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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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Hantec Markets Announces New Webinars by Richard Perry

Teaching people how to trade Forex professionally and profitably has been the key focus of Hantec Markets, a reputable Forex broker. They say only those traders who have enough knowledge and skills can benefit from Forex trading in the long run. Therefore, being a client-oriented company, Hantec Markets is focused on getting their clients up and running in order to stay afloat and eventually succeed in trading currencies and other financial assets. Avoiding costly mistakes and making weighted trading decision on a daily basis are some of the cornerstones of long-term success in trading any financial markets.

That is why Hantec Markets decided to invite a true expert in trading financial markets to share his expertise, tips and tricks with the audience. His name is Richard Perry.

Publication date: 28 May 12:25 PM

Time of Correction with YA-HI: Changing a Broker or Improving its Work

As a rule, professional traders follow the same parameters when choosing a broker company, whereas beginners do not know what exactly to pay their attention to. Although there is no single scheme of choosing a broker in the world of Forex, but there is a certain set of rules, worth paying attention to.

 

And, what is more, everybody knows that success of a trader and his business depends on the quality of services provided by his broker. So what should actually happen for a trader to get serious reasons to go to another company? Specialists of Ya-hi company have helped us to handle this and other questions.
Publication date: 28 May 09:46 AM

Forex: Orbex Offers Free VPS!

 

Orbit, a major player in the international Forex industry, proves that it is a client-oriented company once again This time the Forex company gives all of its client an unprecedented chances to enjoy increased performance (especially for the fans of automated Forex trading using trading robots) by making use of the company’s free VPS.

Publication date: 26 May 03:49 AM

Is China Getting Ready to Ruin the Dollar?

According to Want China Times, China is planning to make the U.S. Dollar crash in the near future. Most probably, Russia is going to assist China in manifesting this plan. The key fact supporting the supposition is the 30 000 tons of gold accumulated by China. At the same time, Russia is said to be heavily being gold as well. This is definitely not a coincidence. Maybe the collision is indeed underway or maybe Russia and China just want to secure themselves against another major crisis which is just a matter of time.

Publication date: 26 May 03:20 AM

Forex. EURUSD: Dollar Raises Against Euro Amid German Economic Slowdown

 

According to the recent report released by the IFO (Germany), the German IFO index of business confidence declined from the previous value of 108.6 points (seen in April) down to latest reading of 108.5 points, Market Leader reports.

Publication date: 25 May 06:33 PM

GBPUSD: U.S. Dollar Keeps on Gaining Value against British Pound after BOE’s MPC Meeting Minutes

 

The Bank of England has recently published its MPC meeting minutes. Despite the unanimous decisions made by the committee. some of the MPC members are already eager to consider tougher monetary policies for the Britsh central banks.

 

Publication date: 24 May 03:15 PM

NordFX Names Best Forex Signals in April 2015

 

The Forex market is definitely one of the best and most efficient ways of making money both for rookies and experts in financial markets. For instance, such outstanding opportunities to get a decent passive income are offered by a Forex company named NordFX, which belongs to the most reputable Forex companies in the global Forex brokerage industry.

Publication date: 24 May 02:29 PM

Forex – in What Way and How Much Investors Can Earn

 

These days work at the international currency market Forex is available practically to anyone, even without deep knowledge of finance or high starting capital.
 
This is mainly favoured by two factors: this trading ground is the largest around the globe by daily money turnover and, as a consequence, the most dynamical one. And the last factor “gives rise to” innovative technologies, which increases comfort, reliability, and safety of trade together with increase of gained profit.
 
Publication date: 21 May 02:08 PM

Forex-Market Lets You Get Real Cash From Demo Accounts

 

Have you ever wanted to give binary options a try without investing a penny? Well, Forex-Market is giving you such an opportunity. In particular, the company invites you to anticipate in an unprecedented trading contest where you can win real cash when demo-trading. It is called "A real profit from the virtual account». The winner of the contest gets $1000! Sounds great, doesn’t it?

Publication date: 20 May 02:29 PM

Masterforex-V EXPO Names Best Brokers for Auto-Copying in May 2015

 

As the financial crisis around the globe is building up again, more and more people have to lower their standards of living. People are desperately seeking extra sources of income. Most of them give up since they lack knowledge and expertise in looking for decent investments. Still, there are people who eventually find what they look for. I mean they eventually come to online investments. Investing in those who trade Forex professionally has become one of the best ways to generate truly stellar profits within a relatively short period of time.

Publication date: 20 May 01:23 PM