Forex-Ratings.com is an online evaluation platform and knowledgebase that traces its history from 2006. We constantly keep to the principle of objectivity in our day-by-day monitoring of the global financial markets and their trends. At any given moment we have a ready and well-warranted answer on which forex companies are currently in the lead on the forex market, and which have climbed down and for which reason. The data array that has been gathered by our team during continuous years of work is really huge and certainly cannot be underestimated when it comes to choosing the right forex broker to trade with. We possess unbiased and detailed information on the quality of performance of various forex and binary options brokers, big names as well as short-lived companies. We make every effort to make forex industry each day more transparent and comprehensive.
At Forex-Ratings.com you will always know which companies offer best trading conditions, competitive pricing and have competent help desks. The companies’ benefits as well as weak points are displayed in full view at our site. With all the actual data provided by Forex-Ratings.com even novice traders can easily find an expert judgment on which forex broker is on top today. Due to principle of objectivity we give word to brokers’ supporters as much as to their fierce critics, to bring to light as many operational issues as possible. With all this information on open access, new forex or binary brokers’ clients open their accounts consciously and in awareness of potential drawbacks, such as, for example, slippage or impromptu finds’ withdrawal. The data on brokers’ performance available at Forex-Ratings.com proves that even the much praised market leaders do have hidden pitfalls at times, whereas new and assertive novice companies can provide excellent services despite of certain discrepancies in their daily operations.
This review deals features the top ranked fx brokers of March 2015 – in a combination and consequence determined by the Forex-Ratings.com voting community.
In comparison to the previous voting month of February, March Top10 has been 10% renewed: LiteForex has lost its top position and was replaced by a recent rating newcomer, Fort Financial Services, which has finished the March rally as high as the 5th place.
Top 10 Forex Brokers in March:
Congratulations to the March Top leader, FxPro! This broker certainly belongs to the number of the most reliable and steady performers in the forex industry. As usual, FxPro offers an unmatched assortment of instruments and trading assets. The variety of offers includes equities, spot metals and futures of various kinds, e.g commodity futures and spot futures.
FxPro traders can choose from a number of platforms, including upgraded versions of MetaTrader4, ECN FxPro cTrader, WebTrader, Mobile Platforms cTrader, MultiTerminal, and so on. The broker’s client support is among the best in the industry, keeping this perfect reputation for years now. Along with this, there’s hardly a forex event in the global calendar in which FxPro is missing: the broker frequently participates in various forex events and wins honorable titles on forex expos worldwide on a regular basis.
For the second year running FxPro has been recognized as Best FX Service Provider at the prestigious City of London Wealth Management Awards (COLWMA). The ceremony held in March at the Guildhall in the City of London was attended by some of the leading names in finance and wealth management.
At the very beginning of March 2015, in a bid to encourage greater transparency within the retail forex industry FxPro has published its latest slippage statistics related to February:
Positive = 53.8%
At Quote = 29.8%
Negative = 16.4%
This statistical data shows which proportion of trades were executed either in favor or against FxPro retail clients. The recent increase in volatility has made slippage generally more important; with this information published the clients are being fairly noticed of the current trades’ ratio. Spot FX is an OTC (Over the Counter) product of FxPro, so in this case clients can experience slippage, that is, execution of trades at a different price compared to the price displayed at the moment.
HotForex, the runner-up in March, is a world famous investment company and trading provider offering services in trading currencies and commodities. The broker deals with private traders as well as with investment companies and fund managers. HotForex guarantees its customers access to interbank spreads and liquidity through the most modern automated trading platforms and trading technologies. The platforms available at HotForex include HotForex MT4 Terminal, HotForex PAMM system, Hot Webtrader, Hot iPhone & Smartphone Trader, and Hot Android.
FXCM (Forex Capital Markets), the bronze winner of the March race, is a company established in 1999 and headquartered in New York. FXCM is now by right one of the most reputable fx companies working on the currency exchange market.
FXCM belongs to a limited number of leading fx brokerages offering services to the US clients. The broker is licensed in the US, UK, a number of European countries, Hong Kong and Australia.
