Newcomers Go Over the Top: July 2013 Voting Results

At Forex-Ratings.com we provide a flexible and convenient platform allowing real-time customer evaluation of achievements and blunders of the forex market agents. Moreover, our registered users are able to share their unbiased opinions with other forex traders.

Forex Ratings invites both beginners and experienced forex traders to join our community to express their opinion on the key forex companies of the present day, and to vote for/against any forex broker featured on the list. Forex Ratings registered users are those who bring a verdict which companies are currently the best providers of financial and investment services, and which have degraded in performance compared to the previous months.

This review analyzes voting results and broker preferences of the Forex Ratings community in July.

In July the Top10 list has been 40% renewed, which is a remarkable sign of the activity of our site’s visitors in midsummer.

Congratulations to the best forex broker of July, MRC Markets! Master Forex has handed its June leadership over to the new ‘king of the hill’ and is now positioned on the 3rd place. The ‘silver medal’ of July goes to AvaTrade.

In July MRC Markets has offered its clients an advantage of three bonuses under one promotion; to join the promotion a trader has to fund their trading account till August 31, 2013.  Clients who do so are to get three bonuses, each next bigger than the previous one (20% bonus to the first deposit within the promotion period; 25% bonus to the second deposit, and 30% bonus to the third and further deposits.

Moreover, in July MRC Markets has introduced new trading opportunities: apart from the long established contracts such as Gold vs USD and Silver vs USD it is now possible to trade Gold and Silver against Euro and Australian dollar.

AvaTrade, a forex broker established 2006, is now recognized as one of the industry leaders. It provides ultra-modern trading platforms (including  AvaTrader and MetaTrader4) with instantly updated charts along with technical indicators and actual economic calendar. AvaTrade’s customer service is also worth mentioning for offering help to customers from 120 countries on a non-stop basis, 24 hours a day.

MasterForex, the ‘bronze’ July finisher, in midsummer has been constantly introducing updates and renovations in its services and promotions.

At the very beginning of July MasterForex has announced renewal of its main page so that now it has a handy interface for beginners, traders, investors and partners to find needed information easily.

In July MasterForex:

  • had run a special tournament for demo accounts called FX Rodeo with monthly prize having amounted to $10,000;
  • has introduced a new service called ‘Credit of Trust’: once a trader is unable to add funds to their account at the moment, it is possible to send a request and 15% of the current balance shall be added to the account (on a temporary basis);
  • has made available a function of automatic funds addition. Funds are transferred from MF wallet to a trading account when margin level in the trading account reaches a defined in advance;
  • has activated a new CFD service offers professionals new opportunity of trading derivatives. Commissions for all CFDs has been totally cancelled, and the positions are not closed with the expiration of a contract;
  • has made PayPal payment method available to MF clients for depositing.

Speaking about our Top10 veterans, in July they seem to have been through the mill, as only 1st and 2nd place finishers are the brokers who improved their positions compared to June. At the same time, such listing frequenters as eToro, NordFX, RoboForex and FBS are out of the top list. We are guessing if July positions’ losers are able to analyze weak points in their performance and recover leading positions soon. Chances are that they will make it, as it has already happened to them much more than once.

Two listing participants keep the same positions as one month before: HotForex (5th place) and FxPro (8th place).

Positions of Master Forex (3rd place) and Swissquote Bank (4th place) in July have slightly deteriorated, however, these results are still impressive, so this is not yet a significant indicator to speak of these brokers’ performance decrease. We will keep an eye on them further on to see which way the things will develop.

And this time we give a warm welcome to the July Top10 newcomers: Forex.com (6th place), LiteForex (7th place), MAYZUS (9th place) and IBCFX (10th place).

FOREX.com has been established as early 2001 an since then this broker is known as one of the worldwide leaders in forex and CFD trading. Forex.com constantly keeps to the principles of offering extra competitive and transparent pricing (tight spreads), trustworthy trade execution and innovative trading tools to the clients so that they can successfully trade in the most important forex markets of the world. Multiple trading platforms featured by Forex.com meet the needs of all types of traders.

LiteForex, a broker founded in 2005, offers more than 45 trading technologies for beginner traders and gives an opportunity to start trading in the Forex market depositing only ONE DOLLAR. A traders’ deposit appears in US cents on the Lite group accounts, so new traders feel like operating the same amount but in US Dollars. This new technology allows Forex beginners to experience Forex market in reality with minimal spending.

Moreover, LiteForex offers competitive trading conditions for Forex professionals all over the globe and provides market analysis and a professional affiliate program.

MAYZUS is known to provide novice traders with an array of educational materials, demo-trading accounts, LITE accounts, user-friendly applications and live 24/5 support to ensure that even newcomers feel comfortable and secure while trading. MAYZUS more experienced clients are recommended to use REAL accounts as well as Classic and Viking Currenex accounts. A variety of trading instruments, such as 33 currency pairs, commodities, CFD Shares and Futures are a significant addition to the brokers’ offer.

IBCFX has to be noted for its policy of social communication and multi-cultural approach. This broker offers multi-lingual support, Islamic accounts and chat options on the site to be able to get assisted at any time needed.

Top 10 Forex Brokers in July:

1. MRC Markets

2. AvaTrade

3. MasterForex

4. Swissquote Bank 

5. HotForex

6. Forex.com (new)

7. LiteForex (new)

8. FxPro

9. MAYZUS (new)

10. IBCFX (new)

First day of every month all rating results are being nullified, and the competition starts anew. Beginning a monthly rating at the ‘zero’ point helps determining the best fx market performer of the previous month. This helps configuring profiles of the Forex Ratings listing participants in the most objective way. Each broker is rated by the actual number of votes.

Our voting platform ensures that it won’t take much of our visitors’ time to express an opinion about good (or bad) forex brokers once they wish to share their considerations with the Forex Ratings community. When registered, you can do the voting as often as once in 24 hours, and have no restrictions in posting your comments on any participant of the voting list.

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