Brokers with high trading volumes provide high liquidity and charge lower fees. These advantages have a direct impact on trading success of traders. That is why Traders Union experts published the list of the Biggest Forex Brokers in the World. The article discusses the largest brokers in the world by trading volume.
Why is it good for traders to choose big brokers?
Independent financial expert at Traders Union Johnathan Maverick selected 15 biggest Forex brokers in the world. Annual trading volumes of most of them exceed $10 trillion.
Large trading volumes provide the following benefits for traders:
- Better liquidity that provides traders with an opportunity to trade at desired prices easier and faster;
- Fewer slippages, i.e. the difference between the expected price of the trade and the price of its execution;
- Fewer gaps, when the price of a currency pair moves from one level to another without any trading at interim prices.
Brokers with largest trading volumes also charge lower fees, as the companies earn more money from the sheer volume.
Leaders of the Biggest Forex Brokers in the World Rating
The following big companies are featured in the rating of the Best Brokers in 2023 according to Traders Union:
- IC Markets
- Forex.com
- XM
- Saxo Bank
- HF Markets
- Oanda
- AvaTrade
- IG Markets
- Pepperstone
- FxPro
- FXCM.
Every company on the list has earned its popularity by offering beneficial trading conditions. For example, the annual trading volume of AvaTrade is $9.36 trillion. The brokerage company offers tight spreads, minimum deposit of $100 and a wide selection of trading assets.
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