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This review deals with November 2015 voting results and highlights the Top10 of the month. Compared to the previous voting month of October, the ‘best of the best’ list is 20% renewed: new entrants are FOREX.com (6th place) and HY Markets (10th place), the site’s rating frequenters. November Top10 has been left by HotForex and XM.com We say good-bye to these distinguished brokerages and hope to see these brands among our top brokers again soon!
Same as one month ago, the gold and the bronze position have been retained by the same fx brokerages, with FxPro as an absolute leader and FIBO Group as the bronze finisher. The runner-up of November is OctaFX, and this is yet a new achievement by this assertive broker: one month earlier OctaFX was occupying the 4th position, which was indeed very honorable as well. Along with this, FXCM has managed to keep its 5th position for the second month in a row, which is definitely an indicator of stable performance and traders’ appreciation. Positions of NordFX, Fort Financial Services, EXNESS and Roboforex have slightly deteriorated compared to the previous voting month of October.
FxPro, the leader of the November Top10, is an exemplary brokerage company with years of work on the forex market in its background. The company is Cyprus-based, and it has been established almost ten years ago, in 2006. Trading assets and instruments offered at FxPro form a broad assortment to choose from. FxPro ECN accounts start from $1,000.
Trading platforms offered by this broker include FxPro MetaTrader4, ECN FxPro cTrader, FxPro Multiterminal, FxPro Mobile Platforms. FxPro vault system provides prompt cash operations. Hedging and scalping are available for FxPro clients. As an NDD broker FxPro offers top-tier liquidity and superior execution technology.
FxPro offers not only currency trading but also trading spot metals, equities, commodity futures, energy futures and index futures. The broker offers tight spreads and price feeds, which make futures’ trading with this broker handy and convenient.
All the new offers are designed to help FxPro clients to diversify their trading activities. The broker keeps on expanding and improving its services on a constant basis.
The runner-up of the November race is OctaFX. This broker provides currency trading services to the clients in 100+ countries throughout the world. The strong points of the broker are low spreads and fast execution. Among OctaFX offers are ECN accounts and micro accounts.
OctaFX operates on the basis of the latest technologies and findings to ensure that their clients’ trading is safe and comfortable. The broker keeps up with the highest level of the service standards and introduces new services and promotions continually.
In November 2015 OctaFX has introduced the MT4 web platform allowing clients to trade from any browser and on any operating system without downloading and installing the software. Available are all the major tools, including chart trading and one-click trading.
A few days before the end of November OctaFX has announced the launch of yet another convenient deposit option for its clients, this time in Malaysia. OctaFX clients residing in this country can now use local banks, namely CIMB Bank and Maybank, to make deposits or withdraw funds. No additional fees are charged, the minimum deposit amount is only $5.
FIBO Group is the November 2015 ‘bronze’ finisher. Financial Intermarket Brokerage Online Group has been established in 1998, which means this fx broker is one of the oldest players in marginal Internet trading.
All the services offered by the FIBO Group holding meet the international standards and all the applicable regulatory norms. In its day-by-day work FIBO Group adheres to the principles of strict compliance to the applicable laws and orders issued by the national regulators as well as protection of the clients’ interests.
The honorary 4th position of the November 2015 listing belongs to NordFX. This India-based company has a variety of forex services to offer, at that all the offers comply with the global forex industry standards.
NordFX offers its customers MetaTrader4 and MetaTrader5 trading platforms as well as MT versions customized for iOS and Android mobile devices. NordFX traders can choose from a variety of advanced trading software available to them. NordFX traders can comfortably open and close orders from anywhere in the world; Integral NFX Trades and ZuluTrade are also at the service of the NordFX clients.
Trading conditions offered by NordFX are flexible and include "Micro" accounts starting from $5, tight fixed (from 2 pips) and variable spreads (from 0 pips) on different types of accounts. The broker allows traders to use EAs and various trading strategies including news trading and scalping. NordFX client support deserves a special notice for providing services in ten languages including Arabic, Chinese, Portuguese, Russian and Spanish.
