Big forex account

To make a million on one trade requires that you place a 1000 lot position. This means for every 100 pips the market moves in your favor you will make £10,000, since we want to make a million we need the market to move 10,000 pips.

Today forex bonuses

Turning A Small Forex Account Into A Big One Part 1eval(ez_write_tag( 300,250, forexmentoronline_com-box-3, ezslot_0,103, 0, 0 )), big forex account.

This gives you more freedom because the individual risk on each one of these 1 lot trades is still really small yet your making equivalent profits to that of a single 10 lot trade!

Turning A small forex account into A big one part 1

This is going to be the first of two articles where I outline some profit building techniques for you to be able to use to increase the size of your trading account quickly and safely.

Turning a small account into a big one is the dream of many forex traders, unfortunately for most traders this is what it will remain as….

Most of the trading advice found online and in books advocates certain principles for trading which sound like good advice on the surface, but in reality when applied to your personal situation is actually very silly.

How to make A million from forex

Let me give you an idea of how far that is.

This entire down trend on EUR/USD is only 3500 pips.

If you had placed a 1000 lot position on the high right at the beginning of this down trend and then proceeded to exit at the low (which would have been impossible) you would have made £350,000 which, while a lot of money, still isn’t the million we want.

The only way to make a million from a movement like this is to stack multiple trades onto one movement, this way we are increasing the size of our profit even though the market is moving a smaller distance.

If we were to have three 1000 lot trades placed onto the downtrend above we would make £350,000 on each trade which works out at just over 1 million.

The problem is most traders when staring out do not have the funds required to be able to place 100 lot positions let alone 1000 lots.

For me to be able to place a 100 lot trade require me to have £400 available in my trading account, this is probably more than what most people are starting out trading with.

Then there’s the issue of stop-loss.

A 10 pip stop-loss on a 1000 lot trade works out at £1000 risk, so before we can even think about placing trades this size we need to scale up from lower amounts.

Scaling in

Scaling in requires us to find a pre-existing trend or movement in the market then place multiple trades onto this trend with each successive trade being placed at a higher amount than the last.

This method begins innocently enough, our first trade will be at our typical trade size which we usually trade with, then, as the profit begins to build up on our first trade we will take some of the profits off the position and use them to place another trade in the same direction at a higher leverage.

Now we have two trades in the market both making money for us, the important thing to remember is the second trade we placed will make more money then the first in a shorter amount of time, meaning we can place our third trade sooner rather than later and at an even higher leverage.

After taking even more profits of our first two trades we can placed our third trade. The size of the third trade will determined by the profits we have taken off of the previous two trades.

If you’ve looked at my article ‘daily charts vs 1 hour charts’ you might remember this image:

In that article I described how I traded the one pin bar above on the daily chart as well as trading another three which were found on the 4 hour chart.

Now although I didn’t scale in on these trades I thought they highlight a good example of a how scaling in should be done correctly.

Let’s run through how you would have scaled in using the example above.

Our first trade would have been on the pin bar marked with an x below it on the chart, this is what we call the initial trade.

The initial trade is always taken with the same trade size as you usually use on all your other trades.

The trade we take on the second pin bar will be placed using a portion of the profits we’ve made on the first trade, looking at the image you can see the distance the market moved from then first pin bar to the second is around 500 pips.

This equates to around £500 profit if your trading at the lowest possible amount.

When we see this new pin bar we move the stop on our first trade to the price at which we would be in £250 of profit, this is marked with a red line on the chart.

Now no matter what happens we have secured £200.

We are going to use this £200 on our second trade with the newly formed pin bar.

The distance of the stop from the entry on the second pin is 80 pips, meaning we size of this trade is going to be 3 mini lots: £250 ÷ 80 = 3

We place the trade at 3 mini lots, its important to note that we still have the first trade running, as the market continues higher this trade will accumulate additional profits for us.

The last trade

On the third and final trade we are going to use profits from both of the previous trades to place an even bigger trading position.

When this 3rd and final pin bar forms our first trade is in profit of around £1270 with the second trade in profit of £2400 even these two trades on their own have made really good profits for us, because of this, we only want to use the total amount of money made on the first trade to decide how much higher leverage to use on this third and final trade.

So £635 is the maximum we are going to place on this last trade.

Now the stop-loss distance on the last pin is 100 pips.

Which means we can place a trade at 6 mini lots, twice as big as the second trade! Don’t forget we also have the first two trades still running making us money!

The third trade gets placed, after 7 days the profit has already topped £1800 at this point it would be worth considering to take profits on the last two trades.

