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As for the ‘Best of the Best’ list of Forex-Ratings.com in July, it has once again revealed the steady positions of a number of forex brokers, whereas some have given way to their persistent and assertive competitors. Along with the rock-steady Top3, which remains unchanged since June, the following forex brokers have improved their positioning in the Top of the listing: HYCM (5th place) and HotForex (7th place). And we also give a warm welcome to FBS (9th place), which has resumed its participation on the site recently after a pause, and already in the Top10!
However, positions of brokers like FXCM (6th place) and FortFS (8th place) have somewhat deteriorated compared to June. XM.com (10th place) has managed to keep its position in the Top10 unchanged compared to the month of June.
Let’s have a detailed look at the list of the Top10 forex brokers of July 2017.
easyMarkets, the leader of the July Top10, 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. The company 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.
easyMarkets features forexAffiliate, one of longest running financial affiliate programs in the industry, which attracts referrals for almost 20 years now.
The runner-up of the July race is FXTM. 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 already received, FXTM continues to grow and build its perfect business reputation.
In July 2017 FXTM has announced its latest sponsorship with a renowned tennis player Dominika Cibulková, who is currently taking 4th position of the WTA (Women’s Tennis Association). This is a new achievement of the FXTM sponsorship projects, as it already has sponsored Sahara Force India F1™ Team and Ed Jones in the Indy500.
With the expansion of market-leading products including FXTM Invest, FXTM continues to distinguish itself as a broker of the global level. Education is still a key focus in Asian regions, the company hosts ÂÂÂÂ local events and educational seminars. Available are also FXTM webinars Chinese, presented by the newly appointed Head of China Corporate Development & Market Research, Yue Zhong.
Among the company’s online achievements of 2017 are improvements of the client support service: now the Live Help feature is more user-friendly and available in multiple languages. As a result of these efforts, in July FXTM has been esteemed by the World Finance Magazine in two nominations for 2017 - ‘Best FX Broker, Asia’ and the winner of the ‘Best Customer Service’.
FxPro is the July 2017 ‘bronze’ finisher. The company was established in 2006 and is headquartered in Cyprus. FXTM is our long-term Top10 leader and a classic brokerage company with years of active work on the forex market. The company is an industry veteran, as it has been established in 2006.
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 4th position of the July 2017 listing belongs to FIBO Group. Financial Intermarket Brokerage Online Group has been established in 1998, which makes this forex company 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 July 2017 the broker has announced the implementation of CFD Crypto Currency. Since the end of July, 7 digital currencies are available on MT4 NDD No Commission accounts: BTC, ETH, LTC, ETC, ZEC, DASH, XMR.
For those who before trading on a real account want to get familiar with CFD Crypto Currency can open a MT4 NDD No Commission demo account which has the identical trading conditions. A Demo account is a perfect opportunity to get the necessary trading skills, to learn the digital currency peculiarities and test MT4 trading platform without the risks.
HYCM is a broker having taken the 5th line of the July rating on Forex-Ratings.com. 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.
HYCM offers a variety of trading instruments: currency trading as well as trading equities, commodities, indices, stocks, and this list is not complete. HYCM traders are able to use any of the offered trading tools from the same trading account.
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 also available. HYCM also features demo accounts for new forex traders.
FXCM, 6th position in July, 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 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.
FXCM features a selection 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.
HotForex, 7th place in July, is a company with a 10-years’ history of active work on the forex market (established in 2007). It is headquartered and regulated in Mauritius.
HotForex guarantees its customers access to interbank spreads and liquidity through the most modern automated trading platforms and trading technologies.
The platforms available at HotForex include HotForex PAMM system, HotForex MT4 Terminal, Hot Webtrader, Hot iPhone & Smartphone Trader, and Hot Android. The highly competent HotForex support service is available worldwide 24/5.
Fort Financial Services, 8th place finisher in July, is an 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.
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.
In the end of July FortFS has introduced new swap rates coming into effect for all "FOREX" instruments.
FBS, 9th place in July, is a forex broker that 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 July FBS has introduced its ECN account type offer. ECN (Electronic Communication Network) is an automated system matching buy and sell orders for stocks and currencies, by this allowing buyers and sellers to trade directly without any intermediaries. In order to gain access to ECN, a trader needs a broker partnering with ECN. The system increases competition among trading firms by lowering transaction costs, which is a great benefit for traders. The key features of ECN are prompt market execution, low spreads, best quotes with no delay and a large number of liquidity providers.
The same month FBS has acquired the title of the “Best FX Broker Indonesia” and the “Best FX IB Program Global” from Capital Finance International Magazine, which is both a printed media and an online source well-known in the forex industry.
XM.com is the broker closing Forex Ratings ‘best ten’ of July 2017. 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.com offers trading in forex, CFD’s and futures through the MT4 Platform.
XM clients have 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.
In mid-July XM.com has been named the “Best FX Broker Europe for 2017”, which is a recognition received from the readers of the World Finance Magazine. Also in July XM has been voted as the broker with the “Best Trading Support” for 2017 in the Capital Finance International Magazine awards.
On the 14th July 2017, XM.com has hosted with great success the closing round of the 1 Million Dollar Forex World Championship in Bangkok, Thailand. The 1 Million Dollar Forex World Championship was a competition consisting of 12 rounds which started on the 1st of June 2016 and concluded its final round on 14th July 2017.
The finalists from each of the 10 rounds which managed to secure their position in the final competed against each other in an event which was broadcasted live online and was viewed by 660,000 clients and fans. The first prize of $150,000 has been won by a trader from Thailand.
Speaking of the educational activities of XM.com in July, it has held a number of live trading seminars in such countries as China, Thailand, Italy and Spain.
Such were the July 2017 voting results. However, in a month it may happen that the results of August performers will be very different, and some other fx companies will take over the leadership positions. According to the voting algorithm elaborated by Forex-Ratings.com, every 1st day of the new month is the time when the race to the top is resumed from ‘zero’. That is, all the listing participants have a chance of getting to the very Top of the listing.
We have worked out a transparent, comprehensive and user-friendly voting system. Our site community members actively participate in the decision-making process and shape the list of the most demanded forex brokers of today; and, correspondingly, all the cast votes matter as far as the overall listing is concerned.
Our rating system allows all the registered site visitors to distinguish a preferred forex broker. Along with votes, our community members are able to publish reviews on any of the active brokers and to contact the fx companies directly from our platform. The official prompt feedback from the fx industry leaders is guaranteed.
Generally speaking, on each day and minute of the month the featured fx brokers take their rating positions fairly and by merit, being supported by the votes cast by real-time supporters; or, on the contrary, receiving ‘Nay’s’ from their critics.
Log into Forex-Ratings.com and start sharing your experience with fellow traders at any moment convenient for you! We appreciate every opinion, and all of them, along with the past months’ voting results, are kept in our database and are available for reference.
Let’s see how the Forex Rating is going to look like next month!
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