Sooner or later, each trader faces one and the same problem: How to find a reliable broker?
Most traders choose among those broking companies that offer the industry’s most competitive trading conditions, including tight spreads, instant execution of orders, interbank liquidity. Most brokers offer But in reality there are so much more factors to consider when choosing a reliable broker.
’s Rating of Forex Brokers
In order to help traders choose a broking company, introduced an unbiased rating of Forex brokers , which is based on 20 independent criteria, including:
· Year of foundation (5 rating points per year of existence)
· Major licenses (FSA, NFA etc).
· International awards
· Spreads
· Positive and negative feedback
· Amount of offices around the globe.
The current rating looks as follows:
MIG Bank has confirmed its leadership. Thanks to the Swiss quality, MIG Bank has been the frontrunner for a couple of months.
It offers high-quality services in 120 countries around the globe. The major advantages include:
· Licenses granted by the FSA and FINMA
· Multiple prestigious awards
· Positive feedback
· Over 30 years in the industry
· Direct access to interbank liquidity
By the way, MIG Bank was recognized the best broking bank for Forex traders in 2011.
NordFX is the runner-up. This broker is also worth trusting. High quality services, wide range of bonuses, direct access to interbank liquidity and so much more. The broking company is regulated by the FSC and is awarded by numerous prestigious awards. It is especially popular by trades from Eastern Europe.
FOREX.com is number 3. It has been in the industry for many years, thereby proving its reliability. This UK broker is regulated by the NFA and the FSA. It was recognized the World Best Broker 2011 by .
ForexTrend and Alpari occupy the 4th and 5th standing in the rating. These are major Forex brokers licensed by major financial regulators.
