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This review deals with July 2014 voting results and highlights best fx brokers of midsummer.
In July Forex-Ratings.com Top10 has been 20% renewed compared to June. Let’s see which brokers improved their positions, which just dropped in, and which have left it for the time being. Monthly monitoring of this dynamics helps realize which brokers show most steady performance and are chosen by lots of traders for worthy performance and good reputation.
New blood of the July Forex Ratings Top10 are Armada Markets (7th place) and IronFX Global (9th place). We wish good luck to the newcomers of the Top as they are now in the limelight and are subject to in-depth analysis of our site community.
FxPro, the first comer in July, is a broker operating since 2006. FxPro is one of the most reputable brokers as it offers its clients comfortable trading conditions, and has a qualified and prompt client support. Years of good work earned the broker a title of one of the industry leaders. FxPro is remarkable for having tight spreads and no requotes. The broker offers a wide range of trading assets, including futures of several types, equities, and spot metals. FxPro also has scalping and hedging. The broker’s ECN accounts start from $1,000.
The runner-up of the midsummer race is Forex.com. This broker established in 2001 is one of the veterans of the business. At present Forex.com is among leading providers of currency and CFD trading. Pricing offered by Forex.com is very competitive and affordable, which is a great attraction for new traders. Trading at Forex.com is automated on every stage, which means fast execution: practically all of them are processed in less than a second.
The bronze finisher of July, NordFX deserves a special notice for offering direct access to ECN. Along with this, NordFX clients have best prices from interbank market; low spreads; no requotes; no Dealing Desk. All the executions at NordFX are processed in less than one second and without dealers. The broker offers a variety of extra services, such as expert advisors or signals. Financial transactions at NordFX are processed via a large number of payment systems, which makes trading available in any corner of the world. In July 2014 NordFX announced no fee conditions for depositing via OKPAY. Deposits are instant, commissions are 0.
MasterForex (MFX) occupies 4th place this time. MFX has a long operational history of almost 8 years. This broker is one of the most remarkable on the market for offering a wide range of promotions on a regular basis. Even in the middle of summer MFX keeps going without reducing the step. In July MFX announced winners of the last round of the ‘Cent Millionaire’ promotion which was running since February. MFX Options division has introduced trading on real accounts in July and an affiliate program for MFX Options.
FXCM, 5th place in July, is a liquidity provider and a market maker with a history tracing back to 1999. Moreover, FXCM is an exemplary mass market forex company. The company is licensed by a number of regulators worldwide, including CFTC in the United States and FSA in the UK. FXCM features a large number of trading platforms, starting with the world’s No.1, MetaTrader4, and comprising such platforms as FXCM Trading Station Desktop, FXCM Trading Station Mobile, FXCM Active Trader, FXCM Trading Station Web, Mirror Trader.The traders are positive commenting FXCM fast withdrawals and competent client support.
MRC Markets, the 6th place finisher, is an international brokerage working with individuals and companies. The broker offers over 1,000 trading instruments. MRC Markets provides the following services: Access to the financial markets: forex, commodity and stocks; Computer Software; Portfolio Management. Another remarkable aspects of MRC Markets forex business are accrual of interest up to 8,25% per annum on a trading account and 24/7 client support in a number of languages. MRC Markets is generous in promotions and keeps a good contact with the clients. MRC Markets has its own Binary Options division, offering the clients up to 500% profit of an order. The following assets are available for binary trading: EUR/USD, GBP/USD, USD/JPY, and USD/CHF.
Armada Markets, 7th place in July, has reclaimed its respectable position in the Top10 after the successful debut in the ‘best of the best’ list in May. Armada Markets is relatively new on the market but already gained good reputation in the forex world. Armada Markets characteristics include: fast execution, low trading costs, low spreads, positive slippage. All the transactions are processed fast, deposits and withdrawals alike. Armada Markets client support is fast and well-trained/
HotForex, 8th place in July, is a Mauritius-based company established in 2007 is a broker that constantly works on trading innovations; its client support is new quality of service. HorForex works with private traders, funds and big investment companies. The broker positions itself as a trading and investment company. Advantages of trading with HotForex are plentiful, and some of them are: high security of funds, flexible and generous bonuses reaching up to 50%. Segregated accounts and PAMM services are available, funds are secure, and the new accounts get approved really fast. The broker works with an array of payment systems. Free education programs for newcomers are very much in depand.Recently HotForex introduced the MasterTrader Diversified Program, a Trade Following program that allows traders to diversify their investments..
IronFX Global, the 9th place finisher in July, is one of the well-equipped fx brokerages, and it has a lot to offer. In fact, IronFX can be called one of the leaders of the forex online market. With over 60 offices worldwide, and about 1,500 employees providing support in over 45 different languages, IronFX clients can benefit from round-the-clock coverage delivered by one of the world’s largest and most accomplished networks. IronFX serves retail and institutional customers from over 180 countries in Europe, Asia, the Middle East, Africa and Latin America. The broker features 15 trading platforms and over 200 instruments in forex, spot metals and CFDs on US and UK stocks and commodities.IronFX Global complies with international regulatory standards, and is regulated by FCA, ASIC, FSP, CRFIN, UCRFIN and CySEC. The company is a member of the Eurex Exchange and is also an EU regulated and MiFID compliant firm.
HY Markets is closing the July 2014 Top10. HY Markets is a trading name of Henyep Capital Markets UK Ltd. This is a division of the Henyep Group, a global conglomerate with business in financial services, property, education, and charity in 20 countries around the world. Henyep Group companies are registered and authorized in London, United Arab Emirates, Hong Kong, and other leading business jurisdictions. This company is a frequenter of the top positions of the listing due to its reputation and years of operating in the market. Along with currency trading HY Markets offers trading energies (oil/gas), metals, commodities, stocks, equities, indices and many more. At that, all the available trading tools can be used from the same trading account. At HY Markets customers are allowed to use expert advisors and “hedging” trading strategy. Automatic trading is also available to HY clients.
Top 10 Forex Brokers in July:
These are July 2014 voting results. Let’s see if August voting will bring us new Top10 leaders and ambitious newbies.
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