We at Forex-Ratings.com see our mission in objective and continuous monitoring of the global forex market and its ever-changing leaders. Remarkably, within years some brokerages have gained extremely reliable reputation due to their stable performance, transparent trading conditions and competent client services. We fix fx industry moves and intermediate results on a constant basis since 2006 and are proud of our massive database which we carefully keep up-to-date at all times. At any day Forex-Ratings.com has the answer about the best forex companies, about assertive business newbies and well-known brokerages with their latest benefits and also weak points. With the information provided on the pages of Forex-Ratings.com both novice traders and veterans know which forex companies are trustworthy, and shall there be strong critics published by the real clients of a brokerage, new registrants enter such forex company with their eyes open, alert to potential malfunctioning, such as slow withdrawals or slippage.
Forex-Ratings.com sticks to the principle of objectivity, therefore we give the word to every site visitor who has something to say about currency trading, and even beginners are entitled to speak out.This review deals with the best rated fx brokers of October 2014 brought to the top by our site’s voting community. Compared to the previous voting month Top10 has been 10% renewed: surprisingly NordFX, the frequenter of the ‘best of the best’ list and a generous promo offerer has lost its position and was replaced by a newcomer, xCFD, which was sitting on a high 6th place when October voting results were taken off.
Top 10 Forex Brokers in October:
- Armada Markets ↑
- xCFD (new!)
- HY Markets
- MRC Markets
Congratulations to the October Top leader, FxPro! The company is undoubtedly one of the steadiest performers and leaders of the present-day forex industry. As usual, FxPro offers a coveted variety of instruments and trading assets, such as equities, spot metals and futures: commodity futures, index futures, and energy futures. FxPro traders have a great choice of platforms, including upgraded versions of MetaTrader4, ECN FxPro cTrader, MultiTerminal, WebTrader, Mobile Platforms cTrader, and more. Customer support of FxPro belongs to the industry’s best for years now. Besides, there’s hardly a forex event in the global calendar in which FxPro is missing: the broker is a participant and frequent prize winner on the global forex expos.
FXCM (Forex Capital Markets), October runner-up, is a US-based company headquartered in New York. It belongs to quite a narrow range of companies working with US clients.
FXCM is one of the key liquidity providers and market makers. The company is also one of the leaders in providing trading services worldwide working with institutional entities as well as individual traders. FXCM was established in 1999, so by now it is one of the oldest and reputed companies working on the global currency markets. The company offers currency trading along with stocks, energy assets and metals.
FXCM offers a variety of trading platforms, including, along with the world’s most popular MetaTrader4, such in-house products as FXCM Trading Station Desktop, FXCM Trading Station Web, FXCM Trading Station Mobile, FXCM Active Trader, and Mirror Trader. No matter which platform is chosen by FXCM client, all the platforms provide daily access to financial news, including technical analysis and market overviews.
FXCM operates worldwide and is licensed in the US, UK, several European countries, Hong Kong, and Australia.
Forex.com, bronze winner of the October race, tracks its history from 2001; by now Forex.com is one of the leaders in currency trading and CFD trading featuring competitive pricing, first-rate trading tools, tight spreads, excellent performance and strong regulation.
What made the broker famous is various educational programs targeting new traders. In fact, any new Forex.com client is offered a wide variety of trading courses and online webinars to choose from. Advanced sessions for experienced traders are also an option. The broker’s professional staff is ready to provide personal advisory assistance at all times.
Every stage of trading process at Forex.com is automated, therefore the trades are executed very fast and at the most reasonable price. 99.9% of all trades at Forex.com are executed in less than a second with an average execution speed of 60 milliseconds.
Armada Markets, 4th place in October, managed to climb a couple of ladder steps up compared to the performance of the previous month. The Estonia-based broker regularly runs attractive contests with thousands of dollars ‘prizes awarded to the best three traders of the month.2014 at Armada Markets was marked with introduction of the Chinese yuan (USD/CNH) and the Russian ruble (USD/RUB) currency pairs to the broker’s MetaTrader 4 platform
HotForex, 5th place finisher in October, is a world famous investment company and trading provider dealing with currencies and commodities. The broker’s clients include not only private traders, but also investment companies and fund managers. 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 MT4 Terminal, Hot iPhone & Smartphone Trader, Hot Android, Hot Webtrader and HotForex PAMM system.
