Forex brokers’ rating renders an invaluable assistance in choosing a good broker. Independent brokers’ ratings are not aiming at advertising this or that company. They are being established by qualified experts to help a common trader to understand what’s a forex company is about in sober fact. Which is the biggest broker? Which one to choose for successful trading?
Of course, the best broker is the one who lets a trader make money. However, making a choice of the best company you should know of the largest forex brokers and of their offers.
When assessing a forex broker any information should be taken into consideration, starting with its jurisdiction and registration, and ending with the customers’ reviews. The following is to be taken into account: duration of a company (the older the broker is, the better); awards; control and regulations of the brokers’ activities; branch network; commission and spreads; reviews and traders’ voting – this list is not exhaustive.
Top 5 Forex Brokers: The Key Players
Alpari is one of the world’s largest brokerages with customers in 150 countries. There are no deposit restrictions, PAMM accounts are offered, featured is a vast majority of instruments, there are special training courses and seminars for traders, commissions are returned to traders for account replenishment, there are profitable affiliate programs. Alpari has four platforms: Alpari Direct, MetaTrader4 and 5, Systematic.
Instaforex is operating on the market since 2004. Trading conditions are considered to be among the best and most profitable in the world. It’s been not once that the company has been recognized the best broker in Asia, it regularly occupies top places in the international and Russian rankings.
RoboForex is registered as a financial services provider in the Financial Service Providers Register New Zealand under the number FSP246525.
NordFX offers favorable conditions and a wide range of instruments. This broker is among the recognized industry leaders and has credibility of traders in many countries. This broker is quite loyal to small investors; there’s no minimum deposit. In 2012 the company was awarded with the title of the best micro broker, having surpassed such a leading broker like Alpari.
TeleTRADE has hundreds of thousands of traders in 20 countries. Its network of representative offices is one of the largest in the world. The company is operating since 1994, offering consulting and long terms services on the global financial markets.
Choosing the right broker to entrust your funds to is the No.1 issue and the most crucial challenge for a trader. Which broker to choose?
Nobody but the trader himself is able to give an unequivocal answer to this question. Each person has individual requirements and expectations, some are interested in the spread size, others care for the accrual principles and the amount of swaps, or for the broker’s registration, and so on.
As of today, the world’s largest forex brokerages are these: