December 2016 Top Forex Brokers: Recognizing Top Rated Forex Brokers of 2016

Forex-Ratings.com is doing its continuous job of evaluating forex brokers’ performance since 2006. 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. Forex-Ratings.com takes pride in being one of the leaders of the forex news market for years in a row, and we keep up with the high operational standards on a daily basis.

The Forex-Ratings.com homepage rating table features the best brokers of today, and introducing them to our audience it also provides a feedback channel: any question or comment of a site visitor addressed to a forex company is to be answered officially and directly. For any forex company, taking part in the Forex-Ratings.com listing is an optimal, fast and handy way to promote, raise awareness of its offers and to receive prompt evaluation of its performance from the traders.

Our vast database is available to any forex trader who might need it: on our platform site visitors can find all the relevant information about the forex brokers that have ever been listed on the site. Adding new unique comments and reviews by the traders is also available. In general, Forex-Ratings.com frequenters form an active and broad community ensuring real, up-to-date and objective feedback.

This review introduces best fx brokers of the final month of 2016 and thus winds up the toppers’ performance results of the entire year. During the final lap some of the brokers have improved their performance (HYCM, FBS, FXCM), some, on the contrary, have stepped somewhat down (FOREX.com, Fort Financial Services, XTB), whereas the pack leader, FxPro, has managed to withhold its top position. Steady performance in December has also been demonstrated by FIBO Group and HotForex.

Let’s now have a deeper look at the Top brokers’ offers and activities as of December 2016.

Congratulations to the December 2016 Top10 leader, FxPro! The company has been established in 2006 and is headquartered in London, UK. The client base of this broker is growing incessantly. Trading accounts with FxPro start from $100 with the leverage at 500 and tight pip spread on majors at 0.5-1.3, the spread is variable. The range of the broker’s trading assets and instruments includes shares, futures, spot metals, spot indices and spot energies.

FxPro trading platforms feature latest versions of MetaTrader, cTrader, MultiTerminal, WebTrader, Mobile Platforms and ECN FxPro cTrader. MT4 and cTrader platforms are especially popular, as they ensure fast and correct trade execution.

FXTM, the runner-up of the December rally, is a Cyprus-based brand was launched in 2010, with a unique approach to provide special trading conditions and all-encompassing educational tools for its clients.

FXTM ensures that its trading and investment products and services are efficient, reliable and effective. During only a few years of activity FXTM has firmly established itself as a broker of a global level.

On the 17th of December, 2016, FXTM held an Ultimate Trading Formula seminar in Dubai hosted by none other than FXTM’s Head of Education, Professor Andreas Thalassinos, and FXTM’s Chief Market Strategist and CNBC Arabia host, Hussein Al Sayed. The seminar has provided to its attendees an exclusive opportunity of learning the ins and outs of forex trading and shared insights on the financial markets. 

FIBO Group (Financial Intermarket Brokerage Online Group), the ‘bronze’ finisher of December, is one of the oldest companies in marginal Internet trading. The broker was established in 1998.

All the services offered by the FIBO Group holding meet the international standards and all the applicable regulatory norms. The major principles of the company’s performance are transparency, protection of the clients’ interests and strict compliance to the applicable laws and orders issued by the national regulators.

In December FIBO Group company was awarded “ Best FOREX broker in Europe” at Moscow Financial Expo 2016. Along with this, the broker has also been recognized in the “Best Standard Forex Broker” and “Best PAMM Service Broker” Nominations.

 HYCM, 4th place of the December Top10, is one of the frequenters of Forex-Ratings.com charts. HYCM is a trading name of Henyep Capital Markets UK Ltd. 

The broker’s trading platforms include MetaTrader4, Webtrader and HYRPO. Trading accounts at HYCM start from $50 with leverage reaching up to 400:1, and tight spreads on major currency crosses range from 0.5 to 2 pips. The spread can be either fixed or variable. HYCM traders are allowed to use automatic trading. Hedging and expert advisors are available too.

HYCM offers a variety of trading instruments: currency trading as well as trading equities, commodities, indices, stocks, and more. HYCM trader can use any of the offered trading tools from the same trading account. Demo accounts for newbies are also available.

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 several other globally recognized business jurisdictions.

The 5th place finisher of December 2016 is FBS. This forex broker has been launched in 2009. As of now, it has offices in 8 countries around the world. 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 December FBS was awarded with the "Top Broker Forex in Quality Service” 2016. This award recognizes achievements of the broker operating in 120 countries with 8000 partner and client accounts being opened daily. Moreover, FBS has been awarded as the "Broker of the Year - Latin America" 2016 by IAIR® - research institute and a global independent publishing house.

FXCM, 6th place in December, is one of the leaders of the online currency trading market, a major liquidity provider and a market maker. The company has been established in 1999 and is headquartered in New York, US.

FXCM works with private traders as well as with institutional customers all across the globe, including American residents, which gives the broker special advantages on the forex market. The broker provides its customers with an array of trading tutorials, learning courses, forex books and webinars. FXCM also offers free services of its’ Educational Center to the new traders.

The broker is the license holder approved by the industry principal regulators from around the globe, including US, UK, EU, Hong Kong and other.

