More Trade With Top Largest Brokers, More Succeed In Forex

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If you are a beginner or an experienced trader at forex market, you will want to trade with the top largest brokers but it’s quite complicated and difficult to recognize those brokers, so the question must be “What are the top 5 largest forex brokers?” or “Where are the top reliable or best forex brokers?” and we begin to identify those brokers as following:

Although we have traded in forex and worked for many companies for a long time, we still didn’t have enough 100% data to rank the top 5 largest forex brokers. To have a better result, we decided to spend some months researching and contacting some brokers. Therefore, you can trust in these results.

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We also refer to some online lists and it turned out they are fake. For example, when searching on Google: “top largest forex brokers”, and the results showed Hotforex, ICMarket, FBS, or FXTM in our lists, we know those brokers whom we used to be aware and work with. As you know, they are not reliable. They are just new brokers and they only target at some countries in South East Asia and Africa. So we came to conclusion that they are not top largest brokers.

To become a top largest broker, the first and important criterion is Forex trading volume, so those big brokers who have low forex trading volume won’t be listed. Here are the lists:

  1. Exness.com: $395 Billions.
  2. XM.com: $320 Billions
  3. Forex.com: $300 Billions
  4. Saxo Bank: $300 Billions
  5. FXCM: $220 Billions.
  6. Which the most important standard to rank the largest forex brokers?

Some brokers want to publish their trading volume. And they are audited by the top 4 audit companies. It’s good and lucky for you when trading with those broker because you will feel safe with your fund.

On the contrary, some brokers don’t want to show up their trading volume. But I have methods to get access to it. I will search some reliable resources such as: statistic websites, financial news, and newspaper.

It’s easy to find out that some big brokers have very high total trading volume such as: Forex.com and Saxo Bank but their forex volume are lower. The simple reason is they provide many products like Crypto, Forex, Future, Commodities, and Stock… The total volume is high but Forex volume is lower but we can trust them.

I will give you examples:

  • com’s total trading volume is $500 Billions, but Forex volume is $300 billion.
  • Saxo Bank’s total trading volume is $600 Billions, but Forex volume is $300 billion.

In short, trading volume is the most important standard to rank the largest forex brokers.

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  1. Why should we trade with these largest forex brokers?

For beginners and experienced traders, it’s not easy to identify bad or good brokers. They easily cheat you with hidden tricks which you never know about. They will steal your money until you have nothing. And the dangerous thing is you can’t identify a scam broker at first time. I will show you following reasons.

As usual, the problems won’t happen at the beginning. They want you win so you will deposit more, and then they can get more later. Even for non-scam brokers, you also tend to win at the beginning. Because you usually follow risk management at the beginning. Yet when you gain higher profit, you tend to be wild and lead to loss.

In the beginning, everything happens well and logic. You deposit money and you will win. When you win more, you will deposit more. Because they want you think that forex trading is easy and safe. They want to build your trust and confidence. You often follow risk management in the beginning. And if the chance comes to scam brokers, they will take everything from you.

Trading with largest forex brokers to avoid scam brokers. The smart methods of trading in forex is to work with top largest brokers. We don’t know about scam brokers, so we can’t check them via any sources or searches. If you trade with top largest brokers, their information will be popular with several people. Hundreds of people are following and trading like you. We are easy to check and review those brokers. We can see the comments and feedbacks everywhere.

You can find them on Internet or social media. If someone cheats you, they just do it once. And if someone tries to trade with you in an honest and helpful way, everyone will know.

  1. Whom should we trade with?

If you are living in America or Europe, you are lucky to trade with brokers there. How about in Asia, Africa, and Australia? Luckily, they are all reliable forex brokers. But we need to check more information like:

  • Whether they are regulated in your countries.
  • Can we deposit and withdraw by local payment systems?
  • Do they have local support/language?
  • Do they have any fees?

So, if you are living in Asia and Africa, I think Exness is the best choice for you.

Exness targets mainly in Asia and Africa. Their payment system is 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 have offices in most big countries such as: China, Indonesia, Thailand, Singapore, Malaysia, Cyprus, South Africa, India and Dubai. For other countries, they support online 24/7. You can get instant responses from their live chat.

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.

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Again, I want to mention to top largest brokers you can trust:

  1. Exness.com: $395 Billions.
  2. XM.com: $320 Billions
  3. Forex.com: $300 Billions
  4. Saxo Bank: $300 Billions
  5. FXCM: $220 Billions.

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