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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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Dukascopy Launches New Forex Trading Contests

The Dukascopy community invites you to participate in new demo-trading contests. With that said, you don’t have to invest your own money to participate in the contests and to be able to win excellent cash prizes. Dukascopy, which is a truly reputable and client-oriented Forex company headquartered in Switzerland, designed these contests in order to support promising and talented traders who have potential to grow into trading heavyweights but currently cannot afford to invest their own savings in Forex trading for any reason. it all about the concept of social trading.

Publication date: 30 January 06:35 AM

WTI Oil Drops Below $44/b

 

As Saudi Arabia and other OPEC nations are reluctant to cut down on their oil production, oil prices keep on going down while being pressed by growing oversupply. In particular, WTI dropped down below $44/b yesterday, Masterforrex-V Academy reports.

Publication date: 30 January 05:50 AM

Chinese Yuan Enters TOP5 World Currencies

 

According to Masterforex-V Academy, the Chinese Yuan has become one of the 5 most popular currencies worldwide. This is the first time, the Renminbi has ousted the Australian Dollar and the Canadian Dollar.  In December 2014, the Chinese currencies was used in 2,17% of international transactions. This is confirmed by the SWIFT figures.

Publication date: 29 January 05:26 AM

“Panteon-Finance” Presents a New Contest “Miss Investor 2015”

 

Investment, just like any kind of business, is considered to be an exclusively men's business. However, regardless the settled stereotypes, business-ladies are most successful. Even in conservative India in due time the post of president of Bombay exchange was held by a woman – Deena Mehta. What is more, women successfully work (whoever would have thought it?) on stock exchanges of Islamic Kuwait.
 
Publication date: 28 January 01:23 PM

Soros Wars ECB Against Money Printing

 

George Soros, the famous American billionaire, made a speech within the scope of the latest economic summit in Davos. During his speech, the financial tycoon warned the representatives of the European Central Bank against printing money any father since any extra emission of money may well result in major consequences for the Eurozone and other parts of the globe, Market Leader reports.

Publication date: 27 January 10:17 AM

“Panteon-Finance” Names Leaders of New Season of “Arena of Investors” at Forex

 

Unstable economic situation in the world together with a statement of the Bank of Switzerland that has shaken financial markets about not pegging the national currency to the Euro, as well as lasting inflation and devaluation in many countries, make many investors actively reconsider constituents of their portfolios.
 
And Forex traders actively get rid of some instruments and almost blindly get others. This panic mood is generally reflected in market trends, which are exposed to high volatility. Nevertheless, even in such not very, at first sight, favourable conditions many Forex participants get high and stable profits.
 
Publication date: 26 January 11:56 AM

EURUSD: Euro Drops Down To 9-Year Low

 

The common European currency seems to be setting new records, Market Leader reports. In particular, according to Mario Draghi, who is currently presiding over the European Central Bank, the official exchange rate of the common European currency against the U.S. Dollar dropped down to the lowest level in 9 years. At this point, EURUSD is trading at 1,1520.

Publication date: 23 January 08:58 AM

HY Markets Reports No Damage Arising from SNB’s Unpeg and EURCHF Drop

At the end of last week, the Swiss National Bank, which is Switzerland’s central bank, announced a shocking and unexpected decision to start unpegging the Swiss Franc (its national currency) from the Euro (EURCHF was 1.2). Needless to say that this almost instantly provoked unseen volatility in the Franc-related currency markets, thereby  resulting in thousands of retail traders getting major losses resulting from negative balances while Forex brokers had major difficulties. Some Forex companies had to announce insolvency since they fail to cope with the situation due to improper risk management and excessively high leverage offered to retail traders.

Publication date: 22 January 02:30 AM

FIBO Group: SNB’s Decision and EURCHF Drop Failed to Affect FIBO Clients

Approximately a week ago, the Swiss National Bank came up with a shocking and unexpected decision to unpeg its national currency  - the Swiss Franc - from the common European currency (which used to be pegged at 1.2). This instantly triggered unprecedented volatility in the CHF-related markets, which resulted in thousands of retail trader seeing negative balances while Forex brokers having major difficulties. Some of them even had to announce insolvency due to improper risk management and too leveraged business.

Publication date: 22 January 02:12 AM

Analysts Calculate Possible Russian Ruble Exchange Rates Depending On Oil Prices

 

The analysts working for Renaissance Capital perform some complicated calculations to find out what the Russian Ruble exchange rate is going to be depending on the future prices of crude oil. It is not a secret that the Russian economy is heavily dependent on its exports f crude oil. In particular, the exports of crude oil account for thirty percent to nearly half of the Russian GDP. With that said, oil prices seem to be the key factor influencing the Russian economy and national currency, Market Leader reports.

Publication date: 21 January 06:18 AM