Pepperstone
Visit Pepperstone
74-89% of retail investor accounts lose money when trading CFDs
Our Top Picks
-
-
Vantage
Visit Vantage74-89% of retail CFD accounts lose money -
FP Markets
Visit FP Markets74-89% of retail CFD accounts lose money -
XM
Visit XM77,37% of retail investor accounts lose money -
FxPro
Visit FxPro72.87% of retail investor accounts lose money -
EasyMarkets
Visit EasyMarkets75% of retail investor accounts lose money -
Interactive Brokers
Visit Interactive Brokers74-89% of retail CFD accounts lose money -
Saxo Bank
Visit Saxo Bank72% of retail investor accounts lose money
A forex broker for big accounts typically refers to a forex (Foreign Exchange) brokerage firm that caters to high net-worth individuals (HNWIs) or institutional clients who trade with large volumes of currency.
These brokers often offer a distinct set of services compared to retail forex brokers, tailored to the needs and demands of larger traders.
The definition of a ‘big account’ is not tied to a particular figure, and can vary from broker to broker. Generally, the major brokers consider a big account to be several tens of thousands of dollars or more.
In this article you will find some of the the best forex brokers offering big accounts. In order to choose the best brokers we have taken into consideration:
- The minimum deposit
- Trading features of big accounts
- If professional accounts were available
Table of Content
Round-up
| BROKERS | DEPOSIT FEES | WITHDRAWAL FEES | REBATES PROGRAM |
|---|---|---|---|
| Pepperstone | No | No | Yes |
| Vantage | No | No | Yes |
| FP Markets | No | No | Yes |
| XM | No | No | Yes |
| FxPro | No | No | No |
| easyMarkets | No | No | No |
| Dukascopy | No | No | No |
| Interactive Brokers | No | No | No |
| Swissquote | No | No | No |
| Saxo Bank | No | No | Yes |
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.
What are the best forex brokers for big accounts?
Below is our discerningly curated selection of the best forex brokers tailored for big accounts, underscoring their paramount features and strengths.
- Pepperstone is a great choice for high volumes traders because of the VIP treatment offered through their active trader program.
- The active trader program is highly regarded among big traders and can lower the trading cost by as much as 15% along with rebates and other benefits.
- Pepperstone allows a Professional account for EU and ASIC clients, where clients are able to benefit from a number of perks such as leverage as high as 1:500 on certain instruments, premium rewards, and a dedicated Relationship Manager.
- Pepperstone also provides spreads from 0 pips and very low trading costs overall for their big clients.
74-89% of retail investor accounts lose money when trading CFDs
- Vantage offers a big account, which is the Vantage Pro ECN account with a minimum deposit from $20,000.
- Vantage provides under this account more than 150 CFDs available, including 40 forex currency pairs trading, all via the MT4 and MT5 platforms.
- The Vantage Pro ECN account charges spreads from 0 pips and a commission of $2 per lot traded and many other benefits if you do have a big account.
- A Vantage Professional Account is also in place for EU and ASIC expert clients: they get access to higher leverage up to 500:1 and greater execution speeds.
- If you are interested in trading under FP Markets with big accounts, these are available with their IRESS platform.
- The minimum deposits requested go from $1,000 to $50,000.
- Through these accounts, you will be facilitated to trade a range of assets including 10.000+ stock CFDs and high-level trading tools.
- Competitive trading and minimal commissions are kept throughout all the trading activities.
- When it comes to big account trading, the biggest offered by XM is their shares account.
- The XM shares account comes with a $10,000 minimum deposit.
- As the name suggests, the offer of this XM account consists of 1150+ CFD shares assets, with commissions from $1 (US Shares) up to $9 (UK Shares).
- XM Shares account does not allow fractional shares.
- Remember that the availability here depends on your location. Only FSC clients can access this account and share trading.
- Traders who are interested in opening a large account can look into FxPro’s VIP Premium Account.
- Only FxPro traders who deposit $50,000+ are eligible for the service.
- This account type provided by FxPro offers traders a dedicated account manager, no deposit or withdrawal fees, free VPS, discount on spreads, and daily market analysis.
- Moreover, the FxPro VIP account allows a 30% commission on cTrader accounts.
