Institutional FX brokers are FX companies that can be viewed as some of the industry’s leaders. These companies can boast licenses and regulated by major financial watchdogs. At the same time, it should be taken into account that such big-scale guys make up for the lion’s share of all the FX trading volume.
Institutional FX brokers are the elite of the contemporary FX market. That is why Masterforex-V Academy experts decided to resolve a very difficult task – to define the best brokers in the institutional FX niche. That is why it created a standalone rating of institutional FX brokers within the scope of Masterforex-V Expo.
In order to make it more unbiased, they decided to conduct open voting to get objective client feedback and use it (along with other criteria) to determine the best institutional FX broker in 2015.
As for July 2015, the rating looks as follows:
The chart above shows us that the TOP 3 includes FxPro, Interactive Brokers and FXCM. All of them are decent institutional brokers licensed by major regulators like the CySEC or the FCA.
The TOP 3 is followed by:
- Saxo Bank
- Sucden Financial
- FOREX.com
- HY Capital Markets
- Finam
- OANDA
- Swissquote Bank SA
- Dukascopy Bank SA
- Varengold Bank FX
