November 2014 Voting Results: Tough Dispute and Showdown

Since 2006 continuously and accurately records strong and weak points of performance by forex companies working on the global market. Our data array is compared to none, as the information we contain is detailed, consistent, and objective. at any given moment can deliver a reliable answer about the best forex brokers of the minute, day and month. Our rating is a live system and changes under influence of our site’s visitors who by means of voting express their opinion about the brokers who deserve to trade with, and about those who do not deserve much trust. Even brokerages new to the market can get appreciation with ease, while some regs of the listing may all of a sudden figure out their popularity decreased, methods are obsolete, and so much has to be done to improve daily performance. Our site’s community is very active in evaluating forex brokers, sharing reviews, asking brokers questions on the site, commenting and criticizing.

This review is dedicated to the best forex brokers of November 2014 according to our serious and competent trading community. Voting results of the last autumn month reveal that the cast of the was updated only by 10% compared to the previous voting month of October, as this time only one broker, xCFD, has left the list. Maybe our voters are cautious and don’t want to change horses in midstream? However, inside the Top most of the voting leaders have traded places. The biggest surprise of November is NordFX, the runner-up of the Top10, as this broker 30 days before has not even been inside the Top! NordFX is famous for its regular promotional incentives and obviously in November this policy served a good turn.

Top 10 Forex Brokers in November:

  1. FxPro
  2. NordFX (new)
  3. HotForex
  4. FXCM
  5. Armada Markets
  7. 24Option
  8. HY Markets
  9. OctaFX
  10. LiteForex

Salute to the November Top leader, FxPro. The company is famous for offering a large variety of trading assets and instruments, including equities, spot metals and futures. FxPro features a good choice of platforms, including up-to-date versions of MetaTrader, cTrader, ECN FxPro cTrader, MultiTerminal, WebTrader and Mobile Platforms.

FxPro clients using MT4 and cTrader platforms rely on fast and reliable trade execution. Indeed, the broker’s clients benefit from an exceptionally deep pool of liquidity delivered by twelve liquidity providers of FxPro. The broker has just completed the acquisition of Quotix, a spot FX aggregator, which will improve the depth of liquidity and trade execution even further.

At FxPro there’s also no dealing desk intervention, very low slippage, whereas latency has been reduced from milliseconds to micro-milliseconds.

FxPro is a regular winner of forex awards, and in November FxPro Group has been awarded ‘Best FX Execution, Global’ by Capital Finance International Magazine.

NordFX, ‘silver’ prize in November, is a frequenter of Top10, but this time the broker became a November Top runner-up by making a giant leap from a line much below the best ten brokers.

In general, NordFX has a reputation of one of the most loyal fx brokerages offering comfortable and rewarding conditions. NordFX client support is available in 9 languages, and all financial issues regarding deposits and withdrawals are resolved promptly and effectively.

NordFX provides direct access to ECN and hence a variety of benefits for the clients, including NDD, best prices from Interbank market, market depth and lowest dynamic spread. The broker allows traders to use expert advisors and any trading strategies including scalping and news trading.

NordFX offers its customers MetaTrader 4 and MetaTrader 5 trading platforms, also customized for  iOS and Android mobile devices. Besides, there are NFX Trades and ZuluTrader at the service of the company’s clients. NordFX offers flexible trading conditions, including "Micro" accounts starting from $5. 

HotForex, the ‘bronze’ medalist in November, has announced that its sister brand, binary options company OptionTrade, has earned the title of the Best New Binary Options Broker Europe 2014 awarded by Global Banking & Finance Review.

OptionTrade team makes continuous efforts to provide services that suit the clients in every way and ensure they stay with the company for a long time. Currently OptionTrade features a new educational resource with a series of multilingual seminars.

As for HotForex itself, in November it has held a live webinar ‘Understanding Forex Basics’ which was addressed to forex beginners.

FXCM (Forex Capital Markets), 4th place of the November Top10, is among the leaders in providing online forex trading and related services. FXCM works with private traders as well as with institutional customers all across the globe, including American residents, which is not too common in the modern forex world. The company itself is headquartered in New York, US and tracks its history from as long ago as 1999. The broker has gained a reputation à one of the most reliable investment companies operating in the global financial markets of today.

The company is a major liquidity provider and a market maker. The core offer by FXCM is NDD forex trading. The broker offers competitive spreads on major currency pairs. FXCM traders can trade from real-time charts, execute trades in one click, and also trade on FXCM mobile version. Forex Capital Markets Limited U.K. subsidiary of FXCM, also offers CFD products with no re-quote trading, plus it allows clients to trade oil, gold, silver and stock indices along with forex, all on one platform.

FXCM offers a variety of platforms to meet demands of various kinds of traders, including world’s popular MetaTrader4 along with FXCM Active Trader, FXCM Trading Station Desktop, FXCM Trading Station Web, FXCM Trading Station Mobile, and Mirror Trader. On any of the platforms clients have permanent access to financial news, market overviews, technical analysis.

FXCM has licenses from a number of regulators across the globe: US, UK, Hong Kong, Australia, and several European countries.

Armada Markets, 5th place finisher, in November has reported strong Q3 profit. The record trading volume amounted to $23.3 billion in October and net profit of $0.68 million in Q3 2014. The company expects to reach net profit of $2.4 – $2.7 million for the 2014 financial year. Armada Markets’ November report indicates that October 2014 financial results turned out to be 103% higher compared to October 2013, and 14% higher compared to September 2014. The broker sees the growing potential in the increasing number of clients from the Asia Pacific region and in the increased volatility on the world financial markets.

