It is common knowledge that no retail Forex trader can do without an FX broker. With that said, every single trader out there has to choose a certain broker to go with. Still, few traders are actually happy about their choices since not all FX brokers are reputable companies that a worth trusting. Few brokers can actually put their promises into practice. Decent trading conditions, safety of client funds, transparency, flexibility and innovation. These are some of the things that a reputable Forex broker should provide its client with.
Unreliable brokers are some of the reasons why most people think that it is impossible to trade Forex for a living and treat Forex brokers as some kind of a scam. Well, there are scams in any industry. However, it doesn’t mean that all FX brokers are fake and disreputable.
Still, choosing a reputable FX broker to go with can really be a tough challenge. The first thing you should do when choosing a broker is to abstain from all those catchy commercials and use your critical thinking to conduct comprehensive analysis of every single bit of information about the company you can find. On the other hand, there is no universal pattern to choose an optimal broker since every trader is an individuality and has his/her own set of requirements regarding what a perfect broker should look like.
Anyway there are certain aids that can be used a shortcut to making the correct decision. One of them is Masterforex-V Expo, an online project embracing dozens of unbiased ratings based on quantitative criteria. These ratings can be used as an excellent timesaver when choosing a broker to go with since the ratings are based on comprehensive sets of information on each participant out there. Over 20 independent criteria are more than enough to help you make up your mind regarding a certain FX company.
The ratings are updated on a monthly basis, to let monitor the latest changes in the industry. The current rating of the industry’s most reputable FX brokers (August 2015) look as follows:
The first place belongs to TurboForex. These company is known for being oriented towards clients’ needs and requirements while constantly working on innovative products and services to give their traders a competitive edge over rivals.
NordFX is number 2. The company was founded in 2008 and is currently one of the industry’s leaders in many aspects of retail Forex trading services.
Forex-Market is number 3. It was founded in the British Virgin Islands in 2009. It has been providing premium-quality services ever since. That is why it has been enjoying positive client feedback while seeing continuous growth in its client base and overall returns.
The TOP3 is followed by:
- FxPro
- FIBO Group
- ORBEX LTD
- Fort Financial Services
- HY Capital Markets
- TeleTrade
- XM
- YA-HI.com
- ActivTrades
- Alpari
- Hantec Markets
- OANDA
- Dukascopy Bank SA
- FXOpen
- FBS Markets Inc.
- GKFX
- Larson&Holz
- FinFX
- Forex4you
- FreshForex
- FX Start
- Grand Capital
- FXFlat
- Lionstone Investment
- Pips.it
- FX Primus
- CFD1000
