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In this review we are highlighting February 2014 top-ranked forex brokers as this follows from our site’s voting statistics. In February Forex-Ratings.com Top 10 list has been 20% renewed compared to the previous voting month of January, and most of the top members have either kept the same positions as one month before, or even have improved their image in the eyes of the traders who are active and regular Forex-Ratings.com voters and commentators.
FxPro, the February pack leader, has been established in 2006 and has extensive expertise in offering their clients proper trading conditions as well as prompt and accurate customer support. Many traders who compare FxPro to other well-known brokerage firms come to a conclusion that FxPro is one of the industry leaders.
FxPro offers a wide range of trading assets and instruments. The spreads are tight and there are no requotes. Moreover, on FxPro it is possible to trade with equities, futures of a few types, and spot metals. ECN accounts also belong to FxPro array of trading opportunities, they start from $1,000. Hedging and scalping are also in the list.
The runner-up of the last winter month’s competition is Forex.com. This broker has started its business activities as long ago as 2001, and now it is on the leading positions in online currency and CFD trading. The broker boasts its pricing, which is transparent and competitive. At Forex.com every stage of the trading process is automated, therefore the trades are executed really fast: 99.9% of them in less than one second.
Congratulations to the February Forex RatingsTop10 newcomers, Swissquote Bank (3rd place) and EXNESS (8th place)!
Swissquote Bank has been awarded with the ‘bronze’ of our February voting competition. The Swiss-based broker takes pride in offering safe and transparent trading conditions. Swissquote deals both with private traders and institutional investment companies. Along with currency trading Swissquote Bank provides other trading services and financial instruments, such as stocks, energies and commodities.
EXNESS belongs to leading investment companies providing services for trading operations and for effective private and institutional investments to customers of different levels of experience.
February voting results also demonstrate that MRC Markets and HotForex have improved their positions within Top10, which means they keep showing steady performance.
MRC Markets, the 5th place finisher, has introduced binary options to its clients: owners of all trading accounts of MetaTrader4 are invited to try their hand in this kind of trading. MRC Markets binary traders are offered prospects of earning up to 500% profit of an order. MRC Markets provides the following assets for binary trading: EUR/USD, GBP/USD, USD/JPY, and USD/CHF. MRC Markets is generous in promotions and keeps a good contact with the clients.
HotForex, 7th place in February, is a broker that always goes the extra mile to upgrade and offer new quality of service to the customers. HotForex was established in 2007, is registered in Mauritius, and positions itself as a trading and investment company, offering services to private traders, funds and large investment companies. A few advantages of trading with HotForex are: segregated accounts and PAMM services available, high security of funds, flexible bonuses reaching up to 50%, fast account approval, free education courses for forex newcomers, an aray of payment systems for depositing and withdrawal.
NordFX and RoboForex are out of the February Top10. RoboForex has finished on the 11th place, and NordFX on the 14th, which can be considered quite decent achievements. Maybe our Top10 becomes too small for all the worthy brokers?
NordFX should be mentioned for offering direct access to ECN which is accompanied by the following benefits: best prices from interbank market; lowest spreads; no Dealing Desk, no requotes. NordFX guarantees instant execution within one second without dealers. Various extra services, such as signals or expert advisers, are available with no restrictions. Another strong point of NordFX is variety of financial methods to transfer money which makes NordFX trading available and fully-featured at any corner of the world.
RoboForex, the New Zealand based forex broker, is praised by its clients for fast execution and withdrawal. The broker renders services to both private traders and large investment companies. Trading accounts with RoboForex start from $10; demo accounts are also in place, and are available to the broker’s registered clients. Spreads on major currency crosses from 0 to 3 pips, and leverage is in a range from 10:1 up to 500:1. The spread can be both variable and fixed according, which depends on a client’s choice.
A significant claimant for top honors is FxNet, a Cyprus-based STP broker, currently standing on the 12th position. The clients praise the broker for perfect customer support, excellent trading conditions and proper execution. FxNet has fixed spreads, and remarkably they don’t change even when the news comes out. FxNet is among brokers featuring Islamic accounts with no swaps.
LiteForex, a brokerage firm closing the Top10 list, is an international forex company taking the leading positions in online forex trading for over 8 years so far. A minimum deposit at LiteForex is $1, and the broker offers swap-free accounts for traders with different preferences and levels of experience: Lite, Real, PAMM, NDD, STP, SGD.
Top 10 Forex Brokers in February:
- Swissquote Bank (new)
- MRC Markets
- EXNESS (new)
- HY Markets
Such are February 2014 voting results. However, this disposition may dramatically change by March 31st! Our voting goes continuously from the first to the last day of every month, and after that voting results of the month are being summarized and stored. The new month’s voting starts anew from zero point, so all the listed brokers have equal odds to run up to the top of our rating. We believe this method provides unbiased and objective representation and keeps all the listing participants up. Join our voting community, and you will find out that every vote matters in determining brokers’ positions in the list.
Each broker is rated by the actual number of votes, which means the position of any particular listing participant may remarkably change even within as short a time as 24 hours. Our voting platform is user-friendly and comprehensible, so it is really easy to express your opinion and arguments on it.
Join us now, and you will soon find out that your opinion really matters!