Both of these alone will of netted you £5200 and this is without counting the first trade!

What I would suggest you to do is upon closing the final two trades, keep the first trade running so if you see any more pins you can keep using the profits from the first trade to then scale in again, repeating the proceeds I’ve outlined above.

This method can be used on all time frames, the example above is best suited to a longer term trader such as someone using the daily chart, a day trader could see a trending movement on the 5 minute chart and scale in, in the exact way described above, there really are endless variations you can come up with when implementing this method.

Why having multiple positions gives you more freedom

One other benefit of scaling in is it gives you the ability to play around with your trading methods a bit.

Even if you only have one trade placed in a trending movement the possibilities it will open up to you are endless, for example, instead of placing your second trade at a higher leverage than your first why not place it at the same amount?

Instead of having two trades placed, one big and one small, you can have lots of small trades all running at the same time.

If you place ten trades at the lowest leverage available that’s basically the equivalent of having one 10 lot position running anyway.

This gives you more freedom because the individual risk on each one of these 1 lot trades is still really small yet your making equivalent profits to that of a single 10 lot trade!

Another benefit to having multiple trades running at once is the effect it has on your psychology.

I think most traders trade in a way where, they place one trade then, wait for the outcome before placing another trade, usually the thought never occurs to them to place more trades, their eyes will be glued to the screen watching the market to make sure they don’t lose on the current trade.

If you’re in a winning trade you should be placing more trades onto that same currency in the same direction, you can use the profits you’ve taken so far to increase the size of the stop-loss on the new trade, so although another setup you use may not appear in the market you can still place a trade based on something else just to get another trade placed.

Summary

Turning a small account into a big one is no easy feat to accomplish, there usually aren’t many opportunities to scale into trades like I’ve shown you in this article however ,I’ve developed and refined one more technique you can use to build your account up.

This method does not require you to have much money in your account nor does it need you to place many trades, all it takes is you to be able win on two trades in a row in order for it to be successful.

To find out more about this method click here.

Reader interactions

Comments

I see your site is very great to me! We have hope that u can keep up this pretty work. Will u please also visit our page ?

How come your stop losses is 10 pips away from your entry but all my stop loses is 80 pips or more . It doesn’t matter what pattern appears my stop losses seem to be 80 or more pips and never less than 80 ?

A 1000 lot position is £10000 each pip, not each 100. Pips.

I don’t know anything about trading stock but I’m willing to learn , one reason I never got into it was I never had extra$$
please get back with me

Top 10 best forex brokers for big accounts 2021

Top rated:

Are you looking for the best forex broker for big accounts because you want to start making some serious trades?

First off, it is well-known that many brokers try to offer big accounts, in fact, they are very competitive on this point. In order to stay competitive, brokers often need to offer potential clients more than just a large account.

Some of the best forex brokers for large accounts have services dedicated to those who want to move large volumes or offer advantageous conditions for those who make large deposits, like VIP accounts or particularly favorable trading conditions.

The best forex brokers should also strive to impress you with other features too like their platform and number of instruments, and, most importantly, reflect the trading style you wish to emulate.

So, in this article, we’re going to look at forex brokers for large accounts that provide their clients with a truly reliable and trustworthy service.

Remember, don’t just look for a ‘big account’, look for a service with the benefits you want.

Top 10 of the best forex brokers for large accounts for 2021

1. Pepperstone

Pepperstone is a solid all-rounder when it comes to forex trading and is highly recommended by many. A lot of their success is down to their razor ECN account which benefits from some of the best technology on offer, flexible leverage and advanced algorithms. Professional clients are also able to reap a number of benefits with pepperstone too, such as leverage as high as 1:500 on certain instruments, meaning their funds can go further. In 2018, they were also rewarded ‘best forex ECN broker’ by the UK forex awards.

Alongside these accolades and benefits, trading at pepperstone brings a great experience with some of the fastest execution and lowest spreads around, starting from 0 pips. For those looking for big account trading, pepperstone offers VIP treatment through their active trader program. This means that once you make a significant deposit and trade at least 200 lots per month, you will be eligible for these VIP benefits. The program is highly regarded among big traders and can lower your trading cost as much as 15% along with rebates and other benefits.

Top 10 unlimited forex demo account for 2021

Top rated:

When you decide to begin in the world of forex, demo trading accounts are an important first step that you may decide to take when trying to choose from some of the best forex brokers around.

Starting out with a demo trading account is not just for beginners though, this is something you can use as an experienced trader to get to know more about almost any broker, how they operate, and the trading platforms that they offer.

