XM is a New Leader of IAFT Rating of Forex Brokers
According to the results of August, the IAFT rating of Forex brokers underwent significant changes both among top companies and the ones in the middle of the list. Many brokerage companies showed fair growth of indicators and did their best to provide their customers with better trading conditions.
This month XM Group hit the top of the rating, as it managed to gain as many as four positions. The broker easily took the leading position thanks to the increase in its trading statistics, as well as to the fact that many traders chose the company for its excellent trading conditions.
EXNESS brokerage managed to take the second position of the rating despite attempts of its competitors that demonstrated mostly positive trading dynamics. According to the results of August EXNESS can boast consistently high indicators and it is likely to keep up with the trend in the future.
FxGlory brokerage moved to third place, losing one position in the rating. If the company does not find a way to change its approach to business, it risks leaving the top three in the near future.
The fourth place is taken by AvaTrade, which managed to gain as many as three positions in the rating. This company has long established itself as a reliable trading partner, which provides its customers with good opportunities for profit.
TOP 5 rating is closed with FxPro that gained two positions. It is one of top brokers in the Forex market and in the future, while maintaining a positive trading dynamics, it has every chance to hit the top three.
Despite all attempts to improve its position InstaForex managed to take only the 6th position in the rating. The broker has chances, because last month the company improved its results by two positions.
Leader of the last month RoboForex managed to take only the 7th position. We do not know exactly what the decline is due to, but for sure the company will be able to catch up and next month will show a much better result.
FxPrimus brokerage company managed to win back as many as 15 positions. The company showed a phenomenal result and took the 8th place in the rating. The broker, though not as popular as its more eminent competitors, has already seriously stated about his intentions to compete for leadership.
PaxForex is another newcomer to the August rating of brokers. The company overcame 5 levels of the rating and took the 9th place. Time will show how stable this broker is.
TOP 10 is closed by FXCC, which has improved its statistics by four positions and intends to move on.
HQBroker managed to retain the 11th place. In the light of rapid ups and downs of top 10 companies, such stability can be treated as an advantage, but in the future, the broker should make every effort to stay in the rating.
FBS gave up one position to HQBroker and took the 12th place in IAFT rating of forex brokers. Thus, the chances of the broker leaving the rating increased, and the company's management should consider how to improve the business strategy of FBS.
Forex4You faced an unexpected decline in the rating and managed to take only the 13th position. Like Roboforex, this broker has all the necessary capacity to improve its result and join at least TOP5 next month.
Decline by one position was shown by FXOptimax broker which eventually took the 14th place.
NordFX closes TOP15 brokers. The company took this position last month as well, and failed to improve its statistics.
16 and 17 positions were taken by IC Markets and Pepperstone respectively. Both companies improved their results, but they were not enough to dislodge NordFX and enter the TOP15.
JustForex got the 18th place in the rating. The company could not resist the onslaught of competitors, but is still within the top 20 best-rated brokers.
Weltrade and FiboGroup close TOP20 at 19 and 20 positions respectively. Both companies showed good trading dynamics throughout the month and managed to hit the bottom positions of top twenty brokers.
Studies on which the rating was built were conducted based on analysis of trade indicators of the largest community of Forex traders in the world - IAFT.