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Tuesday, 31 May 07:56 (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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Forex: USDCAD Remains Within Correction to Downtrend

The report of Statistics Canada has shown that profit of Canadian companies keeps falling according to the results of the first quarter. Power industry and financial sector have provided major reasons for the decline.
 
Publication date: 30 May 09:46 AM

Forex: USDJPY Remains in Downtrend due to Inflation in Japan

As shown by April report of Japanese National Statistics, consumer prices keep falling. Economists expect proper measures to be taken by the Bank of Japan at its meeting in June.
 
Publication date: 30 May 07:46 AM

Masterforex-V EXPO: FortFS and OANDA – Best FX Brokers For Rookies. March 2016

Choosing a suitable FX broker is a crucial decision to make since it is the FX company you trade with that sets up the trading conditions you have to comply with, which further affects the trading environment and your performance. No successful trader can do without a reliable FX broker. Yet, no trader can eventually succeed in FX trading with a scam or fake broker. Why? You see, the ultimate goal is to withdraw the profits and enjoy them by spending the money, right? Well, no scam is ever going to let you make money…

 

 
Publication date: 28 May 06:45 AM

Masterforex-V EXPO Names Best CFD Brokers in May 2016

As you probably know, currencies are not the only assets FX traders allow you to trade. Even though they do not provide direct access to stocks, bonds and commodities and other financial assets, you still can trade them indirectly through such derivatives as contracts for difference (CFDs for short).
 
Publication date: 28 May 06:34 AM

Masterforex-V Expo: Best Binary Options Brokers. May 2016

Binary options are derivatives letting you trade your favorite underlying assets with fixed income and risk. This are all-or-nothing assets. Basically speaking, that’s why they are called binary. The derivatives themselves are fairly promising in terms of moneymaking potential. However, the actual results may vary depending on several factors like the trader’s expertise as well as binary broker providing the trader with such trading opportunities.
 
Publication date: 27 May 07:25 PM

Masterforex-V Expo: Pro-rebate and IAFT – Best FX Rebate Service. May 2016

Today, almost every FX broker out there offers rebates and loyalty programs aimed at rewarding active traders. Still, despite the fact that all of these companies are actually involved in the same kind of financial business, the products and services they offer may vary a lot. This holds especially true for trading conditions like spreads, leverage and stuff. Rebate services are no exception as well.

Publication date: 27 May 07:06 PM

Masterforex-V Expo: NordFX and Fibo Group – Best FX Micro Brokers. May 2016.

Micro brokers or cent broker are a certain kind of FX brokers that let you trade Forex even if you are a rookie with a couple of bucks start strut with. The thing is, this brokers set their minimal deposit requirements around $5-$10 or something like that. The equity is usually displayed in U.S. cents rather than U.S. dollars. Basically, that’s the key reason why we call them micro brokers or cent brokers.

Publication date: 27 May 11:27 AM

Masterforex-V Expo Names 19 Most Reputable Forex Brokers In May 2016

Today it is difficult to find a reputable and reliable broker, which can be really trusted at all times. A reliable trading partner is definitely as significant as a profitable trading strategy along with trading skills and valuable knowledge. Indeed, does it really matter how good you are at Forex trading if your broker can let you down at any minute by giving you non-market quotes, order execution errors or by simply refusing to pay? The answer is obvious. Picking a reputable Forex broker is one of the cornerstones of success in this risk but profitable human activity…

Publication date: 27 May 11:10 AM

Brexit May Undermine British Pound as Global Currency

According to Standard & Poor's, if the United Kingdom quits the European Union, this may eventually lead to undesirable consequences for both sides. In particular, they say that the so-called Brexit may well affect the U.K.’s national currency – the British Pound. As you probably know, the British Pound is a major currency, a reserve one, which means it is used (along with the U.S. Dollar and the Euro) by many central banks around the globe to store their currency reserves. It is not a secret that Great Britain in general and London in particular have been major financial centers of the world for centuries.

Publication date: 27 May 07:33 AM

What Do You Know About Bitcoin?

For those of you who don't know, Australian Craig Wright claims that he is the very founder of Bitcoin under the name of Satoshi Nakamoto. This is the statement he made during his interview to The ВВС, GQ, and The Economist.

 

Up until recently, nobody knew the real name of the Bitcoin founder, only pseudonym Satoshi Nakamoto. During the interview with The BBC, Mr. Wright used a digital signature based on crypto-keys. He created them when Bitcoin was at the first stage of its development. He explained his decision to reveal his identity as the founder of Bitcoin because he was tired of endless speculations in mass media worldwide. He also promised to share the evidences with the world.
Publication date: 27 May 06:21 AM