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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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GBPUSD: Dollar Gains Value Versus Pound Mid Lower UK Housing Prices

 

The British housing market continues showing weakness in August. This is confirmed by the results of the survey conducted by Rightmove. According to the experts, the current weakness of the British housing market is mainly caused by higher demand coupled with lower housing prices in London. At this point, the average price of residential property has dropped down to 262 401 pounds. August's price drop is currently equal to 2,9%. This means that the bearish tendency started in July is still underway. It turns out that this month's drop is the biggest one seen by Rightmove.
 
Publication date: 19 August 11:59 AM

RVD Markets Starts 10% Bonus for Forex Investors and Managers

 

These days investment at Forex market is one of most perspective variants of investing one’s means. Owing to the fact that the international exchange market is the largest trading ground in the world with day-to-day turnover of several trillion dollars, as well as owing to its progressive innovative technologies, anyone can gain regular income at it.
Publication date: 19 August 09:55 AM

EURUSD Starts Trading Week With Decline

 

The common European currency is still trading within the scope of the 1.3358-1.3411 price range, formed on Friday, However, the price is currently going down to the bottom of the range while staying within its boundaries during today's European trading session.
 
Publication date: 18 August 05:02 AM

Concord Bay Offers Forex Traders to Become Co-owners of the Company

These days there seems to be no serious broker company at Forex market, which is not trying to become as closer as possible to its clients. As a rule, this concerns setting tighter relationships with traders by providing most profitable trading terms and developing various bonus and partner programs. According to specialists, at modern stage struggle for clients is a basis of competition between brokers.

Publication date: 17 August 05:33 PM

Masterforex-V Academy Expert On Choosing Reputable Brokers

Choosing a fair and reliable broker is essential for successful Forex trading on live accounts. A broker is a financial mediator helping you to reach the interbank liquidity.

 
Publication date: 15 August 12:33 PM

Masterforex- Expo: 25 Most Reputable Forex Brokers. August 2014

 

Today it is not that easy to find a reputable and reliable broker, which can be trusted 100%. A reliable trading partner is definitely as important 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. Choosing a reputable Forex broker is one of the cornerstones of success in this risk but profitable human activity…
 
Publication date: 15 August 12:09 PM

International Association of Forex Traders (IAFT) – Your Source of Higher Forex Profits

The IAFT is the world's first official international association embracing thousands of Forex traders from all over the world. The union offers you a unique cash-back option! The IAFT's major goal is to found highly profitable and 100% secure trading conditions for trading currency markets. The company can actually ensure the industry's best conditions along with backing rebates for every single Forex transaction regardless of its profitability! The International Association of Forex Traders can actually be considered a truly reliable partner in every aspect of Forex trading!

 
Publication date: 15 August 10:31 AM

EURUSD Goes Down To 1.3370

 

Amid mixed economic stats from the Eurozone published yesterday, the common European currency keeps on trading within a narrowing price range (a triangle) as the market participants cannot decide on the direction of the near-term trend.
 
Publication date: 15 August 08:59 AM

EURUSD Goes Up To 1.3390

 

The positive stats coming from the French labor market contributed to the start of the upward move in the market of EURUSD. The French Non-Farm employment stats increased from -0.1% up to 0.1%. The inflation figures for the Eurozone (annual and core inflation) remained stable at 0.4% and 0.8% respectively in July 2014. This triggered an upswing of EURUSD, thereby making the currency pair hit 1.3395.
 
Publication date: 15 August 07:28 AM

EURUSD Starts Friday In Price Range

 

Yesterday's trading session was won by the buyers of EURUSD. The rally started from 1.3349.
 
Publication date: 15 August 06:22 AM