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Home » Forex Brokers » by Trading Level » Professional Traders

Best Forex Brokers for Professional Traders

Professional forex traders operate in a highly demanding and competitive environment. To cater to their sophisticated needs, some brokers offer advanced tools, competitive costs, high leverage, and reliable support. This is a list of forex brokers that target professional traders.

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UnitedPips
Available in
Country Flag
1
UnitedPips
9 customer reviews
Rating
4.1
/ 5
Expand
  • Specialized trading accounts
  • PayPay for deposit
Pros

  • High leverage options (up to 1:1000) for experienced traders.

  • Multiple account types to suit different trading needs.

  • User-friendly platforms, including mobile trading.

Cons

  • Limited information on regulatory licensing and oversight.

  • Located in St. Lucia, a jurisdiction that may raise regulatory concerns.

  • Lack of detailed information on fees or additional charges.

  • Withdrawal fee$0
  • Deposit fee$0
  • Max Leverage1:1000
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Capitalcore
Available in
Country Flag
2
Capitalcore
8 customer reviews
Rating
4.1
/ 5
Expand
  • Free VPS hosting
  • 24/7 Customer Service
  • Very High Leverage
Pros

  • Ultra-High Leverage: Capitalcore offers one of the highest leverage in the industry. Traders can get much bigger positions with 1:2000 leverage when trading with Classic accounts. 

  • Swap-Free Accounts & No Hidden Fees: The broker does not charge overnight swap interest or trading commissions on any instrument. The company also does not charge inactivity fees, withdrawal fees, and deposit fees unlike other brokers. 

  • Binary Options and CFD Trading Options: Trade 35+ forex pairs, major stock indices, metals, cryptos, and even binary options.

Cons

  • Offshore Regulation: Capitalcore is not regulated by a tier -1 regulator. The company operates under an offshore IFSA regulation in St. Vincent & the Grenadines.

  • No MT4/MT5 or cTrader Support: The broker only offers proprietary platforms, with no MetaTrader or other third-party platforms for those who prefer industry-standard software or automated EA trading.

  • Limited Number of Tradable Assets: Capitalcore lacks many tradable assets. For example, the broker does not offer ETFs and only has limited commodities like no agricultural products.

  • Withdrawal fee$0
  • Deposit fee$0
  • Max Leverage1:2000
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DuraMarkets
trusted
Available in
Country Flag
3
DuraMarkets
0 customer reviews
Rating
4.5
/ 5
Expand
  • 24/5 Customer Support
Pros

  • Low Barrier to Entry: Traders can start trading with a very low minimum deposit of $10, making the broker accessible to many new traders. 

  • MetaTrader 4 & 5 Trading Platforms: DuraMarkets offers access to both MetaTrader 4 & 5 trading platforms. 

  • Swap-Free Islamic Account Option: The company offers a dedicated swap-free trading account for traders who want to avoid overnight swap fees. 

Cons

  •  

  • Lack of Tier 1 Regulators: DuraMarkets lacks the oversight of a Tier-1 regulator like ASIC, CySEC, NFA, or FCA. 

  • Crypto-Only Payments: The broker exclusively accepts cryptocurrency for deposits and withdrawals, which may be inconvenient for traders who prefer traditional payment methods.

  • Withdrawal fee$0
  • Deposit fee$0
  • Max Leverage1:500
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Exness
trusted
Not available in
Country Flag
4
Exness
52 customer reviews
Rating
4.9
/ 5
Expand
  • Specialized trading accounts
  • 24/7 instant money withdrawal
  • Free VPS hosting
Pros

  • Competitive Trading Conditions

  • Wide Range of Tradable Instruments

  • Advanced Trading Platforms

Cons

  • Limited Regulatory Oversight for Some Entities

  • Limited Educational Resources for Beginners

  • Mixed User Reviews

  • Withdrawal fee$0
  • Deposit fee$0
  • Max Leverage1:2000
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RoboForex
trusted
Not available in
Country Flag
5
RoboForex
102 customer reviews
Rating
4.9
/ 5
Expand
  • Free VPS hosting
  • 24/7 instant money withdrawal
  • Specialized trading accounts
Pros

  • Extensive Range of Tradable Instruments

  • Competitive Trading Conditions & Accounts

  • Versatile Trading Platforms

Cons

  • Regulated by an Offshore Regulator

  • Limited Demo Account

  • Withdrawal fee1%
  • Deposit fee$0
  • Max Leverage1:2000
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XM
trusted
Not available in
Country Flag
6
XM
35 customer reviews
Rating
4.7
/ 5
Expand
  • Specialized trading accounts
  • Free VPS hosting
  • 24/7 instant money withdrawal
Pros

  • Multi-Regulated Broker: XM has multiple regulations including CySEC (Cyprus), FSC (Belize and Mauritius), FSA (Seychelles), and DFSA (Dubai).  

  • Variety of Bonuses: The broker offers an extensive range of bonuses including welcome, no-deposit, and seasonal offers that can boost capital and allow profit withdrawal.

  • Consistent High Leverage and Low Spreads: The company offers consistently low spreads and a high leverage even during volatile market conditions. 

Cons

  • Not Available in the US: XM does not accept clients from the US. For traders based in restricted regions, it is best to look for other options. 

  • Offerings May Differ Based on Location: Payment methods, trading strategies, and bonuses may vary depending on your location. 

  • Inactivity Fees: XM charges a dormant fee when your account stays dormant for consecutive 90 days. You are charged an inactivity fee of $10 per month.

