Thanks to Masterforex-V Expo’s rating of Forex brokers , any trader can personally decide on which Forex broker to go with in order to trade currencies on a regular basis. The biggest benefit of this rating is that it is based on independent quantitative criteria and therefore is unbiased.
We should keep in mind that choosing a reputable Forex broker is the prerogative of all Forex brokers, both rookies, intermediate traders and true experts with many years of expertise. There is nothing to be ashamed in switching from one broker to another even if you are an advanced trader since the contemporary Forex industry is pretty dynamic, with dozens of brokers competing for the top places in the rating and improving their products and services while coming up with innovative solutions.
By the way, choosing a suitable Forex broker has a lot to do with the trader as an individual since all of us have various skills, goals, strategies, expertise, mid-set and abilities. Still, there are some cornerstones vital for all traders irrespective of their expertise, skills or anything else. They are highly recommended to be taken into account while considering a certain Forex company.
This has been a major issue for thousands of newbies and advanced traders all around the world, including the students of Masterforex-V Academy. That is why Masterforex-V Academy decided to launch its own unbiased project embracing objective ratings of Forex brokers. It is named Masterforex-V Expo. It includes the ultimate rating of forex brokers updated on a monthly basis. The rating is based on more than 20 independent quantitative criteria, which cannot be faked or manipulated and therefore serve as a reliable basis for the most unbiased rating in the Forex industry.
The list of the criteria includes the year the broker was founded, major licenses, advertising, search requests, spreads and leverage, client feedback etc. The rating points can be credited and removed depending on the broker’s behavior.
Those brokers that get 350 rating points or more eventually move up to the ultimate rating of Forex brokers .
As for the latest rating (April 2015), it looks as follows:
The TOP 3 includes:
1 - Nord FX\NordFX with 825,10 rating points
2 - FIBO Group with 825.00 rating points
3 - FBS with 820,70 rating points
These are followed by:
- ForexTrend
- TurboForex
- TeleTrade
- HY Capital Markets
- RVD Markets
- FXCM
- Alpari
- FOREX.com
- Saxo Bank
- Dukascopy Bank SA
The downside of the rating includes:
- Forex club
- ActivTrades
- Larson&Holz
- Fort Financial Services
- Arsenal-FX
They are also reputable Forex brokers and can be trusted at all times.
The following companies are close enough to getting to the ultimate rating as well:
- Finam
- GKFX
- OANDA
- Admiral Markets
- FreshForex
It should be noted that the rating is rather dynamic and can change from time to time. Therefore, all of those Forex broker have all chances to join the top of the ultimate rating provided that they do their best to improve their product and services as well as other aspects relevant to moving higher in the rating. Stay tuned for further updates and always think twice before going with a certain Forex broker!
