More invest in those top largest brokers, more profit you will make
The forex market is very complicated for beginners or even experienced traders, so when first setting foot in forex trading, you will have a lot of questions, such as: “What are the top largest brokers?” or “What are the top reliable or best forex brokers?”, but it’s not easy to have answers to this. If you have chance to work with these brokers, it’s so lucky and reliable.
We spent a lot of time trading with many forex companies but we still didn’t have enough 100% data to top 5 largest forex brokers. So we had no idea about them. To have a good understanding, we have kept on researching and contacting some brokers for a few months. As a result, the list of top largest brokers is in our hands.
Also, we tried to search several webs but we can’t trust in those lists. I will give you examples. We search: “top largest forex brokers" on Google, and some results showed up, such as: Hotforex, ICmarket, FBS, or FXTM. We are so surprised and never believe in that. Those brokers are fake or not reliable because we have a lot of information about them. They are just new brokers and target at some countries in South East Asia and Africa, so it's impossible for them to be largest forex brokers.
Based on trading volume, we finally find the right brokers. Here is list of the 5 largest forex brokers in the world:
1. Exness.com: $395 Billions.
2. XM.com: $320 Billions
3. Forex.com: $300 Billions
4. Saxo Bank: $300 Billions
5. FXCM: $220 Billions.
1. Where will we trade with the largest forex brokers?
You will be so lucky if you live in America or Europe because those brokers live there and are willing to trade with you.
But what if you live in Asia, Africa, and Australia? They may not be good for you. They are all reliable forex brokers. But we need to check more things with care:
- Whether they are regulated in your countries.
- Can we deposit and withdraw by local payment systems?
- Do they have local support or languages?
- Do they have trading forex license?
- Is your service available to help you with your questions?
- How about trading conditions: spread, margin leverage, commission/fees/deposit, bonus or rebate?, such as: Exness accounts, Exness spread, Exness leverage
So, if you are living in Asia and Africa, Exness is the best option for you. Exness focuses mainly in Asia and Africa. Their payment system is safe and reliable. You can deposit and withdraw instantly and free, while other Asian brokers who don’t have local payment system will charge you from 1.7- 4% of your deposit fee.
Exness also has local offices in most countries such as: China, Indonesia, Thailand, Singapore, Malaysia, Cyprus, South Africa, India and Dubai. For other countries, they support online 24/7 with instant responses.
If you are living in US, Forex.com is the best option. They are reliable and leading in the US market.
If you are living in Europe, Saxo Bank and Exness are the best.
2. Why should we trade with these largest forex brokers?
As you know, the forex market seems hard to control. Any brokers can steal your money. They will use bad and complicated tricks to take everything from you. For beginners and experienced traders, the chance of being lost money is possible. With hidden acts, they won’t realize until you have nothing in your account.
A scam broker will know how to hide himself to avoid being identified. At first, trading forex will happen naturally and logically. They will encourage you join forex trading with many good chance of winning. If you deposit more, you will win more. Their purpose is to build your trust and confidence. At some time, when you believe and deposit a lot of money, they will cheat you at decisive orders. You will have nothing in the end. Read more about Exness scam
So, trading with best forex brokers means you avoid scam brokers. When they become largest forex brokers, thousands of traders are trading there. They will help us check and review those brokers. If something wrong happens, we will know who they were and what they did.
Nowadays, we can share everything on the Internet and social media in a flat world. So scam brokers can only cheat you once. Only reliable brokers can grow and become the largest forex brokers.
3. Which criteria to rank the largest forex brokers?
Some brokers are willing to publish their trading volume. They are not afraid of anything when being audited by the top 4 audit companies. My suggestion is to trade with these brokers. They are totally reliable. However, some brokers don’t want to show up their trading volume, so the best way to find out is search on some resources such as statistic websites, financial news, and newspaper.
Some big brokers have very high total trading volume such as: Forex.com and Saxo Bank but their forex volume are lower. They provide many products like Crypto, Forex, Future, Commodities, and Stock... The total volume is high but Forex volume is lower.
Example:
• Forex.com’s total trading volume is $500 Billions, but Forex volume is $300 Billions.
• Saxo Bank’s total trading volume is $600 Billions, but Forex volume is $300 Billions.
Again, I would like to mark this list on your mind. It’s helpful and safe for you to trade with:
1. Exness.com: $395 Billions.
2. XM.com: $320 Billions
3. Forex.com: $300 Billions
4. Saxo Bank: $300 Billions
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