dragontrader
Member
Here are the top 5 biggest forex brokers in the world, ranked by their estimated average daily trading volume.
| Rank | Broker | Average Daily Volume (Billion USD) |
| 1. | Exness | ~$200 - $240+ |
| 2. | IC Markets | ~$70 - $80 |
| 3. | IG Group | ~$30 - $35 |
| 4. | FOREX.com (StoneX) | ~$18 - $22 |
| 5. | Pepperstone | ~$15 - $18 |
Methodology and Key Insights
1. Exness:Exness has established itself as the undisputed leader in trading volume, consistently reporting staggering monthly figures that often exceed $4.5 - $5 trillion. This dominance is fueled by its immense popularity in Asian and emerging markets, offering attractive trading conditions like high leverage, instant withdrawals, and low spreads. When broken down to a daily average over approximately 21.5 trading days, its volume is in a class of its own.
2. IC Markets:
As one of the world's largest True ECN brokers, IC Markets is a favorite among algorithmic traders, scalpers, and high-volume professionals. Its infrastructure is built for speed and high frequency, leading to consistent monthly volumes well over $1.5 trillion. The broker's appeal lies in its raw spread accounts and deep liquidity, which translates to a robust average daily volume.
3. IG Group:
This publicly traded (LSE: IGG) giant is a leader in overall revenue and has a massive global footprint, especially in tier-1 regulatory jurisdictions like the UK, Europe, and Australia. While it reports financials quarterly rather than monthly volumes, analysis of its net trading revenue and client activity points to a total notional trading volume that averages out to over $30 billion per day across its vast offerings.
4. FOREX.com (StoneX):
Owned by the Fortune 100 company StoneX Group (NASDAQ: SNEX), FOREX.com is a powerhouse, particularly in the U.S. market. StoneX financial reports often provide direct insight into their retail segment's average daily volume, which consistently hovers around the $20 billion mark, reflecting its strong institutional backing and trusted brand name.
5. Pepperstone:
Pepperstone has grown into a major global broker, renowned for its fast execution and excellent trading environment for both retail and professional clients. The company has stated its monthly trading volumes average around $350 billion, which places its daily average comfortably within the top tier of global brokers.
Disclaimer: These figures are estimates based on publicly available reports, financial statements, and credible industry analysis as of 2024 and H1 2025. Trading volumes can fluctuate significantly based on market volatility. Figures for privately held companies are often based on company statements or industry estimates, while public companies' data is derived from official financial reports.
