Without any doubt, the evolution of the contemporary Forex industry is still underway. New tendencies emerge every year. At this point, there is another brand-new trend in FX trading. It is called social trading. Indeed, at this point, it seems to be one of the most popular new trends in the entire industry. In simple words, social trading boil down to uniting all FX traders into a single global network, which provides them with a decent chance to make use of the expertise shared by other fellow traders.
This leads us to believe that anyone can benefit from social trading by taking his/her trading results to the next level. Despite the fact that social trading is a relatively young phenomenon, it is indeed growing at an unprecedented pace. Yet there is nothing to be surprised about the increasing popularity of social trading. The thing is that it makes FX trading popular among plain folks.
Anyway, when planning to get down to social trading, choosing a suitable FX broker for social trading becomes a crucial part of the business. It cannot be underestimated and ignored at all times. Most of you probably know that finding a reputable broker has always been a nightmare for most of the traders out there. Without any doubt, finding a truly reputable FX broker is a very difficult task to accomplish.
Luckily for all us seeking a decent broker for social trading, Masterforex-V has recently introduced a standalone rating for the best FX brokers for social trading within the framework of Masterforex-V Expo. The rating is updated on a monthly basis to let you keep track of the latest changes and tendencies in the niche. November’s rating looks as follows:
The TOP 5 of the rating is occupied by:
- NordFX
- TradingBanks
- ActivTrades
- FXCM
- Interactive Brokers
The remaining brokers participating in the rating are:
- Alpari Limited
- Saxo Bank
- Dukascopy Bank SA
- Swissquote Bank SA
- FXOpen
- FXCC
- YouTradeFX
- Weltrade
- FXDD
- xDirect
- Varengold Bank FX
- AAAFX
- AxiTrader
- IronFX
- MAXiFOREX
- TraderGlobal
