Traders Union has released an updated ranking of the world’s best Forex brokers in 2023. It publishes an updated list every month featured on its website and other media platforms.
Foreign exchange trading, commonly known as Forex or FX, involves buying and selling of national currencies with the goal of making a profit. The Forex market is open 24 hours a day from Monday to Friday, and trades are executed over-the-counter (OTC) without a physical exchange.
Press release details:
Traders Union regularly updates its Forex brokers ranking to give traders access to up-to-date information critical to their investment decisions.
TU analysts have recently delivered their verdict on the World Best Forex Brokers in 2023. Traders Union experts analyzed hundreds of market players using the comprehensive TU Methodology which is based on international standards.
How the world best Forex brokers are selected
Alongside its mission to create a space where investors can access relevant information for more profitable trading, Traders Union uses a unique methodology to come up with an accurate ranking of the best Forex brokers in the market every period.
Here are the primary factors considered in the evaluation of companies:
- Financial/economic status of the company;
- Client satisfaction;
- Level of security funds in the broker’s accounts;
- License and compliance to regulations;
- Trading conditions;
- Client service
World best Forex brokers in 2023 by Traders Union
Here are the Top 10 World Best Brokers according to Traders Union analysts:
- Pocket Option
- XM Group
- IC Markets
RoboForex topped the list of the world’s best Forex brokers based on the Traders Union experts’ methodology. The company secured a TU Overall Score of 9.78 out of 10, meaning financial analysts would open and fund an account with the broker without hesitation.
The platform offers the most lucrative affiliate payouts of up to 84% per referral, a low minimum deposit requirement at $10 suitable for beginner traders, and a 1:2000 leverage.
Additionally, RoboForex is regulated by the International Financial Services Commission.
Read More: Traders Union released the updated World Best Forex Brokers 2023 list