Nowadays, Forex has become a major source of income for thousands of professional FX traders worldwide. Without any doubt, this couldn’t be possible but for reliable FX companies giving their clients a chance to make money on a regular basis. Such FX brokers have always been oriented towards their clients’ needs and ambitious. They do really strive to improve their trading conditions for even more convenient and efficient FX trading.
At the same time, more and more banks start offering brokerage services to FX traders all around the globe while more and more experienced and sophisticated traders turn to the so called FX banks or banks acting as FX brokers since these smart guys are aware of the fact that banks can provide more guarantees and security.
Despite the fact that most of those ads in the FX trading niche are given by simple retail FX companies and dealing centers, FX banks still have a lot more to offer when it comes to sophisticated traders and investors.
FX Bank: Benefits and Advantages
An FX bank is a bank acting as an FX broker. This is a financial institution offering both banking and FX brokerage services. If a big-scale trader or investor thinks about allocating a lot of money for trading or investing activities in financial markets (including Forex) and wants security of funds, a bank is obviously the best choice! More often than not, FX banks rendering broking services to retail traders are licensed and regulated by major financial authorities like the FCA, for instance. This means a lot!
On top of that, the services offered by FX banks are now available even to small-scale retail traders and investors since the minimal deposit requirement have been lowered down to $500-$1000. At the same time, FX banks offer their clients several trading platforms, including MetaTrader 4 or 5, which is the most popular software among retail FX traders.
At the same time, most traders have difficulty choosing a reputable FX broker even among the industry's best. Obviously, there are dozens of excellent options to choose from. That is why Masterforex-V Academy decided to introduce Masterforex-V Expo, a project dedicated to unbiased and decent ratings of FX brokers in various nominations. As you might have guessed, it also includes the rating of the best FX banks out there. This is don in order to let you choose from the best FX banks offering FX brokerage services to retail traders. As usual, the rating is unbiased since it is based on multiple independent, objective and transparent criteria, which excludes any chance of manipulating the rating.
OK, let's have closer look at the new rating of best bank brokers in July 2015. Once again, the rating is brought to you by Masterforex-V Academy within the scope of its project called Masterforex-V Expo.
Best FX Banks. July 2015
The rating looks as follows:
As we can see, the following brokers occupy the first 3 places (TOP3) with a huge lead:
1 – HY Capital Markets - 2 050 rating points
2 – Saxo Bank – 1 782 rating points
3 – Dukascopy Bank SA – 1 664 points
These are followed by:
-Nefteprombank
- Alpha Forex
- Republican Investment Bank
- Rietumu Banka
- UFXBank
- MOSOBLBANK
- Integral Bank
- vPE Bank
- Varengold Bank FX
- Swissquote Bank SA
According to Eugene Olkhovsky, Masterforex-V Academy’s leading expert in financial markets from Canada, all of these broking companies are well-known banks and financial institutions with decades of operational history and excellent image and status in the industry.
Still, the year-long voting is still underway. The voting results may change the entire picture in the end of 2015, when it is time to make conclusions and award the winners. All of the broking companies in the rating have decent chances to win. Anyway, all of them deserve respect and trust when it comes to serious Forex trading!
