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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 Outlook

 

Friday’s American trading session turned out to be a losing one for the common European currency since the pair started going down at the end of the week. In particular, the currency pair decreased from 1.2837 down to 1.2742.  The US Dollar kept on strengthening even amid controversial US housing stats released on that day.

Publication date: 20 October 10:35 AM

Euro Starts Trading Week With Slight Weakness

 

Friday’s American trading session turned out to be a losing one for the common European currency since the pair started going down at the end of the week. In particular, the currency pair decreased from 1.2837 down to 1.2742.  The US Dollar kept on strengthening even amid controversial US housing stats released on that day.

Publication date: 20 October 08:02 AM

Fort Financial Services Resumes Five-Year Activity at Forex

 

Few Forex brokers can boast of wide popularity among traders and not smaller client base, which constantly increases. Fort Financial Services is one of such world-famous companies. According to its clients, the broker provides one of best technologies and products at the market, which provide stable, safe, and profitable trading.
 
Publication date: 19 October 05:51 PM

Fort Financial Services Called Best Forex Broker in August 2014

 

Statistically, only 10% of forex traders get stable get large profit, whereas the bulk of participants of international currency market make not as much and not as regularly, as they would like to. And there is the third category of traders – those, who rarely get income, which is hardly enough to cover the former losses.
 
Publication date: 18 October 01:44 AM

EURUSD Consolidates

 

Today, on October 17th, during the European trading session, the common currency managed to regain some of its value against the world’s most popular currency, which is the American Dollar.  Still, the recovery was rather weak.  EURUSD rallied from 1.2780 up to 1.2839, thereby making a narrow trading range between the levels. With that said, the currency pair has been trading within the range since the beginning of the American trading session.

Publication date: 17 October 11:39 AM

US Dollar May Stop Strengthening When Fed Finishes Tapering QE3

 

Yesterday, on October 16th, the President of the Federal Reserve Bank of Saint Louis told Bloomberg TV that the Fed should delay the total tapering of QE3 planned for this month. His concerns are caused by lower inflation expectations coming from investors coupled with much more volatile markets. US stock indices were busy retracing before the statement, thereby reducing to nothing almost the entire gains to all-time highs made this year. After the statement, the VIX went down from the extreme value of 31,06 down to 25,20 while the USA’s major stock indices closed the trading session with a rally.

Publication date: 17 October 06:20 AM

USD Loses 0,11% Amid Weak US Economic Data

 

Today, on October 16th, the US Dollar drooped 0,11% during the Asian trading session. This decline was followed by yesterday’s drop against other majors after the USA revealed poor economic figures during the American trading session.

Publication date: 16 October 06:53 AM

USDJPY: Dollar Gains 0,19% Against Yen After Stock Market Rally

 

Today, on October 15th, the US Dollar managed to gain 0,19% against the Japanese yen earlier on the trading day. This happened after Nikkei 225, Japan’s major stock index and one of the major Asian stock indices, gained 0,5% during the Asian trading session.

Publication date: 15 October 09:19 AM

Forex Traders Reveal Their True Earnings

 

There is no such thing as too much money. That is why the search of decent moneymaking opportunities has always been and will always be one of the key and most burning issues for an average human being. On top of that, this holds especially true when the global economy shows signs of weakness and is about to stagnate, thereby affecting the buying power of most people around the globe.

Publication date: 15 October 06:12 AM

Masterforex-V Expo Names Best Micro Brokers in October 2014

 

As you probably know, today’s Forex industry offers a huge variety of services. Even rookie traders with tiny trading capital now have a decent opportunity to trade Forex on the so-called micro / cent accounts (starting from $1). I bet some of you have some questions like:
 
What are micro / cent accounts? Why are they so popular among rookies worldwide? Why are beginning traders recommended to choose micro / cent accounts (usually $1 to $50) when deciding to switch to real-money trading? Which micro brokers are the most reputable, popular and reliable? Let’s find this out…

Publication date: 15 October 05:07 AM