Big forex brokers

Markets.Com offers three types of classic, standard, or premium trading accounts, with a minimum deposit of $100 to open an account.

Huge forex bonuses

Biggest Forex Brokers 2021; Best Forex Brokers For Big Accounts, big forex brokers.

As for trading platforms they offer a range of trading platforms to cover all possible trading needs. Metatraders 4 which is the most equipped, powerful and user-friendly platform among the heaviest on the scale, markets web trader is their own trading platform that is available on the web, and markets mobile trader covers another essential aspect of mobile online trading, you can also read about zero spread forex brokers. Founded in: 2010
regulation FSCA, cysec, FSC, DFSA,
min. Deposit $5
mini. Lot size: 0.01 lot
leverage: 1:1000
platforms: metatrader 5, metatrader 4, hotforex FIX/API
payment options: bank wire, credit card, neteller, skrill, fasapay, webmoney, cashu and ukash.

Biggest forex brokers 2021 – best forex brokers for big accounts

As you know, biggest forex brokers or largest forex brokers are better is the service they provide, as they offer many advantages to traders, such as economies of scale, a better liquidity position and increased public and regulatory oversight.

Here is a list of the best biggest forex brokers or best largest forex brokers who offer services dedicated to those who wish to transfer large volumes or offer advantageous terms to those who make large deposits, such as vip accounts or particularly favourable trading conditions.

Xm – best overall broker 2020, tight spreads

Hotforex – best client funds security global, most reliable online trading platform 2019

Exness – multiple account types and execution methods,

Markets.Com – extensive in-platform research, mobile apps sync with web platform

Easymarkets – well regulated broker

1. XM
XM is a global forex broker founded in 2008, this broker is regulated by the FCA in the united kingdom, ASIC in australia and cysec in cyprus.

XM offers a wide range of trading accounts and features and offers both the metatrader 4 and metatrader 5 trading platforms which are well-known trading platforms in the industry and, as such, they vary little in terms of presentation and functionality from one broker to another. XM offers more than 1000 currency pairs and also offers a wider range of trading assets, including forex, equity cfds, energy cfds, precious metals cfds, commodities cfds, equity indices and crypto currencies.

Xm offers its clients several MICRO, STANDARD, ZERO and ULTRA LOW trading accounts, with a minimum deposit of $5 for micro accounts with low spreads, flexible leverage with maximum levels in accordance with the regulations in force in each country where the broker operates, ultra-fast execution, and good customer support available by phone, fax, email or live chat.

Founded in: 2008
regulation cysec, FCA,ASIC,IFSC
min. Deposit $5
mini. Lot size: 0.01 lot
leverage: 1:888
platforms: metatrader 5, metatrader 4
payment options: bank wire, credit card, neteller, skrill, webmoney and more

2. Hotforex
hotforex is an international forex broker that offers its retail, corporate and white label clients access to interbank interest rates through an advanced automated trading platform. Fully licensed and regulated by cysec, FSB, FSC and other regulatory bodies.

The company offers a wide range of trading account types, tools that allow customers to trade cfds and currencies on the web. The minimum deposit to open a trading account with hotforex is $5, with tight pricing based on your trading account, a leverage of up to 1:1000 depending also on your trading account.

Hotforex offers as a trading platform metatrader 4 and metatrader 5 which is available through the software, mobile apps and hotforex also offers a web-based trading platform for those who like trading via the web.

As for customer support, the company has set up an excellent support centre combining professionalism and listening, accessible via several fixed lines, emails and a contact form.

Founded in: 2010
regulation FSCA, cysec, FSC, DFSA,
min. Deposit $5
mini. Lot size: 0.01 lot
leverage: 1:1000
platforms: metatrader 5, metatrader 4, hotforex FIX/API
payment options: bank wire, credit card, neteller, skrill, fasapay, webmoney, cashu and ukash.

Exness is a broker founded in 2008 and regulated by cysec and FCA. It has six additional registrations in different countries.
Exness offers clients more than 120 financial instruments to trade, including currencies, precious metals and crypto-currencies, forex to choose from.

Exness’ main mission is to offer all its clients the best possible service, as well as access to the latest trading technology. Exness offers two trading platforms metatrader 4 and metatrader 5, beginner traders will find here the opportunity to follow a quick training using demo and cent accounts, as well as with a minimum deposit and leverage of up to 1:2000 depending on your account and country. For professional late arrivals you will find here everything you need for currency trading with tight spreads, high speed order execution, a wide choice of trading instruments, the presence of ecn accounts, the possibility of using expert advisors and all trading strategies.

Founded in: 2008
regulation cysec
min. Deposit $1
mini. Lot size: 0.01 lot
leverage: 1:2000
platforms: metatrader 4, metatrader 5, webplatform
payment options: bank wire, credit card, neteller, skrill

4. Easy markets
easymarkets is a broker that has been offering trading services since 2003. The company is engaged in forex trading in nearly 150 countries. Easymarkets is regulated. This means that easymarkets are supervised by the cysec and asic regulatory authorities, whose conduct is controlled.

Easymarkets is a broker that offers several trading platforms including a web-based trading platform that allows you to trade from any computer, anywhere in the world. The metatrader 4 trading platform provides extensive support for technical traders, graphs, indicators and various other analysis tools. Tarderdesk offers a customized marketing error, which allows customers to create customized trading presentations.

Easymarkets offers a range of account options tailored to each operator. This included all commission-free transactions and fixed spreads, leverage of up to 1:300, allows you to trade multiple trading instruments such as more than 300 markets, including currencies, commodities, metals, vanilla options and indices, and customer support available in multiple languages 24/5.

Founded in: 2001
regulation cysec, ASIC
min. Deposit $100
mini. Lot size: 0.01 lot
leverage: 1:400
platforms: web trading, metatrader4, iphone app
payment options: bank wire, credit card, neteller, skrill, webmoney

5. Markets.Com
markets.Com is a broker that offers its clients the possibility to trade several trading instruments such as gold, equities, oil, commodities, equities, currencies and many others.

Markets.Com offers three types of classic, standard, or premium trading accounts, with a minimum deposit of $100 to open an account. As for trading platforms they offer a range of trading platforms to cover all possible trading needs. Metatraders 4 which is the most equipped, powerful and user-friendly platform among the heaviest on the scale, markets web trader is their own trading platform that is available on the web, and markets mobile trader covers another essential aspect of mobile online trading, you can also read about zero spread forex brokers.

Markets.Com does not charge any commissions or trading fees on its platform and the trading company provides traders with fixed spreads that are properly tightened and fully dependent on the market situation. Markets.Com also provides a default leverage of 1:50 on all departure positions. The maximum leverage is 1:300 depending on your country and trading accounts.

Founded in: 2006
regulation cysec, ASIC, FSCA
min. Deposit $100
mini. Lot size: 0.01 lot
leverage: 1:200
platforms: web trading, metatrader4, mobile app, markets webtrader
payment options: bank wire, credit card, neteller, skrill, paypal

Top 10 best forex brokers for big accounts 2021

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Are you looking for the best forex broker for big accounts because you want to start making some serious trades?

First off, it is well-known that many brokers try to offer big accounts, in fact, they are very competitive on this point. In order to stay competitive, brokers often need to offer potential clients more than just a large account.

Some of the best forex brokers for large accounts have services dedicated to those who want to move large volumes or offer advantageous conditions for those who make large deposits, like VIP accounts or particularly favorable trading conditions.

The best forex brokers should also strive to impress you with other features too like their platform and number of instruments, and, most importantly, reflect the trading style you wish to emulate.

So, in this article, we’re going to look at forex brokers for large accounts that provide their clients with a truly reliable and trustworthy service.

Remember, don’t just look for a ‘big account’, look for a service with the benefits you want.

Top 10 of the best forex brokers for large accounts for 2021

1. Pepperstone

Pepperstone is a solid all-rounder when it comes to forex trading and is highly recommended by many. A lot of their success is down to their razor ECN account which benefits from some of the best technology on offer, flexible leverage and advanced algorithms. Professional clients are also able to reap a number of benefits with pepperstone too, such as leverage as high as 1:500 on certain instruments, meaning their funds can go further. In 2018, they were also rewarded ‘best forex ECN broker’ by the UK forex awards.

Alongside these accolades and benefits, trading at pepperstone brings a great experience with some of the fastest execution and lowest spreads around, starting from 0 pips. For those looking for big account trading, pepperstone offers VIP treatment through their active trader program. This means that once you make a significant deposit and trade at least 200 lots per month, you will be eligible for these VIP benefits. The program is highly regarded among big traders and can lower your trading cost as much as 15% along with rebates and other benefits.

Big forex brokers

The best forex brokers for large accounts 2021.

You tend to see myriads of posts and articles related to the best brokers for small forex traders, but finding a good institutional forex broker for large accounts is equally as difficult as the former.

Since the average retail trader is starting up with small capital, finding good guidance is troublesome for bigger investors who need large account forex brokers. However, it is time to fix that issue right now.

When do you need large account forex brokers?

This is subjective, yet it is important to determine what we will use as a “large account” for the purpose of this article.

It can be considered as “large” any account funded with more than $10,000 USD .

Not only is this beyond the VIP account for many brokers, but it also grants you access to exceptional trade sizes when paired with leverage.

Additionally, large account forex brokers are a necessity if you plan on depositing this amount (or more) in a gradual way.

That is, a large account also occurs when your overall funding plan (in parts) meets or exceeds this sum.

The reason why this quantity requires a special forex broker is that the risk becomes greater than with accounts funded with $1,000 or less. You become much more paranoid as your funds increase.

With that in mind, anyone willing to invest $10,000 or more will also expect the best possible performance in the market, and that is a feature belonging to a handful of brokers.

What makes A good forex broker for large accounts?

There are not many traders who own such amounts of money for an initial investment, so you need to be aware of what that makes you; you must expect excellency from anything handling that money.

First, you need the ability to choose an account that can guarantee the best features and tools for the standard your investment demands.

Most forex brokers offer better add-ons as your initial deposit increases, so you should be able to take full advantage in the moment you open an account.

Since keeping that money safe is a priority, most large traders will opt for licensed institutional forex brokers.

We cannot judge you for preferring unregulated brokers as long as you know what you are doing, but regulated brokers are required to have measures for safeguarding your investment in case of an emergency. Keep yourself informed about any broker you choose.

Another important feature to look for is the platform they offer.

Market maker are unlikely to be good large account forex brokers due to how they compete against the trader, so it is much better to go with ECN or similar brokers that let you trade against the market and not the broker.

A large account makes you able to deal with large institutions, and you should!

Last but not least, account segregation can be a fundamental advantage and safety measure when it comes to broker features for large accounts. However, this can be a somewhat rare feature even among the best brokers, so it should not be prioritized.

Which are the best institutional forex brokers for large investors?

The following brokers fulfill—at least—most of the requirements listed above, so feel free to choose one among our favorites!

Top 3 forex brokers for large accounts

IC markets

IC markets was also founded in australia, making it regulated by the ASIC, and it has grown exponentially as time progresses, with many users today proving their effectiveness.

The broker offers a quantity of trading platforms to suit every trader, with MT4 and 5 as well as ctrader. Clients can trade over 60 forex pairs and several cfds, from metals to cryptocurrencies. Copy trading is also available with the famous zulutrade. All platforms include a mobile version.

