How many forex brokers are there in the world? Full list

logomark Anthony Gallagher calendar Last Updated: December 2021 timer 3 min read
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Whether you are searching for a new forex broker, or simply curious to know more about this fast-growing industry, you will no doubt wonder just how many forex brokers in the world you can choose from.

One of the most effective starting points, if you are on a broker search, is to check out our best forex brokers in the world listing.

Here though, we will take a much closer look at the actual fx brokers, and just how many forex brokers, as well as traders there are. We will also feature a listing of many of the best-regulated and respected choices.

Let’s get started.

Table of contents

How many forex brokers and traders are there in the world?

As of 2021 and the time of writing, there are more than 9 million forex traders worldwide. With forex trading being a growing market, there are also more than 200 forex brokers available around the world. Each of these brokers is slightly different and offers a varying range of features to suit all traders.

Full List of Forex Brokers in the World

As mentioned, there is a huge number of FX brokers worldwide. With hundreds to choose from, we have not listed every single one, but these are the forex brokers we believe you should take a look at below.

WARNING

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs.
You should consider whether you can afford to take the high risk of losing your money

Pos. Forex Broker Founded EU UK USA AU CAN Offshore
1 Pepperstone 2010 Yes Yes No Yes No SCB
2 eToro 2007 Yes Yes Yes Yes No No
3 IG Markets 1995 No No Yes Yes No No
4 XTB 2002 Yes Yes No No No IFSC
5 Interactive Brokers 1997 No No Yes No Yes No
6 Oanda 1996 No No Yes No Yes No
7 HotForex 2010 Yes Yes No No No FSB
8 FxPro 2006 Yes Yes No No No SCB
9 FP Markets 2005 Yes No No Yes No No
10 AvaTrade 2006 Yes No No Yes No BVI
11 Admiral Markets 2001 Yes Yes No Yes No No
12 XM 2009 Yes No No Yes No IFSC
13 Plus500 2008 Yes Yes No Yes No No
14 Forex.com 1999 No Yes Yes Yes Yes No
15 Vantage FX 2009 No No No No No CIMA
16 OctaFX 2011 No No No No No SV
17 IC Markets 2007 No No No Yes No No
18 Moneta Markets 2019 No No No No No CIMA
19 FBS 2009 Yes No No Yes No IFSC
20 FXTM 2011 Yes Yes No No No IFSC
21 ActivTrades 2010 Yes Yes No No No No
22 easyMarkets 2001 Yes No No Yes No No
23 Saxo Bank 1992 Yes Yes No No No No
24 CMC Markets 1989 No Yes No No No No
25 Tickmill 2014 Yes Yes No No No FSA
26 RoboForex 2009 Yes No No No No IFSC
27 Markets.com 2008 Yes Yes No Yes No BVI
28 InstaForex 2007 Yes No No No No BVI
29 HYCM 1977 Yes Yes No No No No
30 FXCM 1999 Yes Yes No Yes No No
31 FXDD 2002 Yes Yes No No No No
32 ADS Securities 2011 No Yes No No No No
33 Swissquote Bank 2000 Yes No No No No No
34 LCG 1996 No Yes No No No No
35 Dukascopy 2000 Yes No No No No No
36 ETX Capital 1965 Yes Yes No No No No
37 Libertex 1997 Yes No No No No No
38 GAIN Capital 1999 No No Yes Yes No No
39 Hantec Markets 1990 No Yes No No No FSA
40 TeleTrade 1994 Yes No No No No No
41 Orbex 2010 Yes No No No No No
42 IronFX 2010 Yes Yes No Yes No No
43 FXCC 2010 Yes No No No No No
44 JustForex 2012 No No No No No IFSC
45 Olymp Trade 2014 No No No No No SV
46 GO Markets 2006 Yes No No Yes No SVG
47 AAAFX 2008 Yes No No No No SVG
48 Eightcap 2009 No No No No No VFSC
49 Exness 2008 Yes Yes No No No No
50 GKFX 2008 Yes No No No No No
51 LiteForex 2005 Yes No No No No SVG
52 AXI 2007 Yes Yes No Yes No SVG
53 Axiory 2011 No No No No No IFSC
54 LegacyFx 2012 Yes Yes No No No VFSC
55 NordFX 2008 No No No No No VFSC
56 FXOpen 2003 No Yes No Yes No No
57 FIBO Group 1998 Yes Yes No No No No
58 Alpari 1998 No No No No No FSC
59 FXFlat 1997 Yes No No No No No
60 Just2Trade 1994 Yes No No No No No
61 iFOREX 1996 Yes No No No No No
62 Windsor Brokers 1988 Yes Yes No No No No
63 BDSwiss 2012 Yes Yes No No No FSC
64 Fusion Markets 2017 No No No Yes No FSC
65 Trading 212 2006 Yes No No No No No
66 FreshForex 2004 Yes No No No No SV
67 Questrade 2004 No No No No Yes No
68 MultiBank 2005 Yes No No Yes No CIMA
69 IFC Markets 2006 Yes No No No No BVI
70 INGOT Brokers 2006 No No No Yes No SV
71 USG 2006 No Yes No Yes No No
72 Forex4you 2007 Yes No No No No BVI
73 UFXMarkets 2007 Yes No No No No No
74 AMarkets 2007 No No No No No SV
75 OBRinvest 2012 Yes No No No No No
76 ForexTB 2015 Yes No No No No No
77 Arum Capital 2016 Yes No No No No No
78 SquaredFinancial 2016 Yes No No No No No
79 ROinvesting 2017 Yes No No No No No

FAQs

How many brokers are there in the world?

There are more than 200 forex brokers around the world. There are many top choices though not every broker is regulated or compliant. For that reason, we have provided a list of compliant, and well-regulated brokers only above.

How many forex traders are there in the world?

There are over 9 million forex traders worldwide. Most of these traders come from Asia, Europe, the US, and Australia as well as some other countries around the world.

How many forex platforms are there?

There are dozens of forex trading platforms to choose from. Some are proprietary to a broker while others are third-party trading platforms. The most common and recognizable ones are MT4, MT5, and cTrader.


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74-89% of retail CFD accounts lose money

About the Author

Anthony Gallagher

Broker Expert

Anthony is a financial journalist and business advisor with several years’ experience writing for some of the most well-known sites in the Forex world.

A trader turned industry writer, he is currently based in Shanghai with a finger on the pulse of Asia’s biggest markets.

He is a keen golfer with a very high handicap so when not helping you find the best broker for your needs, you may find him on the course or just as likely following any number of sports from the comfort of his sofa.


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Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Your capital is at risk. The present page is intended for teaching purposes only. It shall not be intended as operational advice for investments, nor as an invitation to public savings raising. Any real or simulated result shall represent no warranty as to possible future performances. The speculative activity in forex market, as well as in other markets, implies considerable economic risks; anyone who carries out speculative activity does it on its own responsibility.
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