Smaller Brokers: All Scams? This is surprising!

The Forex trading as a financial trading instrument can be complex for most people who are new to the business. This kind of trading might require you go further than the binary options and deal with a broker who is specialized in the forex field. There are those classical forex brokers who have been in the business and are fully qualified to offer you the best options and advice.

 

This review will cover selected forex brokers who have been proven to be reputable and have been operating for a good number of years. They have the ability to guide you through the account opening process which should take you only a short time. These brokers have the right know-how and they have the required retail experience having dealt with all classes of customers from retail, big investors and recreational traders.

 

EXNESS GROUP

With a Russian origin, the group was founded in 2008 by a group of professionals to trade mainly in the area of finance and information technology. The group worked its way up through the years and is currently an industry leader in the area of finance and forex trading. By mid-2014 the group had recorded a total trade volume of over 180 billion U.S.A dollars and 15,000 accounts being opened monthly. It currently features over 120 different financial instruments with best on-the market order-execution and with record tight-spreads for some of the main currency pairs.

 

The company received the ISO 9001:2008 on ‘Organized Forex Trading’ in December 2011. This certificate is international and was received to certify the group as compliant in the area of best service. Major achievements by the company include

 

A website localized and with 22 languages incorporated. Support to customers is offered in 13 languages to include 24/5 support-in 10 languages plus 24/7 support in 3 major languages i.e. Chinese, Russian and English.
Instant funds withdrawal via several electronic systems
Trustworthiness- According to reviews carried out on the group it has been rated as honest and transparent. The company’s rules and regulations have been rated as some of the best with lots of trust from traders. This can be backed up by their rising number of clients around the world.

Overall rating is 4 out of 5.

 

NETO TRADE

The company was founded by a team of professionals with a wide experience in the foreign exchange trading market. It is a forex brokerage firm specialized in the investment and global financial field. The company has some of the finest and advanced online tools for best customer support in the area of international forex trading. A client is able to do trading in both currencies and CFDs that includes stock commodities and indices.
NetoTrade offers its clients general trading, purchase and sale of currencies, export and import services and access to global forex market. The services offered ensures that;

 

The customer is availed with the tightest spreads that are available in the market
The company offers you a 24/7 support service by their professional team
Has a platform that has a well-proven security to keep your funds safe and always ready on demand
The company has three main trading platforms;
NetoTrade-Web Platform- This is their website that allows customers to trade from anywhere in the world
MetaTrader-4 Platform- Allows you to work with their analytical tools including major indicators and studies to give you an edge over your competitors
NetoTrade Mobile Platform-Allowing you to use their services from the comfort of your smartphone
In terms of trustworthiness and ethical trading, NetoTrade has been rated very highly with.

Rating is 4 out of 5

 

LITEFOREX (EUROPE) LTD

The company was founded in Cyprus as an investment firm in securities and foreign exchange. It is a member of Investor Compensation Fund and guarantees the security of customer funds which are insured with a value of twenty thousand Euros.

 

There are many benefits of operating with the company such as:
The company has been operating for about ten years since 2008 and has proven itself in the brokerage field. It has established itself in the field of;
The Social trading platform- a trader’s social network providing 4 copy trading ways. This kind of trading enables traders to come together and form a successful trading community where each learns from one another.
The company runs an affiliate program as a multilevel product where customers get a commission for bringing in new entrants and partners.
The company is reliable and has a flawless reputation that has attracted a lot of clients. People value the multiple benefits that set it apart from other brokerage firms. It is one of the most advanced Cyprus brokerage companies with up to date technologies and superior services.
Rating is 3.5 out of 5.

OCTAFX

The company was established in 2011 and is a relative newcomer to the brokerage industry. The company has been run so well that it has achieved the status of being a major industry leader. The broker firm focuses its operations in the Asian countries although it has customers in more than 100 countries of the world.
This company has so far received exemplary favourable reviews as a forex broker of repute. It was recognized by the Global Banking/Financial Review and the Forex-Report Magazine (two online portals) as the ‘Best ECN-Broker firm in Asia in 2014. It was also termed as the Best Broker in Central Asia in 2014. More awards have been received

 

The company operates on the popular Metatrader4downloadable series that incorporates mobile applications. Also offered is a cTrader series platform supporting extra capabilities not present in the MT4 modules. It has promotional programs plus contests that rests on an always changing calendar that sparks lots of interest.

 

The company is highly regarded and in terms of reputation and trustworthiness, it has a very high score.
Rated 4 out of 5

 

IFC MARKETS

The company is an online leading broker that deals in international financial markets providing forex online trading and future stock, index and commodity CFDs. It was founded in 2006 and has been on the rise throughout. It covers clients from over 60 countries and communicates in 18 different languages to abide by brokerage international standards.

