Prior to getting down to FX trading, every single trader has to choose an FX broker since it is impossible for retail traders to access the Forex interbank environment without brokers. Still, there are hundreds of brokers offering their products and services to retail clients online. Not all of them are reliable. This leads us to believe that when looking for an FX company, you should pay attention to several factors and requirements the chosen broker should comply with.
One of the key goals a reputable broker pursues is the safety of client funds along with creating a favorable environment for letting the client multiply the funds. These days you can read and hear a lot of controversial things about financial markets in general and Forex in particular – both bad and good ones. When it comes to the feedback, it boils down to FX brokers, their service and approach to the client. Indeed, there are scams and fake brokers among them but that doesn’t mean that the entire industry is a scam in itself. There are dozens of reputable brokers operating in an honest and transparent way. This leads us to believe that they can be trusted.
In order to help you tell those reputable brokers from fakes and mediocre representatives the FX brokerage industry, Masterforex-V Academy came up with Masterforex-V Expo a couple of years ago. This is the project tailored to the needs of those who are looking for a reliable partner in Forex trading. The mentioned project includes multiple ratings, including the one we are going to show you this time. This is the rating of the industry’s most reliable FX brokers. This is a monthly rating which means it is updated every 4 weeks to let you keep track of the latest changes and tendencies in the niche.
The last time the rating was updated in late November. It looks like that:
As we can see, the top of the rating is represented by such brokers as:
- TurboForex
- Nord FX
- HY Capital Markets
These guys are followed by:
- Fort Financial Services
- FIBO Group
- TeleTrade
- XM
- ORBEX LTD
- YA-HI.com
- OANDA
- ActivTrades
- FXOpen
- Hantec Markets
- Alpari Limited
- Dukascopy Bank SA
- FBS Markets Inc.
- GKFX
- Larson&Holz
- FinFX
- Forex4you
- FreshForex
- Grand Capital
- FX Start
- FXFlat
- Lionstone Investment
- FX Primus
- CFD1000
- Pips.it
