In order to succeed in the highly-competitive present-day Forex industry, Forex brokers have to widen and improve the range of services. If to consider the fact, that most clients are beginning traders with tiny trading capital, brokers have to take into account their interests.
Therefore, the industry’s micro-broking niche may account for the lion’s share of some broker’s profits. In this aspect, has a separate rating of micro brokers. Let’s have a look at the rating to find out who are the leaders and outsiders.
Micro Brokers: Best Way to Switch From Demo To Real-Money Trading
Despite the fact that the so-called “micro” brokers allow their clients to open “micro” accounts and deposit $5, $10… $50, the niche can be profitable as well. According to Eugene Olkhovsky, ’s leading expert in financial markets from Canada, it is micro brokers who help beginning traders to gradually switch form demo to real-money trading without major risks. Moreover, they allow their clients to test new strategies in real market conditions.
Micro brokers bet on promising beginners who could later become successful professionals and manage decent amounts of money to generate stable decent profits for themselves and the brokers.
Moreover, for beginners, this is a perfect opportunity to test the quality of the broker’s services without risking big bucks.
: Rating Of Forex Micro-Brokers 2012
The following chart shows the results of the open voting on ’s forum for traders and investors:
The mere leaders are NordFX, Alpari and Roboforex. These companies have offices in many countries around the globe. Aplari is regulated by major financial watchdogs while Roboforex is recognized as the world’s best broker for automated trading.
The Golden Medium is represented by 6 broking companies:
- FX Clearing;
- FXOpen;
- LionStone;
- Forex4you;
- Lite Forex;
- FreshForex.
These companies are also trusted by professional traders despite allowing beginners to open cent accounts. They have all chances to compete for the right to be called the industry’s best.
As for the outsiders, the list includes those broking companies that have failed to gain 2000 votes:
Some of these brokers like Forex Broker, Instaforex are not recommended for traders due to negative feedback and cases of non-payments.
Other companies - FXcast, FXCompany, PFGFX, Manors Group Broker, BMFN, FXStart – are among the outsiders because they are relatively young or less popular. Some of them offer uncompetitive trading conditions. Negative feedback is also the case for some of them.
Therefore, experts conclude that some brokers should pay more attention to the micro-account niche of the Forex trading industry.
They should keep in mind that any beginner has all chances to become a successful professional trader. Therefore, they should help beginners to grow. Later, some of them will be generating stable profits for them through spreads and commissions.
Another major aspect is image. Client-oriented brokers are always popular with all kinds of traders.
