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The Forex-Ratings.com community consists of private forex and binary traders, as well as bloggers and journalists writing on financial topics. The site frequenters and enthusiasts share their findings on forex and binary brokers, write reviews and share their opinions on various aspects of the forex market. Moreover, the registered site users can cast votes for/against listed forex brokers on a regular basis: at least three times within every 24 hours.
As for the ‘Best of the Best’ list issued by Forex-Ratings.com every month in accordance with the actual voting statistics, the September brokers’ rating has yet another time demonstrated the strong and steady positions of the Top10 leaders. These are, first off, FxPro (the ‘gold’ of September), FIBO Group (the ‘bronze’ finisher), HYCM (6th place), HotForex (7th place), Fort Financial Services (7th place), FBS (9th place) and XM.com (10th place).
The ‘silver’ medal of the September rally goes to FOREX.com which has improved its August rating position; on the contrary, the 4th place of FXCM is two steps down from its excellent performance one month earlier. Generally, the Top10 in September has been 10% renewed, as NordFX is now out and replaced by the new ambitious broker, FXTM (5th place).
Let’s have an in-depth look at the list of the ‘Best of the Best’ forex brokers of September 2016.
FxPro, the leader of the September Top10, is a classic brokerage company with years of work on the forex market in its background. The company is an industry veteran, as it has been established in 2006. It is headquartered in Cyprus.
Trading assets and instruments offered at FxPro form a broad assortment to choose from. FxPro ECN accounts start from $1,000. However, FxPro offers not only currency trading but also trading equities, spot metals, index futures, commodity futures and energy futures. FxPro offers price feeds and tight spreads to its clients, which makes futures trading with the broker comfortable and handy.
Trading platforms offered by the 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.
The runner-up of the September race is FOREX.com. This forex market veteran traces 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, advanced trading tools and transparent trading execution.
FOREX.com is also famous for its various educational programs for beginners. FOREX.com hosts webinars and video tutorials, its clients always receive quality support services from the team of professional fx traders. FOREX.com management has invested years of constant work into developing new trading technologies and elaborating a liquidity network of trading partners, therefore the broker is able to consistently quote tight spreads regardless of the current conditions on the financial markets.
FIBO Group is the September 2016 ‘bronze’ finisher. Financial Intermarket Brokerage Online Group has been established in 1998, which means this forex company 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 sticks 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.
In September FIBO Group has announced its MENA FOREX & Investment seminar in Dubai on October, 28. The subject is “Oil, Gas and the US Presidential Elections”. The seminar is aimed at traders and investors interested in the oil and gold pricing factors and willing to get an in-depth analytical overview of the events affecting the volatility of the financial markets. Dubai has been chosen a venue for this workshop, as this is a booming commercial center with the unique business conditions.
The 4th position of the September 2016 listing belongs to FXCM. The company is known as one of the well-reputed companies operating on the global forex market. The broker traces its history from 1999.
FXCM is headquartered in New York and is one of a limited pool of big forex brokers working with US clients. The company is licensed in the US, UK, a number of European countries, Hong Kong and Australia. The client support of FXCM clients is delivered in ten languages including Arabic, Chinese, Portuguese, Russian and Spanish.
FXCM features an array of trading platforms, including, along with the world’s most popular MetaTrader4, such in-house products as Mirror Trader, FXCM Active Trader, FXCM Trading Station Desktop, FXCM Trading Station Web and FXCM Trading Station Mobile. All the FXCM platforms provide constant access to the latest financial news, technical analysis and market reviews.
FXCM offers not only currency trading, but also trading on stocks, metals and energy assets. The company is considered to be one of the major liquidity providers and market makers. It works with individual traders as well as institutional entities.
In September FXCM has announced the launch of the Forex Market Depth Indicator exclusively for its flagship Trading Station platform. The Forex Market Depth Indicator allows FXCM clients to see up to five levels of liquidity and depth for 17 of the most traded currency pairs. Traders have insight into the sentiment of the company’s pool of liquidity providers and are able to estimate how much volume is available at a given price, which provides an indication of potential market direction. This option has been elaborated for the Standard accounts featuring No Dealing Desk Execution.
FXTM is a broker keeping the 5th line of the September rating on Forex-Ratings.com
This Cyprus-based brand was launched in 2010, with a unique vision to provide special trading conditions and all-encompassing educational tools for its clients.
In the course of just a few years FXTM has firmly established itself as a global broker. FXTM ensures that its trading and investment products and services are efficient, reliable and effective.
Featuring one of the most elaborate educational centers in the forex industry, FXTM is empowering its clients with trading knowledge so that they get the most out of their trading experience. With multiple industry awards under its belt already, including a total of seven in 2015, FXTM continues to grow and build its perfect business reputation.
