GENERAL RANKINGS – THE HIGHEST RATED BROKERS ON JULY 2022 BY WIKIFX

WikiFX Score is comprehensively evaluated by WikiFX based on a variety of factors including the licensed index, the level of business comprehensiveness, the risk control index, the management index, and software parameters. So based on those factors, what are the brokers with the highest ratings this July？

WikiFX gives brokers a score from 0 to 10. The higher the score is, the more reliable the broker is.

The Scoring Criteria of Brokers on WikiFX

License index: reliability and value of licenses

Regulatory index: license regulatory strength

Business index: enterprise stability and operational capability

Software index: trading platform, instruments, etc

Risk Management index: the degree of asset security

FXCM

Full name of the company: FXCM AUSTRALIA PTY LIMITED

Company name abbreviated: FXCM

Management status: Management supervision

Country/Territory: Australia

FXCM's rating on the WikiFX app is 9.32

FXCM is the leading international provider of online forex trading, CFD trading, and related services. Founded in 1999 and headquartered in London, UNITED Kingdom, the company's mission is to provide traders worldwide with access to the world's largest and most liquid markets by providing innovative trading tools, using talented trading advisors, meeting strict financial standards, and trying to provide the best online trading experience in the market. The company is currently fully licensed by the Australian Securities and Investments Commission (ASIC) and fully licensed by the Financial Conduct Authority (FCA) in the United Kingdom.

IC Markets

The company's full name: IC Markets

Abbreviated company name: IC Markets

Management status: Management supervision

Country/Territory: Australia

IC Markets score on the WikiFX app is 8.89

IC Markets is registered in Seychelles with registration number: 8419879-2, which is administered by the Financial Services Authority of Seychelles with license number: SD018. Other units of the group include: International Capital Markets Pty Ltd with registration number 123 289 109, which is administered by the Australian Securities and Investments Commission with Licence No. 335692; IC Markets (EU) Ltd is a limited company registered in Cyprus and regulated by the Cyprus Securities and Exchange Commission with License No. 362/18; IC Markets Ltd, registered in the Bahamas with registration number 76823 C, is administered by the Bahamas Securities Commission with license number SIA-F214.

Rakuten Securities

Full name: Rakuten Securities Hong Kong Limited

Company name: Rakuten Securities Australia

Management status: Management supervision

Country/Territory: Hong Kong

Rakuten Securities rating on WikiFX app is 9.00

Rakuten Securities Australia (RSA) is an index, metals, and CFD broker based in Tokyo, Japan, and one of the major online traders in Japan, aiming to provide traders with competitive spreads, excellent customer service, and more than 2.6 million clients to date.

XM

The company's full name: Trading Point of Financial Instruments UK Limited

Company name abbreviated: XM

Management status: Management supervision

Country/Territory: Cyprus

XM's rating on the WikiFX app is 8.99

Founded in 2009, XM has grown into a globally recognized broker with more than 450 professionals who have worked in the financial sector for many years, serving more than 5,000,000 clients from 196 countries and regions. XM is currently administered by Belize's International Financial Services Commission (Regulation No. 000261/106), Cyprus Securities and Exchange Commission (Regulation No. 120/10), Seychelles Financial Services Authority (Regulation Number SD010), Australia Securities and Investment Commission (Regulation No. 443670) and Dubai Financial Services Authority (Regulation No. F003484).

TMGM

The company's full name: Trademax Global Markets

Company name abbreviated: TMGM

Management status: Management supervision

Country/Territory: Australia

TMGM rating on WikiFX app: 8.71

TMGM, or Trademax Global Markets, is an Australian-based global forex broker founded in 2013. TMGM has several branches and is regulated by ASIC in Australia and VFSC in Vanuatu: TRADEMAX Australia Limited is regulated by the Australian Securities and Exchange Commission (regulation no. 436416), And TRADEMAX Global Markets (NZ) Limited is authorized and regulated by the Financial Markets Authority (Licence under Regulation No. 568807), and Trademax Global Limited is managed and licensed by Vanuatu Financial Services Commission abroad, with the prescribed number 40356. In addition, TMGM offers clients using sophisticated MetaTrader 4, MetaTrader 5, Iress, and HubX trading platforms to trade a variety of assets, such as CFDs on forex currency pairs, commodities, indices, metals, energy, cryptocurrencies, and stocks.

(Note: Because different regions or countries have different levels of regulatory strictness, the score of the same broker might be slightly varied in other regions or countries. For details, please consult WikiFX customer service.)