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A professional Forex trader is someone who uses price movement in the Foreign exchange currency market to make a profit.
Any Forex trader aims to win as many trades as possible and also to maximize those winning trades. A professional Forex chart technician uses price charts to analyze and trade the market.
As such, a professional Forex trader can be understood as someone who has acquired enough fundamental and technical knowledge to execute trades on this basis.
A professional trader may also be someone who almost exclusively earns an income from forex trading.
In this article, we explore the 27 best forex brokers for professionals, to identify those brokers which offer the best and most advanced trading conditions and resources.
Let’s get started with the full breakdown of the Forex Brokers for Professionals:
FxPro is a global and award-winning broker that offers CFDs on 6 asset classes: Forex, Shares, Spot Indices, Futures, Spot Metals, and Spot Energies. It was founded in 2006 that aims to reshape online trading.
It is the first broker to sponsor an F1 team in the year 2008 and has expanded exponentially in 2012. FxPro is voted as ‘Best Broker’ from the year 2015-2017 by the Financial Times.
 PROS |  CONS |
| A wide selection of market instruments | |
| Client funds stored in segregated accounts
Low trading fees |
| Feature | Information |
| Regulation | FCA, CySEC, FSCA |
| Minimum deposit from | $100 |
| Average spread from | 1.7 pips |
| Commissions from | $45 per million USD traded. |
| Deposit/Withdrawal Fees | 1.6% for debit and credit card |
| Maximum Leverage | 1:500 |
| Bonuses | None |
| Customer Support | 24/5 |
Pepperstone Group Limited was founded in Melbourne in 2010 by a team of experienced former traders. The company has grown rapidly over the last 10 years, expanding globally by opening offices in London, Shanghai, and Dallas.
This growth has come on the back of its commitment to providing customers with the latest in trading technology and superior customer service.
Through the use of low-latency trading software, it can provide retail investors with the same fast trade execution enjoyed by banks and large financial companies.
| PROS
No minimum deposit Low trading fees for forex No added costs for withdrawals or deposits | CONS
A limited number of instruments No additional research tools |
| Feature | Information |
| Regulation | FCA, ASIC |
| Minimum deposit from | AUD200 |
| Average spread from | 0.4 pips |
| Commissions from | $3.76 commission per lot per trade |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:500 |
| Bonuses | None |
| Customer Support | 24/5 |
Dukascopy is a Swiss broker with its own banking license. The mission of this broker is to offer a very professional Forex trading experience and every trader should be happy to make use of such a professional broker.
Dukascopy offers a nice selection of different platforms. There’s a Java-based WebTrader that allows you to trade without a download, at foreign PCs for example.
The platform that is used most at Dukascopy is JForex. This is their very own platform aimed at professional traders.
| PROS | CONS |
| Good choice for high volume traders
Comprehensive analytical tools Flexible trading on advanced platforms Good selection of currency accounts | High commission
Charges withdrawal fees High minimum deposit Charges inactivity fee |
| Feature | Information |
| Regulation | FINMA |
| Minimum deposit from | $100 |
| Average spread from | 0.3 pips |
| Commissions from | $49.5 per $1 million traded |
| Deposit/Withdrawal Fees | Varies depending on the method |
| Maximum Leverage | 1:200 |
| Bonuses | 10% Equity Bonus |
| Customer Support | 24/5 |
Admiral Markets investment firms functioning under the Admiral Markets trademark, are prominent online financial service providers.
They offer investment services for trading with foreign currencies as well as derivatives on indices, metals, energies, stocks, bonds, and cryptocurrencies.
Their adherence to providing access to highly functional software and quality assurance has made them the providers of the best trading experience.
Admiral Markets uses external auditors to reinforce its operational and internal processes to assure administrative compliance.
| PROS | CONS |
| Segregated client accounts | No fixed spread accounts |
| Advanced trading tools
Negative balance protection |
| Feature | Information |
| Regulation | FCA, ASIC, CySEC |
| Minimum deposit from | $100 |
| Average spread from | 0.6 pips |
| Commissions from | 0.01 USD (or the equivalent in another currency) per share per side |
| Deposit/Withdrawal Fees | 1% on e-wallets |
| Maximum Leverage | 1:500 |
| Bonuses | 50 EUR No Deposit Bonus |
| Customer Support | 24/5 |
OANDA offers FX and CDF trading in key indices and commodities via its global subsidiaries. The broker combines robust charting and extensive research tools across an array of trading platforms.
