Institutional FX brokers are those kind of companies that are seen by experts as some of the leading businesses in the entire industry. At the same time, Institutional FX brokers can boast major licenses issued by major financial watchdogs. Consequently, such companies are regulated by such respected financial authorities, which is another sign proving their exceptional status in the entire industry. Moreover, we cannot but mention that this kind of big-scale financial businesses actually make up for the lion’s share of the entire trading volume generated in the Forex market.
Simply put, institutional Forex brokers can be treated as the elite of the contemporary FX market. With that being said, Masterforex-V Academy experts just couldn’t avoid determining the best representatives in the institutional FX niche. For that reason, they decided to create a standalone rating of institutional FX brokers within the framework of Masterforex-V Expo.
In order to make the rating more unbiased, it was decided to conduct year-long open voting to get objective client feedback and use it (along with other criteria) to determine the best institutional FX broker in 2016. The year has just begun. However, we are going to update the results on a monthly basis, following the updates made by Masterforex-V Expo. By the way, the latest update took place in May 2016. Here is the update rating:
As you can see, the first three places are occupied by:
- Cornèr Trader
- Interactive Brokers
- OANDA
The rest of the list of the industry’s best institutional FX brokers looks like that:
- HY Capital Markets
- FxPro
- Saxo Bank
- FXCM
- Swissquote Bank SA
- FOREX.com
- Dukascopy Bank SA
- Finam
- Varengold Bank FX
- Sucden Financial
If you feel like participating in the open voting to help a certain broker with the “Best Institutional FX Broker” title, you are welcome to do it on Masterforex-V Expo’s official website. Please keep in mind that only one vote per IP will count.
