For this list, we have reviewed and tested several forex brokers professionals.
We have opened live accounts and deposited between $4,000 and $8,000 in our accounts. Then we placed real trades to see how the spreads will work out. Also, we contacted each broker’s customer team to resolve issues with deposit and withdrawal processes.
We have picked the best forex brokers for professionals based on our trading data and experience as traders.
What is a Professional Forex Trading?
A professional forex trader specialises in the financial market and is engaged in trading as a full-time job making it his primary source of income. Professional traders work either in banks, hedge funds, or individually. The conditions are similar to that of a large account but with way more benefits.
- Once the traders have claimed their professional status, they will have full access to advanced tools and instruments, like advanced algorithms or high leverage trading. Also, traders will be able to trade more than 1 lot.
- Some brokers will offer special Pro account types with real Futures trading either with Mini or Full lot.
- In most cases, traders will be required to open an account with a minimum deposit of $5,000. However, each broker has its own vision of what is considered a large trading account. For example, Us brokers typically require larger deposits. But overall, the bigger the deposit the better the exposure to that market traders will get.
To become a professional forex trader one needs to meet certain criteria depending on each broker’s offering. But overall, traders should have already placed a particular size of transaction and have at least 1 year of experience, and have a trading portfolio.
Best Brokers for Forex Professional Trading
For this list of brokers for professionals, we searched and tested several forex brokers. We deposited money in our trading accounts and placed real spreads to see the complete picture of the conditions, spreads charged, and deposit/withdrawal processes.
- Interactive Brokers – Best Forex Broker for Professionals Overall
- TradeStation – Best Professional Forex Trading Platform
- Forex.com – Best Broker for Professional Forex EA
- IG – Best Broker with Professional Forex Services
Best Overall Broker for Professional Trading
We picked Interactive Brokers as the best forex broker for professional trading.
Interactive Brokers is a market-leading Forex and CFD broker delivering top-notch trading opportunities in more than 135 markets across the globe. The broker provides access to advanced trading tools from one integrated account.
Interactive Brokers offers professional traders advanced trading conditions with fast execution low spreads and outstanding algorithmic trading features.
Best Professional Forex Trading Platform
We chose TradeStation as the best forex trading platform for professionals.
TradeStation is one of America’s most trusted brokers. It was founded in 1982 and has been regulated by both the SEC as well as FINRA ever since, which means that traders can trade with confidence knowing their funds are protected by up to $500,000 per account.
TradeStation is a pro-level trading platform that provides fast, reliable order execution with exceptional charting and technical analysis tools. It also features an industry-leading 99% uptime rate.
Best Broker for Professional Forex EA
We picked Forex.com as the best broker for professionals EA forex trading.
Forex.com is an established global online broker that caters to individuals seeking the Retail FX and CFD markets, with over 10 years of experience providing customers access across the globe. It offers competitive spreads across all major currencies with low spreads and zero trading fees.
The broker offers a range of instruments in forex, indices, cryptos, and commodities with excellent trading conditions allowing traders to use advanced tools, technical analysis features and EA trading.
Best Broker with Professional Forex Services
We picked IG as the best forex broker for professional forex services.
Founded in 1974, IG is a global CFD provider with over 178,000 clients across the globe, an extensive product catalogue, competitive fees, longstanding business operations, and an excellent industry reputation.
The broker provides excellent extra trading conditions for those who claimed their professional status. It offers a personal account manager, various trading discounts active trade programs and access to premium tools.
List of Forex brokers for Professional Traders
Apart from the short-listed brokers, here’s a list of forex brokers for professionals.
| Forex Brokers | Test Details | Broker Review |
| Pepperstone | Deposit Amount: Over €6,000 Total Trade: 12 trades | Pepperstone Review |
| XM | Deposit Amount: Over €5,000 Total Trade: 12 trades | XM Review |
| Vantage FX | Deposit Amount: Over €5,000 Total Trade: 15 trades | Vantage FX Review |
| FxPro | Deposit Amount: Over €5,000 Total Trade: 15 trades | FxPro Review |
| Dukascopy | Deposit Amount: Over €4,000 Total Trade: 15 trades | Dukascopy Review |
| FP Markets | Deposit Amount: Over €6,000 Total Trade: 12 trades | FP Markets Review |
| Plus 500 | Deposit Amount: Over €6,000 Total Trade: 18 trades | Plus500 Review |
| XTB | Deposit Amount: Over €5,000 Total Trade: 12 trades | XTB Review |
| Trading 212 | Deposit Amount: Over €5,000 Total Trade: 15 trades | Trading 212 Review |
| ThinkMarkets | Deposit Amount: Over €5,000 Total Trade: 15 trades | ThinkMarkets Review |
| IG | – | Visit IG |
| Interactive Brokers | – | Visit Interactive Brokers |
| Forex.com | – | Visit Forex.com |
FAQ and more on Large Account Trading
When it comes to forex brokers for professionals, traders may have many questions. To be helpful, we picked and answered some of the most essential queries related to brokers for professionals.
Best Professional Forex Indicators
Indicators are mathematical calculations that can be used to identify signals and trends in the market. They’re plots on a price chart, with indicators ranging from simple moving averages all the way up through more sophisticated ones such as percentiles or Fibonacci retracements.
The choice of indicators depends on the system and trading strategy traders choose. Here are some of the pro indicators:
- Moving Average Line.
- Moving Average Convergence Divergence (MACD)
- Relative Strength Index (RSI)
- Average True Range ( ATR )
- Stochastic Oscillator
Professional Forex Trading Strategies
Forex traders use a variety of techniques to make decisions on when they should buy and sell currencies. Mostly none of the professionals will share the detail of their trading strategy, however, some might offer education and allow subscriptions typically paid to teach the strategy.
Here are strategies most used by pro traders: for large volume trades:
- pattern trading
- trend trading
- reverse trading
Professional Forex Signal Providers
The Forex signals are a set of indicators that may suggest entering trades on currency pairs. They can be generated either by human analysts or automated robots.
The choice of signal providers also depends on the system and strategy. Here’s the list of some of pro signals:
- Average True Range (ATR)
- Moving average convergence/divergence or MACD
- Fibonacci
- Relative Strength Index (RSI)