OANDA is one of the global leaders in forex and exchange markets. The broker offers forex and CFD trading to the individual as well as institutional traders. It also offers currency management solutions and exchange rates for international ventures.
| PROS
User-friendly trading platform Low minimum deposit Low trading fees | CONS
Lack of decent customer service High withdrawal fees Limited instruments for forex and CFDs |
| Feature | Information |
| Regulation | FCA, RFED |
| Minimum deposit from | None |
| Average spread from | 1.6 pips |
| Commissions from | USD 0.01 per trade |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:100 |
| Bonuses | None |
| Customer Support | 24/5 |
AMarkets, formerly known as AForex and operated by AMarkets LTD., is a leading broker which proves a wide variety of electronically traded products such as Forex, Metals, Commodities, Cryptocurrencies, Bonds and Equities CFDs.
AMarkets provides direct access to global markets and executes nearly 10,000 trades per day, equips clients with all necessary tools for self and algorithmic trading, as well as with robust money management solutions.
| PROS | CONS |
| Advanced trading platforms | Liberal regulation |
| Low minimum deposit | |
| High leverage |
| Feature | Information |
| Regulation | CRFIN |
| Minimum deposit from | $1 |
| Average spread from | 0.0 pips |
| Commissions from | $5 per lot on ECN accounts |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:500 |
| Bonuses | $30 No Deposit Bonus |
| Customer Support | 24/5 |
FXCM was established in the wake of modern forex trading in 1999. FXCM was originally a US broker yet it has since expanded its services to Europe, South Africa, and Australia.
FXCM’s sophisticated proprietary platform, Trading Station, offers all a trader can wish for, from analytical tools to powerful charts and automated strategies, as well as custom indicators.
| PROS
Excellent educational resources for beginner traders Low minimum deposit requirement Advanced research tools Excellent customer support | CONS
No Web Trader option available for trading platforms Rudimentary mobile trading platform Limited product portfolio |
| Feature | Information |
| Regulation | FCA, ASIC, ACPR, FSP |
| Minimum deposit from | $50 |
| Average spread from | 1.3 pips |
| Commissions from | £4 per standard round-turn lot (£2 per side) |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:400 |
| Bonuses | $20 Welcome Bonus |
| Customer Support | 24/5 |
Swissquote Bank launched over two decades ago in 1996 and not long after (2000) it became a publicly traded company on the SIX Swiss stock exchange, using the ticker symbol SQN.
Since that time, it has grown to over 340,000 client accounts throughout Europe and Asia.
When it comes to research and other tools, Swissquote comes out about average when compared with other brokers. Clients have access to free analyst reports via email and can get both fundamental and technical analyses.
| PROS | CONS |
| Comprehensive product portfolio
Solid reputation No additional forex fees | High trading fees |
| Feature | Information |
| Regulation | FCA |
| Minimum deposit from | None for a standard account |
| Average spread from | 1.6 pips |
| Commissions from | None |
| Deposit/Withdrawal Fees | $10 |
| Maximum Leverage | 1:400 |
| Bonuses | Refer a Friend Bonus |
| Customer Support | 8/5 |
Darwinex, in operation since 2012 and located in the UK, is a technology provider that enables traders direct market access to over 300 assets.
Their prime service remains in asset management, allowing traders to invest in thousands of strategies, while also being able to legally gain access to trading capital for a 15% performance fee.
| PROS | CONS |
| Competitive spreads
Three base currencies are available | You have to sign up either as a trader or an investor
20% performance fee Complicated account opening process |
| Feature | Information |
| Regulation | FCA |
| Minimum deposit from | $500 |
| Average spread from | 0.0 pips |
| Commissions from | 3.0 USD per lot round-trip |
| Deposit/Withdrawal Fees | 0.5% for Skrill |
| Maximum Leverage | 1:30 |
| Bonuses | None |
| Customer Support | 24/5 |
Vantage FX started its business operation in 2009 to offer trading to retail forex traders to experience an unparalleled trading experience. The main aim of the company is to provide a transparent trading environment in the forex market.
