These days it is not that easy to find a reliable broker that can be trusted. A reliable trading partner is just as (if not more) important as a profitable trading system, trading skills and knowledge. Indeed, does it really matter how good you are at trading if your broker can let you down at any minute by giving you non-market quotes, order execution errors or by simply refusing to pay? The answer is obvious.
How to avoid dirty dealing centers and broking companies? How to choose between the industry’s best and most reliable brokers? knows the answer to this question…
: Unbiased Rating of Forex Brokers
Actions speak louder than words! It is impossible to disprove the old wisdom…. That is why , Europe’s best Forex training project 2009-2012, has developed its own unprecedented unbiased rating of Forex brokers , which is based on 20+ independent criteria.
Since the very start, the rating has become the real catalyst showing us who is who in the Forex industry. In particular, dirty dealing centers and broking companies are almost always at the bottom of the rating. If a broker belongs to the 3rd (lowest) league of the rating introduced by , it is strongly recommended to avoid any cooperation with them unless you want to waste your money. These are either relatively young unregulated brokers or those companies that have a lot of complaints about the quality of their services.
Only representatives of the premier (ultimate) league of Forex brokers are suitable for successful long-term cooperation and can be trusted.
The rating is unbiased and transparent. So, there is no way brokers can buy a standing in the rating. All the criteria are distinct, unbiased and can be checked by anyone. The list of criteria includes licenses given by major financial regulators (like FSA, for example), positive and negative feedback (a kind of likes and dislikes), international awards, trading conditions and many others (for more details, please, visit the official page of ’s rating of Forex brokers ).
Every single criterion has its own range of rating points credited to each broker participating in the rating. Those brokers that have managed to earn 350+ rating points enter the premier league of the rating.
This rating was introduced nearly 2 years ago. Since then it has never failed. Thousands of traders from around the globe trust the rating and are grateful to for the great job it has done for everyone.
Now let’s have a look at the current rating.
October 2012.
The chart below, courtesy of , reflects the current list of the brokers that represent the premier league of the rating:
MIG Bank, a famous Swiss broker, has been at the top of the rating for several months. The broker specializes in Forex trading and renders broking services to both institutional and individual traders and investors. MIG Bank is distinguished for its spotless reputation and high-quality services. Moreover, the broking company is regulated by major financial watchdogs, including the FSA and the FINMA. However, the broker doesn’t offer micro accounts.
Nord FX appears to be the world’s second best broker. Its quality of dealing is high. The broker offers exclusive no-deposit bonuses for beginning traders. It is the World’s Best Micro Broker 2012.
FOREX.com is number 3. This is one of the industry’s biggest and oldest brokers. It is headquartered in the UK and is regulated by the FSA and the NFA. The broker offers high-quality broking services.
ForexTrend is number 4. The broker is distinguished for its revolutionary products like PAMM indexes, which allow thousands of people generate stable income without running major risks.
Other representatives of the ultimate league have their strong sides as well. In particular:
· Alpari has many offices around the globe and is regulated by the NFA, which speaks in favor of its reliability.
· SaxoBank enjoys immense popularity in mass media.
· Oanda, Dukascopy Bank SA, FXCM are major Forex broking companies. However, they neglect their PR campaigns for some reason.
· FxOpen is the world’s best ECB broker.
· HY Capital Markets is the world’s best broker for institutional traders.
· RoboForex is the world’s best broker for automated trading.
As you can see, you have a lot of options to choose from…
