These days, 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.
Benefits and Advantages of Trading Forex with FX Bank:
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.
Best FX Banks. October 2015
The latest update of the rating was made in late October. The updated rating looks as follows:
The following banks represent the TOP3 of the rating:
- Swissquote Bank SA
- Saxo Bank.
- HY Capital Markets
These are the 3 most reputable banks operating in the contemporary retail FX industry.
They are followed by:
- Alfa Forex
- Dukascopy Bank SA
- Nefteprombank
- Republican Investment Bank
- Rietumu Banka
- UFXBank
- Mosoblbank
- Varengold Bank FX
- Integral Bank
- vPE Bank