Vantage FX offers institutional grade liquidity from the world’s largest banks and financial institutes directly into MT4 and MT5. Therefore traders can have the absolute best bid and ask price from the available price.
| PROS | CONS |
| Well regulated
Good environment for beginner traders Has indemnity insurance | Limited range of tradable instruments |
| Feature | Information |
| Regulation | ASIC |
| Minimum deposit from | $200 |
| Average spread from | 1.35 pips |
| Commissions from | $3 added per side |
| Deposit/Withdrawal Fees | 20 units of trading account base currency |
| Maximum Leverage | 1:500 |
| Bonuses | 50% Welcome Bonus |
| Customer Support | 24/5 |
Interactive Brokers is a firm best-suited for experienced traders and active investors. Among that clientele, it is quite competitive.
It has managed to remain competitive because of its suite of tools, resources, and access to markets. IB’s highlights include its order execution system and mutual fund replicator.
| PROS | CONS |
| Wide range of products
Excellent research tools Well regulated | Complicated account opening process |
| Feature | Information |
| Regulation | FCA, ASIC, NYSE, SEC, FINRA, IIROC |
| Minimum deposit from | None |
| Average spread from | 0.1 pips |
| Commissions from | $0.65 |
| Deposit/Withdrawal Fees | Varies depending on the payment method |
| Maximum Leverage | 1:40 |
| Bonuses | None |
| Customer Support | 24/6 |
RoboMarkets offer a competitive and feature-rich service. The trading conditions are competitive with decent spreads and leverage along with the very responsive support and the large range of tradable instruments can make RoboMarkets and very compelling choice.
| PROS | CONS |
| Low forex fees
Easy and fast account opening Free deposit and withdrawal | No Negative Account Balance Protection
A limited number of available CFDs |
| Feature | Information |
| Regulation | ASIC |
| Minimum deposit from | $200 |
| Average spread from | 0.0 pips |
| Commissions from | None |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:500 |
| Bonuses | None |
| Customer Support | 24/7 |
FXTM, abbreviated from ForexTime, is an award-winning trading website that started its operations in 2011.
It was founded by the experienced trading expert Andrey Dashin. The company has received many different accolades over the past eight years. One of its latest achievements is winning in the category of Best Trading Experience at the 2019 World Finance Awards.
| PROS | CONS |
| Superb customer service | Inactivity and withdrawal fees |
| High maximum leverage | Limited product portfolio |
| Great educational tools |
| Feature | Information |
| Regulation | CySEC, FCA, FSCA |
| Minimum deposit from | $100 |
| Average spread from | 0.9 pips |
| Commissions from | No commission |
| Deposit/Withdrawal Fees | $3 |
| Maximum Leverage | 1:500 on average |
| Bonuses | $300 Trading Bonus |
| Customer Support | 24/5 |
eToro offers a premium portfolio management service called CopyPortfolios, which will copy multiple markets based on an investment strategy.
This can help you diversify your portfolio and cut your risks long-term without thinking much about it. And if you don’t want to trade your own currencies and make all the decisions, a Copy Portfolio is an easy way to invest without all the work.
| PROS
Advanced copy trading software Low minimum deposit No deposit fees | CONS
High withdrawal fees High trading fees for forex Only one base currency available for accounts |
| Feature | Information |
| Regulation | CySEC, FCA, ASIC |
| Minimum deposit from | $50 |
| Average spread from | 0.75 pips |
| Commissions from | No commission on stocks and ETFs |
| Deposit/Withdrawal Fees | $5 |
| Maximum Leverage | 1:30 |
| Bonuses | $50 Welcome Offer And $50 Per Referral |
| Customer Support | 24/5 – multilingual |
Markets.com is a worldwide Forex and CFD trading broker that was founded in 2010. It offers more than 2000 trading assets and over 2200 markets to trade
As an elective professional trader with a Markets.com professional account, you can access a range of unique advantages, such as increased leverage, preferential trading conditions, and your own dedicated personal account manager.
| Feature | Information |
| Regulation | CySEC, FCA, ASIC, FSC, FSCA |
| Minimum deposit from | $100 |
| Average spread from | 1.9 pips |
| Commissions from | 1% |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:300 |
| Bonuses | $25 No Deposit Bonus |
| Customer Support | 24/5 |
| Feature | Information |
| Regulation | FCA, CySEC, FSCA |
| Minimum deposit from | $100 |
| Average spread from | 1.7 pips |
| Commissions from | $45 per million USD traded. |
| Deposit/Withdrawal Fees | 1.6% for debit and credit card |
| Maximum Leverage | 1:500 |
| Bonuses | None |
| Customer Support | 24/5 |
FP Markets is a leading ASIC-regulated STP broker, providing tight spreads on their RAW account, coupled with the choice of MT4, MT5, and IRESS trading platforms.
