What brokers are suitable for professional traders?？
For professional traders, the best forex broker depends not only on the license and years of experience, but also must meet certain characteristics and conditions. It is very important to find a broker that can meet the requirements。
For professional traders, the best forex broker depends not only on the license and years of experience, but also on certain conditions。Professional traders have special needs and unique preferences when trading, so it is very important to find a broker that can meet the requirements。
Preference of professional traders
As mentioned earlier, professional traders have special needs and trading preferences。When choosing a broker, there are several aspects to consider, such as:
Professional Account
Brokers often offer multiple account types at the same time。They can determine the difference based on many factors, but the most common consideration is the level of experience of the trader。As a result, many brokers often offer different accounts for beginners, intermediate traders and professional traders.。
Professional accounts are special in their trading conditions, such as higher minimum deposits, no limit on maximum orders, more tools to support various trading strategies, advanced platforms, and even the option to become an account manager or strategy provider。
The purpose of a professional account is not to help traders get affordable trading conditions and limit risk, but to optimize the trader's execution strategy。Because professional traders should keep winning percentage, not try multiple times to find the most suitable trading pattern。
Maximum Leverage
Many people think that professional traders will not use higher leverage, but if it is a professional trading account of a forex broker, especially an account regulated by the EU and ASIC, then high leverage is only for professional traders。
This is the right way to regulate leverage, rather than making it available to all traders, because beginners often choose high leverage without understanding the high risks。
As a result, well-regulated brokers only provide high leverage for professional traders, which can be as high as 1: 200 to 1: 500, while the common bar for ordinary retail traders is up to 1: 30 or 1: 50。
Even so, it is not easy to obtain high leverage, because traders must prove their professionalism by complying with the requirements set by the broker to ensure that they have enough ability to handle high leverage。
Trading instruments
Professional traders tend to use more advanced strategies and tools because of their rich experience。For example, professional traders can rely on OCO orders to maximize their news trading, rather than the usual buy and sell orders.。In addition, professional traders prefer to use the DoM (Depth of Market) platform because they believe this trading parameter is necessary.。
Therefore, a good broker should provide professional traders with many trading benefits beyond the usual trading functions: the more tools and the more complex the service, the better.。
Protect customer funds
Unlike beginner or retail traders who like to trade small amounts, professional traders tend to use large funds for large profits。
This leads them to attach great importance to the protection of funds。First of all, they will ensure that the broker has many years of experience, is registered in at least 1 top jurisdiction, offers separate accounts, and provides safe deposit and withdrawal methods。
Brokers for professional traders may also need negative balance protection, compensation plans, and even fund insurance plans。
Brokers for professional traders
IC Markets
IC Markets is a reliable broker for experienced traders。By applying to the broker, traders can obtain more than 2,000 tradable assets, including more than 60 foreign exchange pairs.。
IC Markets doesn't exactly offer a specific account for professional traders, but it allows traders to submit applications for reclassification from retail to professional.。There is no additional cost to upgrade to a professional client, the biggest advantage is that you can get higher leverage than ordinary traders。
In general, brokers must limit the leverage of products offered to retail clients to 1: 30 and 1: 10, but as professional clients, such restrictions do not apply。
| Broker | IC Markets |
| Professional Trader Leverage | Up to 1: 500 |
| Transaction Benefits | Free Virtual Private Server Original Spread Market Depth Advanced MT4 Trading Tool NY4 and LD5 IBX Equinix Data Centers in New York and London |
| Professional Account | ❌ |
| Upgrade to professional users | ✔️ |
| Compensation items | ✔️ |
| Insurance items | ✔️ |
Admirals
As one of the most experienced brokers in the industry, there is no doubt that Admirals meets the expectations of professional traders for a good broker.。After registering, the broker can apply a variety of analytical tools and provide professional clients with services that meet European and Australian standards.。
| Broker | Admirals (formerly Admiral Markets) |
| Professional Trader Leverage | Up to 1: 500 |
| Transaction Benefits | Free virtual private server one-click trading MetaTrader Extreme Edition five international offices to choose from insurance amounts up to $100,000 |
| Professional Account | ✔️ |
| Upgrade to professional users | ✔️ |
| Compensation items | ✔️ |
| Insurance items | ✔️ |
Exness
Exness is popular among retail traders and it tries to reach professional traders by offering a set of professional accounts with their own specifications and conditions。
