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ForexTrend and Alpari: World Leaders In Terms Of PAMM Services


PAMM Services are considered the most prestigious and profitable niche in the broking industry. A couple of months ago Masterforex-V Academy started its new rating - Best PAMM Broker 2012. It is time to look at the interim results to find out who are the frontrunners and outsiders of the rating.
 
Masterforex-V Academy’s PAMM Rating: 2 frontrunners and 14 outsiders
 
So far, over 15.000 traders cast their votes. The results look as follows:
 
 
Masterforex-V Academy’s jury board commented on the results, saying that it is possible to single out 3 groups of PAMM Brokers:
 
1.       2 broking companies – ForexTrend and Alpari. They have been showing outstanding performance from the very beginning and are likely to remain the leaders of the rating.
2.       6 other broking companies - Dukascopy, FIBO Group, FXOpen, LiteForex, Grand Capital, FXDD. They have confidently entered the PAMM service industry but need further improvement to become major PAMM brokers.
3.       The 3rd group counts 14 brokers. These are mere outsiders.
 
ForexTrend and Alpari’s leadership: coincidence or natural outcome?
 
According to Eugene Olkhovsky, Masterforex-V Academy’s Canadian expert, nothing is accidental in this world.
Firstly, ForexTrend and Alpari became the leaders because they managed to find a suitable market niche. In particular, Alpari was one of those broking companies that introduced PAMM services. ForexTrend is currently the leader in terms of innovation in the niche (PAMM 2, PAMM index, demo-contest for PAMM traders with cash prizes etc). For more details, please, read the article called “PAMM Index: Secrets Of New Possibilities For Investors
 
Secondly, it is about ForexTrend and Alpari ’s efficient PR campaigns, which consolidated the brokers’ positions in the industry. If to look at the Yandex stats, we will see that 90% of the PAMM-related news were released by these companies:
- ForexTrend 70;
 - Alpari 11;
 - FXОpen 5.
 
 
If to analyze the data given in the table above, it becomes clear which broking companies will further consolidate their positions in the PAMM niche. What about other brokers?
 
5 brokers are currently seeing no significant progress in their PAMM services:
Dukascopy, FIBO Group, LiteForex, Grand Capital, FXDD certainly lack efficient PR campaigns to catch up with the PAMM leaders:
 
 
Amid tough competition, it is not enough to just render high-quality services. It is necessary to promote them as well. As for other brokers, they probably hope they are so popular among traders that they don’t need any promotion. However, Masterforex Academy‘s “Best PAMM Broker 2012” rating showed the opposite.
 
What 14 brokers are mere outsiders in the PAMM industry?
 
 
At this point, these brokers don’t have a chance to enter the top of the rating for a number of reasons:
·         No efficient PR campaign.
·         No innovation services and no specific niche in the industry to fill. Eugene Olkhovsky made a phone call to 3 brokers to find out what is the difference between their PAMM services and their rivals’ PAMM services. Ridiculous as it may seem, their managers don’t know the difference. Do you believe these brokers can become the leaders in the PAMM industry?
·         Negative client feedback. Most of them have negative client feedback. Some of them - Broco, InstaForex, Ikon Group - were put on Masterforex-V Academy’s black list of Forex brokers.
 
It appears that these broking companies need cardinal changes to stay afloat. They need to change their attitude towards PAMM services. It is especially true of Broco. The company was deprived of its licenses, lost a legal action… but keeps offering investors its PAMM services.
 
Which brokers offer the most popular PAMM services?
 
In order to find it out, Masterforex-V Academy experts decided to sum up traders and investor’s votes. So far, the open voting has shown the following results:
Alpari - 1142 votes, FXopen - 1102, ForexTrend – 1043 and Dukascopy Bank SA - 979:
 
 
These 4 broking companies seem to be fairly popular among Forex traders and investors. Each of them belongs to the Ultimate League of Masterforex-V Academy’s rating of Forex brokers (the rating is based on 20 independent criteria).
 
Who will become the “Best PAMM Broker 2012”?
 
So, far it’s been only 6 weeks since the voting started. It is still a plenty of time to cast your vote. Brokers still have enough time to try to improve their standings in the rating. Therefore, any trader or investor is welcome to participate in the open voting on Masterforex-V Academy’s official website.
 