FXCM offers a wide range of platforms targeted to meet the needs of various types of traders. The offer includes the world’s popular MetaTrader4 along with FXCM Active Trader, Mirror Trader, FXCM Trading Station Desktop, FXCM Trading Station Web and FXCM Trading Station Mobile. On any of the offered platforms the broker’s clients have access to the currency updates, technical analysis and market reviews.

FXCM offers competitive spreads on major currency pairs. The key offer of the broker is NDD forex trading. Forex Capital Markets Limited, the UK subsidiary of FXCM, also offers CFD products with no re-quote trading. Moreover, it allows clients to trade not only forex, but also stock indices, oil, gold and silver, all on one platform.

In December FXCM has launched Live Trading Integration with algorithmic trading platform QuantConnect, which is cloud-based. At present, only the broker’s US clients are able to use this service.

QuantConnect is a platform for strategy creation, backtesting and deployment. It was designed by algo traders for algo traders. It is built on an open-source, desktop-cloud hybrid trading platform designed in C#. Moreover, it is data-agnostic, and therefore capable of trading all FXCM forex products.

QuantConnect users can access FXCM’s historical tick, second and 1 min price history dating back to 2007, as well as search thousands of solutions, clone algorithms with one click, and get advice from experienced quants. As a result of the partnership, algo traders can run their strategies with no restrictions and benefit from anonymous order execution.

FXCM is not the first major forex broker to launch live trading integration with QuantConnect – Oanda and Interactive Brokers have already integrated with the revolutionary platform that combines cloud computing and open data access.

FOREX.com, 7th position by the results of the December rally, is a US-based forex broker established in 2001. The parent company of FOREX.com is GAIN Capital Holdings which is listed on the New York Stock Exchange. FOREX.com keeps up to the high standards of corporate governance and financial reporting.

During years of operation FOREX.com has earned a reputation of 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 comprehensible trading execution.

FOREX.com is also renowned for its various educational programs for novice traders. FOREX.com hosts webinars and video tutorials, its clients receive quality support services from the team of professional currency traders. FOREX.com management had dedicated many years to the research of informational technologies and into elaborating a liquidity network of trading partners. Thus, this broker is able to consistently quote tight spreads regardless of the situation on the financial markets.

Fort Financial Services, 8th position in December, is a company launched in 2010. Fort Financial Services is a licensed international fx broker operating under a license IFSC/60/256/TS/14 issued by International Financial Services Commission of Belize. At present it has clients in more than 30 countries around the world.

The trading opportunities offered by Fort Financial Services are specifically adapted to MetaTrader4, the world’s most popular and trustworthy trading platform. The company also features NinjaTrader, a multifunctional platform dealing with various markets and trading instruments: forex, stocks and futures.

For traders seeking a more advanced level of trading Fort Financial Services offers a CQG platform. By that it provides a direct market access to more than 40 world top exchanges through a global network of united exchange gateways and servers. Hundreds of contracts to choose from include 150+ currency pairs, binary options, CFD contracts (currency futures, commodities, stock indices, energies, precious metals, ETF contracts, and so on).

In mid-December Fort FS has announced the launch of its yearly promotion, the “Christmas Fairy Tale». All trading accounts with the balance of above 100 USD (or equivalent) qualify to participate in this promotion.

HotForex, 9th place finisher in December, is a frequenter of Top10. The company offers services in trading currencies and commodities. It works with funds and investment companies as well as with private traders.

The platforms available at HotForex include HotForex MT4 Terminal, HotForex PAMM system, Hot Webtrader, Hot iPhone & Smartphone Trader, and Hot Android, all of which are customized versions of the world’s most popular trading platform. Along with this, the original MT4 can be downloaded from the MT4 server.

HotForex guarantees its retail clients, affiliates and White Label partners access to interbank spreads and liquidity through the most modern automated trading platforms and trading technologies.

XTB is the company closing Top10 of December 2016 on Forex-Ratings.com. XTB Group has more than 14 years’ experience and is now one of the largest FX & CFD brokers in the world. The company’s offices are located in over 11 countries including UK, France, Germany, etc. XTB market capitalization exceeds $400m. The broker’s retail traders have instant access to over 1500 global CFD markets including forex, indices, commodities, shares and ETFs.

XTB is regulated by the world’s largest supervision authorities including the FCS, KNF, BaFin and CMB.


Top 10 Forex Brokers in December:

  1. FxPro
  2. FXTM
  3. FIBO Group
  4. HYCM ↑
  5. FBS ↑
  6. FXCM ↓
  7. FOREX.com ↓
  8. Fort Financial Services ↓
  9. HotForex
  10. XTB ↓

This is the summary of the closing month of 2016. Let’s see if the January 2017 rally will show us something completely different! As a matter of fact, every first day of the month all the earlier voting results are brought to the archive and the new months’ voting starts from ‘zero’.

Forex-Ratings.com carefully stores all the previous voting results, so you can always check any fx broker’s background and performance track on our site. Every month the pack leaders have to prove their leadership on equal terms with competitors, and each of the listing members, no matter whether an industry veteran or a new company, has chances to get on top and be recognized as the winner of the next month!