Throughout this article, we will explain what are the forex brokers where you can get the best demo account with NO time limitation and how you can get the most out of your demo trading account with all of the top forex trading brokers in the industry.

What’s a demo account?

If you are not already aware, demo trading accounts are offered by almost all of the top forex brokers. This is a risk free way in which you can learn more about every broker as a forex trader or if you are involved in CFD trading.

These accounts are offered on a trial basis typically with an amount of virtual money that you can risk. This prevents you from possibly losing your own money while you get to know the trading platform of each broker in more detail. These demo trading account trial periods may be limited in terms of the duration you can use them, or they may also be unlimited. This decision is up to the particular forex broker.

As well as risk free trading in which you cannot lose your money, it is also a chance to find out more about the regulation of online trading under each authority and within the cfd trading or forex broker. This can be helpful in knowing what kind of leverage is available as well as other things such as how account types and funding methods work.

Within this top 10 demo trading account piece, we have collected a range of top brokers who offer demo trading accounts which do not expire, and who also provide access to a large selection of account types for you to choose from as well as trading platforms like the well-known MT4.

This, along with dealing in a range of assets and CFD trading in the likes of cryptocurrency and even copy trading demo accounts, can really help you to better understand the industry as a forex trader and the direction you would like to take.

Top10 unlimited forex demo accounts

The following are 10 of the best brokers offering exceptional unlimited demo trading accounts that we have reviewed and feel would be the best choice in your search for a well authorized and regulated broker.

1. XTB

Looking at XTB, the broker offers both standard and pro accounts for you to choose from as a trader. Both of these account types do come with a demo trading account also available. This demo trading account unlike some others, does not expire. With that said, it may be closed if you have not trading in a 30 day period.

Often, you go to as a trader is currency trading and the ability to trade in one top currency pair or another. In this respect, the XTB broker offers a choice of more than 45 forex pairs across both of these XTB account types.

The XTB spreads are also highly competitive starting from just 0.1pips on some major pairs. If you are more into CFD trading, then you can also sample this within the XTB demo trading account at no risk to your real money whatsoever.

There are more than 100 cfds to choose from in various categories such as indices, commodities, futures, etfs, and a selection of 25 cryptocurrencies to choose from. An XTB broker review will show that they apply a 0.08% fixed commission to every trade and then a possible $3.50 per lot traded commission which depends on the account type you select.

When it comes to trading platforms you can try out and that are available as part of your demo trading account, XTB offers MT4 and xstation. Finally, in terms of fees, the broker does offer some rollover-free accounts although not in every country so you should check with their support team particularly if you are a islamic forex trader.

With XTB you also have the chance to further your development by taking advantage of a strong educational infrastructure through videos, tutorials, webinars, and more to help you grow as a top forex trader.

Open an account

Ideal for traders who want a traditional, spread pricing, currency trading experience

For traders who are seeking ultra-tight spreads with fixed commissions.

Not available on metatrader.

Recommended bal. $25,000, min. Trade size 100K

Active trader program

Cash rebates of up to $10/mil volume traded

Professional guidance from your own market strategist

Reimbursement of any bank fees on all wire transfers

How do I open a joint or corporate account?

What are the differences between a demo and live account?

How does FOREX.Com make money?

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Please note that foreign exchange and other leveraged trading involves significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary.

Contracts for difference (cfds) are not available to US residents.

FOREX.Com is a trading name of GAIN global markets inc. Which is authorized and regulated by the cayman islands monetary authority under the securities investment business law of the cayman islands (as revised) with license number 25033.

FOREX.Com may, from time to time, offer payment processing services with respect to card deposits through its affiliate, GAIN capital UK ltd, devon house, 58 st katharine’s way, london, E1W 1JP, united kingdom.

GAIN global markets inc. Is part of the GAIN capital holdings, inc. Group of companies, which has its principal place of business at 135 US hwy 202/206, bedminster, NJ 07921, USA. All are separate but affiliated subsidiaries of stonex group inc.

How to make $100-200 A day from forex trading (required account size)

Required trading account size to make $100-200 A day from forex

In this video, I share the math behind the required trading account size to make $100-200 per day as a forex trader. Vlog #183.

The reason why I think it's important to look at this is that many aspiring traders ask me what amount of money they need to make a living off trading. The answer is often lower than some experienced traders would say.

However, it's very important to stop and think about whether you are looking to simply live or instead to grow an account. After all, constantly taking money out of your trading account reduces the pace at which your account grows.

Let's jump on the whiteboard to do the math!

