No matter whether you are a beginning or an advanced trader, at some point during your trading career you have to choose an FX broker. And when choosing it, you obviously want to choose a reputable broker.
The importance of the choice can hardly be overestimated when taking about success in Forex trading. At first it may seem that all FX brokers out there are essentially the same, but in reality there is a huge difference between some of them. While some fakes try to scam their unsuspecting clients (beginners are especially vulnerable), true FX brokers do their best to help all of their clients succeed in FX trading and capitalize on this success as well. These companies are interested in growing FX stars from talented rookies. They are aimed at long-term cooperation and do not intend to rob their clients of their money as fast as they can. That is why it is very important to choose from the list of reputable brokers.
Another fact to take into consideration is that most FX brokers prefer to target a certain group of traders. Simply put, while some of them prefer big-scale traders or pro traders with mid-size or big-scale trading capital, others target rookies. This is one of the key factors to consider on top of the offered trading conditions etc. Since beginners are especially vulnerable when choosing a broker, they should be even more cautious when making up their mind.
While it is not that easy to find a suitable FX company to go with while seeking it on your own, there is an excellent alternative to it. In particular, you can benefit from using Masterforex-V Expo, which unites a number of unbiased Forex ratings.
It is much easier and faster to browse through a certain rating by Masterforex-V Expo than to spend a lot of time trying to analyze all the data required to make a good decision. When it comes to beginners, Masterforex-V Expo has a standalone rating designed especially for them.
The latest update of the rating took place in late November. The updated rating looks as follows:
The chart above shows that the TOP 3 includes Fort Financial Services, TenkoFX, and Orbex.
The TOP 3 is followed by:
- OANDA
- Larson&Holz
- YA-HI.com
- Alpari Limited
- RoboForex
- FreshForex
- GKFX
- FXOpen
- 24FX
- FBS Markets Inc.
- InstaForex
- Grand Capital
- Forexite
- EXNESS
- Forex4you
- LiteForex
- ForexStart
- Binoa
- Premium Trading
- Pellucid FX
- FX-Invest
- World Forex
- World Forex
- Rinkost Markets
- Forex EuroClub
- Dealingcity
- iP Forex
- Arena FX
