Top 10 Best Forex Brokers For Big Accounts 2020

Filippo Last Updated: February 2019 10 min read
Top Rated:

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

We can help you.

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 2020

Here’s our ranking.

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76.5% of retail investor accounts lose money

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.

83
Rated: Excellent
security 91
cost 81
trading 70
education 100

Platforms: cTrader desktop, cTrader web, ZuluTrade, MT4 Dekstop, MT4 Web, MT5 Desktop, MT5 Web, MAC Platforms Regulations: FCA, ASIC Minimum Deposit: 200
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74-89% of retail CFD accounts lose money

2 Vantage FX

Vantage FX are one of the top forex brokers in Australia and they are quickly forging a growing reputation worldwide as an excellent broker choice if you are looking for big accounts. There is great value to be had for all traders with accounts starting from a minimum deposit of $200 with the broker, or $500 if you want to trade on an ECN account. There are also big account choices available though.

If you want a big account, the biggest available here is the Vantage FX Pro ECN account with a minimum deposit from $20,000. With the broker, there are more than 150 CFDs available and 40 of these are forex currency pairs trading through MT4 and MT5. The trading cost itself is also kept low. This starts out with a spread from 0 pips and a commission of $2 per lot traded and many other benefits if you do have a big account at Vantage FX.

75
Rated: Excellent
security 91
cost 77
trading 57
education 80

Platforms: ZuluTrade, MT4 Dekstop, MT4 Web, MT5 Desktop, MT5 Web, MAC Platforms Regulations: FCA, MIFID-ESMA, ASIC, Offshore Minimum Deposit: 200
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74-89% of retail CFD accounts lose money

3 FP Markets

FP Markets are another top Australian broker also making our list as one of the best if you are looking for trading on big accounts. They have a stellar reputation as one of the most trustworthy in the sector having been around since 2005. This market maker broker also provides for the fastest in terms of ECN/STP execution for your account and a highly competitive spread starting from 0 pips.

FP Markets make a range of account types available for trading and these start out at just a $100 minimum deposit on their standard account type. If you are interested in big accounts though, these are available with their IRESS platform and have minimum deposits ranging from $1,000 through to $50,000. Through these accounts you will be facilitated to trade a range of assets including stock CFDs that are available and all with very competitive trading costs and minimal commissions.

90
Rated: Excellent
security 77
cost 100
trading 100
education 79

Platforms: MT4 Dekstop, MT4 Web, MT5 Desktop, MT5 Web, Proprietary Desktop Platform, MAC Platforms Regulations: MIFID-ESMA, ASIC, CYSEC, Offshore Minimum Deposit: 200
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73.57% of retail investor accounts lose money

4 XM

XM is easily one of the most iconic forex brands and is the current sponsors of Olympian Usain Bolt. Today XM claims that 99.35% of their trades are completed in less than one second and they have more than 1,000 instruments to trade in. XM also have three different account types for trades which include the Micro Account (contract size limited to 1 lot = 1,000), Standard Account, and the XM Zero Account, which has spreads as low as 0 pips.

XM also stands out positively for offering great conditions to Islamic traders through their swap-free account.

When it comes to big account trading, the biggest offered by XM is their shares account with a $10,000 minimum deposit. The availability here may depend on your region and it is only for trading in shares, though it remains a popular choice among  big traders. XM also offer other account types for trading with CFDs that have lower deposit amounts.

75
Rated: Excellent
security 78
cost 81
trading 71
education 69

Platforms: MT4 Dekstop, MT4 Web, MT5 Desktop, MT5 Web, MAC Platforms Regulations: FCA, MIFID-ESMA, ASIC, CYSEC Minimum Deposit: 5
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75.54% of retail investor accounts lose money

5 FxPro

FxPro’s reputation precedes them when it comes to innovation, being the first broker to take on the highly popular cTrader. Traders who are interested in opening a large account can look into FxPro’s Premium Account, which they jokingly refer to as a VIP account. This account type offers traders a dedicated account manager, no deposit or withdrawal fees, free VPS, and daily market analysis. Only traders with $50,000 plus are eligible to the service. As one of the most regulated forex brokers to date, in 2017 FxPro was awarded ‘Most Trusted Forex Brand UK’ by Global Brands Magazine.

Along with being an award-winning broker, you can trade at FXPro through MT4, MT5, and cTrader with fixed and variable spreads available through MT4. Big account trading here comes with a host of benefits once you deposit $50,000. WIth this you will see a 30% reduction in trading costs, your own free VPS, and other perks that make FXPro a top choice for big account traders.

77
Rated: Excellent
security 94
cost 56
trading 67
education 100

Platforms: cTrader desktop, cTrader web, MT4 Dekstop, MT4 Web, MT5 Desktop, MT5 Web, Proprietary Desktop Platform, MAC Platforms Regulations: FCA, MIFID-ESMA, FSB, DFSA, CYSEC, Offshore Minimum Deposit: 100
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75% of retail investor accounts lose money

6 EasyMarkets

Easymarkets is another one of the top global brokers with a very well-trusted reputation among all levels of trader to be included in our listing of brokers that offer the top big accounts in the industry. They offer an extensive range of trading in a variety of assets that includes a massive 120 forex pairs to choose from. As a big account trader you will most likely be starting your journey with Easymarkets through their VIP account that brings with it a $10,000 minimum deposit.

