Statistically, only 10% of forex traders get stable get large profit, whereas the bulk of participants of international currency market make not as much and not as regularly, as they would like to. And there is the third category of traders – those, who rarely get income, which is hardly enough to cover the former losses.
How to Find Most Reliable Broker at Forex
What is the reason of great success of first, moderate trade of second, and losses of third? First of all, in the skill of professional work at the market. However, not less important, or sometimes even more significant factor, is correct choice of a provider to financial markets.
Successful traders explain their success at Forex by harmonious combination of their professionalism and professional service of a broker. Having their own flexible and effective trading strategies, accurate systems of risk and money management, orienting points on timely opening or closing of positions and their necessary duration, they gain stable and large profits due to services of those brokers, who are interested in making the entire abovementioned arsenal of a trader always work.
"Why do brokers need this, when in conditions of unregulated Forex market in some countries 'kitchens', for example, clearly pour their clients’ deposits? Everything is rather simple," supposes the leading financial expert of Masterforex-V Academy Evgeny Olkhovski, "for the higher is a trader’s profit, and the more often he gets it, the higher is the profit of his broker."
"But how to choose a reliable, truly high-quality forex broker, who will act in your interests, but not against them? First of all," highlights the expert, "it is necessary to study the company, its history, get acquainted with feedbacks of people who have already used its services. It is worth paying attention to the following factors:
– period of work: the more time the company has been present at the market, the bigger its work experience in this sphere is and the higher the likelihood is of its development with a wish to be a leader. For this purpose it offers its clients innovative technologies, new services, best trading terms, which allows the latter to achieve the desired results;
– presence of licenses from serious world's regulators: a licensed broker is a guarantee of safeguard of clients' means and high level of safety of every financial or balance transaction. At the same time, regulators that control clarity and fairness of the broker’s work act in the interests of traders;
– feedbacks about the broker, made by traders who worked with it;
– quality of services and products, including timely quotations and their correlation to market realia, high speed of handling orders, type of their processing, possibility of output to interbank market, etc.;
– trading terms: level of spreads and commission fees, size of credit leverage, whether use of advisors, robots, scalping, and hedging is allowed;
– requirements on minimal deposit;
– what trading accounts are offered to clients, do they include mini and micro accounts, demo accounts, etc.;
– number of trading instruments;
– does the broker concede requotes, drawdowns, delays in fulfillment, etc.;
– quality of support service: how quick and exhaustive answers (consultations) are to any question about work at Forex; starting with peculiarities of company’s services and ending with help in choice of an asset for profitable trade in short-term or long-term perspective;
– presence of studying programs, as well as contests, bonuses, offers, etc., which stimulate effective trade."
Best Forex Brokers in August in MasterForex Expo Rating
"I understand," says Evgeny Olkhovski, "that many traders, especially beginners, find it rather difficult to quickly analyze the whole number of criteria and parameters on their own when choosing a reliable broker. Moreover, in conditions o yet unregulated Forex market in some countries dishonest DCs advertize what does not correspond to reality; and in many cases what they simply do not have. But a beginner does not know this and falls for ‘dirty’ PR, with made up rewards and licenses, nonexistent technologies of earning millions with several mouse clicks, winning great sums of money in contests, etc.
Therefore, for those who want to work at Forex with having a guarantee of safety and high likelihood of making successful deals, MasterForex-V Academy has gathered all necessary objective information about the world’s truly best Forex brokers in one place. This refers to a unique project-presentation – MasterForex Expo.
Its characteristic feature lies in the fact that every month on the basis of 23 independent from one another criteria, including the abovementioned, independent financial market experts jointly with Academy’s rectorate and professional community of traders choose best brokers by voting. One of key parameters are innovations and quality of PR of a forex broker, for the entire work of the company and success or losses of its clients to a great extent depend on them."
"Consequently," comments Evgeny Olkhovski, "every month the virtual exhibition MasterForex Expo presents objectively best forex brokers of the planet. This allows any trader to quickly choose a company, sign an agreement on cooperation, and start making money with it. The information provided by brokers for this rating is thoroughly checked, so their PR can be claimed to be high-quality, and the advertized services such that correspond to reality, including the ones about innovative technologies of trade."
By August results best Forex brokers according to quality of offered innovative technologies have become:
1st place – Fort Financial Services company, which has offered its clients best technological and trading terms with 100% guarantee of safeguard of invested means and highest protection of every trading or balance transaction, including the unprecedented opportunity of effective futures trade by means of innovative terminal CQG, which provides direct market access to over 40 world stock exchanges. Besides high speed of processing orders and their output to largest providers of liquidity on the basis of small spreads, the platform has unique automated algorithms of correcting market data, innovative technologies of quotations advance analysis, and a number of other benefits.
