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Monday, 8 February 03:59 (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?

 

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Masterforex-V Academy’s Top 60 Traders Earned over 42 000 Points of Profits in January 2016!

The first trading months of the new year is now over and its is time for Market Leader to interview Eugene Olkhovsky (Canada) regarding pro-rebate.com, which is his project dedicated to FX rebates and automatic trading services.

Publication date: 03 February 03:18 PM

Forex Broker Rating: NordFX – Best ECN Broker 2015

At the end of 2015, Masterforex-V Expo determined the industry’s best companies in 2015. The winners were determined according to open voting as well as over 20 other criteria. Both traders, investors and financial experts participated in the voting as well, including members of Masterforex-V Academy.

Publication date: 31 January 12:39 PM

Forex Broker Rating: PrivateFX - Most Discussed FX Broker in January 2016

Experts say that the popularity of a Forex broker in social networks is one of the key factors indicating the company’s stable growth. This is what the contemporary online business is all about. It is built around customer feedback and client focus. Successful businesses give their clients exactly what they want.  That is why marketing experts keep on reiterating the importance of building an army of loyal customers to back the company’s success over the long term.
 
Publication date: 30 January 05:33 PM

Forex Broker Rating: NordFX - World's Best FX Broker 2015

Every year, Masterforex-V Expo determines the world’s best Forex broker, which are FX companies offering the best products, services and solutions for profitable FX trading, according to professional traders and investors as well as independent financial experts.

Publication date: 30 January 09:36 AM

Soros Versus Renminbi

They say that George Soros, the world-famous American billionaire, is waging war on the Chinese Yuan also known as the Renminbi. Well, this is more than a rumor, especially if to take into account the fact that the Chinese Department of Trade is reporting the same thing.

Publication date: 28 January 05:39 PM

Oil Prices Go Down Again

Today, oil prices have resumed the downtrend once again.  This is happening amid the same excessive oversupply seen in the global market of crude oil. In particular ICE Brent futures went 15 down to $32,77/b in London after a stunning recovery seen over the past couple od trading days. At the same time, WTI futures went some 1,3% down to $31,87/b.

Publication date: 28 January 04:14 PM

Forex: U.S. Dollar Goes Down Amid U.S. Labor Market Figures

The U.S. Department of Labor has recently released a report, which says that the amount of jobless claims reached the 6-year high last week. In particular, the amount of jobless Americans applied for unemployment benefits increased by 10 thousand people up to 293 000 people for the first time in many years.

Publication date: 27 January 06:00 PM

SFX Markets Expects Tech Innovations After iFX EXPO in China

On January 26 – 28, Hong Kong is hosting another prestigious Forex expo called iFX EXPO.  Some experts say that this event is among the top 5 Forex expos planned for 2016. The ways to improve the FX industry through innovation are going to be some o the major issues on the agenda. In particular, SFX Markets is going to introduce some cutting-edge technologies aimed at improving the so-called FIX API trading.
 
Publication date: 26 January 07:27 PM

8 Lessons by PrivateFX for Companies, Willing to Appear at International Markets


At the time when politicians are busy with economic sanctions and imposing trading embargoes, and officials argue about ways and methods of attracting investment and gaining international markets, leading ІТ enterprises are making certain steps forward, thus creating real perspectives for development in the nearest future. In his new-year greeting the Managing Partner of PrivateFX Group Roman Karaulov has admitted that the new business-structure, which has recently appeared at the market, offers its clients truly innovative approach to investment that opens unseen opportunities before all market participants.

Publication date: 24 January 11:22 AM

Traders of Masterforex-V Earn Over 23 Thousand Points Since Beginning of January 2016

Long New Year holidays are over, and journalists of the “Market Leader" have met the vice-rector of Masterforex-V Academy Sergei Cherepanov (nick at forum Rich man) to ask him about intermediate results of traders – participants of pro-rebate.com project. Offers of these traders can be copied for free if subscribed to the web site.
 
Publication date: 21 January 03:51 AM