If you want to win big by trading Forex, you cannot do without a reputable and reliable broker. With that said, the question of choosing a broking company will always be topical. Despite all those multiple efforts to regulate the international Forex markets, thousands of beginning and advanced Forex traders are still facing challenges when trying to decide which broker to go with…
How to Choose a Reputable Forex Broker?
The key reason why hundreds and even thousands of beginning traders fall prey to dirty and unfair brokers is the fact that they tend to follow all those catchy banners and commercials designed to attract new fools by simply promising them everything the dream of, including financial freedom and riches just in a couple of clicks. Those are open lies.
While Forex can become the source of riches and lead you to financial freedom, it is not as easy as one might think or as those catchy and lying commercials promise you. Making money in today's sophisticated financial markets requires a lot of professionalism, including the right knowledge and skills coupled with the right set of mind, a winning strategy and, of course, a reliable partner, which is you broking company. Without a reputable and reliable broker, everything else just doesn't matter since no matter how good you are at trading Forex and how hard you try to earn money, you won't be able to compete against all those dirty little tricks an unfair broker is going to play on you…
With that said, choosing a reliable broker is one of the cornerstones of successful trading in any financial market, Forex is no exception. Well, how to made the right choice in a fairly competitive industry, which Forex really is. Hundreds of broking companies are willing to offer you their products and services. Still, some of them may delude you while others strive hard to help you become a good trader.
Of course, you can do a lot of research on your own, which will definitely require a lot of time, effort and money. Luckily, you have a perfect alternative. You can make use of Masterforex-V Expo, a project embracing dozens of Forex broker ratings and covering nearly every single aspect of broking services to make the choice flexible. The project was launched a couple of years ago by Masterforex-V Academy, a reputable online coaching site, which has been recognized Europe's best Forex coaching project since 2009! Therefore, this is the one that can and should be trusted when it comes to everything that concerns Forex trading.
By the way, all the ratings within the scope of Masterforex-V Expo are designed so as to match over 20 unbiased and objective quantitative criteria. They cannot be manipulated, which makes any of the mentioned ratings an ultimate guide…
Apart from annual ratings, Masterforex-V Expo includes monthly ratings. Any monthly rating is based on several criteria: innovation, PR quality and security, the attractiveness of trading conditions, support quality, the efficiency of educational resources, bonuses and contests.
Let's have a look at the results of June's rating:
In terms of innovation, comfort and security as well as trading conditions and quality, the following broking companies found themselves at the TOP of the rating in June 2014:
ForexTrend – number 1. The broking company launched a new and improved PAMM index called i500 (embracing the 25 most profitable PAMM accounts). Experts say the new index is subject to ultimate diversification and improved profitability coupled with reduced risk.
TeleTrade – number 2. The broker introduced a new investment project - an ABC for investors. This one includes TV programs explaining the basics and event details of successful investing in Forex and other financial markets.
FBS – number 3. The company launched an improved bonus program, promising +60% for depositors and subject to unprecedented conditions, including the withdrawal of bonus money and other options unavailable with other brokers. On top of that, the company offers fund insurance and refunds.
As for PR quality, the following guys were recognized the best in June 2014:
Fibo Group - number 1
Pantheon Fiance – number 2
ActiveTrades – number 3
Forex trend - number 4
For the full rating and more details please visit Masterforex-V Expo's official website. Good trading!