The company is registered as a British Virgin Island company and fully licensed by the Financial Services Commission to do investment business.
The company’s best features are;
Operates with more than 500 instruments
Has super tight-fixed spreads and instant execution
It trades with its own instruments
Operates with best platform NetTradex with more advanced analytic capability and MT4 and Web Terminal-advanced MT5-platform
Supported 24/7 in 18
Has a web terminal that works with Mobile applications
According to tracking done on the company since 2011, it has been ranked as one of the most trusted brokerage firms. All review ratings on the company are very favourable.

Rating 4 out of 5.

 

ALPARI

The company has been running since 1998 and has achieved big strides in the area of global foreign exchange trading, building a name as an international brand. The company has a very good reputation and has made big profits all along. They have achieved a very big number of clients with their books having more than 1 million accounts.

The main advantages of working with them are;
They offer a wide range of trading instruments.
They have some of the most modernized platforms
The company offers an up to date investment options that include binary and forex trading.
Binary option-The options offers
Ability to making a forecast if a currency pair’s rate either rises or falls.
Open options of even up to 30 seconds validity. Right forecast can lead to a 90% profit on funds invested
Open an account and increase the profit with each trade
Forex Trading- They have all the tools to help the client make informed decisions. Includes user-friendly services, good working conditions, analytical reviews and trading instruments. You can open a PAMM account to attract investors and gain profits
The company is regulated by the Financial Regulation Agency based in Russia. It has since 2005 received many awards that include ‘’Best Internet Broker’’ and ‘’Best Russian Company in 2007’’ among others. User reviews have shown client satisfaction and its trustworthiness have been confirmed.

The rating is 3.5 out of 5.

 

AXITRADER

Founded in Australia and regulated by the Australian Securities & Investment Commission under the name AxiCorp Financial Services-Pty Ltd. The company deals in investment in margin foreign exchange. It was established with a simple feature as forex broker offering forex trading options. They assist traders who use forex as an asset to carry out the trading portfolio.
The company operates in four countries with 80 staff and they offer support in ten different languages and a 24/7 trade support. They use some of the best trading platforms that give their clients the most up to date market data on CFDs, Forex and indices to trade with favourable and competitive rates. They have received various awards for their good customer service.
In terms of trustworthiness, they are highly rated as to their honesty, transparency and integrity. The reviews from clients have been very positive giving them a rate of 3.5 out 5.

 

TRADEVIEW FOREX

Tradeview Forex was established in 2004 by Timothy Furey who has a wide knowledge and experience in the areas of investment and trading. The company has since risen in stature and is internationally recognized as a reputable brokerage firm offering best practice forex trading options.
The company offers unified institutional services in the brokerage business including;
A copy trade that is made simple and built for use by money managers. You just plug in the software trade and copy same to your account
The right platforms including MetaTrader 4 Bridge to manage your risks4 Bridge
The Omnibus service mainly designed for financial institutions wishing to offer FX plus margined-investment vehicles via Trade view at the same time maintaining their clients on own books.
The clearing services give a firm the room to hedge their customer’s trades at the same time enabling them to mitigate known market risk.
Support on a 24/6 basis
Accounts funds for customers are fully secure through protective measures and due diligence
Client funds held in segregated account with the Santander bank
Through tracking since 2011 and regular reviews the company has been established as trustworthy, secure and have ethical procedures. Most of its traffic is from Japan where it has very high ratings.
The rating is 4 out of 5

 

FXGLORY

The brokerage company operates all over the world since it was founded in 2011. It is currently one of the largest and most popular online brokerage firms dealing with forex market. It was established in U.A.E under the Department of Economic-Development and started its operations in Asia and then moved on.
Fxglory offers the following services;
High-class world service that is reliable and accessible through the use of up to date technology. The platform in use is the MetaTrader 4 allowing forex trading via advanced trade tools.
A daily technical analysis to give the customer the opportunity to enjoy trading at the forex market
A 24/5 customer service support
FX Glory offers the Binary options as well as Forex Trading, The Binary options features some of the most advanced technologies in use.
This company has been tracked since 2012 and found that most of the traffic comes from Germany. It is most valued there. But in terms of Google PageRank and Yandex topical-citation index, it has done badly. According to Google safe-browsing analytics, it is considered a safe domain, but visitor reviews are negative.

Rating is 2.5 out of 5

Conclusion

As you can see, only FXglory seems to be a quite problematic company due to its many negative Reviews.

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