As you probably know, the contemporary foreign exchange market (Forex or FX for short) has turned into a major source of consistent income for hundreds and even thousands of professional FX traders all around the globe. Undoubtedly, this would be impossible but for reliable FX companies giving their clients a decent opportunity to succeed financially. Such FX brokers have always been client-oriented companies viewing their clients’ needs and ambitious as core values lying at the heart of the success reached by their businesses. Some of them do their best and really strive hard to improve their trading conditions as much as possible for even more profitable and comfortable FX trading.
Meanwhile, more international banks start offering brokerage services to FX traders all around the globe while more experienced and demanding FX traders start going with the so-called FX banks or banks acting as FX brokers. Why? The thing is that those smart guys are perfectly ware of the fact that banks can provide more guarantees and security when it comes to any kind of financial transactions and activities, including FX trading.
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 – Swissquote Bank SA - 2 220 rating points
2 – Saxo Bank – 2065 rating points
3 – Alfa Bank – 2013 points
These are followed by:
-Nefteprombank
- Dukascopy Bank SA
- HY Capital Markets
- Republican Investment Bank
- UFXBank
- MOSOBLBANK
- Rietumu Banka
- Integral Bank
- Varengold Bank FX
- vPE Bank
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!
