| Updated: June 13, 2024With traders having different requirements for their trading accounts, only certain forex brands can cater to every taste. Depending on the willingness to take some risks and trade higher volumes, some traders prefer to hold larger accounts with brokers, allowing them to easily place orders of higher volumes. To help you make the right choice, we have covered 10 of the best brokers that will allow you to open large-volume accounts.
All of the brands on our list are properly regulated and offer some of the best conditions to traders who enjoy placing bigger orders regularly.
FP Markets73.85% of retail investor accounts lose money
Pepperstone75.5% of retail investor accounts lose money
AvaTrade76% of retail investor accounts lose money
FXCM70% of retail investor accounts lose money
Global Prime74-89% of retail CFD accounts lose money
IG70% of retail client accounts lose money
Oanda72% of retail CFD accounts lose money
FxPro74% of retail investor accounts lose money
Saxo Bank65% of retail investor accounts lose money
BlackBull Markets10 Best Brokers for Large-Volume Traders
- 1. Global Prime
Founded in 2010, Global Prime is a leading retail broker that offers forex traders the opportunity to trade over 40 currency pairs, including major, minor, and exotic currency pairs. The brand offers forex traders several types of trading accounts, with the Raw Account option being suitable for those who prefer trading higher volumes. The spread applied to Raw accounts can start as low as 0.0 pips, with a fixed commission of $3.5 per lot traded being applied to trades. Meanwhile, the maximum leverage that forex traders can enjoy on major and minor pairs is increased to up to 1:500.
Global Prime is a trading name of FMGP Trading Group Pty Ltd (ABN 74 146 086 017) and is regulated by ASIC and licensed to carry on a financial services business in Australia under Australian Financial Services License No. 385620. Gleneagle Securities Pty Limited trading as Global Prime FX, is a registered Vanuatu company (Company Number 40256) and is regulated by the VFSC. The website is owned and operated by FMGP Trading Group Pty Ltd, ABN 74 146 086 017. One of the best destinations for online forex traders is BlackBull, which is a properly regulated retail broker that offers secure and fair trading to its clients. With different account types available, low-volume traders would most likely benefit from opening an ECN Institutional account. The minimum deposit requirement for this type of trading account is $20,000 and while there is a fixed commission of $4 per lot, the price of trades is further reduced by the low spread that starts from 0.0 pips.
- 3. Pepperstone
Traders can tailor their trading experience at Pepperstone to fit their style of forex trading, enjoying the best of what this top-tier brand has to offer. Since different traders might appreciate various trading features, Pepperstone supports Standard and Razor account types, both offering a tremendous trading experience. That said, those who prefer trading bigger volumes might prefer opening Razor accounts that enable tighter spreads of 0.0 pips and better overall price per lot traded. While the maximum allowed leverage will be the same for retail traders no matter the account they open, if they are eligible for professional trading, Razor traders might increase the leverage ratio on various currency pairs.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. - 4. Oanda
You can always rely on OANDA to offer a top-notch trading experience, no matter your preferences. The broker offers its clients two types of accounts, with the Elite Trader type being more suitable for investors who prefer to trade higher volumes. Keep in mind that this account has a minimum volume trading requirement of $10 million and a rebate of a minimum of $5 per million being traded. The trading cost for Elite traders can be reduced by 10%, with an option to further lower the price paid per trade when traders advance in the loyalty program of OANDA.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.72% of retail investor accounts lose money when trading CFDs with OANDA TMS Brokers S.A.You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. - 5. FP Markets
FP Markets started its business in 2005, offering forex brokers some of the best trading conditions online. To cater to the preferences of various traders, FP Markets allows its clients to opt either for Standard accounts or Raw accounts available on the MT4 and MT5 trading platforms. Raw accounts will have a fixed commission rate of $3 applied to lot traded but thanks to low spreads starting at 0.0 pips, the overall trading price will be reduced significantly. While retail traders can open a Raw account, to unlock higher leverage ratios and get access to more currency pairs, they will need to apply for professional trading status.
10 per quarter for non-AU traders; 20 per quarter and notional volume of AU$1,000,000 per 4 quarters in the last 1 year 73.85% of retail CFD accounts lose money - 6. IG
With IG being one of the most well-experienced brokers in the forex market, it is not surprising that this broker can cater to the preferences of every trader. That is why customers of IG can opt for Retail, Pro Level 1, and Pro Level 2 trading accounts, with the Pro Level 2 type being the best option for experienced traders who wish to trade higher volumes with boosted leverage. Those who qualify for the professional account type at IG can get money back on the amount they have traded the previous month, enjoy better prices on their trades, and trade major currency pairs with leverage of up to 250:1.