HotForex clients are supported by high-class professionals worldwide and all around the clock, Monday-Friday. HotForex was founded in 2007 has its headquarters in Mauritius. Correspondingly, the brokers activities are regulated by the Financial Services Commission of the Republic of Mauritius (FSC).
In October the broker has introduced the new currency pair, EURNOK. With this, HotForex how offers its traders access to 47 currency pairs. EURNOK pair is available on all HotForex account types except only FIX accounts.
October in HotForex business schedule has been marked with a special event held in early October in the Hotel Kempinski, Jakarta: current and potential partners of different types were invited to meet with senior management in private to talk over the prospects of co-operation in detail.
xCFD, October 6th place finisher, in autumn 2014 has announced incorporation of Advanced Charting Technology by TradingView. With it traders have access to over 700 instruments and can trade currencies, stocks, indices, and commodities through just one account. State of the art graphical tools by TradingView allowed xCFD to significantly improve trading experience and to make it more successful.
Within the xCFD web platform traders can use 30+ customizable indicators, mark trends on charts using newest drawing tools, make comparative analysis on several instruments, and share trading strategies online.
xCFD invites new clients to register and get a free demo account of $20,000 or to open a real account with a no-deposit $30 welcome bonus.
24Option occupies the 7th line in October. This brokerage first off as one of the leaders in the binary options markets. The broker adheres to the principles of fair and transparent trading, and provides safe and comfortable trading conditions. Services offered by 24option are available to the clients all around the clock.
HY Markets, 8th position in October, is an online division of Henyep Capital Markets, a London-based investment company. This broker operates since mid-1970s and gained a reputation of one of the most reliable industry operators.
HY Markets complies with the standards of the most reputable regulatory agencies: FCA, DFSA, SFC and MiFID. Trading instruments offered by the broker include indices, equities, stocks, commodities, energies (oil and gas), and more. It takes just one real trading account at HY Markets to deal with all the available instruments. Demo accounts are also available, as well as expert advisors and automated trading.
MRC Markets, the 9th place finisher in October, tracks its history from 2002 and is one of the leaders of the industry. The number of trading instruments offered by the brokerage is almost uncountable. Positions of MRC Markets are also strong in the binary options markets. Novice traders are best people for MRC Markets as they at any time can participate in the generous promotions offered by the broker to real account owners. MRC Markets also rewards loyal clients keeping their money on the account for at least six months. Another permanent MRC Markets promotion is a prize for referring friends to the broker.
OctaFX, the company closing Top10 of October, has recently introduced the innovative VPS service for MT4. This means no need for using any extra software or for sophisticated connections to remote computers. VPS can be used straight from the client’s MT4 terminal. Obtaining VPS hosting is really simple, as it is transparent and highly intuitive. Indeed OctaFX works on making the trading environment user-friendly and convenient.
Such are results of the October 2014 voting, but next month the entire list may change dramatically. This will depend on the opinions and activities of the site’s registered users who vote and support this or that fx broker. Also, it is not forbidden to vote against the competitors of the favorite broker.
And, on 1st day of the new month all the previous voting results are erased. Forex-Ratings.com is consistent in policy, as we believe that it is fair to give equal chances to all the listing participants in their hard race to the top.
Forex-Ratings.com registered users are entitled to cast up to five votes within 24 hours. In fact, listing positions can change frequently and within only a few minutes; in other cases, voters’ support or discontent with a broker’s performance can last for a long time, which means the listing position of such broker will see no or only little changes during the month.
Forex-Ratings.com community does a great job evaluating forex brokers and thus helping fellow traders decide in favor of a good and reliable fx company with beneficial terms and competent client support.
We invite our new site visitors to join our community and become those who decide which forex brokers are trustworthy, and which should rather be kept away. Each voice matters and each opinion adds to the objectivity of the overall picture.
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