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The 20 largest Forex brokers in the World

Apr 10, 2023 By Brokersview

I will provide an overview of the 20 largest forex brokers and some key information for each. You can use this information as a starting point for further research and expansion.


  Annual turnover: $1.31 billion (2020)

  Specializes in CFD trading, spread betting, and forex trading

  Regulated by FCA, ASIC, MAS, and other regulators

  Over 2,000 employees

  Offices in the UK, Australia, Singapore, and other countries

  User base: 239,000+ active clients worldwide

  Testimonial: "IG's platform is user-friendly and offers a great range of instruments to trade."

  Founder: Stuart Wheeler

  Annual turnover: €750 million (2020)

  Specializes in online trading and investment services

  Regulated by Danish FSA, FCA, and other regulators

  Over 2,100 employees

  Offices in Denmark, the UK, Switzerland, and other countries

  User base: 620,000+ clients worldwide

  Testimonial: "Saxo Bank provides a seamless trading experience with a wide range of assets."

  Founders: Lars Seier Christensen and Kim Fournais

  Annual turnover: $2.58 billion (2020)

  Specializes in stocks, options, futures, forex, and more

  Regulated by SEC, FINRA, and other regulators

  Over 2,000 employees

  Offices in the US, Switzerland, the UK, and other countries

  User base: 1.33 million+ clients worldwide

  Testimonial: "Interactive Brokers' low fees and advanced trading tools make it a top choice for experienced traders."

  Founder: Thomas Peterffy

  Annual turnover: Not publicly available

  Specializes in forex and CFD trading

  Regulated by CFTC, NFA, FCA, and other regulators

  Over 700 employees

  Offices in the US, UK, Canada, and other countries

  User base: Not publicly available

  Testimonial: "OANDA's platform is easy to use and offers reliable execution with low spreads."

  Founders: Michael Stumm and Richard Olsen

  Annual turnover: $290.2 million (2020)

  Specializes in forex and CFD trading

  Regulated by CFTC, NFA, FCA, and other regulators

  Over 800 employees

  Offices in the US, UK, Australia, and other countries

  User base: 150,000+ clients worldwide

  Testimonial: "Forex.com has a user-friendly platform, excellent customer support, and competitive pricing."

  Founder: Glenn Stevens

  Annual turnover: £409.8 million (2021)

  Specializes in spread betting, CFD trading, and forex trading

  Regulated by FCA, ASIC, MAS, and other regulators

  Over 900 employees

  Offices in the UK, Australia, Singapore, and other countries

  User base: 59,000+ active clients worldwide

  Testimonial: "CMC Markets offers a diverse range of products and excellent trading tools."

  Founder: Peter Cruddas

  Annual turnover: Not publicly available

  Specializes in social trading and multi-asset investment

  Regulated by CySEC, FCA, and ASIC

  Over 1,500+ employees

  Offices in Cyprus, the UK, Australia, and other countries

  User base: 20 million+ registered users worldwide

  Testimonial: "eToro's social trading feature and user-friendly interface make it an excellent choice for beginners."

  Founders: Yoni Assia, Ronen Assia, and David Ring

  Annual turnover: Not publicly available

  Specializes in forex, CFDs, commodities, and cryptocurrencies trading

  Regulated by CySEC, ASIC, IFSC, and DFSA

  Over 300 employees

  Offices in Cyprus, Australia, Belize, and UAE

  User base: 3.5 million+ clients from 196 countries

  Testimonial: "XM's customer support and educational resources make it a great broker for new traders."

  Founders: Constantinos Cleanthous, Ilias Mavrommatis, and Ioannis Nikolaou

  Annual turnover: Not publicly available

  Specializes in forex, CFDs, and commodities trading

  Regulated by FCA, ASIC, and DFSA

  Over 200 employees

  Offices in Australia, UK, and UAE

  User base: Not publicly available

  Testimonial: "Pepperstone's low spreads and fast execution make it a great choice for scalpers."

  Founders: Owen Kerr and Joe Davenport

  Annual turnover: $270.4 million (2020)

  Specializes in forex, CFDs, and spread betting

  Regulated by FCA, ASIC, FSCA, and other regulators

  Over 500 employees

  Offices in the UK, Australia, South Africa, and other countries

  User base: Not publicly available

  Testimonial: "FXCM offers a solid trading experience with a good selection of trading platforms and tools."

