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Saturday, 2 July 23:44 (GMT -05:00)



Foreign exchange market

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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Masterforex-V Expo Names Best Institutional Brokers in June 2016

Institutional brokers are considered to be the elite of the entire FX industry. They provide decent services of premium quality. On top of that, an institutional broker is all about spotless reputation and reliability. They are unquestionable leaders when it comes to provide brokerage services since they work with companies and big businesses rather than retail traders and investors.
 
Publication date: 01 July 03:15 AM

Masterforex-V Expo: Best MT4-Based FX Brokers. June 2016

MetaTrader 4 is the most popular trading software in the FX trading industry. It has been the industry’s standard for many years. Charting, technical analysis, news and so much more… This is a truly powerful software. Almost very single broker out there uses MT4 to let traders access Forex.
 
Publication date: 01 July 02:51 AM

Masterforex-V Expo: FortFS and OANDA – World’s Best Forex Brokers For Beginners in June 2016

First off, you can do without an FX broker if you want to trade currencies. The thing is that brokers are required to access the interbank market even tough not all of them provide actual access to it. This is just a matter of choice. Anyway, each and every trader out there has to decide which broker to go with. This is a crucial choice since this is going to be you partner, and the partner had better be reliable.

 

 
Publication date: 01 July 02:41 AM

Masterforex-V Expo: Best FX Bonus. June 2016.

It’s next to impossible to imagine the contemporary FX market without brokers offering various bonuses and loyalty programs. Sometimes it seems that they are offered each and every Forex broker out there. it is the same stork with almost everyone, from fakes and scams, to young brokers to true heavyweights. It is obvious that bonuses are designed to stimulate activity among potential and new clients.
 
Publication date: 30 June 02:04 PM

Forex. EURUSD

According to the recent preliminary report released by Destatis, the local consumer prices in Germany continued its growth in June. The experts report that energy carriers are dropping in price much slower.

 

 
Publication date: 30 June 12:47 PM

Forex. GBPUSD

According to the recent report released by Nationwide Building Society, the U.K. housing prices continued growing in June. At the time, the experts report an accelerated pace of growth. The year-over-year growth reached 5.1%.  The pace of growth accelerated from 4.7% in May all the way up to 5.1% in June. The actual figures came in stronger than expected since the experts had anticipated a 4.9% increase.

 

 
Publication date: 30 June 12:38 PM

FOREX. USDCNY

According to China’s official statistical agency, the country’s biggest manufacturing companies saw their income grow by 6,4% or CNY2.38 trillion over the period of January through May 2016.

 

 
Publication date: 30 June 12:11 PM

NZDUSD. N.Z. Dollar Recovers Amid Stronger External Trade Stats

New Zealand’s statistical office has just released another external trade balance report. To be more specific, the country’s external trade balance reached a surplus equal to NZD358 million. It should be noted that the expert community had expected NZD164 million.
 
Publication date: 30 June 11:42 AM

FOREX. U.S. Dollar Raises Versus Other Majors Amid Strong U.S. PMI Figures

The U.S. Dollar is getting stronger against other currencies amid a stronger PMI report released not so long ago. The thing is that the recent PMI report released by Markit, came in at 51.4 points, thereby showing some growth relative to the previous reading of 50.7 points in May.
 
Publication date: 30 June 11:07 AM

Masterforex-V Expo: Best STP FX Brokers in June 2016

In this article, we are going to take a closer look at the STP technology as well as the best FX brokers using this technology. The essence of the so-called STP technology and STOP-based trading software boils down to backing access to the real market and true market prices while getting client orders executed directly, without any third party involved.

 

 
Publication date: 30 June 03:32 AM