InvestinGoal Top Picks
  • 1.
    Rated: High
    91
    Visit Pepperstone
    74-89% of retail investor accounts lose money when trading CFDs
  • 2.
    Rated: High
    79
    Visit eToro
    51% of retail CFD accounts lose money
  • 3.
    Rated: High
    91
    Visit IC Markets
    74-89% of retail CFD accounts lose money
  • 4.
    Rated: High
    80
    Visit FxPro
    72.87% of retail investor accounts lose money
  • 5.
    Rated: High
    90
    Visit IG Markets
    70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
  • 6.
    Rated: High
    82
    Visit Forex.com
    73%-77% of retail investor accounts lose money when trading CFDs with this provider
  • 7.
    Rated: High
    92
    Visit AvaTrade
    76% of retail investor accounts lose money
  • 8.
    Rated: High
    81
    Visit Oanda
    CFDs are not available to residents in the United States
  • 9.
    Rated: High
    80
    Visit Interactive Brokers
    74-89% of retail CFD accounts lose money
  • 10.
    Rated: High
    82
    Visit Saxo
    65% of retail investor accounts lose money

The best professional Forex brokers, according to our research, are:

  1. Pepperstone
  2. eToro
  3. IC Markets
  4. FxPro
  5. IG Markets
  6. Forex.com
  7. AvaTrade
  8. Oanda
  9. Interactive Brokers
  10. Saxo

A “forex broker for professional” refers to a forex (Foreign Exchange) brokerage firm or platform that caters specifically to experienced and professional traders.

These brokers typically offer a suite of advanced forex trading platforms and tools, features, and services designed to meet the nuanced needs of professional traders.

In this article, we have grouped the best forex brokers for professional trading.

To make this list, we have taken the following elements into consideration:

  • the availability of a professional account
  • the leverage available
  • the advantages you get with pro trading
  • the protections you give up

Round-Up

Warning

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

Brokers for Professional traders Minimum Deposit Max Leverage for PRO Customers
Pepperstone 0 USD 1:500
eToro 50 USD 1:400
IC Markets 0 USD 1:500
FxPro 100 USD 1:500
IG Markets 300 USD 1:222
Forex.com 100 USD 1:200
AvaTrade 100 USD 1:400
Oanda 0 USD 1:100
Interactive Brokers 0 USD 1:400
Saxo 0 USD 1:66

What are the best forex brokers for professionals?

Below our curated list of the best forex brokers for professional traders, with details of features and characteristics.

1. Pepperstone

Pepperstone offers professional traders up to 1:500 leverage under CySEC, FCA, and ASIC. Professional traders trade over 1,200 CFDs. Pepperstone excludes negative balance protection but provides a free VPS and rebate program.

91
InvestinGoal Rating
  • Regulations:
    FCA, MIFID-ESMA, ASIC, DFSA, CYSEC, SCB (Bahamas)
  • Avg. EUR/USD Spread:
    0.09 pips
  • Platforms:
    cTrader, ZuluTrade, MT4, MT5, MAC Platforms
Minimum Deposit: $0
Demo account available
Visit Pepperstone
74-89% of retail investor accounts lose money when trading CFDs
About Pepperstone

Pepperstone is a global forex and CFD broker founded in 2010 in Melbourne, Australia. Pepperstone offers trading on currencies, commodities, indices, stocks, and cryptocurrencies through MetaTrader and cTrader platforms. Pepperstone is regulated by multiple authorities including ASIC, FCA, and CySEC. Pepperstone is known for competitive spreads, fast execution, and extensive educational resources. Pepperstone serves clients in over 160 countries worldwide. The Pepperstone CEO is Tamas Szabo.

Pepperstone Features

The features of Pepperstone are listed below.

  • As a professional trader with Pepperstone under CySEC, FCA, ASIC, DFSA, and SCB, you will find leverage of up to 1:500 available on forex.
  • Under CMA regulation, Pepperstone doesn’t offer a pro account to traders in Kenya.
  • WIth Pepperstone you can trade on more than 1,200 CFDs including more than 60 forex pairs.
  • You will not find any negative balance protection as a pro trader but they do offer a free VPS and excellent rebate program (up to 15%) known as Pepperstone Active Trader Program.
  • Pepperstone Razor accounts are the only ones available to earn rebates for pro traders with a spread from 0 pips on EUR/USD and a commission of $3.50 per side.
  • Professional traders can find the Pepperstone Razor account an ideal place for scalping as orders are processed fast at approximately ~30 milliseconds.
  • Professional traders with Pepperstone will benefit from a dedicated relationship manager and a priority service.
Pepperstone Pros and Cons

Advantages of Pepperstone

The advantages of Pepperstone are listed below.