  Founders: Drew Niv and William Ahdout

  Annual turnover: Not publicly available

  Specializes in forex, CFDs, and cryptocurrencies trading

  Regulated by CySEC, FCA, FSCA, and other regulators

  Over 300 employees

  Offices in Cyprus, the UK, South Africa, and other countries

  User base: 2 million+ clients worldwide

  Testimonial: "FXTM has a wide range of account types and excellent educational resources for traders."

  Founder: Andrey Dashin

  Annual turnover: $997 million (2020)

  Specializes in CFD trading across various assets

  Regulated by FCA, CySEC, ASIC, and other regulators

  Over 500 employees

  Offices in Israel, the UK, Australia, and other countries

  User base: 430,000+ active customers

  Testimonial: "Plus500's easy-to-use platform and competitive spreads make it a good option for CFD traders."

  Founders: Alon Gonen, Gal Haber, Elad Ben-Izhak, Omer Elazari, and Shlomi Weizmann

  Annual turnover: Not publicly available

  Specializes in forex, CFDs, and stocks trading

  Regulated by FCA, ASIC, CySEC, and other regulators

  Over 200 employees

  Offices in Estonia, the UK, Australia, and other countries

  User base: Not publicly available

  Testimonial: "Admiral Markets offers excellent trading conditions, advanced tools, and a wide range of products."

  Founder: Alexander Tsikhilov

  Annual turnover: Not publicly available (part of GAIN Capital)

  Specializes in spread betting, CFD trading, and forex trading

  Regulated by FCA, ASIC, and MAS

  Over 200 employees

  Offices in the UK, Australia, and Singapore

  User base: Not publicly available

  Testimonial: "City Index has a user-friendly platform, competitive pricing, and a wide range of assets."

  Founder: Jonathan Sparke

  Annual turnover: Not publicly available

  Specializes in forex, CFDs, and commodities trading

  Regulated by ASIC, FCA, and DFSA

  Over 100 employees

  Offices in Australia, UK, and UAE

  User base: Not publicly available

  Testimonial: "Axis offers low spreads, fast execution, and excellent customer support for forex traders."

  Founders: Goran Drapac, Quinn Perrott, and Rajesh Yohannan

  Annual turnover: CHF 317.3 million (2020)

  Specializes in forex, CFDs, and stocks trading

  Regulated by FINMA, FCA, DFSA, and other regulators

  Over 700 employees

  Offices in Switzerland, the UK, UAE, and other countries

  User base: 400,000+ clients worldwide

  Testimonial: "Swissquote's advanced trading platforms and banking services make it a one-stop-shop for traders."

  Founders: Marc Bürki and Paolo Buzzi

  Annual turnover: Not publicly available

  Specializes in forex, CFDs, and commodities trading

  Regulated by ASIC, CIMA, and FSCA

  Over 100 employees

  Offices in Australia, the Cayman Islands, and South Africa

  User base: Not publicly available

  Testimonial: "Vantage FX offers competitive spreads, fast execution, and excellent customer support."

  Founders: David Bily and Louis Cooper

  Annual turnover: $84.4 million (2020)

  Specializes in forex, CFDs, and commodities trading

  Regulated by FCA, CySEC, FSA, and other regulators

  Over 200 employees

  Offices in the UK, Cyprus, Seychelles, and other countries

  User base: Not publicly available

  Testimonial: "Tickmill's low spreads and fast execution make it an excellent choice for forex traders."

  Founders: Illimar Mattus, Ingmar Mattus, and Sudhanshu Agarwal

  Annual turnover: Not publicly available

  Specializes in forex and CFD trading

  Regulated by CySEC

  Over 100 employees

  Offices in Cyprus

  User base: 6 million+ clients worldwide

  Testimonial: "OctaFX offers competitive spreads, low commissions, and reliable trading platforms."

  Founders: Mykola Vitchenko, Gleb Kabanovs, and Roman Chernih

  Annual turnover: Not publicly available

  Specializes in forex, CFDs, and commodities trading

  Regulated by ASIC, CySEC, and FSA

  Over 100 employees

  Offices in Australia, Cyprus, and Seychelles

  User base: Not publicly available

  Testimonial: "IC Markets provides low spreads, fast execution, and a wide range of trading instruments."

  Founder: Andrew Budzinski

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