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Foreign exchange market

Masterforex-V Academy’s Rating of ECN Brokers: Who Are The Leaders?


 

ECN trading is getting more and more popular with Forex traders around the world. ECN traders get lots of benefits including the genuine interbank liquidity, absence of re-quotes and almost instant execution.
 
The reason is simple: ECN brokers don’t act as counteragents. They make money by charging their clients with commissions and fees for executing orders through their liquidity suppliers (major banks). Therefore, ECN brokers are not interested in their clients’ losses. They are interested in cooperating with successful traders.

 

 

 

 
FxOpen And Alpari: World’s Best ECN brokers.
 
So far, Masterforex-V Academy’s rating called “Best ECN Broker” has defined 2 frontrunners – FxOpen and Alpari.
As of today, over 30K traders have participated in the voting. The chart looks as follows:
 

 

 

Masterforex-V Academy’s Rating Of ECN Brokers
 
The chart below shows that there are several groups of brokers:
 

 

 

 

The Top 3 includes FxOpen, Alpari and Nord FX. The gap between them and the runners-up is widening. Yet, this is not accidental:
·         Alpari and Nord FX have become the frontrunners due to efficient PR campaigns and high quality dealing (in 2011 Nord FX was recognized the world’s best broker in terms of dealing).
·         FxOpen’s strong point is innovation ideas for beginners and professionals:
1.       The lowest spreads among ECN brokers (Which ECN Forex Brokers Has Lowest Spreads? )
2.       Exclusive offers for amateurs and professionals (FxOpen Introduces Free No-Deposit $1000 Promo For Successful Traders! )
3.       FxOpen has the best balance between FOR and AGAINST = +1387 (1724-337), Alpari’s one is +1273 (1752-479), Nord FX’s one is +1075 (1517-442).
 
 The next 3 broking companies are runners-up - FIBO Group, ForexTrend and FX Clearing:
They managed to earn 1K+ rating points, thus showing relatively stable results from the very start of the voting. The gap between them and the group of "mediocre” brokers is widening as well.
 

 

 

 

 

 
The group of “mediocre” ECN brokers with a positive balance of votes include Grand Capital, FxPro Group Lt., FXCC, Manors Group Broker, Hotspot FX, YouTradeFX, MRC Markets, Hantec Markets. These brokers are still far from being among the frontrunners.
 

 

 

 

 

 
Out of the mentioned group, Manors Group Broker deserves special attention. This is a young and promising broking company. The company strives to provide high-quality and exclusive services for their clients. That is why it is among the best in Masterforex-V Academy’s rating of Forex brokers .
 
Now let’s talks about mere outsiders: Deltastock, FinFx, Instaforex, Sunbird, 4XP, FinFX, Ajax Financial.
 

 

 

 

According to Masterforex-V Academy experts, it is not accidental that these brokers have found themselves among the outsiders of the ECN rating.
 
There are 2 reasons:
1.       Inefficient PR campaigns, which result in fewer clients (Deltastock, FinFx, Sunbird, 4XP, FinFX, Ajax Financial).
2.       Negative client feedback because of poor-quality dealing or other negative factors (for example, InstaForex).
 
Prospects of ECN trading through brokers’ eyes:
 
According to FxOpen (the leading ECN broker in Masterforex-V Academy’s rating of Forex brokers ). The ECN market will grow and oust conventional brokers as the latter won’t be able to compete. Moreover, ECN services will improve. For example, the minimal lot (now it is $10000) will be reduced down to $1000 (or 0.01 standard lot). Spreads will be much tighter as well, both for major, exotic currencies and cross-pairs. So, even with commissions, ECN trading will be much more beneficial.
 
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:
 
In your opinion, why are ECN brokers getting more and more popular among Forex traders?

 

 

You are free to discuss this article here:   forum for traders and investors

 

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Arsenal FX - Beneficial Forex Trading, Minimal Expenses

Market Leader previously told the reader about Arsenal FX, which is relatively new but fairly promising Forex company. It was founded in 2012. Still, over the course of nearly 3 years, the company has already managed to win the hearts and minds of thousands of retail traders and investors from around the globe.

Publication date: 12 February 04:28 AM

Fort Financial Services – World’s Most Technologically Advanced Forex Broker 2014

Technology and innovation are obviously some of the cornerstones of success in today’s businesses. Forex brokerage is not an exception. Since the international Forex market is pretty dynamic, both traders and brokers have to improve and to be quick to adapt to all those market changes out there. Only those Forex broker who offer their clients cutting-edge technologies improving their overall performance can b considered long-term survivors these days since the industry is rather tough with dozens (if not hundreds) of counterparts fighting for the same clients.

Publication date: 11 February 04:27 PM

Leader of Forex Contest RVD Championship Reveals Secrets of Successful Trade

 

Today Forex market presents a lot of various contest for traders. As a rule, the main goal of most of them is to attract potential clients to the company by providing “convenient” trading terms together with attractive prize money means.
 
Publication date: 11 February 11:00 AM

RVD Markets - Best Forex ЕСN Broker 2014

Success in trading Forex or pretty much any other financial market depends heavily on the reliability of the chosen broker. If the company is actually capable of providing their clients with competitive trading conditions along with security, comfort as well innovative products and technologies, chances are the company the trader is going to be successful in trading Forex in the long run.

Publication date: 11 February 08:41 AM

Fort Financial Services’ Traders Benefit From EURCHF Drop

A couple of weeks ago, the Swiss National Bank  announced its unexpected decisions to unpeg the Swiss Franc from the common European currency (it used to be pegged at 1,2 CHF per 1 EUR). The new came as a surprise, thereby shocking financial markets and causing a lot of financial damage to some Forex brokers and their clients.

Publication date: 06 February 09:19 AM

FIBO Group Opens New Season of Popular Contest of Forex Traders “Triathlon”

 

Today contests of Forex traders are a customary, even to a certain extent ordinary occurrence. As a rule, most of them held in a standard way: winners are defined by the highest increase of deposit for a certain time span.
Publication date: 05 February 11:49 AM

FinFX Launches New Type of Accounts Called Savi Trading

 

FinFX, which is a world-famous Finnish company operating in the international Forex industry, offers all of its existing and potential clients to make use of the benefits of Savi Trading, a brand-new type of live accounts. According to some experts, the service available within the scope of the new type of trading accounts may eventually trigger a revolution in the contemporary trading environment.

Publication date: 03 February 03:55 AM

Dukascopy Launches New Forex Trading Contests

The Dukascopy community invites you to participate in new demo-trading contests. With that said, you don’t have to invest your own money to participate in the contests and to be able to win excellent cash prizes. Dukascopy, which is a truly reputable and client-oriented Forex company headquartered in Switzerland, designed these contests in order to support promising and talented traders who have potential to grow into trading heavyweights but currently cannot afford to invest their own savings in Forex trading for any reason. it all about the concept of social trading.

Publication date: 30 January 06:35 AM

WTI Oil Drops Below $44/b

 

As Saudi Arabia and other OPEC nations are reluctant to cut down on their oil production, oil prices keep on going down while being pressed by growing oversupply. In particular, WTI dropped down below $44/b yesterday, Masterforrex-V Academy reports.

Publication date: 30 January 05:50 AM

Chinese Yuan Enters TOP5 World Currencies

 

According to Masterforex-V Academy, the Chinese Yuan has become one of the 5 most popular currencies worldwide. This is the first time, the Renminbi has ousted the Australian Dollar and the Canadian Dollar.  In December 2014, the Chinese currencies was used in 2,17% of international transactions. This is confirmed by the SWIFT figures.

Publication date: 29 January 05:26 AM