Required Trading Account Size - Screenshot

What if you don't have that required trading account size?

A lot of traders get discouraged when they hear they need $50k to make a living off trading.

Wasn't trading supposed to be an easy money-making scheme?

Let me remind you: the moderate cost to study in a private college in the united states is averaged $49,320 in 2016-2017 (source: college data).

However, if you do not have the money to start trading for a living up front, there are alternatives. You can use OPM (other people's money), which is the way I favored.

By using other people's money, you can expect to need a bigger account size since you will only collect 25-30% of the profits. In this case, you would need a 3x-4x account.

More resources

If you are aspiring to trade for other people, you might want to consider checking out the desire to TRADE academy where I’ll help you do precisely that!

Big forex account

Notification of new leverage setting

Starting from 18th feb 2021, the leverage rules will change from the selection setting to the proportional balance setting.

【change date】
17th feb 2021 (wed) 22:05～ (GMT +0)

【leverage settings】
leverage reset in proportion to the account balance.

◆USD accounts
balance leverage
under $50,000: 555 times
above $50,000: 200 times
above $100,000: 100 times

◆JPY accounts
balance leverage
under ￥5,000,000: 555 times
above ￥5,000,000: 200 times
above ￥10,000,000: 100 times

【reset timing】
summertime: 21:05 (GMT +0) everyday
wintertime: 22:05 (GMT +0) everyday

【designated account】
standard account, prospread account, MASS standard account, cryptoecn account

【designated server】
server live#1-#5 (not including DEMO server)

【designated trade pairs】
forex major, some forex minor (AUDCAD, GBPCAD, GBPNZD)

【trade pairs that are not eligible】
・some forex minor(USDRUB, USDTRY, USDZAR)：leverage 50 times fixed
・CFD (metal, index, energy)：leverage 50 times fixed
・cryptocurrency：leverage 5 times fixed

※above rules applied to all existing accounts

For more details, feel free to contact our customer support.
Support@bigboss-financial.Com

13 january 2021

Announcement of the change of trading time for US public holiday

The trading time for some products will change during the subject event.

(the following times are GMT 0)

17th january 23:00 sun - 18th 18:00 mon

17th january 23:00 sun - 18th 17:45 mon

17th january 23:00 sun - 18th 18:00 mon

We understand you may have burning question which re quire answers immediately. Please check out FAQ.
It should answer most of your general questions.

Should there be any other questions, please feel free to contact our customer support desk.
We would be in touch with you within the business day or the following.

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Bigboss aims to provide high quality service, and customers’ best interest is always laid at the first place.

We provide several deposit and withdrawal methods, various financial products, professional engineer team, worldwide NO.1 customer support team.

We highly appreciate your advice and suggestions, and will consistently improve our service to be the worldwide top broker.

【quick deposit and withdrawal】

Several deposit and withdrawal methods are provided to make sure your money transfers smoothly, so that you will not miss any trading chance.

We provide our customer the perfect and secure trading environment to focus better.

【various financial products】

50 financial products are provided, and all the rates are directly collected from the interbank market.

Besides forex, by contracting with different liquidity providers, CFD trading such as nikkei 225, DJIA, gold, oil, bitcoin is also available.

By adopting the trading servers provided by equinix, which is widely utilized by financial organizations around the world, we have achieved fair execution.

Stable trading operation is executed due to our direct partnership with the interbank market.

Large amount trading from hedge fund or organizational investors will also be stably executed as well.

【multi-language customer support team】

You may reach our customer support staffs by not only email, but also online real-time chatting, and support service is provided in multi-language of english, chinese, and japanese.

We will provide you the best customer support service, no matter you are a beginner or a fund manager.

Forex trading

Harness volatility in the world's most-traded financial market with a top in class forex broker 1 on an award-winning trading platform. 2

Forex trading involves risk. Losses can exceed deposits.

Call 1 844 IG USA FX or email newaccounts.Us@ig.Com to talk about opening a trading account.

We’re here 24 hours a day, from 3am saturday to 5 pm friday (EST).

Why trade forex with IG?

Get an edge with our award-winning platform 2 designed to be with you wherever you are. Our platform is web-based platform and available in app stores for mobile devices.

Stay aware of market movements with customizable alerts on IG's platform.

Get friendly, expert support 24 hours a day, except between 5 pm friday - 3 am saturday (EST).

Identify FX opportunities on clear, fast charts and deepen your analysis with prorealtime.

Enjoy peace of mind trading forex with an award-winning forex broker. 1

Open an account quickly and easily – you could be set up and trading forex in minutes.

