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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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Forex-Market Offers 7 Account Types!

 

As FX traders become more sophisticated, the FX industry evolves as well. Client-oriented Forex brokers come up with innovative solutions for more comfortable and efficient trading. This includes improving trading conditions and even creating new types of trading accounts.

Publication date: 30 June 03:46 PM

Orbex Offers FX trading Without Swaps

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Publication date: 29 June 06:16 PM

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Publication date: 29 June 05:39 AM

Forex: U.S. Dollar Raises Against Other Majors Amid Record U.S. Housing Market Figures

 

According to the data published by the U.S. Department of Commerce, the sales of residential property in the USA increased by 2.2% in May 2015 relative to the same figures in April 2015. In absolute figures, the index increased up to 546 000 home sales y/y.

Publication date: 29 June 03:35 AM

Forex. USDCAD: U.S. Dollar Gains Value Relative To Canadian Dollar Amid CPI Slowdo

 

The retail sales figures coming from Canada do not reassure  investors. In April 2015, they showed a sharp decrease. These poor performance only added fuel to the fire of all those difficulties the Canadian economy faced in Q2 2015.  This seems to be the key reason why consumer spending is still at its lows.

Publication date: 29 June 03:12 AM

Forex: U.S. Dollar Still Flat Against Aussie

 

The Australian economy is still at the stage of completing the period of high growth rates. This is what the IMF thinks on he matter, Market Leader reports. The experts warn the Reserve Bank of Australia about the necessity of decisive steps aimed at easing the central bank’s monetary policy in the near future if the economic situation in the country cries for it.

Publication date: 28 June 05:32 PM

FOREX. EURUSD: Dollar Drops Relative to Euro on Strong GDP Figures from France

 

According to Insee, which is the French officer national statistics, the French GDP growth amounted to 0,6% in Q1 2015 relative to the same figures a 12 months before. It should be noted that these are the strongest GDP figures France has shown since 2013, Market Leader reports.

Publication date: 28 June 05:06 PM

Forex: U.S. Dollar Gains Value against Japanese Yen Amid Lower Inflation in Japan

 

Market Leader reports that the Bank of Japan expects an industrial production decline in April-June 2015 after 3 months of positive dynamics amid weak consumption figures coming from Asia.

 


The industrial production output increased by 1,5% in Q1 2015 as opposed to Q1 2014. This is an indication that the Japanese economic growth is accelerating. By the way, Japan is the world’s 3rd biggest economy.

Publication date: 28 June 04:39 PM

FX Trading: How to Make 700 Points Per Week?

 

What is the difference between FX trading and investing in gold, diamonds, residential property or even making bank deposits? The difference is that FX trading is all about high yields, which can be dozens, hundreds or even thousands of times bigger than you expect to get from those conventional investment… The thing is that this is a risky business and in order to succeed in it, you absolutely need to know the techniques and methods of generating those stellar profits over the long term.

Publication date: 28 June 05:45 AM

Masterforex-V Academy’s TOP 50 FX Traders Capture 36 000 Points of Profits in Early June!

 

The 4th month of testing the innovative auto-copying system by pro-rebate.com is underway. Now it is time to look at the updated stats for changes that took place over the reporting period.

 


According to pro-rebate.com  and Masterforex-V Academy, the 50 most successful traders managed to show the collective profit of more than 36 000 points over the first 2 weeks of June! It is interesting to note that the TOP 10 collectively gained 11571 points or 32% of the overall profit. The traders rated 11- 20 gained 8018 points or 22% of the overall profit.

Publication date: 25 June 11:25 AM