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

    Resumen:Many illegal brokers are taking advantage of the relatively slack offshore regulation environment to engage in their unscrupulous practices. Investors should be very careful in choosing offshore brokers and verify the broker’s compliance and regulatory status before your investment.
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      WikiFX recently released the 20 largest ad-spending brokers in September, 2019.

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      First, lets look at the regulated brokers with largest ad-spending this month.

      Forex brokers XM, with WikiFX rating 9.24, and FXTM, rated at 8.55, both enjoyed high rankings on the list, with XM topping the list for 3 months in a row. As a world-renowned forex broker, XM received countless awards during its 10 years in business, offering forex, CFD, stock indices, crude oil and gold trading to investors. Earlier this year, WikiFX team had visited XMs headquarter in Cyprus and confirmed its real address corresponds to the address of regulatory information. Investors may entrust their assets to this reliable broker.

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    XMs rating on the WikiFX App

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    FXTMs rating the on WikiFX

      In addition, several brokers including FBS, AVATRADE, FXPRO, MARKETS, Tickmill, FOREX.com and GO MARKETS all saw their rankings went up, indicating their increased advertising spending to secure a place on the market in the fierce competition.

      Besides high-rating brokers, many dangerous brokers also entered the top ad-spending list.

      IC Market which received heavy complaints last month continues to make large marketing investment, while WikiFX has got 46 investors complaints against the broker about margin closeout, serious slippage and blocking withdrawals in the past 3 months. Another heavily complained broker is Pepperstone, which fell out of the list last month yet returned in September as a top 10 ad-spender with renewed marketing efforts.

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    IC Markets received 46 investor complaints

      Other 2 risky brokers BULLTRADERS and Q8 Trade are both offshore brokers without valid regulation at the moment. Q8 was registered in Kuwait and BULLTRADERS was registered in Saint Vincent and the Grenadines. Investors should note that unlike full regulation, offshore regulation only needs brokers to provide a fiscal report and documents proving the companys financial status, and the requirements are generally loose. Meanwhile, many areas offering offshore regulation also charge lower corporate income tax. Per investigation, Q8 Trade is rated at 1.07 on WikiFX App and ranked no.18 on the ad-spending list, followed by BULLTRADERS which is rated at 1.25 on WikiFX App. Investors need to watch out for such illegal brokers.

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    Q8 Trades rating on the WikiFX App

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    BULLTRADERS rating on the WikiFX App

      Conclusion

      Many illegal brokers are taking advantage of the relatively slack offshore regulation environment to engage in their unscrupulous practices. Investors should be very careful in choosing offshore brokers and verify the broker‘s compliance and regulatory status before your investment. If you’re not sure about a broker, you may easily look it up on WikiFX App by inserting the brokers name. WikiFX will continue to weed out illegal forex brokers to create investors a better and safer environment.

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    United States Dollar

    • United Arab Emirates Dirham
    • 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
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand
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    Advertencia de riesgo

    Los datos de WikiFX provienen de datos oficiales de los organismos de supervisión de divisas, por ejemplo, la FCA británica, el ASIC australiano, etc., los contenidos publicados también se basan en la imparcialidad, objetividad y búsqueda de la verdad a partir de los hechos, las tarifas de gris, como las tarifas de relaciones públicas, de publicidad, de ranking y de limpieza de datos no se cargan a la plataforma de intercambio de divisas. WikiFX hará todo lo posible para mantener la coherencia y sincronización de nuestros datos con fuentes de datos autorizadas, como los organismos de supervisión, pero no promete ser coherente y sincronizada con ellos en tiempo real.

    En vista de las complejidades de la industria de divisas, no se excluye que los comerciantes individuales de divisas obtengan el registro legal de los organismos de supervisión a través del engaño. Si los datos publicados por WikiFX son inconsistentes con la situación actual, envíenosla a través de las funciones "Quejas" y "Corrección" de WikiFX de divisas, lo revisaremos y verificaremos a tiempo y anunciaremos los resultados relevantes.

    El contrato de divisas, metales preciosos y diferencia de valor (transación fuera del sitio) es producto apalancado que presentan un alto nivel de riesgo, y pueden resultar en la pérdida de su capital de inversión, por favor invierta racionalmente.

    En particular, la información que aparece en WikiFX es solo para referencia, y no constituye un consejo de inversión. La plataforma de divisas es seleccionada por el cliente por sí mismo, el riesgo que conlleva la operación de la plataforma no está relacionado con el WikiFX, y el cliente tiene que asumir las consecuencias y responsabilidades relevantes por sí mismo.

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