At a certain point in his /her trading career, any successful or promising Forex trader eventually faces the challenge of choosing a reputable broker. Indeed this is a vital aspect of success in trading Forex or pretty much any other financial market. Only a reputable broker can actually help the trader to succeed in Forex trading in the long run. When it comes to withdrawing funds, only reliable licensed Forex brokers are capable of withdrawing money without delays( no questions asked and lame excuses made), which is definitely not the case with minor brokers and scam brokers.
We do not want to say that all junior brokers are scams or disreputable. Some of them may well be on their way to becoming solid and reliable partners for traders. With that said, it is important to monitor the dynamics for such a broker once you have decided to join it.
On top of that, most rookies and even intermediate traders are more focused on tight spreads, perfect timing, instant execution, absence of re-quotes and slippage and other beneficial trading conditions. Without any doubt, these are definitely worth focusing on at some point. However, it is the reputation and status of your Forex broker that should be taken into account first of all as this factor further translates into reliability and security, which make 90% of success in terms of cooperating with any Forex broker. It is way more important than all those beneficial trading conditions. Apparently, without reliability, everything else doesn’t matter. Just think about it: Who cares how much money is earned if there is no actual possibility to withdraw the profits and enjoy the benefits that the money can buy you?
With that said, there are multiple ways of picking a reputable broker. First of all, you can do it on your won, but this may require a lot of time, effort and financial risk since nobody can insure you against running across another scam broker over and over again. This is the reason why Masterforex-V Academy, Europe’s Best Online Forex Coaching Site since 2009, is happy to assist you in everything related to choosing a reputable Forex broker for convenient and profitable trading on beneficial terms and conditions. With that in mind, couple of years ago, Masterforex-V Academy started an unprecedented project called Masterforex-V Expo. This is the project embracing dozens of unbiased and comprehensive ratings of Forex brokers in multiple aspects and based on 20+ transparent and objective criteria, which cannot be subject to any abuse or manipulation. By the way, that is why these are the most unbiased ratings of Forex brokers on the web and in the entire Forex industry.
The major series of such ratings of Forex brokers includes several leagues like those we can see in sports like football national championships. The premier league or the ultimate league embraces the industry’s top-ranking and most reputable and regulated Forex brokers offering you maximum security, flexibility, comfort coupled with beneficial trading conditions and fund insurance. Every broking company strives to get to the top of the industry, which is represented by the premier league or the ultimate league of Masterforex-V Expo.
Still, there are secondary and other minor leagues, which include most of the contemporary Forex brokers out there. The thing is that such brokers either young and are on their way to the top or they are old but dirty and tricky.
In this case, the secondary or B league of Masterforex-V Expo is represented by those Forex brokers that have some negative client feedback or/and ignore their reputation and status. The list also includes those that used to be among top-ranking brokers in the ultimate league but were downsized for playing dirty tricks on their clients and/or refusing to withdraw profits on demand.
At this point, the B (secondary) league is represented by the following brokers:
FINAM is number 1. The Forex company is one of the biggest brokers in Russia. At this point, the broker has negative clint feedback relating excessive re-quotes and slippage.
Admiral Markets is the runner-up. Despite the fact that this is a broker regulated by European financial authorities, it currently has problems with the speed of order execution, which is too slow more often than not.
RoboForex is number 3. The company used to belong to the A league or the premier league. Still, now it find itself keen deep in cases of major slippage and some issues with deposit/withdrawal options. That is why t is temporary downsized.
These 3 brokers still have decent chances to enter the ultimate league once they eliminate the drawbacks. At the same time, the remaining brokers will have to strive hard for several months in order to get an opportunity to enter the premier league. These are:
- UFXMarkets;
- FreshForex;
- GFT;
- Брокеркредитсервис (БКС);
- Interactive Brokers;
- FxPro;
- CitiFX Pro;
- Global Futures Exchange & Trading Company, Inc.;
- FXOpen;
- Arsenal-FX;
- Markets.com;
- MAYZUS;
- ATC BROKERS;
- Hantec Markets;
- CIM Bank;
- Forex4you;
- ЗАО Банк "Советский";
- IG Markets (IG Group Holdings);
- Deltastock;
- FXCC;
- TadawulFX;
- XM;
- ECMarkets;
- Dif Broker;
- LiteForex;
- IronFX;
- Альфа Форекс (Альфа банк);
- Fine XO;
- ICM Capital;
- MaxiMarkets;
- Grand Capital;
- Инвестиционный Республиканский Банк;
- Windsor Brokers;
- UWC (United World Capital);
- Bulbrokers EAD;
- Renesource Capital;
- Тraders Trust;
- eToro;
- ACFX;
- FXDD;
- HotForex;
- X-Trade Brokers;
- EXNESS;
- FxPulp;
- Kalita Finance;
- Hotspot FX;
- AFX Capital;
- MB Trading;
- FOREXYARD;
- GCI Financial Ltd;
- IFX Markets;
- МОСОБЛБАНК;
- FXFlat;
- BMFN;
- ACM (Swissquote Bank);
- Real Trade;
- Concord Bay;
- City Credit Capital.
With that said, all the reputable broking companies should work on their status and reputation continuously to enjoy a decent client bases consisting mostly of big-scale active traders and investors…
If you need more assistance in everything that concerns choosing a reputable broker in general and learning how to trade Forex successfully in particular, you can address Masterforex-V Academy’s support team for further instruction…
