We need to know that global rankings are nothing more than a way to prevent ourselves from entering the abyss of black platforms.
Before introducing the top 10 trading platforms, you need to know: 1.
Currently, the more credible forex trading platforms are concentrated in the United States, the United Kingdom, Switzerland, Hong Kong, Singapore and Australia.2
In terms of regulation, the US is the most stringent and often publishes records of penalties against errant dealers to alert traders to the risks.
You can find out exactly what dealer penalties are on the website of the NFA, the US regulator.
In recent years, US regulators have raised the entry criteria for the retail forex industry, and small players that do not meet the criteria have been excluded from the field, leaving only a dozen or so players.
This information can be found on the official website of the NFA, the US regulator.
There are no so called “US foreign exchange companies” listed here (many of them are Chinese scammers), 100% are scammers and opening platforms.
The biggest drawback of America’s open platform for foreign exchange trading is that the minimum leverage ratio is only 50 times. The UK’s Financial Services Authority is less regulated than the NFA.
Moreover, the FSA has not punished anything for some time.
The FSA appears to have been slower than the NFA to respond to complaints from some retail customers.
Therefore, with the exception of those UK brokers small enough to be listed, it is not recommended to open accounts for small foreign exchange dealers in the UK and indeed Switzerland was previously regulated similarly to the UK.
It is relatively strict, with very low entry standards for retail foreign exchange.
As a result, many small and even scam companies have set up websites in Switzerland, or claim to be Swiss, in an attempt to take advantage of the system’s good reputation to cheat currency speculators;
Over the past two years, Switzerland’s financial regulator has finally required all foreign-exchange brokers to register as investment banks.
Those whose capital does not meet the standards of the Bank shall not engage in retail business.
With this measure, there are only three retail forex brokers in Switzerland, and all of them are promoted to bank status, with clients’ account funds protected according to Swiss bank insurance standards.
The top 10 foreign exchange trading platforms are as follows: 1 Gold Diamond Group 2 FX Direct Dealer 3 KVB Kunlun 4.
5.IFX/Fx Solutions Foreign Exchange trading platform 6.
Saxo 7.TOPFX 8. Nornord 9. Jiaxin 10.GKFX Stocks rally as Risk appetite improves Gold plunges while oil drops as much as 17 percent.
Please pay attention to the specific operation, the market is changing rapidly, investment needs to be cautious, the operation strategy is for reference only.