Trading accounts are equal in pricing, for they differentiate by offering different commission and fees as well as which platform is accessed. The idea is not to divide users by initial deposit but by trading styles.

Lastly, customer service is efficient, with connection times not reaching a full minute (for phone users).

Fp markets

FP market is the second broker risen as an “opposition” to the popular market makers that spearheaded the CFD insertion in australia. The result is FP markets, the longest running DMA broker of the region, so that is another check for the list of requirements.

While they do not have their own platform, they offer MT4 and IRESS for their customers, with access to several global exchanges and trading instruments. Both platforms are also available ios, android, and mac—the last being a strong point in the forex market.

As for our search of institutional forex brokers for large accounts, FP markets has a minimum deposit of $1,000 for their professional account, with platinum and premier opening for $25,000 and $50,000 respectively.

Each account gradually offers less commissions and fees to the point where premier users pay virtually nothing.

The broker is regulated by the ASIC, with client funds stored in the national australian bank and dealt according to the nation’s financial standards.

High leverage forex brokers

What is forex broker leverage?

The forex trading indeed is known for its leveraged trading possibility, which means that the trader is able to use the leverage strategy or “borrowed” capital as its funding source.

View our complete list fo the best high leverage forex brokers on the planet.

Simply, leverage tool opening opportunities to your trading account operate larger volume and trade currency pairs through an initially small balance.

This method expands trading base and multiplying the initial trading account balance timely, which in return leads to potential bigger returns, yet magnifies higher risks of losses as well.

The leverage level usually expressed as a ratio, means the trader should have at least a particular percentage of the total available volume (e.G. Leverage 1:100 requires 1% of volume).

Is forex a gamble?

Indeed, you may find brokers that allow you to trade with only 5$ at the very beginning which often seems like gambling or a pure scam. However, it is all about a broker you trade with if you would choose a regulated serious broker from a reputable jurisdiction which obliges to legislation laws and constantly overseen it is considered a safe investment.

Which forex brokers are safest to trade with?

Along with leverage great possibility you definitely should stick to a smart choice of the broker as well, since many brokers around are simply scams with tempting income opportunities. So safest and the best forex brokers are the ones that are regulated.

Besides numerous obligations and terms regulated broker follows, authorities also restrict leverage as well, which vary from the jurisdiction to another.

Read more about regulated forex brokers by the link.

Indeed, leverage involves the high potential to lose money easier as well, which caused reputable jurisdictions and respected authorities like US FMA and CFTC along with recent update from european ESMA take necessary measures and limit offered and allowed levels of leverage. Yet, some authorities still offer high ratios

The current maximum for trading financial market in the US regulated broker may offer leverage of 1:50, while the european broker under ESMA allowed using only 1:30

Australian regulation ASIC, which is highly respected for its regulatory guidelines and maintenance of fair, transparent run of australian brokers did not restrict requirement to lower leverage. Thus, forex brokers with ASIC license may offer leverage up to 1:400 or even 1:500.

What leverage is best for newbie?

If you are a newbie or a very beginner in trading, of course, you should first learn deeply how to operate trading safely and use leverage smartly.

It is recommended to choose among forex brokers suitable for beginners since those brokers offering educational materials and support you at first steps.

As for the leverage itself, it is best not to use the highest leverage ratios at the very beginning, but to balance it with a good strategy, also you may check out micro lot trading, which requires smaller amounts and is good for practice.

Do not strive for a million income at your first steps, but better deploy a good strategy and generate wealth step by step.

How to choose forex broker?

As we already see, due to european, US regulations and other restrictions implemented on the leverage it caused many worldwide traders of smaller sizes mainly to search for alternative opportunities. As the majority of international traders are in use to see brokers with high leverage levels like 1:400, 1:500 or even more.

Of course, the choice is yours, but verify with the broker first, as many reputable brokers holding several licenses and run entities in various jurisdictions, so still able to offer higher ratios for leverage by a simple register of account under certain regulation.

In addition, the forex broker review list below designed for you to assist in the selection and defines only serious regulated brokers that offer high leverage ratios. So see below detailed reviews along with professional research materials including trading conditions, spreads, traders’ comments and more.

What is the most important thing to keep in mind in forex trading?

What we can conclude is that while the majority of companies recently use low leverage ratios, it is solely a choice of a trader under which entity to trade and either use brokers with high leverage ratios or not. You should keep in mind involved high risks in forex trading, especially when you use leverage.

From our side, it is important to deliver a message about leverage risks and courage our readers or traders to learn how to use leverage smartly in order to perform better trading. And, of course, do not be allured by the highest ratios of leverage alike 1:1000, it should actually alert any trader, as such levels are extremely risky and are used only by the brokers that are either offshore or nor regulated at all, which should be avoided by any cost.

Top 10 best high leverage forex brokers 2021

Top rated:

Are you looking for the best high leverage forex brokers because these days you are only finding forex brokers with very low leverage?

Are you an EU resident and would you like to find serious brokers with high leverage?

Do you want to know what are the top high leverage brokers specifically in the UK?

Some of the major forex brokers still offer the possibility of trading with high leverage.

But let’s see everything together.

Typically, high leverage forex brokers have the advantage of offering tempting conditions for the rookie trader. High leverage usually comes with no minimum deposit requirement or just a symbolic one, for instance.

Therefore, traders are attracted by the simplicity and easiness to access the interbank market, while ignoring the rule of thumb regarding the risk.

Higher leverage, by definition, means higher risk.

Are high leverage forex brokers riskier than other ones? The right answer is no.