FXCM works with institutional entities as well as individual traders and is considered to be one of the key market makers and liquidity providers. The broker offers currency trading as well as stocks, energy assets and metals.
FXCM offers an array of trading platforms, including, along with the world’s most popular MetaTrader4, such in-house products as Mirror Trader, FXCM Trading Station Desktop, FXCM Active Trader, FXCM Trading Station Web and FXCM Trading Station Mobile. All the platforms featured by FXCM provide constant access to the actual financial news, technical analysis and market overviews.
EXNESS, 4th place in March, managed to climb three Top ladder steps up compared to the previous voting month of February. The broker offers its services to corporate entities as well as to private traders, and is one of the leaders in global investment tracing its history from 2008. During years of operation EXNESS has received a number of prestigious financial awards including “Best Order Management 2013” and “Best Mini Broker 2013” by World Finance Awards. The company continuously works on improving the quality of the rendered services.
Platforms offered at EXNESS are world’s most popular MetaTrader4 and MetaTrader5. There’s no minimum deposit standard, and leverage ranges from 2:1 up to 2000:1; pip spreads on major currency pairs start from 0.1 pips. Also available are ECN accounts starting from $1,000. Hedging and automated trading are allowed at EXNESS.
For the purposes of enhancing transparency of transactions on the forex market and on the 13th of March EXNESS has released its trading volumes displaying the amounts of client withdrawals and agents’ commissions for the period 1 March to 31 December 2014. This report came on the heels of the previous one of the 20th of January, in which EXNESS had reported the company’s own funds. All the figures are audited by Deloitte, one of the world’s leading auditing firms.
EXNESS’ trading volumes for the period were US $536 billion, with average monthly trading volumes of US $178 billion, 7% higher than the average trading volumes for the previous months in 2014.
Since January 1st, 2015, EXNESS is an official partner of the Infiniti Red Bull Racing Formula 1 team. The partnership is to continue throughout the entire year. The broker contends that this pioneering initiative will do a lot to attract new clients and establish new business contacts around the globe.
On the last weekend of March the EXNESS team has attended the Petronas Malaysia Grand Prix and took an opportunity of developing important business contacts with the company’s south-east Asian partners in Vietnam, Malaysia, Indonesia and Thailand. EXNESS partners were meeting with the IRBR Team Principal Christian Horner, as well as with the Red Bull drivers Danil Kvyat and Daniel Ricciardo for an autograph session. Also EXNESS partners were accompanied on their tour to the team’s garage before the race where they saw the engineering team in action preparing cars for the race.
In the forthcoming month EXNESS plans to keep enhancing the south-east Asian business connections, and this interest appears to be mutual.
Fort Financial Services, 5th place, is a March Top10 newcomer. The company operates since 2010 and has clients in over 30 countries worldwide. Fort Financial Services is a licensed international financial broker operating under a license IFSC/60/256/TS/14 issued by International Financial Services Commission of Belize.
FFS offers a wide range of tradable contracts available among top 50 brokers of the world. Hundreds of contracts to choose from include over 150 currency pairs to trade on forex, binary options, CFD contracts (oil, gas, commodities, precious metals, stock indices, ETF contracts, currency futures and many more).
All the trading opportunities offered by FFS are specifically adapted to MetaTrader4, the world’s most popular and most reliable trading platform. The company also features NinjaTrader, a flexible and multifunctional trading platform dealing with different markets and trading instruments: forex, futures and stocks. For those who seek a more advanced level of trading FFS offers a CQG platform thus providing a direct market access to more than 40 world top exchanges through a global network of united exchange gateways and servers.
Forex.com, 6th place in March, traces its history from 2001; by now Forex.com is one of the leaders in currency trading and CFD trading. The company’s strong points are competitive pricing, first-rate trading tools, tight spreads, excellent performance and precise regulation.
The broker is famous for its diverse educational programs addressed to novice traders. In fact, any new Forex.com trader is offered a wide variety of trading courses and online webinars to choose from. Advanced sessions for experienced traders are also in place. The broker’s professional crew is ready to provide personal advisory assistance at any time.