  • Withdrawal fee$0
  • Deposit fee$0
  • Max Leverage1:1000
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FxGlory
trusted
Not available in
Country Flag
7
FxGlory
10 customer reviews
Rating
4.8
/ 5
Expand
  • 24/7 instant money withdrawal
  • Specialized trading accounts
Pros

  • High Leverage Options

  • Low Initial Deposit Requirements

Cons

  • Lack of Proper Regulation

  • Withdrawal Issues

  • Poor Customer Support

  • Withdrawal fee$0
  • Deposit fee$0
  • Max Leverage1:3000
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VT Markets
trusted
Not available in
Country Flag
8
VT Markets
0 customer reviews
Rating
4.7
/ 5
Expand
  • Specialized trading accounts
Pros

  • Trading Accounts for Different Types of Traders: VT Markets offers STP, ECN, Cent, and Swap Free trading accounts. The company also offers a demo account for 90 days. 

  • Multi Regulated Brokerage: VT Markets has multiple reputable regulations from South Africa, Dubai, and Mauritius. 

  • Investor Protection and Trader Insurance: The company is a part of The Financial Commission and Compensation Fund and has Lloyd’s Insurance with coverage of over €20,000 and $1M respectively for client funds.

Cons

  • No Crypto CFDs Available: VT Markets does not offer crypto CFD assets. 

  • No Phone Support: VT Markets does not offer phone support.

  • Withdrawal fee$0
  • Deposit fee$0
  • Max Leverage1:1000
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Libertex
trusted
Not available in
Country Flag
9
Libertex
9 customer reviews
Rating
4.7
/ 5
Expand
  • Specialized trading accounts
  • 24/7 instant money withdrawal
  • Proprietary platform
  • Mobile trading
Pros

  • Lack of Investor Protection Features: Libertex offers much higher leverage than most brokers. Retail traders can enjoy leverage up to 1:999 on CFD trades, enabling traders to control much bigger positions for their investments.

  • Extensive Range of Tradable Instruments and Stocks: Libertex provides access to 250+ CFDs across forex, commodities, indices, metals, energies, cryptocurrencies, ETFs, and bonds. Uniquely, the broker also allows investing in real stocks with over 300 stocks.

  • Major and Proprietary Trading Platforms: You can access popular trading platforms like MT4 and MT5. In addition, you can also trade with the company’s proprietary trading platform.

Cons

  • Offshore Regulatory Status: Libertex.org is not regulated by top-tier authorities like CySEC or FCA. Instead, it operates under offshore jurisdictions (St. Vincent & the Grenadines and Mauritius).

  • Lack of Investor Protection Features: Being offshore regulated, Libertex does not offer security features like investor protection schemes that brokers with a tier-1 regulation offer. 

  • No Islamic (Swap-Free) Accounts: The broker does not offer Islamic accounts for interest-free trading. All accounts incur overnight swap charges on CFD positions.

  • Withdrawal fee$0
  • Deposit fee$0
  • Max Leverage1:600
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Alpari
trusted
Not available in
Country Flag
10
Alpari
12 customer reviews
Rating
4.7
/ 5
Expand
  • Specialized trading accounts
  • Free VPS hosting
  • 24/7 instant money withdrawal
Pros

  • Competitive Spreads

  • Comprehensive Educational Resources

  • Robust Customer Support

Cons

  • Limited Deposit and Withdrawal Options

  • Occasional Platform Glitches

  • Limited Regulatory Oversight in Certain Regions

  • Withdrawal fee$0
  • Deposit fee$0
  • Max Leverage1:1000
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Our ranking methodology and selection process

Key Requirements for Professional Traders

High Leverage

Professional traders often employ strategies that necessitate high leverage. This allows them to maximize their positions and potential profits. Brokers offering leverage up to 1:500 or more are preferred, as they provide the flexibility needed for high-stakes trading.

Low Spreads and Competitive Costs  

Tight spreads are crucial for professional traders who execute a high volume of trades. Low spreads reduce the cost of trading and improve profit margins. Additionally, brokers should offer competitive commissions and no hidden fees to ensure cost efficiency.

Advanced Trading Platforms

Access to robust and reliable trading platforms is essential. MetaTrader 4 and MetaTrader 5 are popular choices due to their advanced charting tools, extensive range of indicators, and automated trading capabilities. Additionally, brokers should offer their proprietary platforms with unique features tailored to professional needs.

Fast and Reliable Execution 

Speed and reliability of trade execution can make a significant difference, especially in volatile markets. Professional traders need brokers that ensure minimal slippage and latency, providing seamless and instant order execution.

Diverse Range of Tradable Instruments  

A wide variety of financial instruments, including forex, stocks, commodities, indices, and cryptocurrencies, allows traders to diversify their portfolios and capitalize on different market opportunities.

Advanced Analytical Tools

Comprehensive analytical tools and resources, including technical and fundamental analysis, market news, and economic calendars, are vital for making informed trading decisions. Brokers should offer access to these tools directly within their trading platforms.

Regulatory Compliance and Security

Trust and security are paramount. Professional traders should choose brokers regulated by reputable authorities to ensure the safety of their funds and fair trading practices. Regulatory compliance also provides an added layer of trust and accountability.

Exceptional Customer Support  

Professional traders often require quick and effective support, especially when dealing with complex trading issues or large sums of money. Brokers should provide 24/5 or 24/7 customer support through various channels, including live chat, email, and phone.