Micro brokers operating in the contemporary FX industry differ from other brokers in several aspects. The biggest difference is that such brokers are tailored to rookies. This means that you don’t need a lot of money to start trading Forex with a micro FX broker. Such companies offer cent / micro accounts. These are excellent solutions for beginners who are just getting their feet wet in FX trading or even intermediate and advanced traders who want to test a new strategy without investing big money.
Even though such brokers offer cent accounts, you can open a standard live account with any of them to continue trading Forex with the same broker when it is time. Indeed, any rookies becomes more advanced sooner or later. At some point in the future, yesterday’s rookies no longer need a cent account and can switch to bigger-scale trading.
While there are dozens of FX broker operating in the contemporary FX brokerage industry, not all of them are equally reputable and honest. This leads us to believe that while micro-trading investments are minor and inconsiderable to some extent, you still want to go with a reputable FX broker allowing you to trade freely without being interrupted by various dirty tricks.
However, testing all of those brokers requires a lot of time effort and maybe even money. Luckily, Masterforex-V Academy can help you with that. The thing is that a couple of years ago, Masterforex-V Academy introduced an online project dedicated to various ratings of FX brokers. It is called Masterforex-V Expo. It includes dozens of transparent and unbiased ratings in multiple aspects, thereby allowing you to make up your mind depending on one or several of those ratings. Most of them are updated on a monthly basis in order to let you stay tuned and track the latest changes in the industry.
This time we would like to offer you the latest update of the rating of the best micro FX brokers. The rating was updated in late October.
As you can see, the following brokers represent the TOP 3 of the rating:
- NordFX
- Solidary Markets FX
- Fibo Group
They are followed by:
-Fort Financial Services
- Alpari Limited
- Grand Capital
- Forex Club
- GKFX
- Forex4you
- RoboForex
- FXOpen
- EXNESS
- FBS Markets Inc.
- InstaForex
- Lionstone Investment
- eToro
- Larson&Holz
- HotForex
- FX Start
- LiteForex
