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

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

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