The international FOREX market is built on the concept of credibility. This desired characteristic is a key player, required and sought after by platforms that wish to operate sustainably. Countless of would-be clients and traders necessitate abundant of information and reports to be published with the aim of having a holistic view on the whole game, make informed decisions and choose the crème de la crème in a sea of brokers.
By following international standards put in motion by the big regulatory agencies, brokers can help fight against the market’s biggest threat: Asymmetric Information. Traders have a right to access information equally, to assess the news and base their investing strategy on that.
Brokers that publish periodic statements are perceived as more transparent and reliable, attracting a bigger market share. Although many claims to be transparent-oriented and promote ethical services, not all are recognized for such feats. FxGrow, a Cyprus based FX brokerage authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC), received the prestigious “Most Transparent Broker of the Year 2021” in the Jordan Expo 2021.
Such awards are granted based on many criteria that reflects the broker’s influence and popularity. A rewarded broker is an exemplary leader when it comes to the quality of management, service, and security. Such platform would be adopting cutting edge technologies ensuring financial strength and dependability.
Brokers operating in a transparent manner should not fear repercussions, following set standards will only benefit their reputation and rating, attracting greater customers. It can be translated through many ways such as global coverage, market share and market leadership, quality of management, financial strength and potential, service and security, platforms and technologies applied, level of regulation.
As the recipient of the most transparent broker award, FxGrow reinforces its position as one of the most trustworthy and reliable players in this risky game. Nowadays, traders with their never-ending request for information and statements, Brokers such as FxGrow, are a model in ethical customer service and up-to-date trading tools, real time charts, fast execution speed, instant rebate pay-out and an encrypted payment system. All tools that acts as a premium trading package for beginner investors.
It is important to mention that this award is a clients-based recognition, thus it is the traders trust and confidence in FxGrow that made it possible. This is an auspicious accomplishment that will surely reflect positively on the company’s reputation.