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    Top 20 Most Followed Forex Brokers in June, 2019

    Abstract:As the first effective date for ASIC’s new rules approaches, many Forex brokers under its regulation have taken countermeasures this month. For instance, some brokers refunded investors and ended their business in China, or some transferred customers to a new regulatory platform. While, some non-regulated brokers used ASIC’s new rules as an excuse to cover up their escapes.
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      As the first effective date for ASIC' s new rules approaches, many Forex brokers under its regulation have taken countermeasures this month. For instance, some brokers refunded investors and ended their business in China, or some transferred customers to a new regulatory platform. While, some non-regulated brokers used ASIC' s new rules as an excuse to cover up their escapes.

      In such a restless time, let' s see how the interest of investors has been affected.

      Here is the top 20 most followed Forex brokers in June, 2019 from WikiFX App.

    外汇天眼发布2019年6月关注排行榜s--EN.jpg

      FXCM

      FOREX.com

      PTFX

      FXTM

      GCG ASIA

      OANDA

      AVATRADE

      XM

      GKFX Prime

      EightCap

      ATFX

      Exness

      USGFX

      KVB

      MIA

      Hantec

      IG

      AUSFOREX

      IC Markets

      Saxo

      Month-on-month growth (with May, 2019):

      FXTM up by 4 places

      Hantec up by 4 places

      XM up by 2 places

      GKFX Prime up by 2 places

      FXCM up by 1 place

      FOREX.com up by 1 place

      PTFX up by 1 place

      GCG ASIA up by 1 place

      Exness up by 1 place

      Month-on-month decline (with May, 2019):

      OANDA down by 5 places

      EightCap down by 5 places

      ATFX down by 2 places

      USGFX down by 1 place

      IC Markets down by 1 place

      Saxo down by 1 place

      New in June:

      MIA

      AUSFOREX

      Being out in June:

      Rubix FX

      LION

      The most followed Forex brokers changed little, compared with that of last month, with only 2 new brokers joining in and the remaining 18 brokers changing slightly in their rankings. Among the 2 new brokers, investors need to watch out for MIA as WikiFX recently received many complaints against the broker from investors, who' s account at MIA blew up overnight. Attempts to reach MIA were unfruitful, as the broker neither answered investors' queries nor fixed the problem of the account, suggesting a high possibility of escape.

      In addition, 3 low-rating brokers including PTFX, GCG ASIA and IC Markets remained on the most followed brokers list in June.

      Information on WikiFX App shows that with a rating 1.44, MIA currently has no valid regulation for its suspected fake licenses including the ASIC license for investment consultation and NFA license for generic financial service. The broker uses non-MT4/5 trading software, indicating substantial risk. Therefore, WikiFX reminds investors to stay away from this heavily-complained illegal broker.

      

    MIA·米治-英.jpg

      MIA' s interface on WikiFX App

      WikiFX has also labeled low-rating brokers PTFX and GCG ASIA as “illegal” to warn investors against them.

    PTFX·普顿-英.jpg

      PTFX' s interface on WikiFX App

    GCG

      GCG ASIA' s interface on WikiFX App

      IC Markets is another low rating broker. Therefore, investors should beware of its potential risk and stay away from it.

    IC

      IC Markets' s interface from WikiFX App

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    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
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