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This review deals with June voting results and highlights the Top10 of the first summer month of 2015. Compared to the previous voting month of May, the ‘best of the best’ list of Forex-Ratings.com has been 20% renewed: new entrants are HY Markets, the site’s rating frequenter, and AMarkets, the assertive newcomer of our voting list that has already managed to get a lot of attention of our voting community. June Top10 has been left by HotForex and TickMill. We say good-bye to these well-known brokerages, and hope to see them among our top-rated companies again soon!
Top 10 Forex Brokers in June 2015:
- FIBO Group
- RoboForex ↑
- FXCM ↑
- FOREX.com ↓
- Fort Financial Services
- EXNESS ↓
- HY Markets (new)
- A-Markets (new)
The pedestal of the Top10 June listing has remained unchanged compared to the previous voting month: all the three best performers, FxPro, NordFX and FIBO Group, have managed to keep their May titles of the ‘gold’, ‘silver’ and ‘bronze’ winners respectively. Along with this, Fort Financial Services has managed to retain the 7th position for the second month in a row, which also speaks for itself in terms of stable performance and good reputation with the traders.
RoboForex (4th place) and FXCM (5th place) have slightly improved their listing positions compared to May. On the contrary, June performance results of FOREX.com (6th place) and EXNESS (8th place) have slightly deteriorated.
As for the leader of the June Top10, FxPro is an exemplary brokerage company with years of operational work on the forex market. This Cyprus-based forex brokerage traces its history from 2006. Trading assets and instruments offered at FxPro form a broad assortment. Along with currency trading FxPro provides trading with Equities, Spot Metals, Commodity Futures, Index Futures and Energy Futures. FxPro ECN accounts start from $1,000. Trading platforms offered by the broker include FxPro MetaTrader4, ECN FxPro cTrader, FxPro Multiterminal, FxPro Mobile Platforms. FxPro vault system provides prompt cash operations. Hedging and scalping are allowed at FxPro. Known for operating as an NDD broker, offering top-tier liquidity and superior execution technology, FxPro keeps on expanding and improving its services. FxPro offers tight spreads and price feeds, which make futures’ trading with this broker very comfortable. In June FxPro has announced expanding of its product range with new types of CFDs now available on the FxPro MT4 platform. They include lots of additional shares, indices, commodity futures and energy futures. Speaking in more detail, since June 01, 2015, FxPro is offering some of the most demanded and liquid shares listed on the US, British, German and French markets, new spot indices such as the China 50 index, enhanced energy and agricultural futures. All these new offers are aimed at helping FxPro traders further diversify their trading activity.
The ‘silver’ finisher of June is NordFX. This India-based company features a broad range of forex services complying with global trading standards. NordFX offers its customers MetaTrader4 and MetaTrader5 trading platforms, also MT versions customized for iOS and Android mobile devices. Generally, NordFX traders have access to a wide range of advanced trading software to comfortably open and close orders from anywhere in the world; Integral NFX Trades and ZuluTrade are also at the service of the NordFX clients. 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 EAs and various trading strategies including news trading and scalping. NordFX client support deserves a special notice for providing services in ten languages including Arabic, Chinese, Portuguese, Russian and Spanish.
FIBO Group is the June ‘bronze’ finisher. Financial Intermarket Brokerage Online Group traces its history back from 1998. The company is one of the oldest players in marginal Internet trading. In its daily work the company sticks to the principles of strict compliance to the applicable laws and orders issued by the national regulators as well as protection of the clients’ interests. All the services offered by the FIBO Group holding meet the international standards and all the applicable regulatory norms.