What is forex trading?

Forex trading is the buying and selling of currencies on the foreign exchange market with the aim of making a profit.

Forex is the world's most-traded financial market, with transactions worth trillions of dollars taking place every day.

What are the benefits?

Go long or short

24-hour trading

High liquidity

Constant opportunities

Trade on leverage

Wide range of FX pairs

How do I trade forex?

Decide how you’d like to trade forex

Learn how the forex market works

Open a forex trading account

Build a trading plan

Choose your forex trading platform

Open, monitor and close your first position

Open an account now

Fast execution *

React to opportunity across 80+ FX pairs

Trade wherever you are

Trade on the move with our award-winning apps optimized for your device

A broker with a legacy

Our parent company, IG group has 45 years' experience, we're proud to offer a truly market-leading service

How much does forex trading cost?

Margins:

When you trade FX you do so with leverage - meaning you can win, or lose, a significant amount more than your inital deposit - called your margin. Though not actually a cost to you, the margin you pay makes a big difference to the affordability of your forex trade.

Spreads:

Your key payment for forex is the the spread - the difference between the buy and the sell price - our charge for executing your trade. We work to keep our spreads among the lowest in the business.

Spot FX	IG min. Spread	IG av. Spread
EUR/USD	0.8	0.9
AUD/USD	1	1.2
USD/JPY	0.8	0.9
EUR/GBP	1	1.3
GBP/USD	1	1.3
EUR/JPY	1.2	1.3
USD/CHF	1.5	1.7

If you hold a position overnight you there will be a funding adjustment applied to your account. Currency conversion fees may also apply.

With our transparent pricing, you can be confident you understand the value of each trade.

Up to 20% lower spreads on EUR/USD vs top two U.S. Brokers 3

See our full product details

Discover your next opportunity

Search our huge range of forex pairs.

Live prices on our most popular markets

Prices above are subject to our website terms and conditions. Prices are indicative only.

Choose your trading platform

Seize opportunity at your desk or on the go with IG's award-winning platform for desktop and mobile 2 or trade on one third party platforms we offer.

Our intuitive web platform

Metatrader 4

Discover the IG web trading platform, a clear, smart way to trade forex that’s customizable and requires no downloads.

Build forex trading algorithms that will execute your trades automatically with metatrader 4.

Our mobile apps

Prorealtime

Never miss an opportunity, trade forex on the move with our natively designed IG forex for your device.

Deepen your trading anaylsis with prorealtime's clear, advanced, feast charts.

Find your next opportunity in our huge range of over 80 major, minor and exotic forex pairs - starting from just 0.8 pips

Get the latest forex news

EUR/USD, GBP/USD, and USD/JPY driven by dollar gains

USD/JPY on the rise as EUR/USD and GBP/USD fall back

EUR/USD, GBP/USD, and AUD/USD likely to turn lower despite brief gains

EUR/USD and USD/JPY reach resistance, while GBP/USD trends upward

You might be interested in…

Powerful forex charting

Managing your FX risks

Try an IG demo account

Zero in on price action with our clean, fast charts, deepen your analysis with autochartist packages.

Mitigate against forex trading risk with our range of stop and limit orders, and keep an eye on forex prices with customizable alerts.

Test your trading strategies with $10,000 in virtual funds by opening an IG demo account.

1 based on IG US's numerous awards including: investopedia's 2019 best brokers awards (determined by award winners, investopedia's team evaluated more than 70 online brokers, considering thousands of variables across trading technology, mobile capabilities, user interfaces, research tools, costs and fees.), awarded best customer service broker, best value for money, and best educational material by investment trends (determinded by overall relationships in investment trends 2019 foreign exchange report) and winner of FX week's e-FX 2019 award for best retail FX platform of the year (A submissions-bassed process awarded by FX week judges, based on demonstrating innovative ideas and implemented in a practical way for solving issues for clients.)

2 winner of FX weeks e-FX 2019 award for best retail FX platform of the year. The FX week e-FX awards is a submissions-based process where companies are invited to enter the judging process. Awards are given by FX week judges, based on demonstrating innovative ideas implemented in a practical way for solving issues for clients.

3 based on minimum spreads advertised on january 28, 2020 . Excludes competitors' commission-based products.

*based on IG group's OTC data from october 2019. 86 million trades places in FY19 with an avaerage execution speed of 0.014 seconds.