All of them offer different types of trading accounts that suit every kind of trader. Swing traders and investors alike have access to quality execution, ECN accounts, and excellent trading conditions.

Even among the best forex brokers with high leverage, some trading accounts and conditions are incredible. Moreover, the high leverage refers to only specific types of trading accounts and doesn’t apply to all regions of the world.

As usual, we’ve put together the top ten brokers fitting this category, with all the things to consider like regulation, brokerage type, minimum deposit conditions or the markets offered for trading.

Higher leverage in a trading account is perceived as riskier due to the possibility of consuming all the funds if things go wrong. As beginners, traders who usually ignore money management techniques, are destined to face harsh market conditions sooner rather than later.

Therefore, pay close attention and try to consider all risks well and manage them as best you can, especially if you decide to use high leverage.

Biggest forex brokers 2021 – best forex brokers for big accounts

Xm – best overall broker 2020, tight spreads

Hotforex – best client funds security global, most reliable online trading platform 2019

Exness – multiple account types and execution methods,

Markets.Com – extensive in-platform research, mobile apps sync with web platform

Easymarkets – well regulated broker

1. XM
XM is a global forex broker founded in 2008, this broker is regulated by the FCA in the united kingdom, ASIC in australia and cysec in cyprus.

As for customer support, the company has set up an excellent support centre combining professionalism and listening, accessible via several fixed lines, emails and a contact form.

5. Markets.Com
markets.Com is a broker that offers its clients the possibility to trade several trading instruments such as gold, equities, oil, commodities, equities, currencies and many others.

Stop hunting with the big forex players

The forex market is the most highly leveraged financial market in the world - meaning that traders take on debt to acquire larger positions than they could with only their cash on hand. In equities markets, the standard margin could be set at 2:1, which means that a trader must put up at least $50 cash to control $100 worth of stock. In options, the leverage may increase to 10:1, with $10 controlling $100. In the futures markets, the leverage factor is as high as 20:1.

Key takeaways

Because forex trading involves a great deal of leverage, traders large and small often employ stop and stop-limit orders to stave off margin calls or lock in profits automatically.

Stop hunting is a strategy that attempts to force some market participants out of their positions by driving the price of an asset to a level where many have chosen to set their stop-loss orders.

The triggering of several stop losses at once can lead to high volatility and present a unique opportunity for investors who seek to trade in this environment.

Leverage in forex markets

For example, in a dow jones futures e-mini contract, a trader only needs $2,500 to control $50,000 worth of stock. However, none of these markets approaches the intensity of the forex market, where the default leverage at most dealers is set at 100:1 and can rise up to 200:1. that means that a mere $50 can control up to $10,000 worth of currency. Why is this important? First and foremost, the high degree of leverage can make FX either extremely lucrative or extraordinarily dangerous, depending on which side of the trade you are on.

In FX, retail traders can literally double their accounts overnight or lose it all in a matter of hours if they employ the full margin at their disposal, although most professional traders limit their leverage to no more than 10:1 and never assume such enormous risk. But regardless of whether they trade on 200:1 leverage or 2:1 leverage, almost everyone in FX trades with stops. In this article, you'll learn how to use stops to set up the "stop hunting with the big specs" strategy.

Stops are key

Precisely because the forex market is so leveraged, most market players understand that stops are critical to long-term survival. The notion of "waiting it out," as some equity investors might do, simply does not exist for most forex traders. Trading without stops in the currency market means that the trader will inevitably face forced liquidation in the form of a margin call. With the exception of a few long-term investors who may trade on a cash basis, a large portion of forex market participants are believed to be speculators, therefore, they simply do not have the luxury of nursing a losing trade for too long because their positions are highly leveraged.

Because of this unusual duality of the FX market (high leverage and almost universal use of stops), stop hunting is a very common practice. Although it may have negative connotations to some readers, stop hunting is a legitimate form of trading. It is nothing more than the art of flushing the losing players out of the market. In forex-speak they are known as weak longs or weak shorts. Much like a strong poker player may take out less capable opponents by raising stakes and "buying the pot," large speculative players (like investment banks, hedge funds and money center banks) like to gun stops in the hope of generating further directional momentum. In fact, the practice is so common in FX that any trader unaware of these price dynamics will probably suffer unnecessary losses.

Because the human mind naturally seeks order, most stops are clustered around round numbers ending in "00." for example, if the EUR/USD pair was trading at 1.2470 and rising in value, most stops would reside within one or two points of the 1.2500 price point rather than, say, 1.2517. This fact alone is valuable knowledge, as it clearly indicates that most retail traders should place their stops at less crowded and more unusual locations.

More interesting, however, is the possibility of profit from this unique dynamic of the currency market. The fact that the FX market is so stop driven gives scope to several opportunistic setups for short-term traders. In her book "day trading the currency market" (2005), kathy lien describes one such setup based on fading the "00" level. The approach discussed here is based on the opposite notion of joining the short-term momentum.

Taking advantage of the hunt

The "stop hunting with the big specs" is an exceedingly simple setup, requiring nothing more than a price chart and one indicator. Here is the setup in a nutshell: on a one-hour chart, mark lines 15 points of either side of the round number. For example, if the EUR/USD is approaching the 1.2500 figure, the trader would mark off 1.2485 and 1.2515 on the chart. This 30-point area is known as the "trade zone," much like the 20-yard line on the football field is known as the "redzone." both names communicate the same idea – namely that the participants have a high probability of scoring once they enter that area.

The idea behind this setup is straightforward. Once prices approach the round-number level, speculators will try to target the stops clustered in that region. Because FX is a decentralized market, no one knows the exact amount of stops at any particular "00" level, but traders hope that the size is large enough to trigger further liquidation of positions – a cascade of stop orders that will push price farther in that direction than it would move under normal conditions.

