CMC Markets is a global financial services provider that offers online trading in a range of asset classes, including forex, indices, commodities, and shares. The company was founded in 1989 and has since grown to become one of the world’s leading online trading platforms, with a presence in over 20 countries. CMC Markets’ proprietary trading platform, Next Generation, is known for its advanced features and user-friendly interface, and the company is widely regarded as a trusted and reputable broker.
Alpari is a forex and CFD broker that was founded in 1998 and is based in Mauritius. The broker operates in several countries around the world and has a solid reputation in the industry. Its range of account types and trading platforms make it suitable for traders of different experience levels and trading styles.
Fineco Bank is a well-regulated online broker founded in 1999 in Italy. The broker offers a comprehensive range of financial products and services, including forex, CFDs, stocks, bonds, and more. Fineco’s trading platforms are user-friendly, reliable, and feature-rich, with advanced charting tools, customizable layouts, and a range of order types.
One of Fineco’s key selling points is its competitive fee structure, with low trading fees and no hidden charges. The broker also offers a range of educational resources and research tools to help traders make informed trading decisions.
FlowBank is a Swiss-based online broker that offers trading services for forex, commodities, stocks, and cryptocurrencies. The broker offers a range of trading platforms, including the popular MetaTrader 4, as well as its proprietary FlowOne platform. FlowBank’s trading conditions include competitive spreads, low commissions, and no minimum deposit requirements. The broker is regulated by the Swiss Financial Market Supervisory Authority (FINMA), providing clients with a high level of security and protection. Additionally, FlowBank offers a range of educational resources and customer support services to assist traders of all levels.
With servers in London (Equinix LD5) and New York (Equinix NY4), IC Markets has established itself as an agency broker for high-frequency algorithmic traders and scalpers who need quick execution and low latency. In March 2021, the monthly trading volume of IC Markets, which was established in 2007, reached $1 trillion.
The affordable pricing and scalable execution of IC Markets make it a great choice for algorithmic traders. Although it supports a wide variety of third-party plugins and tools, IC Markets’ research and educational offerings fall short of those provided by leaders in the field.
GTTC Trade is a forex and CFD broker that offers online trading services to clients worldwide. The broker was founded in 2018 and is headquartered in St. Vincent and the Grenadines. GTTC Trade provides its clients with access to a range of financial instruments, including forex currency pairs, cryptocurrencies, commodities, and indices.
The broker states on its website that it takes measures to ensure the security of its clients’ funds, including the use of secure server connections and advanced encryption technology. Let us examine if it is true.
TD Ameritrade is a leading brokerage firm in the United States that offers a wide range of financial services, including forex trading. The firm is known for its powerful trading platform, thinkorswim, which provides advanced charting capabilities, customizable layouts, and comprehensive research and educational resources. TD Ameritrade is also trusted by over 11 million clients and is regulated in multiple tier-1 jurisdictions. In October 2020, TD Ameritrade became part of the Charles Schwab Corporation, which has further strengthened its position in the financial industry.
FBS is an online forex and CFD broker that was founded in 2009. The company is headquartered in Belize and has offices in several other countries, including China, Indonesia, and Malaysia. FBS offers a range of trading instruments and account types, as well as 24/7 customer support and educational resources.
Forex.com was founded in 1999 and is a GAIN Capital brand operating under the parent company StoneX Group (NASDAQ: SNEX). StoneX Group is a Fortune 500 company and a member of the National Futures Association (NFA) in the U.S. As of August 2021, StoneX holds $10.9B in assets with $198M in excess regulatory capital. Gain Capital, through its trading names and subsidiaries, including the City Index brand, operates in multiple countries and holds licenses in several major regulatory hubs, including the U.S., U.K., Canada, Japan, and Australia.
It’s worth noting that GAIN Capital, through its retail trading brand Forex.com, executed an average daily volume of $8.1 billion for its retail clients in 2020 alone. This highlights the significant trading activity that takes place through the broker’s platform. As an early pioneer in offering online forex trading in the U.S., Forex.com remains one of the largest retail FX brokers globally. As of 2020, the broker reported over $3.9 billion in customer equity, which demonstrates the trust and confidence that traders have in the company.
Blammo Ltd is a financial services company that offers a range of financial products and services, including forex and CFD trading, asset management, investment advice, and wealth management. However, it is important to note that Blammo is not a regulated forex broker, which may be a concern for traders who prioritize regulatory oversight and protections. Broker Blammo is positioning itself as a new digital asset bank, founded in February 2019, which offers simple and affordable crypto-financial products to investors all over the world. The company hides exact details about its actual physical office or founders.
While Blammo’s website is professional and informative, there is limited information available about the company’s history, ownership, and management. This lack of transparency may raise questions for potential clients about the legitimacy and credibility of the firm.
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