Forex trading

Forex trading costs

Learn to trade

Disclosures

Contact us

New clients: 312 981 0499

Existing clients: 312 981 0498

Marketing partnership: email us now

Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. You may lose more than you invest. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. The information on this website is not directed at residents of countries where its distribution, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

IG is a trading name of IG US LLC (a company registered in delaware under number 6570306). Business address, 200 west jackson blvd., suite 1450, chicago, IL 60606. IG is a registered RFED and IB with the commodities futures trading commission and member of the national futures association (NFA ID 0509630).

IG US accounts are not available to residents of ohio.

TOP 5 BIGGEST FOREX BROKERS 2021 UPDATED. SEE FULL LIST NOW!

BRKV – when you first entered the forex market, the first question always is “ who are the top 5 biggest forex brokers?” or “what are the top reliable or best forex brokers?” of course all traders want to trade with the best forex brokers, but it isn’t easy for beginners to recognize those brokers. It’s even quite difficult for experienced traders like us too!

We have traded forex for a long time. Some of us even worked for some forex companies. And for the last several months, we have been researching and contacting various forex brokers to find you the results below. Thanks to our contacts, you can believe that these results are 100% true and totally unbiased. We also consulted some other lists on the internet but we do believe that they are fake. For example, when we searched “top biggest forex brokers” and we find FBS or FXTM in those lists, we instantly know that they are just for the sake of advertising. We know these brokers. They are new brokers and they only target at some countries in southeast asia and africa, so it’s impossible for them to be among the largest forex brokers. Without further ado, here is our list of the 5 largest forex brokers in the world with their highest trading volume in a month:

Exness: $785 billion/monthlearn more here

XM: $320 billion/monthlearn more here

Hotforex: $300 billion/monthlearn more here

Saxo bank: $300 billion/month

Forex.Com: $300 billion/month

Which standards to rank the biggest forex brokers?

Of course to rank the largest forex brokers, we should look at their trading volume first. Some brokers publish their trading volume online so that we can find out how many people choose to trade with them. I really appreciate their transparency. But, of course, I can only trust them when they are audited by the top reliable audit companies. And all the 5 brokers I mentioned above are audited by trusted and large companies. I encourage you to trade at these brokers, because they are very transparent. It’s safer for your fund. And for some other brokers who don’t publish their trading volume, I collect their data from trusted resources such as statistic websites, financial news, or big and famous newspapers.

Some big brokers have very high total trading volume such as: forex.Com and saxo bank but actually, their forex volume is just a part of it. It is because they provide many products like crypto, forex, future, commodities, and stock… therefore, the total volume which are shown to us is high but the actual fx volume is lower.

Forex.Com’s total trading volume is $500 billions, but forex volume is $300 billions.

Saxo bank’s total trading volume is $600 billions, but forex volume is $300 billions.As you can see, the forex trading volume is just about half of their total trading volume. In this article, we are focus on the forex trading only.

Exness

Exness is a real deal in this market. No trader has never heard of this broker. The popularity alone shows you how big this broker is.

Exness always has the highest trading volume in the market. That means the clients of this company are all big traders. They trade thousands of dollars everyday. Exness must be some broker who is really trustworthy and amazing so that big players choose to do business with them.

XM is one of the biggest forex brokers in asia. Have you ever been to one of their conventions? I have been to several in malaysia, philippines, indonesia, and vietnam. And I must tell you, those places are packed. XM is considered the destination for professional asian forex traders.

They are reliable, professional, and big. They offer really low prices as well as amazing customer services.

Hotforex

Hotforex is also a well-known name in the forex market. They are a prestigious forex broker who is trusted by a large community of traders from all over the world.

They have a diverse set of trading accounts that meet all the requirements of every forex trader's level. Moreover, they are well regulated and guranteed by big financial companies.

Learn more about hotforex here.

Other standards

However, choosing a forex broker based only on their trading volume? Everyone will say that you’re stupid. I believe you can find other brokers that have higher trading volume but we would not recommend them. Why? Because they can meet the standards we set for the best forex brokers in the world. Our standards are:

Trustworthy	trading costs	trading conditions	customer services
regulations	spread	accounts	payment system
historical activities	commission	quotes	local offices
trading volume	slippages	trading platforms	availability
rebate/bonus	leverage

Trustworthy

For a broker, safety of security is always a must. And the only way to ensure that is through forex regulations. Forex regulations are like licenses that big and reliable financial organizations grant to brokers after making sure that they can keep traders safe. A reliable broker must always has at least one regulation from the country where they do business. About reliability, you can look for the brokers’ regulations to know if they can be trusted. Here are the regulations of our 5 largest fx brokers:

