When it comes to trading Forex and other financial markets, your valuable knowledge and skills are not the only crucial factors leading to success. It is also very important to go with a reputable FX broker offering competitive trading conditions. When drawn together, these factors will put the odds of winning in your favor, thereby leading you to the ultimate success in the long run.
I cannot stress enough how important it is to work with a reliable broker. The thing is that if you trade with a disreputable FX broker behaving like a scam you won’t be able to make any money at all even if you are the best trader in the world. A reliable partner is one of the key factors leading to success in any business. Forex trading is no exception.
It is also very significant to find out what technology you will use to trade Forex. There are several technologies. ECN is one of them. ECN is considered to be the best technology for professional traders out there since it provides a certain number of benefits, including the full access to the genuine interbank liquidity along with fast execution of client orders etc.
Nowadays, there are dozens of Forex brokers offering ECN accounts. Still, there are few companies that can actually offer the best trading conditions for ECN traders. On top of that, there are hundreds of broking companies in today’s highly-competitive Forex industry, which means that it is rather difficult to tell good and reliable companies from scams and dirty brokers. Is it possible to choose a truly reliable FX broker while being guided by objective criteria?
Masterforex-V Academy experts say that it is necessary to consider various factors in order to choose a reputable Forex broker, from licenses given by major financial authorities to spreads and commissions. Still, it is rather difficult for an average trader to find and analyze such a big array of crucial information. It requires a lot of time and effort. Luckily, there is a way out!
A couple of years ago, Masterforex-V Academy started its own unbiased rating of Forex brokers (now it is called Masterforex-V Expo) in order to help beginning and advanced traders to find those broking companies that meet their requirements.
Masterforex-V Expo includes several nominations. One of them is the “Best ECN Broker of the Month”. The rating is based more than several dozen independent criteria. Let’s have a look at the current rating of ECN brokers…
Best ECN Brokers. October 2015
The rating is updated on a monthly basis. The latest update of the rating, courtesy of Masterforex-V Academy, looks as follows:
The 3 leading companies of the rating are:
- ACCFX
- Pepperstone
- Vector Securities Ltd
They are followed by:
- FXOpen
- LiteForex
- ORBEX LTD
- XM
- Dukascopy Bank SA
- Larson&Holz
- GKFX
- Alpari Limited
- FBS Markets Inc.
- FIBO Group
- FxPro
- Tallinex
- FreshForex
- Forex4you
- ECN BROKER
- EXNESS
- InstaForex
- MAYZUS
- RoboForex