In addition to the MetaTrader platforms, FP Markets supports a professional software choice called IRESS Trader.
IRESS Trader is an advanced institutional trading platform and FP Markets charges a monthly fee for the platform, but if you are an active trader and generate a commission for the broker by using the platform, the license fee is waived.
| PROS | CONS |
| Low forex fees | High stock CFD Fees |
| Streamlined and fast account opening process
Fast processing for deposits and withdrawals | Limited product portfolio |
AvaTrade has established itself as leading forex and CFD brokerage house and provides multiple platforms for algorithmic and social copy-trading.
This includes a proprietary web platform for ease-of-access to MetaTrader 4 and 5, AvaOptions, AvaTradeGO, ZuluTrade, and DupliTrade.
| PROS | CONS |
| A broad range of tradable instruments | High EURUSD and inactivity fees |
| MetaTrader 4 and 5 are available | |
| Excellent educational resources |
| Feature | Information |
| Regulation | Central Bank of Ireland, MiFID, ASIC, BVI |
| Minimum deposit from | $100 |
| Average spread from | 0.9 pips |
| Commissions from | No commission on Forex |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:400 |
| Bonuses | First Deposit Bonus |
| Customer Support | 24/5 – multilingual |
IQ Option is a forex brokerage company that is developed under the IQ Option Europe company. It is headquartered in Cyprus and was founded in 2013.
The IQ Option VIP Account consists of the features of the Real account and personalized features; the personalized features that they provide are a personal manager at the trader’s beck and call and a monthly report on the trading records of the trader.
| PROS | CONS |
| Well regulated
Low minimum deposit | Customer support can be unresponsive |
| Feature | Information |
| Regulation | CySEC |
| Minimum deposit from | $10 |
| Average spread from | Floating spreads from 0.01 pips |
| Commissions from | 0.6% |
| Deposit/Withdrawal Fees | $31 withdrawal fee for bank transfer |
| Maximum Leverage | 1:30 in EEA |
| Bonuses | None |
| Customer Support | 24/5 |
Established in 1983, City Index is a broker which offers a range of choices to the trader, from trading platforms to markets, providing both Spread Betting and CFD trading.
The broker offers professional traders the AT Pro platform, which has an expanded range of technical indicators (for charting analysis).
The platform allows the trader to build strategies that will provide exit and entry signals on the chart.
| PROS | CONS |
| Low trading fees
No fees for deposit and withdrawal Comprehensive research tools | Limited product portfolio |
| Feature | Information |
| Regulation | FCA, ASIC |
| Minimum deposit from | $100 |
| Average spread from | 1.5 pips |
| Commissions from | $3 |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:200 |
| Bonuses | Deposit Bonus |
| Customer Support | 24/6 |
Grand Capital is an international brokerage firm founded in 2006. The company’s offices operate in 40 countries of the world – in South Asia, Africa, Europe, CIS, India, Latin America.
Grand Capital offers spreads from 0.4 pips, low swaps, immediate order execution thanks to ECN technology, and high liquidity.
| PROS | CONS |
| The high amount of tradable assets | Limited educational resources |
| Competitive fees | |
| Advanced trading platforms |
| Feature | Information |
| Regulation | FinaCom |
| Minimum deposit from | $10 |
| Average spread from | 0.4 pips |
| Commissions from | None |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:2000 |
| Bonuses | $500 No Deposit Bonus |
| Customer Support | 24/5 |
TradeStation is a leading online brokerage facilitating the trade of stocks, options, and futures. Traditionally aimed at experienced traders, the broker offers a powerful trading platform and a range of advanced features.
TradeStation is one of the best direct access brokers. Users rate the comprehensive trading platform and the support for third-party add-ons. There are also extensive additional resources as well as customer support staff who can answer any questions.
| PROS | CONS |
| Great web and mobile platform | Customer service is lacking |
| Low stock and ETF fees | |
| Comprehensive educational tools |
| Feature | Information |
| Regulation | FINRA, CME, and SIPC |
| Minimum deposit from | $1 |
| Average spread from | 0.9 pips |
| Commissions from | 1% per trade |
| Deposit/Withdrawal Fees | $25 for wire transfers |
| Maximum Leverage | 1:100 |
| Bonuses | None |
| Customer Support | 24/5 |
Colmex Pro receives tremendous accolades in the choice of platforms aspect, as it offers numerous proprietary platforms for both equities and FX trading.
