As reported by «Market Leader» (US)
Forex brands: value and significance
The value of a brand is one of the major factors that should be considered when estimating any company’s prospects. For example, Coca-Cola or Pepsi-Cola cost billions of dollars, so a small-scale beverage company has no chances to compete with such giants.
What are the difficulties of estimating Forex brands?
First of all, their stocks are not openly sold in stock markets and there is no transparent bookkeeping when it comes to Forex brokers or dealing centers. As a result, novice traders cannot tell a genuine “brilliant” from a fake one.
Sometimes successful traders have problems withdrawing their profits as their unreliable brokers refuse to pay. Masterforex-V Academy has already counted at least a dozen of such cases of non-payments: after making substantial profits some students of Masterforex-V Academy decided to withdraw the money but found themselves in trouble as their brokers had refused to pay. The value of a Forex broking company’s brand is a hidden sign that can tell a lot about how reliable the broker is: