It is not a secret that most beginning traders have difficulty choosing a broker. Indeed, there are hundreds of broking companies offering their services worldwide. Endless commercials promising fantastic trading conditions make it a hard decision. Whom to trust? Which broking company to choose? When it comes to certain brokers, there is a gap between words and deeds.
In order to stay alive in the endless rough ocean of information, it is necessary to sort the wheat from the chaff. However, few people actually have time and knowledge to do it. That is why , Europe’s best Forex training project since 2009, decided to introduce its own unbiased and transparent rating of Forex brokers . It is based on over 20 quantitative criteria, which cannot be falsified. Moreover, it is composed with a glance at open voting (thousands of traders from around the globe).
Therefore, the rating can be used as a reliable guideline when choosing a reliable broking company. It allows you to save a lot of time and effort.
Choosing a popular and reliable broker…
According to Eugene Olkhovsky, ’s leading experts in financial markets from Canada, most traders do have difficulty choosing a reliable broking company. Obviously, it is crucial to work with a reliable broker if you are planning to be a winning trader. If the broker is constantly playing dirty tricks on you, it is impossible to make money even if you are the best trader in the entire world.
A reliable business needs a reliable partner that can be trusted. Unfortunately, most traders are negligent of their choice. They often fall prey to various catchy ads without making comprehensive analysis.
In order to avoid unpleasant surprises, you have two options: prior to making decent deposits, you can test a certain broker yourself by depositing a small sum (which is a minor one in comparison with your overall trading capital) or you can trust thousands of traders like you who have already done this for you. I’m talking about ’s rating of Forex brokers . Apart from the votes cast by those traders, there are more than 20 other quantitative criteria.
One of the multiple criteria concerns the popularity of a certain broker in mass media. For example, the more search requests a certain broking company has, the more popular it is among traders.
Let’s have a look at the current rating of popularity of Forex brokers.
As we can see, Alpari is the current leader. It is the most popular broker among Forex traders. It is not accidental.
recognized Alpari the best Forex broker in February 2013.
Alpari managed to achieve decent results in multiple fields of trading and investing.
Not so long ago, Alpari reached an all-time high in terms of monthly and annual turnover as well as the number of active clients.
TeleTrade is the runner-up. ForexClub comes 3rd. These are major Forex brokers as well. They have decent experience and are licensed by major financial authorities.
The chart below shows how many times a certain broker was mentioned in the news and articles in January and February 2013.
As we can see, is based on reliable quantitative criteria. Popularity is only one of them. Yet, it is not the major one. Therefore, you can trust the rating and choose a broker for the list of those brokers that were approved by and the international trading community, which includes thousands of traders from around the globe.
