How to choose a reputable Forex broker and avoid fakes and scams? Indeed, this should be an honest and client-oriented company since the trader is going to trust his/her money with it. If to ponder upon it for a minute or two, it becomes clear that there is no such thing as a universal pattern for choosing a reputable FX broker. The thing is that all traders are individualities with their own sets of aspirations, requirements, ambitions, rears and interests. Therefore, the parameters they take into account when choosing a reliable FX broker to go with vary from trader to trader. Still, there are some cornerstones that should be typical of any decent company working in the industry of retail FX brokerage services.
That is why Masterforex-V Expo offers you a lot of ratings of Forex and binary brokers operating in the industry in various niches and suitable for various kinds of traders. One of the most reputable niche in the industry is the niche of the so-called FX bank. These are banks rendering retail FX brokerage services. It is an interesting niche to take into account since banks have always been major players in the global financial environment. They can often boast major licenses (since they are regulated by major financial regulators) and abundant liquidity. These are true heavyweights and therefore can be a good choice for advanced traders with many years of expertise seeking security, stability and liquidity.
As for the best FX bank in November 2015, Masterforex-V Expo’s rating looks as follows:
The TOP 3 is represented by Swissquote Bank SA, Saxo Bank and Alfa Bank. These are major banks, which have been in the industry for many years and can boast a decent reputation among international FX traders.
They are followed by:
- HY Capital Markets
- Dukascopy Bank SA
- Nefteprombank
- IRB
- UFXBank
- Rietumu Banka
- MOSOBLBANK
- Varengold Bank FX
- Integral Bank
- vPE Bank