CFDs are complex instruments. 70% of retail client accounts lose money when trading CFDs, with this investment provider. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money. - 7. AvaTrade
Since its inception in 2006, AvaTrade has earned its spot among the best retail brokers for forex trading. The brand offers a wide variety of trading instruments, including 54 currency pairs. While retail traders can enjoy a rather competitive price for their trades, those who prefer to trade bigger volumes and further reduce the price with spreads starting at 0 pips, there is the option to apply for a professional trading account. If you qualify for a professional trading account with AvaTrade, you will pay low commissions and trade bigger volumes for a significantly lower price. The maximum leverage you can use will also be boosted, giving you a chance for bigger returns.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. - 8. FxPro
Whatever your trading requirements are, FxPro strives to offer the best trading conditions to help you get the best value for your investments. While you can choose between a standard, Raw+, and Elite account type, we believe the latter is the most suitable option if you wish to trade bigger volumes and get even lower prices for your trades. Deposits for this type of FxPro account start at $30,000, with Elite members enjoying spreads as low as 0 pips for more than 90% of the trading day. Complete that with low commission rates of a maximum of $3.5 per lot traded and you will get extremely competitive prices for your forex trades. What is more, Elite traders are eligible for rebates of up to 21% in their commissions.
Trade Responsibly. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. - 9. FXCM
When it comes to offering fair and secure trading conditions, FXCM is one of the brokers who immediately come to mind. Offering competitive pricing for all of its customers, FXCM offers those who prefer trading higher volumes even lower prices, with spreads starting at 0.0 pips for Active Trader accounts. This account option is extremely suitable for traders who are well-experienced in forex trading and prefer trading higher volumes on a regular basis. FXCM clients who meet the trading volume condition of $10 million on a monthly basis will also qualify for a monthly rebate.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. - 10. Saxo Bank
If you are a client of Saxo, one of the most reliable retail brokers for forex traders, you will be able to tailor your experience entirely to your taste in trading. With three account types, Saxo offers both inexperienced traders and experts in trading to enjoy the best value for their investments. If you prefer trading with higher volumes and you expect lower prices for your forex trades, we suggest opting for the VIP account. Having a VIP status will require a minimum deposit of AU$1,500,000 but you will trade with the lowest possible spreads of 0.5 pips. You can also opt for the Platinum account, which will still reduce the prices by up to 30%, with the minimum deposit requirement being only AU$300,000.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs, FX or any of our other products work and whether you can afford to take the high risk of losing your money.
Comprehensive Comparison of the Top 10 Forex Brokers for Large Accounts
| Forex Broker | Min Account Requirements | Max Contact Size | Max Leverage | Spread | Commissions | Pricing Model | Avg Execution Time | Regulators | Trust Pilot Rating |
|---|---|---|---|---|---|---|---|---|---|
| 1. FP Markets | 50 lots | 50 lots | 30:1 (Retail)500:1 (Professional) | 1.0 pips Standard; 0.0 pips Raw | $0 (Standard Account), $6 round-turn (Raw Account) | ECN | 40 ms | ASIC, CySEC, FSA (Seychelles), FSCA | 4.8 ⭐ |
| 2. Pepperstone | $0 | 100 lots | 1:30 (Retail ASIC, CySEC, FCA); 1:500 (Professional); 1:400 (CMA) | From 0.0 pips (Razor Accounts), 1 pip (Standard Accounts) | $0 (Standard Accounts), $7 round-turn (Razor Account via MT4/MT5) | NDD | 30 ms | UK FCA (No.684312), CySEC (No. 388/20), ASIC (No. 414530), BaFin (No.151148), DFSA, CMA | 4.5 ⭐ |
