Abstract:With forex brokers mushrooming throughout the globe at an overwhelming rate, would you like to know which are the most popular FX brokers based on WikiFX’s database? Keep reading to find out more.
It is advisable to choose an established and reputable forex broker for your trading journey. This is to greatly reduce the chances of falling into the traps of scammers or fraudsters. With that being said, when a forex broker appears to be “popular”, it does not always mean that it is guaranteed to be trustworthy.
When choosing a forex broker, WikiFX strictly advises our users to download our free mobile app or visit www.wikifx.com, and look for forex brokers with these traits:
(1) has obtained a WikiScore of at least 7 and above
(2) is established for a certain period of time, not just 1-2 years
(3) is regulated by at least 1 authority body
(4) holds at least 1 valid license
(5) preferably to have a legitimate business premise which was verified by WikiFXs field survey team
Number 1:
FXTM is one of the leaders in the industry that offers trading of foreign currencies, precious metals, commodities, futures, indices, and more.
Visit FXTMs WikiFX profile here: https://www.wikifx.com/en/dealer/3351410785.html
Number 2:
Rallyville Markets from Sydney (Australia) provides over 120 trading instruments on MT4.
Visit Rallyville Markets WikiFX profile here: https://www.wikifx.com/en/dealer/6560455512.html
Number 3:
TMGM is another broker from Australia that offers trading on MT4, MT5, and IRESS platforms.
Visit TMGMs WikiFX profile here: https://www.wikifx.com/en/dealer/7101709423.html
The revenue of FXCM UK for 2021 was $13.6 million, a 12% decrease from $15.4 million in 2020. The company's net profit for the year decreased from $4.9 million in 2020 to only $227,982 in 2021, just over breakeven.
According to Rakuten Group, the establishment of Rakuten Securities Holdings, Inc. and the reorganization of the securities firm were completed as planned.
DtpFx Ltd is a forex scam warned by FCA recently. However, it hasn't stopped its steps to scamming after being warned.
Although digital currencies have been around for over a decade, the concept is still foreign to many.