Most people have always associated banks with stability and security of funds. It is not accidental that most people store their savings in banks. Obviously, most financial transactions are made by banks.
Why Do Traders Choose Banks As Their Brokers?
According to Eugene Olkhovsky, Masterforex-V Academy’s leading experts in financial markets from Canada, more and more people choose banks as their broking companies because banks can provide premium-quality services and access to interbank liquidity, simultaneously ensuring security of client funds.
On top of that, we should keep in mind that banks are some of the biggest participants of financial markets. Therefore, they can provide a much wider range of products and services as compared to ordinary dealing centers.
It is banks that provide quotation. Therefore, there is no risk of getting re-quotes or slippage, not to mention delays and unexpected shifts of clients’ pending orders. In other words, a bank that provides broking services is a perfect option for traders and investors.
Best Broking Banks
It is not an easy task to define best banks that offer online broking services since it requires analyzing a lot of information and considering multiple factors. Therefore, Masterforex-V Academy decided to simplify the task for traders and investors. In particular, it introduced its own rating of broking banks within the scope of its rating of Forex brokers .
To tell you the truth, this is some of the most objective and unbiased ratings of Forex brokers in the industry since it is based on opinions shared by thousands of independent experts, traders and investors participating in the open voting along with over 20 independent and transparent quantitative criteria. Therefore, there is no chance of manipulating the information.
According to Eugene Olkhovsky, Masterforex-V Academy’s leading experts in financial markets from Canada, last year’s rating was subject to tough competition as there were quite a lot of broking companies with perfect image and competitive offers. Eventually, MIG BANK, a Swiss bank serving as a broking company, won the “Best Forex Bank 2012” title. HY Markets and Dukascopy were the runners-up.
Best Forex Bank 2013
Even though the year-long open voting has been underway for a couple of months, we can clearly identify some leaders with the biggest chances to win this year’s title. Still, the results are intermediate and everything can change until the end of the voting.
The current TOP5 looks as follows:
· MIG Bank
· HY Markets
· Tusar Forex
· Dukascopy
· SaxoBank
It turns out that MIG BANK is the frontrunner again. This is not accidental because MIG BANK is a major financial institution licensed by major financial authorities and offering a lot of competitive trading conditions along with innovative products and services.
The complete rating looks as follows:
As we can see, the gap between the TOP5 and the rest of the rating is rather considerable. Therefore, we can conclude that the toughest battle for the “Best Forex Broker 2013” title will be between the very TOP5. Still, there is a sea of time till the end of the voting. Therefore, any vote matters. If you want to participate in the open voting and cast your vote for the bank which you think deserves to be called the best bank in the Forex industry this year, please feel free to visit Masterforex-V Academy’s official website.