Therefore, in the case of long setup, if the price in the EUR/USD was climbing toward the 1.2500 level, the trader would go long the pair with two units as soon as it crossed the 1.2485 threshold. The stop on the trade would be 15 points back of the entry because this is a strict momentum trade. If prices do not immediately follow through, chances are the setup failed. The profit target on the first unit would be the amount of initial risk or approximately 1.2500, at which point the trader would move the stop on the second unit to breakeven to lock in profit. The target on the second unit would be two times initial risk or 1.2515, allowing the trader to exit on a momentum burst.

Aside from watching these key chart levels, there is only one other rule that a trader must follow in order to optimize the probability of success. Because this setup is basically a derivative of momentum trading, it should be traded only in the direction of the larger trend. There are numerous ways to ascertain direction using technical analysis, but the 200-period simple moving average (SMA) on the hourly charts may be particularly effective in this case. By using a longer-term average on the short-term charts, you can stay on the right side of the price action without being subject to near-term whipsaw moves.

Let's take a look at two trades – one a short and the other a long – to see how this setup is traded in real time.

Note that in this example, on june 8, the EUR/USD is trading well below its 200 SMA, indicating that the pair is in a strong downtrend (figure 1). As prices approach the 1.2700 level from the downside, the trader would initiate a short the moment price crosses the 1.2715 level, putting a stop 15 points above the entry at 1.2730. In this particular example, the downside momentum is extremely strong as traders gun stops at the 1.2700 level within the hour. The first half of the trade is exited at 1.2700 for a 15-point profit and the second half is exited at 1.2685 generating 45 points of reward for only 30 points of risk.

The example illustrated above in figure 2 also takes place on the same day, but this time in the USD/JPY the "trade-zone" setup generates several opportunities for profit over a short period of time as key stop cluster areas are probed over and over. In this case, the pair trades well above its 200 period SMA and, therefore, the trader would only look to take long setups. At 3 a.M. EST, the pair trades through the 113.85 level, triggering a long entry. In the next hour, the longs are able to push the pair through the 114.00 stop cluster level and the trader would sell one unit for a 15-point profit, immediately moving the stop to breakeven at 113.85. The longs can't sustain the buying momentum and the pair trades back below 113.85, taking the trader out of the market. Only two hours later, however, prices once again rally through 113.85 and the trader gets long once more. This time, both profit targets are hit as buying momentum overwhelms the shorts and they are forced to cover their positions, creating a cascade of stops that verticalize prices by 100 points in only two hours.

The bottom line

The "stop hunt with the big specs" is one of the simplest and most efficient FX setups available to short-term traders. It requires nothing more than focus and a basic understanding of currency market dynamics. Instead of being victims of stop hunting expeditions, retail traders can finally turn the tables and join the move with the big players, banking short-term profits in the process.

How big is the forex market?

The foreign exchange, or forex market, is without question one of the largest and busiest financial markets in the world. With forex trading taking place around the clock, from when traders in london go to sleep on sunday night, to when traders in asia wake up on saturday morning, the forex market can truly be called the market that never sleeps.

To give some indication on the sheer size of it, in 2016 the forex market had an average turnover of over US $5 trillion, every day.

These stats, and those to follow, are based upon one of the most comprehensive sources of data for the global forex market, the april 2016 triennial survey on foreign exchange and OTC derivatives trading by the bank for international settlements (BIS).

The BIS’s triennial survey produces data on the volume of forex trading, which is used by market analysts around the world, as well as historical data dating back to 1996 depicting how the forex market has expanded both in size and geographical range over the years.

Furthermore, the BIS is currently scheduled to release an updated forex market survey for april 2019, with results being released in september of 2019 for forex turnover. This will then be followed in november 2019 with an account for the outstanding forex amounts, with the full 2019 triennial survey report then scheduled for release in december 2019.

The size of the forex market by currency and currency pair

As of april 2016, the largest volume of any currency traded was the US dollar, which accounted for 87.8% of total forex trading volume, and only slightly above its share of 87% of traded volume in 2013. The second most popular traded currency was the euro, the consolidated currency of the european union (EU), composing 31.3% of the total traded volume. Here, the euro showed a slight decline in trading from 2013’s 33.4% registered volumes. In third was the japanese yen with a market share of 21.6%, a slight decrease from 23.1% in 2013, followed behind in fourth by the UK’s pound sterling, which held a market share of 12.8% in 2016, up 1% from the 11.8% observed in 2013.

With respect to the volume of currency pairs traded, the EUR/USD pair scored the highest in 2016 with a trading volume share of 23% on a net-net basis, down from 24.1% in 2013. A close second was the USD/JPY pair with a 17.7% share in 2016, which also fell from its 18.3% share seen in 2013’s survey.

Other major currency pairs include GBP/USD, AUD/USD, USD/CAD, USD/CNY and USD/CHF, which are listed in declining order of their trading volume share.

Forex market turnover by instrument

When it comes to the popularity of instruments traded in the forex market, the highest amount of forex market turnover occurs in foreign exchange swap transactions. As per the BIS survey in april 2016, the daily average amount of foreign exchange swaps traded was $2.37 trillion. Furthermore, the next most popular instrument for forex traders were spot transactions with a total of $1.65 trillion being traded in april 2016. These instruments were followed in popularity by forward outrights, forex options and currency swaps.

