The Forex market has always been about the exchange of value for value i.e. the exchange of a certain currency for its equivalent value in another currency. Forex brokers are gradually gaining popularity as the world keeps getting connected to the internet and the with the recent increase in international trade and hence, the need to exchange currencies.
Over the years, the financial market has received a facelift in terms of offers and brokerages. The number of Forex brokers have significantly increased from a very few recorded in early 2000 to the countless numbers we now have on the market.
Forex broker ratings 2015 revealed that there has been a general increase in the total number of recognized Forex brokers per region from a few hundred to thousands with an increase in the total number of regulating bodies and lawmakers. The forex brokers with the highest ratings were drawn from the world's international trade centers such as the UAE, London and the UK with the USD becoming the most important currency in the world.
Forex broker ratings 2015 revealed that one of the major challenges faced by traders is the inability to choose the right Forex broker due to numerous numbers of these brokers in the market and thus, came the need to rate the already existing forex brokers so that the trader’s stress of searching for the best forex broker can be drastically reduced. The aim of the Forex broker rating 2015 was to provide the world with a valid information on how each forex broker fared in the market based on region or location.
According to the Forex broker ranting 2015, the most studied factors by traders before engaging in a trade included deposits/withdrawals terms, trading platforms, spreads and leverages, commissions and fees, bonuses and promotions, details of regulation and a few more.
In regards to the minimum real deposit amount, it was also discovered from the Forex broker rating 2015 that there is a great likelihood for the total number of forex brokers to increase on a general term and this will, in the nearest future make trading in the forex a thing of joy and ease for all who are interested.
The Forex broker rating 2015 also revealed that the major challenge encountered by the Forex traders lies in the complex nature of making deposits and withdrawals from their invested amounts and with that, there is a great likelihood of creating more Forex brokerage services with easier and faster methods of payments and withdrawals such as the MasterCard.
On the aspect of the most popular types of Forex brokerages, the Forex broker rating 2015 revealed that many of the clients prefer to trade with ECN regulated brokers since they charge commission but do not make money on spreads. It was also observed that the best Forex brokers with the highest ratings provided their clients with different tools and several trading platforms and also educate them on the nature of the market and the best way to trade with it.
The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteForex. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.