  • Stable raw spreads (0,09 pips on EUR/USD on average)
  • Caters for algorithmic trading
  • Has won over 30 Forex industry awards

Disadvantages of Pepperstone

The disadvantages of Pepperstone are listed below.

  • The demo account is not unlimited

2. eToro

eToro provides leverage up to 1:400 for professional traders under FCA and CySEC. Professional traders access over 3,000 CFDs. eToro does not offer negative balance protection but facilitates volume-based rebates.

79
InvestinGoal Rating
  • Regulations:
    FCA, MIFID-ESMA, ASIC, SEC, CYSEC, Offshore, FSA (Seychelles)
  • Avg. EUR/USD Spread:
    1 pips
  • Platforms:
    Proprietary Platform
Minimum Deposit: $50
Unlimited demo account available
Visit eToro
51% of retail CFD accounts lose money
About eToro

eToro is a global multi-asset investment platform founded in 2007, offering trading on stocks, ETFs, Crypto CFDs, commodities, and forex. eToro provides a proprietary web and mobile platform with social trading features. eToro is regulated by multiple authorities including FCA, ASIC, and CySEC. eToro is known for its user-friendly interface, copy trading functionality, and commission-free stock trading. eToro serves over 30 million users worldwide. The eToro CEO and co-founder is Yoni Assia.

eToro Features

The features of eToro are listed below.

  • eToro professional account is available only to clients under FCA and CySEC regulations.
  • You will find leverage of as much as 1:400 as a pro trader with eToro.
  • You can trade over 3,000 CFDs on eToro including more than 45 forex pairs.
  • eToro doesn’t offer negative balance protection to professional traders, You can find instead a volume-based rebate and leveraged crypto trading.
  • The eToro Popular Investor Program is designed for experienced investors to gain an annual-base income by being copied on the social trading platform.
  • There is no opportunity to use a VPS with eToro even for pro traders.
  • You can also reduce trading costs through the eToro Club Program.
eToro Pros and Cons

Advantages of eToro

The advantages of eToro are listed below.

  • Great copy trading and social trading features
  • Wide range of asset classes
  • It allows to buy fractional stocks from $10

Disadvantages of eToro

The disadvantages of eToro are listed below.

  • The eToro spreads can be high
  • Offers only USD accounts
  • Transferring cryptocurrencies to other platforms can be hard

3. IC Markets

IC Markets allows professional traders leverage up to 1:500. Traders use the Raw Spread account with zero pips spreads. IC Markets excludes Negative Balance Protection for wholesale clients.

91
InvestinGoal Rating
  • Regulations:
    ASIC, CYSEC, FSA (Seychelles), SCB (Bahamas)
  • Avg. EUR/USD Spread:
    0.1 pips
  • Platforms:
    cTrader, Mirror Trader, ZuluTrade, MT4, MT5
Minimum Deposit: $0
Unlimited demo account available
Visit IC Markets
74-89% of retail CFD accounts lose money
About IC Markets

IC Markets is a global forex and CFD broker founded in 2007 and based in Sydney, Australia. IC Markets offers trading on over 2,250 instruments including currencies, commodities, indices, stocks, and cryptocurrencies. IC Markets provides MetaTrader 4, MetaTrader 5, and cTrader platforms. IC Markets is regulated by multiple authorities including ASIC and CySEC. IC Markets is known for its ECN execution model and low spreads. The IC Markets CEO is Andrew Budzinski.

IC Markets Features

The features of IC Markets are listed below.

  • Professional traders with IC Markets will have leverage of up to 1:500 available.
  • IC Markets offers access to more than 2000 tradable instruments including more than 60 currency pairs.
  • Trading with an IC Markets Raw Spread account, pro traders can avail of 0 pips spread with a commission of $3.50 ($3.00 on cTrader).
  • By qualifying as an IC Markets wholesale client you will waive some retail benefits such as the Negative Balance Protection.
  • IC Markets does not offer any dedicated rebates program to pro traders.
IC Markets Pros and Cons

Advantages of IC Markets

The advantages of IC Markets are listed below.

  • Low-latency trading environment
  • Institutional level liquidity
  • MT4, MT5, cTrader platforms are all available

Disadvantages of IC Markets

The disadvantages of IC Markets are listed below.

