From article to article, we keep on reiterating the fact that going with a reliable FX broker is a must if you want to succeed in FX trading and enjoy the results of your hard work. No fake or scam is ever going to make you rich. That’s for sure! With that being said, if you really want to capitalize on financial markets in general and Forex in particular, you just have to make the right choice when considering a certain FX company to open a trading account with.
Here is a quick tip: most of the reputable companies out there can boast years of expertise, spotless reputation, decent regulation and client-oriented approach. When it comes to Masterforex-V Academy rating certain FX companies as recommended brokers, the experts stick to the rules. However, there are always some exceptions to the rules. That’s the case with PrivateFX. Despite the fact that the company was started last year, Masterforex-V Academy experts already recommend paying attention to this young but promising FX company. Why? Let’s find it out…
5 reasons to go with PrivateFX
More often than not, an FX broker starts the business with expanding the customer base and establishing relations with major liquidity providers to let the customer access the interbank market as well as the efforts to create more competitive trading conditions to get a competitive edge over rivals. Still, these ambitious goals are hard to achieve in practice. These are real challenges for young companies, which is why big-scale traders and investors are usually afraid of trading with such brokers. Well, once again, practice shows that this is not the case with PrivateFX. This is a true exception to the rule.
PrivateFX was founded by a major international investment company. This is Concorde Capital. Experts say that this fact alone was enough to enter the industry as a reputable FX broker right off the bat to make rival to other reputable companies out there. PrivateFX decided to go beyond that and offer the customer a wide range of cutting-edge technologies since day one.
All in all, Masterforex-V Academy found at least 5 reasons to consider PrivateFX as a good option for trading Forex.
1. It is all about the fact that a major investment firm backs PrivateFX at all times. This brings non-market risks to the point close to zero. Rest assured that the liquidity is going to be enough even if there are major volatility spikes.
2. Since day one, PrivateFX started expanding the customer base at an unprecedented pace, which eventually let it win the hearts and minds of thousands of retail traders and investors even while in beta-testing mode. Some of those clients came from ex-ForexTrend. There were money managers and trading experts used to making money under any market conditions. Those experts keep on helping the company accelerate the pace at which the customer base has been growing to date, which is something you can rarely see in the FX industry. The more customers you have, the more capital you attract. The more capital you have, the more profits you can eventually gain in absolute terms. This is it! Pain and simple! The company keeps on backing it own long-term success by all means!
3. To be frank, the unexpectedly fast pace of customer base growth obviously attracted the attention of various major mass media. As a result, the broker got even more popular, which also contributed to the growth. As you know, major financial editions value their reputation and are not going to write positive reviews about a shady company…
4. PrivateFX managers proved in word and deed that they are truly interested in their clients’ success. The broker backs the excellent quality of order execution, no slippage and beneficial trading conditions, which is something that makes up the lion’s share of success in trading any financial market.
5. And finally, it is all about client feedback, which is largely positive, when it comes to PrivateFX. Thousands of retail traders and investors have already tested the broker for every single aspect to find out that this is one of the very few FX brokers that truly deserves the right to be on any list of recommended FX companies.