Every stage of trading process at Forex.com is automated; therefore the trades are executed promptly and at a reasonable price. 99.9% of all deals at Forex.com are processed in less than a second with an average execution speed of 60 milliseconds.
OctaFX has finished the March rally on the 7th position. This broker provides forex brokerage services to its clients in more than 100 countries across the globe. OctaFX sets the highest service level standards and continuously introduces new services and promotions. The broker appeals to the latest technologies and findings to make clients’ currency trading experience more comfortable and secure.
The offers available at OctaFX include ECN accounts and micro accounts. The strong points of the broker are low spreads, fast execution and true ECN offset.
In spring 2015 OctaFX keeps on promoting the innovative cTrader platform. Demo contest winners receive significant money prizes of up to $150 in the each contest tour. Participation in the OctaFX cTrader Weekly demo contest allows trading for a week to decide whether cTrader is the right choice for the trader.
In March OctaFX has upgraded all the actual demo contests so that they now have the cutting-edge features of the broker’s promo blockbuster, ‘Supercharge’ real contest. The freshly redesigned contests, OctaFX Champion and cTrader Weekly have gotten new looks. What is more, OctaFX demo traders can now enjoy all the benefits offered by the broker’s innovative contest platform. From now on, trading on a demo account at OctaFX allows accumulating achievements, interacting with fellow traders and reviewing other traders’ profiles.
HY Markets, 8th position in March, is an online division of Henyep Capital Markets, a London-based investment company. This broker operates since mid-1970s and is known as one of the most reliable industry operators.
Trading instruments offered by HY Markets include stocks, indices, commodities, equities, and much more. It takes just one real trading account at HY Markets to have access to all the available instruments. Demo accounts are also available, as well as expert advisors and automated trading. HY Markets complies with the standards of the pivotal regulatory agencies: FCA, DFSA, SFC and MiFID.
NordFX, the 9th place finisher in March, is a company headquartered in India. The broker offers a broad range of forex services and takes pride in its trendsetting business standards.
Trading platforms available at NordFX include MetaTrader4 and MetaTrader5, including versions customized for iOS and Android mobile devices. Along with this, there are Integral NFX Trades and ZuluTrader at the service of the company’s clients. Therefore, NordFX traders have access to all advanced trading software allowing to comfortably open and close orders from anywhere in the world. In addition, NordFX makes Signals MQL5, yet another automatic trading facility.
Trading conditions at NordFX are flexible and include "Micro" accounts starting from $5, tight fixed spreads (from 2 pips) and variable spreads (from 0 pips) on different types of accounts. The broker allows traders to use expert advisors and any trading strategies including news trading and scalping. NordFX client support deserves a special notice being available in ten languages, including English, Spanish, Chinese, Russian, Arabic and Portuguese.
On the 10th of March, 2015, during the annual IAIR Awards ceremony in Hong Kong, NordFX has won Best Broker / Forex Trading India. In fact, this is a recognition of the broker’s efforts in the region: India and Southeast Asia as a whole are one of the major areas of focus for NordFX.
Also March of 2015 at NordFX has become a jubilee month, as the number of trading accounts in the company has reached 1,000,000. Each month the company gets thousands of new registrants who are attracted by the company’s strong image. The company declares its standards of quality and reliability to be among the best in the industry.
Regardless of the deposit amount, any NordFX customer is capable of receiving decent help desk services as well as access to latest online trading technologies and products. A wide selection of trading account types, platforms and instruments, innovative autotrading and signal copying services – all of that makes trading at NordFX not just convenient but also highly profitable. Recently NordFX has also launched a binary trading platform to attract new segment of online traders.
TickMill (former Armada Markets), is a company closing Top10 of March. This young and assertive forex broker works in the Forex market since January 1st, 2015. The company specializes in retail brokerage services.
Tickmill’s operational highlights include spreads from zero pips, a transparent ECN (full STP and DMA) platform permitting all strategies including scalping, and a wealth of diverse trading instruments including 64 currency pairs as well as CFDs, precious metals, and related commodities.
