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Saturday, 28 November 20:25 (GMT -05:00)

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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