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Let’s see which of the listed forex brokers have been defined as Top-10 members by our voters in May 2017, and what is the ‘disposition of forces’ in the forex industry before the summertime season.
The leader of April, easyMarkets, in May has confirmed its leading position. HYCM (5th place) and Windsor Brokers (8th place) have improved their positions compared to April. Meanwhile, EXNESS has finished the May rally one step lower than a month ago (9th place in May). And we give a warm welcome to Grand Capital, a newcomer to our ‘best of the best’ list, as it has finished the May lap on the 10th position. XM.com, correspondingly, has been dropped out of Top10, yet we expect this well-reputed broker to be back again soon!
And now let’s have a deeper look into the Top brokers’ offers and activities of May 2017.
Congratulations to the May 2017 Top10 leader, easyMarkets. This is an online forex and CFDs broker providing access to more than 300 global markets to clients from over 160 countries. The broker is regulated by both CySEC (The Cyprus Securities and Exchange Commission) and ASIC (Australian Securities and Investments Commission).
easyMarkets was established in 2001 as easy-forex and is headquartered in Limassol, Cyprus with offices in Shanghai, Sydney and Warsaw. In 2016 the broker rebranded to easyMarkets to reflect the fact that it had grown from offering trading on forex to trading on currencies as well as oil, gold, commodities, indices, CFDs, vanilla options and forex forwards.
easyMarkets’ accounts start from $100 and include a client success manager, basic education and platform tour as well as technical reports. VIP trading starting from $2500 and gives traders free trading signals, SMS market updates, higher leverage and direct contact with the dealing room among other great features.
The company’s clients are able to choose between the globally famous MT4 trading platform and easyMarkets’ own platform which has been launched in 2001 as the first web-based trading platform in history.
Trading conditions with easyMarkets include no slippage, leverage as high as 1:400, fixed spreads as low as 1.8 pips (1 pip for EU clients), guaranteed stop loss, negative balance protection and allow scalping and hedging. All this is backed up with an excellent customer support team which is available 24/5.
In May 2017 easyMarkets has introduced a new addition to its own Learn Centre: Discover Trading video series, which introduces different aspects of the market, such as, for example, ‘Discover Oil’ or ‘Discover Trading Psychology’. This ongoing video series aims at covering actual issues of the currency trading market and helping novice fx traders understand various aspects of the financial markets.
FXTM, the runner-up of the May rally, is a Cyprus-based broker tracing its history from 2010. FXTM is remarkable for its special approach to provide tailored trading conditions and diverse educational tools for its clients.
FXTM ensures that its trading and investment products and services are comprehensive, trustworthy and effective. During years of its active work FXTM has firmly established itself as a broker of a global level.
In May 2017 FXTM was named ‘Forex Broker Firm of the Year’ by an influential UK-based magazine ‘Global Banking and Finance Awards’. Earlier this year FXTM has already been granted a title of the ‘Best Online Forex Trading Company of the Year - Nigeria’. The company keeps on undertaking efforts in raising awareness of its brand globally.
FxPro is the ‘bronze’ finisher of May. The company was established in 2006 and is headquartered in London, UK. The client base of this broker is continuosly growing. 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, WebTrader, Mobile Platforms, MultiTerminal and ECN FxPro cTrader. MT4 and cTrader are greatly in demand with FxPro traders, as these platforms ensure fast and correct trade execution.
FxPro is a broker that allows scalping, and at that it provides its traders with direct access to the markets. This combination makes FxPro specifically popular among experienced fx traders.
FIBO Group (Financial Intermarket Brokerage Online Group), 4th place in May, was established in 1998, which makes it one of the oldest companies in marginal Internet trading.
All the services offered by the FIBO Group holding meet the international standards and all the relevant 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 May 2017 FIBO Group has expanded an array of its depositing options. Now ČSOB (Československá obchodní banka) cards’ holders can replenish their accounts directly. Deposits are available in EUR, RUR and USD. ČSOB bank is a member of KBC Group offering bank and insurance services throughout the European market.
HYCM is the 5th place finisher of May 2017. 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 several other globally recognized business jurisdictions.
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 this list is not complete. HYCM trader are able to use any of the offered trading tools from the same trading account. Demo accounts for beginners are also available.
FXCM, 6th place in May, is one of the veterans 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 holds licenses approved by the industry principal regulators from around the globe, including US, UK, EU, Hong Kong and other.
FXCM works with private traders as well as with institutional customers all across the globe, including US residents, which gives the broker special advantages on the forex market.
FXCM offers a wide range of platforms to meet the needs of different types of traders. Among them are 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 these platforms the traders have access to the technical analysis, currency updates 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, on the same platform it is possible to trade not only currencies, but also stock indices, oil, gold and silver.
