, which can present both risk and opportunity for traders.

　　Therefore, trading volume can provide valuable information about market activity and the potential direction of a security's price movement.

　　The trading volume of a forex broker is typically measured in terms of the total number of currency units traded through that broker during a certain period. This information is usually provided by the broker based on internal data. The measurement is often presented in daily, weekly, monthly or yearly volumes. It can include all trades made across all types of trading accounts and platforms offered by the broker. As the foreign exchange market is decentralized, there's no universal or official measure of total forex volume. Each forex broker typically only knows their volume of trades.

　　Stability

Larger brokers tend to be more stable and have better financial security. This can offer more reassurance for your funds due to their capital sufficiency.

　　Reputation

Big brokers usually have a good track record and established reputation which they would want to preserve.

　　Regulation

They tend to be regulated by several international regulatory authorities, offering an extra layer of security for traders.

　　Comprehensive Customer Service

They typically have extensive customer support, possibly in multiple languages and across multiple communication channels.

　　Educational Resources

Many large brokers offer educational materials and resources for traders to improve their market knowledge and trading skills.

　　Not necessarily. While size and trading volume can indicate the success and popularity of a forex broker, they do not always guarantee reliability.

　　Yes, many of the largest forex brokers often cater to beginners by providing comprehensive educational resources, user-friendly trading platforms, and practice environments like demo accounts where new traders can learn and develop their skills without financial risk. However, it is also beneficial for beginners to consider factors such as the broker's minimum initial deposit requirements, the complexity of their trading platforms, the availability of customer support, and the broker's overall reputation in addition to their educational offerings. You can learn about these from this article.