Top 20 Largest Ad-spending Forex Brokers in November, 2019

Recently, WikiFX released the list of top 20 largest ad-spending brokers in November, 2019. Lets take a look.

First of all, let‘s look at the largest ad-spenders among compliant brokers. XM(WikiFX rating 9.25) and FXTM(WikiFX rating 8.56) ranked first and second on the list respectively. XM, the No.1 ad-spender for many months in a row, has won countless honors during a decade of business operation. As a world-renowned trading platform, the company allows investors to trade a wide range of commodities including forex, CFD, stock indices, oil and gold. Earlier this year, WikiFX team visited XM’s headquarter in Cyprus and confirmed that the companys office address matches that from the regulatory information. Investors may safely choose this reputable broker.

Meanwhile, several other brokers have seen their rankings go up, including Alpari, EightCap, HYCM,FP Markets, FOREX.com, Tickmill and WeTrade, suggesting the efforts these brokers have put into advertising.

Advertisement campaign is a generally effective strategy commonly adapted by businesses to increase their brand awareness. However, illegal brokers like BTCC Global are also trying to lure more investors into their traps by increasing spending on misleading advertisement campaign. Investors need to watch out for these brokers and be extremely careful when making investment.

Meanwhile, rankings of illegal brokers like FBS, IC Markets and 8BX.COM have all declined compared with last month. These brokers have a series of problems such as holding suspected-cloned licenses, operating without valid license or receiving heavy complaints from investors, and even the large advertisement spending they‘ve made can’t cover up their illicit practices or change their non-compliant status.

Conclusion

As a leading forex media, WikiFX has recorded information of over 14,000 forex brokers. Should you have any questions or doubts about any broker, you may conveniently look it up on WikiFX App to get detailed information about the broker. If you have suffered financial losses from broker scams, you may contact WikiFX customer service and we will try our best to help you recover the lost funds.