Heroes of Ukraine

«Market Leader» - news and previews making you rich.

Wednesday, 26 October 01:53 (GMT -05:00)

Business And Politics News

Who will be Chosen the Best Micro Broker of 2012?

News of forex broker rating. Every beginning trader that decides to become a professional, having completed forex training, faces a dilemma – which Forex broker to choose in order to open his first real trading account.

How to identify the best micro broker worldwide, which provides support in Russian, possesses starting deposit ranging from 1 to 20, maximum to 50 US dollars, has no experience of requotes, slipping, fraud, and deceit?

Why should real trading at forex market start with micro accounts?

In his interview to the “Market Leader” Canadian financial expert of Masterforex-V Academy Evgeny Olkhovski explained why beginners at Forex market should start real trading with micro accounts. His arguments are the following:
1. Opening a big real account in a broker company or DC is not only unwise, but even dangerous: mere people’s psychology or lack of experience often play dirty tricks. And forex market remembers every mistake. It was Aleksandr Elder who paid attention to the point that trader’s psychological problems (fear and passion) are one of the first and foremost reasons of loss at forex market;

2. At present over 20 forex brokers provide traders-beginners with a unique service of micro real trading accounts from 1 US dollar. The best forex training project in Europe, Masterforex-V Academy, highly recommends starting real trade at forex market with these accounts. When your trading system is working and brings profit, you earn money and gradually proceed to micro accounts (0.1 lot when 1 point equals to 1 US dollar) and then to standard forex with 1 trading lot (1 point equals to 10 US dollars)
Such sum is optimistic, as it relieves psychological pressure and fear to lose a large sum of money. As a result, you will have no worries and master your trading system. What is more, not many traders-beginners can afford a large deposit at the start;

3. How to choose the best out of 20 micro forex brokers who provide support in Russian? This is the hardest to answer. You can rely on the opinion of your acquaintances or feedbacks in blogs or social networks (over one half of them are, at least, not objective, at most – “designed”), various ratings, etc.

How to objectively choose the best micro forex broker?

In order to choose the best micro broker with Russian support, Masterforex-V Academy has started an open poll for forex traders:
what do points at the left mean? At the very beginning all nominated brokers are placed according to the number of their points in the general forex broker rating at Masterforex-V Academy: upper positions are assigned to those, whose spread is the smallest, receives least complaints from forex traders, has serious stock exchange licenses, work experience at the market, international awards, etc. (the total of about 20 objective and criteria that served as a basis for assigning these points);
how soon will the best micro forex broker of 2012 be singled out? On the basis of traders voting. Your vote “for” automatically adds point, and vote “against” takes off 1 point. Every attendant of forex forum (registration takes 1-2 minutes) can give one vote “for” and one vote “against”.

■ points in the first column show the reliability of micro forex broker according to 20 major criteria;
■ votes “against” give a serious signal for a forex broker about the reasons for discontent of its clients – forex traders;
■ votes “for” will show micro brokers, about who most traders have positive impression.

As a result, there will be formed a deep and objective complex assessment of over 20 forex brokers, who forex traders find convenient or inconvenient to work with.

What is the sequence of DCs at the beginning of choosing the best micro broker of 2012?

It is clearly observed, continues the financial expert, that at the beginning the brokers nominated for the best micro broker of 2012 that have highest points in the general rating (Nord FX, BMFN, FreshForex, Grand Capital, Alpari, RoboForex, and Forex4you) have advantage over their rivals.

However, the final position of every micro broker will be defined by the independent vote of traders at the web-site of the Academy. Any trader can assign his vote for or against any micro broker. Every vote “for” will add points to an applicant, and every vote “against” will correspondingly lower them.

Where can one vote for the best micro forex broker of 2012?

At the web-site of Masterforex-V Academy in the voting section for The Best Micro Broker of 2012. Unregistered traders are to undergo a simple free registration at the forum of Forex Academy. Then they have to enter the assigned login and password at the page devoted to choosing The Best Micro Broker of 2012.

As for the question about whose chances of winning are higher, the expert said that the management of the Academy may have its own opinion, which may be different from the one of most traders. Therefore, in order to avoid any influence on the results of the vote, the Academy abstains from giving its opinion and encourages every trader to take part in choosing The Best Micro Broker of 2012. Every vote counts.

