ForexTrend and Alpari: World Leaders In Terms Of PAMM Services
Mon, 07 May 2012 08:10:00 +0400
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.
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:
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