  • Small amount of educational tools for new traders
  • Small range of tradable assets compared to other CFD/Forex brokers

4. FxPro

FxPro grants professional traders leverage up to 500:1. Traders access over 2100 CFDs. FxPro provides negative balance protection. FxPro offers discounts on spreads and commissions.

80
InvestinGoal Rating
  • Regulations:
    FCA, MIFID-ESMA, CYSEC, EDR, SCB (Bahamas)
  • Avg. EUR/USD Spread:
    0.45 pips
  • Platforms:
    cTrader, MT4, MT5, MAC Platforms
Minimum Deposit: $100
Unlimited demo account available
Visit FxPro
72.87% of retail investor accounts lose money
About FxPro

FxPro is a global online broker founded in 2006, offering trading on forex, CFDs, stocks, indices, commodities, and cryptocurrencies. FxPro provides multiple trading platforms including MetaTrader 4, MetaTrader 5, cTrader, and its proprietary FxPro Platform. FxPro is regulated by multiple authorities including FCA, CySEC, SCB, FSC and KNN. FxPro serves clients in over 170 countries and has won numerous industry awards. The FxPro CEO is Charalambos Psimolophitis.

FxPro Features

The features of FxPro are listed below.

  • FxPro offers a professional account with leverage up to 500:1.
  • FxPro makes available over 2100 CFDs to trade including more than 70 forex pairs.
  • Most client orders are filled in under 14 milliseconds by FxPro.
  • Pro traders here will also continue to retain the benefit of negative balance protection while having access to use VPS
  • Up to 30% discount on spreads and up to 30% lower commission on cTrader accounts for professional traders with FxPro.
  • There are no rebates available for high-volume traders with FxPro.
FxPro Pros and Cons

Advantages of FxPro

The advantages of FxPro are listed below.

  • Regulated and Trusted Forex broker
  • Diverse Trading Platforms
  • Wide Range of Instruments

Disadvantages of FxPro

The disadvantages of FxPro are listed below.

  • Inactivity Fee
  • Limited Educational Resources
  • No Guaranteed Stop-Loss Orders

5. IG Markets

IG Markets offers leverage up to 1:222 for professionals. Professional traders access exclusive assets and monthly spread rebates. IG Markets excludes negative balance protection but prioritizes execution speed.

90
InvestinGoal Rating
  • Regulations:
    FSA, MAS, FINMA, FCA, CFTC, MIFID-ESMA, ASIC, FMA, FSCA, DFSA, BMA (Bermuda)
  • Avg. EUR/USD Spread:
    0.7 pips
  • Platforms:
    Proprietary Platform, MAC Platforms
Minimum Deposit: $300
Unlimited demo account available
Visit IG Markets
70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
About IG Markets

IG Markets is a global online trading provider founded in 1974, offering access to over 17,000 financial markets including forex, stocks, indices, commodities, and cryptocurrencies. IG Markets provides proprietary trading platforms alongside MetaTrader 4 and ProRealTime. IG Markets is regulated by multiple top-tier authorities worldwide, including the FCA and ASIC. IG Markets is known for competitive spreads, extensive educational resources, and innovative features like weekend trading. The IG Markets’ parent company “IG Group” CEO is Breon Corcoran.

IG Markets Features

The features of IG Markets are listed below.

  • Pro traders with IG Markets will find leverage of up to 1:222 available.
  • Under ASIC oversight, IG Markets offers two different levels of Pro accounts with leverage up to 250:1 on major forex pairs (or up to 100:1 on Pro Level 1 with Negative Balance Protection available).
  • IG Markets offers more than 17,000 CFDs to trade together with over 90 currency pairs.
  • Pro traders have access to more assets such as Digital100 and options CFDs with IG Markets.
  • Access to several exclusive services that retail customers do not have and a three-month free trial with IG Markets ProRealTime’s advanced graphics.
  • IG Markets offers monthly spread rebates to professional traders up to 20% according to trading volume on forex, indices, and commodities.
  • Negative balance protection is something you will lose as a professional trader with IG Markets.
  • Professional traders benefit from prioritized speed and likelihood of execution with IG Markets, rather than price and cost of the transaction.
  • IG Markets also offers a Select account for premium features such as no Friday night sweep, reduced margins, and dedicated support for closing positions.
IG Markets Pros and Cons

Advantages of IG Markets

The advantages of IG Markets are listed below.

