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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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Seven deadlocks of Dealer

Individuals are not conceived as fruitful brokers. This takes numerous years of diligent work and changes toward oneself. While it is irrefutable - a few parts of identity can help accomplishments, proficient and fiscal triumph, yet numerous handy qualities, individuals only need to update without anyone else's input. Experts of the DVFA Exchanging Institute office and stock exchanging Masterforex-V note that on the best approach to turn into an Expert Merchant, you can confront numerous tests. In the event that you don't think about them, you can basically get stuck and regardless of what Titanic endeavors you put later on - victory will stay far from you. 

Publication date: 18 April 12:53 PM

Is it true that it is conceivable to deal with the mental anxiety upon the quick deposit development?

When we examine the state of the broker in the wake of getting a benefit or misfortune, it is difficult to figure out where more endeavors have been precisely used. It is difficult to create the relationship between winning and losing time used on the examination, on the measure of "blood and sweat" and after this, the individual is more debilitated. At the end of the exchanging day, it is clear that deliberations for acceptable operation may require altogether not exactly from more extreme and complete failure.

Publication date: 17 April 11:27 AM

USDCNY Outlook

 

In order to stop the economic slowdown, the Chinese financial authorities are ready to reconsider their monetary and budget policies.   At the same time, the Chinese government is determined to back those reforms and to make then national currency more flexible in order to take it one step closer to a free floating currency, Market Leader reports.
Publication date: 15 April 06:03 PM

Dollar rate is decreasing against the pound for a week for 0, 97%, as noted Optionova

The dollar succumbed to a week by 0.97 % against the pound, finishing the exchanging session on Friday close to 1.6729. The dollar essentially debilitated against most monetary forms on Forex on the base of the negative state of mind towards them by business sector members because of arrival of a generally powerless financial investigates Friday, on the fourth of April. In the meantime, the development of the pound to the dollar is upheld by solid financial information discharged in the UK. Exchanging week finished on the 7-11 of April, and Forex brokers abridged their exercises.  

Publication date: 15 April 02:14 PM

Dollar Tests Major Level

 

As of April 15th, the US Dollar keeps gaining value against other major currencies. During today’s European trading session, the index reached 79,90, which is a key level of resistance.
Publication date: 15 April 11:58 AM

USDJPY Outlook

 

Today, April 15th, the US Dollar is up by 0,06% against the Japanese Yen. During the American trading session, USDJPY is trading around 101,900.
 
SEB, one of the biggest banks is Sweden , is currently seeing the Japanese currency as the only safe-haven asset in the international currency market amid global geopolitical instability and some financial risks.
Publication date: 15 April 11:25 AM

FOREX: US Dollar Gains Value

 

The USD index was trading around 79,50 right after the start of this trading week. The European trading session turned out to be bullish fro the index, which indicated the overall strength of the American currency against other majors.
Publication date: 14 April 10:31 AM

Forex: EURUSD Goes 0,27% Down After Draghi’s Speech

 

Today, on April 14th, the common European currency is down against the US Dollar. The European currency lost 0,27% of its value against its American counterpart. Today's European trading session started with a bearish gap (1,3879 - 1,3858). The currency pair is currently trading around 1,3851.
 
Publication date: 14 April 06:27 AM

Professional Traders Say How to Make Money at Forex

 

Forex is considered to be the main financial market; it was opened in 1971. The main product at Forex is made up by currencies of various countries worldwide. Forex market is characterized by constant fluctuations, conditioned by the vast number of its participants. This results in numerous deals and fluctuation of quotations.
 
For has become very attractive to private persons due to the development of various connection technologies, for this gave people a unique opportunity to make deals with a help of a broker. Owing to it, any participant of Forex market can take a credit (provide a credit leverage), and correlation between credit resources and the sum of the account may reach 1 to 1000.
 
What do investments at Forex mean, and how to make money at Forex currency market? The “Market Leader” has asked these questions to the professional traders of the best Forex studying project in Europe in 2009-2013 Masterforex-V Academy.
Publication date: 13 April 01:06 PM

Forex: Will Yuan Oust Dollar?

 

A couple of decades ago, the Renminbi (the Chinese Yuan) used to be called «toilet paper». These days, this is among the world's TOP 10 currencies. Its share in the global currency reserves has quadrupled from 2% to 8% over the last few years.
 
At this point, the Chinese Yuan has almost ousted the US Dollar from Eastern Asia. The Renminbi definitely rocks there! Still, this is not the end.
 
Publication date: 11 April 03:53 PM