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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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EURUSD: Euro Retraces to 1.3135

 

Monday has been relatively calm so far, without strong directional moves seen in the market of EURUSD. At this point, the currency pair is consolidating within the scope of the 1.3118 - 1.3145 price range.
Publication date: 01 September 10:31 AM

EURUSD: Euro Gains Value To Hit 1.3140

 

Today's European trading session has been relatively calm, without strong directional moves. At this point, the currency pair seems to be making a bullish reaction to the previous bearish move that resulted in setting a new low of the year at 1.3318.
 
Publication date: 01 September 07:31 AM

Mill Trade: Forex is Simple!


It is known that beginners usually have luck, and Forex is no exception in this reference. Besides, here luck starts literally once one has made a decision to become a trader, for today, in order to learn how to work at Forex and actually start doing this, one does not need to graduate from specialized educational establishments. You can get the knowledge on your own internet provides a lot of high-quality educational materials, books, and forums, where you can communicate with like-minded people.
Publication date: 30 August 12:49 AM

EURUSD Outlook

 

Yesterday, the common European currency was under pressure exerted by the sellers.
EURUSD started going down since the local high of 1.3218. By the endo of the trading day, the price reached 1.3159. his is still the local low.
 
Yesterday, we saw positive stats coming from the USA. They concerned the local labor and housing market. In particular, the amount of initial jobless claims shrank from 299 000 down to 298 000 last week, which is definitely a positive sing for those who purchase the US Dollar.
 
At the same time, the amount of incomplete sales in the local housing market increased up to 3.3% in August. The sales increase took place from 102.5 points up to 105.9 points.
Publication date: 29 August 12:08 PM

EURUSD: Euro Goes Up To 1.3185

 

Yesterday, the common European currency was under pressure exerted by the sellers.
EURUSD started going down since the local high of 1.3218. By the endo of the trading day, the price reached 1.3159. his is still the local low.
 
Publication date: 29 August 08:18 AM

Forex: US Dollar Gainst Value Against Yen

 

Today, on August 29th, Japan delivered a news block of 4 economic reports during today's Asian trading session. The news block indicates that the economic recovery seen after the recent sales tax increase is unstable and inconsistent. Most likely, the recovery period is going to be longer than expected by the Bank of Japan.
 
Publication date: 29 August 04:19 AM

Forex Trend’s PAMM Accounts Keeps On Generating Stellar Profits !!!

 

If you are really intended to make a successful career and to back your bright financial future, investing in safe-have assets with decent yields is a way out. To tell you the truth, it is not as difficult as one might think at first. Still, it is only possible provided that you are really willing to devote enough time, money and effort to it. Practice shows that anything is really possible for ambitious and hardworking people doing their best to make their dreams come true.
 
Publication date: 28 August 12:21 PM

EURUSD: Euro Drops Down To 1.3169

 

During the European trading session, EURUSD is going down from the local high of 1.3218. At this point, the downswing has been suspended at 1.3169.
 
Publication date: 28 August 10:34 AM

EURUSD: Euro Recovers Up To 1.3217

 

The strong downward pressure exerted by the sellers of EURUSD weakened a little bit suring yesterday's trading hours. After hitting a local low at 1.3152, the common European currency started regaining some of the lost ground against the US Dollar. The bullish recovery took almost the entire trading day amid a lack of major economic news from the Eurozone and the USA.
Publication date: 28 August 06:21 AM

EURUSD Decline Down To 1.3170

 

The sellers' pressure exerted on the common European currency is still underway. Since the nightly low of 1,3152, the currency pair recovered during the entire European trading session of August 27th but the started going down again. The price level of 1.3188 is still the intraday high.
 
Publication date: 27 August 02:13 PM