The proprietary Colmex Pro Trader is the pick of all trading platforms, which offers excellent market access, better charting functionalities, and a pleasing user interface.
| PROS | CONS |
| Advanced trading platforms | Limited demo accounts |
| Numerous trading strategies allowed | |
| Good execution speeds |
| Feature | Information |
| Regulation | CySEC, FSCA |
| Minimum deposit from | $500 |
| Average spread from | 0.9 pips |
| Commissions from | $1.5 |
| Deposit/Withdrawal Fees | Variable |
| Maximum Leverage | 1:30 |
| Bonuses | None |
| Customer Support | 24/5 |
HMS Markets is headquartered in Luxembourg, where it is fully regulated by the Commission de Surveillance du Secteur Financier Luxembourg (CSSF).
HMS TraderPro has some useful features including market analysis, price monitoring, and research functions, so clients have access to many handy tools all rolled into one interface.
| PROS | CONS |
| Wide variety of trading instruments | Low leverage |
| Advanced trading platforms |
| Feature | Information |
| Regulation | CSSF |
| Minimum deposit from | Not indicated |
| Average spread from | 2 pips |
| Commissions from | None |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:40 |
| Bonuses | None |
| Customer Support | 24/5 |
TD Ameritrade is a publicly traded online broker, boasting over 7 million users and processing approximately 650,000 trades each day. Its comprehensive offering facilitates trading in stocks, forex, futures, options, ETFs, and other securities.
Originally a standalone broker until TD Ameritrade took it over in 2009, Thinkorswim is considered the crown jewel in the platform offering.
Once you download this desktop platform, serious traders can benefit from all of the features found in Trade Architect, plus advanced trade capabilities. In fact, it is so sophisticated, that only TradeStation offers such a comprehensive platform.
| PROS | CONS |
| Large portfolio of investment products | High spreads |
| No commission fees | |
| No minimum deposit |
| Feature | Information |
| Regulation | NFA, SIPC, FINRA |
| Minimum deposit from | None |
| Average spread from | 2.0 pips |
| Commissions from | No commission |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 50:1 |
| Bonuses | Up to $600 cash promotion |
| Customer Support | 24/7 support |
CommSec offers a web-based trading platform and mobile apps for download. But perhaps one difference is that CommSec has an additional platform called CommSecIRESS Viewpoint.
This additional platform is available to CommSec One members, a category meant for active traders or those with huge investment capital. With CommSecIRESS Viewpoint, traders enjoy more market data and customizability.
| PROS | CONS |
| Relatively low minimum deposit | Limited account funding options |
| Comprehensive educational resources | |
| Chess-sponsored shares |
| Feature | Information |
| Regulation | ASIC |
| Minimum deposit from | $50 |
| Average spread from | Variable |
| Commissions from | $10 |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:500 |
| Bonuses | $100 Sign Up Bonus |
| Customer Support | 24/5 support |
Alvexo was founded in 2014 and is owned by VPR Safe Financial Group Ltd. Its headquarters are in Limassol, Cyprus, but the company also has an office in Paris.
Alvexo boasts over 450 tradable instruments and has thousands of clients worldwide, from France to Singapore and the UAE. The broker is the official partner of Norwich City FC.
| PROS | CONS |
| Well regulated | High minimum deposit |
| Segregated client funds | |
| Commission-free trading |
| Feature | Information |
| Regulation | CySEC, FCA |
| Minimum deposit from | $500 |
| Average spread from | 3.3 pips |
| Commissions from | None |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:300 |
| Bonuses | None |
| Customer Support | 24/5 support |
Abshire-Smith is a Forex and CFD broker that offers a broad range of tradable instruments in the financial markets ranging from currencies, commodities, equities, indices, and CFDs.
Abshire-Smith was conceived by a group of professional traders and investors who had realized the untapped potential of providing retail FX trading products to affluent clientele in several parts of the world.
| PROS | CONS |
| Well regulated | High minimum deposit |
| Multiple advanced trading platforms | |
| STP broker model with deep liquidity |
| Feature | Information |
| Regulation | FCA |
| Minimum deposit from | $500 |
| Average spread from | 0.7 pips |
| Commissions from | $18 |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:400 |
| Bonuses | None |
| Customer Support | 24/5 support |
A professional Forex trader is someone who uses price movement in the Foreign exchange currency market to make a profit.
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