The contemporary Forex industry keeps evolving and growing on a regular basis. While new participants join the market, new broking companies emerge in the industry while existing companies consolidate their position in the industry.
Apparently, it is not a secret that any trader wants to work with a reliable major broking company that can provide premium-quality services along with optimal trading conditions. Ideally, this is a full complex of broking services along with access to the genuine interbank liquidity. Other items on the list include instant execution of orders, a wide range of trading instruments, responsive support, excellent quotation, opportunities to diversify risks etc.
It turns out that not all those brokers that claim to be the industry’s best can actually provide high-quality services. Therefore, a natural question arises: How to find a suitable broker?
Institutional Brokers – Best Option
According to Eugene Olkhovsky, Masterforex-V Academy’s leading expert in financial markets from Canada, the Forex trading industry is constantly evolving and growing, which means that brokers are constantly facing tougher competition. This happens because the number of Forex brokers keeps growing.
It is necessary to pay attention to those brokers who are licensed by major financial regulators and prove to be client-oriented companies that understand that their clients’ profit equals their own profit. Access to the interbank is another key benefit of major brokers that should be taken into account.
In this aspect, institutional brokers are a perfect choice. However, there are dozens of institutional brokers. Therefore, Masterforex-V Academy started an unbiased and transparent rating for institutional brokers within the scope of its overall rating of Forex brokers – Masterforex-V Expo . This rating is based on 20+ independent quantitative criteria that cannot be falsified. This is a truly unbiased rating. It is designed to help beginners and professionals to choose a suitable broker among the list of the industry’s best and most reliable companies that offer broking services in various financial markets (including Forex).
Trading via institutional brokers used to be available only to those who have at least $10 000 for trading. However, things have changed since then. Today even major broking companies, including institutional brokers, have made real Forex available to anyone, which is definitely good news.
Masterforex-V Academy’s Rating of Institutional Forex Brokers
The current rating of institutional Forex brokers looks as follows:
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As we have just mentioned, earlier this year Masterforex-V Academy started a new rating to determine the industry’s best institutional brokers on a monthly basis.
As you can see, HY Markets is the frontrunner once again. It is not accidental. Why? It is because HY Markets is a major broker with 30 years of history, offices in financial centers worldwide and licenses given by major financial regulators. It offers beneficial trading conditions and allows traders to trade virtually any financial market they want.
FOREX.com and Alpari Limited occupy the 2nd and 3rd places respectively. These are other major broking companies with decent history, multiple awards, offices around the globe and major licenses.
