Many things changed since we originally wrote this article back regulated forex brokers in south africa with deposit bonus 2015, and the ranking of the largest forex brokers is not the same anymore. The most important change that affected trading volumes was the harsher regulatory environment in Europe that forced brokers operating in the EU to greatly reduce the maximum leverage offered to their clients. This resulted in European brokers operating under multiple licenses. However, the result of the tough EU regulation was the emergence of Australian brokers as the global leaders in terms of growth.
Australian regulation is seen as strong and reliable while not being excessively restrictive. Right now, some of the largest and most successful brokers in the world are Australian. IC Markets is the largest forex broker in the world by trading volume according to our research. The reason why IC Markets has been so successful is the fact that it offers true ECN accounts to its clients, which attracted a very high number of high volume traders. Being the broker of choice of professional traders and those using Expert Advisers and autotrading algorithms has seen their volumes surge much faster than those of the competition. A lot has changed in the retail forex market in the last two years. It shook the market and left Alpari UK filing for bankruptcy and FXCM scrambling for a bailout to survive.