In November the website of NordFX has been completely redesigned: not only the overall layout has been reworked, but also the broker’s team has done a big job on the information content, navigation usability and visual elements. Due to renovation operational speed of the NordFX website has significantly increased. The specially designed interface allows NordFX clients find necessary sections and services in just a few moments. Moreover, new informational and educational segments have been added to the NordFX website; the library of fx e-books and videos has been updated as well.
In November NordFX has introduced a fast, secure and efficient way to trade binary options – a free mobile application for iOS and Android devices. Minimal deposit is $1 / 1€. The application allows trading 6 types of options: Binaries, One Touch, Pairs, Ladder, 60 Seconds, Long Term. The range of the trading assets includes currencies, commodities, stocks and indices. The application features newsfeed so that the clients are able to follow all the key market events and can make well-based decisions.
The 5th position of the November voting belongs to FXCM, which is known as one of the most prominent and stable forex brokers and investment companies operating on the global financial markets. The company has been established as long ago as in 1999 and is headquartered in New York, US.
The key FXCM's client offering is NDD forex trading. Clients benefit from FXCM’s large network of forex liquidity providers enabling FXCM to offer competitive spreads on major currency pairs. $2,000 is a minimum deposit for a standard account with leverage approximately 50:1 and pip spread on majors approximately ranging from 0.2 to 1.5.
The company offers a number of trading platforms including Mirror Trader, FXCM Active Trader, FXCM FXCM Trading Station Web, Trading Station Desktop, FXCM Trading Station Mobile, and the most popular in the world MetaTrader4. FXCM's U.K. subsidiary, Forex Capital Markets Limited, also offers CFD products with no re-quote trading and allows clients to trade gold, silver, oil and stock indices along with forex on one platform. Depositing and funds withdrawal on FXCM are available through multiple payment systems and are fulfilled in the shortest time possible.
FXCM novice traders have access to the free services of the broker’s Educational Center that offers learning courses, webinars, forex books and manuals, etc.
FOREX.com, 6th place in November, is a forex broker tracing its history from 2001. The parent company of FOREX.com is GAIN Capital Holdings which is listed on the New York Stock Exchange. FOREX.com adheres to the high standards of corporate governance and financial reporting.
During years of operation FOREX.com has been rated high being one of the leaders in currency trading and CFD trading. The broker offers a variety of trading platforms to meet the needs of different kinds of traders. The principal advantages of FOREX.com are reasonable pricing, tight spreads, top-notch trading tools and transparent trading execution.
FOREX.com is also famous for its various educational programs for novice fx traders. FOREX.com hosts webinars and video tutorials, its clients can at all times expect quality support services from the team of professional fx traders. FOREX.com staff has spent more than ten years investing in informational technologies and elaborating a liquidity network of trading partners, therefore the broker is able to consistently quote tight spreads regardless of the situation on the financial markets.
Fort Financial Services, 7th place in November, is a licensed international fx broker operating under a license IFSC/60/256/TS/14 issued by International Financial Services Commission of Belize. FFS traces its operational history from 2010 and has clients in more than 30 countries worldwide.
Fort Financial Services offers a broad range of tradable contracts available among top 50 brokers of the world. Available are hundreds of contracts to trade on forex, binary options, CFD contracts (oil, gas, commodities, precious metals, stock indices, ETF contracts, currency futures and many more).
The trading opportunities offered by Fort Financial Services are specifically adapted to MetaTrader4, the world’s most sought-after trading platform. The company also features NinjaTrader, a multifunctional trading platform dealing with different markets and trading instruments: forex, stocks and futures. For traders seeking a more advanced level of trading Fort Financial Services 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.
On 6-8 of November, 2015, Fort Financial Services has participated in Money Fair Shanghai Expo. Money Fair Shanghai is a regular exclusive event that unites professionals of financial industry and provides broad opportunities of presenting new products to the clients.
