For centuries banks have been considered the safest and most reliable places to store money. Therefore, it is not accidental that most people prefer banks to other financial institution.
Even some Forex traders do not trust conventional broking companies, thereby making their choice in favor of those banks that offer trading services. The say broking banks are more reliable and offer the industry’s most competitive trading conditions and high-quality service. Indeed, it is banks that provide access to the genuine interbank liquidity in the Forex market.
Therefore, broking banks can provide access to the world’s major liquidity providers or they can act as liquidity providers themselves. Banks also secure clients’ funds and guarantee transaction security.
Industry’s Best
Which broking banks are the industry’s best? According to Eugene Olkhovsky, ’s leading expert in financial markets from Canada, in order to answer this question and to get unbiased and comprehensive information on the matter, traders are recommended to consider ’s rating of Forex brokers . The rating is based on 22 independent, objective and transparent criteria, including the open voting available to traders, investors, financial experts and analysts. Each criterion gives each broker a certain amount of rating points.
It should be noted that last year, MigBank was recognized the best broking bank in the industry. HY Markets and Dukascopy were recognized number 2 and 3. As for MigBank, it was aloes recognized the “World’s Best Forex Broker 2012”.
It is not accidental that MigBank won 2 awards at a time. The Swiss financial institution did a lot of work to win their clients’ hearts and minds. The premium quality of the company’s services was reflected in last year’s open voting. Moreover, MigBank outpaced its rivals in almost every single aspect.
MigBank is licensed by major financial authorities including the Financial Services Authority (FSA), the National Futures Association (NFA), the Commodity Futures Trading Committee (CFTC) etc.
It has been in the industry for many decades. It provides premium-quality services and security. Highly-competitive trading conditions include instant execution of orders without slippage and re-quoting as the bank can act as a counteragent and liquidity provider itself.
Now let’s have a look at the TOP5 of last’s years rating:
As we can see, HY Capital Markets is the runner-up. This is another major financial institution with many decades of history and offices around the globe. HY Markets is also licensed by major financial regulators, including some of those that were mentioned above.
On February 4th, started this year’s rating of broking banks. In a year some of the participants will be awarded with the “World’s Best Broking Bank 2013” title.
You are welcome to participate in the open voting and cast your vote for the broker that, in your opinion, deserves to be the industry’s best!