The 4th line of the June listing belongs to RoboForex. In 2015 it only happens for the second time that we see this New Zealand based broker among the month’s Top10 finishers. However, it is yet another good reason to name a few strong points and latest offers of this active and steady performing broker. RoboForex works with all kinds of traders, from newbies to owners of professional ECN accounts. Trading terminals available at RoboForex include MetaTrader4, MetaTrader5 and cTrader. A variety of the trading instruments offered by RoboForex helps its clients try various trading strategies. Along with this, the broker has its niche on the forex market as an active educator arranging various webinars on trading basics, price action patterns, forecasting, and much more. In June RoboForex has introduced a new opportunity of opening trading accounts in two new base currencies, Chinese Yuan (CNY) and Gold (GOLD). These new account currencies are supposed to help traders diversify their risks and serve as a reasonable alternative to US Dollar and Euro during the periods of their instability. Since June, RoboForex clients using CopyFX system can use the updated version of the Trader’s Card, which is easier to use and more functional. In June RoboForex clients have received an opportunity to trade on Pro-Standard accounts for cTrader platform. This innovation has been developed to meet the needs of professional traders. New account type for cTrader platform has the same parameters as its versions for other platforms: 3 base currencies (USD, EUR and CNY); leverage up to 1:500; floating spread; market execution mode; the maximum order volume is 100 lots. As for binary options traders of RoboOption, since June they are capable of receiving trading signals and copy transactions of the world’s best traders to their accounts via ZuluTrade service. This can help them improve the efficiency of their investments and make their trading more profitable.
The 5th position of the June voting belongs to FXCM, which is known as one of the one of the most stable forex brokers and investment companies currently working on the global financial markets. FXCM was established in 1999 and has its headquarters in New York, US. The principal FXCM's client offering is NDD forex trading. Clients benefit from FXCM’s large network of forex liquidity providers enabling FXCM to offer competitive spreads on major currency pairs. $2,000 is a minimum deposit for a standard account with leverage approximately 50:1 and pip spread on majors approximately ranging from 0.2 to 1.5. The company offers a number of trading platforms including FXCM Trading Station Desktop, FXCM Trading Station Web, FXCM Trading Station Mobile, FXCM Active Trader, Mirror Trader and the most popular in the world MetaTrader4. FXCM's U.K. subsidiary, Forex Capital Markets Limited, also offers CFD products with no re-quote trading and allows clients to trade oil, gold, silver and stock indices along with forex on one platform. Depositing and funds withdrawal on FXCM are available through multiple payment systems and are fulfilled in the shortest time possible. FXCM novice traders enjoy access to the free services of the broker’s Educational Center that offers learning courses, webinars, fx books, tutorials, etc.
FOREX.com, 6th place in June, has been established in 2001 and is one of industry giants. During years of operation FOREX.com has acquired a reputation of one of the leaders in currency trading and CFD trading. The parent company of FOREX.com is GAIN Capital Holdings which is listed on the New York Stock Exchange. FOREX.com adheres to the high standards of corporate governance and financial reporting. FOREX.com offers a variety of trading platforms to meet the needs of different kinds of traders. The advantages of FOREX.com are first-rate trading tools; competitive pricing and tight spreads; transparent and reliable trading execution. The company is famous for its various educational programs addressed to novice FX traders. FOREX.com hosts webinars and video tutorials, its clients receive personal support from the team of professional fx traders. FOREX.com team has spent more than ten years investing in informational technologies and elaborating a liquidity network of trading partners, therefore the broker is able to consistently quote tight spreads in any kind of financial market conditions.
Fort Financial Services, 7th place in June, is a licensed international fx broker operating under a license IFSC/60/256/TS/14 issued by International Financial Services Commission of Belize. FFS tracks its operational history from 2010 and has clients in more than 30 countries around the world. Fort Financial Services offers a wide range of tradable contracts available among top 50 brokers of the world. Available are hundreds of contracts to trade on forex, binary options, CFD contracts (oil, gas, stock indices, commodities, precious metals, 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 Fort Financial Services 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. One month after another the broker offers lucrative bonuses to its traders. In June FFS has been running a special monetary promotion, "Welcome Bonus 15 USD": From June 10th to June 21st, 2015 the welcome bonus of $US15 or its equivalent in EUR has been available to all FFS clients, both new and those who’ve already been trading with the broker.
