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If you are a big forex trader, you need a Forex broker that caters for large clients.
The key features to look for in Forex broker for large accounts are how financial secure the broker is, how reliable the trading platform is for large volume or high volume and the experience of the brokers on the end of the phone. Dealing with experienced brokers who regularly service high net worth clients and large accounts (by large we mean £50k plus) is that they are able to deal with trading errors and issues quickly and commercially. If you choose the wrong broker a simple mistake can turn in a huge problem if not dealt with swiftly.
Here are three Forex brokers that service high net worth individuals with large Forex accounts
ETX Capital (good for high net worth individuals)
ETX have been around since 1965 and have institutional pedigree and an experienced sales trading desk. They also offer weekly and daily analysis for Forex traders and some good technical analysis platforms.
Spreadex (good for personal service)
If you’re looking for a small broker with lots of experience then go with Spreadex. For large accounts they offer a very personal service and specialise in phone brokerage.
IG (good for all round market access)
IG is the clear leader in Forex trading in the UK with over 40 years experience. They are the largest Forex broker by market cap (currently valued at over £2bn) and are listed on the London Stock Exchange.
They have dedicated teams that look after clients with large balances on a personal basis. Having a team means that your issues can be dealt with quickly if you put the business through they can offer preferential rates for high volume traders.
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Richard started the Good Broker Guide in 2015 and has been a broker for 20 years most recently at Investors Intelligence and previously acting as multi asset derivatives broker at MF Global (Man Financial). Richard started his career working as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson) after interning on the NYMEX oil trading floor in New York and London IPE in 2000.