Any Forex trader would like to work with the best broker he or she can find. Probably, the notion of an ideal broker implies numerous factors, including experience, licenses given by international regulators, prestigious awards, low spreads and commissions, fast money withdrawals, endless bonuses and promotions, no slippage, no hardware or software errors, no non-market quotes, no negative feedback from clients, professional support and other factors.
“Unfortunately, there are no ideal things in real life and Forex.” That is how the administration of jokes. By the way, is Europe’s Best Forex Training Project 2008-2011. The Academy’s administration counts over 30 professional traders. They are clients of 5-6 brokers.
We must admit, there are brokers that are close to ideal or are leaders in certain fields. For example, there are:
· Brokers specializing in automated trading and offering the best trading platforms
· Brokers offering the lowest spreads, with no slippage and providing premium-quality dealing.
· Brokers with major licenses (but they can ,for example, ban scalping or trading robots)
· Brokers with PAMM-accounts for investors etc.
Over the last 11 months has been monitoring the performance of numerous Forex brokers, thus considering multiple aspects. Now it is time to award the best of the best in several nominations:
World’s Best Broker 2011 (Grand Prix): FOREX.com
Forex.com, a UK broker, has been recognized the world’s best Forex broker among 400 brokers and dealing centers of the world. The award is based on 19 criteria of ’s rating of Forex brokers , including major licenses, low spreads, numerous offices around the world, high-quality dealing (according to traders’ voting) and positive client feedback.
FIBO Group, Nord FX and MIG Bank are the world’s 2nd, 3rd and 4th brokers correspondingly:
World’s Best Dealing: Nord FX
Most of the traders, who participated in the voting, recognized Nord FX as the world’s best broker in terms of the quality of dealing. It got 4.8 points out of 5 possible, thus outpacing others, such as FOREX.com, MIG BANK, Dukascopy Bank SA, Finam, Saxo Bank etc.
In his interview to Market Leader Eugene Olkhovsky, a Canadian expert in financial markets, said the result of the voting were surprising because they matched the opinions expressed by ’s administration of professional traders.
World’s Best Bank for Forex Traders: MIG BANK (Switzerland)
The nomination is introduced because many traders prefer to trade Forex via banks.
MIG BANK (Switzerland) was recognized the world’s best bank for Forex traders after scoring 540 points in Masterforex-V’s rating of FX brokers .
Dukascopy Bank SA (Switzerland) was recognized the 2nd best bank for Forex traders. Finam and Saxo Bank come 3rd and 4th correspondingly.
World’s Best Broker for Investors: ForexTrend
ForexTrend was recognized the world’s best broker by those investors who got used to working with traders via PAMM-accounts. ForexTrend outpaced Finam and Alpari after scoring 563points in ’s rating of Forex brokers .
World’s Best Broker for Automated Trading: Roboforex
Expert Opinions:
Eugene Olkhovsky:
“’s awards will help traders and investors around the world to get acquainted with the world’s best brokers. They are really the industry’s best. They received their awards through hard and efficient work, not through some sponsorship or advertising campaigns. It is proved by 19 transparent independent criteria… ”
In January-April 2012 is planning to hold an open voting for each nomination to find the best of the best in 2012. The results will be published in spring 2012.
Market Leader and would appreciate if you could participate in a survey. Please, visit the Academy’s forum for traders and investors and answer the following questions:
Do you support the idea of holding annual award ceremonies? Would you participate in the voting?