Doing the voting on Forex-Ratings.com is really easy and it can be done on a regular basis. The registration procedure takes only minutes, login with social network accounts is available. Within 24 hours a registered user can cast up to three votes for or against the brokers listed on the Forex-Ratings.com main page. To add to that, all site visitors are welcome to post comments and reviews on the site in regards of any of the forex broker from our vast database. Join our community now and do your bit! Every opinion matters on Forex-Ratings.com

May 2018 Top Forex Brokers: The New Sides of the Well-Established Brokers

Forex-Ratings.com is a well-known and respectable source of objective information on the key parameters of the forex market. We continuously work since 2006, highlighting the trends of the present-day global fx trading...

April 2018 Top Forex Brokers: The Competition Picks Up Steam

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 fx and binary options brokers and their marketing policies...

March 2018 Top Forex Brokers: The Industry Tycoons Are Back

Forex-Ratings.com is one of the long-term leaders of the forex news and analytics market, and we work hard on a daily basis to ensure steady growth and perfection of all the informational services that we provide. The essence of our job is to evaluate forex and binary brokers...


February 2018 Top Forex Brokers: Striving for Perfection

Forex-Ratings.com is a globally recognized source of high-quality related to all the key participants of the forex market. The site’s team has been gathering information on the vast majority of the fx and binary brokers that have ever been rendering their services to clients...

January 2018 Top Forex Brokers: Job Swap at the Top

For those who have come across Forex-Ratings.com just recently, here’s a couple of words about our main page rating and its toppers. For many years in a row (in fact, for about a dozen years now) our site’s experts keep on evaluating and tracking activities of the world’s leading forex companies working online....

December 2017 Top Forex Brokers: The Top Brokers of 2017

Forex-Ratings.com keeps on its operational work as a forex data hub since 2006. We regularly and continuously accentuate the most important trends of the present-day global forex market. We rate the most important fx brokers offering their services worldwide. Our team has developed a broad range...


November 2017 Top Forex Brokers: Quality Performance Speaks for Itself

Since the year 2006 Forex-Ratings.com continuously keeps on monitoring the activities of the leaders of the global currency trading. At the same time we keep an eye on the prospective new brokers and their special offers aiming at conquering the fx market...

October 2017 Top Forex Brokers: Tough Competition with the Newbies

Forex-Ratings.com is one of the leaders of the forex news and analytics market, and we do our best to ensure steady growth and enhancement of all the informational services that we provide. Since 2006, that is, for over 10 years now, Forex-Ratings.com keeps on doing its never-ending job of evaluating forex and binary...

September 2017 Top Forex Brokers: Consolidation of the High Points

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. We have collected information on the majority of the fx and binary companies that have ever been offering their services to private traders...


Top 10 Forex Brokers 2018

# Broker Review
1easyMarketseasyMarkets88%
2FXTMFXTM87%
3HYCMHYCM85%
4FIBO GroupFIBO Group80%
5FxProFxPro77%
6FXCMFXCM74%
7Alfa-ForexAlfa-Forex72%
8HotForexHotForex71%
9XMXM70%
10Blue TradingBlue Trading67%


Popular forex reviews

IFC Markets

They have some problems with CUP cards at the moment. That's really bad, because I got used trading with them. And CUP is the only one opportunity for me to pay from...

Review rating - 5 Review rating

FBS

I have been trading with xm.com for the last 7 years. After xm announced they will be lowering their leverage to 30 I started looking for other brokers. This is when I stumbled upon FBS which seemed like a good alternative and they were also running...

Review rating - 5 Review rating

Learn How to Trade Forex
Learn How to Trade Forex

Get FXCM New to Forex Trading Guide when you sign-up for a FREE $50k practice account. The guide will explain what the forex market is and why to trade it, as well as the numerous advantages it offers and how it differs from traditional markets. The guide will also help you learn the simple steps and skills you need to make your first trade and become a forex trader. Get started and sign up today!
*Risks regarding foreign exchange trading

HotForex

How's this broker? I see many positive reviews but is there anyone from Asia or Vietnam? Do we get delay in trades execution than EU? I want perfect execution at my price in any account type or capital, please...

Review rating - 5 Review rating

FXTM
FXTM

I've participated in several FXTM's weekly webinars and want to say that they are quite interesting and useful. I've gathered a lot of helpful from...

Review rating - 5 Review rating

FxPro

Have not tried FxPro yet, but they are not ECN. In case there's any...

Review rating - 5 Review rating

easyMarkets voted "Most Transparent Broker" 2017
easyMarkets voted

easyMarkets was awarded "Most Transparent Broker" 2017 by well-respected award organization Forex-Awards. One of the only broker on Trustpilot with an astounding 9.7 out of 10 Trustscore, it comes as no surprise, easyMarkets offer probably the best customer service and most innovative tools in the industry.

LiteForex

If you are looking for a forex broker with fast execution ans low spreas, you can try to trade with LiteForex. this broker has proved to me that they have fast execution and withdrawals. If you will not try "arbitrage" trading I really...

Review rating - 5 Review rating

  


Share: