Top 20 Most Followed Forex Brokers in May, 2019

WikiFX released the top 20 most followed Forex brokers list in May, 2019. April has seen quite a few episodes in the Forex market, such as regulator' s warning about Forex industry, market exit announcement released by broker and foreign news disclosing fraudulent broker. Let' s look at how these events have effected investors' interest on brokers.

Here' s the top 20 most followed Forex brokers list in May from WikiFX:

OANDA

FXCM

FOREX.com

PTFX

EightCap

GCG ASIA

AVATRADE

FXTM

ATFX

XM

GKFX Prime

USGFX

Exness

KVB

Rubix FX

LION

IG

IC Markets

Saxo

Hantec

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

OANDA up by 1 place

FXCM up by 1 place

PTFX up by 1 place

EightCap up by 1 place

USGFX up by 1 place

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

IC Markets down by 8 places

Exness down by 4 places

IG down by 3 places

AVATRADE down by 3 places

FOREX.com down by 2 places

KVB down by 2 places

Hantec down by 2 places

FXTM down by 1 place

ATFX down by 1 place

New in May:

GCG ASIA

XM

GKFX Prime

Rubix FX

LION

Being out in May:

TradeMax

CMCMarkets

Vantage FX

AETOS

Swissquote Bank

Brokers in the first part of the list remain roughly the same as those in April, changing slightly only in places. While high-rating brokers take up the majority, there are exceptions such as the illegal broker PTFX which ranked no. 4 on the list with considerable attention from investors. Meanwhile, illegal broker GCG ASIA attracted more attentions for Bank of China (BOC) Phnom Penh branch' s warning and Indonesian police' s official disclosure for fraud, so being new on the list, the broker ranks 6th this month.

WikiFX App has labeled PTFX and GCG ASIA “Fraudulent Broker” to remind investors to stay away from them.

PTFX' s interface from WikiFX App

GCG ASIA' s interface from WikiFX App

In addition, investors should also keep away from IC Markets, another low-rating broker on the list to avoid potential risk.

IC Markets' interface from WikiFX App

Conclusion

WikiFX reminds investors that the most followed brokers list only reflects investors' interest of the month, so please beware of the low-rating brokers on the list and stay away from them. To better protect your asset and avoid potential risks, make sure you check broker' s compliance through WikiFX App before making an investment.