EXNESS Group, RoboForex and FxGlory Top the Traders Union Forex Rating!
Routine studies conducted by Traders Union analysts in July, again formed the rating of the most popular Forex brokers.
During July, some of the top brokers sharply increased their trading turnover, an das a result they received the highest possible rating. But some companies were still subject to pressure of competitors and lost their positions in the rating.
At the TOP10 of the Traders Union Forex rating, both positive and negative dynamics of brokers' indicators were recorded, as well as outside the first ten of the most popular Forex brokers.
The title of market leader and the first place in the rating table were retained by the EXNESS Group. This company tops the rating for the second month in a row and is not going to give up its positions. Its trading volumes proove internal stability and are steadily growing.
RoboForex took the second step of the rating and plus one position due to its perseverance and attractiveness to new investors. This company is doing everything to create a comfortable investment climate on its website, and its strategy is more than successful.
FxGlory closed the top3 of the market leaders with a one-step decrease, thereby continuing its decline in the rating of Forex brokers. Recall that two months ago this company received a well-deserved favorite status and the first level of rating. Currently it slowed down, and it affected the rating.
FBS managed to keep the fourth position. According to the last reported period, it made a powerful leap and rose two positions closer to the top of the rating. Now the company continues to increase trading volumes, but so far it is not enough to get higher in the rating.
XM Group was able to attract new active traders, which helped it increase its turnover and improve its rating by 2 positions. Thus, the XM Group rose from the seventh to the fifth place.
With the advent of new players, FXPRIMUS could not resist and ceded its place to a stronger rival. According to the results of July, it took the sixth place of the rating, despite the increase in positions in the previous month.
NordFX became the record holder for growth in trade turnover and positions in the rating in July. It managed to show the maximum growth of all indicators, thanks to which it overcame as many as 16 positions in the rating table and consolidated in the seventh place.
The last three brokers showed a decrease in internal indicators, as well as positions in the Traders Union Forex rating.
IC Markets left the sixth place and with a minus two steps stopped the decline in the eighth position. This was due to the fact that last month IC Markets made a too sharp jump in the rating, having received several positions as a bonus. In July, its indicators stabilized and it got a really deserved place.
Unlike its neighbor from above, FxPro almost kept trading volumes at the same level, but fell by one position in the rating table. This decline is connected solely to the pressure of competitors and next month FxPro should stabilize its statistics.
The same situation was recorded at AvaTrade, which has undergone a general downward trend due to rival activity. But despite this, the company managed to stay in the top ten Forex brokers and close it in tenth place of the rating.
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 - Traders Union.