- easyMarkets offers the VIP account for big account traders, which can be opened with a $10,000 minimum deposit.
- Under this account, big clients will receive a host of benefits. These include access to your own personal market analyst, tighter spreads, and lower costs.
- 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.
- Note that also Professional accounts are available for easyMarkets EU clients. If conditions are met, clients have access to MT4, MT5 and webtrader platforms with higher leverage, no slippage, free guaranteed stop loss, and negative balance protection still in place.
- Dukascopy is another good choice for big traders, since the accounts offered range in terms of the minimum deposit needed from $100, through to $1,000, and up to $100,000 on the biggest accounts.
- The more Dukascopy big traders deposit, the more perks they can get, including bank guarantees and SWFX technology.
- The Dukascopy 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.
83% of retail CFD accounts lose money
- Big traders with Interactive Brokers 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 1 pips and other trading costs that are kept as low as possible and can also reduce based on the size of your account opening.
- IBKR Professional accounts can also be opened under the EU entity. When conditions are met, clients can benefit from higher leverage and more.
- SwissQuote offers 3 accounts for big traders: Premium, Prime, and Elite.
- The minimum deposit is $1,000, $5,000, and $10,000 for the Premium, Prime, and Elite accounts respectively.
- All accounts provide more than 130 forex and CFD assets as well as securing reduced trading costs the higher your deposit is.
- A professional account with the same 10.000$ is in place under the EU entity and clients can look forward to even more great benefits.Once eligible, higher leverage up to 400:1 and competitive pricing from 0 pips can be used.
79% of retail investor accounts lose money
- Saxo Bank is ideal for big traders, which will find 3 account types designed for them.
- Classic for normal retail traders with a $2000 minimum deposit; Platinum with a $200,000 minimum deposit; VIP which requires a minimum of $1,000,000 funding.
- All of those accounts have several benefits, with the VIP account presenting the biggest number of perks including a personal manager and low prices.
- They provide 60,000+ assets including bonds, mutual funds, and 182 forex pairs with a spread from 0.4 pips.
- Saxo Bank provides Professional accounts as well for EU clients who meet their conditions. These include higher leverage up to 66:1 and the management of the ICF Compensation Fund.
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.
How to choose a forex broker for big accounts
Choosing a forex broker for sizable accounts demands particular attention to certain factors to ensure the safety and efficiency of trades. Here’s a guide to making an informed choice:
Regulation: The foremost consideration when selecting a broker for big accounts is the regulatory environment they operate within. It’s paramount to protect your substantial investments by ensuring that the forex broker is regulated by a credible authority. Opt for brokers overseen by the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC) in Australia, or a reputable European body certified by the European Securities and Markets Authority (ESMA), such as the Cyprus Securities and Exchange Commission (CySEC). Regulatory oversight not only guarantees that the broker adheres to a certain standard of ethical practices but also provides a safety net in case of disputes or insolvencies.
Withdrawal and Deposit Fees: Managing a large account means more substantial deposits and withdrawals, which brings fees into sharp focus. The costs associated with transferring substantial amounts can be significant, especially if a broker charges a percentage-based fee. As the volume of transactions increase, the costs can escalate proportionally with percentage-based charges. Hence, it’s essential to look for brokers that offer fixed fees for deposits and withdrawals. This ensures clarity on transaction costs, regardless of the volume, and can result in significant savings in the long run.
In conclusion, when maneuvering the complex world of forex with a large account, prioritizing regulation and understanding fee structures are crucial steps. These ensure that not only is your investment safe, but you also get the best value for every transaction you undertake.
About The Author
Filippo Ucchino
Co-Founder - CEO - Broker Expert
Filippo is the co-founder and CEO of InvestinGoal.com. He has 15 years of experience in the financial sector and forex in particular. He started his career as a forex trader in 2005 and then became interested in the whole fintech and crypto sector.
Over this time, he has developed an almost scientific approach to the analysis of brokers, their services, and offerings. In addition, he is an expert in Compliance and Security Policies for consumers protection in this sector.
With InvestinGoal, Filippo’s goal is to bring as much clarity as possible to help users navigate the world of online trading, forex, and cryptocurrencies.
10 Best Forex Brokers For Big Accounts for 2023
Related Top10
