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Saturday, 30 July 05:09 (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: Best FX Brokers For Scalping. July 2016

At times, most of us out there may have a hard time choosing a truly reliable FX broker to go with. At the same time, if you are fond of short-term trading strategies like scalping, the very process of choosing such a broker turns into a challenge since not every broker out there approves scalping. Indeed, all lot of representatives of the contemporary FX brokerage industry don’t see scalpers as their loyal customers at best. With that being said, such brokers may simply play some dirty tricks on scalpers or simply ban them from trading for fear of having their trading software crash on overload.

 

 
Publication date: 29 July 09:14 AM

Masterforex-V Expo: Best FX Bonus Offers. July 2016

It is obvious that almost each and every FX broker in the contemporary FX industry offers various FX bonuses to keep those traders coming. More often than not, you can see those brokers offering bonuses continuously in order to compete with other brokers for the clients and to let the client enjoy some kind of a gift upon registration. Other brokers offer other kinds of bonuses and promos on top of first-deposit bonuses.

 

 
Publication date: 29 July 09:07 AM

Masterforex-V Expo: Most Reliable FX Brokers. July 2016

Before diving deep into FX trading, make sure that you are going with a reliable FX broker since this is a crucial choice, which is going to influence your entire trading career. The thing is that you can do without a broker simply because it is impossible for retail traders to access the Forex interbank environment without it. At the same time, there are hundreds of FX brokers offering their products and services to retail clients online these days. Apparently, some of them are far from being reliable businesses, which means that you should pay attention to several factors and requirements when looking for an FX company.

 

 
Publication date: 29 July 06:02 AM

Masterforex-V Academy Tests “PrivateFX №1”. +5,7% In 3 Weeks

In this article, you are about to find out what results Masterforex-V Academy’s Investor Club gained over the first 3 weeks of investing in PrivateFX. For starters, the investors report about the first profit.

 

 
Publication date: 29 July 03:41 AM

Masterforex-V Expo: Best Micro FX Brokers. July 2016

Some people with little of even zero trading experience believe that it’s actually impossible to make money without investing big amounts of money.  They think that in order to get started, you already need a fortune… or at least thousands of dollars. Well, that’s not really the case.

 

 

Publication date: 28 July 04:40 PM

PrivateFX Offers $5000 To Successful FX Traders

PAMM is the shortest way to FX investments, which means managing big-scale accounts, experts say. PrivateFX is perfectly aware of this fact, which is why the company founded by a major investment company Concorde Capital keeps on improving its own investment services and attracting professional and successful traders capable of managing big money.
 
Publication date: 28 July 04:38 PM

SFX Markets: Why Do Traders Prefer FIX API?

Most FX traders have been trading currencies through MetaTrader 4 for many years. Indeed, this has been the most popular FX trading software, the industry’s standard so to say.  There is no denying the fact that this piece of trading software is convenient, multifunctional, and makes it possible to use custom trading robots written in MQL4.

 

 
Publication date: 28 July 05:54 AM

Masterforex-V Expo: Best FX Brokers for Social Trading. July 2016

Without any doubt, the evolution of the contemporary Forex industry is still underway. New tendencies emerge every year. At this point, there is another brand-new trend in FX trading. It is called social trading. Indeed, at this point, it seems to be one of the most popular new trends in the entire industry. In simple words, social trading boil down to uniting all FX traders into a single global network, which provides them with a decent chance to make use of the expertise shared by other fellow traders.
 
Publication date: 27 July 04:55 AM

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

Today we are going to find out what the STP technology really is and what are the best FX brokers out there using this technology to offer their traders better trading conditions. Basically speaking, the so-called STP technology and STP-based trading software boils down to making sure the trader gets access to the real market and true market prices while getting their orders executed directly, without any third party involved.

 

 
Publication date: 26 July 06:54 PM

Forex. NZDUSD. NZ Dollar Retraces

According to the recent report released by New Zealand’s official statistical agency, the country’s trade balance stats slightly deteriorated in June 2016. To be more specific, the external trade surplus shrank over the reporting period. The key reason for this is said to be lower exports.
 
Publication date: 26 July 06:33 PM