Best Institutional Forex Brokers

Written by BrokerNotes.co

August 29, 2023

Institutional Trading Accounts

Institutional trading accounts are used by companies, groups or institutions with large capital sums available to trade with. Insurance companies, banks, hedge funds and pension funds are just some examples of institutions who may be eligible to open institutional trading accounts. The large capital sums attract better terms and trading account features; including access to deep pools of liquidity from the broker’s internal and external markets, powerful technology, advanced platform and reporting tools and a dedicated service that includes specialist support. Furthermore, APIs are available for institutional investors to connect the broker’s real-time data to their own front-end systems, allowing trades to be executed swiftly and smoothly in an in-house environment.

These types of trading accounts have reduced costs per trade, greater access to data analysis and information, and the ability to trade other financial instruments that are not necessarily available to individual traders. Institutions using these types of trading accounts also have the ability to negotiate trading fees while still getting the best price and fastest execution times. The accounts are used by institutions to engage in block trades, buying or selling 10,000 or more shares at a time. With such a high volume of trades, these accounts have the ability to significantly affect the prices of the securities in which they deal.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Best Institutional Forex Trading Accounts

Here are the best institutional forex trading accounts.

• IG
  - 9.9/10 Overall
• Saxo Bank - 9.7/10 Overall
• Interactive Brokers - 9.7/10 Overall
• CMC Markets - 9.6/10 Overall
• FOREX.com
  - 9.3/10 Overall
• City Index - 9.2/10 Overall
• XTB - 9/10 Overall
• eToro - 8.8/10 Overall
• Swissquote - 8.7/10 Overall