BRKV - Forex market is a tricky market and it is hard for everyone to know which the best forex brokers for them to trade are and be safe for their money. Especially the beginner, this field is quite new to them, so they try to find the best reliable or the top biggest that have been trusted by a lot of people to trade with. Therefore, the matter of the top 5 largest forex brokers or top reliable forex brokers is more concerned. Usually, traders like to search in the Internet for the review, but it they do not know whether the information is trusted or not they can be cheated by some fake news. For instance, when traders look for the top largest forex brokers in the Internet, there will be lists of Hotforex, ICmarket, FBS, or FXTM for the result. Actually, these brokers are new and their working area is quite narrow. They just run their business in some of the countries of South East Asia and some countries of Africa. So, they are rather small brokers not the biggest ones. From my experience on trading so many year, and have a lot of discussion with many traders, I know how to build some standards for the best brokers basing on a lot of monthly searching, and some trusted information sources. As the result, here I provide you the top largest forex brokers in 2018

1. Exness.com: $395 Billions.

2. XM.com: $320 Billions

3. Forex.com: $300 Billions

4. Saxo Bank: $300 Billions

5. FXCM: $220 Billions.

Learn more aboutthe best 5 forex brokers in 2018

1. What is the point of trading with largest brokers?

Scam brokers do have their own schemes to trick traders. They hide their scam at the beginning. They gain their benefit and try to cover their trick from traders. Therefore, traders will not be aware of the dirty motive of scam brokers at the first place until they lose all their money into these scam brokers.

What are the schemes that scam brokers use?

They will conceal the trap by letting traders open the account and let them earn lot of money and have them think that they are totally trustful and then traders want to trade even more money. After traders put a huge amount of money to trade, these black traders find the way to steal your money. And actually, with non-scam brokers, you should be careful too, because after winning at the beginning, you can not control your invest and be led to the exceedingly trading.

So, largest brokers are safer

To avoid all the scams mentioned above in the whole time of trading, trader should trade with reliable brokers. Those are brokers that have the large size traded. Following their number of trading you can know that they are big or not and for the big brokers they have more clients than any others, which proves that they are trusted by more traders and a long the way of their business there are no scam reports. Besides, if there are dirty tricks they will be revealed by most of traders and by social media. And by these tools, it is not easy for brokers to trick their clients for a long time without being recognized. Therefore, big brokers are totally trustful for their transparency. So, big brokers are the better choice for traders to prevent scams from harm your fund.

2. From what aspect to know which are the largest brokers?

From the numbers announced on their websites- the trading volume. That is the amount of money traded every month or year. The big brokers can have trading volumes reached hundreds of billions monthly and they are also be audited by some trusted organization to prove their clearance. In the case that they do not publicize their financial report about avenue or fund or certificate on their websites, traders can use some other sources by the reviewers or other trusted websites or newspapers. From these sources, you can have some clear numbers or statistics. From my studying, I can tell that Forex.com or Saxo Bank is two places that have big trading volume. However, their forex volumes are quite low with the reason that develop some other more services and products such as Crypto, Forex, Future, Commodities, and Stock..., which makes them not just focus on forex but for other fields too. That means their total number of trading are huge but for the forex market is smaller.

From their numbers in their website, there are clear evidences for their trading that I will show you below:

• Forex.com’s total trading volume is $500 Billions, but for Forex is just $300 Billions.

• Saxo Bank’s total trading volume is $600 Billions, but for Forex is just $300 Billions.

To learn more about, click here:Best ECN brokers

3. What biggest brokers suit your trading most?

The truth is that biggest brokers like these two mentioned above, but there are more things to check than just the trading volume. I mean you have to check if these brokers are ruled by your country or about their payment systems, are they locally tooled and about brokers’ support, if it is convenient? After checking these aspects, traders can acknowledge that Forex.com or Saxo Bank are more suitable for US and UK markets because that is where they are from so they only serve well in their countries. That causes the question for Asian or African clients about how they can find the biggest and most beneficial for their trading.

Of course, there are better ways for Asian or African traders

Luckily, Exness is broker that is both in the top biggest and profitable. In their mainly working areas in Asia and Africa, they supply local payments that help traders to withdraw just in minutes or even seconds and the transaction fee is even free for the local payments, in comparison with other brokers that do not have local payments, they usually charge traders 1.7-4% for the deposit. Besides local payments, Exness also provides local support services that help clients deal with a lot of problems. They build their offices in China, Indonesia, Thailand, Singapore, Malaysia, Cyprus, South Africa, India and Dubai. These are huge markets and with the countries that Exness does not have local support, they open the service called online support. This is the live chat that supports clients from the very far distance and it is even better when this live chat service is open 24/7 and clients could be supported in their own language too. So, I can tell that Exness is professional on this matter because it is quick and convenient.

In conclusion, for the traders from US market, largest brokers, like Forex.com suit them most and for those who are from Europe, or Asia, Saxo Bank and Exness can bring them more advantages

Here, the top five brokers for you to consider before trading or investing your money. Remember these brokers have been checked through all of the factors that I mentioned above:

1. Exness.com.

2. XM.com: Forex.com:

3. Saxo Bank

4. FXCM
   

Read more HOW CAN TRADERS FIND BEST FOREX BONUSES IN 2018?

Hey there, this is Fanara Filippo. I'm the author of this article and i'm currently collaborating with Brokerreview.net, or BRKV in short. My articles are mainly for forex traders from Thailand, Indonesia, India, Bangladesh, and South Africa.

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