Apparently, you want to trade Forex via a truly reputable and reliable company that won’t let you down and play dirty tricks on you. Experts say that when it comes to reliability and reputation, there is noting better than banks providing FX brokerage services. With that being said, let’s talk about the strong sides of banks acting as FX brokers. Let’s call them FX banks for short.
First off, an FX bank is a financial institution offering both banking and brokerage services to retail and institutional clients. If a big-scale trader or investor consider sparing tons of money for trading or investing activities in financial markets (including Forex) and wants an exceptional level of security of funds coupled with other major factors, a bank is obviously the best choice in his case! More often than not, banks rendering FX brokerage services to retail traders are licensed and regulated by major financial authorities like the FCA for example. This means a lot!
On top of that, all those services and products offered by FX banks are now available even to small-scale retail traders and investors since the minimal deposit requirement is now around $500-$1000. When it comes to considering the leverage, it is usually lower than the one offered by conventional brokers and optional but it still exists and can be used if necessary. At the same time, bank brokers offer their clients several trading platforms, including MetaTrader 4 or 5, which is the most popular software among retail Forex traders.
Still, most traders may have a hard time choosing a suitable broker even among the industry's best. Obviously, there are dozens of excellent options for any Forex traders out there. That is the reason why Masterforex-V Academy decided to come up with a project named Masterforex-V Expo. Basically speaking, this is a project dedicated to ratings of FX brokers based on quantitative criteria independent from each other. As you have probably guessed, there is a rating of the world’s best FX banks to let you choose from the banking institutions offering their services to retail FX traders. As this is the case with every single rating available within the scope of Masterforex-V Expo, the rating is unbiased since it is based on multiple independent, objective and transparent criteria, which excludes any chance of manipulating the rating.
OK, let's have closer look at the new rating of best FX bank as of February 2016. Once again, the rating is brought to you by Masterforex-V Academy within the scope of its project called Masterforex-V Expo.
Best FX Bank Brokers. February 2016
The rating looks as follows:
Swissquote Bank SA is number one this time. This is not just another bank. This is one of the biggest banks in Switzerland. This speaks for itself.
Saxo Bank comes second. This is another major international FX brand and a true heavyweight with decades of expertise, which is another proof that company is worth paying attention to.
Alfa Forex by Alfa Bank is number three on the list. This bank can also boast over 20 decades of expertise in the field.
These guys are followed by:
- Nefteprombank
- HY Capital Markets
- Dukascopy Bank SA
- Investment Republican Bank
- MosOblBank
- Rietumu Banka
- UFXBank
- Integral Bank
- vPE Bank
- Varengold Bank FX