CFDs have been launched during the very first quarter of operations of the new broker as this was the commitment of Tickmill to its clients. A CFD, also known as 'Contract for Difference', is a derivative product that gives opportunity to make money from both falling and rising markets: the flexibility of CFDs in fact provides an excellent hedge against losses. Therefore, traders can easily use CFDs to protect themselves against unexpected market movements. As there’s no expiry date, a CFD allows traders to hold their positions for as long as they wish. The eight major CFDs introduced by Tickmill are based on the most liquid markets hence providing its traders the best opportunity to succeed.
Tickmill’s personnel consist of traders with years of professional experience. Tickmill team has successfully traded on all major financial markets from Asia to North America. The broker’s clients have access to the innovative trading technologies due to the modern multi-functional and the most popular trading platform MetaTrader4 which runs at several synchronized high-speed data centers including those in Zurich, New York and London.
Such are March 2015 voting results. Keep an eye on the ever-changing voting results - the next month’s list of results may look completely different! Voting results and winners of the rating Top positions are determined by the Forex-Ratings.com registered users who vote for or against the listed forex brokers. Each voter can give regular support to his/her favorite company, and also it is not at all prohibited to give ‘nay’ votes to any competitors of the favorite broker.
On 1st day of every new month all the previous voting results are automatically brought down to zero. We at Forex-Ratings.com believe that it is fair to provide equal chances to all the listing participants who persistently climb to the top.
Forex-Ratings.com registered users are able to cast up to five votes within every 24 hours. In fact, listing positions can at times change to a large extent within a short period of time; in other cases, votes’ figures remain unchanged for a long time.
Forex-Ratings.com community does a great job evaluating forex brokers and thus helping fellow traders decide in favor of a forex brokerage offering comfortable trading terms and competent customer service.
Every new Forex-Ratings.com visitor of any level of trading experience is welcome to join our active community. Each vote matters and each opinion adds to the panoramic view of the global currency trading.
At the same time we constantly and restlessly work with brokerage firms promoting them on the site. At all times we invite new forex companies to join our rating and thus to raise awareness of the new offers that have emerged on the forex market. We provide interactive entourage, competent and active audience, and a great potential to attract new valuable clients.
The interaction platform offered by Forex-Ratings.com to the global forex community is unique. Our continuous work of many years proves that every opinion and every vote is essential when it comes to shaping an objective image of the foreign exchange market.
We pledge word to every site visitor who has a position and an opinion regarding any aspect of fx trading. Despite of the level of experience and number of years in trading, any forex trader can speak and be heard on Forex-Ratings.com
Every opinion matters on Forex-Ratings.com Join us and share your vision and expertise with our community!
Forex-Ratings.com for over ten years now is known to feature the strongest and most prospective leaders of forex and binary options markets across the globe...
For over ten years now Forex-Ratings.com is known as a source of consistent and reliable information showing who's who on the forex market...
Forex-Ratings.com is forex database that keeps on continuously developing since its launch in 2006. We highlight all the trends of the present-day forex market and range...
For many years in a row Forex-Ratings.com is continuously monitoring the activities of the headliners of the currency trading market. Along with this, we give due attention the prospective...
Forex-Ratings.com, since its launch it 2006 and up to date, accurately keeps the chronicle of the best-performing forex brokers...
Forex-Ratings.com keeps on doing its never-ending work of evaluating forex brokers since 2006. During years of steady and in-depth research we have elaborated a huge base of business information related to the majority...
During years of practical and never-ending work we have developed an array of criteria to define which brokers are trustworthy, transparent, and have a great potential on the market...
The essence of Forex-Ratings.com is that it is a platform allowing any community member, including newbie fx traders, to contact forex and binary industry giants directly and to be sure to receive their prompt and competent response...
Forex Ratings invites both beginners and experienced forex traders to express their opinion on the key forex brokers of today, and to vote for/against any forex broker featured on the list. Forex Ratings community determines which companies are the best providers...