Forex trading is a lucrative business that has attracted millions of individuals and institutions globally. The forex market is the largest financial market globally, with an average daily trading volume of over $5 trillion. Due to its popularity, many brokers have emerged to offer forex trading services to traders. However, not all forex brokers are created equal, and some stand out from the rest in terms of market share, reputation, and trading conditions. In this article, we will explore who the biggest forex broker in 2018 is and what factors contributed to their success.
Before we delve into the specifics, it’s essential to understand what makes a forex broker significant. The size of a forex broker is determined by the number of traders it serves, the trading volume they handle, and the assets they manage. The more traders a broker serves, the higher the trading volume, and the more assets they manage, the more significant they are. Besides, the reputation of a broker plays a crucial role in its size, as traders prefer to trade with brokers they trust.
Based on these factors, the biggest forex broker in 2018 was Forex.com. Forex.com is a subsidiary of GAIN Capital Holdings, a company that has been in the forex industry since 1999. Forex.com was established in 2001 and has since grown to become a leader in the forex industry, serving clients from over 200 countries globally. The broker is regulated by the Financial Conduct Authority (FCA) in the UK, the Commodity Futures Trading Commission (CFTC) in the US, and the Australian Securities and Investments Commission (ASIC).
One of the reasons why Forex.com is the biggest forex broker in 2018 is its excellent reputation. The broker has been in the industry for over two decades and has built a reputation for providing competitive trading conditions, reliable trading platforms, and excellent customer support. Forex.com offers traders access to over 80 currency pairs, including majors, minors, and exotic pairs. In addition, the broker offers traders the ability to trade CFDs on metals, energies, and indices.
Another factor that contributed to Forex.com’s success is its trading platforms. The broker offers traders the choice of three platforms, including the popular MetaTrader 4 and 5, as well as its proprietary trading platform, ForexTrader. MetaTrader 4 and 5 are widely used by traders globally and are known for their user-friendly interface and advanced trading tools. ForexTrader, on the other hand, is a web-based platform that is customizable and offers advanced charting tools.
Forex.com’s success can also be attributed to its competitive trading conditions. The broker offers traders competitive spreads, low commissions, and no deposit or withdrawal fees. In addition, the broker offers traders access to educational resources, including webinars, trading guides, and market analysis. These resources help traders make informed trading decisions and improve their trading skills.
In conclusion, Forex.com is the biggest forex broker in 2018, primarily due to its excellent reputation, reliable trading platforms, and competitive trading conditions. The broker has been in the industry for over two decades and has built a reputation for providing reliable forex trading services to traders globally. As the forex market continues to grow, Forex.com is well-positioned to maintain its position as the biggest forex broker globally.
