Most novice Forex traders really believe that most brokers and dealing centers - the words mean the same. This confusion largely contributes to the tradition of dealing centers that call themselves brokers, sometimes without much hesitation calling themselves as "the leading brokers in the "Forex Markets"

In fact, according to professional traders at Masterforex-V World Academy, the difference between brokers and dealing centers exist, and it is enormous. To understand these two concepts we will take a look at the differentiation.

Broker – is a legal entity, a mediator who has the right to trade on the stock market on behalf of the client's expense . Previously broker was very easy to recognize, it is enough to ask: what do you trade exchange (MICEX, RTS, SP 500, and others) . As the off-exchange forex market, brokers get quotes from Prime brokers by sending them directly to a collection of open transactions of its customers. As explained by Masterforex-V World Academy The President of brokerage house "forex trend" (ForexTrend) Oleg Polishevich their brokerage company acts as a "pipe", continuously 24 hours a day sending quotes and orders from the client to the Prime Broker and back.

     Broker earns his profits by receiving commissions from each customer’s trading transaction, whether they are opening or closing a position.

     Accordingly, the forex broker is always calculating their trader. Details are in the chapter "How to check the reliability of the broker with whom you are going to work"

     In the international forex broker rating of Masterforex-V World Academy priori-recommended brokers and dealing centers which includes representatives league – from more than 20 brokerage firms that have passed a rigorous selection to 18, independent of each evaluation criteria (year of education, licenses brokers, number of branches, spread, international and national awards, positive and negative feedback traders , etc.). To date, the list of recommended Forex brokers as follows:

FIBO Group

Nord FX

ICM Brokers


ForexTrend (Forex Trend)

Dukascopy Bank SA

EXNESS (Eksness)

Finam (Finam)


Saxo Bank (Saxo Bank)

OANDA (Oanda)

TeleTrade (Teletrade)

Alpari (Alpari)



Grand Capital


Admiral Markets


FxPro Group Lt.




Forex Club (Forex club)

Over a period of time, the coveted top league ranking forex brokers at Masterforex-V Academy have a chance to get to the leader of the 2nd tier forex brokers, not to gain far enough points (out of a lack of serious brokerage licenses, because of the large number of negative reviews of traders, weak PR in the media, etc.). They are:


Varengold Bank FX

GCI Financial Ltd

United World Capital

CJSC "Nefteprombank"



InstaForex (Instaforex)

FOREXYARD and other


What you need to know and consider when choosing a broker and how to check its reliability?

  • jurisdiction of the contract;
  • Who regulates the activities of the company - a license;
  • life company in the market, its reputation;
  • trading conditions (currency pairs, spread, swap, commissions);
  • used by the trading platform;
  • conditions replenish deposit and withdrawal;
  • have regional offices;
  • lack of negative reviews on the independent Internet portals;
  • the company's position in the independent rankings of brokers.

Much important, seek independent advice of the expert.

Always be serious about choosing a broker.