All Forex traders out there, including beginners, eventually come to the point when they have to choose a reputable FX broker. The choice is really important since it is going to be one of the cornerstones of their success. Despite the fact that FX brokers are essentially the same, in reality there is a huge difference between some of them. While some of such FX companies try to scam their unsuspecting clients, especially inexperienced beginners, others do their best to help all of their clients succeed in FX trading and capitalize on that along with them. These companies are aimed at long-term cooperation. Actually, reputable brokers are outnumbered by unreliable companies chasing client funds instead of long-term cooperation and success.
That is why it is crucial to choose among the group of reputable brokers. At the same time, FX brokers often target a certain group of traders. In other words, while some of them prefer to with with big-scale traders or pro traders with mid-size capital, others do not mind helping rookies to succeed. This is one of the key factors to take into consideration along with spreads, leverage, execution speed and other trading conditions. This holds especially true for rookies with little to no expertise in trading Forex and other financial markets. They do need help in making their first steps.
While it is not that easy to find a suitable FX company to go with while seeking it on your own, there is an excellent alternative to it. In particular, you can benefit from using Masterforex-V Expo, the project designed to embrace dozens of unbiased ratings of FX and binary options brokers. On top of that, this is great aid in decision making when it comes to choosing a suitable FX broker, especially for rookies who do not have enough experience to tell decent FX brokers from fakes and disputable ones.
Anyway, it is much easier and faster to consider a rating by Masterforex-V Expo than to spend a lot of time and effort to find and analyze all the comprehensive information required to make a weighted decision. At the same time, rookies still lack the knowledge and algorithm required to this. With that said, the rating of FX brokers is a truly useful aid for rookies.
At the same time, Masterforex-V Expo has a standalone rating designed especially for rookies. In other words, it includes those reputable FX brokers that represent the best alternatives for those who are just staring out.
The latest rating (September 2015) looks as follows:
The chart above shows that the TOP 3 includes Hedge Total, Fort Financial Services and TenkoFX.
The TOP 3 is followed by:
- OANDA
- ORBEX LTD
- YA-HI.com
- Larson&Holz
- Alpari Limited
- RoboForex
- FreshForex
- GKFX
- 24FX
- FXOpen
- Grand Capital
- FBS Markets Inc
- InstaForex
- Forexite
- EXNESS
- Forex4you
- LiteForex
