Forex-Ratings.com hosts a broad community of active forex and binary options traders who post reviews on brokers and discuss various aspects of the industry. New visitors are always welcome to bring new blood to our social club. Forex-Ratings.com interactive platform is operating since 2006, and has already gathered vast amount of data on forex market. Registered users are able to vote for or against any forex brokers from our constantly renewed list and to leave their reviews and comments about trading forex or binary options with this or that broker. Moreover, we are proud to have established a reliable and trustworthy communication channel between brokers and their clients: on our site direct contact is fast and easy.
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In this review we are pleased to bring April voting results to the attention of the Forex Ratings community. Compared to the previous month of March, two brokers of the Top-10 list have been replaced with two newcomers, which means in 30 days the ‘best of the best’ list has been 20% renewed.
The leader of the April Top10 is FxPro, a regular of the list. This company headquartered in Cyprus is among the forex market leaders, and so it goes for a number of years. FxPro has been established in 2006 and since then it makes headlines. FxPro offers tight spreads, and futures’ trading with the company is convenient due to good spreads and price feed. FxPro clients also praise the company’s new vault system which provides prompt cash operations. FxPro offers trading with a variety of assets: equities, index futures, spot metals, energy futures and commodity futures. Trading platforms available at FxPro include customized versions of MetaTrader4, cTrader, WebTrader, MultiTerminal, Mobile Platforms and ECN FxPro cTrader.
The ‘silver’ finisher of April is Swissquote Bank, a provider of a large number of eForex solutions. Moreover, Swissquote Bank is special for offering accounts in CHF, EUR and USD (and in virtually any other currencies upon request). Swissquote Bank pays interest on CHF and foreign-currency accounts.
FOREX.com, the April bronze winner, is famous for its educational efforts and various learning programs addressed to new FX traders: webinars and video tutorials, and, remarkably, personal support from market experts. FOREX.com works on the market since 2001 and gained a reputation of one of the leaders in forex and CFD trading. Other strong points of this broker are: tight spreads and competitive pricing; topnotch trading tools; reliable and trustworthy trading execution. FOREX.com offers a variety of trading platforms to meet the needs of different kinds of traders.
In April MasterForex, MRC Markets and FXCM have shown very stable performance. By this they kept the same positions in the listing as one month before, - fourth, fifth, and sixth places correspondingly.
MasterForex has held a number of promotions in April, including Lady MFX Tournament, depositing via bank cards without commission, 100% bonus promotion. Investors, who took part in the Asset Management project got profit of 10,67% for the first quarter of 2014.
The fifth step of the April Top10 ladder belongs to MRC Markets. This company is among the leaders of the forex trading market, and has a long operational history rooted in 2002. Trading instruments, offered by MRC Markets, are almost countless, as they are over a thousand; binary options trading is available too. MRC Markets undertakes regular efforts to introduce demo traders to real money operations via generous promotions; the company clients are also rewarded for keeping their funds on the account without withdrawal for six months, and for referring friends to MRC Markets.
FXCM is remarkable for adhering to the mass market model. Thus, since mid-2013 the broker offers Mirror Trader solutions to the entire client base. The mirror trading concept implies an easier transition to live trading, thus attaining new forex traders, the customers who were previously out of reach.
RoboForex, 7th place in April, on a regular basis offers a variety of Forex trading accounts (from Micro Cent accounts for novice traders to professional ECN accounts), trading terminals MetaTrader4, MetaTrader5, cTrader along with a wide range of trading instruments to let their clients exercise any kind of trading strategy. RoboForex traditionally runs weekly webinars to make currency trading basics clear to the new clients.
New blood of April Top10 are HY Markets (8th place) and NordFX (9th place), whereas LiteForex and HotForex have, probably for not too long, left the Top10 of Forex-Ratings.com
HY Markets is a trading name of Henyep Capital Markets UK Ltd., which belongs to a global conglomerate with business in financial services, property, education, and charity in 20 countries around the world. HY Group companies are registered and authorized in London, United Arab Emirates, Hong Kong, and other leading business jurisdictions.
At HY Markets customers are allowed to use expert advisors and “hedging” trading strategy. Along with Forex HY Markets offers trading energies (oil/gas), metals, commodities, stocks, equities, indices and many more. And, all the available trading tools can be used from the same trading account. Automatic trading is also available to HY clients.
NordFX, an India-based company, provides a full range of forex services on the worldwide financial markets, with customer support available in ten languages. In April NordFX has introduced a new feature of the ZuluTrade accounts, the Trailing Stop option (a moving stop loss order). In April the broker was acknowledged by the UK leading financial media for the social trading opportunities NordFX offers its clients. Earlier, in the end of 2013, the company was renowned as “The best Asian FX Broker in 2013”.
Let’s give a warm welcome to the April Forex Ratings Top10 newcomer, EXNESS (10th place). This broker is among the leaders in investment providing services for effective private and institutional investments as well as for trading operations. EXNESS works with clients of all levels of knowledge and the company support is always there to resolve clients’ issues. In April the company reported their trading volume in the previous month had exceeded $166.4 bln. Compared to the previous big figure, this one is 10% higher. EXNESS is one of the most client-oriented forex brokers stating that the success of the company is inseparable from the success of their clients.
Top 10 Forex Brokers in April:
- Swissquote Bank
- MRC Markets
- HY Markets (new)
- NordFX (new)
These are the April voting results. It is not at all impossible that May results may look quite different: it depends on the activities of the supporters and detractors of forex brokerages listed on Forex-Ratings.com Every single vote may significantly change the listing disposition.
Please note that on the 1st day of every new month Forex-Ratings.com nullifies all the previous voting results and the competition starts anew. We consistently stick to the standards of clarity and objectivity in delivering information about the leading forex brokers. Each broker is rated by the actual number of votes. Any registered user is able to cast up to five votes in 24 hours.
The assessments and findings published on Forex-Ratings.com undoubtedly help forex traders in their research of strong and weak points of forex brokers of interest; and, moreover, to share their educts and practical experience of trading with fellow traders.
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