Choosing a fair and reliable broker is essential for successful Forex trading on live accounts. A broker is a financial mediator helping you to reach the interbank liquidity.
Apparently, the more reliable and beneficial your broker is, the more chances you have to succeed in Forex trading in the long run.
Still, the contemporary Forex industry has become extremely competitive. At this point, there are hundreds of broking companies and still counting. That is why most beginning traders have difficulty choosing a reliable broking company most of the time. They don’t know where to look and what criteria to consider. Luckily, there is a simple and efficient solution for all of them! It is called Masterforex-V Expo…
A Matter Of Choice. Choosing A Broker…
According to Eugene Olkhovsky, Masterforex-V Academy’s leading expert in financial markets from Canada, when choosing a broking company, it is necessary to pay attention mainly on 2 criteria – trading conditions and reliability level.
Trading conditions include a number of factors, including the minimal deposit required, spreads, some extra commissions, some extra restrictions and conditions, trading platforms available, deposit/withdrawal options, the company’s jurisdiction and legal base, the conditions of the agreement, licenses, operational history, insurance etc.
Best Forex Brokers. November 2013
As we previously mentioned, there is a perfect solution allowing you to choose a broking company without having to browse through tons of information. The project is called Masterforex-V Expo. It is hosted and owned by Masterforex-V Academy, which has been Europe’s Best Online Forex Training Project since 2009.
Basically, Masterforex-V Expo is a set of unbiased ratings that reveal various aspects of brokers’ activities. All of those ratings are based on multiple (sometimes even over 20) quantitative criteria that cannot be manipulated. Therefore, the ratings are really unbiased, which makes them really valuable when it comes to choosing a fair and reliable Forex broking company.
One of the major ratings reflects the situation in the Forex broking industry on a monthly basis. This rating is a fusion of the views expressed by thousands of retail traders and investors (through open voting) and a set of objective criteria (mentioned before). Therefore, the ratings allow us to make an optimal choice based on your preferences and financial capacity.
Ok, now let’s have closer look at November’s rating:
Forex Trend has been the rightful leader since last month. The company from Easter Europe offers everyone unprecedented moneymaking opportunities through investing in the company’s PAMM indices (a set of winning PAMM accounts run by true professionals). The benefits are huge while the risk is low. Yet, you don’t need to be a trading or investing expert to succeed.
MIG Bank, a major Swiss bank rendering Forex broking services, is the runner up (it used to be number one). This broker can really be distinguished for its optimal and constantly improving trading conditions along with Swiss reliability, innovative products and services and bonuses.
Nord FX is number 3 this time. This company also offers its clients beneficial trading conditions and a lot of other benefits.
The TOP3 looks as follows:
The TOP10 also includes:
FIBO Group,
DukascopyBank SA,
RoboForex,
HY CapitalMarkets,
Saxo Bank etc.
What contributed to the success of the Ukrainian broker?
The following factors (along with dozens of others) contributed to the success of Forex Trend:
The company is licensed and regulated by CySEC (Cyprus ), Ukraine’s state regulator and the Financial Dispute Resolution (New Zealand).
It is frequently mentioned in mass media (the PR campaign is strong).
It is one of the most popular broking companies in social networks. It has over 35 000 followers in social networks!