The broker provides its customers with a wide range of educational solutions, including tutorials, learning courses, forex books and webinars. FXCM also offers free services of its’ Educational Center to the novice traders.
Fort Financial Services, 7th position in May, is a company launched in 2010. Fort Financial Services is a licensed international forex broker operating under a license IFSC/60/256/TS/14 issued by International Financial Services Commission of Belize. At present the broker actively works in more than 30 countries around the world, with special accent on Asia Pacific and MENA region.
The trading opportunities offered by Fort Financial Services are specifically adapted to MetaTrader4, the world’s most wide-spread and popular 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 May the list of "CFD ETF" in the "Fort Financial Services" trading terminal has been renewed. 43 funds for the leading manufacturers such as Blackrock (iShares), Vanguard, State Street Global Advisors (SPDR) etc. are now available for trading. Fort Financial Services at present is one of only a few companies that allow trading ETF via MT4 platform.
Windsor Brokers, 8th position in May, is licensed and regulated by CySec (Cyprus), EEA authorized by regulatory bodies of all EU member states.
The broker has been established in 1988 and after almost 30 years of operational work it remains one of the most important online fx brokers in the region. At the moment of its launch Windsor was a small broker with a moderate number of clients primarily from the Middle East region. By the year 2007 the company already showed clear sign of expansion and has inaugurated its new headquarters, the Windsor Business Center, with more than 70 stuff members at that moment.
At present Windsor Brokers offers over 620,000 financial derivatives and assets including FX, Gold, Silver, Crude Oil, CFDs, DAX, Stocks, ETFs, Bonds, Options, FOPs, SSFs & EFPs, Mutual Funds and Warrants. These can be traded on the Windsor MT4 (Metatrader), the AMO (All Markets Online) or GWAZY platforms.
In May 2017 Windsor Brokers has been the Gold Sponsor of the 9th Jordan AFAQ Economic Conference – “Entrepreneurship and its impact on the Economy”, which took place on May 14th, 2017 in Amman, Jordan.The Conference was focused on the recent economic developments and their impact on investments and entrepreneurship, primarily in the MENA countries.
EXNESS, 9th place finisher in May, is a company working on the forex market since 2008 and due to years of steady operation it is now considered to be one of the industry leaders and the winner of multiple financial awards.
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. EXNESS clients are allowed to use automated trading and hedging.
In the series of trading improvements of May 2017 EXNESS has announced lowering of the margin requirements for over 50 exotic currency pairs.
Grand Capital, 10th place in May, is a newcomer of the Forex-Ratings.com Top10, yet it is one of the oldest international brokerage firms. Since 2006, Grand Capital provides its clients with comfortable conditions of online trading. GC is leader in the field of binary options and derivatives trading (CFD). Actually, GC is the first Russian company with binary options integrated into in MetaTrader 4.
Grand Capital is a multiple winner of Russian and international exhibitions in the nominations - Best Binary Option Broker, Best Standard Forex Broker, Best Micro Forex Broker. Grand Capital serves to more than 100,000 traders across the globe. The average monthly turnover of the broker amounts to $1,3 billion.
Grand Capital ltd is a fast growing forex broker, offering modern trading platforms and combining beginner-friendly interface with cutting-edge technologies.
In May 2017 Grand Capital for the third time took part in a major financial industry exhibition iFX Expo in Limassol, Cyprus. As for its educational program expansion, in May Grand Capital has organized its first private workshop in Indonesia.
Such are the results of May 2017 voting. Let’s see if the June lap will break this order! This we will find out one month later. As usual, every 1st day of the month all the previous voting results are being transferred to the archive of Forex-Ratings.com, and the voting of a new month starts from scratch.
Every month the pack leaders have to fight for the top positions on equal terms with competitors, and any of the listing members, be that an industry veteran or a newcomer, has chances to get on top and be recognized as the winner of the next month!
All the previous voting results are carefully stored in the site archive, so you can check a broker’s background and performance track on our site at any moment of time.
The voting procedure on Forex-Ratings.com is really easy, and you can vote for/against forex brokers of choice on a regular basis. To be able to do so, you need to get registered, which is a simple and easy procedure taking only a few minutes. Log-in with social network accounts, such as Facebook or Twitter, is also available.
Within 24 hours any registered user can vote up to three times for or against the brokers listed on the Forex-Ratings.com homepage rating. Moreover, all the site visitors are free to post comments and reviews on any of the forex broker from our large database. Join our community now and share your viewpoint on any aspect of forex trading! Make the industry more responsible and the entire picture of the business more clear.
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