EXNESS Group, FxGlory and RoboForex remain Forex leaders!
The IAFT analytical department conducted routine monitoring of the activities of brokerage companies based on the results of the last reporting period, which became the basis for the current update of the IAFT Forex Rating.
According to the results of August a steady increase in competitiveness was observed in the ranks of top brokers, which was due to a positive increase in basic indicators - an increase in the client base trade turnover and the income of companies in general.
The forex market leaders were companies: EXNESS Group, FxGlory and RoboForex - they formed the first three of the IAFT brokers rating.
EXNESS Group managed to hold onto the position of the market leader, which retains this title for the third month in a row. The EXNESS Group team continues to implement innovations and loyalty programs, which attracts new active traders to this company.
In the second position of the rating with a plus of one step FxGlory is placed, which by the end of August surpassed its main rival - the company RoboForex. The trading activity of clients helped FxGlory obtain the status of vice-leader of the Forex market.
At the third stage RoboForex stopped. She ceded her place to FxGlory. Despite this RoboForex kept the pace at the same level. She can rightly be considered a top broker who has a good reputation and a large customer base.
With a record increase in positions in the ranking, PaxForex was placed in 4th place. This company was able to overcome 23 positions in one jump, which was an exceptional record in the August Forex rating.
With stable results in the 5th position the placement of the XM Group continued. She maintained her trade turnover at the same level and got her well-deserved place on the border of the TOP5 rating.
Libertex climbed to 6th place with a large increase. She clearly claimed a record for an increase in positions in the rating table, but despite the outstanding performance she still could not get ahead of PaxForex. As a result of August Libertex stepped over 19 levels of rating.
The seventh place went to FxPro digging, which increased the trading turnover and rose two steps closer to the top of the rating. Despite the decline last month FxPro was able to restore the growth of key indicators and improve its position in the Forex rating.
The following two positions went to brokers who could not resist the pressure of competitors and lost position. So at the 8th stage NordFX was placed with a minus of one step and at 9th place it stopped the decline in FBS, which lost as many as five positions.
The 10th place in the Forex rating went to Pepperstone companies. She stepped one step up and closed the top ten most sought-after brokers located on the TOP-10 border.
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.