With this account, you will receive a host of benefits as a big account holder. These even include access to your own personal market analyst who will help you to understand more about the markets and trading. As an easymarkets trader, you can also increase the level of your account at any time by holding a balance of more than $10,000 to become a VIP. Along with these benefits, the already excellent spread that starts at 0.9 pips on a standard account becomes even tighter to help further lower your trading costs.

74
Rated: Excellent
security 91
cost 82
trading 51
education 84

Platforms: Proprietary Web Platform Regulations: MIFID-ESMA, ASIC, CYSEC Minimum Deposit: 100
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83% of retail CFD accounts lose money

7 Dukascopy

Dukascopy is a Swiss forex broker that brings legendary Swiss banking into the mix too. Aside from opening a trading account, you can also open a bank account with them. On top of that, traders that deposit more than $100,000 USD will also receive a bank guarantee, ensuring your funds are safe. Dukascopy was also awarded ‘Best Forex Bank 2018’ by the China Forex Expo. Dukascopy is an excellent choice for those looking for security.

When it comes to trading, there are a range of account type choices with Duksacopy. These range in terms of the minimum deposit needed from $100, through to $1,000, and up to $100,000 on the biggest accounts. The cost of trading here is also very appealing to all types of traders, starting out with a spread from just 0.1 pips for the very best value.

78
Rated: Excellent
security 92
cost 57
trading 69
education 100

Platforms: Mirror Trader, Proprietary Web Platform Regulations: FSA, FINMA, FCA, MIFID-ESMA Minimum Deposit: 100
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74-89% of retail CFD accounts lose money

8 Interactive Brokers

Interactive Brokers is another forex broker that has brought bank-level security into the mix. Eligible traders can be added to their Insured Bank Deposit Sweep Program, which allows them to be insured up to $2,500,000 in FDIC insurance on top of an additional $250,000 SIPC coverage. Traders with Interactive Brokers are also able to earn revenue from their idle funds as well, paying market rate interest. Interactive Brokers has also been rated ‘Best Online Broker’ by Barron’s for eight consecutive years.

Big traders and others alike, can choose between two excellent account types that are both made available with no minimum deposit in place and very low fees. These are the IBKR Pro, and IBKR Lite accounts, with the Pro account being very well-suited to big traders. They have 105 forex pairs with a very low spread starting at  0.1pips and other trading costs that are kept as low as possible and can also reduce based on the size of your account opening.

70
Rated: Medium
security 94
cost 60
trading 49
education 80

Platforms: Proprietary Desktop Platform, Proprietary Web Platform, MAC Platforms Regulations: FCA, CFTC, MIFID-ESMA, IIROC, SEC, CYSEC, Offshore Minimum Deposit: 0
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79% of retail investor accounts lose money

9 Swissquote

Swissquote is a subsidiary of the Swissquote Bank and utilizes their seamless liquidity to give clients some of the best market access available today. Swissquote’s market access is so great, they also provide all-inclusive solutions to other brokers, banks, hedge funds, and financial institutions. Swissquote is also an official global partner of Manchester United FC. If you’re looking for a broker with access so great they lend it to other brokers, Swissquote is for you. Swissquote is one of the most ideal choices if you are looking for a big account to trade with. They have three types available.

These accounts start out with minimum deposits ranging from $1000 through to $5000, and $10000 for the Premium, Prime, and Elite accounts respectively. They also provide access to more than 130 forex and CFD assets as well as securing reduced trading costs the higher your deposit is. Also, if you do qualify for an elite account as a professional trader, you can look forward to even more great benefits.

77
Rated: Excellent
security 93
cost 63
trading 61
education 100

Platforms: ZuluTrade, MT4 Dekstop, MT4 Web, MT5 Web, Proprietary Web Platform, MAC Platforms Regulations: FINMA, FCA, MIFID-ESMA, SFC, DFSA Minimum Deposit: 542
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72% of retail investor accounts lose money

10 Saxo Bank

Saxo Bank is another forex broker that doubles up as a bank, using its own liquidity to execute orders as well as other providers. They offer a total of nine account types, though their primary account types for large accounts are: Classic for normal retail traders; Platinum for those who have over £50,000, or; VIP which requires a minimum of £1,000,000 funding. Saxo Bank also offers Client Money Protection, which adheres to FCA guidelines and ensures traders funds are safe. Saxo Bank is ideal then, for big traders. They also provide for a huge range of assets including bonds, mutual funds, and 182 forex pairs with a spread from 0.4pips.

Trading takes place through their own platform and there are 3 account types available with deposits starting from $25,000. These move to $200,000, and $1,000,000 for some of the biggest accounts on the market. WIth increased deposits you will benefit from improved spreads, direct contact with the Saxo Bank team, and more.

75
Rated: Excellent
security 93
cost 56
trading 61
education 100

Platforms: Proprietary Desktop Platform, Proprietary Web Platform, MAC Platforms Regulations: FSA, MAS, FINMA, FCA, MIFID-ESMA, ASIC, SFC, FSB, DFSA, CYSEC Minimum Deposit: 2000

What is a Big Account?

When we talk about a “big account” in fact there is no absolute definition on this in terms of how much the amounts should be, though when trading forex, it is generally accepted that a big account, or large account, is one which features a minimum deposit that is substantially higher than average.

This average for the sector is usually between $0-$1000 with the most common being around $100 -$200. Beyond this level, you may well be getting into big account territory.

It is another ball game again if you are an institutional or professional trader (as classified by ESMA regulation). In these cases, you may receive many additional benefits though minimum deposits here running as high as $500,000 for this tier of professional trader is not uncommon.


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