Institutional brokers are considered to be the elite of the entire FX industry. They provide decent services of premium quality. On top of that, an institutional broker is all about spotless reputation and reliability. They are unquestionable leaders when it comes to provide brokerage services since they work with companies and big businesses rather than retail traders and investors.
Institutional brokers often set pretty high starting requirements for their clients. For a company, they are pretty standard while for an average trader, they are barely affordable. For instance, most of the brokers set the initial deposit at $20K and more. Some of those brokers can accept retail clients as well. They even lower those requirements so as to make their services more affordable.
There are some other distinctive features for institutional brokers:
- licenses issued by major financial regulators
- excellent customer support
- exceptional trading conditions
- top level of security and safety of client funds
- very high speed of order execution
- moderate commissions and tight/flexible spreads
- access to the true FX market and its liquidity
- almost no slippage or re-quotes
- cutting-edge technologies and innovative solutions for more efficient trading
While other brokers may promise the same, in reality few of them can actually be compared to institutional brokers in terms of any of the mentioned features. That’s why it is always a good ide to start trading with an institutional broker if you can afford it.
In order to help you with choosing such a broker, we offer you the updated rating of institutional brokers by Masterforex-V Expo.
Best Institutional Brokers. June 2016
TOP3:
- Cornèr Trader (CORNÈR BANK)
- Interactive Brokers
- OANDA
The rest of the list:
- Saxo Bank
- FxPro
- HY Capital Markets
- FXCM
- Swissquote Bank SA
- FOREX.com
- Dukascopy Bank SA
- Finam
- Varengold Bank FX
- Sucden Financial
If you want to support a certain broker by voting for it, go to the corresponding page of the website and help us determine the best institutional FX broker in 2016. Please keep in mind that only one vote per IP is allowed.
