Heroes of Ukraine

«Market Leader» - news and previews making you rich.

Sunday, 25 September 06:29 (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

 

Add to blog
Got a question? – Ask it here »
 

Forex. USDJPY: Dollar Drops Versus Yen

According to the latest official report published by Japan's official statistical office, the Japanese GDP gained 0.7% in quarter 2 2016. We remind you that the GDP growth has been accelerating for the 2nd consecutive quarter. At the same time, experts had anticipated a more moderate pace of GDP growth.
 
Publication date: 19 September 03:42 PM

Forex. US Dollar Raises Versus Major Currencies Amid Labor Market Figures

The U.S. Department of Labor has recently published another report on unemployment claims. Over the past week, the amount of unemployed Americans who applied for unemployment benefits reached 259 000 claims. The figures dropped down by 4000 claims over the reporting period. This led the index to a new 7-week low.
 
Publication date: 19 September 02:54 PM

Forex. USDCNY. Dollar Loses Value Against Renminbi Amid Chinese Inflation Figures

According to the latest consumer inflation report released by China’s official statistical office, the rate of consumer inflation slowed down in August 2016. This slowdown has already been going on for 4 months. The key reason for this slowdown is lower food prices.
 
Publication date: 19 September 01:58 PM

Forex. USDRUB: U.S. Dollar Gets Stronger Against Russian Ruble Amid Russian Service PMI Figures

IHS Markit, an international research company, has recently revealed the results of the latest research, which reads that Russia’s Service PMI dropped all the way down to 53.5 points in August 2016 versus July’s 55.0 points.

 

 
Publication date: 19 September 01:54 PM

PrivateFX №1 Portfolio – 10% in 10 Weeks

Money is a resource that can be replenished. This is exactly what Masterforex-V Club investors has found out. Since launching their own investment portfolio in early July 2016, they have seen ups and downs but eventually the profit keeps on growing steadily. The starting investment pool was equal to $15 000 equally distributed between 3 investments. As of early mid September, they managed to increase the money pool by 10%.

Publication date: 13 September 06:59 AM

PrivateFX №1 Portfolio Aims For $1500 Profit

Money is a resource that can be replenished. This is exactly what Masterforex-V Club investors has found out. Since launching their own investment portfolio in early July 2016, they have seen ups and downs but eventually the profit keeps on growing steadily. The starting investment pool was equal to $15 000 equally distributed between 3 investments. As of early September, they managed to increase the money pool all the way up to $16 321,99. In order to reach the 10% profit, they need a coupl of days, the experts say.

Publication date: 09 September 11:31 AM

Masterforex-V Academy Starts VIP Student Group “Learn and Copy FX Masters”

Learning from the pros is what separates the best from the rest. Only a handful of people are reach the top in any business or human activity for a number of reasons. Others lack something – money, confidence, skills, desire, or anything else. At the same time, it’s always better and easier to let yourself be guided by a true master instead of the try-and-error way most people have to come. This is a much shorter way to success.
 
Publication date: 31 August 04:04 PM

Masterforex-V Club Announces New Contest With 45 Accounts Waiting For Mangers

On September 1, Masterforex-V Club is going to launch a new contest from successful traders. This contest ends on September 30. After the results are announced, the Club will distribute 45 investment accounts between the top-performing traders of the contest to let them make up to 500% more money.

 

Publication date: 30 August 07:26 AM

PrivateFX №1 Portfolio Accelerates

Time and practice reveal everything. They really let us tell fakes from truly valuable investments.
Over time, professional traders and their investors are rewarded with nice profits. The «PrivateFX №1» investors are some of those lucky guys enjoying consistent profits. The mentioned investment portfolio was started 8 weeks ago. Just over the last 5 days, the portfolio made 2.23%. Despite a temporary drawdown, the portfolio has been showing consistent profit growth for 4 weeks in a row.
 
Publication date: 30 August 05:18 AM

Masterforex-V Club Takes 9% Profit In 20 Days

It seems like the year of 2016 becomes a crucial one for the entire FX industry. The thing is that the long-lasting stereotypes are now broken. The differences between market participants become vague. The industry is getting more sophisticated, so are traders and investors from around the globe.
 
Publication date: 29 August 06:24 PM