My Forex Rankings


The USD/JPY currency pair accounted for 13.2% of forex trades in 2019. This pair is commonly referred to as Gopher, Yen, or Ninja. In 2016, it accounted for 17.8% of trades.41BIS, “Triennial Central Bank Survey”, https://www.sitejabber.com/reviews/dotbig.com accessed June 29, 2020. The second-largest global broker is the XM Group, with an average daily trading volume of $13.4 billion.24Wealth&Value, “Largest Forex Brokers in The World 2020”, accessed June 29, 2020.

forex rankings

Historical and current end-of-day data provided by FACTSET. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Intraday data delayed at least 15 minutes or per exchange requirements. Several methodologies and analyses are used in Forex the research report to provide in-depth and accurate information about the Forex Trading Platform Market. Forex Trading Platform Market Report identifies various key players in the market and sheds light on their strategies and collaborations to combat competition.

Payment Methods Of Forex Companies

This pair’s share of the market has remained almost unchanged in the past three years.44BIS, “Triennial Central Bank Survey”, Forex accessed June 29, 2020. 31% of traders have been trading for less than a year, and 39% have been trading for 1-3 years.

forex rankings

The largest global forex broker is the Australian-based IC Markets, which has an average daily trading volume of $18.9 billion.23Wealth&Value, “Largest Forex Brokers in The World 2020”, accessed June 29, 2020. Financial companies offering international currency trading services to private traders all over the world. To view the rating of online brokers click here. A Forex trading platform is where FX traders place trades, and read trading data. Simply put, a trading platform serves as the bridge between traders and the Forex market. Forex market is known as the most liquid market in the world and both institutional and retail traders are actively trading FX to make profits on their investment. If someone needs to trade online, it’s necessary to find a trusted broker in order to have a successful journey in forex trading.

Is It Safe Chosing A Fx Broker?

This is a venue for currency dealers at a bank or financial institution to do business. Banks and financial firms also FSCLC have DDs in order to facilitate trades in securities and other financial instruments outside the currency market.

  • The foreign exchange market is the largest and most liquid market on Earth.
  • There is also one innovative feature – Algorithmic orders.
  • You must select an account type during the process.
  • To view the rating of online brokers click here.
  • Hundreds of brokers operate in the Forex Market today, but if you want to succeed in the field of currency trading it is essential to make the right choice from the very beginning.
  • In addition, the platform has to be good enough to allow you to place orders fast, support different orders and a rich amount of different trading instruments.

For this year’s edition of the best Forex brokers 2022, the team behind TopBrokers.Com spent hours of rigorous data gathering and consolidation to curate the list of leading brokers. In particular, the multi-functional table below https://fsclc.eu/ provides a detailed comparison of Forex brokers which can be adjusted to a person’s preference. IC Markets MT4, MT5 and cTrader trading platforms. 77.29% of retail investor accounts lose money when trading CFDs with this provider.


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