We cannot stress enough how important it is to work with a truly reputable broker you can really trust, whether you trade Forex or pretty much any other financial market out there. The thing is, if you go with a scam or disreputable FX broker playing dirty tricks on you to make you lose in the long run, you are not going to be able to capitalize on your trading activities even if you are the greatest trader in the entire world. Once again, a reliable partner is one of the key factors helping you navigate your way through the trading environment to success. This holds true for any business out there as well.
It is also crucial to find out what technology you are going to use to trade Forex. With that being said, there are several technologies out there. ECN is one of them. Frankly speaking, ECN is considered by the international expert community to be the best technology for professional traders since it lets you benefit from a certain number of advantages, including truly full-fledged access to the genuine interbank liquidity along with fast execution of client orders and so much more.
For now, there are dozens of ECN-based FX brokers offering their ECN accounts on various beneficial terms. Still, there are few companies that can actually offer the best trading conditions for ECN traders. On top of that, there are hundreds of broking companies in today’s highly-competitive Forex industry, which means that it is rather difficult to tell good and reliable companies from scams and dirty brokers. Is it possible to choose a truly reliable FX broker while being guided by objective criteria?
Masterforex-V Academy experts say that it is necessary to consider various factors in order to choose a reputable Forex broker, from licenses given by major financial authorities to spreads and commissions. Still, it is rather difficult for an average trader to find and analyze such a big array of crucial information. It requires a lot of time and effort. Luckily, there is a way out!
A couple of years ago, Masterforex-V Academy started its own unbiased rating of Forex brokers (now it is called Masterforex-V Expo) in order to help beginning and advanced traders to find those broking companies that meet their requirements.
Masterforex-V Expo includes several nominations. One of them is the “Best ECN Broker of the Month”. The rating is based more than several dozen independent criteria and is updated on a monthly basis. The latest update took place in June 2016:
Best ECN Brokers. June 2016
TOP3:
- NordFX
- FIBO Group
- Alpari
The rest of the rating:
- ХМ
- FxPro
- Larson&Holz
- ORBEX LTD
- Dukascopy Bank SA
- FreshForex
- Pepperstone
- GKFX
- FXOpen
- FBS Markets Inc.
- Vector Securities Ltd
- ECN BROKER
- MAYZUS
- Forex4you
- EXNESS
- RoboForex
- LiteForex
- InstaForex
- Tallinex
- ACCFX
- FxPrivate Company Ltd.
