Forex-Ratings.com is a site opening the floor to forex brokers and active fx traders speaking in first person. Our site collects multiple points of view on forex trading, quality of services, trading strategies and other aspects related to currency and binary trading. We at all times adhere to the principles of all-round representation of opinions related to forex, which are multiple and diverse. Forex-Ratings.com is an important part of forex trading community since 2006. We constantly collect forex information and have already built a huge database. Every month a new list of Top10 forex brokers of the previous month is released. Every month this list is renewed, some fx companies drop out, and some come in and take their place on the upper positions.
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In this article we are going to name the best rated fx brokers of August according to Forex-Ratings.com formation. In the last summer month of 2014 the list has been 10% renewed, featuring RoboForex as the newcomer, whereas MRC Markets has left Top10. It may turn out that very soon we will see MRC Markets back though as this assertive broker might well reclaim a high listing position.
Top 10 Forex Brokers in August:
The leader of August Top10 is FxPro. This is a broker with an almost 10-year history on the currency exchange market. FxPro features a wide range of instruments and trading assets, such as index futures, commodity futures, equities, etc. Trading platforms offered by FxPro include customized versions of MetaTrader4, MultiTerminal, cTraderMobile Platforms and ECN FxPro cTrader. The broker’s client support is known as one of the best in the industry, and the site is simple and user-friendly. During years of operation FxPro has won multiple financial awards. In August FxPro has by right had taken the highest step of the forex pedestal, which is a great proof of loyalty and trust given to the broker by its clients.
FOREX.com, the runner-up of August race, is an exemplary forex brokerage tracking its history from 2001. At all times Forex.com is in step with the newest business and technological solutions. The remarkable features of the brokers are competitive pricing, in-depth regulation, and an array of trading tools. Forex.com is also known for introducing programs related to forex education, including webinars, fx courses and tutorials. Forex.com professional customer service is at all times ready to offer help to any of Forex.com traders, newbies or professionals with years of trading experience.
FXCM (Forex Capital Markets), in August has been rewarded by ‘bronze’ place. The US-based broker, FXCM has been established in 1999 and is known as one of the key liquidity providers. In currency trading Forex Capital Markets sees mass market model as a priority. FXCM new registered users are offered free services provided by the in-house Educational Center. The services include webinars, learning courses, tutorials, and so on. The support team is multilingual and available all around the clock.Years of steady operation have proven the reputation of FXCM as a reliable broker; moreover, FXCM is actually one of a few key fx companies accepting US traders. The company is regulated by financial authorities in US, UK, Germany, Hong Kong and Australia.
NordFX, the 4th place finisher in August, is one of the leaders in providing promotional solutions. In August the broker has introduced a new event of a monthly contest, DemoCup, with time frames from August 25th to September 5th. This popular contest tracks its history from 2010; participants of the contest trade with virtual funds, but receive real money prizes. The monthly draw is $3,500; the annual draw is $42,000. There are 10 prize places and 10 consolation prizes.
NordFX is considered to be one of the most loyal brokers with convenient trading conditions and effective support team. NordFX traders have direct access to ECN and enjoy such benefits as lowest spreads (including lowest dynamic spread), best prices from Interbank market, no Dealing Desk, and no requotes, which make the broker very attractive for scalpers who do not trade regularly . The executions are processed in <1 second, at that there are no manual dealers involved.
HotForex, 5th place, is a world-famous investment company and provider offering currency and commodities trading. The company was launched in 2007, and, remarkably, since then it is constantly growing. Platforms, offered by HotForex, include HotForex MT4 Terminal, HotForex PAMM system, Hot Webtrader, Hot iPhone and Smartphone Trader. Broker’s client support is available to clients all around the clock on workdays. “Hot” support is known as one of the best in the industry resolving clients’ issues fast and no matter where on the globe the clients are – the services are provided in multiple languages. The broker’s site has been recently rebuilt for better interaction with the clients.
IronFX Global, the 6th place finisher in August, works with institutional and retail customers around the globe. The broker positions itself as a global leader of online trading and has a lot to offer, with 15 trading platforms and 200+instruments (forex, CFDs, spot metals). IronFX provides round the clock support services round the clock and in 45 languages. Huge business scope makes IronFX one of the world’s largest and elaborate networks. The company participates in the Eurex Exchange and is also an EU regulated and MiFID compliant firm. Among other IronFX regulators are FCA, CySEC, ASIC, FSP, etc.By the end of August IronFX has announced launching of its biggest ever live trading competition, “The IronFX Intergalactic Trading Competition” where forex traders will compete for a place aboard a Virgin Atlantic spaceship. Running of this contest makes IronFX the first broker offering such an outstanding prize and a unique lifetime experience to its traders. So, from 1 September until 31 December 2014, traders will compete for a ticket to a suborbital flight worth $250,000, which is also outstanding as that will be the first ever forex trader in space. A hundred of runners-up will receive $5,000 cash prizes. Registration to the space contest is open from September 1st.
MasterForex (MFX Broker) , 7th place in August Top10, also deserves a special notice for its generous and diverse promotions addressed to forex traders of different levels of experience and locations. In August the priority has been given to binary options – due to increase of clients MFX Broker introduced new heavy duty hardware and software which aim at raising speed and quality of operations. In August MFX has announced binary options increase of clients deposits made before November 10th on 100%. Its binary options project takes part in ForexStars Awards in the nomination Best Binary Options Broker. Results will be announced after October 20th.
Armada Markets, 8th place in August, is a company much younger than most of Forex-Ratings.com listed brokers. At that, the company is widely known for such strong points as low trading costs, positive slippage and fast execution. Armada Markets boasts its well-trained and competent support famous for prompt processing of all clients’ claims. It appears that everything goes fast at Armada: traders praise the broker’s fast processing of all financial operations, deposits as well as withdrawals.
24option, 9th place finisher, is one of the leaders of the binary options market. The broker’s strong points are transparency, fair trading, safety and security. Good client support is worthy of a special notice for offering competent services 24/7.
RoboForex, the company closing August 2014 Top10, is a New Zealand based forex broker and a bold newcomer of our Top10 ranking. The broker has earned a reputation of an active educator for arranging lots of webinars on trading basics, price action patterns, forecasting, and much more.
The broker offers a number of fx trading accounts to all kinds of traders, from newbies to owners of professional ECN accounts. Trading terminals available at RoboForex include MetaTrader 4 and 5 and cTrader. A variety of the offered trading instruments helps RoboForex clients try various trading strategies.
Such were August voting results. On the first day of every new month voting results of the previous month are nullified; new voting starts from ‘zero’ mark. Our scrupulous work of many years proves that this is the best way to evaluate fx companies objectively. Brokers in the listing are ranked in accordance with the ratio of positive and negative votes of our site’s visitors.
That said, next month the Top of the list may change significantly, and even small daily operational details are equally important as brokers’ strategies, policies, promotions, etc. New aspiring brokers with accurate and attractive performance may well occupy the top of the list, and for a long time.
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