Vlad Demochko
These days, those who want to succeed in trading financial markets have much more opportunities than those who set the same goal decades ago. However, there are pitfalls, including broking companies and dealing centers that cannot provide high-quality services and deceive their clients.
How to find a really reliable Forex broker? has introduced its own rating of Forex brokers . It is unbiased as it is based on 20 transparent and objective criteria. Therefore, there is no change of abuse or manipulation. Let’s have a closer look at the current rating.
Masterforex-V Rating
According to Eugene Olkhovsky, ’s leading expert in financial markets from Canada, today’s world of information is dominated by the Internet. Therefore it would be logical to assume that a broker’s popularity is formed in the virtual environment. In plain world, the public opinion is formed on multiple forums and sites dedicated to Forex trading. It forces beginning traders into making a certain choice. However, the crowd’s opinion doesn’t always reflect the real state of affairs in the industry. Some sites are biased and act for the benefit of certain broking companies or dealing centers.
Therefore, there are certain guidelines that should be followed in order to avoid falling prey to those dirty brokers. First of all, you should check whether a certain broker is licensed by a major financial regulator like the FSA, NFA or CFTC, for example. Other major factors include trading conditions, the number of years in the industry, client feedback etc.
Which broking companies are the most popular ones among internet users?
The chart below, courtesy of , reflects December’s rating:
As we can see, the trinity of leaders is represented by some of the industry’s top broking companies: TeleTrade, Alpari and ForexClub.
Pay attention to the right column which contains decent data – the amount of references in mass media per months. ForexClub and Alpari are the frontrunners in this nomination while TeleTrade is only number 6m yielding to InstaForex, HY Capital Markets and ForexTrend.
It is not accidental that ForexTrend is among the industry’s top representatives. Last year the company revolutionized the industry by introducing PAMM indices, thereby changing the way traders and investors think about safe-haven assets. HY Capital Markets has deserved one of the top standing s in the rating as the broker has done a lot to improve the quality of its products and services over the last few years. Moreover, the broker has been in the industry for over 3 decades! It is licensed by major financial regulators and has offices all around the globe. In late 2012, HY Capital Markets and started a series of free webinars for beginners in order to help them get their knowledge and skills to a whole new level.
Forex4you, RoboForex and ForexTrend have all chances to catch up with the frontrunners. They have over 1000 references per months. Yet, the results keep improving every month.
Mass Media References
The chart below, courtesy of , reflects the current state of affairs in the rating based on references in Yandex News.
It should be noted that the following rating can be considered as a leading indicator for the near-term prospects of a certain Forex broking company. It can be taken into account when you decide whether to cooperate with the broker or to pay attention to another one.
Vlad Demochko
