Top 20 Largest Ad-spending Forex Brokers in May, 2019

WikiFX released the top 20 largest ad-spending Forex brokers in May, 2019. The restless competition among brokers in a vibrant Forex market has led to a significant change of both brokers and their ranking.

Let' s take a look at the top 20 largest ad-spending brokers list in May, 2019.

FXTM

XM

Pepperstone

FBS

Alpari

easyMarkets

8BX.COM

FP Markets

IC Markets

FXPRO

FXCM

HYCM

CF

AVATRADE

Axitrader

ACY

FOREX.com

MEX Group

GWFX

BCR

Month-on-month growth (with April, 2019) -

easyMarkets up by 8 places

IC Markets up by 6 places

XM up by 4 places

8BX.COM up by 2 places

FP Markets up by 2 places

Month-on-month decline (with April, 2019) -

ACY down by 14 places

MEX Group down by 11 places

CF down by 10 places

FOREX.com down by 6 places

HYCM down by 4 places

New in May -

Pepperstone

FBS

FXPRO

FXCM

AVATRADE

Axitrader

GWFX

BCR

Being out in May -

Rubix FX

GO MARKETS

HFGFX

LION

IFGM

BIBGOLD

TRI

IX Securities

The list shows big changes. Except for FXTM and Alpari which stayed the same place - first and fifth respectively, the rest changed in ranking with some brokers shifting drastically over 2 digits. In addition, 8 brokers in May' s list have been replaced, compared with that in April, indicating a fierce competition of brokers in marketing efforts.

Notably, there are 6 low-rating brokers this month, among which Pepperstone ranks top 5, while ACY and CF remain on the list due to their advertising efforts.

The 6 low-rating brokers are listed below:

Pepperstone, with WikiFX rating 2.64, receives heavy investor complaints.

Pepperstone' s interface from WikiFX App

8BX.COM, with WikiFX rating 1.15, is suspected of license-cloned broker.

8BX.COM' s interface from WikiFX App

IC Markets, with WikiFX rating 3.20, receives heavy investor complaints.

IC Markets' interface from WikiFX App

CF, with WikiFX rating 1.68, is fraudulent broker.

CF' s interface from WikiFX App

Axitrader, with WikiFX rating 2.53, receives heavy customer complaints.

Axitrader' s interface from WikiFX App

ACY, with WikiFX rating 2.17, is fraudulent broker.

ACY' s interface from WikiFX App

Conclusion

The top 20 largest ad-spending brokers list in May changes greatly with many new brokers, reflecting a dynamic Forex market. Meanwhile, investors need to stay alert to low-rating brokers on the list.