OTC forex turnover by instrument in april 2016
daily averages, in millions of US dollars
total	spot transactions	outright forwards	foreign exchange swaps	currency swaps	FX options
total, “net-net” basis	5,066,955	1,652,349	699,676	2,378,304	82,151	254,414
*by currency*
USD	4,437,554	1,385,410	599,764	2,160,211	73,820	218,350
EUR	1,590,573	519,363	177,530	807,131	22,290	64,259
JPY	1,095,562	394,931	151,068	457,929	18,119	73,516
GBP	648,576	211,054	92,005	305,393	10,360	29,765
AUD	348,312	142,932	40,877	137,877	7,052	19,574
CAD	260,408	104,551	34,482	103,060	4,256	14,060
CHF	243,419	57,286	29,833	149,727	1,702	4,870
CNY	202,055	67,555	27,984	86,030	2,618	17,868
SEK	112,321	33,710	13,386	59,081	872	5,272
other currencies	1,195,130	387,906	232,425	490,168	23,213	61,293

Forex turnover of the various forex market participants

In 2016, the types of forex market participant that had the biggest forex market turnover were reporting dealers. These turned over more than $2.1 trillion in transaction volume, with other financial institutions accounting for the remaining daily turnover of $2.5 trillion.

In contrast, prime brokered transactions amounted to $887 billion and non-financial customers only turned over $381 billion as of april 2016. Moreover, hedge funds and proprietary trading firms (ptfs) had a transaction volume of $389 billion, while retail forex transactions accounted for an even smaller amount of $282 billion of the total forex market turnover in that month.

OTC forex turnover by counterparty in april 2016
daily averages, in millions of US dollars
total	spot transactions	outright forwards	foreign exchange swaps	currency swaps	FX options
total, “net-net” basis	5,066,955	1,652,349	699,676	2,378,304	82,151	254,414
by counterparty
with reporting dealers	2,120,759	605,344	189,029	1,205,038	37,835	83,513
local	673,340	203,673	58,915	373,928	14,287	22,537
cross-border	1,447,419	401,670	130,114	831,110	23,548	60,976
with other financial institutions	2,564,432	929,512	430,741	1,026,125	37,341	140,713
local	900,645	333,728	157,886	343,884	13,220	51,927
cross-border	1,663,788	595,784	272,855	682,242	24,121	88,786
non-reporting banks	1,113,499	353,645	135,681	563,848	18,002	42,323
institutional investors	797,726	290,477	171,089	277,933	6,287	51,940
hedge funds and ptfs	389,338	200,344	82,441	65,971	8,883	31,699
official sector	73,558	13,909	14,187	42,661	1,545	1,255
other	182,375	68,437	26,004	71,950	2,569	13,415
undistributed	7,935	2,699	1,340	3,762	54	80
with non-financial customers	381,703	117,494	79,906	147,141	6,976	30,187
local	224,174	82,041	55,303	66,397	3,287	17,145
cross-border	157,529	35,452	24,603	80,743	3,689	13,042
prime brokered	887,151	564,007	118,891	143,180	3,205	57,868
retail-driven	282,529	60,429	21,609	177,778	3,321	19,393

Countries with the biggest forex market transaction volume

Forex market transaction volumes differ substantially among countries that host sizeable numbers of forex market participants. By far, the largest geographic centre for forex trading is the united kingdom with more than $2.4 trillion traded on average each day in april 2016.

In fact, the UK’s trading volume accounted for almost half of the $5.06 trillion average daily volume traded during that period.

The country with the second-largest forex trading volume is the united states with an average daily transaction volume of $1.27 trillion. That impressive turnover was followed by several asian countries, with singapore, hong kong SAR and japan showing average daily volumes of $517 billion, $436 billion and $399 billion respectively.

Overall, the foreign exchange sales desks and systems located in just the five countries mentioned above transacted 77%of all foreign exchange trades performed in april 2016.

OTC forex turnover by country in april 2016
daily averages, in millions of US dollars
total	spot transactions	outright forwards	foreign exchange swaps	currency swaps	FX options
total, “net-net” basis	5,066,955	1,652,349	699,676	2,378,304	82,151	254,414
united kingdom	2,406,301	784,254	265,898	1,161,152	52,699	142,248
united states	1,272,122	580,990	219,141	391,241	6,526	74,224
singapore	517,197	121,642	104,675	248,002	6,101	36,777
hong kong SAR	436,557	91,580	44,187	275,894	12,123	12,772
japan	399,028	109,917	62,669	205,742	5,808	14,892
france	180,600	22,766	15,211	136,511	1,636	4,475
switzerland	156,431	25,335	8,441	116,404	13	6,239
australia	121,271	26,769	9,621	80,684	3,213	983
germany	116,381	22,944	5,631	85,247	1,438	1,121
other countries	908,508	267,824	94,316	508,534	16,143	21,658

OTC forex market turnover by execution method

The most common forex transaction execution method was via electronic direct services, which accounted for the highest amount of forex market turnover totalling $1.66 trillion traded according to BIS’s april 2016 report. The second most common trading method was through voice direct, which reached a daily average of $1.40 trillion in forex transactions. This was followed in popularity by electronic indirect transactions of $1.12 trillion.

The least common execution type consists of the voice indirect method with only $755 billion in average daily transactions. Whilst, undistributed trade executions accounted for only $109 billion on average per day.

OTC forex turnover by execution method in april 2016
daily averages, in millions of US dollars
total	spot transactions	outright forwards	foreign exchange swaps	currency swaps	FX options
total, “net-net” basis	5,066,955	1,652,349	699,676	2,378,304	82,151	254,414
voice direct	1,409,508	410,394	257,563	589,904	28,667	122,915
voice indirect	755,398	142,103	60,717	472,605	17,812	62,161
electronic direct	1,666,213	704,151	226,828	678,576	16,949	39,709
electronic indirect	1,126,122	372,983	138,745	574,464	14,455	25,474
undistributed	109,717	22,718	15,822	62,754	4,268	4,154

How forex traders benefit from trading a large market

The sheer size of the forex market, and its correspondingly large number of professional and retail participants, are the key contributing factors to the high degree of liquidity that the forex market offers. Additionally, due to these factors, the foreign exchange market is much harder for big financial institutions and traders to manipulate and influence. Nevertheless, it is possible for central banks to sometimes shift the market by using their large currency reserves.

