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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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Million Dollars to Skilful Hands 3 by Forex Trend. New Opportunities For Winning Traders

 
They say independence needs confidence while dependence requires hope. As a rule, successful people belong to the former group while most of people unfortunately belong to the latter one. Average people are constantly facing various deterrents and obstacles, including the dependency on the boss, constant income-related headaches, inflation, endless bills to be paid in time. Sometimes, bosses abuse their employees, forcing them to work overtime so as to not lose the promised premium or bounty.
 
Publication date: 12 September 05:28 AM

Euro Starts Friday From Gaining Value Against Dollar

The EU is ready to introduce another package of sanctions against the Russian Federation. The sanctions may influence negatively on the European economy, which may result on the common European currency losing even more of its value against the US Dollar.
 

Publication date: 11 September 07:14 AM

Forex. USD Index Consolidates Close To 84,52 High While Waiting For Major News

 

Today, on September, 11th, the US Dollar index reflecting the strength of the US Dollar against 6 other major currencies, is consolidating close to the local high of 84,52. The local high was set on September, 9th.
Publication date: 11 September 07:11 AM

EURUSD: Euro Consolidates Close To 1,29 VS US Dollar Amid New Sanctions Against Russia

 

The EU is ready to introduce another package of sanctions against the Russian Federation. The sanctions may influence negatively on the European economy, which may result on the common European currency losing even more of its value against the US Dollar.
 
Publication date: 11 September 04:30 AM

FinFX Introduces Signal Trader – Industry's Best Solution For Mirror Trading

 

Strengths: Why FinFX?
 
The Finnish Forex broker named FinFX can be considered a True ECN/DMA Broker. This status was earned by constantly following a distinct set of true values. FinFX's core values have definitely remained unchanged ever since the very moment the company was established. They can be divided into 3 categories. The first one has to do with reliability while the remaining to categories revolve around exclusively excellent trading conditions and true customer focus.
Publication date: 10 September 04:11 PM

EURUSD: Euro Stays Around 1.2930

 

The common European currency set an intraday high a 1.2957 yesterday. At the beginning of the European trading session, the currency pair retraced back to 1.2930. This is the price level the currency pair is currently trading around while tyring to consolidate.
 
Publication date: 10 September 07:12 AM

Forex: British Pound Gains Value Against US Dollar After UK Economic Reports

 

Today, on September 9th, the British Pound is gaining value against its American counterpart. The rally started after the statistical agencies of the United Kingdom revealed some of the economic figures, which came out strong. The figures testified to the active growth of the industrial production in the UK.
Publication date: 09 September 09:36 AM

Forex: EURUSD Outlook

 

The common European currency keeps on staying under the bears' pressure. At the start of today's European trading session, the currency pair (EURUSD) continued its way down to new local lows. Yesterday, it overcame the previous low of 1.2888 to find the local bottom at 1.2860.
 
Publication date: 09 September 09:12 AM

Forex: Euro Keeps Going Down

 

The common European currency keeps on staying under the bears' pressure. At the start of today's European trading session, the currency pair (EURUSD) continued its way down to new local lows. Yesterday, it overcame the previous low of 1.2888 to find the local bottom at 1.2860.
 
Publication date: 09 September 06:43 AM

Masterforex-V Training News: Getting needed info – it`s a real success for a trader

Every trader`s mercantilism on the Forex market ought to handle terribly great deal of data, it's necessary to urge the right knowledge and hold right deal at the proper time. Typically knowing the facts makes it not possible to try and do everything at the time, and still a decent bargainer ought to be able to handle the data within the right approach. 

Publication date: 08 September 05:20 PM