Institutional brokers are considered to be real elite of broker companies, which provide not only good service, but also guarantee highest quality services. In addition, an institutional broker is characteried by flawless reputation and reliability. It also is an absolute leader of most broker ratings at international Forex market or at least takes one of highest positions in them.
One should understand that in order to become a client of an institutional broker, you are to be an institutional client. In the United States of America, for example, one is to invest not less 20 thousand dollars into this broker’s account. However, such sum is sky-high for many people on the territory of post-Soviet states, so brokers usually lower the cost of so-called admission ticket. There are cases when people with rather small sums on their accounts become clients of an institutional broker, but it happens rather rarely.
By the way, such liberal attitude to the size of starting capital is not characteristic of all institutional brokers. They also have other distinctive features, among which:
- presence of all necessary licenses for providing broker services, including bank ones, which stipulate constant control of the regulator;
- highly-qualified client support;
- profitable trading terms;
- very high security guarantees.
Such conditions are also offered by other broker company, but, in practice everything turn out very different. However, when institutional brokers are meant, all the abovementioned conditions are proved by practice.
A trader that turns for cooperation to an institutional broker has every right to count on finding all advantages, offered in different simply good companies, in one place. Namely,
- high speed of order fulfillment;
- small or no commission fee;
- exclusively market quotations on currency pairs, futures, indexes, options, metals, and all other instruments, the choice of which is extremely vast;
- absence of smallest slippings and requotes;
- direct access to absolute liquidity;
- convenient conditions for replenishment and withdrawal of money from a deposit;
- absolute guarantee of safeguard of assets;
- possibility to use effective and proven innovative technologies;
- absolute elimination of any unauthorized tampering from personnel, misuse, or other troubles, which have lately been frequently encountered by clients of ordinary companies;
- high quality of service with individual approach at the level, close to VIP-service;
- other advantages, allowing one to make profitable business at Forex.
- low spreads.
The rating,defining the best institutional broker, includes companies that represent one of most highly authoritative ratings these days. This refers to the international rating of forex brokers compiled by Masterforex-V Academy.
Best Institutional Broker as of April 2016
As far as we can see,
- the first place of this rating is occupied by a company under a name “Cornèr Trader”. This company is a subdivision of CORNÈR BANK, one of most reliable banks in Switzerland. All clients are provided with a guarantee of insuring their accounts to the sum of 100000 CHF. All actions of the company are managed by members of Esisuisse - agency on safeguard of investors’ means;
- the second, not less honourable, place is taken by a broker company Interactive Brokers. It has been providing services of online trade since 1998. Today it is considered to be one of oldest Forex brokers worldwide. The broker provides an absolutely stunning choice of trading instruments and charges minimal commission fees;
- a broker company OANDA has comfortably placed itself on the third place of the rating, thus closing the list of most popular institutional brokers. It started its work in 1996. Up to now it is considered to be one of most authoritative marketmakers, as well as a reliable data source for trading currencies at Forex market.
Further follow:
- HY Capital Markets;
- Saxo Bank;
- FxPro;
- FXCM;
- Swissquote Bank SA;
- FOREX.com;
- Dukascopy Bank SA;
- Finam;
- Varengold Bank FX;
- Sucden Financial.
Let us remind that the vote continues. Its final results will be announced at the end of current year. Until then, any visitor of the vote web-page can give his own vote to the company he/she desires, but with a limitation of only one vote from one IP address.