| 3. AvaTrade | $100 | Varies based on leverage, margin, spread etc. | 30:1 (400:1 for Pro and Non-EU Accounts) | From 0.9 pips (retail), 0.6 pips (pro) | $0 on forex trades | DD | 30ms | FFAJ (License No.1574),CySEC (No. 347/17) ISA (No. 514666577), IIROC, ADGM / FSRA (No.190018), CBI (No.C53877), BVIFSC (No. SIBA/L/13/1049), FSCA(No.45984), ASIC(No.406684) | 4.5 ⭐ |
| 4. FXCM | $50 | Up to 50 million units per trade | 30:1 (CySEC, ASIC, FCA)1000:1 (Non-EU) | From 0.0 pips | $25 to $40 on Active Trader Accounts | NDD | 19 ms | FCA, CySEC, ASIC, FSCA, ISA, IIROC, | 4.2 ⭐ |
| 5. Global Prime | $0 | 1,000 lots | 30:1 (Retail)500:1 (Professional) | 0.9 pips Standard, 0.0 pips Raw | $7 round-turn on Zero accounts | NDD | 100 ms, 1 to 5 ms with VPS | ASIC (No. 385620), VFSC (No. 40256) | 4.1 ⭐ |
| 6. IG | $0 | 62 lots | 30:1 (Retail)500:1 (Professional) | 0.6 pips CFD trading; 0.165 pips DMA trading | $0 on forex trades | DD | 10 ms | ASIC (No. 515106), FCA (No. 114059), CFTC, DFSA (No. F001780), MAS, BMA | 4.1 ⭐ |
| 7. Oanda | $0 | 30 million units per position for EUR/USD | 30:1 (Europe)50:1 (US)20:1 (Singapore) | From 0.6 pips (Standard Account), 0.1 pips (Commision Account) | $0 (Standard Account), $4 round-turn (Commission Account) | DD | 12 ms | FCA, CFTC, KNF, MAS, IIROC, MASASIC, FSA (Japan), FSC (British Virgin Islands) | 3.9 ⭐ |
| 8. FxPro | $100 ($1,000 recommended minimum), $30,000 for Elite Accounts | Depends on account balance, leverage, and asset class | 30:1 (Retail)500:1 (Professional) | 0.0 pips (Raw, Elite), 1.2 pips (Standard) | $3.50 per side per standard lot (cTrader accounts) | NDD | 13 ms | FCA (No. 45052), CySEC (No. 078/07), SCB (No. SIA-F184), FSCA (No.45052) | 3.9 ⭐ |
| 9. Saxo Bank | $0 (Classic), $200,000 (Platinum), $1 million (VIP) | 25 million currency units | 1:30 (Retail, EU traders); 1:200 (FSA) | 0.9 pips (Classic), 0.8 (Platinum), 0.7 pips (VIP) | $3 per lot | NDD accounts available | 15 ms | FCA (No. 551422), FSA Denmark (No. 1149), MAS (No. 200601141M), ASIC (No. 32110128286), SFC Hong Kong (No. 1395901), FSA Japan (No. 0104-01-082810) | 3.7 ⭐ |
| 10. BlackBull Markets | $2,000 (Prime Account), $20,000 (Institutional Account) | 100 standard lots | 30:1 (Retail)500:1 (Professional) | 0.8 pips Standard; 0.1 pips Prime; 0.0 pips Institutional | $6 round-turn (Prime), $4 round-turn (Institutional) | NDD, ECN | 20 ms | SFSA (No. SD045), FMA (No. FSP403326) | 3.6 ⭐ |
Features of Large Trading Accounts
If you are wondering whether you are the type of trader who would benefit from trading with a larger account, we can start by defining the main features of this type of trading account. The most distinctive feature of a large-volume account is holding significant amounts in your trading wallet to support your forex trades. This is the reason why this type of trading account comes with higher requirements for minimum deposits. While each broker will have its own deposit policy, minimum deposit requirements for higher-volume accounts can range anywhere between $250 and $2,500, sometimes even higher.
Holding a larger trading account usually allows you to trade larger lots. These are definitely suitable only for investors who can afford to place bigger orders, with greater losses having an insignificant effect on their overall account balance. Naturally, while standard trading accounts may allow casual traders to place multiple small-size orders, big-lot trading is one of the features of higher-volume trading accounts.
Another specific quality of higher-volume trading accounts is the pricing for trades. While standard accounts may have no commission, brokers do include some small fee that is built into the spread. Meanwhile, zero accounts that are available only to higher-volume traders often offer low spreads of 0 pips and fixed low-rate commissions. In the end, traders who trade higher volumes end up with a better price per lot traded.
Comparison with Mini, Micro, and Cent Accounts
While forex brokers tend to offer their clients the chance to open large accounts and trade with larger lot sizes and overall higher trading volumes, those types of accounts are suitable only for a specific type of trader who can afford to risk significant sums. If you are fairly new to forex trading and you do not wish to trade significantly larger amounts, you can choose to open a mini, micro, or cent account with your preferred forex broker.
