4 Best Forex Brokers with Big Accounts for 2024

List of Top Forex Brokers with Big Accounts

What are the benefits of a big account in forex trading?

The forex broker industry is now more competitive than ever. This has led to brokers offering accounts catering to all types of traders – from small to big account holders. The definition of a “big account” varies, often based on the size of trading funds or the volume of trades. Typically, numerous benefits are associated with these types of accounts.

Big account holders are usually offered a broader range of products, premium services, more favorable fees, and dedicated customer support. Access to these benefits often requires substantial funds or a high level of trading activity. However, the criteria for what is considered ‘large’ can differ significantly among brokers, making big account benefits more attainable than one might assume.

How did FXEmpire select the Best Forex Brokers with Big Accounts?

• We only selected brokers with a top overall score from our proprietary rating system.
• We verified whether the broker offers big accounts through the required minimum deposit or trading volume.
• We ensured that these big accounts provide a wide range of tradable assets and instruments.
• We tested the broker’s spreads by opening a live trading account and comparing them with the industry average to ensure they are competitive and transparent.
• We examined the availability of high-grade trading tools and premium services for big account holders.
• We checked for a range of feature-rich trading platforms that are easy to access and use.
• We verified the regulatory licenses for each jurisdiction where the broker operates.

Using FX Empire’s comprehensive methodology, our team of experts has identified the best forex brokers offering big accounts for this year. Here’s how we test.

Now let’s explore the selected brokers.

How to Choose a Forex Broker with a Big Account?

Here is a quick guide on choosing a forex broker with a big account.

1. Is the broker well-regulated?

When trading with a broker that offers a big account, you will likely be holding sizeable funds with them. Some of the top brokers featuring big accounts on this page provide VIP accounts with a minimum deposit of $1,000,000. Therefore, it is crucial to trade with a regulated broker and stay well clear of unregulated brokers.

Regulated brokers provide the highest level of safety for your funds. Being overseen by governmental financial authorities, these brokers are required to adhere to strict rules regarding the handling of your funds. However, it’s important to note that not all regulated brokers are created equal. In our broker rating reviews, we classify regulators into three tiers:

• Tier-1 regulators encompass well-known financial authorities operating in established financial jurisdictions. Examples include the FCA, CySEC, ASIC, IIROC, and others.
• Tier-2 regulators are less widely recognized but still operate in reputable financial regions. Examples include the DFSA, FMA, FSCA, and others.
• Tier-3 regulators are generally based in offshore countries and include entities like the VFSC, BVI FSC, SCB, and others.

Choosing a broker regulated by a Tier-1 regulator is recommended for big accounts, as they provide the highest level of investor protection. For instance, brokers regulated by the UK FCA, IIROC, CySEC, and ASIC are legally obligated to segregate client funds from their own, ensuring that client deposits are not utilized for business operations.

Additionally, they enforce a negative balance protection policy to prevent a retail client’s account from entering negative territory in adverse market movements. It’s important to note that if you are categorized as a professional trader, then you may lose this right.

Certain regulators, such as the FCA, IIROC, and CySEC, take it further by mandating brokers to participate in compensation schemes. These schemes can cover client deposits up to a specified amount in the event of the broker’s bankruptcy.

To verify your broker’s regulatory status, carefully review the legal terms and conditions and consult the regulator’s register in the country of operation. Read more about best regulated forex brokers in our comprehensive guide.

2. Are the fees transparent and competitive?

When choosing a forex broker for big accounts, it is essential to assess the broker’s fee structure carefully. Here are several key fees to be aware of:

• Spread: The difference between a financial instrument’s buy and sell prices. See our guides on the best zero spread and best lowest spread forex brokers.
• Commission: The fee incurred for executing a buy or sell transaction.
• Overnight or Swap Fee: The cost of holding a leveraged or margined position overnight. Find the list of the lowest swap brokers in our detailed guide.
• Payments: Fees linked to depositing or withdrawing funds.
• Inactivity: A charge applied when there is no trading activity within a specified period.

You can confirm a broker’s fee structure by reviewing the account or fee page on their website or by contacting customer support. For big account holders, brokers often offer lower trading fees compared to regular account holders, but it’s always worthwhile to check the account page for specifics.

With some brokers, you have the option to negotiate your fees if your capital size is large enough or if you maintain a high trading volume. Consider speaking with your dedicated personal relationship manager, if available, or reaching out to customer support.

3. Which account type is best?

Most brokers offer a variety of account types to attract different traders, including both big and small account holders. Fortunately, brokers typically don’t impose restrictions, allowing you to open different types of accounts as needed.

While a big account may come with lower fees, higher leverage, and other benefits, it’s important to note that you might be limited to certain asset classes or instruments. Additionally, being categorized as a professional trader could mean losing some investor protections.

It’s crucial to consider what matters most to you before choosing an account type. While a big account may offer additional trading tools, assess whether you truly need them and if you’re willing to forgo access to other products or investor protections to use them.

Ideally, trading with a broker that offers the best fees, a comprehensive set of trading tools, and the highest level of investor protection would be most advantageous. Leverage the expertise of FX Empire analysts by reviewing each broker in the rating reviews section and examining the broker’s account page on its website.