EXNESS, 8th place finisher in November, is one of the world’s leading forex brokers. EXNESS works on the currency exchange market since 2008. The company provides a wide range of services both to private traders and corporate clients and has offers addressed to clients of different levels of experience.
Platforms featured by EXNESS are 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.
Since the beginning of the year 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 claims that this groundbreaking initiative is exceptionally attractive for the new clients and that it helps developing business contacts all across the globe.
At the beginning of November EXNESS Group has published statistical figures for Q3 2015. The broker’s trading volume of the period has amounted to US$599.3 billion. Despite a year-on-year growth compared to the same period last year, the performance of Q3 still shows a 9% decline compared to Q2's trading volume of US$660.5 billion.
Looking ahead to Q4 2015, EXNESS Group is expecting growth in volatility of the forex market. Additionally, the Group foresees an increase in trading volume due to the possibility of the ECB and Bank of Japan expanding their asset purchase programs, as well as a hike in key interest rate in the US in December.
RoboForex, 9th place in November, is a New Zealand based broker. RoboForex works with all kinds of traders, from newbies to owners of professional ECN accounts. Trading terminals available at RoboForex include MetaTrader4, MetaTrader5 and cTrader. A variety of the trading instruments offered by RoboForex helps its clients try a variety of trading strategies. Along with this, the broker has its niche on the forex market as an active educator running online events dedicated to the forex trading basics, price action patterns, forecasting, and so on.
In November RoboForex has continued its European expansion. On 19-21 of November the broker has taken part in a ‘World of Trading 2015’ Expo in Frankfurt am Main, Germany. The program of "World of Trading 2015" featured a trade fair, conferences and seminars, which attracted traders with different skills and experience, from beginners to professionals.
HY Markets is the broker closing Forex Ratings ‘best ten’ of November 2015. HY Markets is a market name of Henyep Capital Markets UK Ltd. The company is a part of the global conglomerate working in currency trading and financial services, property, education, etc. HY Group is registered and authorized in UK, Hong Kong, United Arab Emirates, and other business jurisdictions of prime importance, all together in more than 20 countries worldwide.
HY Markets offers a number of trading instruments, such as currencies, commodities, energies (oil/gas), metals, stocks, indices, equities, and many more. A single trading account at HY Markets gives access to any of the offered trading tools. HY Markets has fast and direct automatic execution of all of its products benchmarked on the largest exchanges such as COMEX, NYMEX, and others.
HY Markets features such trading platforms as MetaTrader4 as well as Webtrader and HYRPO. Trading accounts at HY Markets 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. HY Markets clients are allowed to use automated trading. Hedging and expert advisors are also available. New HY Markets clients may try a free demo account to get a better idea of the broker’s offers.
Unlike forex only providers, HY Markets allows its clients to gain exposure to multiple capital markets, thus allowing investors to develop a diverse portfolio from a single integrated account. This allows clients to diversify their investments as well as benefit from the ability to trade multiple strategies.
Top 10 Forex Brokers in November 2015:
- OctaFX ↑
- FIBO Group
- NordFX ↓
- FOREX.com (new)
- Fort Financial Services ↓
- EXNESS ↓
- RoboForex ↓
- HY Markets (new)
These were November 2015 voting results. However, next month’s Top10 list may look significantly different. Every 1st day of the month the previous Forex-Ratings.com voting results are cleared up. Hence, the new month’s voting marathon starts anew from ‘zero’ point. Due to this provision each listed broker has a chance of climbing up to the top of the rating.
Our voting community decides which forex brokers currently deserve the top position in the rating, and which have performed not so well recently. Each voice matters and every vote contributes to the results of the monthly report. Our system provides voting transparency. Hence, at any given moment the brokers take their rating positions by right, as this is supported by the number of real-time votes given for/against the brokers.
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