What is more, Fort Financial Services jointly with its stock exchange partners has developed a unique algorithm, which provides fulfillment by indicated or better prices and minimizes slipping when sending orders for big volumes. The company has also suggested a unique service of automated notice when approaching Margin Call, as well as implemented a number of other, not less attractive services and technologies, more details about which you can find in the article "Fort Financial Services: How to Choose a Reliable Forex Broker?".
2nd place – Panteon-Finance company, which has started innovative for Forex market service of investment in objects of modern art ("Investment in Art with Panteon-Finance: Aesthetics and High Profit"). The company’s clients can not only quickly purchase best paintings of masters, profitability of which in mid-term and long-term perspective has no limits, but also earn from difference in prices, thus getting profit in short-term perspective. At the same time, the broker’s PAMM accounts and PAMM funds still remain one of most profitable at financial markets. And its unique projects "School of Investors", "School of Managers", and "Arena of Investors" help thousands of beginning traders and investors to go up the career ladder of forex professionals quickly and surely.
3rd place – FBS company, which has provided new trading accounts at Forex ("FBS Presents Fundamentally New Trading Accounts at Forex"). Innovative cent accounts and accounts with fixed spread of Asian Best Forex Broker of 2013 allow making unlimited profit with 1-dollar deposit owing to high credit leverage of 1:1 000. At the same time, they allow use of any trading strategies, including robots and advisors. Besides the abovementioned benefits, fixed accounts reduce traders’ expenses in times; compensation for expenditures on replenishing an account, insurance against loss, work on segregated accounts, and much more is also available.
August leaders by quality of PR have become:
1st place – PROFIT Group company, which was the first in Forex industry to start using social networks "VKontakte", "LiveJournal", Twitter, Facebook, Instagram, and Youtube for teaching effective trade at financial markets ("PROFIT Group: How Useful Social Networks are for Forex Traders?"). Educational materials are presented in text format, as well as in the form of interactive video lessons. This also includes clear even for an unaware of the world of finances person analytical reviews, "arranging in order" features of market trade today and yesterday, predictions, what can be expected from markets tomorrow, as well as stories of successful traders telling histories of their success and secrets of own trading strategies. At the same time, the program of teaching via social networks is held in friendly atmosphere, without any officialism, which attracts many beginning traders.
2nd place – ForexTrend company, which jointly with Forbes magazine has started the first planetary contest of PAMM managers ("ForexTrend and Forbes Start First World Contest of Forex PAMM Managers"). As some kind of a continuation of most successful contest project of The World’ Best Forex Broker of 2013 "Million into Skillful Hands”, the new tournament covers not only CIS, but also the countries from around the globe. Best participants of the competition will get not only money prizes, but also opportunities to sign agreements on cooperation with investors from various countries worldwide, who are watching the contest while working on their PAMM accounts with big money sums. Such was the way to success of winners of first two seasons of "Million into Skillful Hands", who currently manage over PAMM accounts with millions of investors’ means. At the same time, their accounts are included in one of most profitable PAMM indexes – "Prize" and "Prize 2". There has recently started one more unique contest of ForexTrend – "Successful Start", which will allow its participants not only to become successful in independent forex trade, but also to take part in "Million into Skillful Hands" season 3 at the expense of the company.
3rd place – GKFX company, which has made public the information about monthly profitability of its PAMM accounts ("PAMM Accounts of GKFX Company Bring Forex Investors Over 12% Monthly Profit"). Such attractive figures are explained by the fact that PAMM accounts are realized on the basis of the broker’s exclusive technologies, enabling investors to work in maximally convenient and safe conditions, having an opportunity to control a manager’s activity, which as a whole leads to constantly rising level of profitability. The company’s PAMM service allows managers to import their trading history, use automated correction of positions, etc. The company says that well-run and mutually beneficial cooperation of traders and investors in the framework of regularly improving PAMM service of GKFX brings both parties considerable results: stable and high profits.
Consequently, according to the results of August 2014 Fort Financial Services has become the best Forex broker in the sphere of innovations, and PROFIT Group – by the quality of PR. Both broker are well-known among traders, have good reputation, and their technologies, products, and services are in high and regular demand at the market. "Therefore, no wonder that the companies often become winners in various nominations of MasterForex Expo, which signals about their objective popularity among existing and potential clients," concluded Evgeny Olkhovski.
"Nothing can bring you success, besides yourself," the expert cited the words of Napoleon Hill.
