April 2015 Top Forex Brokers: Test of Strength

Forex-Ratings.com continuously collects and shares forex knowledge base with its community since 2006. We incessantly fix strong and weak performance of the key fx brokerages currently working on the global currency exchange market. The data we’ve accumulated so far compares to none by quality, volume, and representation of the various aspects of activity of the forex brokers.

The main principles we pursue in our daily work are objectivity, clarity and consistency. At any given moment at Forex-Ratings.com one can find reference to a vast majority of the forex brokers currently working on the market. Our one-of-a-kind voting system is based on the activity of the site’s visitors who can on a regular basis cast votes for/against listed brokers and define who deserves a top line of the listing at any given instant.

With the reputation we have earned during years of operation, we can proudly confirm that our site’s recommendations about the best forex brokers of today are supported by the real votes of practical traders, whereas the brokers of the bottom lines likely need to be double-checked before starting trading with. As we always reflect latest changes in the forex market, our listing is frequently broken in by the new forex brokerages with assertive promotional policies and generous offers.

With us you always know at a minimum time if a new fx broker is trustworthy. Same, once a company with a long ‘service record’ turns out to lose attraction for this reason or that; this is usually fast reflected in our listing as well. Our site’s community is always on the look-out for any novelties in the fx companies’ performance changes. The traders share actual reviews on the site, ask brokers about the acute performance issues, comment and criticize forex companies on the Forex-Ratings.com pages.

This review highlights the best forex brokers of April 2015 as per the month’s voting results on the site.

April 2015 Top Forex Brokers

Compared to the previous voting month of March, in April the Top10 Forex-Ratings.com voting chart has been 20% renewed: HY Markets and Tickmill are out of the ‘best of the best’ list this time being replaced by the Top10 newcomers: FIBO Group (4th place) and FX Glory (10th place). Let’s give a warm welcome to the newbies and see what achievements and strong merits have been demonstrated by the Top10 forex brokers in April.

Top 10 Forex Brokers in April 2015:

  1. FxPro
  2. HotForex
  3. Fort Financial Services
  4. FIBO Group (new)
  5. FXCM
  6. FOREX.com
  7. OctaFX
  9. NordFX
  10. FX Glory (new)

Greetings to the April Top leader, FxPro. The company’s client base around the globe is constantly growing. The broker attracts clients with a great deal of choice of trading assets and instruments, including equities, spot metals and futures. FxPro features a variety of platforms, including up-to-date versions of MetaTrader, cTrader, ECN FxPro cTrader, MultiTerminal, WebTrader and Mobile Platforms. FxPro clients using MT4 and cTrader platforms can at any time expect fast and reliable trade execution. The broker’s clients benefit from the remarkably deep pool of liquidity delivered by twelve FxPro’s liquidity providers. At FxPro there’s no dealing desk intervention and very low slippage, whereas latency has been reduced from milliseconds to micro-milliseconds.

A strong proponent of transparency and fair trading services, FxPro remains committed to providing its clients with not only full trade reporting and support, but also with the latest order-matching and execution technologies which are continuously upgraded. In April FxPro has published its slippage statistics for March:

  • Positive = 36%
  • At Quote = 36%
  • Negative = 28%

Operating as a Hybrid broker, using a non dealing agency model execution technology, FxPro allows its clients to access top-tier liquidity and to benefit from both its execution technology and its Negative Balance Protection guarantee, while also mitigating operational risk. In conjunction with its slippage statistics, FxPro is also announcing the percentage of re-quotes that clients received during March:

  • Re-quotes = 4.32%
  • Positive = 2%   
  • Negative = 2.32%

Having adopted a Hybrid Agency Model, FxPro has provided the clients with not only superior educational resources and trading tools but also with a guarantee of their funds’ safety.

HotForex, ‘silver’ prize in April, is a frequenter of Top10, being a world famous investment company and trading provider. The broker deals with investment companies and fund managers as well as with private traders. The company offers services in trading currencies and commodities. The platforms available at HotForex include HotForex MT4 Terminal, HotForex PAMM system, Hot Webtrader, Hot iPhone & Smartphone Trader, and Hot Android. HotForex guarantees its customers access to interbank spreads and liquidity through the most modern automated trading platforms and trading technologies. In April the broker’s Chief Market Analyst has provided The HotForex Global Trends 2015 Report, which is available on the broker’s website. The paper reflects the broker’s special outlook on the global markets and economies.

Fort Financial Services (FFS), the ‘bronze’ medalist in April, has improved its rating position compared to the previous voting month (5th place in March). The broker tracks its operational history from 2010 and has clients in more than 30 countries around the world. FFS is a licensed international fx broker operating under a license IFSC/60/256/TS/14 issued by International Financial Services Commission of Belize. FFS offers a wide range of tradable contracts available among top 50 brokers of the world. Hundreds of contracts to choose from include over 150 currency pairs to trade on forex, binary options, CFD contracts (oil, gas, commodities, precious metals, stock indices, ETF contracts, currency futures and many more). The trading opportunities offered by FFS are specifically adapted to MetaTrader4, the world’s most reliable and popular trading platform. The company also features NinjaTrader, a multifunctional trading platform dealing with different markets and trading instruments: forex, futures and stocks. For traders seeking a more advanced level of trading FFS offers a CQG platform thus providing a direct market access to more than 40 world top exchanges through a global network of united exchange gateways and servers.

