«Market Leader» - news and previews making you rich.

Search »

Masterforex-V: Documentary on Forex – What Don’t We Know?

Tips For Forex Traders: +144% In 10 Days

The Washington Post On European Crisis and Euro

Masterforex-V Expo: Best Forex Brokers. April 2013

Masterforex-V Expo: Rating of ECN Brokers

Masterforex-V Books

Market Leader Free Newsletter

Foreign exchange market

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

07 May 01:18 PM

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

Got a question? – Ask it here »

Hot news

Asian-Pacific Indices Go Red

European Stock Indices Go Red On Poor Reports

FBS: FX Bazooka – Analytical Portal of New Generation

Brent Comes Close To $105/b.

USDJPY Outlook

Stimulating the Japanese economy seems to be finally paying off. The real GDP in Japan grew by 3,5% in Q1 2013, which is the best performance seen over the last 12 months.

Publication date: 20 May 05:32 PM

Today, on May 20^th, Forex started a new trading week. There have been no radical changes in the market of EURUSD so far. The previous bearish move was elongated by some 200 points. The price keeps developing the ABC pattern of wave level Daily. The move hasn’t reached any of the given targets so far.

Publication date: 20 May 06:15 AM

It seems like more and more experts feel bearish on the near-term prospects of the common European currency. Some of them say that EURUSD may even drop down to 1,15 in late 2013. If this is the case, this will be the lowest level in 10 years.

Publication date: 17 May 10:35 AM

The current weakening of the Japanese Yen was fairly predictable for investors. However, after USDJPY exceeded the 100 limit, experts got divided over the prospects of the currency pair.

Publication date: 17 May 06:27 AM

Yesterday, on May 15^th 2013, Eurostat published a eurozone GDP report, which reflects the economic dynamics in al the 17 countries. The figures turned out to be much worse than expected. In Q1 2013, the aggregate GDP dropped by 0,2% as compared to the previous quarter. At the same time, tere was a 1% decline year-over-year.

Publication date: 16 May 05:06 AM

Stability is a cornerstone of success. While standards can change, such things as quality, reliability and safety will always be of great value.

There are hundreds of broking companies. However, few of them can actually boast premium-quality services and competitive trading conditions. Larson&Holz is one of such broking companies.

The company keeps evolving and improving the existing products and services while staying client-oriented and focused on innovation.

Not so long, the broking company offered even better trading conditions on NDD-based trading accounts. Let’s have closer look at the offer.

Publication date: 15 May 08:51 AM

These days, few people do not know about Forex. Most people know that this is a currency market that gives everyone an opportunity to make money by trading currency pairs. Unfortunately, there are many people that treat Forex as some kind of a scam or bingo play… or they are sure that it is impossible to trade Forex profitably. Indeed, most traders do lose in the long run, but this is how it works. This holds true for any market.

This is a rather controversial issue that needs comprehensive analysis.

Publication date: 14 May 12:08 PM

What is the key factor of successful trading? There is no universal answer to this question. Everyone can give his own reasoning. However, the most typical answers include:

Publication date: 14 May 09:49 AM

The Bank of England has left its policies unchanged. The MPC is probably not going to make any major changes until the new BOE Governor takes office.

Publication date: 13 May 07:11 PM

Japan’s external account showed bigger surplus in March. The actual figures reached ¥1251bn. This was a major increase against ¥637bn in February.

Publication date: 13 May 06:57 PM

Other media

«Market Leader» - news and previews making you rich.

Foreign exchange market

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

USDJPY Outlook

EURUSD: Intraday Outlook

Experts: EURUSD Will Drop Down To 1,15

Japanese Yen: Market Outlook

Trichet: Situation In Eurozone Gets Worse

Larson and Holtz: How to Trade with Zero Spreads?

Masterforex-V: Documentary on Forex – What Don’t We Know?

FIBO Group: High Leverage – Good or Evil?

British Pound Keeps Weakening Without New Easing Steps

External Account Surplus Reverses USDJPY