  • Low spreads from 0.6 pips on Forex
  • Wide range of financial instruments
  • 40 years of experience in the Forex industry

Disadvantages of IG Markets

The disadvantages of IG Markets are listed below.

  • No copy trading features
  • No social trading features

6. Forex.com

Forex.com offers leverage up to 1:400 for professionals. Professionals trade on more than 4500 CFDs. Forex.com provides monthly cash rebates. Professionals access DMA accounts with zero spread and reduced commissions.

82
InvestinGoal Rating
  • Regulations:
    FSA, FCA, CFTC, MIFID-ESMA, CIRO, SFC, CYSEC, CIMA (Cayman Islands)
  • Avg. EUR/USD Spread:
    1.3 pips
  • Platforms:
    MT4, Proprietary Platform
Minimum Deposit: $100
Demo account available
Visit Forex.com
73%-77% of retail investor accounts lose money when trading CFDs with this provider
About Forex.com

FOREX.com is a global forex and CFD broker founded in 2001, offering trading on currencies, commodities, indices, stocks, and cryptocurrencies. FOREX.com provides proprietary platforms alongside MetaTrader 4 and 5. FOREX.com is regulated by multiple top-tier authorities including FCA, ASIC, and CFTC. FOREX.com is known for competitive spreads, fast execution, and extensive educational resources. FOREX.com serves over 450,000 clients worldwide. The FOREX.com’s parent company “StoneX Group Inc.” CEO is Sean O’Connor.

Forex.com Features

The features of Forex.com are listed below.

  • With Forex.com you will have access to a professional account with leverage of up to 1:400, if you are trading under FCA oversight.
  • Forex.com offers trading on over 4500 CFDs including more than 80 forex pairs.
  • Forex.com Pro account under FCA doesn’t provide for Negative Balance Protection, but you will be eligible for monthly cash rebates instead.
  • Experienced traders only can access a Forex.com DMA account with no spread, only a standard commission which may get reduced according to your trading volume.
  • Under CFTC regulation, Forex.com active traders can open an STP Pro Trading account with no additional mark-ups and volume discounts the more you trade.
  • Forex.com’s STP Pro account gives you access to very deep liquidity as an advanced trader displayed in real time
  • You will also be able to benefit from their Active Trader program and get cash rebates up to $10 per lot traded.
Forex.com Pros and Cons

Advantages of Forex.com

The advantages of Forex.com are listed below.

  • Regulatory Assurance
  • Low Forex Fees
  • Comprehensive Educational Resources

Disadvantages of Forex.com

The disadvantages of Forex.com are listed below.

  • Limited Product Portfolio
  • Higher Spreads on Standard Accounts
  • No Guaranteed Stop-Loss Orders for U.S. Clients

7. AvaTrade

AvaTrade provides up to 1:400 leverage to professional clients. Professionals trade over 1000 assets. AvaTrade fixes spreads and reduces them for pro traders. AvaTrade excludes negative balance protection.

92
InvestinGoal Rating
  • Regulations:
    FSA, MIFID-ESMA, ASIC, CIRO, FSCA, BVI (British Virgin Islands)
  • Avg. EUR/USD Spread:
    0.9 pips
  • Platforms:
    Mirror Trader, ZuluTrade, MT4, MT5, Proprietary Platform, MAC Platforms
Minimum Deposit: $100
Demo account available
Visit AvaTrade
76% of retail investor accounts lose money
About AvaTrade

AvaTrade is a global forex and CFD broker founded in 2006 and headquartered in Dublin, Ireland. AvaTrade offers trading on currencies, commodities, indices, stocks, bonds, ETFs, and cryptocurrencies. AvaTrade provides proprietary platforms alongside MetaTrader 4 and 5. AvaTrade is regulated by multiple authorities including CySEC, ASIC, and FSA. AvaTrade serves over 300,000 clients worldwide. AvaTrade is known for competitive spreads and extensive educational resources. The AvaTrade CEO is David Dryzin since 2016.

AvaTrade Features

The features of AvaTrade are listed below.

  • AvaTrade pro account is available for EU, UK, and Australian clients.
  • You will find leverage of up to 1:400 available to professional clients with AvaTrade.
  • You can find over 1000 tradable assets with AvaTrade including more than 55 forex pairs.
  • Pro traders can still benefit from fixed spreads offered by AvaTrade and boost trading with reduced spread from 0.6 pips on EUR/USD.
  • AvaTrade professional traders are not covered by the negative balance protection.
  • There are no rebates offered to high-volume traders with AvaTrade.
AvaTrade Pros and Cons

Advantages of AvaTrade

The advantages of AvaTrade are listed below.

