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Foreign exchange market

Masterforex-V Academy’s Rating of Micro Brokers


 

These days Forex industry offers a huge variety of services. Even beginning traders with small trading capital have an opportunity to trade Forex on micro-accounts (starting from $1). Probably, some of you have some questions like:
 
What are micro-accounts? Why are they so popular among beginners? Why are beginners recommended to choose micro-accounts (usually $1 to $50) when deciding to switch to real-money trading? Which micro-brokers are the most popular and reliable? Let’s try to answer them.
 
 
Micro-brokers: Specifics.
 
Micro-brokers are those brokers that allow micro-lot trading. According to Eugene Olkhovsky, Masterforex-V Academy ’s leading expert in financial markets from Canada, on the face of it, micro-trading looks like an unpromising and unprofitable market niche. Obviously, any broker would rather have one big-scale client with substantial funds to trade (say, $50-100K) rather than dealing with hundreds of micro traders with tiny trading capital (say, $10-100).
But in reality, micro-trading is promising for those fair and reliable brokers who are interested in long-term cooperation with successful traders because some of those beginners may eventually grow into professional traders managing 10-100K accounts and allowing the broker to generate stable profits on spreads and commissions.
That is the reason why major Forex brokers (like Forex club, Alpari, FxOpen, BMFN, FIBO Group, FXDD) occupy the micro-trading niche. They understand that micro-accounts are beginner’s first steps in the Forex trading environment. Later they might turn into big-scale traders operating substantial funds.
 
On the other hand, micro-accounts are the best option for beginning traders, Eugene Olkhovsky says. Micro-accounts are the most suitable accounts when it comes to testing your trading system or overcoming greed, nervousness and excitement.   These are the traits beginning traders must get rid of to become professionals. Another reason to trade micro-accounts is to find out whether a particular broker is reliable and suitable for you in terms of trading conditions. If this is a scam broker trying to make you lose your micro-deposit, then obviously it isn’t worth trusting.
 
22 brokers that allow micro-trading:
 
 
 
 
 
 
Masterforex-V Academy’s rating of Forex micro-brokers (those brokers that allow traders to open micro-accounts up to $50 and to trade 0.01 lot) counts 22 brokers. So, far over 35 000 traders have participated in the open voting. The voting is not over yet. The preliminary results look as follows:


 

 

Nord FX and Alpari are the unquestionable leaders among micro-brokers
 
Nord FX and Alpari occupy the first to standings in the rating. They are the most popular brokers among micro-traders.
 
 
 
 
Both the broking companies had perfect initial standings in Masterforex-V Academy’s main rating of Forex brokers (they represent the TOP 10 of Forex brokers). Nord FX started with 669 rating points while Alpari had 447 rating points before the voting. For now, they have a surplus of +1319 and +1181 points correspondingly.
 
Let’s have a look at their trading conditions:
 
 

 

Only 3 other micro-brokers can compete with Nord Fx and Alpari.
 
These are FX Clearing, FxOpen, Roboforex. They show positive dynamics as more beginning traders start trusting them.
 
 

 

Now let’s talk about mediocre micro-brokers.
FreshForex, Forex4You, Manors Group Broker, Lite Forex, BMFN, Forex Broker, Grand Capital, FX Start.
 
 
 
Manors Group Broker is showing the best dynamics of votes. More and more traders chose MGB’s innovation products and services.
 
 
Outsiders
 
And finally, let’s have a look at the list of outsiders. They are represented either by young and unknown brokers (they have failed to accumulate a substantial amount of votes) or by brokers with negative client feedback   - lots of claims and negative votes (for example, Instaforex).
 
 
 

 

The bottom line:
 
Not all the micro-brokers are the same. Even though Nord FX and Alpari seem to be dominating the micro-broking niche, everything can change. Every single vote matters, yours as well!
 
Therefore, in order to participate in the voting, please, follow the link, sing up and cast your vote.
 
 
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, which micro-broker is the best?
 
 

 

 

You are free to discuss this article here:   forum for traders and investors

 

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Forex: Euro Consolidates Versus Dollar As IMF Drops Global Economic Projection

 

Today, on July 25th, the common European currency keeps on regaining a little bit of tis value lost against the US Dollar over the last few days. The currency pair is consolidating at this point. Close to the end of the European trading session, EURUSD traded 0,3% higher around 1.3470.

Publication date: 25 July 04:59 AM

FBS Introduces New Account Types

More and more young and promising companies  come to the international Forex broking business, which certainly toughens the competition inside the industry. This leads us to believe that most broking companies (especially the younger ones) have to face severe competition as they fight for new clients and they really strive hard to deserve the right to render broking services in the contemporary Forex industry, which can sometimes be a very rough environment.

 
Publication date: 25 July 01:44 AM

IQ Option Starts Tournaments of Turbo Options for Forex Traders

Today Forex market gives numerous opportunities of getting stable profit. Trade on binary options is one of most popular variants.

Publication date: 24 July 05:36 PM

MasterForex-V Academy Gives Larson and Holtz a Test Drive

 

Choosing a reputable Forex broker is a real challenge for any trader. Yet, it is an inseparable part of the way to success in Forex trading. What makes a reliable broker? There are many aspects that make a reputable trading business, from competitive trading conditions coupled with innovative solutions and client-oriented approach to major licenses and awards.
 
Publication date: 24 July 09:03 AM

Masterforex-V Expo: Best PAMM Services. July 2014

 

If you want to get from rags to riches these days, working for someone else is not enough. Apparently, investing is a excellent opportunity to generate extra passive income. However, a lot of people don’t actually know how to invest so that this activity could generate stable income. Luckily, today’s Forex industry offers you a great opportunity to make money even if you know little or completely nothing about investing or trading….
 
Publication date: 24 July 08:24 AM

EURUSD Outlook

 

Yesterday's trading sessions turned out to be neutral for EURUSD. The currency pair ended the trading day fluctuating within the scope of the price range 1.3454 and 1.3473. Still, during the overnight trading hours the common currency lost a bit of its value against the US Dollar, thereby setting a new low at 1.3437.
Publication date: 24 July 07:43 AM

Forex: Euro Consolidates Close To 1,3472

 

The European trading session on July 23rd could be a failure for the common European currency since EURUSD declined down to the 8-month low, thereby reaching 1,3454. At the same time, EURJPY  and EURGBP declined set  new 5-month  and 22-month lows at 136,41 and 0,7872 respectively.
 
Publication date: 23 July 09:01 AM

Winner of Trader Contest “Larson and Holz” Tells about Secrets of his Success at Forex

 

There exists a great number of different contests for traders at Forex market. But by no means are all of them equally effective. Moreover, some of them, held by “kitchens”, promise great money prizes, chic SUVs, and keys from apartments, but in fact draw participants into real market, where the former happily empty the deposits of the latter.
 
Publication date: 22 July 06:47 PM

EURUSD: Euro Goes Down to 1.3458 Against US Dollar

 

During today's American trading session, the common European currency is still going down, thereby following the tendency seen last week. During the European trading session the bears managed to make the common currency devalue against its American counterpart down to the 5-month low, which used to be 1.3476. At the second part of the trading day, the price made another low. This time it was 1.3458.
Publication date: 22 July 11:09 AM

EURUSD: Euro Keeps Going Down

 

Yesterday, trading session was subject to low volatility, which is not typical of such a major as EURUSD. The currency pair spent entire trading day fluctuating within the scope of a pretty tight price range between 1.3512 and 1.3548.
 
Publication date: 22 July 07:31 AM