The forex market remains the largest and most liquid financial market in the world, with daily trading volumes exceeding $7.5 trillion as of 2025. Amid rising global interest in retail trading, the landscape of forex brokers has shifted, with some platforms gaining massive traction due to competitive spreads, better technology, and regulatory trust. In this roundup, we explore the top forex brokers by trading volume in 2025, and why they’re dominating the charts.
Most Popular Forex Brokers by Volume – 2025 Stats Roundup
Let’s explore:
Why Trading Volume Matters
Trading volume is a key indicator of a broker’s popularity and trust in the market. High volume generally reflects:
- Deep liquidity for faster order execution
- Tighter spreads
- Wider client base, both retail and institutional
- Reliability and stability
Here’s a look at the biggest players this year, based on industry data and broker disclosures.
Top Forex Brokers by Volume in 2025
1. IG Group
- Monthly Trading Volume: ~$1.1 trillion
- Headquarters: United Kingdom
- Regulation: FCA, ASIC, CFTC, BaFin
- Why It Leads: IG continues to top the list with its robust platform, wide range of instruments, and global reach. Strong regulatory presence in multiple countries boosts trader confidence.
2. Exness
- Monthly Trading Volume: ~$1.05 trillion
- Headquarters: Cyprus
- Regulation: CySEC, FCA, FSCA
- Standout Feature: Exness has exploded in popularity thanks to ultra-low spreads, instant withdrawals, and local payment options in Asia and Africa. The broker hit several volume records in early 2025.
3. IC Markets
- Monthly Trading Volume: ~$930 billion
- Headquarters: Australia
- Regulation: ASIC, CySEC, FSA (Seychelles)
- Why It’s Popular: Known for true ECN execution and minimal slippage, IC Markets is a go-to for algorithmic and high-frequency traders.
4. Forex.com / GAIN Capital
- Monthly Trading Volume: ~$840 billion
- Headquarters: United States
- Regulation: CFTC, NFA, FCA
- U.S. Powerhouse: Backed by StoneX Group, Forex.com remains a leading choice in North America, offering tight spreads and a solid education platform.
5. Saxo Bank
- Monthly Trading Volume: ~$780 billion
- Headquarters: Denmark
- Regulation: FSA (Denmark), FCA, MAS
- Institutional-Grade Tools: Saxo Bank serves both retail and institutional clients with sophisticated platforms and deep liquidity across multiple asset classes.
Other Notable Mentions
- Pepperstone – Strong in Australia and Europe with a clean UI and quick execution.
- Tickmill – Popular for low commission accounts and scalping strategies.
- The Trading Pit – A rising hybrid of brokerage and prop firm, gaining attention in 2025.
- XM – Especially dominant in emerging markets and Southeast Asia.
- Deriv – Growing retail user base in Africa and South Asia with simple onboarding.
What Traders Should Consider Beyond Volume
While high volume can signal reliability, it shouldn’t be the only factor when choosing a broker. Consider:
- Regulatory oversight
- Execution speed and slippage
- Deposit/withdrawal options
- Customer service
- Trading conditions (leverage, spreads, commissions)
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