EXNESS, 8th place finisher in June, is one of the global leaders of the forex industry. The broker operates on the currency exchange market since 2008. EXNESS provides a wide range of services to customers of different levels of experience and both to private traders and corporate clients. 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. Since the beginning of the year 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 contends that this groundbreaking initiative will do a lot for the purpose of attraction new clients and developing business contacts around the globe. Among June activities of EXNESS we’d like to mention the publication of the inhouse report of on the influence of the price of Brent oil on exchange rates. The study reviewed the world's largest exporters of crude oil: Saudi Arabia, Russia, Canada, Nigeria, etc. To create the infographic, EXNESS team has analyzed the information about changes in quotes for currency pairs and Brent oil for the past years. In fact, over the past 15 years oil prices most strongly affected the value of the Canadian dollar, the Malaysian ringgit, the Norwegian krone, the Mexican peso, the Brazilian real, and the Russian ruble. In countries where the exchange rates of national currencies have been smoothed out by interventions by central banks, the influence of the price of oil on the national currency's exchange rate has proven to be minimal. Another EXNESS public initiative of the recent months was sponsoring of the ‘Spring Track 2015’, an expedition to the polar Bear Islands under WWF authority that had started in April and summed up its results in June. EXNESS supported the expedition by purchasing the equipment as well as by helping to organize anti-poaching raids.
HY Markets, 9th place in June, is a market name of Henyep Capital Markets UK Ltd. The company is a part of the global conglomerate working in currency trading and financial services, property, education, etc. HY Group is registered and authorized in UK, Hong Kong, United Arab Emirates, and other business jurisdictions of prime importance, all together in more than 20 countries across the globe. HY Markets features such trading platforms as MetaTrader4 as well as Webtrader and HYRPO. Trading accounts at HY Markets start from $50 with leverage reaching up to 400:1 and tight spreads on major currency crosses ranging from 0.5 to 2 pips. The spread can be both fixed and variable. HY Markets clients can use automatic trading too. Expert advisors and such trading strategy as hedging are also available. It is possible to try the broker’s services using free demo accounts. Unlike forex only providers, HY Markets allows its clients to gain exposure to multiple capital markets, thus allowing investors to develop a diverse portfolio from a single integrated account. This allows clients to diversify their investments as well as benefit from the ability to trade multiple strategies. HY Markets offers a variety of trading instruments: currency trading as well as trading equities, stocks, indices, metals, commodities, energies (oil/gas), and many more. A single trading account at HY Markets gives access to any of the offered trading tools. HY Markets has fast and direct automatic execution of all of its products benchmarked on the largest exchanges such as COMEX, NYMEX, and others.
AMarkets is the broker closing Forex Ratings ‘best ten’ of June. Formerly known as AForex, the broker has years of experience of work on the forex market. AMarkets provides a wide variety of electronically traded products including forex, metals, commodities and CFDs. Providing direct access to global markets the broker executes nearly 10,000 trades on a daily basis; AMarkets clients are equipped with all the necessary tools for successful trading; along with this, they benefit from high standards of price feeds, order speed and execution. AMarkets has been recognized as the number one forex broker in two categories by the International Association of Forex Traders (IAFT Awards) in 2014. In the Q1 of 2015, AMarkets clients success rate was 29%. Besides that, fastest order execution speed was recorded at 30 ms, while industry’s average speed is 500ms. In June AMarkets has launched a mobile binary options platform. From now on, the broker’s clients have the ability to trade binary options On the Go, from anywhere and at any time, 24/7/365. The most attractive AMarkets promotional activity has become the introduction of the 30% Credit Bonus. The bonus is offered on the real money accounts and is available until July 31st, 2015. To qualify for the 30% Credit Bonus a trader needs to fund a newly opened Direct Account. Maximum bonus amount is $3,000; minimum deposit amount required for participation is $200. Credit Bonus is converted into real money on the rate of $5 per one traded lot.
These were June voting results. Next month it may turn out that the Top10 list looks significantly different. It is our voting community and personally its active members who decide which forex brokers currently are worth of the top position in the rating, and which have done to so well. Each voice matters and every vote contributes to the results of the monthly chart. Our system ensures transparency of the voting process. Correspondingly, at any given moment the brokers occupy their rating positions by right, as this is supported by the number of factual votes cast for/against the brokers.
Every 1st day of the month the previous Forex-Ratings.com voting results are cleared up. Thus, the new month’s voting marathon starts anew from ‘zero’ point. Due to this provision each listed broker has a chance to get to the top: equal rights and opportunities are vested to all.
Forex-Ratings.com listing aims at helping forex traders in choosing the right forex broker. In fact, voting results produced by the Forex-Ratings.com community exert influence on the future traders’ activities on the forex market and shape image of forex brokers as reliable or not so reliable business entities.
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