List of the Largest Forex Brokers

The global forex market (Forex) is the most liquid and transparent market in the world. But as long as the ex Forex market is very transparent, most Forex brokers are not transparent. Only a few publish data about themselves. You will only exceptionally find an FX broker that publishes the number of active Forex traders or the number of new customers acquired in the last three months.

One short note: eToro is one of the biggest Forex brokers and nothing bad will happen to you when trading in eToro

So, there is no simple way to determine which FX brokers are large and which are small. But it will be very interesting to know. One could say that the larger the FX broker, the better services it will provide. You can consider each user as a "vote" for that FX broker. The more traders a broker has, it must be that good. We can not say that the biggest Forex broker is automatically the best FX broker. But size is a good indication of the quality of a broker. In addition, Forex brokers with a huge customer base must have been active in the market for quite some time - otherwise they would not have grown so much. Then you can assume that your trading software is stable and advanced (the FX broker has had enough time for the development and improvements of trading software). So also, you can assume that this FX broker will remain active in the market for a long time. So choosing a large Forex broker increases the likelihood of doing business with an established and reputable broker with which you can continue trading FX or CFDs in one or two years.

Measuring the Size of a Forex Broker

How to determine the size of a broker if you do not have public data? Our team of Broker Reviews has done an indirect analysis and tried to measure the relative size of some of the Forex brokers we have reviewed on our website. We have chosen three metrics and determined the rating of brokers for each of these metrics. The sum of grades then resulted in the estimated size of several FX brokers.

Criteria for Determining the Size of an FX Broker

Searches on Google: With the Google Adwords Key Tool, we measure how often we looked for information about each broker on Google. If an FX broker is searched on Google frequently then it must be a big broker. Of course, the results have certain limitations. For example, a broker might also receive frequent searches because your website is often inoperative. And, some FX brokers have a generic brand name, as is the case of "easyMarkets" (easy-forex). It is possible that someone in English search for easy profits with Forex trading, so that in their search string the words "easyMarkets", accounting for unrelated, in the search for the broker mentioned above. In addition, an FX broker could also be small,

Google Results: Here we have measured how many results for the brand name of the FX broker can be found in the Google search engine. We assume that if there are many websites writing about a specific FX broker, then this broker should be great. But of course, you have the same limitations here as with Google searches.

Alexa Rating: Alexa is a web service that adds a toolbar to browsers. With the Alexa toolbar, it measures which sites are visited by the user. The tool is not very accurate, but at least provides an indication of whether a broker is large or small. One limitation is that the rating is measured by domain. When a broker like Forex4you has country-specific domains (forex4you.com for the US and fx4you.de for Germany), the domain .com is visited less regularly and it seems that the broker is smaller than what it would look like if such a broker Will use your international domain for visitors from all countries (forex4you.com/de).

A pesar de toda esta incertidumbre, aun creemos que la combinación de estos tres factores nos permitió esbozar una perspectiva inicial sobre el tamaño relativo de algunos de los brokers revisados aquí. Así, eToro, InstaForex y Ava FX se encuentran entre los brokers FX más grandes del mundo.