FIBO Group, 4th place of the April Top10, is a newcomer of the Forex-Ratings.com Top10. Financial Intermarket Brokerage Online Group is one of the oldest players in marginal Internet trading. The company tracks its history from 1998. The key principles of the company’s operational work are transparency, protection of the customers’ interests and strict compliance to the applicable laws and orders issued by the national regulators. All the services offered by the FIBO Group holding meet the international standards and all the applicable regulatory norms.

FXCM, 5th place finisher in April, is one of the leading brokerage companies providing online forex trading and related services. The company is headquartered in New York, US and tracks its history from as long ago as 1999. FXCM works with private traders as well as with institutional customers all across the globe, including American residents, which is not too common in the modern forex world. FXCM has licenses from a number of regulators across the globe: US, UK, a number of European countries, Hong Kong and Australia.The broker has a reputation of one of the most reliable investment companies operating in the global financial markets of today. The company is a major liquidity provider and a market maker. The core offer by FXCM is NDD forex trading. FXCM traders can trade from real-time charts, execute trades in one click, and also trade on FXCM mobile version. The broker offers competitive spreads on major currency pairs. Forex Capital Markets Limited U.K. subsidiary of FXCM, also offers CFD products with no re-quote trading, plus it allows clients to trade oil, gold, silver and stock indices along with forex, all on one platform. FXCM offers an array of platforms to meet demands of various kinds of traders, including world’s popular MetaTrader4 along with FXCM Active Trader, FXCM Trading Station Desktop, FXCM Trading Station Web, FXCM Trading Station Mobile, and Mirror Trader. On any of the platforms clients have permanent access to financial news, market overviews, and technical analysis. For the novice traders FXCM offers free services of its’ Educational Center providing customers with a variety of learning courses, trading tutorials, book, webinars and much more.

FOREX.com, 6th place in April, is one of the world’s leading companies in online currency and CFD trading. The broker is one of the industry veterans having started its operational work in 2001. The parent company of FOREX.com is GAIN Capital Holdings listed on the NY Stock Exchange. Hence, FOREX.com operational standards comply with the supreme requirements for corporate management and regulation as well as financial reporting. The company specializes in offering its services to the retail clients. FOREX.com has established a large network of liquidity providers, which allows the broker continuously offer tight spreads regardless of the volatile market conditions. The company features competitive pricing, proper trading orders’ execution and top-notch trading instruments, as its management has been investing into the IT projects for over 10 years. FOREX.com offers several trading platforms to attract traders of all kinds and levels of experience. Every stage of the trade process at FOREX.com is automated, to ensure that all the clients’ orders are executed at a maximum speed, without any manual interference, and at the price the traders considers to be optimal. The broker executes 99.9% of all trades in less than a second, with a medium execution speed of only 60 msec. A cornerstone of FOREX.com activities is education. Any new client is able to participate in lots of online webinars and trading courses and to receive personal advisory assistance from the company’s professional team. As for the traders with bigger experience on the currency exchange market, they are offered advanced learning courses. FOREX.com undertakes numerous efforts to add to the clients’ awareness of the trading process and to make their trading more professional and successful.

OctaFX, 7th position by the results of the April rally, is a broker providing currency trading services to the clients in over 100 countries throughout the world. OctaFX appeals to the latest technologies and findings to make clients’ currency trading experience more comfortable and secure. The company keeps to the highest service level standards and introduces new services and promotions on a regular basis. The strong points of the broker are low spreads, fast execution and true ECN offset. The array of OctaFX offers includes ECN accounts and micro accounts. In April OctaFX confirmed its ongoing interest to the Asian sports clubs, and, in particular, to those of Indonesia. The broker has announced that Indonesian Super League (ISL) football club Mitra Kukar has become their football partner after a partnership contract between OctaFX and Mitra Kukar has been signed in Jakarta. In April 2015 OctaFX kept on promoting its innovative cTrader platform. Demo contest winners receive significant money prizes of up to $150 in the each contest tour. Participation in the OctaFX cTrader Weekly demo contest allows trading for a week to decide whether cTrader is the right choice for the trader.

EXNESS, 8th position in April, is a forex broker offering its services to corporate entities as well as to private traders, and is one of the leaders in global investment working actively in the fx market since 2008. During years of operation EXNESS has received a number of prestigious financial awards. The company continuously works on improving the quality of the rendered services. Platforms offered at EXNESS are world’s most popular MetaTrader4 and MetaTrader5. There’s no minimum deposit standard, and leverage ranges from 2:1 up to 2000:1; pip spreads on major currency pairs start from 0.1 pips. Also available are ECN accounts starting from $1,000. Hedging and automated trading are allowed at EXNESS. In April the company has introduced a new addition to the lineup of trading accounts: the Cent account. This type of a trading account aims at attracting new traders and creating the most convenient trading environment for them. Cent accounts let the traders lower their risks and test new strategies that can be adapted to trading bigger volumes. The instruments available to Cent accounts include about 35 currency pairs as well as gold and silver. Cent account instruments are designated by the suffix "c". Since January 1st, 2015, EXNESS is an official partner of the Infiniti Red Bull Racing Formula 1 team. The partnership is to continue throughout the entire year. The broker states that this pioneering initiative will do a lot to attract new clients and establish new business contacts around the globe.

