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

Abstract: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.
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  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.

英.jpg

  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·激石-英.jpg

  Pepperstone' s interface from WikiFX App

  8BX.COM, with WikiFX rating 1.15, is suspected of license-cloned broker.

8BX.COM宝星环球投资-英.jpg

  8BX.COM' s interface from WikiFX App

  IC Markets, with WikiFX rating 3.20, receives heavy investor complaints.

IC-英.jpg

  IC Markets' interface from WikiFX App

  CF, with WikiFX rating 1.68, is fraudulent broker.

CF·创富国际-英.jpg

  CF' s interface from WikiFX App

  Axitrader, with WikiFX rating 2.53, receives heavy customer complaints.

Axitrader-英.jpg

  Axitrader' s interface from WikiFX App

  ACY, with WikiFX rating 2.17, is fraudulent broker.

ACY-英.jpg

  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.

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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