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This review deals with September voting results and highlights the Top10 of the first autumn month of 2014. In comparison to the previous voting month of August Top10 has 20% renewed with two new fx brokerages coming in, and two leaving the Top, but probably not for good.
The leader of the September Top10 is FxPro, an exemplary steady performer. This Cyprus-based company established in 2006 maintains leadership for a number of years so far. FxPro is remarkable for offering tight spreads, so futures’ trading with the company is convenient due to attractive spreads and price feed. FxPro offers trading with a variety of assets: equities, spot metals, index futures, commodity futures and energy futures. Trading platforms available at FxPro include customized versions of MetaTrader4, cTrader, WebTrader, MultiTerminal, Mobile Platforms and ECN FxPro cTrader. FxPro new vault system deserves a special notice as it provides prompt cash operations.
The ‘silver’ finisher of September is FXCM, one of the present-day global providers of online currency trading and related services.
In September FXCM announced that its US subsidiary Forex Capital Markets LLC ("FXCM US") has introduced a new retail FX pricing model. FXCM US platforms will now offer raw spreads with no mark-ups on the currency pairs, which means trading becomes more convenient and more transparent. FXCM platforms will now display raw spreads from one of company’s 15 different liquidity providers streaming prices into the FXCM no dealing desk execution system. A positive effect of this is 50% cost reduction on the top 14 currency pairs. FXCM's new pricing model allows traders to easily scalp the market, while providing increased execution benefits to stop and limit orders. Furthermore, FXCM clients will continue to benefit from fast and efficient and transparent execution, with no restrictions, along with a omprehensive suite of educational services through co-operation with DailyFX.com.
FOREX.com, the September bronze winner, is famous for its various educational programs addressed to new FX traders. The broker hosts webinars and video tutorials, and, remarkably, its clients receive personal support from fx market professionals. FOREX.com is one of the long lifers of the industry having been established in 2001. During years of operation FOREX.com has acquired a reputation of one of the leaders in currency trading and CFD trading. FOREX.com offers a variety of trading platforms to meet the needs of different kinds of traders. Other strong points of this broker are: competitive pricing and tight spreads; first-rate trading tools; transparent and reliable trading execution.
The fourth step of September ladder belongs to NordFX. This company headquartered in India features a full range of forex services on the worldwide financial markets. Trading conditions offered by NordFX are flexible and include "Micro" accounts starting from $5, tight fixed (from 2 pips) and variable spreads (from 0 pips) on different types of accounts. The broker allows traders to use expert advisors and any trading strategies including news trading and scalping. NordFX client support deserves a special notice being available in ten languages, including English, Spanish, Chinese, Arabic, Portuguese, Russian.
HotForex, the 5th place holder, is a Mauritius-based online currency and commodities trading provider and investment company. The broker features such trading platforms as HotForex MT4 Terminal, Hot Webtrader, Hot iPhone & Smartphone Trader, Hot Android and HotForex PAMM system. Trading accounts at HotForex start from as little as $5 with high leverage reaching up to 500:1. The broker is active in developing its affiliate network, and in September HF introduced a new user friendly website design for its affiliates. On November 3-6, 2014 HotForex senior management team is ready to meet with all interested current and potential partners in Hotel Indonesia (Jakarta, Indonesia), for private meetings and in-depth discussions.
Armada Markets, 6th place in September, managed to climb a couple of ladder steps up compared to the performance of the previous month. In 2014 Armada Markets has introduced the Chinese yuan (USD/CNH) and the Russian ruble (USD/RUB) currency pairs to its MetaTrader 4 platform
24 Option, 7th place in September, is one of the leaders of the binary options trading. In September the broker has also significantly improved the August Top record in which the broker was on the 9th, also very honorable, position.
IronFX Global, 8th place finisher, is famous for offering special and well-remembered promotions. From September 1st to December 31st, 2014, IronFX is running an exceptional “The IronFX Intergalactic Trading Competition” with an ultimate prize of a space flight. This is the biggest live trading competition ever held by IronFX, in which forex traders compete for a place onboard a Virgin Atlantic spaceship to take part in a suborbital spaceflight worth $250,000. Each one of hundred of runners-up of the live competition will receive a $5,000 cash prize. In the end of September IronFX Global UK Ltd was granted with an enhanced Financial Conduct Authority (FCA) license. This means IronFX Global UK will be permitted to deal as principle and agent in investments as well as to hold client funds. The company will be able to deal in all financial instruments and accept retail, professional and eligible counterparties as clients.
Let’s give a warm welcome to the September Forex Ratings Top10 newcomers, HY Markets and MRC Markets.
HY Markets, 9th place in September, 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 over 20 countries in all parts of the globe. HY Group is registered and authorized in UK, Hong Kong, United Arab Emirates, and other business jurisdictions of prime importance.
HY Markets customers are able to use expert advisors and “hedging” trading strategy. HY Markets offers a variety of trading instruments: currency trading as well as trading energies (oil/gas), metals, commodities, equities, stocks, indices and many more. It is possible to apply any of the offered trading tools from the same trading account. HY Markets clients can use automatic trading too.
MRC Markets is the broker closing Forex Ratings ‘best ten’ of September. This company belongs to the class of leading fx brokerage companies and tracks its history from 2002. MRC Markets offers an almost uncountable number of trading instruments. The broker features binary options trading as well. MRC Markets demo traders are in a good position to start trading on real accounts at any time, as the broker continuously rewards the new clients with beneficial promotions. Loyal clients are also rewarded for keeping their money on the account for 6+ months. Another ongoing promotion is a reward for referring friends to MRC Markets.
Top 10 Forex Brokers in September 2014:
- FXCM ↑
- FOREX.com ↓
- Armada Markets ↑
- 24Option ↑
- IronFX Global ↓
- HY Markets (new)
- MRC Markets (new)
Such are September 2014 voting results. Chances are, next month the Top list will look significantly different. Members of our voting community are those who decide which fx brokers currently deserve praise, and which have performed not so good recently. Every vote matters, as it may change the ‘placement of forces’ to a great extent.
Every 1st day of the month the previous Forex-Ratings.com voting results are nullified. Consequently, the voting starts anew from zero point. Thus every broker from the list has a chance to get to the top, as equality of opportunity is warranted to all. Our voting system ensures that objectivity and clarity are in place, and all brokers occupy their steps of the ladder in their own right.
Introduction of the best brokers of the present time aims at helping forex traders in their evaluation of various companies offering currency trading services. Speaking more broadly, voting results generated by the Forex-Ratings.com community influence the future clients’ activities on the forex market and shape image of forex companies as reliable and trustworthy business entities.
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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