Traders Union Names RoboForex the Best Forex Broker of 2023
In a recent update, Traders Union has unveiled its highly anticipated ranking of the Best Forex Brokers for 2023, continuing its tradition of providing valuable information to traders.
Traders Union’s commitment to its goal of keeping traders updated with the latest market information is evident in its comprehensive evaluation of numerous market players using the TU Methodology.
The platform evaluated 349 Forex brokers in the world, using a set of standards that looked into every participant’s financial and economic performance, level of client satisfaction, level of security of funds, compliance with regulations, trading conditions, and client service quality.
Experts used various comparison strategies to address critical questions, including identifying platforms with superior fee and incentive structures, compiling a list of brokers authorized by leading regulators like the UK Financial Conduct Authority (FCA), and assessing brokers with exceptional customer reviews.
RoboForex is Traders Union’s best Forex broker of 2023, with an impressive overall score of 9.78. Pocket Option followed closely at 9.71 alongside Tickmill in third place with an overall score of 9.64.
Exness ranked fourth with a score of 9.57, while AAFX, Vantage Markets, and Forex4You generated overall scores of 9.50, 9.43, and 9.36, respectively. The list concludes with AMarkets at 9.29, XM Group at 9.22, and OctaFX in tenth place, with a 9.15 rating.
Traders Union’s scoring system operates on a straightforward principle: a higher score signifies a more reliable broker. Brokers with scores between 8.0 to 10.0 are considered the most trustworthy in the Forex market, with Traders Union experts recommending them for account opening and funding.
Those under the 7.0 to 7.99 score are considered quite reliable, standing one level away from being highly trusted. Brokers scoring 5.0 to 6.99 are classified as mid-level companies, while those scoring 3.0 to 4.99 come with a substantial level of risk. Brokers scoring 2.99 and below are not recommended by Traders Union.
RoboForex, securing the top position with a TU Overall Score of 9.78, is highly recommended by analysts. It offers attractive features such as generous affiliate payouts, a beginner-friendly minimum deposit requirement, and substantial leverage. Operating under the regulation of the International Financial Services Commission ensures a secure trading environment for its clients.
Traders Union’s meticulous selection of the top 10 Forex brokers for 2023 involved the assessment of over 100 parameters across five fundamental categories to ensure the accuracy and integrity of the rankings.
Since its founding in 2010, Traders Union has an exceptional track record for providing unbiased and complete reviews of brokers to make traders’ investment endeavors more profitable.
TU experts help traders save money and time by readily ranking reliable brokers, eliminating an investor’s need to painstakingly look into every market player, and research about their backgrounds and reliability records.