Top 20 Largest Ad-spending Forex Brokers Worldwide in June 2019

WikiFX released the top 20 largest ad-spending Forex brokers list in June, which directly shows the brokers' marketing efforts and activities on the Forex market.

The following 20 brokers made the largest ad spending globally in June, 2019:

FXTM

XM

Alpari

Pepperstone

FBS

8BX.COM

EightCap

easyMarkets

CF

AVATRADE

FXCM

FOREX.com

FP Markets

Axitrader

IC Markets

HYCM

HFGFX

GO MARKETS

FXPRO

Swissquote

Month-on-month growth(with May, 2019):

FOREX.com up by 5 places

CF up by 4 places

AVATRADE up by 4 places

Alpari up by 2 places

8BX.COM up by 1 place

Axitrader up by 1 place

Month-on-month decline(with May, 2019)：

FXPRO down by 9 places

IC Markets down by 6 places

FP Markets down by 5 places

HYCM down by 4 places

easyMarkets down by 2 places

Pepperstone down by 1 place

FBS down by 1 place

New in June:

EightCap

HFGFX

GO MARKETS

Swissquote

Being out in June:

ACY

MEX Group

GWFX

BCR

According to the list, the largest ad-spending brokers changed little, compared with that of last month, with 4 new brokers only on the list. Most brokers see only slight fluctuation of their rankings, with the greatest change within 10 places.

FXTM has been the top of the list for over 4 months, while 5 low-rating brokers are also listed. Among of them, 3 brokers were complained heavily, 1 broker was suspected of coping other broker' s regulatory license and the last one was illegal.

Illegal broker:

CF' s interface from the WikiFX App

With a rating of 1.69 only, CF has not the valid regulatory status, being labeled “illegal” on the WikiFX App.

Suspected-cloned broker:

8BX.COM' s interface from the WikiFX App

With a rating of 1.30 only, 8BX.COM holds the suspected-cloned NFA(US)' s license for generic financial service, having tremendous risk.

Brokers being complained heavily:

Pepperstone' s interface from WikiFX App

With a rating of 2.64, Pepperstone was complained heavily.

Axitrader' s interface from WikiFX App

Axitrader, with a rating of 2.54, was also complained by many investors.

IC Markets' interface from WikiFX App

IC Markets also received heavy investors' complaints and was rated at 3.20 on the WikiFX App.

For more information on the licenses, word of mouth and field-survey reports of brokers, please check the WikiFX App.

Conclusion

The largest ad-spending brokers didn' t change much except for the fluctuation in rankings. WikiFX reminds investors that the top 20 largest ad-spending brokers list has nothing to do with the brokers' compliance and therefore investors should stay away from the low-rating brokers in it.