Additionally, market shocks do still sometimes occur in affected currency pairs due to unanticipated news events. A classic example was the so-called swiss shock in january 15, 2015 when switzerland pulled out of its managed exchange rate regime that had placed a ceiling on the swiss franc value relative to the EU’s euro. This surprise announcement by the swiss national bank resulted in a sharp spike higher for the franc, resulting in drastic profit and losses for forex traders and financial institutions.

Overall, the forex market’s large size, depth and high liquidity means that big trades do not generally solely cause excessive exchange rate moves in the market, contributing towards unwelcome volatility and unanticipated trading losses.

Forex trading strategies — beware the big banks

Any forex trading strategies you find out there are useless unless you know who controls price, and how they do it. Actually, it’s a must-know if you’re going to have any chance of winning. We should get started.

If you’d rather watch the video, you may do so here:

So picture this

You’re a professional fighter. You have a fight scheduled with a much larger man who knocks people out cold, and does it often. What do you do?

Hint: you’re not mike tyson

1) study how he fights, what his tendencies are, and what makes him react the way he does?

2) don’t do any of that, waltz right into the ring on fight day, and hope for the best.

If you value your life, even a little, you’re obviously going to do whatever you can to not only figure out how to defend yourself, but how you can exploit his weaknesses and maybe, just maybe, come out the winner.

Not doing anything is obviously a terrible strategy. Nobody in their right mind would go that route.

Yet everyone wants to know all these little forex tips and forex trading strategies — these quick little cutesie-poo things they can do do make a profit, yet they have no idea who they’re battling, and have even less of an idea what that enemy does.

Because of this, they can learn every forex trading strategy in the book, and it won’t matter. It’s all a gigantic waste of time.

But good news! This “enemy” I’m talking about can help you win big — over and over again. But you’ll need to read this blog entry to understand how.

And I prove my case at the end.

One of the best forex trading strategies there is

In the forex market, do you know who ultimately makes price go up and down on a day-to-day basis? It’s not us. This isn’t stock trading.

It’s not central governments either. They’re involved in much longer-term dealings, not so much the day-to-day stuff.

Forex is a 4-5 trillion dollar a day market. It would take entities with extraordinary trading capital to move such a market every day like that.

Those entities exist. They are our “enemy”. I refer to them as the “big banks”.

One of the Big Banks. Forex Trading Strategies never take them into account. Shame.

I try not to include boring, useless info in my blog posts, I almost obsess over this one detail. This is no nonsense forex after all. I want every line to have tremendous value to you as a forex trader.

But for the sake of qualifying what I’m saying, these next three lines are important.

Forex is dominated by something called the interbank market, where banks of all sizes amongst each other. The largest banks control over 50% of this interbank market.

From what I remember, and sites like investopedia reinforce this, those banks are….

And maybe now a chinese bank or two.

But that part isn’t important to you. What absolutely is, is how they manipulate price.

And yes, they do manipulate price, over and over and over. Forex is a rigged game.

But that’s the beauty of it! If you know how it’s rigged, you can profit tremendously. If you don’t, you’re always going be on the side that’s getting screwed.

You must understand how this works. (it’s kinda cool, actually)

I’m going to reference the “big banks” (and I’m going to stop putting it in quotes now) over and over in my blog posts and on my youtube channel, because they are that important. Listen up.

I’m going to over-simplify this process a lot here, but it really doesn’t need to be any more complicated than this….

If you are a trader for these banks, your job is to do two things:

1)) take money out of the spot forex pool (where our money is)

2) redistribute that money back into the market, so you can make the price of a currency go up or down

Now the real shit begins.

Nobody likes the Big Banks, especially forex traders

Whose money do they take? Some home traders do make lots of money in spot forex trading, so how does this whole thing go about?

Traders for the big banks get a chance to see something most of us cannot — where the money is sitting.

Let’s take the euro for example. They know if most of the money is currently long or short the euro. They also know where most of the pending orders are sitting — long or short.

Let’s say most of the money and pending orders are certainly net long. Now they have a choice to make.

Take the price of the euro long for a good long while, and reward everyone who went long with a nice profit. (big banks lose)

Take the price of the euro immediately short, forcing most of those long traders to exit out at a loss. (big banks win)

Take the price of the euro long, just enough to trip those long orders, THEN take the euro short. (big banks win even more)

I’ll spoil the surprise, it’s mostly options 2 and 3.

It is sometimes option 1, and that’s the sneakiest move of them all. I’ll explain towards the end.

But they get to use options 2 and 3 over and over again, every trading day of the year, because spot forex traders don’t learn from their mistakes. How nice it must be! The gift that just keeps on giving.

A wry smile should have come across your face at this point, because you may be slowly starting to understand one gigantic thing here:

We can REALLY use this to our advantage. The payoff is towards the end, but keep reading. You must know why they lose first. It’s crucial to everything you’ll ever see from me in the future.

Why the big banks get you every time

As I’ve said before, what you eliminate is often more important that what you do instead. Nowhere is this more true than it is here.

Let’s ask ourselves this: why is most of the money long or short for a given currency pair?

Most forex traders use primarily technical analysis to trade, which is good, they should be. Technical analysis in forex is key to beating this game.

The problem is, they do it all wrong.

I reference a very popular set of forex technical analysis tools called the dirty dozen. You are probably using some combination of them right now. If you’re looking for forex trading strategies somewhere else, they will probably include one of these losers. They are….

