If you have been around for a couple of years, you probably know that Forex has become a major online source of income for thousands of advanced and professional traders worldwide. Without any doubt, this couldn’t be manifested but for reliable broking companies out there. Such broking brokers have always been oriented towards client needs and desires and letting them generate stellar profits day by day. Such companies do their best to improve their trading conditions to make it even more convenient and efficient for retail and institutional clients.
With that said, it is logical that more banks start entering the industry in order to offer their own premium-quality broking services to retail and institutional Forex traders. In return, more of those experienced traders start turning to banks acting as brokers since they are perfectly aware of the fact that banks are more reputable and therefore are capable of providing more transparency, security and quality to all of its clients regardless of the scale…
Despite the fact, that most ads in the trading niche are given by simple retail broking companies and dealing centers, broking banks do not need to be introduced at every internet corner while they still have some competitive products and services to offer even when it comes to pretty demanding clients.
Strengths of Banks Acting as Forex Brokers
A bank rendering brokerage services in the Forex industry is a good company to work with, there is no doubt. 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, such banks rendering brokerage services to retail and institutional traders and investors are fully licensed and regulated by major financial authorities like the FCA, for instance. This is a big benefit!
Moreover, the services rendered by such banks has now become available even to small-scale retail traders and investors since the minimal deposit requirement is now reduced to around $500-$1000. As for the leverage used in margin trading, it is usually lower than the one offered by conventional brokers, which is not a drawback since extremely leveraged trading is often subject to excessive risks leading to major losses. 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.
Despite the seemingly easy choice in the niche, most traders still have difficulty choosing a reputable broker even among the industry's best. The truth is that there are dozens of top-ranking brokers acting as good options for any Forex traders out there. To make things easier and clearer, Masterforex-V Academy launched Masterforex-V Expo, a new project dedicated to Forex ratings, including the rating of best banks acting as Forex brokers to let you choose from the industry’s best offers for retail Forex traders. Any rating there is subject to an unbiased approach since it is based on several objective and transparent criteria, independent from one another and excluding any chance of manipulating the rating.
OK, now let's have closer look at the new rating of best banking brokers in 2014, courtesy of Masterforex-V Academy and Masterforex-V Expo.
Best Banking Brokers 2014
The current rating looks as follows:
