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Abstract:WikiFX released the top 20 most followed Forex brokers list in May, 2019. April has seen quite a few episodes in the Forex market, such as regulator’ s warning about Forex industry, market exit announcement released by broker and foreign news disclosing fraudulent broker. Let’ s look at how these events have effected investors’ interest on brokers.
WikiFX released the top 20 most followed Forex brokers list in May, 2019. April has seen quite a few episodes in the Forex market, such as regulator' s warning about Forex industry, market exit announcement released by broker and foreign news disclosing fraudulent broker. Let' s look at how these events have effected investors' interest on brokers.
Here' s the top 20 most followed Forex brokers list in May from WikiFX:
OANDA
FXCM
FOREX.com
PTFX
EightCap
GCG ASIA
AVATRADE
FXTM
ATFX
XM
GKFX Prime
USGFX
Exness
KVB
Rubix FX
LION
IG
IC Markets
Saxo
Hantec
Month-on-month growth (with April, 2019):
OANDA up by 1 place
FXCM up by 1 place
PTFX up by 1 place
EightCap up by 1 place
USGFX up by 1 place
Month-on-month decline (with April, 2019):
IC Markets down by 8 places
Exness down by 4 places
IG down by 3 places
AVATRADE down by 3 places
FOREX.com down by 2 places
KVB down by 2 places
Hantec down by 2 places
FXTM down by 1 place
ATFX down by 1 place
New in May:
GCG ASIA
XM
GKFX Prime
Rubix FX
LION
Being out in May:
TradeMax
CMCMarkets
Vantage FX
AETOS
Swissquote Bank
Brokers in the first part of the list remain roughly the same as those in April, changing slightly only in places. While high-rating brokers take up the majority, there are exceptions such as the illegal broker PTFX which ranked no. 4 on the list with considerable attention from investors. Meanwhile, illegal broker GCG ASIA attracted more attentions for Bank of China (BOC) Phnom Penh branch' s warning and Indonesian police' s official disclosure for fraud, so being new on the list, the broker ranks 6th this month.
WikiFX App has labeled PTFX and GCG ASIA “Fraudulent Broker” to remind investors to stay away from them.
PTFX' s interface from WikiFX App
GCG ASIA' s interface from WikiFX App
In addition, investors should also keep away from IC Markets, another low-rating broker on the list to avoid potential risk.
IC Markets' interface from WikiFX App
Conclusion
WikiFX reminds investors that the most followed brokers list only reflects investors' interest of the month, so please beware of the low-rating brokers on the list and stay away from them. To better protect your asset and avoid potential risks, make sure you check broker' s compliance through WikiFX App before making an investment.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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