“Market Leader” holds a questionnaire at Masterforex-V Academy forum for traders and investors: in your opinion, which micro broker can be considered the best?
■ the one that is most widely advertised in media and at web-sites;
■ the one that has most positive feedbacks in the Internet;
■ the one that wins in Masterforex-V Academy voting (broker’s points in the rating + direct voting).


You are free to discuss this article here:   forum for traders and investors


Add to blog
Got a question? – Ask it here »

Freedom House Says Crimean Elections Are Illegitimate

Freedom House, a world-famous international organization defending human rights around the globe is reported to have condemned the recent parliamentary election in the Crimea, which is now a part of the Russian Federation, but Ukraine and the Western world still see the Crimea as a part of Ukraine. The organization says that the elections were illegitimate anyway since the territorial dispute is still underway.
Publication date: 18 October 02:26 PM

Global Economy Will Stay Volatile Until Bexit Is Over

As you probably know, the decision made by the British people to quit the European Union, which is now known as the Brexit, added uncertainty to the global economy as international financial markets went more volatile.


Still, G20 leaders still hope that the United Kingdom is going to retain close economic and political ties with the European Union. In the meantime, more and more representatives of the international expert community, including the UK’s financial authorities, assume that this uncertainty is likely to be seen as long as the Brexit procedure is still underway. This means that the existing volatility seen in the global economy and financial markets will disappear only when the Brexit is completed.
Publication date: 16 October 04:26 PM

Russian-Saudi Oil Agreement Pushed Oil Prices Higher

For those of you who don't know, Russia and Saudi Arabia signed an agreement on cooperating in the global market of crude oil. The news pushed oil prices higher. To be more specific, Brent oil gained 4% instantly after the news. Still, the rally was strong but short.
Publication date: 03 October 01:54 PM

Will Russia Join OPEC Agreement on Oil Production Cuts?

After OPEC unexpectedly decided to cut their oil production during the unofficial summit in Algeria on September 29,2016, the international community started asking one and the same question, which is whether Russia is actually going to join the agreement. The thing is that Russia was one of the first advocates of this idea and urged every energy nation out there to make this crucial step for their mutual benefit based on higher oil prices and bigger profits from oil exports.
Publication date: 30 September 06:55 PM

Nassim Taleb: Being Successful is Being Unpredictable

The world is full of unpredictable events happening from time to time. Nobody expected the disintegration of the USSR or the 9/11 terrorist attacks. World War I broke out in an instance and came as a shock to the humanity, doing unprecedented damage to the entire world.
Publication date: 30 September 05:13 AM

Will Russia, Iran, and Saudi Arabia Agree on Oil Production?

Today, Algeria is hosting an informal OPEC summit. The used to say that Russia may well join the cartel during this informal summit to discuss the current situation in the global market of crude oil and work out an efficient way to change it for the better. Still, now it is reported that Russia is not going to be participating in the summit since this is a summit for OPEC member only.
Publication date: 28 September 05:04 PM

UK-EU Relations After Brexit

As you probably know, the United Kingdom is going to quit the European Union. At the same time, the UK definitely wants to retain its economic ties with the EU after the so-called Brexit, Masterforex-V Academy experts say. When it comes to economic relations with the European Union, Great Britain can follow the example of Norway, Switzerland, Turkey, or the WTO.
Publication date: 16 September 05:15 AM

How Turkey Benefits From Reconciliation With Russia In Terms Of Geopolitics

After Putin and Erdogan made steps toward reconciling Russian and Turkey, the Russian folks changed their mind as well. Not so long ago, you could see most Russians being hostile to everything that comes from Turkey. Now, this is no longer the case. At least it seems so.



Publication date: 31 August 10:32 AM

Brexit Threatens UK With Disintegration

Some experts say that the so-called Brexit may eventually result in the disintegration of the United Kingdom. In particular, Scotland has already made a call for another referendum on independence from the United Kingdom.
Publication date: 31 August 06:42 AM

Saudis Are Dumping Oil Prices Again

More and more experts working in the oil industry start discussing a new wave of price dumping initiated by Saudi Arabia. That thing is that a couple of weeks ago, the Saudis dropped their oil export prices to Asian countries by 0.7-1.3 dollars per barrel.


Publication date: 22 August 12:21 PM