Top forex brokers in the world

What each broker says about its own size

Ordered by Google Play installs, the only size signal published on identical terms for every broker here. It measures downloads rather than money, clients or volume — which is precisely the point of this page.

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Install counts were read from Google Play on 24 August 2026; the claims are quoted from each broker's own pages. Note what the third column is: four different quantities — traders, clients, users and an adjective — which is why they are printed as claims rather than merged into a ranking.

Why there is no world ranking by volume

Retail brokers do not publish turnover on comparable terms, and nobody compels them to. A listed broker discloses revenue and client numbers to its shareholders; a privately held one discloses whatever it likes; an offshore entity discloses nothing. There is no register of retail forex volume, no regulator collects it in a comparable way, and the figures that circulate in “top 10 in the world” articles are assembled from marketing pages.

What the brokers themselves say demonstrates the problem. FxPro's site title reads “The World's #1 Forex Broker”. LiteFinance publishes 3.73 million traders; Alpari, one million clients; Tickmill and RoboForex, “millions of traders” with no number at all. These are four different quantities — traders ever registered, clients, users, and an adjective — and none of them can be added, divided or ranked against the others.

So the honest answer to “who is the biggest forex broker in the world” is that the question has no published answer, and any page that gives you a confident numbered list is ranking by something other than size.

The one figure that is comparable, and what it is worth

Google Play publishes install counts on identical terms for every app, so it is the only size signal in this table that means the same thing for each broker. On it, Libertex, FxPro and Bybit have passed 10 million installs; RoboForex and ForTrade one million; Deriv, Alpari and LiteFinance half a million; Tickmill's app is new, at ten thousand.

It measures downloads. An install is not a funded account, a download in 2019 counts the same as one this month, and a broker whose clients trade on MetaTrader rather than its own app barely appears — MetaTrader 5 itself has fifty million installs, and every broker on this list rides on some of them.

Used carefully, it still tells you something real: how much of a consumer business each broker runs, and whether the brand you are looking at is a large operation or a small one. Used carelessly, it is exactly the kind of number that produces a fake world ranking.

The scale that puts all of this in proportion

The only authoritative measurement of the foreign exchange market comes from the Bank for International Settlements, whose triennial survey collects data from central banks in 52 jurisdictions and more than 1,100 banks and dealers. In April 2025 it found global OTC foreign exchange turnover at $9.6 trillion per day, up 28% from $7.5 trillion three years earlier.

Retail brokerage is a small edge of that. The dealers in the BIS survey are banks; the brokers on this page intermediate retail positions that mostly never leave the broker's own book. A broker being “the biggest retail forex broker in the world” would still be a rounding error in the $9.6 trillion figure — which is worth knowing before treating global size as a proxy for quality.

What to compare instead of size

Which entity takes your account, because that decides your protection: £85,000 under the UK scheme, at most €20,000 in Cyprus, nothing offshore. A large broker with an offshore entity for your country protects you less than a smaller one with a European licence.

What a trade costs, in one number. Spread plus commission on a standard lot ranges from about 0.2 pips at RoboForex's Prime account to 1.8 points on LiteFinance's Classic account among the brokers here — a difference that compounds with every trade, unlike size, which does nothing for you at all.

And whether the broker publishes anything checkable. Through this whole comparison, the brokers that publish specific figures — licence numbers, commission per lot, drawdown limits — are consistently easier to verify than those that publish adjectives. That correlation is not a ranking either, but it is more useful than one.

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