Most brands offering to trade currency pairs will support any of the aforementioned budget options of trading accounts. The common feature of all three accounts we have mentioned above is the lower trading volume. The lot sizes are significantly lower and so are the required minimum deposits for funding one’s account. One specific feature of cent accounts is that the base currency of your balance will be represented in cents instead of dollars, euros, etc. This will allow traders to adjust their trades so they stay proportionate and maintain low-risk levels.
With low-volume accounts, It could be the case that the spread is slightly higher compared to large accounts but, more often than not, the commission you pay is rather low and it is built into the spread.
The mini, micro, and cent accounts are extremely suitable for beginners as they allow them to learn new trading strategies and practice what they have learned by risking smaller amounts. If a broker offers all three types of smaller accounts, you can compare the minimum deposit requirements, lot sizes, and associated fees for each account option. That way, you can determine which type of forex account is most suitable for you.
| Mini, Micro & Cent Lot Comparison | |||
|---|---|---|---|
| Lot Type | Units | Volume | Pip Equivalent in US$ |
| Mini Lot | 10,000 | 0.1 | $1 |
| Micro Lot | 1,000 | 0.01 | $0.10 |
| Cent Lot | 100 | 0.001 | $0.01 |
Who Are Large Accounts Suitable For?
You may be wondering whether large accounts are the best option for your forex trades or if you should stick to low-volume trading accounts. To help you make an informed decision, we would like to point out the main characteristics of the trader who can benefit from trading with large accounts.
The most obvious feature of a large-account trader is the higher trading volume, meaning this type of account is suitable for those who can afford to make higher deposits, place higher-volume trades, and quite often, lose bigger amounts of money. If you believe your budget can handle higher-volume trades and rather risky losses, then you can definitely apply for larger accounts.
While low-volume accounts are suitable for beginners, they offer a limited number of currency pairs. If you would like to get access to more assets to trade, you would need to opt for larger account types that offer traders the full range of supported currency pairs. On top of that, larger accounts often allow traders to enjoy a leverage that is much higher than the limited ratio applied to smaller forex accounts. While higher leverage instantly increases the risk of losing bigger amounts of money, it also boosts the potential return you can enjoy.
To encourage bigger-volume trades, brokers also tend to lower the price per lot traded on larger accounts. This is often achieved by a lower spread, often starting as low as 0.0 pips. While there might be a fixed commission rate applied to trades, this still offers a better price per trade than the one paid by standard account holders.
Pros and Cons of Trading with Large Accounts
You can easily assess whether a large forex account is the right choice for you by comparing the strengths and weaknesses of this type of trading profile. The pros of holding a large account with a forex broker are mainly concerned with the freedom to trade higher volumes and potentially enjoy bigger returns. The minimum required deposit for this type of account can often start at $2,500, meaning you can easily place bigger orders when trading currency pairs.
The benefit of handling trades of higher volume is also enjoying a better price for your orders. Usually, larger accounts come with lower spreads and a fixed commission that will offer you a reduced price per lot traded compared to the price low-volume account holders pay. Another perk of trading currency pairs while holding a large account with a broker is having higher leverage applied to your trades. Holding a larger trading account will also provide access to more assets, allowing you to trade more currency pairs.
As for the disadvantages of larger accounts, we can say that this account type is not suitable for inexperienced traders. Since larger accounts require trading higher volumes, not knowing what to do can easily lead to massive losses that one cannot afford. Trading with higher leverage also increases the risk, making large accounts unfit for traders who are still unsure of the trading strategy they will apply.
Factors to Consider When Choosing Large-Account Brokers
To choose the best large account option online, we suggest considering several factors when choosing the broker to trade with. No matter the account type you would like to use, safety is always a key feature of a forex broker to keep in mind. Always pick properly regulated brands that are transparent with their clients, providing information about their regulators and respective licenses.
The cost of trading is also important as some brokers may offer a better value for your trades by offering lower spreads and commissions for large accounts. Make sure to compare these factors when choosing where to open your high-volume trading account.
Maximum leverage like 1 to 500 and supported currency pairs should also be considered when choosing a broker for your forex trading sessions. Make sure that you can benefit from a larger leverage whenever you open a larger account with the broker of your choice. While higher leverage is considered to be beneficial, one should also be offered the option to limit the maximum leverage ratio to properly handle the risk level while trading currency pairs. Holding this type of trading account should also grant you access to the full range of currency pairs supported by the broker, removing any limits that may apply to low-volume accounts.