WikiFX's Top 10 Forex Brokers In the Forex Market (2024)

WikiFX has been offering accurate information to its users and traders for quite some time, guiding them in the proper route. The WikiFX App determines if a certain broker is licensed or unregulated. Aside from the broker's validity, the WikiFX App might be useful in terms of the newest broker news, market news, and the most common concerns experienced by their traders throughout the world. Users may quickly examine using just one app thanks to the WikiFX App. WikiFX provides a number of features that are extremely useful to traders, such as its forex trading tools, understanding a broker's trading speed, and broker rating. WikiFX ranks brokers to assess their current standing.

WikiFX will provide a score to each broker based on the following criteria:

Index of Licenses: The WikiFX legal team conducts a full review of the legitimacy and worth of the broker's license via different methods, such as queries on the regulatory authority's website and telephone and mail correspondence with the regulatory authorities.

Business Index: The WikiFX Corporate Consultant and the Global Eye System use the Operation Compliance Verification Model, the Business Sustainability Assessment Model, and the Business Lifecycle Verification Model to conduct a systematic examination of the complete level of the broker's business.

Risk Management index: A systematic review of real-time monitoring of over 40 criteria by the WikiFX risk management team and the WikiFX cloud system, including the broker's command execution index, client capital static index, worldwide public opinion index, liquidity index, and credit index.

Software Index: WikiFX data engineers and test engineers conducted a thorough review of the dynamic tracking test and technology of more than 20 indicators, including the authenticity of the software and software security, stability, and order execution speed.

Regulatory Index: The WikiFX compliance and audit team uses regulatory grading standards, regulatory actual values, regulatory utility models, and regulatory abnormality prediction algorithms to provide a quantitative evaluation of the degree of broker regulation.

Here are the WikiFX's top forex brokers:

Rakuten Securities is a forex and CFD broker located in Australia that was formed in 1999.Rakuten Securities is regarded as secure since it is governed by the top-tier Australian Securities and Investments Commission (ASIC), has a lengthy track record, and is backed by a powerful parent business.

Trading Point Holding, a multinational CFD and FX broker created in 2009, is the parent business of XM.XM is offered worldwide and is governed by three financial regulators: the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), and the Belize Financial Services Commission (FSC).

IC Markets is a multinational forex broker situated in Australia that was launched in 2007. The Cyprus Securities and Exchange Commission (CySEC), the Seychelles Financial Supervisory Authority (FSA), and the Australian Securities and Investments Commission all supervise the corporation, which has multiple branches (ASIC).

Go Markets is a multinational FX and CFD broker that was formed in 2006 in Australia. GO Markets is governed by the Australian Securities and Investments Commission (ASIC), the Cypriot CySEC, and the financial authorities of Mauritius and Seychelles. ASIC is considered a top-tier regulator, although the other three are not. The services provided by the broker varies differently based on the legal body to which you belong. We tested the CySEC-regulated organization in our evaluation, but we also highlighted key facts for the other units.

TMGM, or Trademax Worldwide Markets, is a global forex broker located in Australia that was created in 2013. The Australian Securities and Investment Commission (ASIC), the New Zealand Financial Markets Authority (FMA), and the Vanuatu Financial Services Commission all govern the corporation, which has multiple branches (VFSC).

On the other hand the WikiFX's top worst forex brokers:

24FX

24fx is a scam broker; they basically trick people into putting real money in, and if you lose it, they just keep making up bonus programs to give you a chance to earn it back.

ALFATRADE

AlfaTrade, which was established in 2010, is a Forex broker owned by Alfa Trade (UK) Ltd. It is based in London, UK, and is approved and regulated by the FCA (Financial Conduct Authority). Traders may choose from over 200 Forex and currency pairings, commodities including oil, gold, and silver, big and small indexes, and stocks.

ACFX

Atlas Capital's ACFX brand provides a comprehensive range of goods and services, including trading execution and STP solutions for trading on the Metatrader 4 platform. ACFX provides trading accounts for beginner forex traders, allowing them to experience the thrill of the forex market for as little as $50.

770CAPITAL

Investors have nothing pleasant to say about the fraudulent broker, according to the reviews. Traders mostly complain about the broker in terms of withdrawal troubles, confusing trading terms and conditions, false material on the website, and so on. Clients have reported a number of complaints, citing the number of concerns. Furthermore, the negative reviews and poor star ratings suggest that the broker does not meet the investors' expectations.

ADAMANT

Adamant Finance, launched in 2008, is a worldwide online financial trading platform and multi asset broker.After 14 years, Adamant Finance has expanded to provide individual investors with Forex trading, social trading, and share dealing trading.Adamant Finance is a multinational brokerage firm. Adamant Finance's headquarters are in Saint Vincent and the Grenadines.It might take a long time to locate a broker that suits your demands while investing in the financial markets.In this Adamant Finance review, we will go deep and examine how effectively the Adamant Finance platform operates as an international multiple financial asset trading platform for traders in 2022.

About WikiFX

WikiFX is a platform for searching worldwide company financial information. Its primary duty is to search for basic information, regulatory licenses, credit assessment, platform identification, and other services for the participating foreign currency trading firms.

WikiFX has over 37,0000 brokers and 30 financial regulators listed. Due to the forex trading has become the greatest alternative to everyone to generate money, scam broker are also circulating acros the forex industry. This is why WikiFX was developed. WikiFX provides several benefits to traders who have been victims of unlawful activity by scam brokers. WikiFX may aid traders in resolving their disputes. You may contact the WikiFX Right Protection Team to get their issue rectified.

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