At this point, more and more banks start offering broking services to Forex traders. At the same time, more and more experienced traders turn to banks acting as brokers since they are aware that banks can provide more guarantees and security.
Despite the fact, that most ads in the trading niche are given by simple retail broking companies and dealing centers, broking banks still have a lot more to offer sophisticated traders and investors.
Peculiarities of Bank Brokers
A bank broker is a financial institution offering both banking and broking services. If a big-scale trader or investor thinks about allocating a lot of money for trading or investing activities in financial markets (including Forex) and wants security of funds, a bank is obviously the best choice!
Still, bank broking services are now available even to small-scale retail traders and investors since the minimal deposit requirement is now around $500-$1000. As for the leverage, it is usually lower than the one offered by conventional brokers but it still exists and can be used if necessary. At the same time, bank brokers offer their clients several trading platforms, including MetaTrader 4 or 5, which is the most popular software among retail Forex traders.
Now, let's have closer look at the rating of best bank brokers in November 2013. The rating is offered by Masterforex-V Academy within the scope of its project called Masterforex-V Expo.
Best Bank Brokers. November 2013
The latest rating looks as follows:
The first two places are occupied by MigBank and HY Markets respectively. MigBank is a Swiss bank offering broking services to retail traders worldwide. HY Markets is its counterpart from Asia with over 3 decades of operational history. They happen to offer the industry’s best trading solutions and optimal trading conditions.
TusarForex is number 3 in the rating This is another bank offering broking services to retail traders and investors worldwide.
Indeed, the TOP3 looks as follows:
The rest of the rating looks like this:
- Dukascopy Bank SA,
- Alfa Bank,
- CitiFX Pro,
- CIM Bank,
- Nefteprombank,
- ACM (Swissquote Bank),
- Brokercreditservice.
The outsiders of the rating are:
- vPE Bank,
- ВТБ 24,
- MDM Bank,
- Integral Bank,
- Rietumu FX,
- Saxo Bank.
