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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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FBS Recognized Best Asian Broker 2014 4 Times In A Row

 

What makes the industry’s best representatives stand out from the crowd of other average counterparts? Yes, you are right! It is all about progress, professionalism, stability, efficiency and flexibility.

These are to cornerstones of success in almost any business, including Forex brokerage. Today we want to share with you the outstanding achievement made by some o the best Forex broking companies out there. Its name is FBS. The thing is that FBS won another prestigious Forex award last month, which came as true recognition the company’s policies and approach to the client. Let’s have a closer look at it…

Publication date: 19 September 03:39 PM

GBPUSD: British Pound Gains Value versus US Dollar as Scotland Remains a Part of Great Britain

 

Today, on September 19th, the British Pound is gaining value against its American counterpart. The tendency started this morning after Scotland revealed the results of the latest independence referendum. As a result, Scotland decided to stay a part of the United Kingdom.  Apparently, this triggered a bullish wave.
Publication date: 19 September 06:22 AM

US Dollar Gains Value And Sets New Local High At 84,81 After Fed Meeting Results

 

Today, on September 18th, the US Dollar index, which indicates the strength of the American currency against a basket of 6 other currencies, continues its way up to new local highs. The thing is that this morning, the index managed to gain 0,38% to set the new high of the year at 84,81. The rally resumed as a response to the results of the latest Fed meeting. In particular, the Fed left all of its policies unchanged. However, the central bankers warned the world about the likelihood of monetary toughening in longer-term perspective.
Publication date: 18 September 06:10 AM

Masterforex-V Academy: Who Cannot Enter Masterforex-V Expo’s Ultimate League of Forex Brokers and Why?

 

Sooner or later, any Forex trader has to face the challenge of choosing a reliable broker, which will help him/her to succeed in Forex trading in the long run. The thing is that depositing is easy with any broker, both a scam and a truly reputable one. However, when it comes to withdrawing funds, only reputable brokers can withdraw money without delays and questions and lame excuses, which is certainly not the case with minor brokers and scam brokers.  
 
Publication date: 17 September 03:33 PM

EURUSD Still Trades Around 1.2960

 

The currency pair managed set another local high at 1.2994 yesterday. This thing happened closer to the end of the American trading session. EUR/USD managed to go up to set another local high after overcoming to resistance in the form of the top of the range between 1.2858 and 1.2962. It should be noted that the currency pair used to be consolidating within the scope of the mentioned range for 5-6 days. Therefore, yesterday’s European and American trading sessions were mostly dominated by the buyers. Surprisingly, the common currency managed to gain some value amid weaker-than-expected figures coming from the Eurozone.
Publication date: 17 September 01:11 PM

EURUSD Trades Close To 1.2960

 

The currency pair has been bullish since the beginning of today’s European trading session on September 17th.  
 

 

The currency pair managed set another local high at 1.2994 yesterday. This thing happened closer to the end of the American trading session. EUR/USD managed to go up to set another local high after overcoming to resistance in the form of the top of the range between 1.2858 and 1.2962. It should be noted that the currency pair used to be consolidating within the scope of the mentioned range for 5-6 days. Therefore, yesterday’s European and American trading sessions were mostly dominated by the buyers. Surprisingly, the common currency managed to gain some value amid weaker-than-expected figures coming from the Eurozone.
Publication date: 17 September 07:11 AM

EURUSD: Euro Keeps Regaining Value Against Dollar

Yesterday, the currency pair set another local high at 1.2994. This occurred during the American trading session. EUR/USD rallied up to the local high after breaking above the top of the 1.2858-1.2962 price range, which was a pretty wide one. The price used to consolidate within the price range for almost a week. So, yesterday’s trading session were mostly won by the bulls. Strange as it may seem, but the currency pair gained value amid weak stats from the Eurozone.
 
Publication date: 17 September 06:55 AM

Forex. USDCHF: Dollar Rallies Against Franc

 

Switzerland’s producer prices and import prices continued their way down in August 2014, as reported by the Swiss Federal Statistical Office. At the same time, the Swiss National Bank expects the period of low inflation to continue longer than expected.
Year over year, the PPI and import price decline reached 1,2% in August after July’s decline of 0,8%. As we can see the downward tendency accelerated over the reporting period.
 
Publication date: 16 September 04:15 PM

EURUSD Goes Up to 1.2966

 

The key currency pair, which is EURUSD, is still trading within the scope of the 1.2858-1.2962 price range. The current trading range has been underway since the middle of last week.
 
Publication date: 16 September 09:30 AM

US Dollar and Forex: This Week’s 5 Key Drivers

 

Without any doubt, the Fed’s meeting is the event of the week. Millions of retail and institutional traders around the globe are looking forward to seeing the result of the meeting since this one will be influencing all financial markets thanks to the future monetary policies, including the intentional to start raising interest rates. On top of that, the Fed’s meeting will end up with several economic predictions and will be followed by the press conference conducted by Janet Yellen, the Fed’s Chair.
 
Publication date: 16 September 09:28 AM