In September FXTM has announced that the company is going to be the Platinum Sponsor at the upcoming 2016 Brokers Show Expo in Shanghai, China, on 22nd October, which is to be followed by an exclusive Ultimate Trading Formula Seminar on 23rd October.
HYCM, 6th position in September, is one of the frequenters of Forex-Ratings.com charts. HYCM is a trading name of Henyep Capital Markets UK Ltd.
The company belongs to a global conglomerate working in currency trading and financial services, property, education, etc. in more than 20 countries across the globe. HY Group is registered and authorized in UK, Hong Kong, United Arab Emirates, and other business jurisdictions of prime importance.
HYCM offers a variety of trading instruments: currency trading as well as trading energies (oil/gas), metals, commodities, equities, stocks, indices and many more. It is possible to apply any of the offered trading tools from the same trading account. The broker also features demo accounts for novice traders.
The broker’s trading platforms include MetaTrader4 as well as Webtrader and HYRPO. Trading accounts at HYCM 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. HYCM clients can use automatic trading too. Expert advisors and such trading strategy as hedging are also available.
HotForex, 7th place in September, is an investment company and a trading provider famous worldwide. HotForex deals with investment companies and fund managers as well as with private traders offering services in trading currencies and commodities. The company was founded in 2007 and is headquartered in Mauritius. Correspondingly, the broker’s activities are regulated by the Financial Services Commission of the Republic of Mauritius (FSC).
The platforms available at HotForex include HotForex PAMM system, HotForex MT4 Terminal, Hot Webtrader, Hot iPhone & Smartphone Trader, and Hot Android. The broker guarantees its customers access to interbank spreads and liquidity through the most modern automated trading platforms and trading technologies. The highly professional HotForex support service is available worldwide 24/5.
Fort Financial Services, 8th place finisher in September, is a licensed international forex 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.
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.
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).
In September FortFS has announced the launch of a unique trading contest “Money never sleeps!” with the prize fund of 25 000 USD. The contest runs between October 5th and November 18th, 2016.
FBS, 9th place in September, is a forex broker launched in 2009. As of now, it has its offices in 8 countries worldwide. FBS features the MetaTrader 4 and MT Mobile forex online trading top platforms. The broker works with 29 forex pairs, gold, silver, other metals, and CFDs for investment and trading options. The client support is provided in 13 languages.
In September FBS has announced that order number limit for all FBS clients has been increased. This means new abilities to implement trading strategies, more flexibility and an opportunity to make twice as much profit. Order limit for Cent accounts has been increased from 50 to 100 orders. Unlimited accounts have seen no changes. The owners of this account type can still enjoy the unlimited amount of orders.
For all other account types (Micro, Standard and Zero spread) the order limit has been doubled and now amounts to 200 open orders.
XM.com is the broker closing Forex Ratings ‘best ten’ of September 2016. XM.com is a trading name of Trading Point Holdings Ltd, which wholly owns Trading Point of Financial Instruments Ltd (Cyprus) and Trading Point of Financial Instruments Pty Ltd. (Australia)
XM is a European Licensed Financial Institution offering trading in Forex, CFD’s and Futures through the MT4 Platform.
XM clients benefit from direct access to the financial markets in over 100 financial instruments including forex, equity indices, precious metals, and energies, with transparent real-time pricing, lowest spreads, and flexible leverage.
The series of prestigious gala events organized by XM continues. The next two flagship events are to be held in two Southeast Asian capital cities: Bangkok and Kuala Lumpur.
The gala event in Thailand takes place at Shangri-La Hotel Bangkok on 22nd October, while the grand event in Malaysia awaits guests at the Mandarin Oriental in Kuala Lumpur on 5th November.
The opportunity to win fantastic prizes worth a grand total of $60,000Â will present itself for guests who enter the XM Lucky Draw at each location, featuring a Mazda CX3 as the top prize in Bangkok and a Nissan Almera as the first prize in Kuala Lumpur.
Top 10 Forex Brokers in September 2016:
- FOREX.com ↑
- FIBO Group
- FXCM ↓
- FXTM (new)
- Fort Financial Services
These were the September 2016 voting results. With all the said above, the next month’s Top10 list may turn out to be remarkably different. In fact, every 1st day of the month the charts are cleared up and the voting rally starts anew from ‘zero’ point. Correspondingly, any of the listed brokers has a chance of raising up to the rating top.
Our voting system is clear and transparent. Our site voters are those who decide which forex companies currently deserve top positions in the rating, and which have performed not so well. Every vote adds to the configuration of the monthly report. 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.
With us you always know how to find the right forex broker. In fact, rating results shaped by the Forex-Ratings.com voters influence the future traders’ activities and answer the primary question, that is, whether a forex company of choice is reliable and worthy to trade with.
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