  • Tight fixed spreads from 0.6 pips (0.9 pips for retail traders)
  • The mobile apps are well designed
  • Can be connected to ZuluTrade and Duplitrade

Disadvantages of AvaTrade

The disadvantages of AvaTrade are listed below.

  • High inactivity fees
  • The demo account is limited to 30 days

8. Oanda

Oanda grants professional traders leverage up to 1:100. Professionals trade over 100 CFDs. Oanda excludes negative balance protection but offers rebates and margin relief.

81
InvestinGoal Rating
  • Regulations:
    FSA, MAS, FCA, CFTC, MIFID-ESMA, ASIC, CIRO
  • Avg. EUR/USD Spread:
    0.1 pips
  • Platforms:
    MT4, MT5, Proprietary Platform, MAC Platforms
Minimum Deposit: $0
Unlimited demo account available
Visit Oanda
CFDs are not available to residents in the United States
About Oanda

OANDA is a global multi-asset broker founded in 1996, offering trading on forex, CFDs, commodities, indices, and cryptocurrencies. OANDA provides proprietary platforms and API solutions. OANDA is regulated by multiple authorities including FCA, ASIC, and MAS. OANDA is known for competitive spreads, fast execution, and currency data services. OANDA serves both retail and institutional clients worldwide. The Oanda Chief Executive Officer is Gavin Bambury since August 2019.

Oanda Features

The features of Oanda are listed below.

  • Professional traders can access leverage of up to 1:100 with Oanda.
  • You can trade over 100 CFDs with Oanda, including more than 70 forex pairs.
  • Oanda offers professional traders an additional 50% margin relief when placing a guaranteed stop-loss order, stop-loss order, or trailing stop loss
  • You will not benefit from negative balance protection as a professional trader with Oanda.
  • Professional traders with Oanda under NFA regulation also have access to the Oanda Advanced Trader program for up to a $15 per million rebate or a $15 per million commission reduction.
  • Rebates and reduced commissions are only available for pro traders on Oanda Core pricing account with a spread from 0.1 pips + a $3.5 commission per side.
  • A VPS for pro traders is also provided for free through the Oanda Advanced Trader program.
Oanda Pros and Cons

Advantages of Oanda

The advantages of Oanda are listed below.

  • Comprehensive Platforms
  • Robust Education
  • Highly Regulatory Trust

Disadvantages of Oanda

The disadvantages of Oanda are listed below.

  • Higher Spreads
  • Proprietary Platform Limitations
  • Inactivity Fees

9. Interactive Brokers

Interactive Brokers provides leverage up to 1:400. Professionals access over 10,000 CFDs. Interactive Brokers exclude negative balance protection but offer reduced costs and API access.

80
InvestinGoal Rating
  • Regulations:
    MAS, FCA, CFTC, MIFID-ESMA, ASIC, CIRO, SEC, CYSEC
  • Avg. EUR/USD Spread:
    0.2 pips
  • Platforms:
    Proprietary Platform, MAC Platforms
Minimum Deposit: $0
Demo account available
Visit Interactive Brokers
74-89% of retail CFD accounts lose money
About Interactive Brokers

Interactive Brokers is a global electronic broker founded in 1978, offering trading in stocks, options, futures, forex, bonds, ETFs, and cryptocurrencies across 150 markets in 33 countries. Interactive Brokers provides advanced trading platforms, low commissions, and access to a wide range of financial instruments. Interactive Brokers is known for its sophisticated technology and serves both retail and institutional clients. Interactive Brokers is regulated by multiple top-tier authorities worldwide. The CEO of the Interactive Brokers Group is Milan Galik.

Interactive Brokers Features

The features of Interactive Brokers are listed below.

  • Trading with Interactive Brokers as a professional trader, you can expect leverage of up to 1:400.
  • Interactive Brokers provides access to over 10,000 tradable CFDs with more than 100 forex pairs.
  • Costs of trades are lower as a professional trader with Interactive Brokers up to 0.08 pips on forex according to your trading volume.
  • You will though miss out on negative balance protection if you are trading as a pro with Interactive Brokers.
  • US traders with Interactive Brokers, under SEC regulation, have access to the IBRK Pro account for active traders with no minimum deposit nor inactivity fees.
  • With an IBRK Pro account you can access the exclusive IBKR API with IB Smart Routing enabled for the best execution.
Interactive Brokers Pros and Cons

Advantages of Interactive Brokers

The advantages of Interactive Brokers are listed below.

