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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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EURUSD Starts Friday In Price Range

 

The common European currency has been under the seller’s pressure since Tuesday. The currency pair has been going down from 1.2839. The currency pair went down to 1.2613 yesterday and then recovered a little bit. At this point, this is the low of the week.

Publication date: 24 October 07:34 AM

ForexTrend and Forbes Name Leaders of 2nd Stage of Forex Managers Contest

 

Modern Forex market is available to anyone who wishes so. There have passed the times, when it was necessary to have a considerable capital in order to enter this trading platform. Besides, nobody guaranteed that you could accumulate it, but not drain in a day or two.
 
Publication date: 23 October 05:53 PM

EURUSD: Euro Starts Thursday With Strengthening Against US Dollar

 

Today, on October 23rd, the bullish sentiment in the market of the US Dollar is still underway.  This sentiment is backed by strong economic figures coming from the USA amid weaker figures from the EU, Japan and China – other major economies.

Publication date: 23 October 07:52 AM

EURUSD: Euro Starts Thursday With Strengthening Against US Dollar

 

Amid positive stats on US inflation indicators, the US Dollar continued its way up against the common European currency. Still, the move suspended at 1.2613. This is still the low of the current week. At the same time, this is the point, the currency pair started recovering from on October 23rd. So far, the currency pair has already managed to recover up to 1.2670.

Publication date: 23 October 07:32 AM

Forex and USD: Global Economic Slowdown Affect US Corporations

 

Another US corporate report season is underway. US corporations are currently reporting on their financial performance in Q3 2014. For instance, the Coca-Cola Company reported on Tuesday, October 21st, to show us disappointing quarterly financial performance. In particular, the company’s global sales remained unchanged while the proceeds came out worse than expected. This naturally made Coca Cola’s stock drop in value the same day. McDonand’s and IBM also reported poor results.

Publication date: 23 October 04:14 AM

Masterforex-V Expo: RVD Marekts Leads as Best ECN Broker. October 2014

 

Forex has turned into a major source of stable income for thousands of professional traders worldwide. Still, this success would be impossible but for reputable and reliable Forex brokers helping their clients make big money. Such trusted companies are oriented towards client needs and desires, simultaneously striving hard to improve their offers (including trading conditions) to let everyone enjoy even more convenient and efficient trading.

Publication date: 23 October 03:16 AM

Masterforex-V Expo: NAS Broker Recognized Best STP Broker 2014

 

As you know, the contemporary trading industry has become extremely sophisticated and competitive. Hundreds of broking companies keep competing for the right to render broking services to new and existing traders and investors. You shouldn't be surprised with the fact since Forex is the world's biggest financial market where trillions of dollars are turned over on a daily basis.

Publication date: 23 October 02:45 AM

Forex Trading and the Art of War: Differences and Similarities

 

Snipers have always been known for being patient, self-controlled. They are perfect in using weapons and evaluating the situation objectively under stress. However, it turns out that such skills are valuable in other sphere of human life and activity, including Forex trading. The thing is that in order to succeed, a trader should be pretty much like a sniper.  Having a winning strategy (which is like a rifle in a sniper’s hands) is not enough. You should know how to use it efficiently and be patient to wait for the right moment to take a shot and hit the target.

Publication date: 23 October 02:20 AM

AUD/USDTechnical Analysis 21st October 2014

AUD/USDTechnical Background

The AUD is quite a volatile currency. Over recent years it has fluctuated in value against the USD by as much as two thirds. However although it is volatile, the AUD/USD pair does tend to both trend and turn around quite smoothly, meaning this pair can be a real pleasure to trade. Both the USD and JPY have a large influence upon the value of AUD, and of course the currency has been highly correlated with the price of Gold.
 

Publication date: 22 October 06:22 PM

Forex: Euro Under Pressure

 

EURUSD spent most of the trading day within the scope of the 1.2730-1.2839 range yesterday. While staying within the range, the common currency showed a little bit of weakness against its American counterpart. Over the course of yesterday’s American trading session, the common currency, the US Dollar strengthening was backed by positive employment figures coming from the US Department of Labor. At the same time, the NAR revealed strong data on the amount of secondary housing sales in the USA over the same reporting period.  In particular, the sales growth improved from -1,8% up to 2,4% with a glance at seasonality. This allowed them to reach the highest value of the year at 5 170 000 housing units. The news was followed by a downswing to 1.2714.

Publication date: 22 October 08:47 AM