RatingFX: independent rating of Forex brokers
Forex4you: broker with high reputation
Forex4you has been running its business for 14 years. The official website reads that 2.4 million traders have opened accounts with the broker over this time. As of March 2021, a trade turnover measured $68+ billion. The company has deserved its good name in the CIS countries that has been confirmed by numerous reviews from Russian traders. If you are thinking about whether to choose Forex4you as a broker, this article would be helpful for you.
Exness quits, dumping Russian traders
“What a shame! It used to be a decent broker,” forex forums are flooded with such remarks. At the same time, Russian clients do not always term the broker by kind words. The company used to be one of the leading brokers. It has barred access to Russian residents since March 2021. The broker’s exit from the Russian Federation ended up with blocked clients’ accounts, frozen money withdrawals, and termination of technical support. Positive comments on the broker’s services still can be found on the Internet. Some of them were left this summer. It proves that Exness is still interested in the Russian trading community. However, fresh evidence confirms the opposite.
Forex Time: broker with controversial reputation
Forex Time (FXTM) has been operating in the market for 10 years. The forex company provides its services to over 2 million clients in 150+ countries around the world. However, it was the reviews of traders that made us pay attention to ForexTime. The broker has a number of regulators, so it cannot be called a forex kitchen, but the complaints about the long withdrawal of funds and blowing accounts are suspicious. Let's take a closer look at the information about the broker.
Forex Club: once reputable broker becomes offshore company
For former residents of the CIS, Forex Club is a well-known company. Founded in 1997, it has remained the main platform for trading Forex for a long time. Various awards, its own trading platform, and training materials distinguished Forex Club from its competitors. Today, one can only be nostalgic about the days of the company’s past glory. Currently, reviews of the company's activities are rather negative and the reliability of its services is dubious. Read the article carefully in order to form an opinion.
Dukascopy: complicated albeit reliable cooperation?
Dukascopy is a brokerage company headquartered in Switzerland which has been in existence for 17 years. The broker was founded by Andre and Veronika Duka, Russian by origin, who are still running the business. Dukascopy is a group of companies centered around Dukascopy Bank that holds a license issued by the Swiss Financial Market Supervisory Authority (FINMA) in 2010. The group also includes the following subsidiaries: Dukascopy Europe, based in Riga, and Dukascopy Japan located in Tokyo. All divisions are properly licensed brokerage firms subordinate to internationally recognized regulators such as the FINMA, FCMC, and JFSA. This broker does not have an offshore jurisdiction, though there are some specifics which traders should be aware of.
WELTRADE makes impression of ideal broker. Is it true?
WELTRADE has been operating in the market for 15 years. It works with traders from 180 countries. Judging by reviews, the broker is widely popular with investors from the CIS countries. The WELTRADE website is well-developed and contains useful information. The broker offers favorable trading conditions, bonuses, and campaigns as well as promises the fastest withdrawal of funds. Savvy traders are well aware that brokers are quite good at advertising themselves and making luring offers. However, let us check whether this information contains at least an ounce of truth.
Emporio Trading is world-class company that strives to become market leader but so far, in vain
On the company’s website in the About us section, it is stated that Emporio Trading has "a leading position in the market for more than 7 years. "Even since the introduction of our company to the market, Emporio Trading has been investing in technologies to further bringing in top of the class tools and environment for clients by consistently providing great pricing, reliable trading platform, world class server technologies, ever improving customer servicing and great promotions". It also strives for long-term relationships with clients.
AB Forex Company: what already dead may never die again?
At first sight, it seems that AB Forex Company, a dealing center, has left the market forever. In fact, the broker is still providing services, and traders from the CIS are trying to work with it. Reviews are really alarming. There are much more comments about the forex broker than information about the company itself. However, all the clients have come to a conclusion that it is a fraudulent company. Let us investigate all the details about the firm.
AccentForex: broker of new generation or limited opportunities?
AccentForex positions itself as a market participant with a mission, proclaims its honesty and transparency, and lures traders with its commitment to provide high-quality services. The official website of the stock broker is full of slogans. Okay, let's check.
AAAFx: broker from Greece. Its offers and disadvantages
AAAFx is not a very popular forex broker. It is really difficult to find it in the list of forex brokers 2021, but there are reviews from traders who risked working with the firm. The comments cause vague impressions. That is why we will examine every fact.
FINEXO not for traders from CIS countries
The FINEXO forex broker lacks stars in the ranking, but feedback shows that traders actually try to cooperate with this dealing center. It is really strange, because it seems that FINEXO does not work with residents from the majority of CIS countries! The company mentions nothing about it on its official website, but we can tell you about it in this review.
OpenFX: does Belarus license keep your money safe?
What draws traders’ attention to OpenFX in the first place is the name of the dealing center itself. The broker mirrors the name of another market player, FxOpen. One may think that this is a coincidence, and no attempt is made to capitalize on the name of a more renowned broker. But is that so? Despite the alphabetical similarity, there are differences in reputation and customer-mindedness.