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Top 20 Most Followed Forex Brokers in May, 2019

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, delisting announcement released by broker and foreign news disclosing fraudulent broker. Let’ s look at how these events have effected investors’ interest on brokers.
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  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, delisting 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:

  

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  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.jpg

  PTFX' s interface from WikiFX App

GCG.jpg

  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.jpg

  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.

Brokers related in the article

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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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