On the 12th of April, 2015, the Chinese Formula 1 Grand Prix was held in Shanghai. The Chinese Grand Prix is held in Shanghai since 2004. It is one of the key sporting events of the year in China and is attended by millions of Chinese citizens and foreign tourists. Within the framework of the event EXNESS’ representatives were hosting meetings with the broker’s Chinese partners to discuss opportunities for further collaboration. Each partner had the opportunity to meet EXNESS’ CEO Petr Valov, where they were able to ask questions and share their individual proposals. On the day of the practice laps in Shanghai, the EXNESS partners met with IRBR Team Principal, Christian Horner as well as the drivers Daniel Ricciardo and Daniil Kvyat. The attendees of the event took photos with the Infiniti Red Bull Racing Team' members and received autographs from each of the drivers. Speaking about the EXNESS performance figures, in April the company has issued the March statistics. In March 2015, EXNESS' trading volume amounted to 194.9 billion USD, which represents a 15% increase over February. The number of new trading accounts registered also rose to 31,088. The trading volume in March of this year is 17.1% greater than the trading volume for the same period last year. What's more, it's also 13.6% greater than the average trading volume in 2014 and only falls short of the record set in October (198.8 billion USD). EXNESS' trading volume for the first quarter of 2015 will also be certified by independent auditors and made publicly available.

NordFX, 9th place finisher, has a reputation of one of the most loyal fx brokerages offering comfortable and rewarding conditions. NordFX client support is available in nine languages, and all financial issues related to depositing and withdrawals are resolved right on the spot. NordFX provides direct access to ECN, which means a variety of benefits for the clients, including best prices from Interbank market, NDD, market depth and lowest dynamic spread. The broker allows traders to use expert advisors and any trading strategies including news trading and scalping. NordFX offers its customers MetaTrader 4 and MetaTrader 5 trading platforms, also customized for iOS and Android mobile devices. Besides, there are NFX Trades and ZuluTrader at the service of the company’s clients. NordFX offers flexible trading conditions, including "Micro" accounts starting from $5.

FX Glory, the company closing Top10, is an April Top10 newcomer. This Georgia-based fx company is the only brokerage in the world providing the leverage of 1:3000 for small deposits; at that the clients are not charged for the service. There’s no minimal requirement for depositing or a withdrawal. For big depositors the company provides special trading conditions, including spread decreasing. The broker deducts no taxes on the clients’ profits. Trading conditions offered at FX Glory make it specifically attractive for US clients, as with this broker a number of electronic payment systems are available. Among the company’s advantages are fast execution and minimum spread on trades. The trades of FX Glory clients are automatically connected to the bank. Remarkably, FX Glory has a worthy promotional budget to grant bonuses to the company’s depositing clients. That said, FX Glory is a good choice for the new traders who just start ‘testing water’ in the currency exchange.

Such are the figures and results of the April 2015 voting term on Forex-Ratings.com. However, next month the results may change significantly. Our voters are those who name the best performers of the month, no matter if these brokerages are industry veterans or new companies acting on the forex market since recently.

New forex companies are at all times invited to join Forex-Ratings.com listing – to raise awareness of clients and potential clients, to get a lot of promotional options, and to have a permanent communication channel to address the traders. The site is interactive, so any registered user can see that discussion is effective and every opinion matters. We work both ways: provide direct communication with forex brokers and advise fx traders of all levels of experience. Forex-Ratings.com is unique in providing objective and up-to-date information about the forex market.

Forex-Ratings.com registered users do a job that can hardly be overestimated: they evaluate brokers’ functioning and thus indicate which forex companies deserve trust of the new clients for offering reasonable and beneficial trading conditions. Forex-Ratings.com constantly attracts lots of forex newbies, who can learn important facts on the site, share their trading experience with other community members, and contact forex brokers directly on the site (and also get a timely first-hand reply).

Each Forex-Ratings.com registered user is entitled to cast up to five votes within 24 hours. This means it is fast and easy to add to shaping an image of this or that forex broker listed on the site. In fact, brokers’ positions in the listing may change, sometimes in a matter of only a few minutes. In other cases, when a broker remains on the same rating line for a long time, this means that the traders’ support or discontent with the broker may have solid ground.

Forex-Ratings.com is the place where any forex trader is to be heard by the industry leaders. Every first day of the month the previous voting results are nullified, and voting process starts anew. We believe that every listed broker deserves an equal chance to get to the top. Top positions in the Forex-Ratings.com rating have proven to be a certification mark of brokers’ achievements.

Want to share an opinion about a forex broker? Register at Forex-Ratings.com and make your voice be heard!

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