  • Low Trading Fees
  • Advanced Trading Tools
  • Wide Market Access

Disadvantages of Interactive Brokers

The disadvantages of Interactive Brokers are listed below.

  • Not user-friendly
  • No MetaTrader Support
  • Additional Fees

10. Saxo

Saxo offers professional clients leverage up to 1:66. Professionals trade over 40,000 CFDs. Saxo provides a Guarantee Fund but excludes Negative Balance Protection.

82
InvestinGoal Rating
  • Regulations:
    FSA, MAS, FINMA, FCA, MIFID-ESMA, ASIC, SFC, FSCA, DFSA, CYSEC
  • Avg. EUR/USD Spread:
    0.6 pips
  • Platforms:
    Proprietary Platform, MAC Platforms
Minimum Deposit: $0
Demo account available
Visit Saxo
65% of retail investor accounts lose money
About Saxo

Saxo is a Danish investment bank and online trading platform founded in 1992. Saxo offers trading in forex, stocks, CFDs, futures, options, and other financial instruments across global markets. Saxo provides proprietary trading platforms and white-label solutions for institutional clients. Saxo is regulated by multiple authorities including the Danish FSA and UK FCA. Saxo serves retail and institutional clients in over 170 countries. The Saxo CEO and co-founder is Kim Fournais.

Saxo Features

The features of Saxo are listed below.

  • Saxo provides a professional account to elective professional clients.
  • Elective professional clients with Saxo have leverage available up to 1:66 on major forex pairs (with the exception of traders from Singapore with a leverage up to 50:1 and in Australia is up to 67:1).
  • You can trade on over 40,000 CFDs including more than 185 forex pairs, even though the amount may change according to the Saxo’s entity you register with.
  • Professional traders are still protected with a Guarantee Fund with Saxo.
  • Negative Balance Protection is not in place for professionals at Saxo.
  • As a Professional client, you can use a percentage of your shareholdings as collateral for margin trading with Saxo.
  • Certain products and risk-management features are only available to Professional Investors and you may be invited to give feedback to Saxo on new products.
Saxo Pros and Cons

Advantages of Saxo

The advantages of Saxo are listed below.

  • Regulation and Trust
  • Extensive Product Range
  • Advanced Trading Platform

Disadvantages of Saxo

The disadvantages of Saxo are listed below.

  • High Minimum Deposits for Premium Accounts
  • Lack of Spread Betting Options
  • Custody Fees in Certain Regions

How to become a professional forex trader

In every major regulatory area, including the EU, UK, AustraliaCanada, and others, there are requirements you will need to meet to be designated a professional trader. These typically relate to trading in high volumes, having experience with managing large amounts of money, and having professional financial work experience in the forex/CFD area.

Using ESMA for EU regulations as an example, you must meet at least two of the following requirements:

  • Have working experience in the field of forex or CFD (or related fields) of at least 1 year
  • Opened at least ten significantly sized transactions per quarter during the past year
  • Have a financial portfolio exceeding 500,000 EUR in value

How long does it take to become a professional forex trader?

An average forex trader takes at least 2 years of continuous practice, time and dedication to become a professional forex trader.

Forex traders must:

  • Control emotions while trading to avoid closing positions out of fear
  • Know how to control risk to earn more than they will lose
  • Know the market to understand how a certain thing can move the prices
  • Know when and how to stop to avoid being too greedy or keep trading on a bad day

The best steps to follow for getting started are listed below:

  1. Openforex demo account to get a grasp of forex trading in a risk-free environment.
  2. Start studying and trading at the same time. You can apply for a forex trading course or use online content such as babypips and lots of other great educational forex content.
  3. Open a low-budget trading account so you are not risking huge amounts of money. You can use cent accounts for this purpose.
  4. Open a regular brokerage account with a forex broker when you feel ready to engage in full live trading.

How much do professional forex traders make?

Professional forex traders on average try to achieve a profit of 5-15% per month. This means that on a $10,000 account, they try to generate between $7,000 to $36,500 per year taking into account the compound income.

However, being a professional in no way guarantees that you will make a profit. Being a professional only refers to the trading methodology used, not to the amount of profits, which are never guaranteed.