Extracto:WikiFX released the top 20 largest ad-spending Forex brokers in May, 2019. The restless competition among brokers in a vibrant Forex market has led to a significant change of both brokers and their ranking.
WikiFX released the top 20 largest ad-spending Forex brokers in May, 2019. The restless competition among brokers in a vibrant Forex market has led to a significant change of both brokers and their ranking.
Let' s take a look at the top 20 largest ad-spending brokers list in May, 2019.
FXTM
XM
Pepperstone
FBS
Alpari
easyMarkets
8BX.COM
FP Markets
IC Markets
FXPRO
FXCM
HYCM
CF
AVATRADE
Axitrader
ACY
FOREX.com
MEX Group
GWFX
BCR
Month-on-month growth (with April, 2019) -
easyMarkets up by 8 places
IC Markets up by 6 places
XM up by 4 places
8BX.COM up by 2 places
FP Markets up by 2 places
Month-on-month decline (with April, 2019) -
ACY down by 14 places
MEX Group down by 11 places
CF down by 10 places
FOREX.com down by 6 places
HYCM down by 4 places
New in May -
Pepperstone
FBS
FXPRO
FXCM
AVATRADE
Axitrader
GWFX
BCR
Being out in May -
Rubix FX
GO MARKETS
HFGFX
LION
IFGM
BIBGOLD
TRI
IX Securities
The list shows big changes. Except for FXTM and Alpari which stayed the same place - first and fifth respectively, the rest changed in ranking with some brokers shifting drastically over 2 digits. In addition, 8 brokers in May' s list have been replaced, compared with that in April, indicating a fierce competition of brokers in marketing efforts.
Notably, there are 6 low-rating brokers this month, among which Pepperstone ranks top 5, while ACY and CF remain on the list due to their advertising efforts.
The 6 low-rating brokers are listed below:
Pepperstone, with WikiFX rating 2.64, receives heavy investor complaints.
Pepperstone' s interface from WikiFX App
8BX.COM, with WikiFX rating 1.15, is suspected of license-cloned broker.
8BX.COM' s interface from WikiFX App
IC Markets, with WikiFX rating 3.20, receives heavy investor complaints.
IC Markets' interface from WikiFX App
CF, with WikiFX rating 1.68, is fraudulent broker.
CF' s interface from WikiFX App
Axitrader, with WikiFX rating 2.53, receives heavy customer complaints.
Axitrader' s interface from WikiFX App
ACY, with WikiFX rating 2.17, is fraudulent broker.
ACY' s interface from WikiFX App
Conclusion
The top 20 largest ad-spending brokers list in May changes greatly with many new brokers, reflecting a dynamic Forex market. Meanwhile, investors need to stay alert to low-rating brokers on the list.
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