In addition, the broker has launched a special program called Exness Premier to better support its professional clients and offer additional benefits such as priority client support, enhanced trade analysis and special rewards.。
| Broker | Exness |
| Professional Trader Leverage | 1: Unlimited |
| Transaction Benefits | Low spreads and execution are suitable for scalpers, day traders and Algo traders.。Exness Premium Plan 0% Stop Loss Level Special Promotions and Rewards |
| Professional Account | ✔️ |
| Upgrade to professional users | ✔️ |
| Compensation items | ✔️ |
| Insurance items | ✔️ |
Pepperstone
Pepperstone is a reliable Australian broker created by professional traders who are not satisfied with the quality offered by most brokers.。
Today, the broker offers the best trading conditions for clients from all over the world, as well as a variety of deposit and withdrawal methods。
After opening an account with this broker, you can choose from more than 1,200 CFDs, including more than 60 currency pairs and other assets。
| Broker | Pepperstone |
| Professional Trader Leverage | Up to 1: 500 |
| Transaction Benefits | Exclusive Events Open Large Positions Get Credit Convenience Easy Transfer Large Funds Free Virtual Private Server |
| Professional Account | ✔️ |
| Upgrade to professional users | ✔️ |
| Compensation items | ✔️ |
| Insurance items | ✔️ |
Interactive Brokers
IBKR has been a fairly trustworthy broker for active professional traders。The broker offers more than 10,000 tradable CFD assets that are attractive to advanced traders.。
The trading platform is often more responsive to the needs of advanced traders as there is an unparalleled range of tradable securities and trading tools available。
IBKR offers IBKR Pro accounts for professional investors and active traders。Such accounts offer several special advantages, such as access to IBKR APIs and IB SmartRouting。The latter enables traders to get the best execution by searching across exchanges and dark pools for the best available prices for various assets and portfolios。
| Broker | Interactive Brokers |
| Professional Trader Leverage | Up to 1: 50 |
| Transaction Benefits | Low margin rates No transaction fees Mutual funds Strong trading platform Idle cash earns up to 3..$33% interest No idle fees |
| Professional Account | ✔️ |
| Upgrade to professional users | ✔️ |
| Compensation items | ✔️ |
| Insurance items | ✔️ |
IG Markets
IG Markets is a popular broker and a great choice for professional traders。This award-winning broker has proven to be able to offer a comprehensive trading package that includes a variety of research and educational tools, a wide range of marketable markets, and high security。
| Broker | IG Markets |
| Professional Trader Leverage | Up to 1: 250 |
| Transaction Benefits | Professional platform and charts: L2 Trader, proRealTime and MT4 APP optimized for all devices 24 / 7 Customer service Easy account opening IG Smart Portfolio and Stock Trading |
| Professional Account | ✔️ |
| Upgrade to professional users | ✔️ |
| Compensation items | ✔️ |
| Insurance items | ✔️ |
Saxo Bank
Saxo Bank is a well-known multi-asset broker offering over 60,000 tradable instruments including FX pairs, bonds, ETFs, commodities, crypto derivatives and more.。
With more than 850,000 clients from more than 170 countries and more than 270,000 transactions executed daily, the broker is suitable for active traders and offers a rich and memorable experience with a wide range of trading tools, research resources and advanced features.。
| Broker | Saxo Bank |
| Professional Trader Leverage | Up to 1: 66 |
| Transaction Benefits | 24-hour expert support Exclusive VIP service Outstanding research source Managing portfolios |
| Professional Account | ✔️ |
| Upgrade to professional users | ✔️ |
| Compensation items | ✔️ |
| Insurance items | ✔️ |
CMC Markets
CMC Markets is a leading UK Forex and CFD broker, fully regulated in several countries。Not only that, the broker is regulated by several of the world's top regulators.。It has a wide range of tradable products, including stocks, commodities, bonds, foreign exchange pairs, CFDs, ETFs, etc.。
In addition, professional customers can open an exclusive professional account called CMC Pro and enjoy a number of exclusive benefits at no additional cost, including early access to new products and unreleased programs, as well as a personal account manager who provides special support to their customers.。
| Broker | CMC Markets |
| Professional Trader Leverage | Up to 1: 500 |
| Transaction Benefits | Advanced educational resources Excellent, highly customizable trading platform Comprehensive market research Dynamic trading for professional clients |
| Professional Account | ✔️ |
| Upgrade to professional users | ✔️ |
| Compensation items | ✔️ |
| Insurance items | ✔️ |
City Index
City Index offers some of the best trading and analysis tools to help traders make better trades。
It also offers a range of excellent trading conditions and account types, including professional accounts for professional traders.。
| Broker | City Index |
| Professional Trader Leverage | Up to 1: 400 |
| Transaction Benefits | Diversified research tool SMART-uses an internal engine to send out subscription signals. Well-designed, multi-functional APP is suitable for beginners and professionals. |
| Professional Account | ✔️ |
| Upgrade to professional users | ✔️ |
| Compensation items | ✔️ |
| Insurance items | ✔️ |
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