We at Forex-Ratings.com take pride in our special interactive platform. Our user-friendly assessment system is designated for individuals of all levels of forex trading experience. Any registered user is able to cast votes on Forex-Ratings.com and thus express their opinion about either excellent or poor performance of the brokerage firms working on the foreign exchange market. The functionality provided by our site developers allows voting and commenting, as well as writing reviews on any actual forex topic. Our listing provides up to date indication which forex brokers are on top today.
This review analyzes traders’ choice of companies to trade with in May 2014. Remarkably, this time Top10 comes 40% renewed in comparison to the previous month. Let’s see who’s burst into the list and why.
First off, let’s avow that the takers of winning pedestal persist, threats notwithstanding, for the second month in a row in the same configuration.
According to the opinion of the majority of our voters, the best forex broker in May is again FxPro. This broker maintains leadership since the beginning of the year showing steady performance and thus reinforcing the loyalty of the clients. The broker headquartered in Cyprus has been established as long ago as in 2006, and since then has won a number of international forex awards. At present FxPro offices are located throughout Europe, from UK to Russia. The broker offers a wide range of trading assets. Along with currencies they comprise equities, indexes, spot metals, commodity futures and energy futures.
The ‘silver’ award of May goes to Swissquote Bank. This broker in May was specially noticed by the clients for its excellent support service, which is dexterous in fixing technical issues. The Swiss-based broker is remarkable for offering secure and transparent trading conditions. Swissquote Bank works with both private traders and institutional investment companies, offering not only currency trading, but also stocks, commodities, and other.
FOREX.com is the ‘bronze’ winner of May rally. The company traces history to 2001; since then it is rightfully keeps its positions among the leaders in currency and CFD trading. FOREX.com meets the interest of traders of various levels of experience, and is remarkable for reliable trade execution, tight spreads, innovative trading instruments, and lots of trading platforms to choose from. The parent company of FOREX.com is GAIN Capital Holdings, Inc., a world-class publicly traded company listed on The New York Stock Exchange (NYSE: GCAP). Thus, FOREX.com adheres to the highest standards of corporate governance, financial reporting and disclosure.
MasterForex (MFX), having retained the 4th position since April, introduced a number of promotions during the last spring month. To name just a few, these were new rounds of Cent Millionaire, Big Eight, and introduction of the winner of Lady MFX tournament. Besides, MFX announced innovations in the company operations in Indonesia and Georgia. Round out of the picture, in May MFX has become the winner in the Best ECN Broker nomination of IAFT Awards.
FXCM, 5th place finisher, is a market maker and one of the key liquidity providers. This US-based global company is currently of the major providers of trading services. FXCM offers currency trading, stocks, oil and metals. The broker offers a variety of trading platforms to suit all kinds of traders, including the worlds’ most popular, MetaTrader4. A few months ago FXCM has included mirror trading into the array of the offered services, therefore among the platforms available at FXCM is Mirror Trader. The broker also features solutions for desktop and mobile trading. Another FXCM business dimension is educational paradigm. New clients with little knowledge of forex trading are provided with books, tutorials, learning courses, webinars, etc. – all for free.
Armada Markets, 6th place, has reached Top10 for the first time, and we give a warm welcome to this new and assertive forex broker which already has gotten worthful reputation on the forex market. The broker offers prompt client support, and, what’s of primary important to traders, Armada Markets offers positive slippage, low spreads, fast execution and small trading costs. Armada keeps its profile also in having all the transactions, both deposits and withdrawals, processed really fast.
NordFx in May improved its position, having stepped from the 8th to the 7th step of the “Top” ladder. Generally, NordFX provides a wide range of forex services on the global financial markets, with customer support available in ten languages. The broker’s representative offices are located in Russia, India, and Ukraine.
Strong points of NordFX performance are fast transactions and well-trained online support. NordFX is one of the leaders in bonus promotions, and one is the company offering the lowest dynamic spread. The broker allows traders to use expert advisors and any trading strategies including scalping and news trading. Trading conditions at NordFX are flexible conditions. It is possible to start with a "Micro" account starting from $5, tight fixed (from 2 pips) and variable spreads (from 0 pips) on different types of accounts.
HotForex takes the 8th line in the May Top10; this is another newcomer deserving a special notice. This is both an investment company and a broker providing currency and commodities trading. According to the traders’ multiple opinions, as an STP broker it is quite reliable and trustworthy, with fast and effective processing of deposits and withdrawals. HotForex focuses extensively on promotions, such as trading contests. The broker constantly enhances the quality of the provided services and trading conditions. HotForex support service is yet another strong point of the business and deserves a special notice as qualified, skilled and available 24/7.
24option, 9th place finisher, is a company known mostly as one of the leaders in the binary options markets. The broker sticks to the principles of fair and transparent trading, and ensures safe and comfortable trading conditions. Services offered by 24option are available to the clients all around the clock.
FxNet occupies the closing line of Forex-Ratings.com Top10. FxNet is an STP NDD broker that boasts highest trade execution. Trading with FxNet the trader can never face slippage or requotes. Islamic accounts (no swaps) are also available on FxNet. Besides, the clients highly estimate the broker’s support service.
Top 10 Forex Brokers in May:
- Swissquote Bank
- Armada Markets (new)
- HotForex (new)
- 24option (new)
- FxNet (new)
Important: on the first day of every month all the previous voting results are annulled, and the race to the top starts anew. The competition opens at the ‘zero’ mark for all the listed brokers equally, so both renowned rating veterans and new brokers share and share alike. This principle guarantees no stagnation in the brokers’ position, which means all the active listing participants keep going without easing off to keep their clients satisfied in every way.
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