Support and resistance lines

Moving average crossovers

Rarely is there a forex trading strategy that does NOT use one of these 12 concepts.

Here’s the rub: when the vast majority of traders are using the same tools, they all tend to go long and short in the same places. This tells the traders for the big banks what to do!!

Spot forex traders give the big banks a freaking road map to where to go take their money.

Why are you still one of these people?

Forex brokers know this too

Many forex brokers are “dealing desk” brokers, meaning they make their money simply by automatically taking the other side as you do. To me, this is a great model since most traders lose their ass, and you now get to actually BE the casino.

This also protects them against financial disasters like when the EUR/CHF crashed. Right before it happened, 70 traders were net long for every one trader who was net short. Read that last sentence again. 70 to 1!!

Knowing what you know now, what do you think happened? Care to guess?

Dealing desk brokers made out like bandits. Brokers who weren’t, like my beloved FXCM, took it on the chin so hard, they had to get bailed out, or risk completely going under.

And oh, by the way….

Do you remember how I told you how traders for the big banks will sometimes give spot forex traders a win here and there? It was above where I told you the three things they do. I’m referring to option #1, “reward everyone who went long, for example, with a nice profit”.

The reason why was always obvious to me. Then again, I’ve lived in las vegas for the past 12 years.

Just like casinos, if they don’t give you a win, or even a series of wins here and there, you’re going to give up and stop playing. This is a very bad long-term strategy. But like casinos, big banks are rich beyond belief for a reason. They understand this “long game”.

And what does these small “wins” for traders create? People who SWEAR by support and resistance lines, people who SWEAR by fibonacci trading, and people who will actually come to the defense of something as terrible as the RSI indicator.

Is it because they’ve achieved their wildest dreams in FX trading using these tools? LOL, no.

It’s because humans are emotional, and they remember the times they won because of how great and intelligent it made them feel, and they wrote off the losses.

Because this is just what we do. We’re all guilty of it.

The big banks understand this balance between keeping forex traders in the game, and extracting every dollar they can from them at the same time.

They could care less that there are some of us who consistently win, because over the long haul, they still win big in the overall game.

And unlike casinos, if you are a consistent winner, they can’t kick you out!

So this is how we win

We don’t try to “beat” the big banks.

We take our cut of the money sitting there in the spot forex pool, and the big banks never even see us do it!

1) using really great forex technical analysis, because by having it, you can still predict very accurately where price is going

2) making sure we avoid the tools that make us part of the popular crowd.

Just like life, once high school is over, the popular kids typically fall apart, and the nerds take over. In FX trading, the last thing you want to be is popular. It puts you on the big banks radar, and that’s the last place you want to be.

Do not misunderstand this. The big banks cannot see YOUR order personally, but they can see which position is the most popular.

And I’ll repeat: you do NOT want to be popular in the world of forex trading.

Forex trading is all about being hidden from the banks.

Be hidden from the banks. Like ninja!

If there’s a “major price level” at 1.4500 on the GBP/USD for example, don’t you think the banks know that? Don’t you think they know there are going to be tons of orders there?

If the RSI indicator, the stochastic oscillator and bollinger bands are all telling you the EUR/USD is “overbought” on the 15 minute chart, you don’t think the banks know that too?

They don’t even need to have these tools themselves. They’ll know right when they see a bunch of short orders popping up all at one time.

Avoid being popular. Avoid using the tools that make you popular.

There are thousands of technical indicators out there, did you know that? And many of them were actually created this century, and specifically designed for forex trading!

But almost nobody uses them. Some may have tried, but they weren’t good traders to begin with, or they gave up too soon, or they used it on the wrong time frames and not in conjunction with other tools they should have been using.

And the great eliminator, many of these people who were onto the right tools screwed it all up anyway with terrible money management.

No nonsense forex is dedicated to not only getting you away from these tools, but putting you with the right ones, and making sure bad money management never comes into play either.

Still don’t believe me?

So you still think this isn’t what really goes on? You think I’m talking some crazy conspiracy over here?

There’s a tool that proves I’m right. Watch this.

The IG client sentiment indicator (formerly the SSI indicator at FXCM) is a series of charts that show where their traders’ money (the dumb money) goes, long or short — and then above that shows where price ended up going.

I encourage you to go look at it, it’s pretty fascinating. I’ll spoil it for you though — it’s inversely correlated.

Meaning, if traders started moving net short for example, surprise surprise, guess where the price went? Net long.

If they continued getting shorter because of this, thinking the pair was “overbought”, where do you think price went? Looooonnnnngerrrr.

And price only reverses course and starts going short as soon as dumb money traders gave up and start going net long!! Too funny.

Over and over again. With a few exceptions of course. The banks gotta let them hit blackjack every once in awhile. Can’t scare them off completely. Then there would be no dumb money for the taking.

You will see this phenomenon happen less on pairs that have less liquidity to them. This is generally a good thing for us, because there is less manipulation going on there, and we can let our charts do all the work.

It’s why I love cross-pairs. This is why I made an entire blog post and video on whey you should usually avoid trading the EUR/USD. Blasphemy, right? Nope, very smart actually.

If you don’t want to be popular, why would you purposely go where all the popular kids hang out?

Conclusion

My conclusion is simple — stay with this site. It’s the only forex trading blog out there that’s designed to keep you away from tools that end up making you lose, and getting you to a point where you can finally succeed at this.

I add new material every week. Each blog is crafted to make you a much better and more educated forex trader than you were before you read it.

So, let's see, what we have: largest forex brokers : with this list of best biggest forex brokers, you finally have what you want to succeed in this dynamic market. At big forex brokers