Reliability Rating Of Forex Brokers
/binary-trading-demo-account.html. Among the “old English brokers” in the industry, founded back in 1974, IG Markets is renowned for the reliability and the quality of service and for being one among the brokers with the highest number of CFDs an investor can have access to, more than 10,000 to be precise.
Reliability Rating Of Forex Brokers 2017
Forex description. Most Forex traders would vouch for the statement that trading successfully in the currency market is relatively easier than finding an honest broker. However, experienced and successful traders, who trade in the Forex market for a living, always deny such accusations and ask for a careful study of a Forex broker’s background, before opening a trading account. There are complaints surrounding almost all the online brokers. Even some of the major regulated brokers had been found to have involved in fraudulent activities (, for example, was fined and by the for misleading clients). Therefore, a genuine doubt exists among traders about the integrity of FX brokers. To arrive at a conclusion, we shall first look at the most common reasons for stamping a Forex broker as a fraud.
Reliability Rated Of Forex Brokers
We shall then dissect each of the reasons and finally decide whether online trading brokers are reliable. Reasons for considering a Forex broker unreliable Platform stability A Forex broker’s trading platform is expected to remain stable even during major news announcements. Brokers know that trading platform is the backbone of their business, and regular issues with the platform would divert the clients to other companies. So, they make sure that robust servers are in place to manage a surge in orders during critical news announcements. Still, during a year, there may be one or two instances of platform freeze or disconnection with the server, following the release of a. Disappointed beginner traders usually jump to the conclusion that the broker they are dealing with is a fraudster. If the platform becomes unstable several times a month during important news announcements, then a trader would be indeed right to doubt the motives of such a broker.