Sooner or later, any Forex trader has to face the challenge of choosing a reliable broker, which will help him/her to succeed in Forex trading in the long run. The thing is that depositing is easy with any broker, both a scam and a truly reputable one. However, when it comes to withdrawing funds, only reputable brokers can withdraw money without delays and questions and lame excuses, which is certainly not the case with minor brokers and scam brokers.
Meanwhile, most beginning and even intermediate traders are focused on tight spreads, perfect timing, instant execution, absence of re-quotes and slippage and other beneficial trading conditions, which are definitely worth taking into account and paying attention to. However, the reputation and status of your Forex broker, which further translates into reliability and security, is way more important than all those beneficial trading conditions. Without reliability, everything else doesn’t matter. Who cares how much money he or she earns if there is no actual possibility to withdraw the profits and enjoy the benefits you can buy for the money?
With that said, there are several ways of choosing a reliable 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. That is why Masterforex-V Academy, Europe’s Best Online Forex Coaching Site since 2009, is glad to give you a hand with everything that concerns choosing a reputable Forex broker for convenient and profitable trading on beneficial terms and conditions. With that in mind, Masterforex-V Academy launched an unprecedented project called Masterforex-V Expo. This one embraces 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 rating of Forex brokers by Masterforex-V Expo is conventionally divided into 3 leagues:
- the Major / Ultimate / Premier League - only the best and most reputable Forex brokers
- the Secondary League - major brokers with some minor issues as well as some promising brokers who still lack reputation.
- the Minor / 3rd League - young companies with little experience (even though they may be promising) as well as some old but dirty players (they have a lot of dislikes and negative client feedback). The list also include those companies that are declining and do not bother making themselves popular and reputable.
The top 10 still has decent chances to go to the next level by entering the Secondary League provided that they work hard to improve heir image as the gain more experience in terms of providing services and products of decent quality and veg honest and trasparent.
The list looks as follows:
