Forex Trading for Professionals

  1. What Is Forex Trading for Professionals?
  2. Top 5 Forex Brokers for Professionals
  3. How to Become a Professional Trader?
  4. How Much Does a Professional Account Cost?
  5. Forex Professional Trading Brokers List

What is Trading for Professionals?

In forex professional trader status is not acquired easily. Usually, it takes years of dedication and commitment to polish the strategy and performance, for Brokers the status should be confirmed either by the specific test or proof.

So, who is a professional trader? A professional forex trader specializes in the financial market and is engaged in full-time trading. See some of important notes about Professional Trading:

  • Usually, there is number of benefits provided for Professional Trading Account or Pro Trading Account that typically include: access to high leverage of 1:500, Active Trader Bonus programs, lower costs and Trading Rebates based on volume, also access to custom-made trading technology or solutions with personal manager etc.
  • However, brokers in their turn have specific expectations and requirements for the traders to make sure they are qualified to sign in for a professional account. In most cases, Professional Trader has to prove its status either by passing a specific test required by the broker, which is a simpler way, or to be licensed Professional Trader authorized by the local governance (this based on the country and applicable laws).
  • For a professional trader, the necessary and important step is finding a reliable broker with good standing and sophisticated tools, also Professional Trading Platform with good conditions to work over long time trading for best results

🏦 Trading InstrumentsAll, depending on the broker
🎓 Platform Instruments, ToolsAdvanced
📈 Leverage High up to 1:500
💰 Signing feeDepends on the broker

What is good Professional Trading Strategy Platform?

Professional traders typically deploy clearly developed and well-defined strategies which depend on number of factors including capital, prefered instruments and timeframe, usually following the economic tendencies and central bank policies all around the world. However, there is no one particular startegy that is good for All Professional traders, all are rather custom adjusted.

  • The crucial Choice for Pro Trading is a Professional Trading Platform with good tools included, quality charting and capabilities like Professional Trading Software APIs, Auto Trading, Platform with Trading Robots etc. Some of the most regarded Platforms suitable for Professionals are MT5, cTrader and NinjaTrader, also IBKR is a popular choice too.
  • Professional Trading strategies usually a combination along with proved to be handy technical analysis and fundamental analysis. Most professional traders combine these two to get the most out of them. Many professional traders also rely on automated trading, to monitor and execute positions 24/7 and follow market fluctuations.
  • Professional traders are also often engaged in long-term trading, although shorter-term trades are also frequent, alike Day trading. Other popular strategies like Swing trading, Scalping, and News trading are all taking good part of a professional trader’s strategies.
Professional TradingAdvantagesProfessional Trading Disadvantages
Range of benefits provided exclusively to Professional Traders Professional Trader has to pass certification
Benefits might include: Pro tools, Custom Technology, Personal Managers, lower fees, rebates etc Requires high capital
Access to high leverageTools and offer depends on Broker and jurisdiction

Top 5 Best Forex Brokers for Professional Traders

Here is the selection of the Best Brokers for Professional traders with rankings and category choices. We have selected brokers that have the best offerings in the market, providing a high level of services and conditions suitable for professional trades and some benefits included:

  • HFM – Best Overall Broker for Professional Trading 2024
  • BlackBull Markets – Best MT5 Broker with Pro Trading 2024
  • FP Markets – Lowest Spread Broker for Professionals 2024
  • Eightcap – Best Professional Day Trading Broker 2024
  • BDSwiss – Best Scalping Broker for Professionals 2024

How to Become a Professional Trader?

Professional traders need to have some proof-backed financial experience in the field. Eventually, there are two ways to become a professional trader, either to pass education and obtain a license from the country you reside in, which is complicated process for truly financial professionals or easiest way is to prove the status to the broker by passing specific test.

How Much Does a Professional Account Cost?

To have an access to professional accounts, traders should meet a number of requirements set by the broker including proving Professional status and meeting minimum deposit requirements or operation trading volumes. Based on our experience and finding, typically professional traders should be able to make at least $500k investment annually, yet this depends by the broker requirements and conditions.

  • A professional account comes with a range of benefits that include no commission, tighter spreads, low fees, bonuses, faster customer help, and many other advantages that also depend on the particular broker.

Professional Trading Forex Brokers List

This is the list of the Brokers we select that are suitable for Professional traders also with favorable conditions and Pro tools avaiable in the offering:

Broker Detail
LMAX Exchange Review LMAX Exchange
Min. Deposit: $10,000
Max. Leverage: 1:30 | 1:500
Trading Platforms: LMAX Exchange Proprietary Platform, MT4/MT5 bridges
Regulation: FCA, CySEC, FSP
LMAX Exchange Review
Sucden Financial Review Logo Sucden Financial
Min. Deposit: No minimum deposit
Max. Leverage: 1:30 | 1:100
Trading Platforms: API Solutions, STAR, TT, CQG, Patsystems, smartTrade, Integral, Currenex
Regulation: FCA, NFA, SFC
Sucden Financial Review
Global Market Index GMI Review GMI
Min. Deposit: US$25
Max. Leverage: 1:30 | 1:200
Trading Platforms: MT4, Alpine Trader, ClearPro, MTF, Currenex
Regulation: FCA, VFSC
GMI Review
Valutrades Review Valutrades
Min. Deposit: $50
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4, MT5
Regulation: FCA, FSAS
Valutrades Review
CornerTrader Review CornerTrader
Min. Deposit: $2,000
Max. Leverage: 1:200
Trading Platforms: CornerTrader Platform
Regulation: FINMA
CornerTrader Review
JFD Brokers Review JFD Brokers
Min. Deposit: $500
Max. Leverage: 1:30 | 1:400
Trading Platforms: MT4, MT5, stock3
Regulation: CySec, BaFIN, VFSC
JFD Brokers Review
Z com Review Z.com Bullion
Min. Deposit: $0
Max. Leverage: 1:100 | 1:200
Trading Platforms: MT4
Regulation: FCA, SFC, JFSA, FFAJ
Z.com Bullion Review
Fineco Bank Review FinecoBank
Min. Deposit: $0
Max. Leverage: 1:30 | 1:100
Trading Platforms: PowerDesk, Stock Screener, Fineco app
Regulation: Bank of Italy, CONSOB, ECB
FinecoBank Review
Swissquote Review Swissquote
Min. Deposit: $1,000
Max. Leverage: 1:100 | 1:30
Trading Platforms: MT4, MT5, eTrader, Swiss DOTS
Regulation: FINMA, FCA, MFSA, SFC, DFSA
Swissquote Review
Dukascopy Review Dukascopy
Min. Deposit: $1,000
Max. Leverage: 1:30
Trading Platforms: JForex, MT4, Binary Trader
Regulation: FINMA, FCMC, JFSA, DFSA
Dukascopy Review