Choosing the best Forex broker for large accounts can be a challenging task because many brokers are advertising themselves as the best in the market. If you are looking for a Forex broker for large accounts, the three factors you need to consider are: how financially secure the broker is, the reliability of the trading platform for large volumes and their regulation. Here is the list of five best Forex brokers for large accounts in 2016.
The London based broker ETX Capital is authorised and regulated by the Financial Services Authority in the UK and a member firm of the London Stock Exchange. The firm offers multi-market and multi-asset derivatives through CFDs and spread betting products.
There is only one standard account at ETX Capital with a minimum deposit of $100 and there is no maximum trade.
ETX Capital offers 3 top trading platforms, all of which are available on the iPhone, iPad and Android devices. It also offers tight spreads on a range of different products.
ETX Capital focuses on educating their clients. Their seminars are geared to traders of all knowledge levels. ETX Capital also offers completely free online webinars, both live and pre-recorded.
The ETX Capital website is available in over 20 different languages with a 24/7 telephone customer support. Customer support is also available via email and Chat.
ETX Capital is known for its reliability and integrity. The outstanding track record and the many awards that they have earned are a proof of their high standards and responsibility. Read our detailed ETX Capital review for the pros & cons of their trading platform.
IronFx is a large brokers firm with over 50 offices worldwide. The firm is regulated and authorised by FCA, FSP, CySEC, ASIC, FSP and CRFIN. In addition, the company is a member of Eurex and MiFID compliant and EU regulated.
Spreads and Leverage
With STP/ECN services, it offers one of the tightest spreads in the Forex industry. IronFX allows scalping strategies within its trading framework and leverage up to 500:1 is also available.
Each platform can be modified, depending on your desire for fixed or variable spreads. The latest in SSL technology is used to encrypt all trading sessions, thereby safeguarding your personal identity information from hacking of any kind.
Types of Trading Accounts
• Micro Accounts
• Premium Trading Accounts
• Business Trading Accounts
• Cash Rebate Accounts
• STP/ECN Accounts.
Deposits and Withdrawals
There are no limitations on deposits with IronFX. Local withdrawal requests are handled fast, as long as the required documentation is on file.
IronFx earns from spreads added to the quotes depending on the type of trading account as well as the currency pair traded.
Safety of the funds
IronFx is able to provide their clients with an Investor Compensation Fund scheme which is authorised and regulated by CySEC. IronFx trading platforms also provide traders with an automated risk management system. Client funds are held in segregated accounts with Tier 1 banks like Bank of America.
Customer support is available in over 46 languages with a 24/7 access via email, live-chat, fax or direct phone line. Experts in the industry also post daily commentary, which complements training and support materials.
Because it is a legitimate and regulated broker, the London Stock Exchange has actually cited IronFx as one of the front runners in the field.
Core Spreads Forex is one of the top UK spread betting site operating under the supervision of the Financial Conduct Authority (FCA). It is registered in England with the registration number #07073412. The firm has fixed trading and tight spreads over the long term.
Core Spreads trading markets include Forex pairs, U.K. shares, commodities, indices and many others. Main instruments include the EUR-USD Spot, GBP-USD Spot, Gold Spot, US Tech 100 Cash, UK100 Cash, Germany 30 Cash and Wall Street 30 Cash.
Spread Betting Platforms
The Core Spreads trading platform uses a secure, reliable and multi-channel trading platform. The platform is available on desktop, iOS and Android phones.
Safety of the funds
• Core Spreads uses Services Compensation Schemed that safeguard funds up to £50, 000 that protects the spreads up to £5, 000
• Traded funds are maintained in segregated accounts.
• Clutter-free trading
• Minimal charges
• Tight spreads.
This trading platform provides accurate and reliable data; it warns of the risks and displays information in spite of the potential benefits it would otherwise gain.
24Option is an Established online binary options broker based in Cyprus. The broker is currently under the management of Rodeler Ltd. It is regulated and licensed by the Cyprus Securities Exchange Commission (CYSEC) under the license number: 207/13. 24option is also a member of the Investment Compensation Fund.
• Classic Binaries
• One Touch Binaries
• Boundary Binaries
• Short Term Binaries
• Standard Accounts
• Gold Accounts
• Platinum Accounts
• Diamond Accounts
• A free demo account.
24option offers a 24/7 Customer Support in 17 major languages. You can access the support team via email, live chat and telephone.
• Attractive incentives and benefits
• Secured trading platform
• Wide coverage of markets
• A range of educational resources.
24option is a reputable broker in the Industry. In addition, the range of incentives that 24option offer to traders is certainly one of the most attractive around.
Easy Forex was founded in Cyprus in 2001 where it has its headquarter. It is licensed with Australian Financial Services (AFS); License no. 246566 and licensed by Australian regulator ASIC and other similar regulatory bodies in the EU.
The firm protects its clients from fraud by the firm’s employees through internal auditing. Easy Forex employs internet security which guarantees the privacy of client information by allowing secure the safe transfer of the client’s data. Two layers of top class firewall systems at the server are implemented to protect against unauthorised access.
Account Types and Deposits
Easy Forex has tailored a variety of accounting packages that cater to the needs and expectations of customers. Instant crediting of credit card deposits eliminate the waiting period associated with most other brokers.
The customer service personnel use phone support and are also available through email, and are available during the Forex sessions. Easy Forex conducts live training by telephone, video charts, tours services and an online information centre assisting in the learning process of the beginner.
The Easy Forex uses, a web-based interface for its trades. This offers you great flexibility since you can trade without having to install any software. Easy-Forex uses both the MetaTrader4 and a web trading platform. You can access the platform 24/7 and online trading runs every day except Sundays.
Advantages of Trading with Easy Forex
1. Easy forex does not misquote your orders.
2. Easy forex has a wide choice of base currencies, which negates the currency conversion occurred during deposits and withdrawals.
3. Easy forex has the Inside Viewer which allows you to view the positioning of your fellow traders.
4. Spreads are fixed in all markets traded keeping the spread tight.
5. The MetaTrader platform is well-known and reliable.
6. Accounts can be started with as little as $25.
7. Simple and quick deposit process, since you can use a credit card, Wire Transfer and PayPal.
Easy Forex has been one of the major players in the online retail forex brokerage industry for almost a decade. It is known for its well-established security structure