Apparently, we have more chances to succeed when planning to become successful traders if we work hard in order to implement our goals. If you have come to the Forex market just to gamble and have fun, it will eventually punish you for this.
At the same time, your valuable knowledge and skills are not the only crucial factors that determine success in trading financial markets. It is also very significant to find work with a reliable broker offering competitive trading conditions. When drawn together, these factors will put the odds of winning in your favor, thereby leading you to the ultimate success in the long run.
Without any doubt, it is important to work with a reliable broker because if trade via a cheating broker or a scam broker you won’t be able to make any money at all even if you are the best trader in the world. A reliable partner is one of the keys to success in any business, including Forex trading.
It is also very significant to find out what technology you will use to trade Forex. There are several technologies. ECN is one of them. ECN is considered to be the best technology for professional traders out there since it provides a certain number of benefits, including the full access to the genuine interbank liquidity along with fast execution of client orders etc.
Nowadays, there are dozens of Forex brokers offering ECN accounts. Still, there are few companies that can actually offer the best trading conditions for ECN traders. All in all, there are hundreds of broking companies in today’s highly-competitive Forex industry. Therefore, it is rather difficult to tell good and reliable companies from scams and dirty brokers. Is it possible to choose a truly reliable broker while being guided by objective criteria?
Unbiased Rating As the Best Way to Choose a Reputable Forex Broker
According to Eugene Olkhovsky, Masterforex-V Academy’s leading expert in financial markets from Canada, it is necessary to consider various factors in order to choose a reputable Forex broker, from licenses given by major financial authorities to spreads and commissions.
However, it is very difficult for you to find and analyze such big arrays of information on your own. It requires a lot of time and effort. Luckily, there is a way out!
A couple of years ago, Masterforex-V Academy started its own unbiased rating of Forex brokers (now it is called MasterForex-V Expo) in order to help beginning and advanced traders to find those broking companies that meet their requirements.
MasterForex-V Expo includes several nominations. One of them is the “Best ECN Broker of the Month”. The rating is based on 23 independent criteria.
Let’s have a look at the current rating of ECN brokers…
Best ECN Brokers. September 2014
So, the current rating, courtesy of Masterforex-V Academy, looks as follows:
As of September 2014, the rating was presided by RVD Markets. The company managed to outpace even the runner-up by a whole lot of points, thereby earning 3947 rating points during the reporting period. The company has been around since 2010. It is registered in the British Virgin Islands and is regulated by local financial authorities. At this point, it can offer all of its clients beneficial trading conditions coupled with the technology known as Straight Through Processing (STP for short). This technology allows the broker to let traders deliver their orders directly to major liquidity providers.
The runner-up is FIBO Group (Financial Intermarket Brokerage Online Group). This is an international financial holding founded in 1998. Since then, this has been a major international player in the Forex industry. It is not accidental, that FIBO Group is one of the leading ECN brokers out there.
The 3rd most respected ECN broker in September is MillTrade. Despite the fact that this is a relatively young company, it keeps on gaining confidence and popularity in the international trading community at a pretty fast pace. The current standing in the rating confirms that.
Masterforex-V Academy reminds you that your vote can decide what the ultimate rating of 2014 will look like. So you are welcome to participate in the open voting to add value to your favorite ECN broker.
