These days, Forex has become a major source of income for thousands of professional traders around the globe. Apparently, this couldn’t be possible but for reliable broking companies, which let their clients make money on a regular basis. Such broking brokers have always been oriented towards client needs and desires. They strive to improve their trading conditions for even more convenient and efficient trading.
Meanwhile, 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.
Strong Sides 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! More often than not, banks rendering broking services to retail traders are licensed and regulated by major financial authorities like the FCA for example. This means a lot!
On top of that, 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.
Still, most traders have difficulty choosing a suitable broker even among the industry's best. Obviously, there are dozens of excellent options for any Forex traders out there. That is why, Masterforex-V Academy decided to introduce Masterforex-V Expo, a project dedicated to ratings of broking companies in various nominations. It also includes the rating of bank brokers to let you choose from the best banks offering broking services to retail Forex traders. As usual, the rating is unbiased since it is based on multiple independent, objective and transparent criteria, which excludes any chance of manipulating the rating.
OK, let's have closer look at the new rating of best bank brokers for the year of 2014. Once again, the rating is brought to you by Masterforex-V Academy within the scope of its project called Masterforex-V Expo.
Best Bank Brokers 2014
The current rating looks as follows:
As we can see, the following brokers occupy the first 4 places (TOP4) with a huge lead:
1 − MigBank (Switzerland, 681 points);
2 – Dukascopy (Switzerland, 605 points);
3 – HY Markets (Singapore, 584 points);
4 − Saxo Bank (Denmark , 573 points).
According to Eugene Olkhovsky, Masterforex-V Academy’s leading expert in financial markets from Canada, all of these broking companies are well-known banks nd financial institutions with decades of operational history and excellent image and status in the industry.
Still, the year-long voting has just begun. The voting results may change the entire picture in the end of 2014, when it is time to make conclusions and award the winners. All of the broking companies in the rating have decent chances to win. Anyway, all of them deserve respect and trust when it comes to serious Forex trading!
