Top 20 Largest Ad-Spending Forex Brokers in April 2019

WikiFX just released April' s top 20 largest ad-spending Forex brokers list, which not only directly indicates the branding and market developing campaign of brokers, but also demonstrate, to some degree, the dynamic of Forex industry. Compared with March, FXTM still tops the list, while brokers that rank second and third has been replaced.

Let' s take a look at WikiFX' s top 20 ad-spending brokers list in April.

On a month-on-month basis, FXTM still tops the list, which indicates it attaches much importance to Forex market. Meanwhile, most brokers rise steadily, while a few brokers drop, among which one broker declines sharply.

Month-on-month growth (with March 2019):

ACY up by 8 places

FP Markets up by 7 places

GO MARKETS up by 3 places

Rubix FX up by 2 places

Alpari up by 2 places

FOREX.com up by 2 places

MEX Group up by 1 place

Month-on-month decline (with March 2019):

LION down by 14 places

HYCM down by 3 places

IC Markets down by 3 places

TRI down by 3 places

HFGFX down by 2 places

XM down by 2 places

New in April:

IFGM

BIBGOLD

IX Securities

Being out in April:

ATFX

CLMFX

Vantage FX

It is noticed that among the four low rating platforms, ACY and CF that rank second and third respectively are labeled as Fraudulent Brokers by WikiFX. The detailed information is below.

ACY - Fraudulent broker with rating 2.16;

CF - Fraudulent broker with rating 1.66;

8 Bitnex - Suspected cloned broker with rating 1.10;

IC Markets - Being complained heavily with rating 3.20.

From the list, We can see almost the same brokers as last month but in different places, indicating the vitality of Forex market and the fierce competition among Forex brokers in market developing.

WikiFX also reminds investors to beware of the 4 low-rating brokers in the list and choose compliant and legal brokers carefully for the safety of your assets.