Obviously, when traders make up their mind regarding which Forex broker to go with, they seek reliability along with competitive trading conditions. While the quotes offered by Forex brokers nearly match, and 9/10 brokers out there are capable of providing you with truly excellent trading conditions (including tight spreads, instant execution of orders, flexibility, a long list of currency pair to choose from etc.), it is reliability that becomes the deciding factor (at least, it should be from most rookies out there).
Indeed, there are virtually hundreds of Forex brokers offering retail and institutional clients heir products and services& However, few of them can actually boast transparency, reputation and reliability. I hope you understand how important it is to go with a reputable broker. No matter how hard you try and how good you are at trading currencies or pretty much any other financial market if your broking company keeps on playing dirty tricks on you…
In order to help traders and investors make the right choice, Masterforex-V Academy introduced an unprecedented project called Masterforex-V Expo. This is the very project embracing a number of unbiased ratings of Forex brokers (as well as some other brokers line binary options brokers). Those ratings enjoy high transparency and are based on quantitative criteria. So that cannot be faked. One of the criteria is year-long independent voting allowing the folks form the international trading community to cast a vote for the broker they value most of all. The results of the voting are taken into account when making the ultimate rating of the year in various nominations.
It is not accidental that TurboForex became the winner of the «Most Reliable Forex Broker 2014» title.
According to Eugene Olkhovsky, President of EUTA Capital Corp. (Canada) and Chairman of the Jury of Masterforex-V Academy’s rating of Forex brokers , there are some criteria that all the winner in various nominations have in common. This holds especially true for those companies competing for the title of the best and most reputable company in the industry.
Obviously, the company’s trend must be a strong bull trend (if to use the trading vocabulary).
On top of that, such a company cannot do without innovative solutions and revolutionary ideas changing the industry and taking trader’s performance to the next level, thereby giving them a certain competitive edge of the rest of the market.
At the same time, this is clearly a reputable broker with spotless reputation and client-oriented approach.
TurboForex won this title as the result of a tough battle with such heavyweights as Alpari, FCXM, HY Markets etc.
Clearly, winning in a year-long race cannot be called an instance of luck. Such things do not happen by chance. They are a natural outcome of the long-term effort made by the winner. In this very case, the victory resulted from the following criteria:
- excellent trading conditions (one of the highest spreads, both floating and fixed ones)
- unlimited trading (hedging, any strategies including scalping, manual or automated trading, no stop-out increase before the weekend, no minimal open / close price requirements etc)
- a bunch of live accounts designed for both rookies and professionals
- instant delivery of client orders to the leading liquidity providers, which backs the best prices and the fastest execution coupled with almost unlimited liquidity
- cutting-edge trading software for PC and mobile devices
- 24/7 responsive support
- licenses from reputable financial watchdogs like the Financial Service Provider Register (FSPR, New Zealand)
Mr. Olkhovsky assumes that under today’s circumstances, the NZ regulator can be compared to the Swiss and U.K. financial regulators. By the way, TurbоForex participates шn the Financial Dispute Resolution Service (New Zealand), which guarantees extra security and safety of funds, simultaneously insuring the client against abuse and other risks.
On top of that, Masterforex-V Academy gave TurboForex a test drive. In other words, the experts tested almost every single feature of the Forex broker to see whether the company’s website contains truthful information. TurboForex passed the test with flying colors. By the way, Market Leader perviously wrote about the results of this test drives.
TurboForex also launched an unprecedented service called SMS Recommendations. thanks to this services, thousands of retail traders managed to take their trading to a whole new level with higher chances of making profits when trading virtually any asset, from currencies and precious metals to other commodities like crude oil and natural gas as well as futures and CFDs on stocks and stock indexes.
This wasn’t the only innovative solution launched by TurboForex in 2014. The company introduced the notional of social trading and let any TurboForex client become an investor by copying traders generated by successful traders.
There were some other major and minor steps contributing to the overall idea of making Forex a better place and a major source of income for thousands of retail traders and investors. We must admit that these steps have been successful so far.
This is what lets TurboForex to remain the frontrunner in the current rating (2015):
The company is definitely going to consolidate its position in the international Forex industry by further improving the quality of their products and services, coming up with new innovative solutions and expanding the list of licenses. The company is planning to obtain licenses from the FCA (UK) and the ASIC (Australia).
