In the Shadow of the Strong: August 2013 Voting Results

We at Forex-Ratings.com invite both forex freshmen and experts with years of currency trading in their background to express an unbiased opinion of the leading forex brokers of today. Any registered visitor can do so by means of writing reviews, commenting, - and voting. Our site’s users are among those who actually shape the image of the leading forex brokers.

Our rating helps mapping the current forex trading landscape by the efforts of the traders themselves. It is you and your forex trading colleagues who determine all the high and low points of the present-day forex world, as well as figure out the scope and weight of the influential events that currently take place, have just came to an end recently, or are about to occur soon.

Forex Ratings community determines which companies can at present be recognized as the best providers of financial and investment services.  The more activity is shown by our visitors, the more objective becomes the vision of the currency trading market of today. Fx market fluctuations, changes, upgrades and decreases are also being reflected at Forex-Ratings.com on a non-stop basis.

In this review we are pleased to bring August voting results to the attention of the Forex Ratings community.

During the last summer month the Top10 list has been 20 % renewed compared to July. And - none from the August Top10 has managed to maintain the same position as one month before.

Newcomers of the August Top10 are Roboforex (6th place) and FXCM (9th place).

In August Swissquote Bank (3rd place), MasterForex (4th place), HotForex (7th place), Forex.com (8th place) and LiteForex (9th place) have shown slight voting degradation figures comparing to their July performance. However, all of these trading firms still hold their ground within Top10 of the Forex Ratings’ list.

On the contrary, AvaTrade has improved its status having moved from the 3rd to the 2nd position of the voting pedestal. Chances for winning the next month’s ‘gold’ maybe?

Two new Top10 participants have joined the listing in August: RoboForex and FXCM. July rating participants IBCFX and NordFX are out of August Top10.

Let’s also keep an eye on FxNet, the August listing newcomer. This broker is not yet in Top10, but in case they get enough support from their loyal traders, it might well happen next month.

MRC Markets, the August voting champion, is remarkable for having stayed within Top3 of the voting chart for three months in a row so far, and for constantly demonstrating stable and reliable performance.

MRC Markets is a globally expanding broker providing an array of brokerage services available to fx traders. These services include: access to the financial markets (foreign exchange, commodities, stocks); PC software; portfolio management. MRC Markets is committed to technological innovations and tracking of the actual market trends. Trading platform this broker offers is MetaTrader4, which is considered to be among the most popular in fx trading.

In August MRC Markets had kept offering a lucrative Triple Bonus (‘Triple Gain Summer Offer’). Traders having made their first deposit before August 31 were offered three deposit increases (20% to the first deposit, 25% to the second deposit, and 30% to the third and further deposits within the promotion period).

AvaTrade, the August runner-up, is known as one of the industry leaders with its more than 200,000 registered customers. It provides up-to-date trading platforms (including  AvaTrader and MetaTrader4) with instantly updated charts as well as technical indicators and actual economic calendar. Moreover, AvaTrade customers have access to a number of tutorials (including videos), forex analysis and actual news.

Financial products offered by AvaTrade exceed the fugure of 200 and include forex, indices, commodities, stocks, and bonds.

AvaTrade’s customer service also has to be specially mentioned for offering help to customers from 120 countries on a non-stop basis, 24 hours a day.

Swissquote Bank, the August ‘bronze’ finisher, is a provider of an array of eForex solutions. Moreover, it has to be noted for offering accounts CHF, EUR and USD (and in virtually any other currencies upon request). Swissquote pays interest on CHF and foreign-currency accounts.

RoboForex in August has been offering a chain of webinars dedicated to price action patterns, forecasting, and more. Generally RoboForex offers a variety of Forex trading accounts (from Micro Cent accounts for novice traders to professional ECN accounts), trading terminals MetaTrader4, MetaTrader5, cTrader along with a wide range of trading instruments to let their clients exercise any kind of trading strategy.

FXCM deserves a special remark for adhering to the mass market model. Thus, since the beginning of summer 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 August:

  1. MRC Markets
  2. AvaTrade
  3. Swissquote Bank
  4. MasterForex
  5. FxPro
  6. RoboForex (new)
  7. HotForex
  8. Forex.com
  9. FXCM (new)
  10. LiteForex

These are August voting results. But they might undergo dramatic changes by the next 1st day of the month! At that date all the previous voting results are being reset, and the race starts from ‘zero’ point again. What’s the purpose of it? This is the best method to identify a particular month’s competition winner, but at the same time next month the acting champion won’t rest  assured their services and performance still remain best and unbeatable.

Each broker is rated by the real number of votes. Any registered user can cast votes for/against any forex company featured on the list (up to five votes in 24 hours). Sharing your opinion about forex brokers is really fast and easy.

Join Forex Ratings and express your opinion of the present day forex market.

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