Best Forex Brokers of January: Positional Warfare, New Entrants on the Threshold

During the first month of the year 2013 the Top10 list has been only 20% renewed compared to December, perhaps partly due to the holiday season. Interestingly, four participants of the January Top10 have kept exactly the same positions as they had one month earlier. These stability warrantees were: MRC Markets (4th place), HotForex (6th place), RoboForex (7th place), and the unchanged leader of the Top10, - AvaFX.

FXCM managed to have climbed two steps up in January, from 10th to 8th position.

Newcomers of the January Top10 are Swissquote (2nd place) and eToro (10th place).

In January Master Forex, NordFX and Admiral Markets have showed slight voting degradation figures comparing to their December performance. However, all of these renowned fx brokers still stayed within Top10 of the Forex Ratings’ list.

In January our rating has been appended by new participants: Vantage FX and 3TG FX. However they are out of the “best ten” list yet, they definitely have the potential to take one of the top lines some time soon.

December rating participants Alpari and FX Pro are out of January Top10.

Our January Top10 leader, Ava FX is known for its diverse forex trading platform delivering updated FX market analysis, FX streaming quotes, as well as up to date forex calendar, forex news, online forex trading charts, technical analysis tools, and more. In 2013 Ava FX keeps on running a generous New Account Promotion offering up to $5,000 as a bonus.

Top 10 newcomer, Swissquote (ACM) provides one-click trading offering access to the main currency markets. Swissquote Bank’s forex platform includes direct chart trading and 60 currency pairs + spot precious metals and commodities. Besides, this forex broker deserves a special notice for eBanking, a platform designed for traders of any level interested in electronic, easy-access means of private banking. Proposals the system offers are customer-tailored, which makes it a handy tool in trading forex.

Another newbie of January rating, eToro actually remains one of the key players of the global currency trading market. This broker is recognized for its user-friendly environment constantly attracting new trades. Among eToro’s marketing tools we should mention free practice account to start trading, lucrative bonuses (up to 10% on the first deposit), tight spreads/no commissions policy, ‘responsible trading’ program to secure safe trading.

Master Forex, the January bronze winner, has launched the MasterForex Battle tournament for their customers with the first prize as large as $25,000. The tournament will be held up to February 15th, which is the grand final day. Besides, in January Master Forex has announced the return of the good old ‘refer-a-friend’promo which offers winning real money prizes for bringing in new customers.

FXCM deserves a special remark for upgrading the Mirror Trading concept (provided in co-operation with Tradency) to the mass market model. Thus, since January Mirror Trader solutions are available to FXCM’s entire client base. The mirror trading concept implies an easier transition to live trading, thus attaining new forex traders, the customers who were previously out of reach.

Top 10 Forex Brokers in January:

  1. Ava FX
  2. Swissquote (new)
  3. MasterForex
  4. MRC Markets
  5. NordFX
  6. HotForex
  7. RoboForex
  8. FXCM
  9. Admiral Markets
  10. eToro (new)

These are January 2012 voting results of the best forex brokers. But everything might again change next 1st day of the month. Trust is the basic issue in the currency trading, it is an integral part of the stable performance of fx brokers. Our rating helps traders evaluate achievements and faults of the forex companies and share the unbiased opinion with other participants of the market. Join Forex Ratings and broadcast your opinion of the leading currency traders.

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