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" style="background-color:#ace7ff; border-color:black; border-style:solid; border-width:1px; text-align:center"> exness	" style="background-color:#f1f0ee; border-color:black; border-style:solid; border-width:1px; text-align:center"> cysec, FCA	" style="background-color:#ffffff; border-color:black; border-style:solid; border-width:1px; text-align:center"> learn more here
" style="background-color:#ace7ff; border-color:black; border-style:solid; border-width:1px; text-align:center"> XM	" style="background-color:#f1f0ee; border-color:black; border-style:solid; border-width:1px; text-align:center"> cysec , FCA, ASIC	" style="background-color:#ffffff; border-color:black; border-style:solid; border-width:1px; text-align:center"> learn more here
" style="background-color:#ace7ff; border-color:black; border-style:solid; border-width:1px; text-align:center"> hotforex	" style="background-color:#f1f0ee; border-color:black; border-style:solid; border-width:1px; text-align:center"> cysec, FCA, FSCA	" style="background-color:#ffffff; border-color:black; border-style:solid; border-width:1px; text-align:center"> learn more here
" style="background-color:#ace7ff; border-color:black; border-style:solid; border-width:1px; text-align:center"> saxo bank	" style="background-color:#f1f0ee; border-color:black; border-style:solid; border-width:1px; text-align:center"> FCA, FSA	" style="background-color:#EFF6F8; border-color:white; border-style:solid; border-width:1px; text-align:left">
" style="background-color:#ace7ff; border-color:black; border-style:solid; border-width:1px; text-align:center"> forex.Com	" style="background-color:#f1f0ee; border-color:black; border-style:solid; border-width:1px; text-align:center"> FCM, RFED, CFTC, NFA	" style="background-color:#EFF6F8; border-color:white; border-style:solid; border-width:1px; text-align:left">

A household name

Moreover, to know whether a broker is reliable for not, you should check how famous it is. If there are many people know of that broker, it is safer to trade with them. There are a lot of forums online where to can ask traders from all over the world how they feel about certain brokers.

Trading costs

About spread, isn’t it great for the biggest forex brokers to have low spread? As you can see in our article about the lowest spread brokers, spread is a factor that many traders pay attention to when considering a forex broker. Our 5 largest brokerages also come with the very low spread rates:

Minimum deposit

The best large forex brokers are the ones who welcome all types of trader. I know there are some big forex brokers who only allow professional traders or experts, not normal traders like us. They require traders to deposit thousands of dollars just to open an account. Normal traders don't like to deposit that much, not to mention beginners. Therefore, a good big forex broker should have low minimum deposit requirement. Check out the minimum deposit to open an account at our biggest forex brokers:

Exness: 1 dollar

XM: 5 dollars

Hotforex: 5 dollars

Trading conditions

The trading conditions of these 5 forex brokers are also very good. For instance:

Exness offers traders multiple account types, low commission, less slippages, good quotes and really high execution speed. Their automatic payment system is the fastest in the market, which also allows deposit and withdrawal on weekends (an exclusive feature of exness).
Check exness now

XM has great lot-back and deposit bonuses, the best trading platform in the competition, high minimum withdrawal limitation, and the best cryptocurrency trading conditions.
Check XM now

Hotforex rarely lets slippages happen and if so, they are very low. They require low minimum deposit. Moreover, they hold the best forex conferences and educational programs for forex traders. I’ve been to several and the experiences were really amazing.
Check hotforex now

Diverse trading instruments

A good forex broker must always offer traders with as many choices as possible. There are chances everywhere in the forex market, so traders should have at least the opportunity to have access to those trading instruments.

Saxo bank offers traders up to 180 currency pairs.

Exness offers traders up to 120 currency pairs.

XM offers traders up to 55 currency pairs.

Forex.Com offers traders 50 currency pairs.

Hotforex offers traders 45 currency pairs.

Good trading platforms

Trading platform is always an important part of trading forex. Whether it is self designed or a purchased software, a trading platform of a big broker must be able to provide traders with the most useful, common, and advanced trading tools, as well as features and charts. Here, I rank the best trading platforms of my largest forex brokers:

Exness: MT4 and MT5 platforms

XM: MT4 and MT5 platforms

Hotforex: MT4 and MT5 platforms

Saxo bank: saxotradergo and saxotraderpro

Forex.Com: MT4 and MT5 platforms

Globalization

The largest forex brokers we are talking about here are the largest in the world. Some brokers only big in there countries. In other to be the largest in the world, a broker must first have local payment system to minimize the transaction fee for traders who want to deposit or withdraw money. Secondly, that broker must be able to form support team who can help customers in their own native languages. Check out the followings for the globally largest forex brokers.

Customer care

The story of customer service never gets old. Every level of forex traders need help from forex brokers. Therefore, this is a very important standard that all brokers have to meet. To help their customers, brokers can open offices in countries that they target at. Moreover, they must have a phone line open 24/7 so that traders can call them any time they need. If telephone is too complicated, at least brokers must have a online message channel on their websites that must be available for customers 24/7. And finally, brokers should not be able to assist clients only in english. Since forex market is a global market, brokers must be able to help us, the traders, in as many languages as possible.

Languages	work hour	live chat	E-mail	phone
exness	13	24/7	24/7	24/5	24/5
hotforex	9	24/5	24/7	24/5	24/5
XM	8	24/5	24/7	24/5	24/5

The biggest brokers bring you the best service

Being big brokers mean that they are rich. And when they are rich, they are able to bring you the best service you can get. Only the big brokers can work with local banks so that you can deposit or withdraw quickly and economically. Moreover, large forex brokers can organize better support service that can fix your problems fast and professionally. And finally, bigger brokers can give you the best prices that small brokers can not keep up with. Small brokers can only give you bonuses as a temporary measure. Big brokers can assure the price stay low all the time.

Biggest forex brokers in the UK

You have to know that the biggest forex brokers in asia are nothing like the biggest in the UK. What is the difference? The answer is regulation. You cannot apply the same regulation of asian brokers to european brokers. They operate in different territories, so they can be applied everywhere. In the UK, the forex regulation is that of financial conduct authority, or FCA. Here are the biggest forex brokers that have FCA regulation:

Should we trade with the largest forex brokers?

BRKV – you can see, most brokers in the above list are american and european brokers. So, if you are living in those regions, they may be good for you. But what if you live in asia, africa, or australia? They may not be good for you. They are all reliable forex brokers. But we need to check more things like:

Whether they are regulated in your countries.

Can we deposit and withdraw with local bank?

Do they have local support like offices or seminars or phone numbers?

We can confidently tell you that, if you are living in asia and africa, exness is the best choice for you

Exness targets mainly at asia and africa. Their payment system is remarkable. You can deposit and withdraw instantly and free, while other asian brokers who don’t have local payment system will charge you from 1.7- 4% of your deposit fee. Furthermore, you can deposit and withdraw your fund on weekends. No other brokers allow you to do that. Exness also have offices in most big countries such as: china, indonesia, thailand, singapore, malaysia, cyprus, south africa, india and dubai. For other countries, they support online 24/7. You can get instant responses from their live chat. Or just leave a phone number and they will call you back.

If you are living in US, forex.Com is the best option. They are reliable and leading in the US market.

If you are living in europe, saxo bank and exness are the best.

If you are living in africa, check out the best forex brokers in south africa.

Why should we trade with these biggest forex brokers?

The forex market is a complicated market. There are a lot of scam brokers that will steal your money by dirty hidden acts. For beginners, they don’t know it until they’ve lost all their money. Even for experienced traders, they can also lose a lot until they realized that those brokers are cheating them.

Why can’t we identify a scam broker at the beginning?

As usual, the problems won’t happen at the beginning. They want you win so you will deposit more, and then they can get more later. Even for non-scam brokers, you also tend to win at the beginning. Because you usually follow risk management at the beginning. Yet when you gain higher profit, you tend to be wild and lead to loss.

Trading with largest forex brokers to avoid scam brokers

Because we can’t check scam brokers until we lost our money, we should trade with largest forex brokers only. When they become largest forex brokers, hundreds of thousands of traders are trading there. They will help us check and reviews those brokers. So, if there is any problem, they will talk about it everywhere and you will know.

Nowadays, the world has become flat. We share everything on the internet and social media. So scam brokers can only cheat you once. Only reliable brokers can grow and become the largest forex brokers.

And this is list of 5 biggest forex brokers for you (their average monthly trading volume included as well):

Exness: $785 billion/month learn more here

XM: $320 billion/monthlearn more here

Hotforex: $300 billion/month learn more here

Saxo bank: $300 billion/month

Forex.Com: $300 billion/month

So now you know who the biggest forex brokers are. Trading with the largest brokers is an advantage because they can hardly go bankrupt or scam you. The large forex brokers can definitely guarantee your safety and security in the long term.

Fanara filippo

Hey, I’m fanara filippo. I’m the founder of this site. I'm currently living in bangkok, thailand. I have been trading forex for more than 5 years. You can read my articles about the best forex brokers on this page. Let’s review brokers today.

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