4. How much leverage is available?

When trading a big account with a broker, they will likely offer higher leverage than a typical retail trader account. Leverage is the ability to control a large position using a small deposit and has the effect of magnifying losing and winning trades.

For instance, leverage of 1:30 means you can open a position worth $30 with just a $1 deposit, allowing you to control a position thirty times the size of your deposit.

Tier-1 regulators such as the FCA, CySEC, ASIC, and IIROC have restricted retail trading leverage to 1:30. Big account holders may be offered higher leverage of 1:100 or more. This can be helpful, but only when used correctly.

It’s important to understand that when trading on leverage, your profit and loss are calculated based on the total trade value, not just the margin deposited. If your account lacks sufficient capital to manage the larger position, the broker may issue a margin call. In such a scenario, the broker will automatically close your trades, potentially resulting in unexpected losses.

For traders seeking high-leverage options, FX Empire offers a list of the best forex brokers with high leverage, carefully selected to suit specialized trading needs.

5. What trading platforms are available?

To access the financial markets, a trading platform is essential. It needs to be fast and secure and offer a comprehensive set of features and tools. Some of the most common trading platforms include:

• MetaTrader 4 (MT4): A dependable platform featuring real-time charts, advanced order tickets, diverse timeframes, and built-in technical analysis indicators and drawing tools.
• MetaTrader 5 (MT5): An enhanced version of MT4, providing additional execution styles, order types, timeframes, and indicators.

Check out our dedicated guides on best MT4 brokers and best MT5 brokers.

• cTrader: Geared towards high-frequency, algorithmic traders and scalpers, cTrader is designed for fast-timeframe, short-term trading. Read more about best cTrader brokers.
• TradingView: A web-based social trading platform with advanced research and charting capabilities spanning all asset classes worldwide. See our detailed list on the best TradingView brokers.
• In-House Proprietary Software: Some brokers develop their proprietary platforms, which may offer more features compared to third-party platforms.

I prefer brokers that offer multiple platforms accessible across various devices. This strategy ensures that in the event of issues with one platform or device, I can seamlessly switch to an alternative, ensuring continuous management of my account.

Brokers may also offer big account holders other trading tools and options to elevate their trading experience. Research the broker’s offering fully and contact your relationship manager or customer support team for more information on what is available. You can also check out our dedicated guide on best forex trading platforms.

What to avoid when choosing a forex broker with a Big account?

When choosing a forex broker with a big account, be cautious of the following:

• Unregulated Brokers: Trading with an unregulated broker carries significant risks. In case of fraudulent activities, there are no protective measures to assist in recovering lost or stolen funds.
• Lack of Transparency: Difficulty comprehending and verifying a broker’s regulatory status, trading fees, and terms suggests a lack of transparency. Do not trust your capital with such brokers, as they may be trying to hide something.
• No Physical Presence: Brokers lacking a physical office and staff in a reputable region is a major red flag. Reputable brokers typically maintain offices in well-known financial regions and employ a substantial workforce to run their operations and support your trading activity.
• Unrealistic Profit Promises: Brokers that make exaggerated and unrealistic promises of substantial profits are being dishonest. It’s essential to recognize that all trading involves inherent risks.

How to avoid forex and CFD scams?

Here are some guidelines to prevent falling prey to forex and CFD scams:

• Only trade with Tier-1 regulated brokers as they provide the highest level of investor protection.
• Validate the presence of a physical office in a jurisdiction governed by a robust regulatory framework.
• Ensure there are multiple channels to access live customer support to address any issues promptly.
• Conduct your own due diligence by reviewing online news articles and broker reviews to gather information about the broker’s reputation.
• Only use trusted payment methods you recognize and have heard of.
• Read the terms and conditions carefully to understand your agreement with the broker.

And if you are still uncertain, you can always check out our database of reviews to find the most reliable brokers.

Our Methodology

To identify the best forex brokers with big accounts, we evaluated brokers using our proprietary rating system, which analyzes 250 data points across nine core categories:

• Trustworthiness: We verify the broker’s licenses and regulatory status with the relevant regulators in their jurisdiction.
• Fees: We test how competitive a broker’s trading fees are by opening a live account and comparing them to the industry average.
• Trading platform and tools: We assess the usability, features, and tools of the broker’s trading platforms.
• Tradable instruments: We examine the range of tradable instruments each broker offers to ensure a broad selection is available for trading.
• Customer support: We interact with the customer support team through various channels to evaluate their accessibility, knowledge, and helpfulness.
• Payment methods: We explore the different payment methods to check their associated fees and processing times.
• Account types: We review each account type to identify the execution method, minimum deposit requirements, and any additional features.
• Research and education: We explore the quality and depth of the research and educational materials provided by each broker.

We abide by our strict guidelines for editorial integrity based on the objective standards we have set for our reviews. You can read more about our review process here.

For this page, we also verified that each broker offers a big account with premium trading features, including higher leverage, lower fees, access to industry events, and more. Additionally, we ensured that each broker provides a diverse range of tradable instruments and a user-friendly trading platform.

Meet Our Writers

The team of forex and CFD writers and editors at FX Empire is composed of trading industry professionals and seasoned financial journalists. Our writers have been published on leading financial websites such as Investopedia and Forbes. In addition, they all have extensive trading experience.

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