These days forex market is full of famous brands being in the market for years, if not decades. However, new brokerages keep on emerging time and again. Of course, it is a great challenge to build a name from nothing on the FX market, but new forex companies find their ways to do so, and they do it sometimes bucking the trends and finding their own special ways round.
A distinctive feature of most of the new forex broker companies is that they offer very attractive promotions and trading conditions in their effort to beat the market dominant heavyweights. It is very common that a new broker starts market activities from offering a variety of contests, bonuses and rebates.
Some traders specialize in registering an account with a new broker specially to enjoy the benefits of the lucrative opening phase offers. Another advantage of trading with new FX companies is that their trading servers as well as customer support operate much faster than their competitors’, since they are not yet overloaded and there are not too many clients yet to keep them busy. Moreover, large account clients can expect special conditions of trading, as a new broker will do its best to meet the requirements of such trader.
The down-to-earth reality is that after a brokerage obtains enough clients, it might become less responsive to clients’ needs, and illiberal in terms of promotional activities. For this particular reason many traders avoid newly created forex companies, despite all the benefits offered by them at the moment.
It is important to be figure out which forex companies are new in the market and at the same time offer excellent services on a regular day-to-day basis.
New forex brokerages enter the market by the dozen, and it is not an easy mission to find the right forex broker among the newcomers. Do you have experience with new forex companies? Vote for the best forex newcomer and make it famous!