Market Leader and Masterforex-V Academy would appreciate if you could participate in a survey. Please, visit the Academy’s forum for traders and investors and answer the following question:
 
Which broker can offer the best PAMM service?

 

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

 

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ForexTrend and Forbes Reveal New Leaders of Managing Trader Contest

 

In order to become a financial successful person, it is insufficient to rely only on your salary, even though it is enough to buy food, clothes and pay the loans. Amid crises, uncertainty and instability in financial, political and economic aspects, it is vital to take urgent steps to at least prevent your savings and income from losing its purchasing power and to make even more money.

Publication date: 19 December 05:11 AM

Russian Brokers Suspend Ruble Transactions

 

Apparently, minor currency pairs like EUR/RUB and USD/RUB seem to be not so popular among Forex traders. Adding fuel to the fire, on December 17th, Russian brokers suspended all transactions involving the Russian Ruble. This decision was made under the pressure exerted by international Forex brokers and market makers sine they refused to keep on working with the Russian currency. Still, according to competent sources, this is a temporary ban.

Publication date: 19 December 04:03 AM

Fort Financial Services: Christmas Gifts to Forex Trades

Christmas is coming. Everyone seems to get ready for the celebration. It is the time when various companies start making pleasant gifts to their clients and customers. Some Forex brokers are not an exception. They improve trading conditions and offer loyalty bonuses and promos to make their client feel better in advance of Christmas.

Publication date: 16 December 08:19 AM

GBPUSD: Pound Gains Value Against Dollar Amid UK Economic Forecasts

 

The UK authorities are reported to have improved their predictions for the national economic growth in 2014 and 2015. In particular, Market Leader reports that this info was revealed by George Osborne, the UK Minister of Finance. The statement was made within the scope of his speech made in front of the Parliament.

Publication date: 15 December 06:11 AM

Forex Trend, TeleTRADE, and Alpari Named Most Popular Brokers in November 2014

 

Sooner or later any beginning trader faces the question of choosing a reliable Forex broker. Yes, exactly reliable, but not a famous or a popular one, for this parameter fully accounts for safety and accumulation of trader’s capital in future. Nevertheless, many traders base their choice only on two factors – low spreads and size of credit leverage. At the same time, there are brokers that prefer attracting clients to the company by means of additional PR, as well as popularity in the Internet; however, for this they simply need to be a household word.
Publication date: 14 December 07:16 PM

Forex. EURUSD

 

The European Central Bank keeps on seeing its balance sheet shrining. This is confirmed by the monthly reports released by the central bank. The ECB governors keep on retreating the necessity and determination of expanding the bank’s balance. However, the ways and means as well as the terms are not specified, Market Leader reports.

Publication date: 14 December 01:13 PM

Forex. USDJPY: Dollar Goes Down Against Yen Amid Labor Power Deficit in Japan

 

At this point, Japan lacks highly-skilled labor power amid such problems as the aging and contraction of the Japanese nation. the local authorities are desperately trying do resolve the problem by attracting more of foreign skilled labor power. Still, this is currently happening amid the fact the Japanese Yen is currently devaluing pretty fast, which certainly distracts foreign workers, Market Leader reports.

Publication date: 14 December 12:48 PM

Forex. GBPUSD: Pound Recovers Against Dollar Amid Slower UK Housing Prices

 

The housing prices in the UK are reported to have dropped in November 2014, according to the RICS research conducted recently. Amid the slowdown, the experts predict that the tax reform is going to end up with higher sales in the UK housing market. The expected increase is somewhere between 2% and 5%.

Publication date: 14 December 12:02 PM

RVD Championship – New Forex Contest by RVD Markets

More often than not, when chasing quick profits, we cannot see that the way to big success is somewhere nearby. When following the crowd, we fall into the same traps and make the same mistakes most people do, thereby falling prey to wishful thinking. At the same time the contrarian minority of smart traders and investors are capable of repeating their success time and time again.

Publication date: 13 December 05:56 PM

Alpari Launches New Bonus Program

 

Most Forex companies operating in the contemporary trading industry offer various bonuses and promos to show their loyalty to clients. As a matter of fact, these projects are of short-term nature and subject to rather tough terms and conditions. More often than not, those bonuses need a lot of time and effort to clear, not to mention other limitations regarding withdrawal etc.

Publication date: 13 December 12:05 PM