-- Announcement:
Choosing the right Forex broker is the key to a profitable trading. In the foreign market, there is no cap to which a trader can earn, but costs can easily add up.
Traders Union has ranked the Best Forex Brokers of 2023 using its unique scoring system which evaluates the participants in terms of financial performance, reliability, safety record, trading conditions, and quality of customer service.
Press release:
Traders Union assessed 349 Forex brokers worldwide to publish its latest list of the Best Forex Brokers of 2023.
Experts leveraged a number of comparison strategies to answer important questions such as which platforms have the best fee and incentive systems, the list of brokers licensed to operate by top regulators such as the UK Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySec), and which ones have stellar customer reviews.
Top 10 best Forex brokers by Traders Union
After a thorough evaluation, Traders Union experts have released their list of the best Forex brokers of 2023 and their respective TU Overall Score.
- Roboforex - 9.78 overall score
- Pocket Option - 9.71 overall score
- Tickmill - 9.64 overall score
- Exness - 9.57 overall score
- AAFX - 9.50 overall score
- Vantage Markets - 9.43 overall score
- Forex4You - 9.36 overall score
- AMarkets - 9.29 overall score
- XM Group - 9.22 overall score
- OctaFX - 9.15 overall score
Roboforex generated the highest TU Overall Score, bolstered by its low minimum deposit trading requirements, low fees, and an attractive leverage offer of up to 1:2000.
TU Overall Score by Traders Union
Traders Union analysts created the TU Overall Score with the purpose of making the search for safe and secure brokers easier for traders.
The scoring system follows a simple rule. Within a score range of 0.01 to 10.0, the higher the score, the more trustworthy the broker is.
- Brokers that scored 8.0 to 10.0 - are considered the most reliable platforms in the Forex market. TU experts recommend opening and funding an account in these platforms
- Brokers that scored 7.0 to 7.99 - are quite reliable and deserving of trust. TU experts noted these platforms are one level away from being highly trusted
- Brokers that scored 5.0 to 6.99 - are mid-level companies considered mostly reliable. TU experts advise traders to check thoroughly before opening an account
- Brokers that scored 3.0 to 4.99 - come with a considerable level of risk. TU experts recommend analyzing thoroughly before opening an account
- Brokers that scored 2.99 and lower - do not compare well with their well-ranked counterparts. Traders Union do not recommend trading in these platforms
How Traders Union selected the Top 10 best Forex brokers of 2023
Traders Union leveraged 100+ parameters across five basic categories to ensure the ranking’s accuracy.
- Financial and economic status - 38 criterias evaluated financial soundness, including solvency, trade growth or decline, and current economic status of the company
- Reliability - 27 criterias evaluated the level of trust in a broker, reputation since launch, and customer satisfaction
- Level of security funds - 18 criterias assessed safety in the broker’s accounts, including the availability of licenses and regulations
- Trading conditions - 15 criterias assessed compliance of trading conditions with real-world scenario
- Client service - nine criterias checked on the quality of technical and customer support offered by the platform
About Us: Traders Union is a financial portal providing traders and investors with necessary information to make their endeavors in the financial markets profitable. Our mission is to build a space where traders and investors can quickly find information about the best brokerage companies that offer the most beneficial and comfortable working conditions in the financial markets.
Contact Info:
Name: Peter Halt
Email: Send Email
Organization: Traders Union
Phone: +35725060055
Website: https://tradersunion.com/
Release ID: 89108135
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