Forex Veterans, New Forex Rating Members – September 2012 voting results analysis

We are pleased to announce September 2012 voting results. All in all September voting has significantly changed the Forex Rating configuration, its favorites and underdogs. We assume this occurred much due to forex traders’ massive return to market activities after the summer holidays.

Swissquote now takes the lead as the Best Forex Broker, having made two steps up compared to August. Swissquote Bank is the only public bank in Switzerland offering clients the ability to trade currencies, precious metals, energy, and stock indices on any of the three different trading platforms. Swissquote customers are provided with the necessary tools to make intelligent informed forex trading decisions, such as free access to real-time forex quotes, charts, forex news and proprietary research via the website.

In addition to the eForex offering, clients have access to trade exchange traded products such as stocks, bonds, futures, and options as well as invest in funds and savings and utilize Swissquote ePrivate Banking platform to develop their own investment portfolios. Congratulations to Swissquote on their excellent and steady performance.

Special greetings go to the Forex Rating September Top10 entrants, all of which are known as forex market heavyweights: OANDA, FOREX.com and FBS.

OANDA has a long-time reputation of one of the most reputable forex brokers offering low forex trading spreads and a lot of transparency. This company is also known for its innovations offering the customers quite unique features including hourly swap payments and single unit positions sizing; a trader’s position can be as small as 1 unit, which greatly improves traders' ability to apply sound money management rules correctly.

FOREX.com has presented its FOREXTrader PRO platform in September. This is a fully-customizable forex trading platform available via web, download and all major mobile operating systems.  Specifically designed for currency traders, FOREXTrader PRO offers advanced trading tools and extensive research and analysis.

FBS was entitled as “The best MT4 Platform Award” at the 9th China (Guangzhou) International Investment & Finance Expo (September 21-23). FBS claims their main goal is providing customers with the most convenient and advantageous trading conditions and services.

eToro, Admiral Markets and HY Markets are out of Top10 in September 2012, which means the August best forex brokers list has been 30% renewed! As of late, eToro has been frequently blamed by its customers for massive spreads, complications in money withdrawals, and occasional system crashes.

Admiral Markets (also known as FxService.com) is generally popular for its low spreads, free services, nice support, fast withdrawals and forex education mission. However, their main problem of the past month seemed to be the frequent system breakdowns.

MRC Markets has slided down as low as the 8th place, after having been our Top10 all-time favorite since April. We assume the likely reason for such a decrease was much criticized customer support; probably other performance failures have added to that as well.

Forex-Ratings Top 10 Forex Brokers in September:

  1. Swissquote
  2. AvaFX
  3. OANDA (new)
  4. NordFX
  5. FXCM
  6. AFB FX
  7. FOREX.com (new)
  8. MRC Markets
  9. FBS (new)
  10. RoboForex (new)

Forex Ratings voting results list might dramatically change next 1st day of the next month. Best currency trading firms will be determined anew by the voting community of our rating. First day of every month is the day when all rating results are being reset. Starting a monthly rating from zero allows identifying a monthly winner and thus displaying the voters' opinion objectively.

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