Armada Markets calls its clients “Smart Traders” explaining that they are mostly retail and institutional clients demanding fast execution, low spreads and low commissions. The broker provides proper environment to satisfy such requests., 6th place in November, is one of the world’s leading companies in online currency and CFD trading working with private traders. The broker is one of the industry veterans having started its operational work in 2001. The parent company of is GAIN Capital Holdings listed on the NY Stock Exchange. Hence, work complies with the ultimate standards of financial reporting, corporate management, and regulation.

 The company offers competitive pricing, proper trading orders’ execution and top-notch trading instruments, as its team spent over 10 years investing in informational technologies. has also elaborated a large network of liquidity providers, which allows the broker continuously offer tight spreads regardless of the volatile market conditions.

Every aspect of trading process at is automated so that the trades are executed extremely fast, at a best price and without any manual interference. 99.9% of all trades are executed in less than a second, with medium execution speed of 60 milliseconds. features several trading platforms so that traders of any kind can find suitable.

An important part of activities is education. Any new client has an opportunity to participate in lots of online webinars and trading courses and to receive personal advisory assistance from the company’s professional team. There are also advanced learning sessions for experienced fx traders. The broker does a lot to increase training and thus contribute to the knowledge, awareness and success of its clients.

24Option, 7th place finisher in November, is remarkable for transparency of all activities. The company dealing with binary options wants to make its clients feel safe and confident about any of their financial transactions with the broker and to have access to the company’s services at any time.

The company makes lots of daily practical efforts to help its clients increase revenue. At present 24Option is a leader of the online binary options trading due to stable work, trust from its clients, and ongoing improvement undertakings.

HY Markets, 8th position in November, is an online division of Henyep Capital Markets, an investment company based in London. It is one of the oldest and most reputable fx brokers operating since mid-1970s. HY Markets complies with the standards of a number of regulators: FCA, DFSA, SFC and MiFID.

Trading instruments available at HY Markets include stocks, commodities, indices, equities, energies (oil and gas), etc. Trader with one real trading account at HY Markets has access to all the available trading instruments. Automated trading and expert advisors are also part of HY Markets operational paradigm.

Clients speak of HY Markes as a competent and responsible forex broker. Among trading platforms HY Markets offers the world’s most popular MetaTrader4 as well as WebTrader and HYPRO.

The trading accounts start from $50 with leverage reaching up to 400:1 and tight spreads on major currency crosses ranging from 0.5 to 2 pips. The spread can be both fixed and variable. Traders can also try the broker’s services using free demo accounts. Expert advisors and automated trading are also on tap at HY Markets. “Hedging” trading strategy is also available.

HY Markets novice traders have access to free trading courses and books, software tutorials, learning videos and so on. Professional traders can also find useful theoretical data to enhance their trading skills.

The broker’s customer support team is multilingual and features highly professional stuff resolving claims promptly and efficiently. Processing of financial transactions at HY Markets is fast and smooth, and can be certainly named among the best in the industry.

OctaFX, 9th place finisher, in November has announced a generous real contest, “OctaFX Supercharged”. The contest runs from November 17th, 2014 until market closure on May 13th, 2016. The aim of the competition is the same as in the previous ambitious contest of OctaFX, “King of the Road”, and it was developed by the same team. The winners will be rewarded with innovative gadgets.

LiteForex, the company closing Top10, in November has introduced the new settlement system: as from now, the company provides direct deposits by bank cards, so there’s no longer need for using third-party payment systems and pay commission fees. Thus, deposit fees will be paid back to the clients’ accounts so that they will be able to use the entire deposit for trading. Generally, depositing funds by use of bank cards means speeding up the process; withdrawals are now processed to the client’s account linked to the bank card. As from now on bank card transactions won’t depend on third party processors this definitely adds to promptness and security of traders’ financial operations at LiteForex.

Such is the key takeaway of the November 2014 voting term. But, next month – with the beginning of the New Year 2015 - the entire Top may very differently, if so decide the site voters who favor forex brokers ‘on the attacking end’, no matter if they are industry veterans or assertive young companies.

Every first day of the month the previous voting results are discarded by us, and voting starts anew from ‘zero’ point. We deem that every listed broker deserves an equal chance to get to the top. With famous in the fx industry top places in our rating are really a certification mark of brokers’ achievements.

Each registered user is entitled to cast up to five votes within 24 hours. This means it is fast and easy to add to shaping an image of this or that forex broker listed on the site. In fact, brokers’ positions in the listing may change, sometimes in a matter of just minutes. In other cases, when a broker remains on the same rating line for a long time, this means traders’ support or discontent regarding the broker may have solid ground. site volunteers do a job that can hardly be overestimated: they evaluate brokers’ functioning and thus indicate which forex companies deserve trust of the new clients offering transparent and attractive trading conditions. This makes extremely attractive for forex newbies, who can learn valuable facts on the site, share their trading experience with other site community members, and contact forex brokers directly on the site (and surely get a first-hand reply).

In fact, is the place where any forex trader has a voice and can be heard by the industry leaders. We work both ways: provide direct communication with forex brokers and advise fx traders of all levels of experience.

New forex companies are at all times invites to join listing – to raise awareness of clients and potential clients, to get a lot of promotional options, and to have a permanent communication channel to address the traders. is unique in providing objective and true information about the forex market. The site is interactive, so any registered user can see for himself that discussion is effective and every opinion matters.

Register at and become a part of influential forex community!

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