How many active retail brokerages are indeed in existence today?

fxoday

Recruit
Messages
561
I think the number 1.231 is only registered in MT4, but there is another trading platform like cTrader, Ninjatrader, not all broker using Metatrader as a trading platform, some of them create own trading platform.
 
Messages
250
There are so many that's why its important to have forums like this and Trustpilot to get a gauge of which ones to use and which ones are not reliable
 

bigdolly

2nd Lieutenant
Messages
1,175
Their number is estimated at thousands but only handful of them provide competitive trading conditions which allows to you make money
 

fxoday

Recruit
Messages
561
Yes, I think traders will make research when they looking the broker, reading reviews in forums, site reviews, etc, but when traders already finding and use reliable brokers, they will stick with its company.
 

Gazel

Recruit
Messages
10
Retail brokers actually don't differ from other brokers. The main idea of their existence is that they offer some exclusive assets for trading. One can state that all brokers are the same and I can partly agree with such an opinion. I believe that brokers who are out of service nowadays just couldn't handle their main task. The main task of them is to satisfy the need of traders, because when a trader is happy, broker receives money. It's quite a very simple statement and is clear to understand. I believe that brokers should never betray their occupation, because they provide lots of traders with money, via connection with market.
 

FriendlyFX

Corporal
Messages
115
It must be in the low thousands.
As the gentleman above pointed out there's over 1200+ registered brokers using MT4 terminals.
Astounding when you think about it
 
Top